# EDGAR Filing Document

**Accession Number:** 0000702340
**File Stem:** 0000940400-25-009790
**Filing Date:** 2025-11
**Character Count:** 37985
**Document Hash:** f2ee115b430e8a95d1b716e78fa9dc43
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009790.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009790

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**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:** 251513149

**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

### Large Core Value Fund (Series ID: S000022086)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000063377 | Large Core Value Fund |  |

## Nport-Ex

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

#### Schedule of Investments — September 30, 2025 (Unaudited)<br>

#### Large Core Value Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — 97.1%** | **COMMON STOCKS — 97.1%** | **COMMON STOCKS — 97.1%** |
| **Banks — 8.4%** | **Banks — 8.4%** | **Banks — 8.4%** |
| Bank of America Corp. | &nbsp;&nbsp;94212 | &nbsp;&nbsp;$4860397 |
| Huntington Bancshares, Inc. | 88010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1519933 |
| The Goldman Sachs Group, Inc. | &nbsp;&nbsp;&nbsp;1949 | &nbsp;&nbsp;&nbsp;&nbsp;1552086 |
| Wells Fargo & Co. | 34467 | &nbsp;&nbsp;&nbsp;&nbsp;2889024 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;10821440 |
| **Biotechnology — 0.8%** | **Biotechnology — 0.8%** | **Biotechnology — 0.8%** |
| Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp;9543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1059273 |
| **Building Materials — 1.7%** | **Building Materials — 1.7%** | **Building Materials — 1.7%** |
| Johnson Controls International PLC | &nbsp;&nbsp;19634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2158758 |
| **Chemicals — 1.8%** | **Chemicals — 1.8%** | **Chemicals — 1.8%** |
| Linde PLC | &nbsp;&nbsp;&nbsp;4996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2373100 |
| **Commercial Services — 1.5%** | **Commercial Services — 1.5%** | **Commercial Services — 1.5%** |
| Robert Half, Inc. | 56698 | &nbsp;&nbsp;&nbsp;&nbsp;1926598 |
| **Distribution & Wholesale — 0.7%** | **Distribution & Wholesale — 0.7%** | **Distribution & Wholesale — 0.7%** |
| Pool Corp. | &nbsp;&nbsp;&nbsp;2974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;922148 |
| **Diversified Financial Services — 4.4%** | **Diversified Financial Services — 4.4%** | **Diversified Financial Services — 4.4%** |
| Cboe Global Markets, Inc. | &nbsp;&nbsp;&nbsp;7265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1781741 |
| The Charles Schwab Corp. | &nbsp;&nbsp;34572 | &nbsp;&nbsp;&nbsp;&nbsp;3300589 |
| Tradeweb Markets, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;5311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;589415 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5671745 |
| **Electric — 5.6%** | **Electric — 5.6%** | **Electric — 5.6%** |
| CMS Energy Corp. | &nbsp;&nbsp;17909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1312013 |
| Duke Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;9112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1127610 |
| NextEra Energy, Inc. | 36675 | &nbsp;&nbsp;&nbsp;&nbsp;2768596 |
| NRG Energy, Inc. | &nbsp;&nbsp;&nbsp;6224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1007977 |
| Sempra | &nbsp;&nbsp;10526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;947129 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7163325 |
| **Electrical Components & Equipment — 1.7%** | **Electrical Components & Equipment — 1.7%** | **Electrical Components & Equipment — 1.7%** |
| Emerson Electric Co. | &nbsp;&nbsp;16231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2129183 |
| **Electronics — 1.3%** | **Electronics — 1.3%** | **Electronics — 1.3%** |
| Mettler-Toledo International, Inc.\* | &nbsp;&nbsp;&nbsp;1402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1721109 |
| **Food — 3.2%** | **Food — 3.2%** | **Food — 3.2%** |
| The Hershey Co. | &nbsp;&nbsp;&nbsp;&nbsp;8119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1518659 |
| The J.M. Smucker Co. | &nbsp;&nbsp;&nbsp;6437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;699058 |
| US Foods Holding Corp.\* | 24784 | &nbsp;&nbsp;&nbsp;&nbsp;1898950 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4116667 |
| **Healthcare Products — 4.3%** | **Healthcare Products — 4.3%** | **Healthcare Products — 4.3%** |
| Abbott Laboratories | 25802 | &nbsp;&nbsp;&nbsp;&nbsp;3455920 |
| Boston Scientific Corp.\* | &nbsp;&nbsp;21074 | &nbsp;&nbsp;&nbsp;&nbsp;2057455 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5513375 |
