# EDGAR Filing Document

**Accession Number:** 0000702340
**File Stem:** 0000940400-26-020248
**Filing Date:** 2026-5
**Character Count:** 71917
**Document Hash:** 612e4d087d66ddf05a913ce2e436b721
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020248.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000940400-26-020248

**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:** 261007339

**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

### High Yield Bond Fund (Series ID: S000006731)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000018294 | High Yield Bond Fund |  |

## Nport-Ex

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

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

#### High Yield Bond Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — 0.0%** | **COMMON STOCKS — 0.0%** | **COMMON STOCKS — 0.0%** |
| **Entertainment — 0.0%** | **Entertainment — 0.0%** | **Entertainment — 0.0%** |
| New Cotai Participation, Class B(1),\*<br> **(Cost $24,225)** | &nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;$**0** |
| **PREFERRED STOCKS — 0.0%** | **PREFERRED STOCKS — 0.0%** | **PREFERRED STOCKS — 0.0%** |
| **Packaging and Containers — 0.0%** | **Packaging and Containers — 0.0%** | **Packaging and Containers — 0.0%** |
| Smurfit-Stone Container Corp. (Escrow) CONV.(1),\*<br> **(Cost $0)** | 725 | &nbsp;&nbsp;&nbsp;&nbsp;**0** |

---

---

| | | |
|:---|:---|:---|
|  | **Par<br> (000)** |  |
| **CORPORATE BONDS — 96.8%** | **CORPORATE BONDS — 96.8%** | **CORPORATE BONDS — 96.8%** |
| **Advertising — 0.9%** | **Advertising — 0.9%** | **Advertising — 0.9%** |
| Clear Channel Outdoor Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;144A, 7.125%, 02/15/31@ | &nbsp;&nbsp;$500 | &nbsp;&nbsp;&nbsp;&nbsp;523727 |
| &nbsp;&nbsp;&nbsp;144A, 7.500%, 03/15/33@ | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;529467 |
|  |  | &nbsp;&nbsp;&nbsp;1053194 |
| **Aerospace & Defense — 2.1%** | **Aerospace & Defense — 2.1%** | **Aerospace & Defense — 2.1%** |
| Bombardier, Inc., 144A<br> 6.750%, 06/15/33@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;1032764 |
| TransDigm, Inc., 144A<br> 6.000%, 01/15/33@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;1499775 |
|  |  | &nbsp;&nbsp;&nbsp;2532539 |
| **Airlines — 0.9%** | **Airlines — 0.9%** | **Airlines — 0.9%** |
| American Airlines Pass Through Trust, Series 2021-1 Class B<br> 3.950%, 01/11/32 | &nbsp;&nbsp;&nbsp;1028 | &nbsp;&nbsp;&nbsp;&nbsp;979801 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd., 144A<br> 5.500%, 04/20/26@ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87532 |
|  |  | &nbsp;&nbsp;&nbsp;1067333 |
| **Apparel — 1.6%** | **Apparel — 1.6%** | **Apparel — 1.6%** |
| The William Carter Co., 144A<br> 7.375%, 02/15/31@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;1019744 |
| Wolverine World Wide, Inc., 144A<br> 4.000%, 08/15/29@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;925967 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1945711 |
| **Auto Parts & Equipment — 4.5%** | **Auto Parts & Equipment — 4.5%** | **Auto Parts & Equipment — 4.5%** |
| Adient Global Holdings Ltd., 144A<br> 7.500%, 02/15/33@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;1010792 |
| Clarios Global LP/Clarios US Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp;144A, 6.750%, 02/15/30@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;1532325 |
| &nbsp;&nbsp;&nbsp;144A, 6.750%, 09/15/32@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;1008000 |
| Forvia S.E., 144A<br> 6.750%, 09/15/33@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;975578 |
| The Goodyear Tire & Rubber Co.<br> 6.625%, 07/15/30 | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;975278 |
|  |  | &nbsp;&nbsp;&nbsp;5501973 |
| **Building Materials — 3.6%** | **Building Materials — 3.6%** | **Building Materials — 3.6%** |
| Builders FirstSource, Inc., 144A<br> 6.750%, 05/15/35@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;1497590 |

