Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — 90.4% | ||
Advertising — 0.1% | ||
Advantage Solutions, Inc.* | 2,600 | $22,490 |
Boston Omaha Corp., Class A* | 700 | 27,146 |
Clear Channel Outdoor Holdings, Inc.* | 12,200 | 33,062 |
Fluent, Inc.* | 1,700 | 3,859 |
National CineMedia, Inc. | 1,874 | 6,671 |
Quotient Technology, Inc.* | 2,700 | 15,714 |
Stagwell, Inc.* | 2,400 | 18,408 |
127,350 | ||
Aerospace & Defense — 0.6% | ||
AAR Corp.* | 1,069 | 34,668 |
Aerojet Rocketdyne Holdings, Inc. | 2,440 | 106,262 |
AeroVironment, Inc.* | 718 | 61,978 |
Astronics Corp.* | 795 | 11,178 |
Barnes Group, Inc. | 1,565 | 65,307 |
Ducommun, Inc.* | 300 | 15,105 |
Kaman Corp. | 848 | 30,248 |
Kratos Defense & Security Solutions, Inc.* | 3,922 | 87,500 |
Moog, Inc., Class A | 991 | 75,544 |
National Presto Industries, Inc. | 146 | 11,984 |
Park Aerospace Corp. | 533 | 7,291 |
Triumph Group, Inc.* | 2,200 | 40,986 |
548,051 | ||
Agriculture — 0.3% | ||
22nd Century Group, Inc.* | 5,200 | 15,392 |
AppHarvest, Inc.* | 1,600 | 10,432 |
Cadiz, Inc.* | 800 | 5,632 |
Fresh Del Monte Produce, Inc. | 1,016 | 32,735 |
Limoneira Co. | 600 | 9,702 |
Tejon Ranch Co.* | 525 | 9,324 |
The Andersons, Inc. | 932 | 28,734 |
Turning Point Brands, Inc. | 500 | 23,875 |
Universal Corp. | 755 | 36,489 |
Vector Group Ltd. | 5,057 | 64,477 |
Vital Farms, Inc.* | 800 | 14,056 |
250,848 | ||
Airlines — 0.4% | ||
Allegiant Travel Co.* | 490 | 95,785 |
Frontier Group Holdings, Inc.* | 1,200 | 18,948 |
Hawaiian Holdings, Inc.* | 1,626 | 35,219 |
Mesa Air Group, Inc.* | 900 | 6,894 |
SkyWest, Inc.* | 1,681 | 82,941 |
Spirit Airlines, Inc.* | 3,200 | 83,008 |
Sun Country Airlines Holdings, Inc.* | 600 | 20,124 |
342,919 | ||
Apparel — 0.8% | ||
Crocs, Inc.* | 2,000 | 286,960 |
Fossil Group, Inc.* | 1,700 | 20,145 |
Kontoor Brands, Inc. | 1,700 | 84,915 |
Oxford Industries, Inc. | 508 | 45,806 |
PLBY Group, Inc.* | 800 | 18,856 |
Rocky Brands, Inc. | 200 | 9,522 |
Steven Madden Ltd. | 2,773 | 111,364 |
Number of Shares | Value† | |
Apparel — (continued) | ||
Superior Group of Cos, Inc. | 400 | $9,316 |
Torrid Holdings, Inc.* | 400 | 6,172 |
Unifi, Inc.* | 460 | 10,088 |
Urban Outfitters, Inc.* | 2,200 | 65,318 |
Wolverine World Wide, Inc. | 2,582 | 77,047 |
745,509 | ||
Auto Manufacturers — 0.4% | ||
Arcimoto, Inc.* | 1,000 | 11,430 |
Blue Bird Corp.* | 392 | 8,177 |
Canoo, Inc.* | 2,700 | 20,763 |
Fisker, Inc.* | 5,100 | 74,715 |
Hyliion Holdings Corp.* | 3,900 | 32,760 |
Lordstown Motors Corp., Class A* | 3,700 | 29,526 |
Nikola Corp.* | 7,400 | 78,958 |
REV Group, Inc. | 1,000 | 17,160 |
Wabash National Corp. | 1,900 | 28,747 |
Workhorse Group, Inc.* | 4,000 | 30,600 |
XL Fleet Corp.* | 1,400 | 8,624 |
341,460 | ||
Auto Parts & Equipment — 1.3% | ||
Adient PLC* | 3,200 | 132,640 |
Aeva Technologies, Inc.* | 2,500 | 19,850 |
American Axle & Manufacturing Holdings, Inc.* | 4,016 | 35,381 |
Commercial Vehicle Group, Inc.* | 1,200 | 11,352 |
Cooper-Standard Holdings, Inc.* | 600 | 13,146 |
Dana, Inc. | 4,696 | 104,439 |
Dorman Products, Inc.* | 857 | 81,132 |
Douglas Dynamics, Inc. | 700 | 25,410 |
Fox Factory Holding Corp.* | 1,364 | 197,153 |
Gentherm, Inc.* | 1,068 | 86,433 |
