# EDGAR Filing Document

**Accession Number:** 0000702340
**File Stem:** 0000940400-26-020263
**Filing Date:** 2026-5
**Character Count:** 14365
**Document Hash:** 0cbb3405fc7019998041d015d2827623
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020263.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000940400-26-020263

**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:** 261007354

**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

### Moderately Aggressive Allocation Fund (Series ID: S000022088)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000063379 | Moderately Aggressive Allocation Fund |  |

## Nport-Ex

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

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

#### Moderately Aggressive Allocation Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **AFFILIATED EQUITY FUNDS — 69.5%** | **AFFILIATED EQUITY FUNDS — 69.5%** | **AFFILIATED EQUITY FUNDS — 69.5%** |
| Penn Series Flexibly Managed Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;140100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16121320 |
| Penn Series Index 500 Fund\* | &nbsp;&nbsp;&nbsp;747595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44594031 |
| Penn Series Large Cap Growth Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;40088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1781901 |
| Penn Series Large Cap Value Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;189919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10946924 |
| Penn Series Large Core Growth Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;150162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5306720 |
| Penn Series Large Core Value Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;189413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7210942 |
| Penn Series Large Growth Stock Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;72388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7023109 |
| Penn Series Mid Cap Growth Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;98219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3585982 |
| Penn Series Mid Cap Value Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;49492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1837159 |
| Penn Series Mid Core Value Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;170322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7236975 |
| Penn Series Real Estate Securities Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;247395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8770150 |
| Penn Series Small Cap Index Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;138695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5474320 |
| Penn Series SMID Cap Growth Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;34903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1825072 |
| Penn Series SMID Cap Value Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;82926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3675269 |
| **TOTAL AFFILIATED EQUITY FUNDS<br> (Cost $89,325,704)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**125389874** |
| **AFFILIATED FIXED INCOME FUNDS — 17.1%** | **AFFILIATED FIXED INCOME FUNDS — 17.1%** | **AFFILIATED FIXED INCOME FUNDS — 17.1%** |
| Penn Series High Yield Bond Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;88002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1811083 |
| Penn Series Limited Maturity Bond Fund\* | &nbsp;&nbsp;&nbsp;235006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3626146 |
| Penn Series Quality Bond Fund\* | 1447848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25366293 |
| **TOTAL AFFILIATED FIXED INCOME FUNDS<br> (Cost $28,048,689)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**30803522** |
| **AFFILIATED INTERNATIONAL EQUITY FUNDS — 13.1%** | **AFFILIATED INTERNATIONAL EQUITY FUNDS — 13.1%** | **AFFILIATED INTERNATIONAL EQUITY FUNDS — 13.1%** |
| Penn Series Developed International Index Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;540138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12768865 |
| Penn Series Emerging Markets Equity Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;128770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1798908 |
| Penn Series International Equity Fund\* | &nbsp;&nbsp;&nbsp;205029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8980267 |
| **TOTAL AFFILIATED INTERNATIONAL EQUITY FUNDS<br> (Cost $19,228,061)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23548040** |
| **TOTAL INVESTMENTS — 99.7%<br> (Cost $136,602,454)** |  | &nbsp;&nbsp;**$179741436** |
| **Other Assets & Liabilities — 0.3%** | **Other Assets & Liabilities — 0.3%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**553392** |
| **TOTAL NET ASSETS — 100.0%** |  | &nbsp;&nbsp;**$180294828** |

---

------

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Conshohocken

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19428

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

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

- **a. Name of Series:** Penn Series Moderately Aggressive Allocation Fund

- **b. EDGAR series identifier (if any):** S000022088

- **c. LEI of Series:** 549300ZHYPEVYWYMOQ42

**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:** $181151077.28

**Total Liabilities:** $347739.66

**Net Assets:** $180803337.62

**Cash Not Reported:** $1248000.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063379 | 1.80%                | 1.25%                | -4.98%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $619979.71               | $2839962.18                                |
| Month 2  | $654071.03               | $1755077.00                                |
| Month 3  | $1452555.99              | $-11015380.21                              |

### Schedule of Portfolio Investments

| Name                  | Title                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Penn Series Funds Inc | Penn Series Large Cap Growth Fund              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     40123 | NS      | $1783488.55   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Flexibly Managed Fund              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    140224 | NS      | $16135609.28  | 8.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series SMID Cap Growth Fund               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     34933 | NS      | $1826660.11   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Large Core Value Fund              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    189580 | NS      | $7217293.01   | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Index 500 Fund                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    748260 | NS      | $44633723.55  | 24.69%            |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Mid Cap Value Fund                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     49535 | NS      | $1838746.74   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Mid Core Value Fund                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    170471 | NS      | $7243325.45   | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Large Cap Value Fund               | CUSIP: 000000000<br>LEI: 549300GLJSCMRCVZWX45 | Long             | EC               | RF                | US        |    190084 | NS      | $10956450.81  | 6.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series SMID Cap Value Fund                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     82997 | NS      | $3678444.28   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Large Growth Stock Fund            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     72454 | NS      | $7029459.82   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Quality Bond Fund                  | CUSIP: 000000000<br>LEI: 549300GLJSCMRCVZWX45 | Long             | EC               | RF                | US        |   1449117 | NS      | $25388521.34  | 14.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Large Core Growth Fund             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    150297 | NS      | $5311483.50   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Real Estate Securities Fund        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    247619 | NS      | $8778088.48   | 4.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Developed International Index Fund | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    540608 | NS      | $12779978.86  | 7.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Mid Cap Growth Fund                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     98306 | NS      | $3589157.87   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series High Yield Bond Fund               | CUSIP: 000000000<br>LEI: 549300GLJSCMRCVZWX45 | Long             | EC               | CORP              | US        |     88079 | NS      | $1812670.97   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Limited Maturity Bond Fund         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    235212 | NS      | $3629320.84   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Emerging Markets Equity Fund       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    128883 | NS      | $1800495.64   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series International Equity Fund          | CUSIP: 000000000<br>LEI: 549300GLJSCMRCVZWX45 | Long             | EC               | RF                | US        |    205210 | NS      | $8988205.71   | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Small Cap Index Fund               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    138816 | NS      | $5479082.72   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-21

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

**Signature:** Steven Viola

**Name of Signer:** Steven Viola

**Title:** Treasurer