---

---

| | | |
|:---|:---|:---|
|  | **Par<br> (000)** | &nbsp;&nbsp;**Value†** |
| **Building Materials — (continued)** | **Building Materials — (continued)** | **Building Materials — (continued)** |
| CP Atlas Buyer, Inc., 144A<br> 9.750%, 07/15/30@ | $1000 | &nbsp;&nbsp;&nbsp;$936852 |
| Standard Building Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;144A, 6.250%, 08/01/33@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;986111 |
| &nbsp;&nbsp;&nbsp;144A, 5.875%, 03/15/34@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;963626 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;4384179 |
| **Chemicals — 4.9%** | **Chemicals — 4.9%** | **Chemicals — 4.9%** |
| Celanese US Holdings LLC<br> 7.375%, 02/15/34 | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1024183 |
| Methanex US Operations, Inc., 144A<br> 6.250%, 03/15/32@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;1533498 |
| Olin Corp., 144A<br> 6.625%, 04/01/33@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;978107 |
| Solstice Advanced Materials, Inc., 144A<br> 5.625%, 09/30/33@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;983403 |
| WR Grace Holdings LLC, 144A<br> 6.625%, 08/15/32@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1457177 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5976368 |
| **Commercial Services — 7.5%** | **Commercial Services — 7.5%** | **Commercial Services — 7.5%** |
| Albion Financing 1 Sarl/Aggreko Holdings, Inc., 144A<br> 7.000%, 05/21/30@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1021791 |
| Block, Inc., 144A<br> 6.000%, 08/15/33@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;980814 |
| Herc Holdings, Inc., 144A<br> 7.250%, 06/15/33@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;1024254 |
| Neptune Bidco US, Inc., 144A<br> 9.290%, 04/15/29@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;1502587 |
| Service Corp. International |  |  |
| &nbsp;&nbsp;&nbsp;7.500%, 04/01/27 | &nbsp;&nbsp;&nbsp;&nbsp;1750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1791230 |
| &nbsp;&nbsp;&nbsp;4.000%, 05/15/31 | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;1397248 |
| Williams Scotsman, Inc., 144A<br> 4.625%, 08/15/28@ | &nbsp;&nbsp;&nbsp;&nbsp;1350 | &nbsp;&nbsp;&nbsp;&nbsp;1327566 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;9045490 |
| **Diversified Financial Services — 3.3%** | **Diversified Financial Services — 3.3%** | **Diversified Financial Services — 3.3%** |
| EZCORP, Inc., 144A<br> 7.375%, 04/01/32@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;1044275 |
| Freedom Mortgage Holdings LLC, 144A<br> 6.875%, 05/01/31@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;935003 |
| Jefferson Capital Holdings LLC, 144A<br> 8.250%, 05/15/30@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;1040347 |
| OneMain Finance Corp.<br> 6.750%, 09/15/33 | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;958795 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3978420 |
| **Electric — 5.0%** | **Electric — 5.0%** | **Electric — 5.0%** |
| Lightning Power LLC, 144A<br> 7.250%, 08/15/32@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;1039380 |
| NRG Energy, Inc., 144A<br> 6.250%, 11/01/34@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;1510669 |
| Vistra Corp. (UST Yield Curve CMT 5 Yr + 6.930%), 144A<br> 8.000%@,µ,• | &nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;2021336 |

---

------

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

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

#### High Yield Bond Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Par<br> (000)** | &nbsp;&nbsp;**Value†** |
| **CORPORATE BONDS — (continued)** | **CORPORATE BONDS — (continued)** | **CORPORATE BONDS — (continued)** |
| **Electric — (continued)** | **Electric — (continued)** | **Electric — (continued)** |
| Vistra Operations Co. LLC, 144A<br> 6.875%, 04/15/32@ | $1500 | &nbsp;&nbsp;$1550839 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6122224 |
| **Electrical Components & Equipment — 0.8%** | **Electrical Components & Equipment — 0.8%** | **Electrical Components & Equipment — 0.8%** |
| Energizer Holdings, Inc., 144A<br> 6.000%, 09/15/33@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;935800 |
| **Engineering & Construction — 1.3%** | **Engineering & Construction — 1.3%** | **Engineering & Construction — 1.3%** |
| Arcosa, Inc., 144A<br> 6.875%, 08/15/32@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;1535970 |
| **Entertainment — 3.3%** | **Entertainment — 3.3%** | **Entertainment — 3.3%** |
| Brightstar Lottery PLC/Brightstar Global Solutions Corp., , 144A<br> 5.750%, 01/15/33@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;973411 |
| Light & Wonder International, Inc., 144A<br> 6.250%, 10/01/33@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;1469535 |
| Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC, 144A<br> 8.250%, 04/15/30@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;1534572 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3977518 |
| **Environmental Control — 1.3%** | **Environmental Control — 1.3%** | **Environmental Control — 1.3%** |
| Clean Harbors, Inc., 144A<br> 6.375%, 02/01/31@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;1522674 |
| **Food — 2.9%** | **Food — 2.9%** | **Food — 2.9%** |
| Albertsons Cos. Inc/Safeway, Inc./New Albertsons LP/Albertsons LLC, 144A<br> 5.750%, 03/31/34@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;978425 |
| Fiesta Purchaser, Inc., 144A<br> 7.875%, 03/01/31@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;1526238 |
| Viking Baked Goods Acquisition Corp., 144A<br> 8.625%, 11/01/31@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;989233 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3493896 |
| **Healthcare Products — 2.9%** | **Healthcare Products — 2.9%** | **Healthcare Products — 2.9%** |
| Avantor Funding, Inc., 144A<br> 4.625%, 07/15/28@ | &nbsp;&nbsp;&nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;1072933 |
| Insulet Corp., 144A<br> 6.500%, 04/01/33@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;1018265 |
| Medline Borrower LP, 144A<br> 5.250%, 10/01/29@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;1486638 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3577836 |
| **Healthcare Services — 4.9%** | **Healthcare Services — 4.9%** | **Healthcare Services — 4.9%** |
| CHS/Community Health Systems, Inc., 144A<br> 4.750%, 02/15/31@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;921267 |
| Encompass Health Corp.<br> 4.750%, 02/01/30 | &nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;1954863 |
| Prime Healthcare Services, Inc., 144A<br> 9.375%, 09/01/29@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;1555815 |

