# EDGAR Filing Document

**Accession Number:** 0000702340
**File Stem:** 0001752724-23-035366
**Filing Date:** 2023-2
**Character Count:** 58406
**Document Hash:** fa82f373c90afcb46235bf5681d6fec2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035366.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035366

**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:** 23657263

**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

### Quality Bond Fund (Series ID: S000006730)

| Class ID   | Class Name        | Ticker Symbol   |
|:---|:---|:---|
| C000018293 | Quality Bond 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 Quality Bond Fund

- **b. EDGAR series identifier (if any):** S000006730

- **c. LEI of Series:** 6EJYQY10X26QDQ79NP61

**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:** $354926421.09

**Total Liabilities:** $311174.64

**Net Assets:** $354615246.45

**Cash Not Reported:** $1342154.22

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 220.17870000 | **1-Year:** 18184.12901000 | **5-Year:** 81266.42292000 | **10-Year:** 82044.20225000 | **30-Year:** 8217.24607000

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

- **3-Month:** 78.10539000 | **1-Year:** 746.95891000 | **5-Year:** 2340.72468000 | **10-Year:** 2666.30989000 | **30-Year:** 385.88112000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018293 | -1.50%               | 3.05%                | 0.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2425126.78             | $-2037914.72                               |
| Month 2  | $-415773.28              | $8580241.35                                |
| Month 3  | $-783985.74              | $156027.19                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WELLS FARGO & COMPANY                       | Wells Fargo & Co                                             | CUSIP: 94988U151<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     60000 | NS      | $1099200.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2021-1                              | CUSIP: 46592EAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5247561 | PA      | $4226338.51   | 1.19%             | 2051-06-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE SERVICE CORP                    | Health Care Service Corp A Mutual Legal Reserve Co           | CUSIP: 42218SAF5<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1612369.54   | 0.45%             | 2030-06-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2022-1                            | CUSIP: 46654WAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4659328 | PA      | $3752580.64   | 1.06%             | 2052-07-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                              | AutoNation Inc                                               | CUSIP: 05329WAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1199041.59   | 0.34%             | 2028-08-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| MARTIN MARIETTA MATERIAL                    | Martin Marietta Materials Inc                                | CUSIP: 573284AN6<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2960881.14   | 0.83%             | 2024-07-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                             | CUSIP: 912810SQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3150000 | PA      | $1971210.94   | 0.56%             | 2040-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| ECMC Group Student Loan Trust               | ECMC Group Student Loan Trust 2018-2                         | CUSIP: 26829GAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2976100 | PA      | $2832722.45   | 0.80%             | 2068-09-25      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2017-5                                | CUSIP: 81746DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    767485 | PA      | $671527.15    | 0.19%             | 2047-08-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2020-INV1                                          | CUSIP: 12560AAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1516616 | PA      | $1292781.33   | 0.36%             | 2050-04-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                    | AerCap Ireland Capital DAC / AerCap Global Aviation Trust    | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   3000000 | PA      | $2518437.21   | 0.71%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                              | Microsoft Corp                                               | CUSIP: 594918BD5<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1670787.48   | 0.47%             | 2045-02-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Telos CLO Ltd                               | Telos Clo 2013-3 Ltd                                         | CUSIP: 87969DAN7<br>LEI: 25490083G97ZZN6SR263 | Long             | ABS-CBDO         | CORP              | KY        |    320656 | PA      | $320728.93    | 0.09%             | 2026-07-17      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| MONONGAHELA POWER CO                        | Monongahela Power Co                                         | CUSIP: 610202BR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2352615.43   | 0.66%             | 2027-05-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                        | FREMF 2015-K48 Mortgage Trust                                | CUSIP: 30293HAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4756568.00   | 1.34%             | 2048-08-25      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                        | FREMF 2016-K53 Mortgage Trust                                | CUSIP: 30288LAQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3525000 | PA      | $3288601.16   | 0.93%             | 2049-03-25      | Variable      | 4.02%                 | No            |                  2 | On Loan: No      |