| **Healthcare Services — 1.1%** | **Healthcare Services — 1.1%** | **Healthcare Services — 1.1%** |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp;4096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1414349 |
| **Home Builders — 1.2%** | **Home Builders — 1.2%** | **Home Builders — 1.2%** |
| Meritage Homes Corp. | 21009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1521682 |
| **Household Products & Wares — 2.1%** | **Household Products & Wares — 2.1%** | **Household Products & Wares — 2.1%** |
| Avery Dennison Corp. | &nbsp;&nbsp;&nbsp;3909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633923 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **Household Products & Wares — (continued)** | **Household Products & Wares — (continued)** | **Household Products & Wares — (continued)** |
| The Clorox Co. | &nbsp;&nbsp;16370 | &nbsp;&nbsp;$2018421 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2652344 |
| **Insurance — 8.8%** | **Insurance — 8.8%** | **Insurance — 8.8%** |
| American International Group, Inc. | &nbsp;&nbsp;37386 | &nbsp;&nbsp;&nbsp;&nbsp;2936297 |
| Prudential PLC, ADR | 66480 | &nbsp;&nbsp;&nbsp;&nbsp;1860775 |
| Reinsurance Group of America, Inc. | &nbsp;&nbsp;14672 | &nbsp;&nbsp;&nbsp;&nbsp;2818931 |
| Ryan Specialty Holdings, Inc. | &nbsp;&nbsp;38051 | &nbsp;&nbsp;&nbsp;&nbsp;2144554 |
| The Travelers Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5621 | &nbsp;&nbsp;&nbsp;&nbsp;1569496 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;11330053 |
| **Internet — 7.7%** | **Internet — 7.7%** | **Internet — 7.7%** |
| Alphabet, Inc., Class A | &nbsp;&nbsp;10021 | &nbsp;&nbsp;&nbsp;&nbsp;2436105 |
| Amazon.com, Inc.\* | 20349 | &nbsp;&nbsp;&nbsp;&nbsp;4468030 |
| Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;4193 | &nbsp;&nbsp;&nbsp;&nbsp;3079255 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;9983390 |
| **Iron & Steel — 1.4%** | **Iron & Steel — 1.4%** | **Iron & Steel — 1.4%** |
| Steel Dynamics, Inc. | &nbsp;&nbsp;13279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1851491 |
| **Machinery — Diversified — 2.1%** | **Machinery — Diversified — 2.1%** | **Machinery — Diversified — 2.1%** |
| Ingersoll Rand, Inc. | &nbsp;&nbsp;10303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;851234 |
| The Toro Co. | &nbsp;&nbsp;12502 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;952653 |
| Westinghouse Air Brake Technologies Corp. | &nbsp;&nbsp;&nbsp;4424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;886879 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2690766 |
| **Media — 2.0%** | **Media — 2.0%** | **Media — 2.0%** |
| The Walt Disney Co. | &nbsp;&nbsp;22871 | &nbsp;&nbsp;&nbsp;&nbsp;2618730 |
| **Mining — 0.8%** | **Mining — 0.8%** | **Mining — 0.8%** |
| Alcoa Corp. | &nbsp;&nbsp;32955 | &nbsp;&nbsp;&nbsp;&nbsp;1083890 |
| **Miscellaneous Manufacturing — 1.7%** | **Miscellaneous Manufacturing — 1.7%** | **Miscellaneous Manufacturing — 1.7%** |
| 3M Co. | &nbsp;&nbsp;13773 | &nbsp;&nbsp;&nbsp;&nbsp;2137294 |
| **Oil & Gas — 4.7%** | **Oil & Gas — 4.7%** | **Oil & Gas — 4.7%** |
| EQT Corp. | &nbsp;&nbsp;42307 | &nbsp;&nbsp;&nbsp;&nbsp;2302770 |
| Exxon Mobil Corp. | &nbsp;&nbsp;33372 | &nbsp;&nbsp;&nbsp;&nbsp;3762693 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6065463 |
| **Oil & Gas Services — 1.1%** | **Oil & Gas Services — 1.1%** | **Oil & Gas Services — 1.1%** |
| Baker Hughes Co. | 27990 | &nbsp;&nbsp;&nbsp;&nbsp;1363673 |
| **Packaging and Containers — 1.4%** | **Packaging and Containers — 1.4%** | **Packaging and Containers — 1.4%** |
| Ball Corp. | &nbsp;&nbsp;35951 | &nbsp;&nbsp;&nbsp;&nbsp;1812649 |
| **Pharmaceuticals — 6.1%** | **Pharmaceuticals — 6.1%** | **Pharmaceuticals — 6.1%** |
| AbbVie, Inc. | &nbsp;&nbsp;&nbsp;8234 | &nbsp;&nbsp;&nbsp;&nbsp;1906500 |
| Bristol-Myers Squibb Co. | &nbsp;&nbsp;41406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1867411 |
| McKesson Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;790308 |
| Neurocrine Biosciences, Inc.\* | &nbsp;&nbsp;14382 | &nbsp;&nbsp;&nbsp;&nbsp;2018945 |
| Zoetis, Inc. | &nbsp;&nbsp;&nbsp;8939 | &nbsp;&nbsp;&nbsp;&nbsp;1307955 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7891119 |
| **Pipelines — 1.1%** | **Pipelines — 1.1%** | **Pipelines — 1.1%** |
| The Williams Cos., Inc. | 22786 | &nbsp;&nbsp;&nbsp;&nbsp;1443493 |
| **Retail — 4.8%** | **Retail — 4.8%** | **Retail — 4.8%** |
| BJ's Wholesale Club Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;18116 | &nbsp;&nbsp;&nbsp;&nbsp;1689317 |
| Lowe's Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8178 | &nbsp;&nbsp;&nbsp;&nbsp;2055213 |