---

---

| | | |
|:---|:---|:---|
|  | **Par<br> (000)** | &nbsp;&nbsp;**Value†** |
| **Healthcare Services — (continued)** | **Healthcare Services — (continued)** | **Healthcare Services — (continued)** |
| Surgery Center Holdings, Inc., 144A<br> 7.250%, 04/15/32@ | $1500 | &nbsp;&nbsp;$1467701 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5899646 |
| **Home Builders — 1.1%** | **Home Builders — 1.1%** | **Home Builders — 1.1%** |
| K Hovnanian Enterprises, Inc., 144A<br> 8.375%, 10/01/33@ | &nbsp;&nbsp;&nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp;1285189 |
| **Home Furnishings — 1.7%** | **Home Furnishings — 1.7%** | **Home Furnishings — 1.7%** |
| FXI Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;144A, 14.000%, 11/15/29@ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185796 |
| &nbsp;&nbsp;&nbsp;144A, 11.000%, 11/15/30@ | &nbsp;&nbsp;&nbsp;1098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;971376 |
| Whirlpool Corp.<br> 6.500%, 06/15/33 | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;946473 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2103645 |
| **Insurance — 2.4%** | **Insurance — 2.4%** | **Insurance — 2.4%** |
| Acrisure LLC/Acrisure Finance, Inc., 144A<br> 6.750%, 07/01/32@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;963910 |
| Asurion LLC/ Asurion Co.-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;144A, 8.000%, 12/31/32@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;1035732 |
| &nbsp;&nbsp;&nbsp;144A, 8.375%, 02/01/34@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;968883 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2968525 |
| **Iron & Steel — 0.8%** | **Iron & Steel — 0.8%** | **Iron & Steel — 0.8%** |
| Commercial Metals Co., 144A<br> 6.000%, 12/15/35@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;985503 |
| **Leisure Time — 0.8%** | **Leisure Time — 0.8%** | **Leisure Time — 0.8%** |
| Carnival Corp., 144A<br> 5.750%, 08/01/32@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;999730 |
| **Lodging — 2.0%** | **Lodging — 2.0%** | **Lodging — 2.0%** |
| Boyd Gaming Corp., 144A<br> 4.750%, 06/15/31@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;1425753 |
| Marriott Ownership Resorts, Inc., 144A<br> 6.500%, 10/01/33@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;949212 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2374965 |
| **Machinery — Diversified — 1.6%** | **Machinery — Diversified — 1.6%** | **Machinery — Diversified — 1.6%** |
| Columbus McKinnon Corp., 144A<br> 7.125%, 02/01/33@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;994764 |
| Esab Corp., 144A<br> 5.625%, 04/01/31@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1007112 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2001876 |
| **Media — 3.9%** | **Media — 3.9%** | **Media — 3.9%** |
| CCO Holdings LLC/CCO Holdings Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;144A, 5.125%, 05/01/27@ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514395 |
| &nbsp;&nbsp;&nbsp;144A, 4.250%, 01/15/34@ | &nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;1709295 |
| Gray Media, Inc., 144A<br> 10.500%, 07/15/29@ | &nbsp;&nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;956099 |
| Sirius XM Radio LLC, 144A<br> 5.500%, 07/01/29@ | &nbsp;&nbsp;&nbsp;&nbsp;1550 | &nbsp;&nbsp;&nbsp;&nbsp;1543441 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;4723230 |

