# EDGAR Filing Document

**Accession Number:** 0000702340
**File Stem:** 0001752724-23-035367
**Filing Date:** 2023-2
**Character Count:** 76000
**Document Hash:** 8327bed038680a75bf385542faf91999
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035367.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035367

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PENN SERIES FUNDS INC
- **CENTRAL INDEX KEY:** 0000702340
- **IRS NUMBER:** 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:** 23657265

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

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

## Series and Classes Contracts Data

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

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

## 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:** 600 Dresher Road

  - **City:** Horsham

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19044

  - **Telephone number:** 215-956-8000

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

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

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

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

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-30

**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:** $155131044.24

**Total Liabilities:** $441025.85

**Net Assets:** $154690018.39

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018299 | 12.62%               | 3.92%                | -6.27%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-900840.08              | $18974037.10                               |
| Month 2  | $-896446.00              | $6971390.84                                |
| Month 3  | $-1003340.89             | $-9630657.35                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| German American Bancorp Inc                 | German American Bancorp Inc                 | CUSIP: 373865104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13821 | NS      | $515523.30    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education Inc                | Adtalem Global Education Inc                | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |     21990 | NS      | $780645.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Amalgamated Financial Corp                  | Amalgamated Financial Corp                  | CUSIP: 022671101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8226 | NS      | $189527.04    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                            | QuidelOrtho Corp                            | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |      9391 | NS      | $804526.97    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Financial Corp                     | Lakeland Financial Corp                     | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14042 | NS      | $1024644.74   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitrans Midstream Corp                    | Equitrans Midstream Corp                    | CUSIP: 294600101<br>LEI: 549300RH0NLJNZ5SXU64 | Long             | EC               | CORP              | US        |     64675 | NS      | $433322.50    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corp                                  | Terex Corp                                  | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |     25577 | NS      | $1092649.44   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Bancorp Inc                          | Origin Bancorp Inc                          | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |     11412 | NS      | $418820.40    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR Real Estate Finance Trust               | KKR Real Estate Finance Trust Inc           | CUSIP: 48251K100<br>LEI: 549300K23AYZDZ2REL62 | Long             | EC               | CORP              | US        |     48174 | NS      | $672509.04    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ Lodging Trust                           | RLJ Lodging Trust                           | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    123114 | NS      | $1303777.26   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                                  | MasTec Inc                                  | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     12654 | NS      | $1079765.82   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                              | PBF Energy Inc                              | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |      9931 | NS      | $404986.18    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp                   | Chesapeake Utilities Corp                   | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      6718 | NS      | $793933.24    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG RE Finance Trust Inc                    | TPG RE Finance Trust Inc                    | CUSIP: 87266M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62308 | NS      | $423071.32    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                                 | IDACORP Inc                                 | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     11505 | NS      | $1240814.25   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR                      | Home BancShares Inc/AR                      | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38301 | NS      | $872879.79    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbus McKinnon Corp/NY                   | Columbus McKinnon Corp/NY                   | CUSIP: 199333105<br>LEI: 549300W3HQB0HO1F3G69 | Long             | EC               | CORP              | US        |     24664 | NS      | $800840.08    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Simply Good Foods Co/The                    | Simply Good Foods Co/The                    | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12633 | NS      | $480432.99    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group Inc                 | Asbury Automotive Group Inc                 | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |      4017 | NS      | $720047.25    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                        | TTM Technologies Inc                        | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |     48166 | NS      | $726343.28    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Avanos Medical Inc                          | Avanos Medical Inc                          | CUSIP: 05350V106<br>LEI: 549300YCXWOM7NEWMQ58 | Long             | EC               | CORP              | US        |     28186 | NS      | $762713.16    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos                           | Piper Sandler Cos                           | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      4055 | NS      | $527920.45    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                  | Southwest Gas Holdings Inc                  | CUSIP: 844895102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5107 | NS      | $316021.16    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications Inc                  | Iridium Communications Inc                  | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |     15579 | NS      | $800760.60    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                                | Alkermes PLC                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     18014 | NS      | $470705.82    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                             | Murphy Oil Corp                             | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |     23511 | NS      | $1011208.11   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                  | Arcosa Inc                                  | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     19637 | NS      | $1067074.58   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Beam Therapeutics Inc                       | Beam Therapeutics Inc                       | CUSIP: 07373V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6404 | NS      | $250460.44    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc                       | ESCO Technologies Inc                       | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |     12250 | NS      | $1072365.