# EDGAR Filing Document

**Accession Number:** 0000702340
**File Stem:** 0000940400-26-020249
**Filing Date:** 2026-5
**Character Count:** 13741
**Document Hash:** 26617c7ece91119e4108d04a18a1301b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020249.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000940400-26-020249

**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:** 261007340

**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

### Moderate Allocation Fund (Series ID: S000022087)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000063378 | Moderate Allocation Fund |  |

## Nport-Ex

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

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

#### Moderate Allocation Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **AFFILIATED EQUITY FUNDS — 53.4%** | **AFFILIATED EQUITY FUNDS — 53.4%** | **AFFILIATED EQUITY FUNDS — 53.4%** |
| Penn Series Flexibly Managed Fund\* | &nbsp;&nbsp;136030 | &nbsp;&nbsp;&nbsp;&nbsp;$15652937 |
| Penn Series Index 500 Fund\* | 609758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36372054 |
| Penn Series Large Cap Growth Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;38925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1730211 |
| Penn Series Large Cap Value Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;92194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5314085 |
| Penn Series Large Core Growth Fund\* | &nbsp;&nbsp;&nbsp;48604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1717672 |
| Penn Series Large Core Value Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;91953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3500640 |
| Penn Series Large Growth Stock Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;52720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5114936 |
| Penn Series Mid Cap Growth Fund\* | &nbsp;&nbsp;&nbsp;95368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3481886 |
| Penn Series Mid Core Value Fund\* | &nbsp;&nbsp;165362 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7026236 |
| Penn Series Real Estate Securities Fund\* | &nbsp;&nbsp;&nbsp;192175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6812619 |
| Penn Series Small Cap Index Fund\* | &nbsp;&nbsp;&nbsp;89774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3543358 |
| Penn Series SMID Cap Growth Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;33889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1772063 |
| Penn Series SMID Cap Value Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;40255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1784083 |
| **TOTAL AFFILIATED EQUITY FUNDS<br> (Cost $66,752,827)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**93822780** |
| **AFFILIATED FIXED INCOME FUNDS — 37.0%** | **AFFILIATED FIXED INCOME FUNDS — 37.0%** | **AFFILIATED FIXED INCOME FUNDS — 37.0%** |
| Penn Series High Yield Bond Fund\* | &nbsp;&nbsp;&nbsp;341733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7032865 |
| Penn Series Limited Maturity Bond Fund\* | &nbsp;&nbsp;342232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5280641 |
| Penn Series Quality Bond Fund\* | 3012117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52772298 |
| **TOTAL AFFILIATED FIXED INCOME FUNDS<br> (Cost $58,759,015)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**65085804** |
| **AFFILIATED INTERNATIONAL EQUITY FUNDS — 9.0%** | **AFFILIATED INTERNATIONAL EQUITY FUNDS — 9.0%** | **AFFILIATED INTERNATIONAL EQUITY FUNDS — 9.0%** |
| Penn Series Developed International Index Fund\* | &nbsp;&nbsp;374592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8855346 |
| Penn Series Emerging Markets Equity Fund\* | &nbsp;&nbsp;125028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1746636 |
| Penn Series International Equity Fund\* | &nbsp;&nbsp;&nbsp;119443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5231626 |
| **TOTAL AFFILIATED INTERNATIONAL EQUITY FUNDS<br> (Cost $11,996,609)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15833608** |
| **TOTAL INVESTMENTS — 99.4%<br> (Cost $137,508,451)** |  | &nbsp;&nbsp;**$174742192** |
| **Other Assets & Liabilities — 0.6%** | **Other Assets & Liabilities — 0.6%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1072514** |
| **TOTAL NET ASSETS — 100.0%** |  | &nbsp;&nbsp;**$175814706** |

---

------

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

## 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 Moderate Allocation Fund

- **b. EDGAR series identifier (if any):** S000022087

- **c. LEI of Series:** 549300T0ZXOAXTMKBR43

**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:** $176101068.72

**Total Liabilities:** $230654.11

**Net Assets:** $175870414.61

**Cash Not Reported:** $1165000.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063378 | 1.39%                | 1.23%                | -4.19%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $700667.30               | $1911888.53                                |
| Month 2  | $701281.76               | $1587036.26                                |
| Month 3  | $1129352.58              | $-8833204.07                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Penn Series Funds Inc | Penn Series International Equity Fund          | CUSIP: 000000000<br>LEI: 549300GLJSCMRCVZWX45 | Long             | EC               | RF                | US        |    119574 | NS      | $5237355.87   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series High Yield Bond Fund               | CUSIP: 000000000<br>LEI: 549300GLJSCMRCVZWX45 | Long             | EC               | CORP              | US        |    342104 | NS      | $7040504.66   | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Real Estate Securities Fund        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    192391 | NS      | $6820258.75   | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Large Core Value Fund              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     92053 | NS      | $3504459.50   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Quality Bond Fund                  | CUSIP: 000000000<br>LEI: 549300GLJSCMRCVZWX45 | Long             | EC               | RF                | US        |   3015388 | NS      | $52829594.64  | 30.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Large Core Growth Fund             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     48658 | NS      | $1719581.60   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Developed International Index Fund | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    374996 | NS      | $8864895.13   | 5.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Index 500 Fund                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    610430 | NS      | $36412161.97  | 20.70%            |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Large Growth Stock Fund            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     52779 | NS      | $5120666.12   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series SMID Cap Value Fund                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     40298 | NS      | $1785992.78   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Large Cap Growth Fund              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     38968 | NS      | $1732120.71   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series SMID Cap Growth Fund               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     33926 | NS      | $1773972.92   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Small Cap Index Fund               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     89870 | NS      | $3547177.74   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Mid Core Value Fund                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    165542 | NS      | $7033875.71   | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Large Cap Value Fund               | CUSIP: 000000000<br>LEI: 549300GLJSCMRCVZWX45 | Long             | EC               | RF                | US        |     92294 | NS      | $5319814.92   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Limited Maturity Bond Fund         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    342603 | NS      | $5286371.36   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Mid Cap Growth Fund                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     95473 | NS      | $3485705.47   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Flexibly Managed Fund              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    136179 | NS      | $15670125.93  | 8.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Emerging Markets Equity Fund       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    125164 | NS      | $1748545.90   | 0.99%             |  |  |  | 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