Meritor, Inc.* | 2,145 | 45,710 |
Methode Electronics, Inc. | 1,260 | 52,983 |
Miller Industries, Inc. | 343 | 11,676 |
Modine Manufacturing Co.* | 1,577 | 17,867 |
Motorcar Parts of America, Inc.* | 500 | 9,750 |
Romeo Power, Inc.* | 4,100 | 20,295 |
Standard Motor Products, Inc. | 700 | 30,597 |
Tenneco, Inc., Class A* | 2,300 | 32,821 |
The Goodyear Tire & Rubber Co.* | 8,895 | 157,442 |
The Shyft Group, Inc. | 1,200 | 45,612 |
Titan International, Inc.* | 1,800 | 12,888 |
Velodyne Lidar, Inc.* | 2,400 | 14,208 |
Visteon Corp.* | 900 | 84,951 |
XPEL, Inc.* | 600 | 45,516 |
1,289,252 | ||
Banks — 7.9% | ||
1st Source Corp. | 488 | 23,053 |
Alerus Financial Corp. | 400 | 11,952 |
Allegiance Bancshares, Inc. | 600 | 22,890 |
Altabancorp | 600 | 26,496 |
Amalgamated Financial Corp. | 300 | 4,746 |
American National Bankshares, Inc. | 400 | 13,216 |
1
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Banks — (continued) | ||
Ameris Bancorp | 2,112 | $109,571 |
Arrow Financial Corp. | 449 | 15,428 |
Associated Banc-Corp. | 4,900 | 104,958 |
Atlantic Capital Bancshares, Inc.* | 800 | 21,192 |
Atlantic Union Bankshares Corp. | 2,507 | 92,383 |
BancFirst Corp. | 620 | 37,274 |
Banco Latinoamericano de Comercio Exterior S.A. | 1,110 | 19,469 |
BancorpSouth Bank | 3,249 | 96,755 |
Bank First Corp. | 200 | 14,174 |
Bank of Marin Bancorp | 480 | 18,120 |
BankUnited, Inc. | 3,000 | 125,460 |
Banner Corp. | 1,100 | 60,731 |
Bar Harbor Bankshares | 597 | 16,746 |
Blue Foundry Bancorp* | 900 | 12,411 |
Blue Ridge Bankshares, Inc. | 700 | 12,313 |
Bridgewater Bancshares Inc.* | 700 | 12,257 |
Bryn Mawr Bank Corp. | 632 | 29,040 |
Business First Bancshares, Inc. | 700 | 16,373 |
Byline Bancorp, Inc. | 700 | 17,192 |
Cadence BanCorp | 3,906 | 85,776 |
Cambridge Bancorp | 200 | 17,600 |
Camden National Corp. | 539 | 25,818 |
Capital Bancorp, Inc. | 400 | 9,624 |
Capital City Bank Group, Inc. | 469 | 11,603 |
Capstar Financial Holdings, Inc. | 600 | 12,744 |
Carter Bankshares, Inc.* | 800 | 11,376 |
Cathay General Bancorp | 2,450 | 101,405 |
CBTX, Inc. | 500 | 13,190 |
Central Pacific Financial Corp. | 900 | 23,112 |
Century Bancorp, Inc., Class A | 69 | 7,952 |
CIT Group, Inc. | 3,200 | 166,240 |
Citizens & Northern Corp. | 356 | 8,993 |
City Holding Co. | 544 | 42,383 |
Civista Bancshares, Inc. | 400 | 9,292 |
CNB Financial Corp. | 474 | 11,537 |
Coastal Financial Corp.* | 300 | 9,558 |
Columbia Banking System, Inc. | 2,468 | 93,759 |
Community Bank System, Inc. | 1,737 | 118,846 |
Community Trust Bancorp, Inc. | 483 | 20,334 |
ConnectOne Bancorp, Inc. | 1,160 | 34,812 |
CrossFirst Bankshares, Inc.* | 1,500 | 19,500 |
Customers Bancorp, Inc.* | 980 | 42,160 |
CVB Financial Corp. | 4,092 | 83,354 |
Dime Community Bancshares, Inc. | 1,109 | 36,220 |
Eagle Bancorp, Inc. | 1,073 | 61,697 |
Eastern Bankshares, Inc. | 5,500 | 111,650 |
Enterprise Bancorp, Inc. | 313 | 11,252 |
Enterprise Financial Services Corp. | 1,180 | 53,430 |
Equity Bancshares, Inc., Class A | 500 | 16,690 |
Farmers National Banc Corp. | 700 | 10,997 |
FB Financial Corp. | 1,086 | 46,568 |
Fidelity D&D Bancorp, Inc. | 100 | 5,043 |
Financial Institutions, Inc. | 440 | 13,486 |
First Bancorp | 924 | 39,741 |
