# EDGAR Filing Document

**Accession Number:** 0000702340
**File Stem:** 0000940400-26-020259
**Filing Date:** 2026-5
**Character Count:** 90293
**Document Hash:** 9db928878de08b6e85e039ea3a445e9a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020259.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000940400-26-020259

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PENN SERIES FUNDS INC
- **CENTRAL INDEX KEY:** 0000702340

**ORGANIZATION NAME:**
- **EIN:** 232209178
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03459
- **FILM NUMBER:** 261007350

**BUSINESS ADDRESS:**
- **STREET 1:** 600 DRESHER RD
- **STREET 2:** C3D
- **CITY:** HORSHAM
- **STATE:** PA
- **ZIP:** 19044
- **BUSINESS PHONE:** (215) 956-8835

**MAIL ADDRESS:**
- **STREET 1:** 600 DRESHER ROAD
- **STREET 2:** C3D
- **CITY:** HORSHAM
- **STATE:** PA
- **ZIP:** 19044

## Series and Classes Contracts Data

### Small Cap Value Fund (Series ID: S000006736)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000018299 | Small Cap Value Fund |  |

## Nport-Ex

#### Penn Series Funds, Inc.<br>

#### Schedule of Investments — March 31, 2026 (Unaudited)<br>

#### Small Cap Value Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — 93.2%** | **COMMON STOCKS — 93.2%** | **COMMON STOCKS — 93.2%** |
| **Aerospace & Defense — 1.8%** | **Aerospace & Defense — 1.8%** | **Aerospace & Defense — 1.8%** |
| Ducommun, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;5581 | &nbsp;&nbsp;&nbsp;$680882 |
| Mercury Systems, Inc.\* | &nbsp;&nbsp;&nbsp;17200 | &nbsp;&nbsp;&nbsp;&nbsp;1254052 |
| Moog, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;2253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659318 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2594252 |
| **Agriculture — 0.4%** | **Agriculture — 0.4%** | **Agriculture — 0.4%** |
| Fresh Del Monte Produce, Inc. | &nbsp;&nbsp;&nbsp;13385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;538880 |
| **Airlines — 0.4%** | **Airlines — 0.4%** | **Airlines — 0.4%** |
| SkyWest, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;6434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590834 |
| **Apparel — 0.9%** | **Apparel — 0.9%** | **Apparel — 0.9%** |
| Capri Holdings Ltd.\* | &nbsp;&nbsp;34980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;616348 |
| Kontoor Brands, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;686171 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1302519 |
| **Auto Parts & Equipment — 1.7%** | **Auto Parts & Equipment — 1.7%** | **Auto Parts & Equipment — 1.7%** |
| Dana, Inc. | &nbsp;&nbsp;20225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680571 |
| Phinia, Inc. | &nbsp;&nbsp;20077 | &nbsp;&nbsp;&nbsp;&nbsp;1374070 |
| Visteon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;4648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;423479 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2478120 |
| **Banks — 16.7%** | **Banks — 16.7%** | **Banks — 16.7%** |
| Atlantic Union Bankshares Corp. | &nbsp;&nbsp;45884 | &nbsp;&nbsp;&nbsp;&nbsp;1639894 |
| CoastalSouth Bancshares, Inc. | &nbsp;&nbsp;&nbsp;17910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440407 |
| Columbia Banking System, Inc. | &nbsp;&nbsp;38006 | &nbsp;&nbsp;&nbsp;&nbsp;1042504 |
| Community Financial System, Inc. | &nbsp;&nbsp;20445 | &nbsp;&nbsp;&nbsp;&nbsp;1199099 |
| ConnectOne Bancorp, Inc. | &nbsp;&nbsp;43558 | &nbsp;&nbsp;&nbsp;&nbsp;1166048 |
| FB Financial Corp. | &nbsp;&nbsp;&nbsp;22101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1147926 |
| First Merchants Corp. | &nbsp;&nbsp;&nbsp;37825 | &nbsp;&nbsp;&nbsp;&nbsp;1464962 |
| Glacier Bancorp, Inc. | &nbsp;&nbsp;&nbsp;42183 | &nbsp;&nbsp;&nbsp;&nbsp;1884315 |
| Nicolet Bankshares, Inc. | &nbsp;&nbsp;&nbsp;8660 | &nbsp;&nbsp;&nbsp;&nbsp;1287049 |
| Old Second Bancorp, Inc. | &nbsp;&nbsp;&nbsp;71176 | &nbsp;&nbsp;&nbsp;&nbsp;1434908 |
| Origin Bancorp, Inc. | &nbsp;&nbsp;34922 | &nbsp;&nbsp;&nbsp;&nbsp;1447866 |
| Renasant Corp. | &nbsp;&nbsp;&nbsp;51274 | &nbsp;&nbsp;&nbsp;&nbsp;1852530 |
| Seacoast Banking Corp of Florida | &nbsp;&nbsp;47467 | &nbsp;&nbsp;&nbsp;&nbsp;1437775 |
| SOUTHSTATE BANK CORP | &nbsp;&nbsp;&nbsp;11619 | &nbsp;&nbsp;&nbsp;&nbsp;1074990 |
| UMB Financial Corp. | &nbsp;&nbsp;&nbsp;18162 | &nbsp;&nbsp;&nbsp;&nbsp;2048492 |
| Valley National Bancorp | 140610 | &nbsp;&nbsp;&nbsp;&nbsp;1726691 |
| WesBanco, Inc. | &nbsp;&nbsp;&nbsp;44128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1521975 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;23817431 |
| **Biotechnology — 4.5%** | **Biotechnology — 4.5%** | **Biotechnology — 4.5%** |
| Apogee Therapeutics, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;3249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;273468 |
| CG oncology, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;4680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316742 |
| Cytokinetics, Inc.\* | &nbsp;&nbsp;&nbsp;16527 | &nbsp;&nbsp;&nbsp;&nbsp;1089295 |
| Definium Therapeutics, Inc.\* | &nbsp;&nbsp;16629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314288 |
| Dianthus Therapeutics, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;6875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;576950 |
| Halozyme Therapeutics, Inc.\* | &nbsp;&nbsp;10256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;662845 |
| Immunovant, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;11413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283499 |