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp                           | FB Financial Corp                           | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |     20081 | NS      | $725727.34    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel + Leisure Co                         | Travel + Leisure Co                         | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |     16924 | NS      | $616033.60    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                     | Pebblebrook Hotel Trust                     | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |     65420 | NS      | $875973.80    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Materials Inc                        | Summit Materials Inc                        | CUSIP: 86614U100<br>LEI: 549300XNOLX5GIOSO108 | Long             | EC               | CORP              | US        |     32693 | NS      | $928147.63    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co                             | Hecla Mining Co                             | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |     64320 | NS      | $357619.20    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands Inc                         | BellRing Brands Inc                         | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     18483 | NS      | $473904.12    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc                      | Group 1 Automotive Inc                      | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      6234 | NS      | $1124426.58   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corp                        | Hancock Whitney Corp                        | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |     34141 | NS      | $1652082.99   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| JFrog Ltd                                   | JFrog Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     33634 | NS      | $717413.22    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                         | Onto Innovation Inc                         | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |      2060 | NS      | $140265.40    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Rock Resorts Inc                        | Red Rock Resorts Inc                        | CUSIP: 75700L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12598 | NS      | $504045.98    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Financial Corp/WA                  | Heritage Financial Corp/WA                  | CUSIP: 42722X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21287 | NS      | $652233.68    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/Th              | Hanover Insurance Group Inc/The             | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      3164 | NS      | $427551.32    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries Inc                        | Dycom Industries Inc                        | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |      3529 | NS      | $330314.40    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group Inc                     | CNO Financial Group Inc                     | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |     28068 | NS      | $641353.80    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp                             | SouthState Corp                             | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     15809 | NS      | $1207175.24   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington Federal Inc                      | Washington Federal Inc                      | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35599 | NS      | $1194346.45   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 Value ETF              | iShares Russell 2000 Value ETF              | CUSIP: 464287630<br>LEI: 549300WJAJCAZZLTQD63 | Long             | EC               | RF                | US        |     16549 | NS      | $2294849.83   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NBT Bancorp Inc                             | NBT Bancorp Inc                             | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10387 | NS      | $451003.54    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| OceanFirst Financial Corp                   | OceanFirst Financial Corp                   | CUSIP: 675234108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35254 | NS      | $749147.50    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp                                    | RLI Corp                                    | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |      3522 | NS      | $462332.94    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners Inc                            | PJT Partners Inc                            | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |      5608 | NS      | $413253.52    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Relay Therapeutics Inc                      | Relay Therapeutics Inc                      | CUSIP: 75943R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23943 | NS      | $357708.42    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                                    | Cohu Inc                                    | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     29810 | NS      | $955410.50    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| HB Fuller Co                                | HB Fuller Co                                | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |      9060 | NS      | $648877.20    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp                                    | AAR Corp                                    | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |     15877 | NS      | $712877.30    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp                                | ArcBest Corp                                | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |      5548 | NS      | $388581.92    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NuVasive Inc                                | NuVasive Inc                                | CUSIP: 670704105<br>LEI: 549300C5ZB4NZ6TWM881 | Long             | EC               | CORP              | US        |     15559 | NS      | $641653.16    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Physicians Realty Trust                     | Physicians Realty Trust                     | CUSIP: 71943U104<br>LEI: 549300ITOVH0OY7PZC34 | Long             | EC               | CORP              | US        |    138778 | NS      | $2008117.66   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp                               | Renasant Corp                               | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |     27483 | NS      | $1033085.97   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Hostess Brands Inc                          | Hostess Brands Inc                          | CUSIP: 44109J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63553 | NS      | $1426129.32   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Bank System Inc                   | Community Bank System Inc                   | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |     11737 | NS      | $738844.15    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CVB Financial Corp                          | CVB Financial Corp                          | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42386 | NS      | $1091439.50   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Topgolf Callaway Brands Corp                | Topgolf Callaway Brands Corp                | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |     35397 | NS      | $699090.75    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Enstar Group Ltd                            | Enstar Group Ltd                            | CUSIP: 000000000<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EC               | CORP              | BM        |      3956 | NS      | $913994.24    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc                     | Century Communities Inc                     | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |     11976 | NS      | $598919.76    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions Inc                         | Viavi Solutions Inc                         | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |     43451 | NS      | $456670.01    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| American Axle & Manufacturing               | American Axle & Manufacturing Holdings Inc  | CUSIP: 024061103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51353 | NS      | $401580.46    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE Centers Corp                           | SITE Centers Corp                           | CUSIP: 82981J109<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               | CORP              | US        |     96882 | NS      | $1323408.12   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| SeaWorld Entertainment Inc                  | SeaWorld Entertainment Inc                  | CUSIP: 81282V100<br>LEI: 529900G0H4NV3IIK3269 | Long             | EC               | CORP              | US        |     13705 | NS      | $733354.55    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| EnPro Industries Inc                        | EnPro Industries Inc                        | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |     10898 | NS      | $1184503.62   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop Inc                         | Walker & Dunlop Inc                         | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6529 | NS      | $512395.92    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp                         | Peabody Energy Corp                         | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |     12602 | NS      | $332944.84    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                           | Herc Holdings Inc                           | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |      5340 | NS      | $702583.80    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Partners LP                  | NextEra Energy Partners LP                  | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |     10164 | NS      | $712394.76    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ASGN Inc                                    | ASGN Inc                                    | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |     11664 | NS      | $950382.72    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Allscripts Healthcare Solution              | Allscripts Healthcare Solutions Inc         | CUSIP: 01988P108<br>LEI: Y68YJHVB1GU4TAU3C223 | Long             | EC               | CORP              | US        |     53128 | NS      | $937177.92    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties I              | Ryman Hospitality Properties Inc            | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     17017 | NS      | $1391650.26   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter's Inc                                | Carter's Inc                                | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |      6361 | NS      | $474594.21    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Plains Inc                            | Green Plains Inc                            | CUSIP: 393222104<br>LEI: VJ5WLTHARBSDR14KIZ98 | Long             | EC               | CORP              | US        |     15169 | NS      | $462654.50    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Xencor Inc                                  | Xencor Inc                                  | CUSIP: 98401F105<br>LEI: 549300V5IF65437JKG30 | Long             | EC               | CORP              | US        |     14241 | NS      | $370835.64    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Hol              | MACOM Technology Solutions Holdings Inc     | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10979 | NS      | $691457.42    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                    | Saia Inc                                    | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |      3091 | NS      | $648120.88    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp                                 | Enovis Corp                                 | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |     14507 | NS      | $776414.64    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Banner Corp                                 | Banner Corp                                 | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19899 | NS      | $1257616.80   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp                        | Deckers Outdoor Corp                        | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      1339 | NS      | $534475.24    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenable Holdings Inc                        | Tenable Holdings Inc                        | CUSIP: 88025T102<br>LEI: 5493004S5OMPESF0EF83 | Long             | EC               | CORP              | US        |     18479 | NS      | $704973.85    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Sage Therapeutics Inc                       | Sage Therapeutics Inc                       | CUSIP: 78667J108<br>LEI: 5493000JX4BJS9W6CN35 | Long             | EC               | CORP              | US        |     16598 | NS      | $633047.72    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Pacific Properties Inc               | Hudson Pacific Properties Inc               | CUSIP: 444097109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60638 | NS      | $590007.74    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                     | ATI Inc                                     | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     27584 | NS      | $823658.24    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp                         | Federal Signal Corp                         | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     27120 | NS      | $1260266.40   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Alight Inc                                  | Alight Inc                                  | CUSIP: 01626W101<br>LEI: 549300600ESCO1HTVN74 | Long             | EC               | CORP              | US        |     55545 | NS      | $464356.20    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp                        | MGIC Investment Corp                        | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     81690 | NS      | $1061970.