Number of Shares | Value† | |
Banks — (continued) | ||
First BanCorp | 6,800 | $89,420 |
First Bank | 400 | 5,636 |
First Busey Corp. | 1,513 | 37,265 |
First Commonwealth Financial Corp. | 3,321 | 45,265 |
First Community Bankshares, Inc. | 626 | 19,857 |
First Financial Bancorp | 3,082 | 72,150 |
First Financial Bankshares, Inc. | 4,204 | 193,174 |
First Financial Corp. | 380 | 15,979 |
First Foundation, Inc. | 1,200 | 31,560 |
First Internet Bancorp | 300 | 9,354 |
First Interstate BancSystem, Inc., Class A | 1,387 | 55,841 |
First Merchants Corp. | 1,730 | 72,383 |
First Mid Bancshares, Inc. | 500 | 20,530 |
First Midwest Bancorp, Inc. | 3,614 | 68,702 |
Five Star Bancorp | 200 | 4,788 |
Flagstar Bancorp, Inc. | 1,700 | 86,326 |
Fulton Financial Corp. | 5,103 | 77,974 |
German American Bancorp, Inc. | 738 | 28,509 |
Glacier Bancorp, Inc. | 3,121 | 172,747 |
Great Southern Bancorp, Inc. | 371 | 20,335 |
Great Western Bancorp, Inc. | 1,700 | 55,658 |
Guaranty Bancshares, Inc. | 330 | 11,831 |
Hancock Whitney Corp. | 2,778 | 130,899 |
Hanmi Financial Corp. | 913 | 18,315 |
HarborOne Bancorp, Inc. | 1,877 | 26,353 |
Hawthorn Bancshares, Inc. | 116 | 2,687 |
HBT Financial, Inc. | 400 | 6,220 |
Heartland Financial USA, Inc. | 1,417 | 68,129 |
Heritage Commerce Corp. | 1,900 | 22,097 |
Heritage Financial Corp. | 1,030 | 26,265 |
Hilltop Holdings, Inc. | 2,142 | 69,979 |
Home BancShares, Inc. | 4,935 | 116,121 |
HomeStreet, Inc. | 600 | 24,690 |
Hope Bancorp, Inc. | 4,167 | 60,171 |
Horizon Bancorp, Inc. | 1,350 | 24,529 |
Howard Bancorp, Inc.* | 500 | 10,140 |
Independent Bank Corp. | 1,055 | 80,338 |
Independent Bank Corp. | 800 | 17,184 |
Independent Bank Group, Inc. | 1,250 | 88,800 |
International Bancshares Corp. | 1,825 | 75,993 |
Kearny Financial Corp. | 2,245 | 27,905 |
Lakeland Bancorp, Inc. | 1,711 | 30,165 |
Lakeland Financial Corp. | 791 | 56,351 |
Live Oak Bancshares, Inc. | 1,000 | 63,630 |
Luther Burbank Corp. | 800 | 10,728 |
Macatawa Bank Corp. | 800 | 6,424 |
Mercantile Bank Corp. | 500 | 16,015 |
Merchants Bancorp | 200 | 7,894 |
Meta Financial Group, Inc. | 1,000 | 52,480 |
Metrocity Bankshares, Inc. | 600 | 12,582 |
Metropolitan Bank Holding Corp.* | 200 | 16,860 |
Mid Penn Bancorp, Inc. | 200 | 5,510 |
Midland States Bancorp, Inc. | 700 | 17,311 |
MidWestOne Financial Group, Inc. | 400 | 12,064 |
2
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Banks — (continued) | ||
MVB Financial Corp. | 400 | $17,132 |
National Bank Holdings Corp., Class A | 900 | 36,432 |
NBT Bancorp, Inc. | 1,269 | 45,836 |
Nicolet Bankshares, Inc.* | 300 | 22,254 |
Northrim BanCorp, Inc. | 200 | 8,502 |
OFG Bancorp | 1,610 | 40,604 |
Old National Bancorp | 5,661 | 95,954 |
Old Second Bancorp, Inc. | 800 | 10,448 |
Origin Bancorp, Inc. | 800 | 33,880 |
Orrstown Financial Services, Inc. | 400 | 9,360 |
Park National Corp. | 510 | 62,194 |
PCSB Financial Corp. | 500 | 9,220 |
Peapack-Gladstone Financial Corp. | 636 | 21,217 |
Peoples Bancorp, Inc. | 891 | 28,165 |
Peoples Financial Services Corp. | 200 | 9,114 |
Pioneer Bancorp, Inc.* | 500 | 6,320 |
Preferred Bank | 400 | 26,672 |
Premier Financial Corp. | 1,131 | 36,011 |
Primis Financial Corp. | 600 | 8,676 |