---

------

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

#### Schedule of Investments — September 30, 2025 (Unaudited)<br>

#### Large Core Value Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** |
| **Retail — (continued)** | **Retail — (continued)** | **Retail — (continued)** |
| McDonald's Corp. | &nbsp;&nbsp;&nbsp;8072 | &nbsp;&nbsp;&nbsp;&nbsp;$2453000 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6197530 |
| **Semiconductors — 3.9%** | **Semiconductors — 3.9%** | **Semiconductors — 3.9%** |
| Intel Corp.\* | 70040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2349842 |
| Micron Technology, Inc. | &nbsp;&nbsp;12145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2032101 |
| ON Semiconductor Corp.\* | &nbsp;&nbsp;13326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;657105 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5039048 |
| **Shipbuilding — 0.9%** | **Shipbuilding — 0.9%** | **Shipbuilding — 0.9%** |
| Huntington Ingalls Industries, Inc. | &nbsp;&nbsp;&nbsp;3900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1122849 |
| **Software — 2.2%** | **Software — 2.2%** | **Software — 2.2%** |
| Nice Ltd., ADR\* | &nbsp;&nbsp;&nbsp;6534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;945993 |
| Salesforce, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1938423 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2884416 |
| **Telecommunications — 2.1%** | **Telecommunications — 2.1%** | **Telecommunications — 2.1%** |
| Cisco Systems, Inc. | 39243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2685006 |
| **Toys, Games & Hobbies — 0.7%** | **Toys, Games & Hobbies — 0.7%** | **Toys, Games & Hobbies — 0.7%** |
| Hasbro, Inc. | &nbsp;&nbsp;11557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;876598 |
| **Transportation — 3.8%** | **Transportation — 3.8%** | **Transportation — 3.8%** |
| CSX Corp. | &nbsp;&nbsp;82199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2918887 |
| United Parcel Service, Inc., Class B | 24499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2046401 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4965288 |
| **TOTAL COMMON STOCKS<br> (Cost $111,205,254)** | **TOTAL COMMON STOCKS<br> (Cost $111,205,254)** | &nbsp;&nbsp;&nbsp;**125207842** |
| **REAL ESTATE INVESTMENT TRUSTS — 1.9%** | **REAL ESTATE INVESTMENT TRUSTS — 1.9%** | **REAL ESTATE INVESTMENT TRUSTS — 1.9%** |
| **Industrial — 1.4%** | **Industrial — 1.4%** | **Industrial — 1.4%** |
| First Industrial Realty Trust, Inc. | &nbsp;&nbsp;35635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1834134 |
| **Storage & Warehousing — 0.5%** | **Storage & Warehousing — 0.5%** | **Storage & Warehousing — 0.5%** |
| CubeSmart | &nbsp;&nbsp;16358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665116 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS<br> (Cost $2,498,480)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2499250** |

