# EDGAR Filing Document

**Accession Number:** 0000702340
**File Stem:** 0000940400-26-020254
**Filing Date:** 2026-5
**Character Count:** 53149
**Document Hash:** 56f02198ba7cd2dd0fa5970a2633f4eb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020254.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000940400-26-020254

**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:** 261007345

**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

### Smid Cap Value Fund (Series ID: S000022080)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000063371 | Smid Cap Value Fund |  |

## Nport-Ex

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

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

#### SMID Cap Value Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — 93.6%** | **COMMON STOCKS — 93.6%** | **COMMON STOCKS — 93.6%** |
| **Aerospace & Defense — 1.1%** | **Aerospace & Defense — 1.1%** | **Aerospace & Defense — 1.1%** |
| Hexcel Corp. | &nbsp;&nbsp;&nbsp;5695 | &nbsp;&nbsp;&nbsp;$460896 |
| **Auto Parts & Equipment — 1.7%** | **Auto Parts & Equipment — 1.7%** | **Auto Parts & Equipment — 1.7%** |
| BorgWarner, Inc. | &nbsp;&nbsp;13159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;714007 |
| **Banks — 8.1%** | **Banks — 8.1%** | **Banks — 8.1%** |
| First Bancorp | 14670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313351 |
| First Citizens BancShares, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;563513 |
| First Hawaiian, Inc. | &nbsp;&nbsp;&nbsp;7703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189802 |
| Flagstar Bank NA | 28263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372224 |
| Independent Bank Corp. | &nbsp;&nbsp;&nbsp;5504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413956 |
| Texas Capital Bancshares, Inc.\* | &nbsp;&nbsp;&nbsp;5003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474685 |
| UMB Financial Corp. | &nbsp;&nbsp;&nbsp;4415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;497968 |
| Walker & Dunlop, Inc. | &nbsp;&nbsp;&nbsp;5451 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241915 |
| Wintrust Financial Corp. | &nbsp;&nbsp;&nbsp;2732 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379584 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3446998 |
| **Building Materials — 2.3%** | **Building Materials — 2.3%** | **Building Materials — 2.3%** |
| Boise Cascade Co. | &nbsp;&nbsp;&nbsp;5587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;423774 |
| Eagle Materials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186229 |
| Gibraltar Industries, Inc.\* | &nbsp;&nbsp;&nbsp;9587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;382234 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;992237 |
| **Chemicals — 2.1%** | **Chemicals — 2.1%** | **Chemicals — 2.1%** |
| Element Solutions, Inc. | &nbsp;&nbsp;11324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386601 |
| RPM International, Inc. | &nbsp;&nbsp;&nbsp;5019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498889 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;885490 |
| **Commercial Services — 5.5%** | **Commercial Services — 5.5%** | **Commercial Services — 5.5%** |
| ADT, Inc. | 63847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;419475 |
| CBIZ, Inc.\* | &nbsp;&nbsp;&nbsp;3870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103910 |
| First Advantage Corp.\* | &nbsp;&nbsp;35161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413493 |
| Laureate Education, Inc.\* | 15927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;554897 |
| Robert Half, Inc. | 16933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430098 |
| WillScot Holdings Corp. | 24972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433514 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2355387 |
| **Computers — 3.2%** | **Computers — 3.2%** | **Computers — 3.2%** |
| CACI International, Inc., Class A\* | &nbsp;&nbsp;&nbsp;1026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558011 |
| Crane NXT Co. | &nbsp;&nbsp;11868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481722 |
| Globant S.A.\* | &nbsp;&nbsp;&nbsp;6282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;289663 |
| NCR Atleos Corp.\* | &nbsp;&nbsp;&nbsp;&nbsp;943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41096 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1370492 |
| **Distribution & Wholesale — 1.0%** | **Distribution & Wholesale — 1.0%** | **Distribution & Wholesale — 1.0%** |
| Core & Main, Inc., Class A\* | &nbsp;&nbsp;&nbsp;8518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420789 |
| **Diversified Financial Services — 2.8%** | **Diversified Financial Services — 2.8%** | **Diversified Financial Services — 2.8%** |
| Cboe Global Markets, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175669 |
| Invesco Ltd. | 24190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587575 |