| Krystal Biotech, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;1316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;339949 |
| Ligand Pharmaceuticals, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;3386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;676015 |
| Mineralys Therapeutics, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;6711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181801 |
| Praxis Precision Medicines, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;1863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600240 |
| Revolution Medicines, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;7322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;712065 |
| Xenon Pharmaceuticals, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;7098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;412749 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6439906 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **Building Materials — 1.7%** | **Building Materials — 1.7%** | **Building Materials — 1.7%** |
| Boise Cascade Co. | &nbsp;&nbsp;&nbsp;5552 | &nbsp;&nbsp;&nbsp;&nbsp;$421119 |
| Griffon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;520898 |
| Masterbrand, Inc.\* | &nbsp;&nbsp;37326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310179 |
| SPX Technologies, Inc.\* | &nbsp;&nbsp;&nbsp;5569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1113466 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2365662 |
| **Chemicals — 4.0%** | **Chemicals — 4.0%** | **Chemicals — 4.0%** |
| Ecovyst, Inc.\* | 34382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;442152 |
| Element Solutions, Inc. | &nbsp;&nbsp;21855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;746130 |
| H.B. Fuller Co. | 18842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1162175 |
| Ingevity Corp.\* | &nbsp;&nbsp;15785 | &nbsp;&nbsp;&nbsp;&nbsp;1124366 |
| NewMarket Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511478 |
| Rogers Corp.\* | &nbsp;&nbsp;&nbsp;5024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539226 |
| Solstice Advanced Materials, Inc. | &nbsp;&nbsp;14897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1134555 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5660082 |
| **Coal — 0.4%** | **Coal — 0.4%** | **Coal — 0.4%** |
| Core Natural Resources, Inc. | &nbsp;&nbsp;&nbsp;5726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;599684 |
| **Commercial Services — 0.5%** | **Commercial Services — 0.5%** | **Commercial Services — 0.5%** |
| BrightView Holdings, Inc.\* | 59775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;704747 |
| **Computers — 1.3%** | **Computers — 1.3%** | **Computers — 1.3%** |
| Amentum Holdings, Inc.\* | 30679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800108 |
| ASGN, Inc.\* | &nbsp;&nbsp;&nbsp;9978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386249 |
| V2X, Inc.\* | &nbsp;&nbsp;&nbsp;9376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;642256 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1828613 |
| **Cosmetics & Personal Care — 0.7%** | **Cosmetics & Personal Care — 0.7%** | **Cosmetics & Personal Care — 0.7%** |
| Edgewell Personal Care Co. | 29408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;627567 |
| Prestige Consumer Healthcare, Inc.\* | &nbsp;&nbsp;&nbsp;6027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357220 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;984787 |
| **Diversified Financial Services — 4.7%** | **Diversified Financial Services — 4.7%** | **Diversified Financial Services — 4.7%** |
| Bread Financial Holdings, Inc. | &nbsp;&nbsp;13783 | &nbsp;&nbsp;&nbsp;&nbsp;1032209 |
| Enova International, Inc.\* | &nbsp;&nbsp;&nbsp;4440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;603085 |
| Jefferson Capital, Inc. | 55060 | &nbsp;&nbsp;&nbsp;&nbsp;1058804 |
| Marex Group PLC | &nbsp;&nbsp;17395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;775469 |
| PennyMac Financial Services, Inc. | &nbsp;&nbsp;&nbsp;9938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;868581 |
| Perella Weinberg Partners | &nbsp;&nbsp;74147 | &nbsp;&nbsp;&nbsp;&nbsp;1346509 |
| Piper Sandler Cos. | &nbsp;&nbsp;13492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1032813 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6717470 |
| **Electric — 2.2%** | **Electric — 2.2%** | **Electric — 2.2%** |
| Black Hills Corp. | 16780 | &nbsp;&nbsp;&nbsp;&nbsp;1164700 |
| IDACORP, Inc. | 10829 | &nbsp;&nbsp;&nbsp;&nbsp;1548222 |
| MGE Energy, Inc. | &nbsp;&nbsp;&nbsp;6064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468686 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3181608 |
| **Electrical Components & Equipment — 0.9%** | **Electrical Components & Equipment — 0.9%** | **Electrical Components & Equipment — 0.9%** |
| Littelfuse, Inc. | &nbsp;&nbsp;&nbsp;3709 | &nbsp;&nbsp;&nbsp;&nbsp;1258649 |
| **Electronics — 3.2%** | **Electronics — 3.2%** | **Electronics — 3.2%** |
| Atmus Filtration Technologies, Inc. | &nbsp;&nbsp;&nbsp;12114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;687712 |
| Bel Fuse, Inc., Class B | &nbsp;&nbsp;&nbsp;&nbsp;1812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358740 |
| ESCO Technologies, Inc. | &nbsp;&nbsp;&nbsp;3636 | &nbsp;&nbsp;&nbsp;&nbsp;1023061 |
| Knowles Corp.\* | 30625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;786450 |
| Mirion Technologies, Inc.\* | 34248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;636670 |