| Steele Creek CLO Ltd                        | Steele Creek CLO 2016-1 Ltd                                  | CUSIP: 858102AY2<br>LEI: 5493003PZ3HX9NW9PS65 | Long             | ABS-CBDO         | CORP              | KY        |   3250000 | PA      | $3074834.75   | 0.87%             | 2031-06-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                   | Apple Inc                                                    | CUSIP: 037833CD0<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3412016.56   | 0.96%             | 2046-08-04      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Trimaran Advisors CAVU 2019-1               | Trimaran Cavu 2019-1 Ltd                                     | CUSIP: 89624CAG7<br>LEI: 549300IGMQ24BLOIU872 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3773224.00   | 1.06%             | 2032-07-20      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| HERSHEY COMPANY                             | Hershey Co/The                                               | CUSIP: 427866BE7<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $1765232.94   | 0.50%             | 2030-06-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 31418ECA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6320127 | PA      | $5557816.52   | 1.57%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                              | Merck & Co Inc                                               | CUSIP: 58933YAV7<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $1941433.87   | 0.55%             | 2039-03-07      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Corp Trust 2020-PJ3            | CUSIP: 36258WAR3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2709106 | PA      | $2167829.76   | 0.61%             | 2050-10-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                            | Duke Energy Corp                                             | CUSIP: 26441C402<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EP               | CORP              | US        |    134000 | NS      | $3055200.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 3140JBTJ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5165412 | PA      | $4676075.17   | 1.32%             | 2045-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P              | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137FMTY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $1826994.20   | 0.52%             | 2029-06-25      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru              | SMB Private Education Loan Trust 2014-A                      | CUSIP: 784456AE5<br>LEI: 549300XC4C7GRVLU6076 | Long             | ABS-O            | CORP              | US        |   2430000 | PA      | $2272325.32   | 0.64%             | 2042-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | 2 YEAR US TREASURY NOTE                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       318 | NC      | $71472.41     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OZLM Ltd                                    | OZLM XI Ltd                                                  | CUSIP: 67109UAU6<br>LEI: 5493009CITK5BZZY6417 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3854700.00   | 1.09%             | 2030-10-30      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                         | Gilead Sciences Inc                                          | CUSIP: 375558BY8<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2386449.18   | 0.67%             | 2030-10-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| BNSF RAILWAY CO 2015-1 P                    | BNSF Railway Co 2015-1 Pass Through Trust                    | CUSIP: 05581JAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2153703 | PA      | $2022354.27   | 0.57%             | 2028-06-16      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| Highbridge Loan Management Ltd              | Highbridge Loan Management 7-2015 Ltd                        | CUSIP: 40437RAC3<br>LEI: 254900IU43NDZ7HEB142 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1993680.00   | 0.56%             | 2027-03-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                        | FREMF 2018-K731 Mortgage Trust                               | CUSIP: 30296NAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6610000 | PA      | $6294526.51   | 1.78%             | 2025-02-25      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund                 | BlackRock Liquidity FedFund                                  | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |    815766 | NS      | $815766.24    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CHURCH & DWIGHT CO INC                      | Church & Dwight Co Inc                                       | CUSIP: 17136MAA0<br>LEI: POOXSI30AWAQGYJZC921 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2411763.60   | 0.68%             | 2031-12-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                      | NXP BV / NXP Funding LLC / NXP USA Inc                       | CUSIP: 62954HAX6<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   2000000 | PA      | $1814506.44   | 0.51%             | 2027-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                           | Johnson & Johnson                                            | CUSIP: 478160CF9<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2659616.19   | 0.75%             | 2037-03-03      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2021-5                                | CUSIP: 81748XAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3188715 | PA      | $2679639.05   | 0.76%             | 2051-07-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2020-INV1                           | CUSIP: 46591VBR9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4747865 | PA      | $3607390.08   | 1.02%             | 2050-08-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| Black Diamond CLO Ltd                       | Black Diamond Clo 2019-2 Ltd                                 | CUSIP: 09204GAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2760978 | PA      | $2702757.26   | 0.76%             | 2032-07-23      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trus              | Fontainebleau Miami Beach Trust 2019-FBLU                    | CUSIP: 34461LAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2331695.00   | 0.66%             | 2036-12-10      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON AND CO                     | Becton Dickinson and