| Stifel Financial Corp. | &nbsp;&nbsp;5908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436719 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1199963 |
| **Electric — 1.8%** | **Electric — 1.8%** | **Electric — 1.8%** |
| IDACORP, Inc. | &nbsp;&nbsp;&nbsp;5326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;761458 |
| **Electrical Components & Equipment — 1.0%** | **Electrical Components & Equipment — 1.0%** | **Electrical Components & Equipment — 1.0%** |
| Universal Display Corp. | &nbsp;&nbsp;4658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;426952 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **Electronics — 3.9%** | **Electronics — 3.9%** | **Electronics — 3.9%** |
| Avnet, Inc. | &nbsp;&nbsp;9349 | &nbsp;&nbsp;&nbsp;$576085 |
| Plexus Corp.\* | &nbsp;&nbsp;2599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526402 |
| TD SYNNEX Corp. | &nbsp;&nbsp;3477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;586605 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1689092 |
| **Engineering & Construction — 1.0%** | **Engineering & Construction — 1.0%** | **Engineering & Construction — 1.0%** |
| Cardinal Infrastructure Group, Inc., Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3371 |
| Frontdoor, Inc.\* | &nbsp;&nbsp;&nbsp;8156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;431126 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;434497 |
| **Environmental Control — 0.8%** | **Environmental Control — 0.8%** | **Environmental Control — 0.8%** |
| Pentair PLC | &nbsp;&nbsp;4050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352796 |
| **Food — 1.6%** | **Food — 1.6%** | **Food — 1.6%** |
| US Foods Holding Corp.\* | &nbsp;&nbsp;7675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;707712 |
| **Gas — 2.0%** | **Gas — 2.0%** | **Gas — 2.0%** |
| Chesapeake Utilities Corp. | &nbsp;&nbsp;&nbsp;3163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399708 |
| ONE Gas, Inc. | &nbsp;&nbsp;5538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;476988 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;876696 |
| **Healthcare Products — 5.0%** | **Healthcare Products — 5.0%** | **Healthcare Products — 5.0%** |
| Bio-Techne Corp. | &nbsp;&nbsp;9448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;493753 |
| Envista Holdings Corp.\* | 21352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;541700 |
| Globus Medical, Inc., Class A\* | &nbsp;&nbsp;7368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;634827 |
| Integer Holdings Corp.\* | &nbsp;&nbsp;5552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488576 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2158856 |
| **Healthcare Services — 3.3%** | **Healthcare Services — 3.3%** | **Healthcare Services — 3.3%** |
| Encompass Health Corp. | &nbsp;&nbsp;3980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384986 |
| ICON PLC\* | &nbsp;&nbsp;&nbsp;3271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361969 |
| Tenet Healthcare Corp.\* | &nbsp;&nbsp;3454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;651804 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1398759 |
| **Home Builders — 0.7%** | **Home Builders — 0.7%** | **Home Builders — 0.7%** |
| Taylor Morrison Home Corp.\* | &nbsp;&nbsp;4906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285725 |
| **Household Products & Wares — 0.9%** | **Household Products & Wares — 0.9%** | **Household Products & Wares — 0.9%** |
| WD-40 Co. | &nbsp;&nbsp;&nbsp;1919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;391361 |
| **Insurance — 2.7%** | **Insurance — 2.7%** | **Insurance — 2.7%** |
| American Financial Group, Inc. | &nbsp;&nbsp;3779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;482616 |
| The Hanover Insurance Group, Inc. | &nbsp;&nbsp;3829 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;663757 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1146373 |
| **Internet — 1.5%** | **Internet — 1.5%** | **Internet — 1.5%** |
| F5, Inc.\* | &nbsp;&nbsp;2244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;649257 |
| **Investment Companies — 1.4%** | **Investment Companies — 1.4%** | **Investment Companies — 1.4%** |
| HA Sustainable Infrastructure Capital, Inc. | 16336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600348 |
| **Iron & Steel — 1.7%** | **Iron & Steel — 1.7%** | **Iron & Steel — 1.7%** |
| Reliance, Inc. | &nbsp;&nbsp;&nbsp;2417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;734575 |
| **Leisure Time — 0.6%** | **Leisure Time — 0.6%** | **Leisure Time — 0.6%** |
| Brunswick Corp. | &nbsp;&nbsp;3682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267902 |
| **Machinery — Construction & Mining — 2.6%** | **Machinery — Construction & Mining — 2.6%** | **Machinery — Construction & Mining — 2.6%** |
| Oshkosh Corp. | &nbsp;&nbsp;4233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;623140 |