---

------

#### Penn Series Funds, Inc.<br>

#### Schedule of Investments — March 31, 2026 (Unaudited)<br>

#### Small Cap Value Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** |
| **Electronics — (continued)** | **Electronics — (continued)** | **Electronics — (continued)** |
| TTM Technologies, Inc.\* | &nbsp;&nbsp;10337 | &nbsp;&nbsp;$1007031 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;4499664 |
| **Energy-Alternate Sources — 0.5%** | **Energy-Alternate Sources — 0.5%** | **Energy-Alternate Sources — 0.5%** |
| Nextpower, Inc., Class A\* | &nbsp;&nbsp;&nbsp;5489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;661699 |
| **Engineering & Construction — 2.8%** | **Engineering & Construction — 2.8%** | **Engineering & Construction — 2.8%** |
| Arcosa, Inc. | &nbsp;&nbsp;12942 | &nbsp;&nbsp;&nbsp;&nbsp;1373664 |
| Centuri Holdings, Inc.\* | 40418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1180610 |
| Fluor Corp.\* | &nbsp;&nbsp;&nbsp;8597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401050 |
| Granite Construction, Inc. | &nbsp;&nbsp;&nbsp;9044 | &nbsp;&nbsp;&nbsp;&nbsp;1084194 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;4039518 |
| **Entertainment — 0.6%** | **Entertainment — 0.6%** | **Entertainment — 0.6%** |
| Churchill Downs, Inc. | &nbsp;&nbsp;&nbsp;5782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519397 |
| Red Rock Resorts, Inc., Class A | &nbsp;&nbsp;&nbsp;6997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;373360 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;892757 |
| **Gas — 4.1%** | **Gas — 4.1%** | **Gas — 4.1%** |
| Chesapeake Utilities Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;980126 |
| MDU Resources Group, Inc. | &nbsp;&nbsp;34251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;709681 |
| ONE Gas, Inc. | &nbsp;&nbsp;15461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1331656 |
| Southwest Gas Holdings, Inc. | &nbsp;&nbsp;16396 | &nbsp;&nbsp;&nbsp;&nbsp;1424812 |
| Spire, Inc. | &nbsp;&nbsp;15591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1411609 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5857884 |
| **Healthcare Products — 1.9%** | **Healthcare Products — 1.9%** | **Healthcare Products — 1.9%** |
| 10X Genomics, Inc., Class A\* | &nbsp;&nbsp;23258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;493767 |
| Globus Medical, Inc., Class A\* | &nbsp;&nbsp;&nbsp;8098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;697724 |
| LivaNova PLC\* | &nbsp;&nbsp;16268 | &nbsp;&nbsp;&nbsp;&nbsp;1033994 |
| Merit Medical Systems, Inc.\* | &nbsp;&nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413580 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2639065 |
| **Healthcare Services — 0.8%** | **Healthcare Services — 0.8%** | **Healthcare Services — 0.8%** |
| Acadia Healthcare Co., Inc.\* | &nbsp;&nbsp;18365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429557 |
| Charles River Laboratories International, Inc.\* | &nbsp;&nbsp;&nbsp;2454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;423315 |
| Lumexa Imaging Holdings, Inc.\* | &nbsp;&nbsp;39156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336742 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1189614 |
| **Home Builders — 3.2%** | **Home Builders — 3.2%** | **Home Builders — 3.2%** |
| Century Communities, Inc. | &nbsp;&nbsp;&nbsp;7009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402177 |
| Forestar Group, Inc.\* | &nbsp;&nbsp;31020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;758129 |
| Installed Building Products, Inc. | &nbsp;&nbsp;&nbsp;2056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;545148 |
| Meritage Homes Corp. | 20694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1279717 |
| Taylor Morrison Home Corp.\* | 27696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1613015 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;4598186 |
| **Home Furnishings — 0.4%** | **Home Furnishings — 0.4%** | **Home Furnishings — 0.4%** |
| Alliance Laundry Holdings, Inc.\* | 29073 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602974 |
| **Household Products & Wares — 0.3%** | **Household Products & Wares — 0.3%** | **Household Products & Wares — 0.3%** |
| Spectrum Brands Holdings, Inc. | &nbsp;&nbsp;&nbsp;5955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438884 |
| **Insurance — 3.4%** | **Insurance — 3.4%** | **Insurance — 3.4%** |
| Abacus Global Management, Inc. | &nbsp;&nbsp;21372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168411 |
| CNO Financial Group, Inc. | 23680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;972301 |
| Exzeo Group, Inc.\* | 44089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;646786 |
| HCI Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;641168 |
| NMI Holdings, Inc.\* | 26985 | &nbsp;&nbsp;&nbsp;&nbsp;1012207 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **Insurance — (continued)** | **Insurance — (continued)** | **Insurance — (continued)** |
| Skyward Specialty Insurance Group, Inc.\* | &nbsp;&nbsp;15912 | &nbsp;&nbsp;$695036 |
| Slide Insurance Holdings, Inc.\* | 36489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;656802 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;4792711 |
| **Iron & Steel — 1.1%** | **Iron & Steel — 1.1%** | **Iron & Steel — 1.1%** |
| Commercial Metals Co. | 26090 | &nbsp;&nbsp;&nbsp;&nbsp;1602709 |
| **Leisure Time — 1.4%** | **Leisure Time — 1.4%** | **Leisure Time — 1.4%** |
| Life Time Group Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;13251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356982 |
| Patrick Industries, Inc. | &nbsp;&nbsp;&nbsp;8934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;992299 |
| Polaris, Inc. | &nbsp;&nbsp;11475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;625388 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1974669 |
| **Machinery — Construction & Mining — 1.4%** | **Machinery — Construction & Mining — 1.4%** | **Machinery — Construction & Mining — 1.4%** |
| Terex Corp. | 32924 | &nbsp;&nbsp;&nbsp;&nbsp;1945808 |
| **Machinery — Diversified — 1.5%** | **Machinery — Diversified — 1.5%** | **Machinery — Diversified — 1.5%** |
| Alamo Group, Inc. | &nbsp;&nbsp;&nbsp;3428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;565517 |
| Gates Industrial Corp. PLC\* | &nbsp;&nbsp;50013 | &nbsp;&nbsp;&nbsp;&nbsp;1130794 |
| The Gorman-Rupp Co. | &nbsp;&nbsp;&nbsp;5982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;371662 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2067973 |
| **Metal Fabricate/Hardware — 1.9%** | **Metal Fabricate/Hardware — 1.9%** | **Metal Fabricate/Hardware — 1.9%** |
| Helios Technologies, Inc. | &nbsp;&nbsp;11980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;775226 |
| Ryerson Holding Corp. | &nbsp;&nbsp;17634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396412 |
| Standex International Corp. | &nbsp;&nbsp;&nbsp;4353 | &nbsp;&nbsp;&nbsp;&nbsp;1109406 |
| Worthington Steel, Inc. | &nbsp;&nbsp;15695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;476343 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2757387 |
| **Mining — 1.3%** | **Mining — 1.3%** | **Mining — 1.3%** |
| Coeur Mining, Inc.\* | &nbsp;&nbsp;23382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438880 |
| Constellium S.E.\* | 24762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;608650 |
| SSR Mining, Inc.\* | &nbsp;&nbsp;27289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;802297 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1849827 |
| **Oil & Gas — 6.6%** | **Oil & Gas — 6.6%** | **Oil & Gas — 6.6%** |
| California Resources Corp. | &nbsp;&nbsp;&nbsp;21183 | &nbsp;&nbsp;&nbsp;&nbsp;1466287 |
| Chord Energy Corp. | &nbsp;&nbsp;11059 | &nbsp;&nbsp;&nbsp;&nbsp;1572369 |
| CNX Resources Corp.\* | 25226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;972462 |
| Magnolia Oil & Gas Corp., Class A | 56892 | &nbsp;&nbsp;&nbsp;&nbsp;1796080 |
| Noble Corp. PLC | 29349 | &nbsp;&nbsp;&nbsp;&nbsp;1440155 |
| PBF Energy, Inc., Class A | &nbsp;&nbsp;19983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;951591 |
| Seadrill Ltd.\* | 26205 | &nbsp;&nbsp;&nbsp;&nbsp;1192328 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;9391272 |
| **Oil & Gas Services — 2.0%** | **Oil & Gas Services — 2.0%** | **Oil & Gas Services — 2.0%** |
| DNOW, Inc.\* | 34676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;412991 |
| Flowco Holdings, Inc., Class A | &nbsp;&nbsp;19459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400855 |
| Kodiak Gas Services, Inc. | &nbsp;&nbsp;12378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;721885 |
| Liberty Energy, Inc. | &nbsp;&nbsp;31087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;895306 |
| Oceaneering International, Inc.\* | &nbsp;&nbsp;12724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451320 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2882357 |
| **Packaging and Containers — 0.9%** | **Packaging and Containers — 0.9%** | **Packaging and Containers — 0.9%** |
| Greif, Inc., Class A | &nbsp;&nbsp;12166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;815973 |
| TriMas Corp. | &nbsp;&nbsp;11855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;426069 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1242042 |