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF International Inc                       | ICF International Inc                       | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |      7321 | NS      | $725145.05    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hills Bancorp Inc                 | Berkshire Hills Bancorp Inc                 | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |     11858 | NS      | $354554.20    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Avidity Biosciences Inc                     | Avidity Biosciences Inc                     | CUSIP: 05370A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15980 | NS      | $354596.20    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc              | First Financial Bankshares Inc              | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |     17291 | NS      | $594810.40    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters Inc               | American Eagle Outfitters Inc               | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     17138 | NS      | $239246.48    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co                                | SM Energy Co                                | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     18393 | NS      | $640628.19    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Premier Bancorp Inc                 | Pacific Premier Bancorp Inc                 | CUSIP: 69478X105<br>LEI: 549300Q1KIC3KLI0XG98 | Long             | EC               | CORP              | US        |     35824 | NS      | $1130605.44   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp                  | Standex International Corp                  | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |      4062 | NS      | $415989.42    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp                        | Associated Banc-Corp                        | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |     48371 | NS      | $1116886.39   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookline Bancorp Inc                       | Brookline Bancorp Inc                       | CUSIP: 11373M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33409 | NS      | $472737.35    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Deluxe Corp                                 | Deluxe Corp                                 | CUSIP: 248019101<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | EC               | CORP              | US        |     17356 | NS      | $294704.88    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TriMas Corp                                 | TriMas Corp                                 | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               | CORP              | US        |     11383 | NS      | $315764.42    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| LiveRamp Holdings Inc                       | LiveRamp Holdings Inc                       | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |     22798 | NS      | $534385.12    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NeoGenomics Inc                             | NeoGenomics Inc                             | CUSIP: 64049M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64028 | NS      | $591618.72    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Entravision Communications Cor              | Entravision Communications Corp             | CUSIP: 29382R107<br>LEI: 549300SKHY2ALCLKV539 | Long             | EC               | CORP              | US        |     67654 | NS      | $324739.20    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bumble Inc                                  | Bumble Inc                                  | CUSIP: 12047B105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21560 | NS      | $453838.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CONMED Corp                                 | CONMED Corp                                 | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | EC               | CORP              | US        |      4303 | NS      | $381417.92    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcus Biosciences Inc                       | Arcus Biosciences Inc                       | CUSIP: 03969F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10893 | NS      | $225267.24    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Primo Water Corp                            | Primo Water Corp                            | CUSIP: 74167P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87755 | NS      | $1363712.70   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLETE Inc                                  | ALLETE Inc                                  | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               | CORP              | US        |     19912 | NS      | $1284523.12   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Agios Pharmaceuticals Inc                   | Agios Pharmaceuticals Inc                   | CUSIP: 00847X104<br>LEI: 529900ONJHY8EOGYT555 | Long             | EC               | CORP              | US        |     21536 | NS      | $604730.88    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy Inc                    | Patterson-UTI Energy Inc                    | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |     42038 | NS      | $707919.92    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| International Game Technology               | International Game Technology PLC           | CUSIP: 000000000<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | EC               | CORP              | US        |     41364 | NS      | $938135.52    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corp                        | First Merchants Corp                        | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |     25052 | NS      | $1029887.72   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ConnectOne Bancorp Inc                      | ConnectOne Bancorp Inc                      | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |     30011 | NS      | $726566.31    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                            | NMI Holdings Inc                            | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |     29240 | NS      | $611116.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                            | Cytokinetics Inc                            | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |      8554 | NS      | $391944.28    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Verint Systems Inc                          | Verint Systems Inc                          | CUSIP: 92343X100<br>LEI: 549300KEQJS5FRVUCO94 | Long             | EC               | CORP              | US        |     12846 | NS      | $466052.88    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                        | Commercial Metals Co                        | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     19464 | NS      | $940111.20    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Aerojet Rocketdyne Holdings In              | Aerojet Rocketdyne Holdings Inc             | CUSIP: 007800105<br>LEI: 549300VULNLWHE8QWI76 | Long             | EC               | CORP              | US        |     15130 | NS      | $846220.90    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| UniFirst Corp/MA                            | UniFirst Corp/MA                            | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |      3782 | NS      | $729888.18    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Sitio Royalties