---

------

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

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

#### SMID Cap Value Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** |
| **Machinery — Construction & Mining — (continued)** | **Machinery — Construction & Mining — (continued)** | **Machinery — Construction & Mining — (continued)** |
| Terex Corp. | &nbsp;&nbsp;8490 | &nbsp;&nbsp;&nbsp;$501759 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1124899 |
| **Machinery — Diversified — 2.4%** | **Machinery — Diversified — 2.4%** | **Machinery — Diversified — 2.4%** |
| CNH Industrial N.V. | 32912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362032 |
| Regal Rexnord Corp. | &nbsp;&nbsp;3484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;652414 |
| Tennant Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1925 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1016371 |
| **Miscellaneous Manufacturing — 2.0%** | **Miscellaneous Manufacturing — 2.0%** | **Miscellaneous Manufacturing — 2.0%** |
| Avient Corp. | &nbsp;&nbsp;11128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403946 |
| JBT Marel Corp. | &nbsp;&nbsp;&nbsp;3485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445627 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;849573 |
| **Office & Business Equipment — 0.7%** | **Office & Business Equipment — 0.7%** | **Office & Business Equipment — 0.7%** |
| Zebra Technologies Corp., Class A\* | &nbsp;&nbsp;&nbsp;1429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298775 |
| **Oil & Gas — 3.5%** | **Oil & Gas — 3.5%** | **Oil & Gas — 3.5%** |
| Magnolia Oil & Gas Corp., Class A | 17420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549949 |
| Matador Resources Co. | &nbsp;&nbsp;8626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544991 |
| Northern Oil & Gas, Inc. | &nbsp;&nbsp;13435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392705 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1487645 |
| **Oil & Gas Services — 2.2%** | **Oil & Gas Services — 2.2%** | **Oil & Gas Services — 2.2%** |
| TechnipFMC PLC | 13430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;928416 |
| **Packaging and Containers — 0.9%** | **Packaging and Containers — 0.9%** | **Packaging and Containers — 0.9%** |
| O-I Glass, Inc.\* | 37484 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393957 |
| **Real Estate — 1.5%** | **Real Estate — 1.5%** | **Real Estate — 1.5%** |
| Jones Lang LaSalle, Inc.\* | &nbsp;&nbsp;&nbsp;2124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;646376 |
| **Retail — 3.8%** | **Retail — 3.8%** | **Retail — 3.8%** |
| Bath & Body Works, Inc. | 20303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379057 |
| BJ's Wholesale Club Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;7176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;706262 |
| Dollar Tree, Inc.\* | &nbsp;&nbsp;&nbsp;5142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;563100 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1648419 |
| **Savings & Loans — 1.1%** | **Savings & Loans — 1.1%** | **Savings & Loans — 1.1%** |
| WaFd, Inc. | 14752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463213 |
| **Semiconductors — 2.3%** | **Semiconductors — 2.3%** | **Semiconductors — 2.3%** |
| FormFactor, Inc.\* | &nbsp;&nbsp;&nbsp;4125 | &nbsp;&nbsp;&nbsp;&nbsp;400084 |
| ON Semiconductor Corp.\* | &nbsp;&nbsp;&nbsp;9212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570407 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;970491 |
| **Software — 1.5%** | **Software — 1.5%** | **Software — 1.5%** |
| ACI Worldwide, Inc.\* | &nbsp;&nbsp;8486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348011 |
