Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Mid Core Value Fund
Number of Shares | Value† | |
COMMON STOCKS — 91.3% | ||
Aerospace & Defense — 2.6% | ||
BAE Systems PLC | 144,276 | $1,092,754 |
General Dynamics Corp. | 7,557 | 1,481,399 |
2,574,153 | ||
Airlines — 1.8% | ||
Southwest Airlines Co.* | 34,938 | 1,796,861 |
Auto Manufacturers — 2.3% | ||
Cummins, Inc. | 2,164 | 485,948 |
Honda Motor Co., Ltd., ADR | 31,026 | 951,567 |
PACCAR, Inc. | 10,894 | 859,755 |
2,297,270 | ||
Auto Parts & Equipment — 1.8% | ||
BorgWarner, Inc. | 31,513 | 1,361,677 |
Bridgestone Corp. | 10,500 | 496,767 |
1,858,444 | ||
Banks — 10.6% | ||
Commerce Bancshares, Inc. | 2,629 | 183,189 |
Eastern Bankshares, Inc. | 5,875 | 119,263 |
First Hawaiian, Inc. | 27,927 | 819,657 |
M&T Bank Corp. | 7,723 | 1,153,353 |
Northern Trust Corp. | 20,288 | 2,187,249 |
Prosperity Bancshares, Inc. | 10,400 | 739,752 |
State Street Corp. | 6,412 | 543,225 |
The Bank of New York Mellon Corp. | 49,161 | 2,548,506 |
Truist Financial Corp. | 29,958 | 1,757,037 |
Westamerica BanCorp | 10,628 | 597,931 |
10,649,162 | ||
Building Materials — 0.0% | ||
Johnson Controls International PLC | 650 | 44,252 |
Chemicals — 0.8% | ||
Axalta Coating Systems Ltd.* | 28,907 | 843,795 |
Commercial Services — 0.5% | ||
Euronet Worldwide, Inc.* | 3,787 | 482,009 |
Computers — 1.9% | ||
Amdocs Ltd. | 8,217 | 622,109 |
HP, Inc. | 46,396 | 1,269,395 |
1,891,504 | ||
Diversified Financial Services — 2.0% | ||
Ameriprise Financial, Inc. | 3,918 | 1,034,822 |
T. Rowe Price Group, Inc. | 4,738 | 931,965 |
1,966,787 | ||
Electric — 6.0% | ||
Edison International | 30,941 | 1,716,297 |
Evergy, Inc. | 8,582 | 533,800 |
Eversource Energy | 7,456 | 609,603 |
NorthWestern Corp. | 24,673 | 1,413,763 |
Pinnacle West Capital Corp. | 20,375 | 1,474,335 |
Xcel Energy, Inc. | 3,929 | 245,563 |
5,993,361 |
Number of Shares | Value† | |
Electrical Components & Equipment — 1.7% | ||
Emerson Electric Co. | 17,897 | $1,685,897 |
Electronics — 2.5% | ||
Hubbell, Inc. | 4,183 | 755,743 |
nVent Electric PLC | 47,020 | 1,520,157 |
TE Connectivity Ltd. | 1,765 | 242,193 |
2,518,093 | ||
Environmental Control — 0.8% | ||
Republic Services, Inc. | 6,599 | 792,276 |
Food — 7.0% | ||
Conagra Brands, Inc. | 56,432 | 1,911,352 |
General Mills, Inc. | 11,408 | 682,426 |
Kellogg Co. | 10,478 | 669,754 |
Koninklijke Ahold Delhaize N.V. | 49,654 | 1,653,386 |
Orkla ASA | 80,417 | 738,083 |
Sysco Corp. | 8,037 | 630,904 |
The J.M. Smucker Co. | 6,362 | 763,631 |
7,049,536 | ||
Food Service — 1.0% | ||
Sodexo S.A.* | 11,691 | 1,021,743 |
Forest Products & Paper — 1.3% | ||
Mondi PLC | 54,368 | 1,332,342 |
Gas — 1.4% | ||
Atmos Energy Corp. | 8,507 | 750,317 |
Spire, Inc. | 10,847 | 663,620 |
1,413,937 | ||