Corp                        | Sitio Royalties Corp                        | CUSIP: 82983N108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9192 | NS      | $265190.04    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Alerus Financial Corp                       | Alerus Financial Corp                       | CUSIP: 01446U103<br>LEI: 5493008BXLBPPELQ3G57 | Long             | EC               | CORP              | US        |      5398 | NS      | $126043.30    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellium SE                              | Constellium SE                              | CUSIP: 000000000<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |     36460 | NS      | $431321.80    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc               | Selective Insurance Group Inc               | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |     17965 | NS      | $1591878.65   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports & Outdoors Inc               | Academy Sports & Outdoors Inc               | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25556 | NS      | $1342712.24   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                    | Resideo Technologies Inc                    | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     45559 | NS      | $749445.55    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Beacon Roofing Supply Inc                   | Beacon Roofing Supply Inc                   | CUSIP: 073685109<br>LEI: 549300HDXQWWCBOYXP31 | Long             | EC               | CORP              | US        |     13918 | NS      | $734731.22    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corp                                | Knowles Corp                                | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |     48884 | NS      | $802675.28    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems Inc              | Telephone and Data Systems Inc              | CUSIP: 879433829<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15650 | NS      | $164168.50    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                     | Nexstar Media Group Inc                     | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      4100 | NS      | $717623.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennedy-Wilson Holdings Inc                 | Kennedy-Wilson Holdings Inc                 | CUSIP: 489398107<br>LEI: 549300MOI1T78144X610 | Long             | EC               | CORP              | US        |     59087 | NS      | $929438.51    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Maxar Technologies Inc                      | Maxar Technologies Inc                      | CUSIP: 57778K105<br>LEI: 549300OEN2G821MIJ922 | Long             | EC               | CORP              | US        |     17942 | NS      | $928319.08    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products In              | Installed Building Products Inc             | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |      4884 | NS      | $418070.40    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| TreeHouse Foods Inc                         | TreeHouse Foods Inc                         | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               | CORP              | US        |     12725 | NS      | $628360.50    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Allogene Therapeutics Inc                   | Allogene Therapeutics Inc                   | CUSIP: 019770106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15219 | NS      | $95727.51     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Myriad Genetics Inc                         | Myriad Genetics Inc                         | CUSIP: 62855J104<br>LEI: 52990044IHUOUMETT163 | Long             | EC               | CORP              | US        |     24802 | NS      | $359877.02    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE Energy Inc                              | MGE Energy Inc                              | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16553 | NS      | $1165331.20   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                | Cadence Bank                                | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |      9773 | NS      | $241002.18    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| LendingClub Corp                            | LendingClub Corp                            | CUSIP: 52603A208<br>LEI: 549300YC50YO7Y1OJR92 | Long             | EC               | CORP              | US        |     16519 | NS      | $145367.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                           | Agree Realty Corp                           | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16788 | NS      | $1190772.84   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Foot Locker Inc                             | Foot Locker Inc                             | CUSIP: 344849104<br>LEI: 549300X383CBNP6MTV94 | Long             | EC               | CORP              | US        |     19237 | NS      | $726966.23    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastern Bankshares Inc                      | Eastern Bankshares Inc                      | CUSIP: 27627N105<br>LEI: 549300J245MBQU3DO403 | Long             | EC               | CORP              | US        |     62211 | NS      | $1073139.75   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| John Wiley & Sons Inc                       | John Wiley & Sons Inc                       | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |     16693 | NS      | $668721.58    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| 2seventy bio Inc                            | 2seventy bio Inc                            | CUSIP: 901384107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15233 | NS      | $142733.21    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Krispy Kreme Inc                            | Krispy Kreme Inc                            | CUSIP: 50101L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26524 | NS      | $273727.68    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Intellia Therapeutics Inc                   | Intellia Therapeutics Inc                   | CUSIP: 45826J105<br>LEI: 5493002T5BCPE5DZC723 | Long             | EC               | CORP              | US        |      4439 | NS      | $154876.71    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Group Inc                  | Independent Bank Group Inc                  | CUSIP: 45384B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9968 | NS      | $598877.44    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TriCo Bancshares                            | TriCo Bancshares                            | CUSIP: 896095106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17682 | NS      | $901605.18    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Inc                                  | Macy's Inc                                  | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |     21555 | NS      | $445110.75    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners In              | Pinnacle Financial Partners Inc             | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |      9840 | NS      | $722256.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Ltd                         | Signet Jewelers Ltd                         | CUSIP: 000000000<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | US        |      2594 | NS      | $176392.