Provident Bancorp, Inc. | 404 | 6,472 |
QCR Holdings, Inc. | 500 | 25,720 |
RBB Bancorp | 600 | 15,126 |
Red River Bancshares, Inc. | 200 | 9,970 |
Reliant Bancorp, Inc. | 400 | 12,636 |
Renasant Corp. | 1,735 | 62,547 |
Republic Bancorp, Inc., Class A | 287 | 14,537 |
Republic First Bancorp, Inc.* | 1,700 | 5,236 |
S&T Bancorp, Inc. | 1,181 | 34,804 |
Sandy Spring Bancorp, Inc. | 1,450 | 66,439 |
Seacoast Banking Corp of Florida | 1,940 | 65,591 |
ServisFirst Bancshares, Inc. | 1,600 | 124,480 |
Sierra Bancorp | 412 | 10,003 |
Silvergate Capital Corp., Class A* | 800 | 92,400 |
Simmons First National Corp., Class A | 3,496 | 103,342 |
SmartFinancial, Inc. | 400 | 10,340 |
South Plains Financial, Inc. | 400 | 9,752 |
Southern First Bancshares, Inc.* | 200 | 10,700 |
Southside Bancshares, Inc. | 971 | 37,180 |
SouthState Corp. | 2,211 | 165,095 |
Spirit of Texas Bancshares, Inc. | 400 | 9,680 |
Stock Yards Bancorp, Inc. | 667 | 39,120 |
Summit Financial Group, Inc. | 400 | 9,804 |
Texas Capital Bancshares, Inc.* | 1,600 | 96,032 |
The Bancorp, Inc.* | 1,812 | 46,115 |
The Bank of NT Butterfield & Son Ltd. | 1,600 | 56,816 |
The First Bancorp, Inc. | 234 | 6,819 |
The First Bancshares, Inc. | 700 | 27,146 |
The First of Long Island Corp. | 689 | 14,193 |
Tompkins Financial Corp. | 458 | 37,057 |
Towne Bank | 2,077 | 64,615 |
TriCo Bancshares | 798 | 34,633 |
TriState Capital Holdings, Inc.* | 800 | 16,920 |
Triumph Bancorp, Inc.* | 800 | 80,104 |
TrustCo Bank Corp. | 650 | 20,781 |
Trustmark Corp. | 2,030 | 65,407 |
Number of Shares | Value† | |
Banks — (continued) | ||
UMB Financial Corp. | 1,381 | $133,557 |
United Bankshares, Inc. | 4,060 | 147,703 |
United Community Banks, Inc. | 2,978 | 97,738 |
Univest Corp. | 987 | 27,034 |
Valley National Bancorp | 12,983 | 172,804 |
Veritex Holdings, Inc. | 1,453 | 57,190 |
Walker & Dunlop, Inc. | 900 | 102,150 |
Washington Trust Bancorp, Inc. | 570 | 30,199 |
WesBanco, Inc. | 2,130 | 72,590 |
West BanCorp, Inc. | 478 | 14,354 |
Westamerica BanCorp | 873 | 49,115 |
7,662,092 | ||
Beverages — 0.4% | ||
Celsius Holdings, Inc.* | 1,700 | 153,153 |
Coca-Cola Consolidated, Inc. | 165 | 65,040 |
MGP Ingredients, Inc. | 400 | 26,040 |
National Beverage Corp. | 784 | 41,152 |
NewAge, Inc.* | 2,800 | 3,892 |
Primo Water Corp. | 5,100 | 80,172 |
The Duckhorn Portfolio, Inc.* | 700 | 16,023 |
Zevia PBC, Class A* | 300 | 3,453 |
388,925 | ||
Biotechnology — 8.6% | ||
4D Molecular Therapeutics, Inc.* | 700 | 18,879 |
89bio, Inc.* | 100 | 1,959 |
9 Meters Biopharma, Inc.* | 8,200 | 10,660 |
Absci Corp.* | 400 | 4,652 |
ACADIA Pharmaceuticals, Inc.* | 3,900 | 64,779 |
Acumen Pharmaceuticals, Inc.* | 300 | 4,458 |
Adagio Therapeutics, Inc.* | 700 | 29,568 |
Adicet Bio, Inc.* | 900 | 7,056 |
Adverum Biotechnologies, Inc.* | 2,600 | 5,642 |
Aerovate Therapeutics, Inc.* | 300 | 6,294 |
Affimed N.V.* | 3,800 | 23,484 |
Agenus, Inc.* | 6,600 | 34,650 |
Akero Therapeutics, Inc.* | 900 | 20,115 |
Akouos, Inc.* | 900 | 10,449 |
Akoya Biosciences, Inc.* | 300 | 4,188 |
Albireo Pharma, Inc.* | 500 | 15,600 |
Aldeyra Therapeutics, Inc.* | 1,700 | 14,926 |
Aligos Therapeutics, Inc.* | 700 | 10,857 |
Allakos, Inc.* | 1,100 | 116,457 |