---

------

#### Penn Series Funds, Inc.<br>

#### Schedule of Investments — March 31, 2026 (Unaudited)<br>

#### Small Cap Value Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** |
| **Pharmaceuticals — 0.9%** | **Pharmaceuticals — 0.9%** | **Pharmaceuticals — 0.9%** |
| Alkermes PLC\* | &nbsp;&nbsp;15213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$537931 |
| Protagonist Therapeutics, Inc.\* | &nbsp;&nbsp;&nbsp;3450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;363630 |
| Supernus Pharmaceuticals, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;8175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;422566 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1324127 |
| **Pipelines — 0.2%** | **Pipelines — 0.2%** | **Pipelines — 0.2%** |
| Kinetik Holdings, Inc. | &nbsp;&nbsp;&nbsp;6598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;319409 |
| **Retail — 2.2%** | **Retail — 2.2%** | **Retail — 2.2%** |
| Academy Sports & Outdoors, Inc. | &nbsp;&nbsp;12281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;693262 |
| Advance Auto Parts, Inc. | &nbsp;&nbsp;&nbsp;8893 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469106 |
| Black Rock Coffee Bar, Inc., Class A\* | &nbsp;&nbsp;11462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148089 |
| Group 1 Automotive, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354105 |
| La-Z-Boy, Inc. | &nbsp;&nbsp;15228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;489428 |
| Signet Jewelers Ltd. | &nbsp;&nbsp;&nbsp;5486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464335 |
| Urban Outfitters, Inc.\* | &nbsp;&nbsp;&nbsp;8731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553109 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3171434 |
| **Savings & Loans — 1.5%** | **Savings & Loans — 1.5%** | **Savings & Loans — 1.5%** |
| Banc of California, Inc. | 80777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1420060 |
| Beacon Financial Corp. | 24255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727650 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2147710 |
| **Semiconductors — 4.1%** | **Semiconductors — 4.1%** | **Semiconductors — 4.1%** |
| Allegro MicroSystems, Inc.\* | 22223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700691 |
| Axcelis Technologies, Inc.\* | 10705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;996421 |
| Cohu, Inc.\* | 22627 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692839 |
| FormFactor, Inc.\* | &nbsp;&nbsp;&nbsp;9234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;895606 |
| Onto Innovation, Inc.\* | &nbsp;&nbsp;&nbsp;4550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;933068 |
| Semtech Corp.\* | &nbsp;&nbsp;12358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;950207 |
| Ultra Clean Holdings, Inc.\* | &nbsp;&nbsp;11049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;687027 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5855859 |
| **Software — 0.4%** | **Software — 0.4%** | **Software — 0.4%** |
| Digi International, Inc.\* | 10724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;516897 |
| **Transportation — 1.8%** | **Transportation — 1.8%** | **Transportation — 1.8%** |
| ArcBest Corp. | &nbsp;&nbsp;&nbsp;5701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560750 |
| DHT Holdings, Inc. | 35532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;649170 |
| Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp;&nbsp;8258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475496 |
| Scorpio Tankers, Inc. | 12628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;942806 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2628222 |
| **TOTAL COMMON STOCKS<br> (Cost $115,979,612)** | **TOTAL COMMON STOCKS<br> (Cost $115,979,612)** | &nbsp;&nbsp;&nbsp;**132953902** |
| **REAL ESTATE INVESTMENT TRUSTS — 7.8%** | **REAL ESTATE INVESTMENT TRUSTS — 7.8%** | **REAL ESTATE INVESTMENT TRUSTS — 7.8%** |
| **Apartments — 0.6%** | **Apartments — 0.6%** | **Apartments — 0.6%** |
| Independence Realty Trust, Inc. | &nbsp;&nbsp;62143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;925309 |
| **Diversified — 1.5%** | **Diversified — 1.5%** | **Diversified — 1.5%** |
| InvenTrust Properties Corp. | 38018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1158028 |
| Rithm Capital Corp. | 59693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;565890 |
| UMH Properties, Inc. | 27686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399509 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2123427** |
| **Healthcare — 0.5%** | **Healthcare — 0.5%** | **Healthcare — 0.5%** |
| Janus Living, Inc., Class A-1\* | 30942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;729303 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **Hotels & Resorts — 0.5%** | **Hotels & Resorts — 0.5%** | **Hotels & Resorts — 0.5%** |
| Ryman Hospitality Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7813 | &nbsp;&nbsp;&nbsp;&nbsp;$720905 |
| **Industrial — 1.3%** | **Industrial — 1.3%** | **Industrial — 1.3%** |
| Terreno Realty Corp. | &nbsp;&nbsp;30176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1853410 |
| **Mortgage Banks — 0.7%** | **Mortgage Banks — 0.7%** | **Mortgage Banks — 0.7%** |
| Ladder Capital Corp. | 95961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;937539 |
| **Office Property — 1.2%** | **Office Property — 1.2%** | **Office Property — 1.2%** |
| COPT Defense Properties | 54631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1671709 |
| **Single Tenant — 0.6%** | **Single Tenant — 0.6%** | **Single Tenant — 0.6%** |
| Four Corners Property Trust, Inc. | 33890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;801498 |
| **Storage & Warehousing — 0.4%** | **Storage & Warehousing — 0.4%** | **Storage & Warehousing — 0.4%** |
| Smartstop Self Storage REIT, Inc. | &nbsp;&nbsp;19001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;575350 |
| **Strip Centers — 0.5%** | **Strip Centers — 0.5%** | **Strip Centers — 0.5%** |
| Urban Edge Properties | &nbsp;&nbsp;34312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;685554 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS<br> (Cost $11,779,431)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**11024004** |