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                       | Stifel Financial Corp                       | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      6513 | NS      | $380163.81    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Domo Inc                                    | Domo Inc                                    | CUSIP: 257554105<br>LEI: 549300X57AGT5JULJ761 | Long             | EC               | CORP              | US        |     10863 | NS      | $154689.12    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                         | Meritage Homes Corp                         | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     13822 | NS      | $1274388.40   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Mersana Therapeutics Inc                    | Mersana Therapeutics Inc                    | CUSIP: 59045L106<br>LEI: 529900VWD5VDZ7PVOS22 | Long             | EC               | CORP              | US        |     43269 | NS      | $253556.34    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp                       | Independent Bank Corp                       | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |     15107 | NS      | $1275484.01   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co Inc                    | Acadia Healthcare Co Inc                    | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |      8875 | NS      | $730590.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| REVOLUTION Medicines Inc                    | REVOLUTION Medicines Inc                    | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |     18736 | NS      | $446291.52    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corp                                    | CTS Corp                                    | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |     10989 | NS      | $433186.38    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                     | KBR Inc                                     | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     32042 | NS      | $1691817.60   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA Inc                                   | TEGNA Inc                                   | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |     43853 | NS      | $929245.07    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash Holdings Inc                      | FirstCash Holdings Inc                      | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7119 | NS      | $618712.29    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc                       | Helmerich & Payne Inc                       | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |     22472 | NS      | $1113937.04   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                                 | Avient Corp                                 | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |     36304 | NS      | $1225623.04   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERISAFE Inc                               | AMERISAFE Inc                               | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               | CORP              | US        |      7514 | NS      | $390502.58    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Smartsheet Inc                              | Smartsheet Inc                              | CUSIP: 83200N103<br>LEI: 549300N9WF42OK9VL589 | Long             | EC               | CORP              | US        |      9562 | NS      | $376360.32    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| P10 Inc                                     | P10 Inc                                     | CUSIP: 69376K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27312 | NS      | $291419.04    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                                   | Itron Inc                                   | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     11713 | NS      | $593263.45    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Golar LNG Ltd                               | Golar LNG Ltd                               | CUSIP: 000000000<br>LEI: 213800C2VSFZG3EZLO34 | Long             | EC               | CORP              | BM        |     27497 | NS      | $626656.63    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Adient PLC                                  | Adient PLC                                  | CUSIP: 000000000<br>LEI: 5493002QLDY8O75RTR78 | Long             | EC               | CORP              | US        |     24110 | NS      | $836375.90    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Scorpio Tankers Inc                         | Scorpio Tankers Inc                         | CUSIP: 000000000<br>LEI: 549300NVJUH16NXG8K87 | Long             | EC               | CORP              | MC        |     18995 | NS      | $1021361.15   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                                | Sanmina Corp                                | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     15106 | NS      | $865422.74    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                         | Terreno Realty Corp                         | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27150 | NS      | $1544020.50   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Health Catalyst Inc                         | Health Catalyst Inc                         | CUSIP: 42225T107<br>LEI: 549300223PL6GWKVJG92 | Long             | EC               | CORP              | US        |     24524 | NS      | $260690.12    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Xerox Holdings Corp                         | Xerox Holdings Corp                         | CUSIP: 98421M106<br>LEI: 5493000Y33XDVO2CXC18 | Long             | EC               | CORP              | US        |     17013 | NS      | $248389.80    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Utz Brands Inc                              | Utz Brands Inc                              | CUSIP: 918090101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37224 | NS      | $590372.64    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                         | STAG Industrial Inc                         | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |     52960 | NS      | $1711137.60   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Realty Trust                         | Acadia Realty Trust                         | CUSIP: 004239109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87920 | NS      | $1261652.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SJW Group                                   | SJW Group                                   | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8570 | NS      | $695798.30    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SpartanNash Co                              | SpartanNash Co                              | CUSIP: 847215100<br>LEI: 549300TV3QCCSQLF5X16 | Long             | EC               | CORP              | US        |     11783 | NS      | $356317.92    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Mortgage Investment T              | PennyMac Mortgage Investment Trust          | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               | CORP              | US        |     76739 | NS      | $950796.21    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| First Advantage Corp                        | First Advantage Corp                        | CUSIP: 31846B108<br>LEI: 549300RNJ0PXU8FP7D06 | Long             | EC               | CORP              | US        |     37200 | NS      | $483600.