Co                                      | CUSIP: 075887BW8<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |   1956000 | PA      | $1852524.14   | 0.52%             | 2027-06-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| JM SMUCKER CO                               | J M Smucker Co/The                                           | CUSIP: 832696AR9<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2547763.10   | 0.72%             | 2027-12-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds               | CUSIP: 912810SM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3477450 | PA      | $2344607.27   | 0.66%             | 2050-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE GAS & ELEC                       | Louisville Gas and Electric Co                               | CUSIP: 546676AY3<br>LEI: KO3GRIB3RPH1XDX50U72 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2505697.26   | 0.71%             | 2049-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                             | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1517343.76   | 0.43%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru              | SMB Private Education Loan Trust 2015-C                      | CUSIP: 78448RAD8<br>LEI: 549300GD7VLLBVPDNJ81 | Long             | ABS-O            | CORP              | US        |   2004715 | PA      | $2006373.55   | 0.57%             | 2032-08-16      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                   | Boeing Co/The                                                | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1819098.02   | 0.51%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 3140L8JK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3869831 | PA      | $2991315.99   | 0.84%             | 2051-06-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                     | Bristol-Myers Squibb Co                                      | CUSIP: 110122CP1<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    928000 | PA      | $862407.52    | 0.24%             | 2029-07-26      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                     | Dell International LLC / EMC Corp                            | CUSIP: 24703TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $800499.35    | 0.23%             | 2023-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru              | SMB Private Education Loan Trust 2015-C                      | CUSIP: 78448RAE6<br>LEI: 549300GD7VLLBVPDNJ81 | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4702544.00   | 1.33%             | 2043-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Nassau LTD                                  | Nassau 2017-I Ltd                                            | CUSIP: 631707AQ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2483626 | PA      | $2392712.41   | 0.67%             | 2029-10-15      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| Ocean Trails CLO                            | Ocean Trails CLO V                                           | CUSIP: 67515EAR7<br>LEI: 549300RX29DPTX81VW10 | Long             | ABS-CBDO         | CORP              | KY        |   2457289 | PA      | $2401208.67   | 0.68%             | 2031-10-13      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                        | Keurig Dr Pepper Inc                                         | CUSIP: 49271VAN0<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1610811.80   | 0.45%             | 2031-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                           | State Street Corp                                            | CUSIP: 857477AX1<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   3830000 | PA      | $3496212.13   | 0.99%             | 2028-05-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| KIMBERLY-CLARK CORP                         | Kimberly-Clark Corp                                          | CUSIP: 494368CB7<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1804307.90   | 0.51%             | 2030-03-26      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                        | FREMF 2017-K63 Mortgage Trust                                | CUSIP: 30300HAG1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1500000 | PA      | $1392307.65   | 0.39%             | 2050-02-25      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| First Eagle BSL CLO LLC                     | First Eagle BSL CLO 2019-1 Ltd                               | CUSIP: 32010FAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3871828.00   | 1.09%             | 2033-01-20      | Floating      | 7.49%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2021-1                              | CUSIP: 46592EBM7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3923410 | PA      | $3057870.60   | 0.86%             | 2051-06-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN UNIVERSITY                       | Georgetown University/The                                    | CUSIP: 37310PAC5<br>LEI: 549300GCL3B0KVXSX752 | Long             | DBT              | CORP              | US        |   2710000 | PA      | $2272572.97   | 0.64%             | 2049-04-01      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                        | FREMF 2019-K95 Mortgage Trust                                | CUSIP: 30311MAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2221622.25   | 0.63%             | 2052-08-25      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                             | CUSIP: 3132DWER0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3929717 | PA      | $3690921.57   | 1.04%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2020-4                                | CUSIP: 81748RAV9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2931365 | PA      | $2294939.20   | 0.65%             | 2050-11-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                           | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1670000.00   | 0.47%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY CORP                           | Kimco Realty Corp                                            | CUSIP: 49446RAP4<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2755477.26   | 0.78%             | 2026-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                        | FREMF 2019-K736 Mortgage Trust                               | CUSIP: 30298MAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1390009.80   | 0.39%             | 2026-07-25      | Variable      | 3.76%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                          | Union Pacific Corp                                           | CUSIP: 907818EB0<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   3336000 | PA      | $2830535.25   | 0.80%             | 2035-02-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 31418D7E6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2820200 | PA      | $2303459.14   | 0.65%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UNIV SOUTHERN CALIFORIA                     | University of Southern California                            | CUSIP: 914886AB2<br>LEI: 0GMCSQ6M60R4T46U5511 | Long             | DBT              | CORP              | US        |   2820000 | PA      | $2233621.52   | 0.63%             | 2039-10-01      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se              | Wells Fargo Mortgage Backed Securities 2020-3 Trust          | CUSIP: 95002TAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1437484 | PA      | $1190051.06   | 0.34%             | 2050-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| SPRINT LLC                                  | Sprint LLC                                                   | CUSIP: 85207UAF2<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2332441.50   | 0.66%             | 2023-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VULCAN MATERIALS CO                         | Vulcan Materials Co                                          | CUSIP: 929160AS8<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |   3140000 | PA      | $3116193.87   | 0.88%             | 2025-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                    | Northern States Power Co/MN                                  | CUSIP: 665772CQ0<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3102186.52   | 0.87%             | 2047-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                | Centene Corp                                                 | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $914189.01    | 0.26%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAP INC                     | GlaxoSmithKline Capital Inc                                  | CUSIP: 377372AB3<br>LEI: 5493007Q8VD7Q3ZYZS59 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1030385.27   | 0.29%             | 2034-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                        | FREMF 2016-K52 Mortgage Trust                                | CUSIP: 30294DAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5065000 | PA      | $4787487.13   | 1.35%             | 2049-01-25      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2019-C51               | CUSIP: 95001VAT7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2653978.80   | 0.75%             | 2052-06-15      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| New Hampshire Higher Education              | New Hampshire Higher Education Loan Corp                     | CUSIP: 644622AB8<br>LEI: 254900HSRKF2XFNCHT93 | Long             | ABS-MBS          | CORP              | US        |   3389271 | PA      | $2977857.20   | 0.84%             | 2060-09-25      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                        | Edison International                                         | CUSIP: 281020AQ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1931917.92   | 0.54%             | 2024-11-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                             | SBA Tower Trust                                              | CUSIP: 78403DAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1320514.95   | 0.37%             | 2026-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                        | FREMF 2019-K102 Mortgage Trust                               | CUSIP: 30312WAE9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $4208851.00   | 1.19%             | 2051-12-25      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| MARS INC                                    | Mars Inc                                                     | CUSIP: 571676AJ4<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2606413.41   | 0.73%             | 2026-07-16      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                   | Towd Point Mortgage Trust 2021-1                             | CUSIP: 89179YAW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $1962271.25   | 0.55%             | 2061-11-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| ALLFIRST PFD CAP TRUST                      | Allfirst Preferred Capital Trust                             | CUSIP: 01852FAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3281715.68   | 0.93%             | 2029-07-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | Goldman Sachs Group Inc/The                                  | CUSIP: 38141GYJ7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2335612.59   | 0.66%             | 2032-07-21      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD                           | Battalion Clo XV Ltd                                         | CUSIP: 07131AAA2<br>LEI: 549300CJP8HGT746II19 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3916208.00   | 1.10%             | 2033-01-17      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                        | Kraft Heinz Foods Co                                         | CUSIP: 50077LAX4<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   2940000 | PA      | $2591975.06   | 0.73%             | 2039-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                            | T-Mobile USA Inc                                             | CUSIP: 87264ABU8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2748603.00   | 0.78%             | 2026-04-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| VF CORP                                     | VF Corp                                                      | CUSIP: 918204BB3<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2722391.46   | 0.77%             | 2027-04-23      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Winwater Mortgage Loan Trust                | WinWater Mortgage Loan Trust 2016-1                          | CUSIP: 97655JCD2<br>LEI: 5493007FSEV8PHXVE122 | Long             | ABS-MBS          | CORP              | US        |   2029766 | PA      | $1802581.90   | 0.51%             | 2046-01-20      | Variable      | 3.78%                 | No            |                  2 | On Loan: No      |