| Nice Ltd., ADR\* | &nbsp;&nbsp;2640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291086 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;639097 |
| **Telecommunications — 2.3%** | **Telecommunications — 2.3%** | **Telecommunications — 2.3%** |
| Calix, Inc.\* | &nbsp;&nbsp;8650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;423763 |
| Ciena Corp.\* | &nbsp;&nbsp;&nbsp;1447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;561769 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;985532 |
| **Toys, Games & Hobbies — 1.5%** | **Toys, Games & Hobbies — 1.5%** | **Toys, Games & Hobbies — 1.5%** |
| Hasbro, Inc. | &nbsp;&nbsp;6699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;627026 |
| **Transportation — 6.4%** | **Transportation — 6.4%** | **Transportation — 6.4%** |
| ArcBest Corp. | &nbsp;&nbsp;4492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;441833 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **Transportation — (continued)** | **Transportation — (continued)** | **Transportation — (continued)** |
| C.H. Robinson Worldwide, Inc. | &nbsp;&nbsp;&nbsp;3641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$604661 |
| GXO Logistics, Inc.\* | &nbsp;&nbsp;10161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526848 |
| Kirby Corp.\* | &nbsp;&nbsp;&nbsp;4781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;635299 |
| Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp;&nbsp;9237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531867 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2740508 |
| **Trucking and Leasing — 1.2%** | **Trucking and Leasing — 1.2%** | **Trucking and Leasing — 1.2%** |
| GATX Corp. | &nbsp;&nbsp;&nbsp;2947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503171 |
| **TOTAL COMMON STOCKS<br> (Cost $37,413,268)** | **TOTAL COMMON STOCKS<br> (Cost $37,413,268)** | &nbsp;&nbsp;&nbsp;**40052087** |
| **REAL ESTATE INVESTMENT TRUSTS — 5.9%** | **REAL ESTATE INVESTMENT TRUSTS — 5.9%** | **REAL ESTATE INVESTMENT TRUSTS — 5.9%** |
| **Apartments — 0.9%** | **Apartments — 0.9%** | **Apartments — 0.9%** |
| Independence Realty Trust, Inc. | 25240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375824 |
| **Diversified — 0.6%** | **Diversified — 0.6%** | **Diversified — 0.6%** |
| Broadstone Net Lease, Inc. | 13549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247540 |
| **Healthcare — 0.5%** | **Healthcare — 0.5%** | **Healthcare — 0.5%** |
| American Healthcare REIT, Inc. | &nbsp;&nbsp;4790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225896 |
| **Hotels & Resorts — 0.6%** | **Hotels & Resorts — 0.6%** | **Hotels & Resorts — 0.6%** |
| Ryman Hospitality Properties, Inc. | &nbsp;&nbsp;&nbsp;2703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249406 |
| **Industrial — 0.9%** | **Industrial — 0.9%** | **Industrial — 0.9%** |
| STAG lndustrial, Inc. | 10788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389015 |
| **Office Property — 1.1%** | **Office Property — 1.1%** | **Office Property — 1.1%** |
| COPT Defense Properties | &nbsp;&nbsp;15775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;482715 |
| **Storage & Warehousing — 0.6%** | **Storage & Warehousing — 0.6%** | **Storage & Warehousing — 0.6%** |
| CubeSmart | &nbsp;&nbsp;&nbsp;6750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247388 |
| **Strip Centers — 0.7%** | **Strip Centers — 0.7%** | **Strip Centers — 0.7%** |
| Brixmor Property Group, Inc. | 10558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304070 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS<br> (Cost $2,623,042)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2521854** |