Allogene Therapeutics, Inc.* | 2,200 | 56,540 |
Allovir, Inc.* | 1,000 | 25,060 |
Alpha Teknova, Inc.* | 200 | 4,978 |
Altimmune, Inc.* | 1,100 | 12,441 |
ALX Oncology Holdings, Inc.* | 600 | 44,316 |
Amicus Therapeutics, Inc.* | 8,500 | 81,175 |
AnaptysBio, Inc.* | 600 | 16,272 |
Anavex Life Sciences Corp.* | 2,100 | 37,695 |
Angion Biomedica Corp.* | 700 | 6,839 |
ANI Pharmaceuticals, Inc.* | 300 | 9,846 |
Annexon, Inc.* | 900 | 16,749 |
Apellis Pharmaceuticals, Inc.* | 2,100 | 69,216 |
3
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Biotechnology — (continued) | ||
Applied Molecular Transport, Inc.* | 700 | $18,109 |
Applied Therapeutics, Inc.* | 500 | 8,300 |
Arbutus Biopharma Corp.* | 3,100 | 13,299 |
Arcturus Therapeutics Holdings, Inc.* | 700 | 33,446 |
Arcus Biosciences, Inc.* | 1,600 | 55,792 |
Arcutis Biotherapeutics, Inc.* | 900 | 21,501 |
Ardelyx, Inc.* | 2,200 | 2,904 |
Arena Pharmaceuticals, Inc.* | 1,950 | 116,122 |
Arrowhead Pharmaceuticals, Inc.* | 3,300 | 206,019 |
Atara Biotherapeutics, Inc.* | 2,928 | 52,411 |
Atea Pharmaceuticals, Inc.* | 2,100 | 73,626 |
Athersys, Inc.* | 5,000 | 6,650 |
Athira Pharma, Inc.* | 1,200 | 11,256 |
Atossa Therapeutics, Inc.* | 4,000 | 13,040 |
Atreca, Inc., Class A* | 1,000 | 6,230 |
Avalo Therapeutics, Inc.* | 1,000 | 2,180 |
Avid Bioservices, Inc.* | 1,800 | 38,826 |
Avidity Biosciences, Inc.* | 1,000 | 24,630 |
Avrobio, Inc.* | 1,100 | 6,138 |
Axsome Therapeutics, Inc.* | 900 | 29,664 |
Beam Therapeutics, Inc.* | 1,600 | 139,216 |
Berkeley Lights, Inc.* | 1,600 | 31,296 |
BioAtla, Inc.* | 400 | 11,776 |
BioCryst Pharmaceuticals, Inc.* | 5,700 | 81,909 |
Biodesix, Inc.* | 500 | 4,110 |
Biohaven Pharmaceutical Holding Co., Ltd.* | 1,800 | 250,038 |
Biomea Fusion, Inc.* | 400 | 4,788 |
Black Diamond Therapeutics, Inc.* | 582 | 4,924 |
Bluebird Bio, Inc.* | 2,200 | 42,042 |
Blueprint Medicines Corp.* | 1,900 | 195,339 |
Bolt Biotherapeutics, Inc.* | 400 | 5,060 |
Bridgebio Pharma, Inc.* | 3,455 | 161,936 |
Brooklyn ImmunoTherapeutics, Inc.* | 900 | 8,370 |
C4 Therapeutics, Inc.* | 1,300 | 58,084 |
Cara Therapeutics, Inc.* | 1,500 | 23,175 |
Cardiff Oncology, Inc.* | 1,400 | 9,324 |
Caribou Biosciences, Inc.* | 600 | 14,322 |
Cassava Sciences, Inc.* | 1,200 | 74,496 |
Celldex Therapeutics, Inc.* | 1,500 | 80,985 |
CEL-SCI Corp.* | 1,100 | 12,089 |
Century Therapeutics, Inc.* | 400 | 10,064 |
Cerevel Therapeutics Holdings, Inc.* | 1,300 | 38,350 |
ChemoCentryx, Inc.* | 1,695 | 28,984 |
Chinook Therapeutics, Inc.* | 1,160 | 14,802 |
ChromaDex Corp.* | 1,400 | 8,778 |
Clene, Inc.* | 900 | 6,147 |
Codiak Biosciences, Inc.* | 300 | 4,899 |
Cogent Biosciences, Inc.* | 1,400 | 11,774 |
Cortexyme, Inc.* | 700 | 64,162 |
Crinetics Pharmaceuticals, Inc.* | 1,400 | 29,470 |
Cue Biopharma, Inc.* | 1,000 | 14,570 |
Cullinan Oncology, Inc.* | 800 | 18,056 |
Curis, Inc.* | 3,000 | 23,490 |
Cymabay Therapeutics, Inc.* | 2,100 | 7,665 |
Number of Shares | Value† | |
Biotechnology — (continued) | ||
Cyteir Therapeutics, Inc.* | 300 | $5,265 |
Cytek Biosciences, Inc.* | 500 | 10,705 |
CytomX Therapeutics, Inc.* | 1,500 | 7,635 |
Day One Biopharmaceuticals, Inc.* | 400 | 9,492 |
Deciphera Pharmaceuticals, Inc.* | 1,200 | 40,776 |
