# EDGAR Filing Document

**Accession Number:** 0000702340
**File Stem:** 0000940400-25-009804
**Filing Date:** 2025-11
**Character Count:** 9601
**Document Hash:** a73bb7acf35a3f0e94d51d1c349191e1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009804.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009804

**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:** 251513165

**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

### Conservative Allocation Fund (Series ID: S000022082)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000063373 | Conservative Allocation Fund |  |

## Nport-Ex

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

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

#### Conservative Allocation Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **AFFILIATED EQUITY FUNDS — 20.7%** | **AFFILIATED EQUITY FUNDS — 20.7%** | **AFFILIATED EQUITY FUNDS — 20.7%** |
| Penn Series Flexibly Managed Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;27625 | &nbsp;&nbsp;&nbsp;$3263070 |
| Penn Series Index 500 Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;53812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3274485 |
| Penn Series Large Core Value Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;409547 |
| Penn Series Mid Core Value Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;19756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;818276 |
| Penn Series Real Estate Securities Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;23276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;813501 |
| **TOTAL AFFILIATED EQUITY FUNDS<br> (Cost $6,646,959)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**8578879** |
| **AFFILIATED FIXED INCOME FUNDS — 75.1%** | **AFFILIATED FIXED INCOME FUNDS — 75.1%** | **AFFILIATED FIXED INCOME FUNDS — 75.1%** |
| Penn Series High Yield Bond Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;99953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024057 |
| Penn Series Limited Maturity Bond Fund\* | &nbsp;&nbsp;&nbsp;240798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3643277 |
| Penn Series Quality Bond Fund\* | 1468218 | &nbsp;&nbsp;&nbsp;&nbsp;25385490 |
| **TOTAL AFFILIATED FIXED INCOME FUNDS<br> (Cost $29,002,673)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**31052824** |
| **AFFILIATED INTERNATIONAL EQUITY FUNDS — 2.0%** | **AFFILIATED INTERNATIONAL EQUITY FUNDS — 2.0%** | **AFFILIATED INTERNATIONAL EQUITY FUNDS — 2.0%** |
| Penn Series Developed International Index Fund\*<br> **(Cost $614,416)** | &nbsp;&nbsp;&nbsp;&nbsp;36030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**809941** |
| **SHORT-TERM INVESTMENTS — 0.2%** | **SHORT-TERM INVESTMENTS — 0.2%** | **SHORT-TERM INVESTMENTS — 0.2%** |

---

---

| | | |
|:---|:---|:---|
| BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 4.027%)<br> **(Cost $76,401)** | 76401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**76401** |
| **TOTAL INVESTMENTS — 98.0%<br> (Cost $36,340,449)** |  | &nbsp;&nbsp;**$40518045** |
| **Other Assets & Liabilities — 2.0%** | **Other Assets & Liabilities — 2.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**831520** |
| **TOTAL NET ASSETS — 100.0%** |  | &nbsp;&nbsp;**$41349565** |

---

------

† 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 Conservative Allocation Fund

- **b. EDGAR series identifier (if any):** S000022082

- **c. LEI of Series:** 549300UC1BL7DD8DVH05

**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:** $41468853.33

**Total Liabilities:** $33879.35

**Net Assets:** $41434973.98

**Cash Not Reported:** $919000.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063373 | 0.16%                | 1.22%                | 1.21%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $153327.34               | $-82202.03                                 |
| Month 2  | $48757.52                | $470092.62                                 |
| Month 3  | $366875.21               | $127980.56                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FLEXIBLY MANAGED FUND            | FLEXIBLY MANAGED FUND            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     27646 | NS      | $3265569.03   | 7.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Quality Bond Fund    | Penn Series Quality Bond Fund    | CUSIP: 000000000<br>LEI: 6EJYQY10X26QDQ79NP61 | Long             | EC               | RF                | US        |   1469356 | NS      | $25405171.33  | 61.31%            |  |  |  | No            |                  1 | On Loan: No      |
| DEVELOPED INTERNATIONAL INDEX    | DEVELOPED INTERNATIONAL INDEX    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     36057 | NS      | $810565.97    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MID CORE VALUE FUND              | MID CORE VALUE FUND              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     19771 | NS      | $818900.90    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| LARGE CORE VALUE FUND            | LARGE CORE VALUE FUND            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     11319 | NS      | $409859.14    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series High Yield Bond Fund | Penn Series High Yield Bond Fund | CUSIP: 000000000<br>LEI: PYMGCS7VD6DE680QME20 | Long             | EC               | RF                | US        |    100031 | NS      | $2025619.65   | 4.89%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund      | BlackRock Liquidity FedFund      | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |     76401 | NS      | $76400.72     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| LIMITED MATURITY BOND FUND       | LIMITED MATURITY BOND FUND       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    240984 | NS      | $3646089.28   | 8.80%             |  |  |  | No            |                  1 | On Loan: No      |
| INDEX 500 FUND                   | INDEX 500 FUND                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     53853 | NS      | $3276984.44   | 7.91%             |  |  |  | No            |                  1 | On Loan: No      |
| REIT FUND                        | REIT FUND                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     23294 | NS      | $814125.40    | 1.96%             |  |  |  | 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