Healthcare Products — 6.2% | ||
Baxter International, Inc. | 628 | 50,510 |
Envista Holdings Corp.* | 15,456 | 646,215 |
Henry Schein, Inc.* | 21,288 | 1,621,294 |
Koninklijke Philips N.V. | 17,451 | 775,523 |
Zimmer Biomet Holdings, Inc. | 21,225 | 3,106,491 |
6,200,033 | ||
Healthcare Services — 4.1% | ||
Centene Corp.* | 11,424 | 711,830 |
Quest Diagnostics, Inc. | 11,229 | 1,631,686 |
Universal Health Services, Inc., Class B | 12,552 | 1,736,820 |
4,080,336 | ||
Household Products & Wares — 1.0% | ||
Kimberly-Clark Corp. | 7,597 | 1,006,147 |
Insurance — 6.8% | ||
Aflac, Inc. | 30,740 | 1,602,476 |
Arthur J. Gallagher & Co. | 2,644 | 393,031 |
Chubb Ltd. | 13,647 | 2,367,481 |
Reinsurance Group of America, Inc. | 14,326 | 1,593,911 |
The Allstate Corp. | 7,169 | 912,685 |
6,869,584 | ||
Internet — 1.2% | ||
F5 Networks, Inc.* | 6,139 | 1,220,310 |
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Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Mid Core Value Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Leisure Time — 0.7% | ||
Polaris, Inc. | 6,142 | $734,952 |
Machinery — Construction & Mining — 0.8% | ||
Oshkosh Corp. | 8,208 | 840,253 |
Machinery — Diversified — 0.4% | ||
Crane Co. | 1,903 | 180,423 |
IMI PLC | 8,939 | 198,705 |
379,128 | ||
Media — 1.6% | ||
Fox Corp., Class B | 42,208 | 1,566,761 |
Oil & Gas — 3.8% | ||
ConocoPhillips | 28,322 | 1,919,382 |
Devon Energy Corp. | 35,180 | 1,249,242 |
Pioneer Natural Resources Co. | 3,867 | 643,894 |
3,812,518 | ||
Oil & Gas Services — 1.0% | ||
Baker Hughes Co. | 39,753 | 983,092 |
Packaging and Containers — 3.1% | ||
Amcor PLC | 36,115 | 418,573 |
Packaging Corp. of America | 6,029 | 828,626 |
Sonoco Products Co. | 30,496 | 1,816,951 |
3,064,150 | ||
Pharmaceuticals — 3.9% | ||
Becton Dickinson and Co. | 4,167 | 1,024,332 |
Cardinal Health, Inc. | 29,899 | 1,478,805 |
McKesson Corp. | 6,877 | 1,371,136 |
3,874,273 | ||
Retail — 5.6% | ||
Advance Auto Parts, Inc. | 9,299 | 1,942,468 |
Beacon Roofing Supply, Inc.* | 7,830 | 373,961 |
Cracker Barrel Old Country Store, Inc. | 3,666 | 512,654 |
Dollar Tree, Inc.* | 14,349 | 1,373,486 |
MSC Industrial Direct Co., Inc., Class A | 17,938 | 1,438,448 |
5,641,017 | ||
Savings & Loans — 0.4% | ||
Capitol Federal Financial, Inc. | 37,478 | 430,622 |
Software — 3.4% | ||
CDK Global, Inc. | 15,234 | 648,207 |
Cerner Corp. | 25,885 | 1,825,410 |
Open Text Corp. | 20,134 | 981,331 |
3,454,948 | ||
Telecommunications — 0.7% | ||
Juniper Networks, Inc. | 24,347 | 670,029 |
Transportation — 0.6% | ||
Heartland Express, Inc. | 40,304 | 645,670 |
TOTAL COMMON STOCKS (Cost $80,652,611) | 91,685,245 |
Number of Shares | Value† | |
REAL ESTATE INVESTMENT TRUSTS — 5.6% | ||
Apartments — 0.9% | ||