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries Inc                          | ABM Industries Inc                          | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |     35338 | NS      | $1569713.96   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Iovance Biotherapeutics Inc                 | Iovance Biotherapeutics Inc                 | CUSIP: 462260100<br>LEI: 549300220Z2GHH33XL82 | Long             | EC               | CORP              | US        |     33815 | NS      | $216077.85    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc                         | Glacier Bancorp Inc                         | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     15520 | NS      | $766998.40    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Callon Petroleum Co                         | Callon Petroleum Co                         | CUSIP: 13123X508<br>LEI: 549300EFOWPEB0WLZW21 | Long             | EC               | CORP              | US        |      5034 | NS      | $186711.06    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FARO Technologies Inc                       | FARO Technologies Inc                       | CUSIP: 311642102<br>LEI: 529900MFEFNOFP3YR823 | Long             | EC               | CORP              | US        |     17908 | NS      | $526674.28    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp                            | Boyd Gaming Corp                            | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     11214 | NS      | $611499.42    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| United Natural Foods Inc                    | United Natural Foods Inc                    | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |     18674 | NS      | $722870.54    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                              | Ameris Bancorp                              | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |     21647 | NS      | $1020439.58   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc                                 | Ashland Inc                                 | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |      9151 | NS      | $984007.03    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc                        | SPX Technologies Inc                        | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |     13205 | NS      | $866908.25    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc                        | Astec Industries Inc                        | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |     12090 | NS      | $491579.40    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                                | LivaNova PLC                                | CUSIP: 000000000<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | GB        |     10854 | NS      | $602831.16    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Veracyte Inc                                | Veracyte Inc                                | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Long             | EC               | CORP              | US        |     18238 | NS      | $432787.74    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK LIQUIDITY FUNDS FEDFUND PORTFOLIO | BLACKROCK LIQUIDITY FUNDS FEDFUND PORTFOLIO | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |   2729147 | NS      | $2729147.30   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENXBIO Inc                               | REGENXBIO Inc                               | CUSIP: 75901B107<br>LEI: 549300EOES47LATSET33 | Long             | EC               | CORP              | US        |     11713 | NS      | $265650.84    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp                                 | Rogers Corp                                 | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |      1661 | NS      | $198223.74    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirit Airlines Inc                         | Spirit Airlines Inc                         | CUSIP: 848577102<br>LEI: 549300DCAFIXFNFR3304 | Long             | EC               | CORP              | US        |     23914 | NS      | $465844.72    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Ltd                          | Capri Holdings Ltd                          | CUSIP: 000000000<br>LEI: 549300LPG8W0H1OX3A26 | Long             | EC               | CORP              | GB        |     17548 | NS      | $1005851.36   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Towne Bank/Portsmouth VA                    | Towne Bank/Portsmouth VA                    | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |     23657 | NS      | $729581.88    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NexTier Oilfield Solutions Inc              | NexTier Oilfield Solutions Inc              | CUSIP: 65290C105<br>LEI: 529900L27H2D4QT0IT24 | Long             | EC               | CORP              | US        |     83287 | NS      | $769571.88    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp                   | Carpenter Technology Corp                   | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     18569 | NS      | $685938.86    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| iHeartMedia Inc                             | iHeartMedia Inc                             | CUSIP: 45174J509<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19391 | NS      | $118866.83    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp              | Atlantic Union Bankshares Corp              | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25058 | NS      | $880538.12    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Kura Oncology Inc                           | Kura Oncology Inc                           | CUSIP: 50127T109<br>LEI: 5493005QORQTZCZYOP39 | Long             | EC               | CORP              | US        |     18601 | NS      | $230838.41    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| United Community Banks Inc/GA               | United Community Banks Inc/GA               | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |     42074 | NS      | $1422101.20   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas Inc                                 | ONE Gas Inc                                 | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     16633 | NS      | $1259450.76   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Biosciences of Califor              | Pacific Biosciences of California Inc       | CUSIP: 69404D108<br>LEI: 529900F1BWRE1M0KZN89 | Long             | EC               | CORP              | US        |     41929 | NS      | $342979.22    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Inc                                | Ducommun Inc                                | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |     12302 | NS      | $614607.92    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| DHT Holdings Inc                            | DHT Holdings Inc                            | CUSIP: 000000000<br>LEI: 549300SMD6IVZYT74K40 | Long             | EC               | CORP              | BM        |     65482 | NS      | $581480.16    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Apellis Pharmaceuticals Inc                 | Apellis Pharmaceuticals Inc                 | CUSIP: 03753U106<br>LEI: 254900HS0ZFRXXSB9D42 | Long             | EC               | CORP              | US        |      7424 | NS      | $383895.04    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens & Minor Inc                           | Owens & Minor Inc                           | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |     11219 | NS      | $219107.07    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

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

**Signature:** Steven Viola

**Name of Signer:** Steven Viola

**Title:** Treasurer