---

------

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

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

#### High Yield Bond Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Par<br> (000)** | &nbsp;&nbsp;**Value†** |
| **CORPORATE BONDS — (continued)** | **CORPORATE BONDS — (continued)** | **CORPORATE BONDS — (continued)** |
| **Mining — 4.6%** | **Mining — 4.6%** | **Mining — 4.6%** |
| Alumina Pty Ltd., 144A<br> 6.375%, 09/15/32@ | $2000 | &nbsp;&nbsp;$2054508 |
| Capstone Copper Corp., 144A<br> 6.750%, 03/31/33@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1495329 |
| First Quantum Minerals Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;144A, 8.000%, 03/01/33@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1042337 |
| &nbsp;&nbsp;&nbsp;144A, 7.250%, 02/15/34@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1017912 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5610086 |
| **Oil & Gas — 8.3%** | **Oil & Gas — 8.3%** | **Oil & Gas — 8.3%** |
| Ascent Resources Utica Holdings LLC/ARU Finance Corp., 144A<br> 6.625%, 10/15/32@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1521321 |
| Chord Energy Corp., 144A<br> 6.750%, 03/15/33@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1548105 |
| Comstock Resources, Inc., 144A<br> 6.750%, 03/01/29@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1480855 |
| Crescent Energy Finance LLC, 144A<br> 7.375%, 01/15/33@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;999698 |
| Gulfport Energy Operating Corp., 144A<br> 6.750%, 09/01/29@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1022534 |
| Permian Resources Operating LLC, 144A<br> 6.250%, 02/01/33@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1528062 |
| SM Energy Co., 144A<br> 6.625%, 04/15/34@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000202 |
| Sunoco LP, 144A<br> 5.875%, 03/15/34@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;988698 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;10089475 |
| **Oil & Gas Services — 0.4%** | **Oil & Gas Services — 0.4%** | **Oil & Gas Services — 0.4%** |
| WBI Operating LLC, 144A<br> 6.250%, 10/15/30@ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;502980 |
| **Packaging and Containers — 2.2%** | **Packaging and Containers — 2.2%** | **Packaging and Containers — 2.2%** |
| Crown Americas LLC<br> 5.875%, 06/01/33 | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1499203 |
| Trivium Packaging Finance BV, 144A<br> 8.250%, 07/15/30@ | &nbsp;&nbsp;&nbsp;&nbsp;1152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1205269 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2704472 |
| **Pharmaceuticals — 3.6%** | **Pharmaceuticals — 3.6%** | **Pharmaceuticals — 3.6%** |
| Amneal Pharmaceuticals LLC, 144A<br> 6.875%, 08/01/32@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1029899 |
| Elanco Animal Health, Inc.<br> 6.400%, 08/28/28 | &nbsp;&nbsp;&nbsp;1050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1075957 |
| Jazz Securities DAC, 144A<br> 4.375%, 01/15/29@ | &nbsp;&nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1365459 |
| Paradigm Parent LLC and Paradigm Parent CO-Issuer, Inc., 144A<br> 8.750%, 04/17/32@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;888042 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4359357 |
| **Pipelines — 2.9%** | **Pipelines — 2.9%** | **Pipelines — 2.9%** |
| Energy Transfer LP, Series H (UST Yield Curve CMT 5 Yr + 5.694%)<br> 6.500%µ,• | &nbsp;&nbsp;&nbsp;&nbsp;1975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1970244 |

---

---

| | | |
|:---|:---|:---|
|  | **Par<br> (000)** | &nbsp;&nbsp;**Value†** |
| **Pipelines — (continued)** | **Pipelines — (continued)** | **Pipelines — (continued)** |
| Venture Global LNG, Inc. (UST Yield Curve CMT 5 Yr + 5.440%), 144A<br> 9.000%@,µ,• | $1500 | &nbsp;&nbsp;&nbsp;&nbsp;$1493115 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3463359 |
| **Real Estate Investment Trusts — 0.8%** | **Real Estate Investment Trusts — 0.8%** | **Real Estate Investment Trusts — 0.8%** |
| MPT Operating Partnership LP/MPT Finance Corp., 144A<br> 8.500%, 02/15/32@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1013826 |
| **Retail — 4.9%** | **Retail — 4.9%** | **Retail — 4.9%** |
| Bath & Body Works, Inc.<br> 6.875%, 11/01/35 | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1467177 |
| Macy's Retail Holdings LLC<br> 4.500%, 12/15/34 | &nbsp;&nbsp;&nbsp;1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1062845 |
| The Gap, Inc., 144A<br> 3.875%, 10/01/31@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1356115 |
| The Men's Wearhouse LLC, 144A<br> 9.000%, 02/01/31@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1026707 |
| The Michaels Cos., Inc., 144A<br> 8.500%, 03/15/33@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;973511 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5886355 |
| **Semiconductors — 0.4%** | **Semiconductors — 0.4%** | **Semiconductors — 0.4%** |
| Amkor Technology, Inc., 144A<br> 5.875%, 10/01/33@ | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498075 |
| **Software — 1.4%** | **Software — 1.4%** | **Software — 1.4%** |
| OAK-Eagle Acquireco, Inc., 144A<br> 7.250%, 07/01/33@ | &nbsp;&nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1037427 |
| Open Text Corp., 144A<br> 6.900%, 12/01/27@ | &nbsp;&nbsp;&nbsp;&nbsp;675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692643 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1730070 |
| **Telecommunications — 1.3%** | **Telecommunications — 1.3%** | **Telecommunications — 1.3%** |
| Windstream Services LLC/Windstream Escrow Finance Corp., 144A<br> 8.250%, 10/01/31@ | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1567271 |
| **TOTAL CORPORATE BONDS<br> (Cost $116,645,692)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**117418760** |