Essex Property Trust, Inc. | 2,872 | $918,293 |
Diversified — 1.1% | ||
Equinix, Inc. | 985 | 778,278 |
Weyerhaeuser Co. | 8,795 | 312,838 |
1,091,116 | ||
Healthcare — 2.5% | ||
Healthcare Trust of America, Inc., Class A | 39,609 | 1,174,803 |
Healthpeak Properties, Inc. | 39,630 | 1,326,814 |
2,501,617 | ||
Hotels & Resorts — 1.0% | ||
MGM Growth Properties LLC, Class A | 25,009 | 957,845 |
Strip Centers — 0.1% | ||
Regency Centers Corp. | 2,240 | 150,819 |
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $4,657,994) | 5,619,690 | |
EXCHANGE TRADED FUNDS — 0.3% | ||
Investment Companies — 0.3% | ||
iShares Russell Mid-Cap Value ETF (Cost $350,840) | 2,998 | 339,523 |
SHORT-TERM INVESTMENTS — 2.5% | ||
BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 0.030%) (Cost $2,482,680) | 2,482,680 | 2,482,680 |
TOTAL INVESTMENTS — 99.7% (Cost $88,144,125) | $100,127,138 | |
Other Assets & Liabilities — 0.3% | 303,850 | |
TOTAL NET ASSETS — 100.0% | $100,430,988 |
† | See Security Valuation Note in the most recent semi-annual or annual report. |
* | Non-income producing security. |
ADR— American Depositary Receipt. |
ASA— Allmennaksjeselskap. |
ETF— Exchange-Traded Fund. |
LLC— Limited Liability Company. |
N.V.— Naamloze Vennootschap. |
PLC— Public Limited Company. |
S.A.— Societe Anonyme. |
2
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Mid Core Value Fund
Country Weightings as of 9/30/2021†† | |
United States | 86% |
United Kingdom | 5 |
Switzerland | 3 |
Netherlands | 2 |
Japan | 1 |
France | 1 |
Canada | 1 |
Norway | 1 |
Total | 100% |
†† | % of total investments as of September 30, 2021. |
Open forward foreign currency contracts held at September 30, 2021 were as follows:
Open forward foreign currency contracts | |||||||||||||||||
Currency | Counterparty | Settlement Date | Foreign Currency Contract | Forward Rate | U.S. Contract Amount | U.S. Contract Value | Unrealized Foreign Exchange Gain | Unrealized Foreign Exchange Loss | |||||||||
Buy | Japanese Yen | Bank of America | 12/30/2021 | 4,363,345 | 111.18068 | $39,366 | $39,246 | $— | $(120) | ||||||||
Sell | Japanese Yen | Bank of America | 12/30/2021 | (145,998,598) | 111.18067 | (1,332,291) | (1,313,165) | 19,126 | — | ||||||||
Sell | Euro | Credit Suisse | 12/31/2021 | (2,602,675) | 0.86147 | (3,059,679) | (3,021,201) | 38,478 | — | ||||||||
Buy | Pound Sterling | JPMorgan | 12/31/2021 | 89,691 | 0.74197 | 122,104 | 120,882 | — | (1,222) | ||||||||
Sell | Pound Sterling | JPMorgan | 12/31/2021 | (1,735,937) | 0.74197 | (2,370,081) | (2,339,638) | 30,443 | — | ||||||||
Sell | Norwegian Krone | UBS Securities | 12/30/2021 | (5,313,875) | 8.74848 | (615,200) | (607,406) | 7,794 | — | ||||||||
Total | $95,841 | $(1,342) |
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