Denali Therapeutics, Inc.* | 2,900 | 146,305 |
Design Therapeutics, Inc.* | 500 | 7,345 |
Dicerna Pharmaceuticals, Inc.* | 2,100 | 42,336 |
Dynavax Technologies Corp.* | 3,820 | 73,382 |
Dyne Therapeutics, Inc.* | 1,000 | 16,240 |
Edgewise Therapeutics, Inc.* | 500 | 8,300 |
Editas Medicine, Inc.* | 2,200 | 90,376 |
Eiger BioPharmaceuticals, Inc.* | 900 | 6,012 |
Eliem Therapeutics, Inc.* | 200 | 3,596 |
Emergent BioSolutions, Inc.* | 1,558 | 78,009 |
Epizyme, Inc.* | 2,700 | 13,824 |
Erasca, Inc.* | 700 | 14,854 |
Esperion Therapeutics, Inc.* | 700 | 8,435 |
Evelo Biosciences, Inc.* | 700 | 4,928 |
Evolus, Inc.* | 1,200 | 9,144 |
Exagen, Inc.* | 500 | 6,800 |
EyePoint Pharmaceuticals, Inc.* | 900 | 9,378 |
Fate Therapeutics, Inc.* | 2,700 | 160,029 |
FibroGen, Inc.* | 2,900 | 29,638 |
Forma Therapeutics Holdings, Inc.* | 1,000 | 23,190 |
Forte Biosciences, Inc.* | 400 | 1,184 |
Frequency Therapeutics, Inc.* | 800 | 5,648 |
Gemini Therapeutics, Inc.* | 1,000 | 4,040 |
Generation Bio Co.* | 1,300 | 32,591 |
Geron Corp.* | 9,240 | 12,659 |
Global Blood Therapeutics, Inc.* | 2,000 | 50,960 |
Gossamer Bio, Inc.* | 1,800 | 22,626 |
Graphite Bio, Inc.* | 500 | 8,195 |
Greenwich Lifesciences, Inc.* | 200 | 7,814 |
GT Biopharma, Inc.* | 900 | 6,066 |
Halozyme Therapeutics, Inc.* | 4,589 | 186,681 |
Harvard Bioscience, Inc.* | 1,700 | 11,866 |
Homology Medicines, Inc.* | 1,200 | 9,444 |
Humanigen, Inc.* | 1,500 | 8,895 |
iBio, Inc.* | 5,300 | 5,618 |
Icosavax, Inc.* | 400 | 11,836 |
IGM Biosciences, Inc.* | 200 | 13,152 |
Ikena Oncology, Inc.* | 300 | 3,786 |
Imago Biosciences, Inc.* | 300 | 6,009 |
Immunic, Inc.* | 700 | 6,195 |
ImmunityBio, Inc.* | 2,300 | 22,402 |
ImmunoGen, Inc.* | 6,563 | 37,212 |
Immunovant, Inc.* | 1,100 | 9,559 |
Infinity Pharmaceuticals, Inc.* | 3,400 | 11,628 |
Inhibrx, Inc.* | 1,000 | 33,310 |
Innoviva, Inc.* | 1,400 | 23,394 |
Inovio Pharmaceuticals, Inc.* | 6,800 | 48,688 |
Inozyme Pharma, Inc.* | 300 | 3,477 |
Insmed, Inc.* | 3,600 | 99,144 |
Instil Bio, Inc.* | 700 | 12,513 |
4
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Biotechnology — (continued) | ||
Intercept Pharmaceuticals, Inc.* | 726 | $10,781 |
Intra-Cellular Therapies, Inc.* | 2,300 | 85,744 |
iTeos Therapeutics, Inc.* | 700 | 18,900 |
IVERIC bio, Inc.* | 3,184 | 51,708 |
Janux Therapeutics, Inc.* | 400 | 8,652 |
Kadmon Holdings, Inc.* | 6,200 | 54,002 |
Kaleido Biosciences, Inc.* | 600 | 3,276 |
Karuna Therapeutics, Inc.* | 700 | 85,631 |
Karyopharm Therapeutics, Inc.* | 1,900 | 11,058 |
KemPharm, Inc.* | 1,000 | 9,330 |
Keros Therapeutics, Inc.* | 400 | 15,824 |
Kezar Life Sciences, Inc.* | 1,600 | 13,824 |
Kiniksa Pharmaceuticals Ltd., Class A* | 1,000 | 11,390 |
Kinnate Biopharma, Inc.* | 800 | 18,416 |
Kodiak Sciences, Inc.* | 1,100 | 105,578 |
Kronos Bio, Inc.* | 1,300 | 27,248 |
Krystal Biotech, Inc.* | 600 | 31,326 |
Kymera Therapeutics, Inc.* | 1,100 | 64,614 |
Lexicon Pharmaceuticals, Inc.* | 2,560 | 12,314 |
Ligand Pharmaceuticals, Inc.* | 506 | 70,496 |
Lineage Cell Therapeutics, Inc.* | 4,500 | 11,340 |
MacroGenics, Inc.* | 1,900 | 39,786 |
Magenta Therapeutics, Inc.* | 600 | 4,368 |
MaxCyte, Inc.* | 500 | 6,105 |
MEI Pharma, Inc.* | 3,800 | 10,488 |