---

**SHORT-TERM INVESTMENTS — 0.2%**

---

| | | |
|:---|:---|:---|
| BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 3.546%)<br> **(Cost $322,238)** | 322238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**322238** |
| **TOTAL INVESTMENTS — 101.2%<br> (Cost $128,081,281)** |  | &nbsp;&nbsp;**$144300144** |
| **Other Assets & Liabilities — (1.2)%** | **Other Assets & Liabilities — (1.2)%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1676755)** |
| **TOTAL NET ASSETS — 100.0%** |  | &nbsp;&nbsp;**$142623389** |

---

------

† See Security Valuation Note in the most recent semi-annual or annual report. <br> \* Non-income producing security.

PLC— Public Limited Company. <br> REIT— Real Estate Investment Trust. <br> S.E.— Societas Europaea.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Penn Series Funds Inc

- **b. Investment Company Act file number:** 811-03459

- **c. CIK number of Registrant:** 0000702340

- **d. LEI of Registrant:** 549300GLJSCMRCVZWX45

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** Eight Tower Bridge

  - **City:** Conshohocken

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19428

  - **Telephone number:** 215-956-8114

**Item A.2. Information about the Series.**

- **a. Name of Series:** Penn Series Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000006736

- **c. LEI of Series:** E0OL9R5FEYCKFXTPRB77

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $144759600.33

**Total Liabilities:** $181034.06

**Net Assets:** $144578566.27

**Cash Not Reported:** $288358.01

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018299 | 6.33%                | 3.06%                | -5.03%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1719220.90              | $7431114.69                                |
| Month 2  | $1949018.10              | $2555170.19                                |
| Month 3  | $737725.44               | $-8742433.40                               |