---

**SHORT-TERM INVESTMENTS — 2.0%**

---

| | | |
|:---|:---|:---|
| BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 4.027%)<br> **(Cost $2,520,268)** | 2520268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2520268** |
| **TOTAL INVESTMENTS — 101.0%<br> (Cost $116,224,002)** |  | &nbsp;&nbsp;**$130227360** |
| **Other Assets & Liabilities — (1.0)%** | **Other Assets & Liabilities — (1.0)%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1278341)** |
| **TOTAL NET ASSETS — 100.0%** |  | &nbsp;&nbsp;**$128949019** |

---

------

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

ADR— American Depositary Receipt. <br> PLC— Public Limited Company.

## 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 Large Core Value Fund

- **b. EDGAR series identifier (if any):** S000022086

- **c. LEI of Series:** 4FKXVT5S9CTYOK78N347

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $129068059.39

**Total Liabilities:** $225025.67

**Net Assets:** $128843033.72

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063377 | 0.14%                | 1.62%                | 1.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $442809.99               | $-357986.09                                |
| Month 2  | $1336348.53              | $487708.21                                 |
| Month 3  | $1148781.15              | $515805.38                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First Industrial Realty Trust  | First Industrial Realty Trust Inc        | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35266 | NS      | $1815141.02   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp           | Bank of America Corp                     | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     93238 | NS      | $4810148.42   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                       | CSX Corp                                 | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     81348 | NS      | $2888667.48   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                         | Sempra                                   | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     10438 | NS      | $939211.24    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                | Baker Hughes Co                          | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27699 | NS      | $1349495.28   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH   | Huntington Bancshares Inc/OH             | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |     87273 | NS      | $1507204.71   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                 | Lowe's Cos Inc                           | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      8092 | NS      | $2033600.52   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co            | Emerson Electric Co                      | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     16062 | NS      | $2107013.16   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                 | NRG Energy Inc                           | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      6173 | NS      | $999717.35    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                      | Linde PLC                                | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | US        |      4946 | NS      | $2349350.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp          | US Foods Holding Corp                    | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     24528 | NS      | $1879335.36   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings I | BJ's Wholesale Club Holdings Inc         | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     17929 | NS      | $1671879.25   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                       | EQT Corp                                 | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     41869 | NS      | $2278929.67   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                               | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      8149 | NS      | $1886819.46   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                  | McKesson Corp                            | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      1012 | NS      | $781810.48    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc      | United Parcel Service Inc                | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     24244 | NS      | $2025101.32   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories            | Abbott Laboratories                      | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     25535 | NS      | $3420157.90   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half Inc                | Robert Half Inc                          | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |     56112 | NS      | $1906685.76   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                | CMS Energy Corp                          | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     17725 | NS      | $1298533.50   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| J M Smucker Co/The             | J M Smucker Co/The                       | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |      6369 | NS      | $691673.40    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc     | Neurocrine Biosciences Inc               | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |     14235 | NS      | $1998309.30   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc           | Tradeweb Markets Inc                     | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5256 | NS      | $583310.88    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc             | Ingersoll Rand Inc                       | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     10196 | NS      | $842393.52    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc        | Cboe Global Markets Inc                  | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      7205 | NS      | $1767026.25   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co               | Wells Fargo & Co                         | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     34181 | NS      | $2865051.42   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                 | Hershey Co/The                           | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      8036 | NS      | $1503133.80   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                       | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     36294 | NS      | $2739834.06   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                     | Hasbro Inc                               | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     11438 | NS      | $867572.30    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                      | Ball Corp                                | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |     35578 | NS      | $1793842.76   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                          | 3M Co                                    | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     13628 | NS      | $2114793.04   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The          | Travelers Cos Inc/The                    | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      5574 | NS      | $1556372.28   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The                  | Clorox Co/The                            | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |     16201 | NS      | $1997583.30   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                | McDonald's Corp                          | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      7988 | NS      | $2427473.32   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                     | Intel Corp                               | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     69314 | NS      | $2325484.70   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential PLC                 | Prudential PLC                           | CUSIP: 74435K204<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | HK        |     65725 | NS      | $1839642.75   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp               | Duke Energy Corp                         | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      9018 | NS      | $1115977.50   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International | Johnson Controls International plc       | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |     19429 | NS      | $2136218.55   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America I | Reinsurance Group of America Inc         | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     14521 | NS      | $2789919.73   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                      | Pool Corp                                | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      2942 | NS      | $912225.94    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                 | Salesforce Inc                           | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      8094 | NS      | $1918278.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The    | Goldman Sachs Group Inc/The              | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      1928 | NS      | $1535362.80   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The        | Charles Schwab Corp/The                  | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     34315 | NS      | $3276053.05   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp                         | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     33027 | NS      | $3723794.25   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp          | ON Semiconductor Corp                    | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     13189 | NS      | $650349.59    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co        | Bristol-Myers Squibb Co                  | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     40978 | NS      | $1848107.80   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc          | Micron Technology Inc                    | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     12054 | NS      | $2016875.28   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp            | Meritage Homes Corp                      | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     20791 | NS      | $1505892.13   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technol | Westinghouse Air Brake Technologies Corp | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      4377 | NS      | $877457.19    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                     | Zoetis Inc                               | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      8846 | NS      | $1294346.72   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Ltd                       | Nice Ltd                                 | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |      6466 | NS      | $936147.48    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries  | Huntington Ingalls Industries Inc        | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      3860 | NS      | $1111332.60   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      4150 | NS      | $3047677.00   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc              | Cisco Systems Inc                        | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     38837 | NS      | $2657227.54   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                      | CubeSmart                                | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16189 | NS      | $658244.74    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc             | Steel Dynamics Inc                       | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     13142 | NS      | $1832389.06   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                     | Alcoa Corp                               | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |     32614 | NS      | $1072674.46   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      9917 | NS      | $2410822.70   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The           | Williams Cos Inc/The                     | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     22549 | NS      | $1428479.15   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                           | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     20137 | NS      | $4421481.09   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group I | American International Group Inc         | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     36999 | NS      | $2905901.46   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc    | Ryan Specialty Holdings Inc              | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37657 | NS      | $2122348.52   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp            | Avery Dennison Corp                      | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |      3869 | NS      | $627435.73    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The             | Walt Disney Co/The                       | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     22670 | NS      | $2595715.00   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      4056 | NS      | $1400536.80   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund    | BlackRock Liquidity FedFund              | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |   2570358 | NS      | $2570357.94   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International I | Mettler-Toledo International Inc         | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |      1388 | NS      | $1703922.68   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp         | Boston Scientific Corp                   | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     20855 | NS      | $2036073.65   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc            | Gilead Sciences Inc                      | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      9445 | NS      | $1048395.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                    | Toro Co/The                              | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |     12373 | NS      | $942822.60    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

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

**Signature:** Steven Viola

**Name of Signer:** Steven Viola

**Title:** Treasurer