MeiraGTx Holdings PLC* | 1,100 | 14,498 |
Mersana Therapeutics, Inc.* | 2,300 | 21,689 |
Mind Medicine MindMed, Inc.* | 10,800 | 25,164 |
Molecular Templates, Inc.* | 800 | 5,368 |
Monte Rosa Therapeutics, Inc.* | 400 | 8,912 |
Mustang Bio, Inc.* | 1,500 | 4,035 |
Myriad Genetics, Inc.* | 2,500 | 80,725 |
NeoGenomics, Inc.* | 3,700 | 178,488 |
NGM Biopharmaceuticals, Inc.* | 1,200 | 25,224 |
Nkarta, Inc.* | 600 | 16,686 |
Nurix Therapeutics, Inc.* | 1,000 | 29,960 |
Nuvalent, Inc., Class A* | 300 | 6,765 |
Nuvation Bio, Inc.* | 2,200 | 21,868 |
Olema Pharmaceuticals, Inc.* | 800 | 22,048 |
Omega Therapeutics, Inc.* | 200 | 3,770 |
Omeros Corp.* | 1,800 | 24,822 |
Oncocyte Corp.* | 1,800 | 6,408 |
Oncorus, Inc.* | 800 | 7,472 |
Oncternal Therapeutics, Inc.* | 1,800 | 7,506 |
Organogenesis Holdings, Inc.* | 1,300 | 18,512 |
Oyster Point Pharma, Inc.* | 200 | 2,370 |
Pacific Biosciences of California, Inc.* | 6,300 | 160,965 |
Phathom Pharmaceuticals, Inc.* | 700 | 22,470 |
Pliant Therapeutics, Inc.* | 800 | 13,504 |
Poseida Therapeutics, Inc.* | 1,400 | 10,206 |
Praxis Precision Medicines, Inc.* | 900 | 16,641 |
Precigen, Inc.* | 3,300 | 16,467 |
Precision BioSciences, Inc.* | 1,900 | 21,926 |
Prelude Therapeutics, Inc.* | 300 | 9,375 |
Prothena Corp. PLC* | 1,100 | 78,353 |
Number of Shares | Value† | |
Biotechnology — (continued) | ||
Provention Bio, Inc.* | 1,500 | $9,600 |
PTC Therapeutics, Inc.* | 2,200 | 81,862 |
Puma Biotechnology, Inc.* | 900 | 6,309 |
Radius Health, Inc.* | 1,400 | 17,374 |
RAPT Therapeutics, Inc.* | 600 | 18,630 |
Recursion Pharmaceuticals, Inc., Class A* | 700 | 16,107 |
REGENXBIO, Inc.* | 1,300 | 54,496 |
Relay Therapeutics, Inc.* | 1,900 | 59,907 |
Replimune Group, Inc.* | 1,000 | 29,640 |
REVOLUTION Medicines, Inc.* | 1,900 | 52,269 |
Rigel Pharmaceuticals, Inc.* | 6,290 | 22,833 |
Rocket Pharmaceuticals, Inc.* | 1,200 | 35,868 |
Rubius Therapeutics, Inc.* | 1,300 | 23,244 |
Sana Biotechnology, Inc.* | 2,800 | 63,056 |
Sangamo Therapeutics, Inc.* | 4,103 | 36,968 |
Scholar Rock Holding Corp.* | 900 | 29,718 |
Seelos Therapeutics, Inc.* | 3,100 | 7,471 |
Seer, Inc.* | 1,300 | 44,889 |
Selecta Biosciences, Inc.* | 3,900 | 16,224 |
Sensei Biotherapeutics, Inc.* | 700 | 7,364 |
Sesen Bio, Inc.* | 5,900 | 4,680 |
Shattuck Labs, Inc.* | 900 | 18,342 |
Silverback Therapeutics, Inc.* | 400 | 3,992 |
Singular Genomics Systems, Inc.* | 400 | 4,476 |
Solid Biosciences, Inc.* | 400 | 956 |
Sorrento Therapeutics, Inc.* | 8,700 | 66,381 |
Springworks Therapeutics, Inc.* | 1,000 | 63,440 |
SQZ Biotechnologies Co.* | 900 | 12,978 |
Stoke Therapeutics, Inc.* | 700 | 17,808 |
Surface Oncology, Inc.* | 1,300 | 9,841 |
Sutro Biopharma, Inc.* | 1,434 | 27,088 |
Syndax Pharmaceuticals, Inc.* | 1,500 | 28,665 |
Talaris Therapeutics, Inc.* | 300 | 4,068 |
Tarsus Pharmaceuticals, Inc.* | 200 | 4,310 |
Taysha Gene Therapies, Inc.* | 800 | 14,896 |
TCR2 Therapeutics, Inc.* | 800 | 6,808 |
Tenaya Therapeutics, Inc.* | 400 | 8,260 |
Terns Pharmaceuticals, Inc.* | 400 | 4,168 |
TG Therapeutics, Inc.* | 4,100 | 136,448 |
Theravance Biopharma, Inc.* | 1,400 | 10,360 |
TransMedics Group, Inc.* | 900 | 29,781 |
Travere Therapeutics, Inc.* | 1,800 | 43,650 |