| PERKINELMER INC                             | PerkinElmer Inc                                              | CUSIP: 714046AN9<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1572710.60   | 0.44%             | 2031-09-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                        | FREMF 2017-K729 Mortgage Trust                               | CUSIP: 30306HAU4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2460000 | PA      | $2321985.39   | 0.65%             | 2049-11-25      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US ULTRA TREASURY BOND                                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       149 | NC      | $40435.62     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES CAPITAL CORP                           | Ares Capital Corp                                            | CUSIP: 04010LBB8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $2810997.77   | 0.79%             | 2028-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| GENERAL DYNAMICS CORP                       | General Dynamics Corp                                        | CUSIP: 369550BG2<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2925351.30   | 0.82%             | 2025-05-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                | Centene Corp                                                 | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1564946.22   | 0.44%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                        | FREMF 2018-K85 Mortgage Trust                                | CUSIP: 30308KAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3167259.55   | 0.89%             | 2050-12-25      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT                          | Seasoned Credit Risk Transfer Trust                          | CUSIP: 35563P2U2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3100000 | PA      | $2211852.48   | 0.62%             | 2060-11-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                | CSMC Trust 2013-IVR2                                         | CUSIP: 12646WAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4101821 | PA      | $3581404.05   | 1.01%             | 2043-04-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                      | SLM Student Loan Trust 2014-2                                | CUSIP: 78448GAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3561233 | PA      | $3433217.79   | 0.97%             | 2055-03-25      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| KEYCORP CAPITAL I                           | KeyCorp Capital I                                            | CUSIP: 49326MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2640000 | PA      | $2378219.76   | 0.67%             | 2028-07-01      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| American Money Management Corp              | AMMC CLO 16 Ltd                                              | CUSIP: 00176JBB1<br>LEI: 549300I1YCI83LUUYL82 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2889567.00   | 0.81%             | 2029-04-14      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                        | FREMF 2019-K735 Mortgage Trust                               | CUSIP: 30298FAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6000000 | PA      | $5641741.20   | 1.59%             | 2026-05-25      | Variable      | 4.02%                 | No            |                  2 | On Loan: No      |
| BHMS Mortgage Trust                         | BHMS 2018-ATLS                                               | CUSIP: 05549GAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1894246.40   | 0.53%             | 2035-07-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 3140FXNG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6052777 | PA      | $5488925.83   | 1.55%             | 2048-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DELTA AIRLINES 2015B                        | Delta Air Lines 2015-1 Class B Pass Through Trust            | CUSIP: 24737AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1605912 | PA      | $1574171.05   | 0.44%             | 2023-07-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                      | Pacific Gas and Electric Co                                  | CUSIP: 694308HR1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2024328.54   | 0.57%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALM Loan Funding                            | ALM 2020 Ltd                                                 | CUSIP: 00166FAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2917896.00   | 0.82%             | 2029-10-15      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                     | CUSIP: 345397C27<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1865800.00   | 0.53%             | 2027-05-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                    | Constellation Brands Inc                                     | CUSIP: 21036PBH0<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2391047.91   | 0.67%             | 2031-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                        | OneMain Finance Corp                                         | CUSIP: 85172FAF6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3014814.18   | 0.85%             | 2023-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds               | CUSIP: 912810SV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3433950 | PA      | $2211231.29   | 0.62%             | 2051-02-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2019-B9 