### Schedule of Portfolio Investments

| Name                                           | Title                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| H B Fuller Company                             | H B Fuller Company COM                             | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |     18842 | NS      | $1162174.56   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                             | Chord Energy Corp. COM NEW                         | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     11059 | NS      | $1572368.62   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FLOWCO HOLDINGS INC                            | Flowco Holdings Inc. COM CL A                      | CUSIP: 342909108<br>LEI: 529900837MXVPIR9FZ68 | Long             | EC               | CORP              | US        |     19459 | NS      | $400855.40    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CG ONCOLOGY INC                                | CG Oncology Inc. COM                               | CUSIP: 156944100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4680 | NS      | $316742.40    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp                                    | Rogers Corp COM                                    | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |      5024 | NS      | $539225.92    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners                      | Perella Weinberg Partners CLASS A COM              | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     74147 | NS      | $1346509.52   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc                             | Kontoor Brands Inc COM                             | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |      9762 | NS      | $686170.98    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Bancorp Inc                             | Origin Bancorp Inc COM                             | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |     34922 | NS      | $1447866.12   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmarket Corporation                          | Newmarket Corporation COM                          | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |       798 | NS      | $511478.10    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corporation                              | Terex Corporation COM                              | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |     32924 | NS      | $1945808.40   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Inc                           | Kinetik Holdings Inc COM NEW CL A                  | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6598 | NS      | $319409.18    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corporation                            | Visteon Corporation COM NEW                        | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |      4648 | NS      | $423479.28    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Living Inc.                              | Janus Living Inc. CL A-1                           | CUSIP: 471024109<br>LEI: 2549003JCIOFKGHO7313 | Long             | EC               | CORP              | US        |     30942 | NS      | $729302.94    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                                    | Idacorp Inc COM                                    | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     10829 | NS      | $1548222.13   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc                        | Century Communities Inc COM                        | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |      7009 | NS      | $402176.42    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc.                           | Glacier Bancorp Inc. COM                           | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     42183 | NS      | $1884314.61   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corporation               | California Resources Corporation COM STOCK         | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     21183 | NS      | $1466287.26   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                                   | LivaNova PLC ORD GBP1.00 (DI)                      | CUSIP: 000000000<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | GB        |     16268 | NS      | $1033994.08   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corporation                            | Knowles Corporation COM                            | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |     30625 | NS      | $786450.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International Inc.                       | Enova International Inc. COM                       | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |      4440 | NS      | $603085.20    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Time Group Holdings Inc                   | Life Time Group Holdings Inc COMMON STOCK          | CUSIP: 53190C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13251 | NS      | $356981.94    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Co                      | Edgewell Personal Care Co COM                      | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |     29408 | NS      | $627566.72    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals, Inc                  | Supernus Pharmaceuticals, Inc COM                  | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |      8175 | NS      | $422565.75    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MAGNOLIA OIL & GAS CORP                        | Magnolia Oil & Gas Corporation CL A                | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56892 | NS      | $1796080.44   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                      | Taylor Morrison Home Corp COM                      | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     27696 | NS      | $1613015.04   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU RESOURCES GROUP INC                        | MDU Resources Group, Inc. COM                      | CUSIP: 552690109<br>LEI: 549300MA0UV6AI6SNV27 | Long             | EC               | CORP              | US        |     34251 | NS      | $709680.72    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Rock Resorts Inc                           | Red Rock Resorts Inc CL A                          | CUSIP: 75700L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6997 | NS      | $373359.92    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Protagonist Therapeutics Inc                   | Protagonist Therapeutics Inc COM                   | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3450 | NS      | $363630.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc.                                      | Moog Inc. CL A                                     | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |      2253 | NS      | $659317.92    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimas Corporation                             | Trimas Corporation COM NEW                         | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               | CORP              | US        |     11855 | NS      | $426068.70    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                          | Element Solutions Inc COM                          | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |     21855 | NS      | $746129.70    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources Inc.                    | Core Natural Resources Inc. COM SHS                | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |      5726 | NS      | $599683.98    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| DHT HOLDINGS INC                               | DHT Holdings Inc. COM USD0.01                      | CUSIP: 000000000<br>LEI: 549300SMD6IVZYT74K40 | Long             | EC               | CORP              | MH        |     35532 | NS      | $649169.64    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc                            | Krystal Biotech Inc COM                            | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |      1316 | NS      | $339949.12    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPRI HOLDINGS LTD                             | Capri Holdings Ltd. COM NPV                        | CUSIP: 000000000<br>LEI: 549300LPG8W0H1OX3A26 | Long             | EC               | CORP              | VG        |     34980 | NS      | $616347.60    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenon Pharmaceuticals Inc                      | Xenon Pharmaceuticals Inc COM                      | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | CA        |      7098 | NS      | $412748.70    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                                | Littelfuse Inc. COM                                | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |      3709 | NS      | $1258649.15   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Beacon Financial Corp.                         | Beacon Financial Corp. COM                         | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |     24255 | NS      | $727650.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc.                      | Axcelis Technologies Inc. COM NEW                  | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |      9157 | NS      | $852333.56    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NOBLE CORP PLC                                 | Noble Corporation PLC ORD SHS A                    | CUSIP: 000000000<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | GB        |     33316 | NS      | $1634816.12   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corporation                           | Ingevity Corporation COM                           | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |     15785 | NS      | $1124365.55   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                            | Churchill Downs Inc COM                            | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |      5782 | NS      | $519397.06    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Financial System Inc                 | Community Financial System Inc COM                 | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |     20445 | NS      | $1199099.25   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| JEFFERSON CAPITAL INC                          | Jefferson Capital Inc. COM                         | CUSIP: 47248R103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55060 | NS      | $1058803.80   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| NICOLET BANKSHARES INC                         | Nicolet Bankshares Inc. COM                        | CUSIP: 65406E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8660 | NS      | $1287049.20   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc.                         | ESCO Technologies Inc. COM                         | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |      3636 | NS      | $1023061.32   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Company                      | Commercial Metals Company COM                      | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     26090 | NS      | $1602708.70   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp                     | Standex International Corp COM                     | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |      4353 | NS      | $1109405.58   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                            | Mercury Systems Inc COM                            | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |     17200 | NS      | $1254052.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| APOGEE THERAPEUTICS INC                        | Apogee Therapeutics Inc. COM                       | CUSIP: 03770N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3249 | NS      | $273468.33    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials Inc.               | Solstice Advanced Materials Inc. COM SHS           | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |     14897 | NS      | $1134555.52   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| MINERALYS THERAPEUTICS INC                     | Mineralys Therapeutics Inc. COM                    | CUSIP: 603170101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6711 | NS      | $181800.99    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Asgn Incorporated                              | Asgn Incorporated COM                              | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |      9978 | NS      | $386248.38    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corporation                            | Semtech Corporation COM                            | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     12358 | NS      | $950206.62    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corporation               | Chesapeake Utilities Corporation COM               | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      7756 | NS      | $980125.72    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Forestar Group Inc.                            | Forestar Group Inc. COM                            | CUSIP: 346232101<br>LEI: 549300BC2UB0GHV60V70 | Long             | EC               | CORP              | US        |     31020 | NS      | $758128.80    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia Inc.                                    | Phinia Inc. COMMON STOCK                           | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |     20077 | NS      | $1374069.88   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                     | Southwest Gas Holdings Inc COM                     | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |     16396 | NS      | $1424812.40   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX TECHNOLOGIES INC                           | SPX Technologies, Inc. COM                         | CUSIP: 78473E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5569 | NS      | $1113465.86   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Ladder Capital Corporation                     | Ladder Capital Corporation CL A                    | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |     95961 | NS      | $937538.97    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corporation                        | Black Hills Corporation COM                        | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     16780 | NS      | $1164699.80   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc                  | Independence Realty Trust Inc COM                  | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |     62143 | NS      | $925309.27    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Second Bancorp Inc.                        | Old Second Bancorp Inc. COM                        | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               | CORP              | US        |     71176 | NS      | $1434908.16   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Technologies Inc                        | Helios Technologies Inc COM                        | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |     11980 | NS      | $775225.80    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| KODIAK GAS SERVICES INC                        | Kodiak Gas Services Inc. COM                       | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12378 | NS      | $721884.96    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TERRENO REALTY CORP                            | Terreno Realty Corporation COM                     | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30176 | NS      | $1853409.92   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings, Inc.                         | Amentum Holdings, Inc. COM                         | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |     30679 | NS      | $800108.32    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC       | Knight-Swift Transportation Holdings Inc. CL A     | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8258 | NS      | $475495.64    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                            | Meritage Homes Corp COM                            | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     20694 | NS      | $1279716.96   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                                 | PBF Energy Inc CL A                                | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |     19983 | NS      | $951590.46    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcbest Corporation                            | Arcbest Corporation COM                            | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |      5701 | NS      | $560750.36    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Immunovant Inc                                 | Immunovant Inc COM                                 | CUSIP: 45258J102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11413 | NS      | $283498.92    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp.                             | FB Financial Corp. COM                             | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |     22101 | NS      | $1147925.94   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| EXZEO GROUP INC                                | Exzeo Group Inc. COM SHS                           | CUSIP: 30234F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44089 | NS      | $646785.63    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corporation                              | Fluor Corporation COM                              | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |      8597 | NS      | $401050.05    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc.                        | Advance Auto Parts Inc. COM                        | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |      8893 | NS      | $469105.75    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp                 | Atlantic Union Bankshares Corp COM                 | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45884 | NS      | $1639894.16   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc.                                      | Dana Inc. COM                                      | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |     20225 | NS      | $680571.25    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products Inc                | Installed Building Products Inc COM                | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |      2056 | NS      | $545148.40    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Med Inc                                 | Globus Med Inc CL A                                | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |      8098 | NS      | $697723.68    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORP                           | Southstate Bank Corp. COM                          | CUSIP: 84472E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11619 | NS      | $1074989.88   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc                   | Bread Financial Holdings Inc COM                   | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     13783 | NS      | $1032208.87   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc.                                   | Polaris Inc. COM                                   | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |     11475 | NS      | $625387.50    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennymac Financial Services Inc                | Pennymac Financial Services Inc COM                | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |      9938 | NS      | $868581.20    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive, Inc.                       | Group 1 Automotive, Inc. COM                       | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      1071 | NS      | $354104.73    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                               | Cytokinetics Inc COM NEW                           | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     16527 | NS      | $1089294.57   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Dianthus Therapeutics Inc                      | Dianthus Therapeutics Inc COM                      | CUSIP: 252828108<br>LEI: 549300Z3N6ODPCOFC890 | Long             | EC               | CORP              | US        |      6875 | NS      | $576950.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                           | TTM Technologies Inc COM                           | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |     10337 | NS      | $1007030.54   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy Inc                                   | La-Z-Boy Inc COM                                   | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |     15228 | NS      | $489427.92    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group, Inc.                      | CNO Financial Group, Inc. COM                      | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |     23680 | NS      | $972300.80    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Group Inc          | Skyward Specialty Insurance Group Inc COM          | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |     15912 | NS      | $695036.16    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightView Holdings Inc.                       | BrightView Holdings Inc. COM                       | CUSIP: 10948C107<br>LEI: 549300F8QN8YHVI7L866 | Long             | EC               | CORP              | US        |     59775 | NS      | $704747.25    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc               | Prestige Consumer Healthcare Inc COM               | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6027 | NS      | $357220.29    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Formfactor Inc                                 | Formfactor Inc COM                                 | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |      9234 | NS      | $895605.66    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANCE LAUNDRY HOLDINGS INC                  | Alliance Laundry Holdings Inc. COM                 | CUSIP: 01862Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29073 | NS      | $602974.02    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGNET JEWELERS LTD                            | Signet Jewelers Limited COM STK USD0.18            | CUSIP: 000000000<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |      5486 | NS      | $464335.04    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                               | Coeur Mining Inc COM NEW                           | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |     23382 | NS      | $438880.14    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties Inc                             | UMH Properties Inc COM                             | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |     27686 | NS      | $399508.98    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc.                                      | DNOW Inc. COM                                      | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |     34676 | NS      | $412991.16    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc Of California Inc.                        | Banc Of California Inc. COM                        | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |     80777 | NS      | $1420059.66   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc.                     | Merit Medical Systems Inc. COM                     | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |      6000 | NS      | $413580.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                            | UMB Financial Corp. COM                            | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     18162 | NS      | $2048491.98   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc.                   | Columbia Banking System Inc. COM                   | CUSIP: 197236102<br>LEI: 254900CTRJTQZ3BJ2V17 | Long             | EC               | CORP              | US        |     38006 | NS      | $1042504.58   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International, Inc. | Charles River Laboratories International, Inc. COM | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |      2454 | NS      | $423315.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Gorman-Rupp Co                                 | Gorman-Rupp Co COM                                 | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |      5982 | NS      | $371661.66    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryerson Holding Corporation                    | Ryerson Holding Corporation COM                    | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |     17634 | NS      | $396412.32    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Incorporated                          | Ducommun Incorporated COM                          | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |      5581 | NS      | $680882.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Spectrum Brands Holdings Inc.                  | Spectrum Brands Holdings Inc. COM                  | CUSIP: 84790A105<br>LEI: 549300JM0MJETDD30O20 | Long             | EC               | CORP              | US        |      5955 | NS      | $438883.50    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                        | COPT Defense Properties SHS BEN INT                | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |     54631 | NS      | $1671708.60   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Capital Corp.                            | Rithm Capital Corp. COM NEW                        | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |     59693 | NS      | $565889.64    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                             | Liberty Energy Inc COM CL A                        | CUSIP: 53115L104<br>LEI: 254900PKFJW6RILDCM60 | Long             | EC               | CORP              | US        |     31087 | NS      | $895305.60    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolution Medicines Inc                       | Revolution Medicines Inc COM                       | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |      7322 | NS      | $712064.50    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp                                   | Griffon Corp COM                                   | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |      7167 | NS      | $520897.56    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp.                       | Valley National Bancorp. COM                       | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |    140610 | NS      | $1726690.80   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                     | Arcosa Inc COM                                     | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     12942 | NS      | $1373663.88   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Skywest Inc                                    | Skywest Inc COM                                    | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |      6434 | NS      | $590834.22    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group Plc                                | Marex Group Plc ORD                                | CUSIP: 000000000<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |     17395 | NS      | $775469.10    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Company, Inc.                | Acadia Healthcare Company, Inc. COM                | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |     18365 | NS      | $429557.35    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                      | BlackRock Liquidity Funds FEDFUND INSTL            | CUSIP: 09248U700<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |     33953 | NS      | $33952.84     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Praxis Precision Medicines Inc                 | Praxis Precision Medicines Inc COM NEW             | CUSIP: 74006W207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1863 | NS      | $600239.97    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMUS FILTRATION TECHNOLOGIES INC              | Atmus Filtration Technologies Inc. COM             | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12114 | NS      | $687711.78    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust Inc.               | Four Corners Property Trust Inc. COM               | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |     33890 | NS      | $801498.50    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas, Inc.                                  | ONE Gas, Inc. COM                                  | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     15461 | NS      | $1331655.93   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                      | Spire Inc COM                                      | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     15591 | NS      | $1411609.14   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                               | NMI Holdings Inc COM                               | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |     26985 | NS      | $1012207.35   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Scorpio Tankers Inc                            | Scorpio Tankers Inc COM USD0.01(POST REV SPLIT)    | CUSIP: 000000000<br>LEI: 549300NVJUH16NXG8K87 | Long             | EC               | CORP              | MH        |     12628 | NS      | $942806.48    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTPOWER INC                                  | Nextpower Inc. CLASS A COM                         | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5489 | NS      | $661698.95    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies Inc                        | Mirion Technologies Inc COM CL A                   | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |     34248 | NS      | $636670.32    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Companies                        | Piper Sandler Companies COM NEW                    | CUSIP: 724078209<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |     13492 | NS      | $1032812.60   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| HCI Group, Inc.                                | HCI Group, Inc. COM                                | CUSIP: 40416E103<br>LEI: 549300CZF7EZJH0MPH74 | Long             | EC               | CORP              | US        |      4147 | NS      | $641167.67    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                                | Alamo Group Inc COM                                | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |      3428 | NS      | $565517.16    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Construction Inc                       | Granite Construction Inc COM                       | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |      9044 | NS      | $1084194.72   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellium SE                                 | Constellium SE CL A SHS                            | CUSIP: 000000000<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |     24762 | NS      | $608649.96    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                       | Allegro MicroSystems Inc COM                       | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22223 | NS      | $700691.19    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Connectone Bancorp Inc.                        | Connectone Bancorp Inc. COM                        | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |     43558 | NS      | $1166047.66   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastalsouth Bancshares Inc                    | Coastalsouth Bancshares Inc COM NEW                | CUSIP: 19058X207<br>LEI: 5493006BUH6IGMGU0H14 | Long             | EC               | CORP              | US        |     17910 | NS      | $440406.90    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                               | Boise Cascade Co COM                               | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |      5552 | NS      | $421119.20    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc               | Ryman Hospitality Properties Inc COM               | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |      7813 | NS      | $720905.51    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SmartStop Self Storage REIT Inc                | SmartStop Self Storage REIT Inc COMMON STOCK       | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               | CORP              | US        |     19001 | NS      | $575350.28    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ABACUS GLOBAL MANAGEMENT INC                   | Abacus Global Management Inc. CL A                 | CUSIP: 00258Y104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27382 | NS      | $215770.16    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Incorporated            | Ligand Pharmaceuticals Incorporated COM NEW        | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |      3386 | NS      | $676014.90    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters Inc.                          | Urban Outfitters Inc. COM                          | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |      8731 | NS      | $553108.85    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Seadrill Ltd.                                  | Seadrill Ltd. COM USD0.01                          | CUSIP: 000000000<br>LEI: 213800EQ6L456U2JCO89 | Long             | EC               | CORP              | BM        |     26205 | NS      | $1192327.50   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACK ROCK COFFEE BAR INC                      | Black Rock Coffee Bar Inc. CL A                    | CUSIP: 092244102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11462 | NS      | $148089.04    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corporation                      | CNX Resources Corporation COM                      | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |     28829 | NS      | $1111357.95   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                      | Gates Industrial Corp PLC COM USD0.01              | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |     50013 | NS      | $1130793.93   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                                       | Cohu Inc COM                                       | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     22627 | NS      | $692838.74    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecovyst Inc                                    | Ecovyst Inc COM                                    | CUSIP: 27923Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34382 | NS      | $442152.52    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESH DEL MONTE PRODUCE INC                    | Fresh Del Monte Produce Inc. COM USD0.01           | CUSIP: 000000000<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               | CORP              | KY        |     13385 | NS      | $538880.10    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International, Inc.                | Oceaneering International, Inc. COM                | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |     12724 | NS      | $451320.28    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesbanco Inc                                   | Wesbanco Inc COM                                   | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44128 | NS      | $1521974.72   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| 10X Genomics Inc                               | 10X Genomics Inc CL A COM                          | CUSIP: 88025U109<br>LEI: 5493003Z6741WNLG7H43 | Long             | EC               | CORP              | US        |     23258 | NS      | $493767.34    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Inventrust Properties Corporation              | Inventrust Properties Corporation COM NEW          | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |     38018 | NS      | $1158028.28   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc.                           | Onto Innovation Inc. COM                           | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |      4550 | NS      | $933068.50    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings Inc                       | Ultra Clean Holdings Inc COM                       | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |     11049 | NS      | $687026.82    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Slide Insurance Holdings Inc.                  | Slide Insurance Holdings Inc. COM                  | CUSIP: 831349105<br>LEI: 2549004LDWZTPC69SX47 | Long             | EC               | CORP              | US        |     36489 | NS      | $656802.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| DEFINIUM THERAPEUTICS INC                      | Definium Therapeutics Inc. COM SHS                 | CUSIP: 24477V105<br>LEI: 549300QY8KN1O6RPFJ13 | Long             | EC               | CORP              | CA        |     16629 | NS      | $314288.10    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                                   | Alkermes PLC COM USD0.01                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     15213 | NS      | $537931.68    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp.                                 | Renasant Corp. COM                                 | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |     51274 | NS      | $1852529.62   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc.                        | Digi International Inc. COM                        | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     10724 | NS      | $516896.80    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTURI HOLDINGS INC                           | Centuri Holdings Inc. COM SHS                      | CUSIP: 155923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40418 | NS      | $1180609.78   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                          | Urban Edge Properties COM                          | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34312 | NS      | $685553.76    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining Inc                                 | SSR Mining Inc COM                                 | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | CA        |     27289 | NS      | $802296.60    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BEL Fuse Inc                                   | BEL Fuse Inc CL B                                  | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |      1812 | NS      | $358739.76    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Greif, Inc.                                    | Greif, Inc. CL A                                   | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |     12166 | NS      | $815973.62    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Steel Inc.                         | Worthington Steel Inc. COM SHS                     | CUSIP: 982104101<br>LEI: 2549009ZUUWL3QLK6G24 | Long             | EC               | CORP              | US        |     15695 | NS      | $476343.25    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE ENERGY INC                                 | MGE Energy Inc. COM                                | CUSIP: 55277P104<br>LEI: 549300BYWGHSXX2TEO67 | Long             | EC               | CORP              | US        |      6064 | NS      | $468686.56    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc.                        | Patrick Industries Inc. COM                        | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |      8934 | NS      | $992299.38    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corporation                    | First Merchants Corporation COM                    | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |     37825 | NS      | $1464962.25   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports and Outdoors Inc                | Academy Sports and Outdoors Inc COM                | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |     12281 | NS      | $693262.45    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterBrand Inc                                | MasterBrand Inc COMMON STOCK                       | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |     37326 | NS      | $310179.06    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corporation Of Florida        | Seacoast Banking Corporation Of Florida COM NEW    | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |     47467 | NS      | $1437775.43   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| LUMEXA IMAGING HOLDINGS INC                    | Lumexa Imaging Holdings Inc. COM                   | CUSIP: 550249106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39156 | NS      | $336741.60    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X Inc                                        | V2X Inc COM                                        | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9376 | NS      | $642256.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                      | Halozyme Therapeutics Inc COM                      | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     10256 | NS      | $662845.28    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-21

**Name of Applicant:** Penn Series Funds Inc

**Signature:** Steven Viola

**Name of Signer:** Steven Viola

**Title:** Treasurer