---

---

| |
|:---|
| **Number of<br> Shares** |
| **SHORT-TERM INVESTMENTS — 3.0%** |

---

---

| | | |
|:---|:---|:---|
| BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 3.546%)<br> **(Cost $3,691,456)** | 3691456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3691456** |
| **TOTAL INVESTMENTS — 99.8%<br> (Cost $120,361,373)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**$121110216** |
| **Other Assets & Liabilities — 0.2%** | **Other Assets & Liabilities — 0.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**227569** |
| **TOTAL NET ASSETS — 100.0%** |  | &nbsp;&nbsp;&nbsp;**$121337785** |

---

------

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

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

#### High Yield Bond Fund<br>

------

---

| | |
|:---|:---|
| † | See Security Valuation Note in the most recent semi-annual or annual report. |
| (1) | The value of this security was determined using significant unobservable inputs . |
| \* | Non-income producing security. |
| @ | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At March 31, 2026, the aggregate value of Rule 144A securities was $100,315,463, which represents 82.7% of the Fund's net assets. |
| µ | Perpetual security with no stated maturity date. |
| • | Variable rate security. The rate disclosed is the rate in effect on the report date. The information in parenthesis represents the benchmark and reference rate for each relevant security and the rate floats based upon the reference rate and spread. The security may be further subject to interest rate floors and caps. For loan agreements, the rate shown may represent a weighted average interest rate. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions, or, for mortgage-backed securities, are impacted by the individual mortgages which are paying off over time. These securities do not indicate a reference rate and spread in their descriptions. |

---

---

| |
|:---|
| CMT— Constant Maturity Treasury. |
| LLC— Limited Liability Company. |
| LP— Limited Partnership. |
| PLC— Public Limited Company. |
| S.E.— Societas Europaea. |
| UST— US Treasury. |
| Yr— Year. |

---

---

| | |
|:---|:---|
| **Country Weightings as of 3/31/2026††** | **Country Weightings as of 3/31/2026††** |
| United States | &nbsp;&nbsp;&nbsp;88% |
| Canada | &nbsp;&nbsp;&nbsp;&nbsp;4 |
| Ireland | &nbsp;&nbsp;&nbsp;&nbsp;2 |
| Australia | &nbsp;&nbsp;&nbsp;&nbsp;2 |
| Netherlands | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| France | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| Total | 100% |