---

**SHORT-TERM INVESTMENTS — 0.7%**

---

| | | |
|:---|:---|:---|
| BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 3.546%)<br> **(Cost $315,026)** | 315026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**315026** |
| **TOTAL INVESTMENTS — 100.2%<br> (Cost $40,351,336)** |  | &nbsp;&nbsp;**$42888967** |
| **Other Assets & Liabilities — (0.2)%** | **Other Assets & Liabilities — (0.2)%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(90118)** |
| **TOTAL NET ASSETS — 100.0%** |  | &nbsp;&nbsp;**$42798849** |

---

------

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

------

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

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

#### SMID Cap Value Fund<br>

---

| |
|:---|
| ADR— American Depositary Receipt. |
| N.V.— Naamloze Vennootschap. |
| NA— National Association. |
| PLC— Public Limited Company. |
| REIT— Real Estate Investment Trust. |
| S.A.— Societe Anonyme. |

---

---

| | |
|:---|:---|
| **Country Weightings as of 3/31/2026††** | **Country Weightings as of 3/31/2026††** |
| United States | &nbsp;&nbsp;&nbsp;93% |
| United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;4 |
| Ireland | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| Puerto Rico | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| Israel | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| Total | 100% |

---

---

| | |
|:---|:---|
| †† | % of total investments as of March 31, 2026. |

---

## 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 SMID Cap Value Fund

- **b. EDGAR series identifier (if any):** S000022080

- **c. LEI of Series:** D3ZVMHV52Z0PYV1PDK09

**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:** $43286010.35

**Total Liabilities:** $71704.66

**Net Assets:** $43214305.69

**Cash Not Reported:** $225738.16

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063371 | 6.23%                | 3.59%                | -6.32%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $56461.01                | $2671450.17                                |
| Month 2  | $785556.91               | $824420.07                                 |
| Month 3  | $13066.32                | $-2999002.32                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Globus Med Inc                            | Globus Med Inc CL A                            | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |      7368 | NS      | $634826.88    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                           | Core & Main Inc CL A                           | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8567 | NS      | $423209.80    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp.                           | JBT Marel Corp. COM                            | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |      3485 | NS      | $445626.95    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group, Inc.            | American Financial Group, Inc. COM             | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |      3835 | NS      | $489767.85    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| C.H. Robinson Worldwide Inc               | C.H. Robinson Worldwide Inc COM NEW            | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |      3689 | NS      | $612632.23    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                   | Cboe Global Markets Inc COM                    | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |       779 | NS      | $218953.53    | 0.51%             |  |  |  | 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        |     17420 | NS      | $549949.40    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                               | Invesco Ltd COM STK USD0.20                    | CUSIP: 000000000<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | BM        |     24190 | NS      | $587575.10    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corporation            | Zebra Technologies Corporation CL A            | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |      1429 | NS      | $298775.32    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| First Advantage Corp New                  | First Advantage Corp New COM                   | CUSIP: 31846B108<br>LEI: 549300RNJ0PXU8FP7D06 | Long             | EC               | CORP              | US        |     35625 | NS      | $418950.00    | 0.97%             |  |  |  | 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        |      9290 | NS      | $534918.20    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corporation                        | Avient Corporation COM                         | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |     11128 | NS      | $403946.40    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                              | Crane NXT Co COM                               | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     11868 | NS      | $481722.12    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                | Brixmor Property Group Inc COM                 | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |     10558 | NS      | $304070.40    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Laureate Education, Inc.                  | Laureate Education, Inc. COMMON STOCK          | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |     15927 | NS      | $554896.68    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                 | BlackRock Liquidity Funds FEDFUND INSTL        | CUSIP: 09248U700<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |     89288 | NS      | $89287.85     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company                 | Matador Resources Company COM                  | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      8626 | NS      | $544990.68    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                           | Dollar Tree Inc COM                            | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      5142 | NS      | $563100.42    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                          | Boise Cascade Co COM                           | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |      5587 | NS      | $423773.95    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                     | STAG Industrial, Inc. COM                      | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |     10877 | NS      | $392224.62    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                     | Bath & Body Works Inc COM                      | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     20303 | NS      | $379057.01    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corporation          | Chesapeake Utilities Corporation COM           | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      3217 | NS      | $406532.29    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc.                    | RPM International Inc. COM                     | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |      5092 | NS      | $506144.80    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ Inc.                                 | CBIZ Inc. COM                                  | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |      3965 | NS      | $106460.25    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                    | F5 Inc COM                                     | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      2244 | NS      | $649256.52    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half Inc.                          | Robert Half Inc. COM                           | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |     16933 | NS      | $430098.20    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                | Kirby Corp COM                                 | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |      4841 | NS      | $643272.08    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CUBESMART                                 | CubeSmart (Maryland) COM                       | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6750 | NS      | $247387.50    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corporation                          | GATX Corporation COM                           | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |      2990 | NS      | $510512.60    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corporation                     | Brunswick Corporation COM                      | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |      3682 | NS      | $267902.32    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                              | Reliance Inc COM                               | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      2442 | NS      | $742172.64    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL DISPLAY CORP                    | Universal Display Corp. COM                    | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4773 | NS      | $437493.18    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc | HA Sustainable Infrastructure Capital Inc COM  | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |     16429 | NS      | $603765.75    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet, Inc.                               | Avnet, Inc. COM                                | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |      9349 | NS      | $576085.38    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc                  | Broadstone Net Lease Inc COM                   | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |     13549 | NS      | $247540.23    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation              | Stifel Financial Corporation COM               | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      5908 | NS      | $436719.36    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WaFd Inc                                  | WaFd Inc COM                                   | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15087 | NS      | $473731.80    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co.                                 | WD-40 Co. COM                                  | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      1919 | NS      | $391360.86    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corporation                        | Hexcel Corporation COM                         | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |      5695 | NS      | $460896.35    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST BANCORP (PUERTO RICO)               | First Bancorp Puerto Rico COM NEW              | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     14670 | NS      | $313351.20    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                 | Taylor Morrison Home Corp COM                  | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |      4906 | NS      | $285725.44    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc          | Ryman Hospitality Properties Inc COM           | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |      2703 | NS      | $249405.81    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp.                          | NCR Atleos Corp. COM SHS                       | CUSIP: 63001N106<br>LEI: 9845005FC3S0VA714741 | Long             | EC               | CORP              | US        |      2190 | NS      | $95440.20     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| WALKER & DUNLOP INC                       | Walker & Dunlop Inc. COM                       | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5451 | NS      | $241915.38    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Incorporated           | Jones Lang LaSalle Incorporated COM            | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      2168 | NS      | $659765.76    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil And Gas, Inc.                | Northern Oil And Gas, Inc. COM                 | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     13435 | NS      | $392705.05    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Limited                              | Nice Limited SPONSORED ADR                     | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |      2680 | NS      | $295496.80    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp.                    | Independent Bank Corp. COM                     | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |      5504 | NS      | $413955.84    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                            | TechnipFMC PLC USD1                            | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     14071 | NS      | $972728.23    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| GIBRALTAR INDUSTRIES INC                  | Gibraltar Industries, Inc. COM                 | CUSIP: 374689107<br>LEI: 549300AE5O3GN0YBLM57 | Long             | EC               | CORP              | US        |      9587 | NS      | $382233.69    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                      | Eagle Materials Inc. COM                       | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |       810 | NS      | $153454.50    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide Inc                         | ACI Worldwide Inc COM                          | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |      8486 | NS      | $348010.86    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                       | UMB Financial Corp. COM                        | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |      4480 | NS      | $505299.20    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corporation                         | Terex Corporation COM                          | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |      8614 | NS      | $509087.40    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corporation              | Encompass Health Corporation COM               | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |      3980 | NS      | $384985.40    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT Inc                                   | ADT Inc COM                                    | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64213 | NS      | $421879.41    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Formfactor Inc                            | Formfactor Inc COM                             | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |      4125 | NS      | $400083.75    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corporation              | Tenet Healthcare Corporation COM NEW           | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      3454 | NS      | $651804.34    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation            | Wintrust Financial Corporation COM             | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      2732 | NS      | $379584.08    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                                | Hasbro Inc COM                                 | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |      6784 | NS      | $634982.40    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| TD Synnex Corp                            | TD Synnex Corp COM                             | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      3477 | NS      | $586604.67    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc.                           | BorgWarner Inc. COM                            | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |     13159 | NS      | $714007.34    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcbest Corporation                       | Arcbest Corporation COM                        | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |      4529 | NS      | $445472.44    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                               | Pentair PLC COM USD0.01                        | CUSIP: 000000000<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |      4050 | NS      | $352795.50    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hanover Insurance Group, Inc.         | The Hanover Insurance Group, Inc. COM          | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      3876 | NS      | $671904.60    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Bank National Association        | Flagstar Bank National Association COM NEW     | CUSIP: 649445400<br>LEI: SS1TRMSN6BRNMOREEV51 | Long             | EC               | CORP              | US        |     28263 | NS      | $372223.71    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Calix Inc.                                | Calix Inc. COM                                 | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |      8650 | NS      | $423763.50    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                           | Bio-Techne Corp COM                            | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |      9585 | NS      | $500912.10    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics Inc.                        | GXO Logistics Inc. COMMON STOCK                | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |     10219 | NS      | $529855.15    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp.                    | ON Semiconductor Corp. COM                     | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |      9212 | NS      | $570407.04    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corporation             | WillScot Holdings Corporation COM CL A         | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |     25115 | NS      | $435996.40    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp                     | US Foods Holding Corp COM                      | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |      7826 | NS      | $721635.46    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ Wholesale Club Holdings Inc            | BJ Wholesale Club Holdings Inc COM             | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      7217 | NS      | $710297.14    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc (Delaware)  | First Citizens BancShares Inc (Delaware) CL A  | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |       299 | NS      | $563513.34    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corporation                 | Regal Rexnord Corporation COM                  | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      3529 | NS      | $660840.54    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corporation                       | Oshkosh Corporation COM                        | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |      4289 | NS      | $631383.69    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas, Inc.                             | ONE Gas, Inc. COM                              | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |      5538 | NS      | $476987.94    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                               | Plexus Corp COM                                | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |      2599 | NS      | $526401.46    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I Glass Inc                             | O-I Glass Inc COM                              | CUSIP: 67098H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38008 | NS      | $399464.08    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corporation              | Envista Holdings Corporation COM               | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |     21528 | NS      | $546165.36    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Icon PLC                                  | Icon PLC ORD EUR0.06                           | CUSIP: 000000000<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      3271 | NS      | $361968.86    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                               | Idacorp Inc COM                                | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |      5388 | NS      | $770322.36    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.            | Texas Capital Bancshares, Inc. COM             | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |      5003 | NS      | $474684.64    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corporation                         | Ciena Corporation COM NEW                      | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |      1480 | NS      | $574580.40    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc.                   | CACI International Inc. CL A                   | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      1026 | NS      | $558010.62    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH INDUSTRIAL NV                         | CNH Industrial N.V. COM EUR0.01                | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |     32912 | NS      | $362032.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp.                    | Integer Holdings Corp. COM                     | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |      5634 | NS      | $495792.00    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                             | Frontdoor Inc COM                              | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |      8156 | NS      | $431126.16    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc.             | American Healthcare REIT Inc. COM SHS          | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |      4790 | NS      | $225896.40    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                   | COPT Defense Properties SHS BEN INT            | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |     16005 | NS      | $489753.00    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant S.A                               | Globant S.A USD1.20                            | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |      6282 | NS      | $289663.02    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc             | Independence Realty Trust Inc COM              | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |     25240 | NS      | $375823.60    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian Inc.                       | First Hawaiian Inc. COM                        | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |      7703 | NS      | $189801.92    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                     | Element Solutions Inc COM                      | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |     11324 | NS      | $386601.36    | 0.89%             |  |  |  | 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