Mortgage Trust                             | CUSIP: 08160JAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4718884.50   | 1.33%             | 2052-03-15      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                          | CUSIP: 161480AB4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $2979252.45   | 0.84%             | 2027-02-01      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| ZOETIS INC                                  | Zoetis Inc                                                   | CUSIP: 98978VAK9<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2982441.84   | 0.84%             | 2025-11-13      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fortress Credit BSL Limited                 | Fortress Credit BSL III Ltd                                  | CUSIP: 34960NAN6<br>LEI: 254900YLOC3GWX1QOU79 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2864421.00   | 0.81%             | 2031-04-18      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                        | WR Grace Holdings LLC                                        | CUSIP: 92943GAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2955000.00   | 0.83%             | 2024-10-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                  | Verus Securitization Trust 2019-INV2                         | CUSIP: 92537HAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1766717 | PA      | $1702123.25   | 0.48%             | 2059-07-25      | Variable      | 3.22%                 | No            |                  2 | On Loan: No      |
| Deerpath Capital CLO LTD                    | Deerpath Capital CLO 2020-1 LTD                              | CUSIP: 24460RAA1<br>LEI: 9845003DAB58C69E1D91 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2454330.00   | 0.69%             | 2032-04-17      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| MEAD JOHNSON NUTRITION C                    | Mead Johnson Nutrition Co                                    | CUSIP: 582839AH9<br>LEI: E4BJRFT3MF4GJDY1SC50 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1960287.30   | 0.55%             | 2025-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2021-7                              | CUSIP: 46592NBP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5117380 | PA      | $3916796.63   | 1.10%             | 2051-11-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| UNIV OF MASSACHUSETTS MA BLDG               | University of Massachusetts Building Authority               | CUSIP: 914437UJ5<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |   4690000 | PA      | $4097876.71   | 1.16%             | 2028-11-01      | Fixed         | 2.42%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                       | Alibaba Group Holding Ltd                                    | CUSIP: 01609WAX0<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |   3000000 | PA      | $2396220.24   | 0.68%             | 2031-02-09      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Steele Creek CLO Ltd                        | Steele Creek Clo 2018-2 Ltd                                  | CUSIP: 85816LAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4413708.00   | 1.24%             | 2031-08-18      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                      | SLM Student Loan Trust 2012-6                                | CUSIP: 78447GAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4860000 | PA      | $4078292.81   | 1.15%             | 2043-04-27      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| BROOKLYN UNION GAS CO                       | Brooklyn Union Gas Co/The                                    | CUSIP: 114259AN4<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2346111.70   | 0.66%             | 2026-03-10      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                         | COMM 2014-CCRE20 Mortgage Trust                              | CUSIP: 12592LBH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4131389 | PA      | $3939030.74   | 1.11%             | 2047-11-10      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                      | Verizon Communications Inc                                   | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2471292.66   | 0.70%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                              | Salesforce Inc                                               | CUSIP: 79466LAK0<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2155016.07   | 0.61%             | 2041-07-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                              | CUSIP: 31418D6B3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4666217 | PA      | $3810172.24   | 1.07%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE TOWERS LLC                     | Crown Castle Towers LLC                                      | CUSIP: 22822RBD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3877545.20   | 1.09%             | 2025-05-15      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                      | Roper Technologies Inc                                       | CUSIP: 776743AN6<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1270351.74   | 0.36%             | 2027-09-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                            | Trinitas CLO XIV Ltd                                         | CUSIP: 89641QAJ9<br>LEI: 549300095MXHZZMH2053 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2413237.50   | 0.68%             | 2034-01-25      | Floating      | 8.66%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                       | Alibaba Group Holding Ltd                                    | CUSIP: 01609WAT9<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $921233.70    | 0.26%             | 2027-12-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                            | Trinitas CLO XII Ltd                                         | CUSIP: 89641GAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1939992.00   | 0.55%             | 2033-04-25      | Floating      | 7.36%                 | No            |                  2 | 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