---

---

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

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Penn Series Funds Inc

- **b. Investment Company Act file number:** 811-03459

- **c. CIK number of Registrant:** 0000702340

- **d. LEI of Registrant:** 549300GLJSCMRCVZWX45

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** Eight Tower Bridge

  - **City:** Conshohocken

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19428

  - **Telephone number:** 215-956-8114

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

- **a. Name of Series:** Penn Series High Yield Bond Fund

- **b. EDGAR series identifier (if any):** S000006731

- **c. LEI of Series:** PYMGCS7VD6DE680QME20

**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:** $123105729.79

**Total Liabilities:** $1126282.91

**Net Assets:** $121979446.88

**Delayed Delivery Securities:** $1000000.00

**Cash Not Reported:** $8.36

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 1301.39884000 | **5-Year:** 2261.53109000 | **10-Year:** 323.13337000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 174.88402000 | **1-Year:** 9180.73880000 | **5-Year:** 28093.79504000 | **10-Year:** 1094.88471000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018294 | 0.58%                | 0.43%                | -1.15%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $268832.06               | $-150309.66                                |
| Month 2  | $118590.66               | $-189137.45                                |
| Month 3  | $159925.34               | $-2135174.20                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Avantor Funding Inc                                                                              | AVTR 4.625 07/15/28 144A                | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1072933.02   | 0.88%             | 2028-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Vistra Corp                                                                                      | VST V8 PERP 144A                        | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2021336.00   | 1.66%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Mohegan Escrow Issuer LLC                                                                        | MOHEGN 8.25 04/15/30 144A               | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1534572.00   | 1.26%             | 2030-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| EZCORP Inc.                                                                                      | EZPW 7.375 04/01/32 144A                | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1044275.00   | 0.86%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems Inc                                                                 | CYH 4.75 02/15/31 144A                  | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $921266.67    | 0.76%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Standard Building Solutions Inc.                                                                 | BMCAUS 6.25 08/01/33 144A               | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986111.40    | 0.81%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SM Energy Co.                                                                                    | SM 6.625 04/15/34 144A                  | CUSIP: 78454LAZ3<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000201.95   | 0.82%             | 2034-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FXI Holdings Inc                                                                                 | FXIHLD 14 11/15/29 144A                 | CUSIP: 36120RAJ8<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |    357300 | PA      | $185796.00    | 0.15%             | 2029-11-15      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                        | SUN 5.875 03/15/34 144A                 | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $988697.90    | 0.81%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Chord Energy Corp.                                                                               | CHRD 6.75 03/15/33 144A                 | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1548105.00   | 1.27%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Service Corporation International                                                                | SCI 7.5 04/01/27                        | CUSIP: 817565BT0<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1791230.00   | 1.47%             | 2027-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NEW COTAI PARTICIPATION CL B                                                                     | NEW COTAI PARTICIPATION CL B            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Neptune BidCo US Inc.                                                                            | NLSN 9.29 04/15/29 144A                 | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1502587.50   | 1.23%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| Windstream Services LLC / Windstream Escrow Finance Corp.                                        | WIN 8.25 10/01/31 144A                  | CUSIP: 97381AAA0<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1567270.50   | 1.28%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| WBI Operations LLC                                                                               | WBI 6.25 10/15/30 144A                  | CUSIP: 92944BAA9<br>LEI: 254900A83461EGRMOV11 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502980.00    | 0.41%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CP Atlas Buyer Inc.                                                                              | AMBATH 9.75 07/15/30 144A               | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $936852.10    | 0.77%             | 2030-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Brightstar Lottery PLC / Brightstar Global Solutions Corp.                                       | BRSL 5.75 01/15/33 144A                 | CUSIP: 108922AA3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $973410.90    | 0.80%             | 2033-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MEN'S WEARHOUSE LLC (THE)                                                                        | Men's Wearhouse LLC/The                 | CUSIP: 587118AF7<br>LEI: NKFP7BJ6WYEV4I24P532 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1026707.00   | 0.84%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Goodyear Tire & Rubber Co. The                                                                   | GT 6.625 07/15/30                       | CUSIP: 382550BS9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $975278.00    | 0.80%             | 2030-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Gulfport Energy Operating Corp.                                                                  | GPOR 6.75 09/01/29 144A                 | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1022534.00   | 0.84%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                                            | AAL 3.95 07/11/30 B                     | CUSIP: 02376LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1027500 | PA      | $979800.68    | 0.80%             | 2030-07-11      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                                      | FMCN 8 03/01/33 144A                    | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1042337.00   | 0.85%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                                                                | POWSOL 6.75 09/15/32 144A               | CUSIP: 18060TAE5<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1008000.00   | 0.83%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Asurion LLC / Asurion Co-Issuer Inc.                                                             | ASUCOR 8 12/31/32 144A                  | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1035732.45   | 0.85%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Ascent Resources Utica Holdings LLC / ARU Finance Corp                                           | ASCRES 6.625 10/15/32 144A              | CUSIP: 04364VAX1<br>LEI: 549300EGLQ2M2CL7JZ89 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1521321.00   | 1.25%             | 2032-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc.                                                              | CCO 7.125 02/15/31 144A                 | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    500000 | PA      | $523727.00    | 0.43%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Comstock Resources, Inc.                                                                         | CRK 6.75 03/01/29 144A                  | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1480854.90   | 1.21%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Jazz Securities Designated Activity Co.                                                          | JAZZ 4.375 01/15/29 144A                | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |   1400000 | PA      | $1365458.92   | 1.12%             | 2029-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Olin Corporation                                                                                 | OLN 6.625 04/01/33 144A                 | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $978106.90    | 0.80%             | 2033-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                                                                    | FREMOR 6.875 05/01/31 144A              | CUSIP: 35641AAE8<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $935002.70    | 0.77%             | 2031-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Marriott Ownership Resorts Inc                                                                   | VAC 6.5 10/01/33 144A                   | CUSIP: 57164PAK2<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $949212.50    | 0.78%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                 | NRG 6.25 11/01/34 144A                  | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1510669.50   | 1.24%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Whirlpool Corp.                                                                                  | WHR 6.5 06/15/33                        | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $946472.80    | 0.78%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FXI Holdings Inc                                                                                 | FXIHLD 11 11/15/30 144a                 | CUSIP: 36120RAG4<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |   1097600 | PA      | $971376.00    | 0.80%             | 2030-11-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Standard Building Solutions Inc.                                                                 | BMCAUS 5.875 03/15/34 144A              | CUSIP: 853192AA0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $963626.40    | 0.79%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ESAB Corp.                                                                                       | ESAB 5.625 04/01/31 144A                | CUSIP: 29605JAB2<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1007112.49   | 0.83%             | 2031-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Michaels Companies Inc.                                                                          | MIK 8.5 03/15/33 144A                   | CUSIP: 59408QAB2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $973510.62    | 0.80%             | 2033-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Adient Global Holdings Ltd                                                                       | ADNT 7.5 02/15/33 144A                  | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |   1000000 | PA      | $1010792.00   | 0.83%             | 2033-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Albion Financing 1 S.a.r.l.                                                                      | AGKLN 7 05/21/30 144A                   | CUSIP: 01330AAA4<br>LEI: 259400W9CABUZBRDLP97 | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $1021791.00   | 0.84%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                               | ET V6.5 PERP H                          | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1970243.81   | 1.62%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC / (Albertsons Safeway LLC) | ACI 5.75 03/31/34 144A                  | CUSIP: 01309QAD0<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $978424.92    | 0.80%             | 2034-03-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Trivium Packaging Finance BV                                                                     | TRIVIU 8.25 07/15/30 144A               | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   1152000 | PA      | $1205268.50   | 0.99%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| The Gap Inc.                                                                                     | GAP 3.875 10/01/31 144A                 | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1356114.75   | 1.11%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                                        | BlackRock Liquidity Funds FEDFUND INSTL | CUSIP: 09248U700<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   3691456 | NS      | $3691456.13   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                 | CHTR 4.25 01/15/34 144A                 | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1709295.40   | 1.40%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc.                                                                                  | BBDBCN 6.75 06/15/33 144A               | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1032764.00   | 0.85%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                                          | VENLNG V9 PERP 144a                     | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1493115.63   | 1.22%             | N/A             | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Builders Firstsource, Inc.                                                                       | BLDR 6.75 05/15/35 144A                 | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1497589.50   | 1.23%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                    | OMF 6.75 09/15/33                       | CUSIP: 682691AN0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $958795.70    | 0.79%             | 2033-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                                              | MEDIND 5.25 10/01/29 144A               | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1486637.75   | 1.22%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc.                                                              | CCO 7.5 03/15/33 144A                   | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    500000 | PA      | $529466.50    | 0.43%             | 2033-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Light & Wonder International Inc.                                                                | LNW 6.25 10/01/33 144A                  | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1469535.00   | 1.20%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SMURFIT-STONE ESCROW EQUITY                                                                      | SMURFIT-STONE ESCROW EQUITY             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       725 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Herc Holdings Inc                                                                                | HRI 7.25 06/15/33 144A                  | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1024254.00   | 0.84%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Jefferson Capital Holdings LLC                                                                   | JEFCAP 8.25 05/15/30 144A               | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1040347.00   | 0.85%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Macys Retail Holdings LLC                                                                        | M 4.5 12/15/34                          | CUSIP: 55616XAM9<br>LEI: 549300JMONK27O4SQQ19 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1062845.50   | 0.87%             | 2034-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Block Inc                                                                                        | XYZ 6 08/15/33 144A                     | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $980813.50    | 0.80%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Open Text Corp                                                                                   | OTEXCN 6.9 12/01/27 144A                | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    675000 | PA      | $692643.15    | 0.57%             | 2027-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                                             | CCL 5.75 08/01/32 144A                  | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1000000 | PA      | $999730.01    | 0.82%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Arcosa Inc                                                                                       | ACA 6.875 08/15/32 144A                 | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1535970.00   | 1.26%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Commercial Metals Company                                                                        | CMC 6 12/15/35 144A                     | CUSIP: 201723AV5<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $985503.20    | 0.81%             | 2035-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Encompass Health Corporation                                                                     | EHC 4.75 02/01/30                       | CUSIP: 29261AAB6<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1954863.00   | 1.60%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| K Hovnanian Enterprises Inc                                                                      | HOV 8.375 10/01/33 144A                 | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1285188.97   | 1.05%             | 2033-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Viking Baked Goods Acquisition Corp                                                              | RISBAK 8.625 11/01/31 144A              | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $989233.50    | 0.81%             | 2031-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Columbus McKinnon Corp.                                                                          | CMCO 7.125 02/01/33 144A                | CUSIP: 199333AK1<br>LEI: 549300W3HQB0HO1F3G69 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994763.88    | 0.82%             | 2033-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                                                             | SHEARE 7.875 03/01/31 144A              | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1526238.00   | 1.25%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Prime Healthcare Services Inc                                                                    | PRIHEA 9.375 09/01/29 144A              | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1555815.00   | 1.28%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings Llc                                                                         | CE 7.375 02/15/34                       | CUSIP: 15089QBD5<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1024183.00   | 0.84%             | 2034-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Asurion LLC / Asurion Co-Issuer Inc.                                                             | ASUCOR 8.375 02/01/34 144A              | CUSIP: 045941AB7<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $968883.20    | 0.79%             | 2034-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                                                                | POWSOL 6.75 02/15/30 144A               | CUSIP: 18060TAD7<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1532325.00   | 1.26%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Capstone Copper Corp                                                                             | CAPCOP 6.75 03/31/33 144A               | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1495328.70   | 1.23%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Wolverine World Wide, Inc.                                                                       | WWW 4 08/15/29 144A                     | CUSIP: 978097AG8<br>LEI: 549300OVC7PK14LQ8D87 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $925966.80    | 0.76%             | 2029-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                                                                      | CRGYFN 7.375 01/15/33 144A              | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999697.90    | 0.82%             | 2033-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Service Corporation International                                                                | SCI 4 05/15/31                          | CUSIP: 817565CG7<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1397248.20   | 1.15%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                                            | AAL 5.5 04/20/26 144A                   | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     87500 | PA      | $87532.29     | 0.07%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Amkor Technology, Inc.                                                                           | AMKR 5.875 10/01/33 144A                | CUSIP: 031652BL3<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498075.07    | 0.41%             | 2033-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Sirius Xm Radio LLC                                                                              | SIRI 5.5 07/01/29 144A                  | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1543441.18   | 1.27%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Crown Americas LLC                                                                               | CCK 5.875 06/01/33                      | CUSIP: 22819CAA6<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1499203.05   | 1.23%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| W. R. Grace Holdings Llc                                                                         | GRA 6.625 08/15/32 144A                 | CUSIP: 92943GAF8<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1457176.85   | 1.19%             | 2032-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Oak-Eagle AcquireCo Inc.                                                                         | EA 7.25 07/01/33 144A                   | CUSIP: 67124CAA1<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1037426.70   | 0.85%             | 2033-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Paradigm Parent LLC / Paradigm Parent Co-Issuer Inc.                                             | PDCO 8.75 04/17/32 144A                 | CUSIP: 69902PAA6<br>LEI: 254900EDT9YE5UFH3458 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $888042.00    | 0.73%             | 2032-04-17      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Boyd Gaming Corporation                                                                          | BYD 4.75 06/15/31 144A                  | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1425752.55   | 1.17%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                                      | FMCN 7.25 02/15/34 144A                 | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1017912.00   | 0.83%             | 2034-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Elanco Animal Health Inc                                                                         | ELAN 4.9 08/28/28                       | CUSIP: 28414HAG8<br>LEI: 549300SHPNDCE059M934 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1075957.05   | 0.88%             | 2028-08-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                                                                       | AMNPHA 6.875 08/01/32 144A              | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1029899.00   | 0.84%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                                                            | BBWI 6.875 11/01/35                     | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1467176.70   | 1.20%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corporation                                           | MPW 8.5 02/15/32 144a                   | CUSIP: 55342UAQ7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013826.10   | 0.83%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| METHANEX US OPERATIONS INC                                                                       | MXCN 6.25 03/15/32 144A                 | CUSIP: 59151LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1533498.00   | 1.26%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Solstice Advanced Materials Inc.                                                                 | SOLADV 5.625 09/30/33 144A              | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983403.10    | 0.81%             | 2033-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                                         | VST 6.875 04/15/32 144A                 | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1550838.93   | 1.27%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Williams Scotsman International Inc                                                              | WLSC 4.625 08/15/28 144A                | CUSIP: 96950GAE2<br>LEI: 549300V3TCHCBOBTGH07 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1327565.70   | 1.09%             | 2028-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Gray Media Inc.                                                                                  | GTN 10.5 07/15/29 144A                  | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    900000 | PA      | $956098.82    | 0.78%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Forvia SE                                                                                        | EOFP 6.75 09/15/33 144A                 | CUSIP: 31209DAC9<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $975577.90    | 0.80%             | 2033-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| William Carter Company                                                                           | CRI 7.375 02/15/31 144A                 | CUSIP: 96926JAG2<br>LEI: TGI2A0HXEYNQPU7TYV27 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1019744.00   | 0.84%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Acrisure Llc / Acrisure Fin Inc                                                                  | ACRISU 6.75 07/01/32 144A               | CUSIP: 004961AA6<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $963909.60    | 0.79%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Permian Resources Operating, LLC                                                                 | PR 6.25 02/01/33 144A                   | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1528062.00   | 1.25%             | 2033-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Energizer Holdings Inc                                                                           | ENR 6 09/15/33 144A                     | CUSIP: 29272WAG4<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $935800.40    | 0.77%             | 2033-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Clean Harbors, Inc.                                                                              | CLH 6.375 02/01/31 144A                 | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1522674.00   | 1.25%             | 2031-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Surgery Center Holdings, Inc.                                                                    | SURCEN 7.25 04/15/32 144A               | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1467701.40   | 1.20%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Insulet Corporation                                                                              | PODD 6.5 04/01/33 144A                  | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1018265.00   | 0.83%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                 | CHTR 5.125 05/01/27 144A                | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    515000 | PA      | $514395.08    | 0.42%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                  | TDG 6 01/15/33 144A                     | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1499774.55   | 1.23%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Alumina Pty Ltd.                                                                                 | AA 6.375 09/15/32 144A                  | CUSIP: 02220AAB3<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |   2000000 | PA      | $2054508.00   | 1.68%             | 2032-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Lightning Power LLC                                                                              | LIGPLL 7.25 08/15/32 144A               | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1039380.00   | 0.85%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | 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