Trillium Therapeutics, Inc.* | 3,300 | 57,948 |
Turning Point Therapeutics, Inc.* | 1,466 | 97,386 |
Twist Bioscience Corp.* | 1,524 | 163,022 |
UroGen Pharma Ltd.* | 700 | 11,774 |
Vaxart, Inc.* | 4,000 | 31,800 |
VBI Vaccines, Inc.* | 6,200 | 19,282 |
Vera Therapeutics, Inc.* | 200 | 3,470 |
Veracyte, Inc.* | 2,200 | 102,190 |
Verastem, Inc.* | 6,200 | 19,096 |
Vericel Corp.* | 1,500 | 73,200 |
Veru, Inc.* | 2,500 | 21,325 |
Verve Therapeutics, Inc.* | 500 | 23,500 |
5
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Biotechnology — (continued) | ||
Viking Therapeutics, Inc.* | 1,700 | $10,676 |
Vincerx Pharma, Inc.* | 400 | 6,468 |
Vir Biotechnology, Inc.* | 1,900 | 82,688 |
Viracta Therapeutics, Inc.* | 1,300 | 10,426 |
VistaGen Therapeutics, Inc.* | 6,800 | 18,632 |
Vor BioPharma, Inc.* | 400 | 6,272 |
WaVe Life Sciences Ltd.* | 700 | 3,430 |
Werewolf Therapeutics, Inc.* | 200 | 3,432 |
XBiotech, Inc. | 467 | 6,048 |
Xencor, Inc.* | 1,900 | 62,054 |
XOMA Corp.* | 200 | 4,950 |
Y-mAbs Therapeutics, Inc.* | 1,200 | 34,248 |
Zentalis Pharmaceuticals, Inc.* | 1,100 | 73,304 |
ZIOPHARM Oncology, Inc.* | 5,927 | 10,787 |
8,340,048 | ||
Building Materials — 1.2% | ||
AAON, Inc. | 1,385 | 90,496 |
American Woodmark Corp.* | 569 | 37,195 |
Apogee Enterprises, Inc. | 843 | 31,832 |
Boise Cascade Co. | 1,300 | 70,174 |
Caesarstone Ltd. | 600 | 7,452 |
Cornerstone Building Brands, Inc.* | 1,664 | 24,311 |
Forterra, Inc.* | 800 | 18,848 |
Gibraltar Industries, Inc.* | 1,101 | 76,685 |
Griffon Corp. | 1,356 | 33,358 |
JELD-WEN Holding, Inc.* | 2,700 | 67,581 |
Masonite International Corp.* | 800 | 84,904 |
Patrick Industries, Inc. | 775 | 64,557 |
PGT Innovations, Inc.* | 2,000 | 38,200 |
Simpson Manufacturing Co., Inc. | 1,398 | 149,544 |
SPX Corp.* | 1,400 | 74,830 |
Summit Materials, Inc., Class A* | 4,005 | 128,040 |
UFP Industries, Inc. | 1,949 | 132,493 |
View, Inc.* | 2,900 | 15,718 |
1,146,218 | ||
Chemicals — 1.6% | ||
AdvanSix, Inc.* | 800 | 31,800 |
American Vanguard Corp. | 878 | 13,214 |
Amyris, Inc.* | 5,400 | 74,142 |
Balchem Corp. | 1,041 | 151,018 |
Cabot Corp. | 1,800 | 90,216 |
Codexis, Inc.* | 2,000 | 46,520 |
Danimer Scientific, Inc.* | 2,300 | 37,582 |
Ecovyst, Inc. | 1,800 | 20,988 |
Ferro Corp.* | 2,638 | 53,657 |
GCP Applied Technologies, Inc.* | 1,500 | 32,880 |
H.B. Fuller Co. | 1,680 | 108,461 |
Hawkins, Inc. | 698 | 24,346 |
Ingevity Corp.* | 1,300 | 92,781 |
Innospec, Inc. | 800 | 67,376 |
Intrepid Potash, Inc.* | 370 | 11,433 |
Koppers Holdings, Inc.* | 620 | 19,381 |
Kraton Corp.* | 941 | 42,947 |
Kronos Worldwide, Inc. | 500 | 6,205 |
Number of Shares | Value† | |
Chemicals — (continued) | ||
Marrone Bio Innovations, Inc.* | 2,700 | $2,433 |
Minerals Technologies, Inc. | 1,128 | 78,779 |
Oil-Dri Corp of America | 197 | 6,895 |
Orion Engineered Carbons S.A.* | 1,800 | 32,814 |
Quaker Chemical Corp. | 436 | 103,646 |
Rayonier Advanced Materials, Inc.* | 1,900 | 14,250 |
Rogers Corp.* | 595 | 110,956 |
Sensient Technologies Corp. | 1,358 | 123,687 |
Stepan Co. | 680 | 76,799 |
Tronox Holdings PLC, Class A | 3,900 | 96,135 |
Zymergen, Inc.* | 600 | 7,902 |
1,579,243 | ||
Coal — 0.2% | ||
Arch Resources, Inc.* | 500 | 46,375 |
CONSOL Energy, Inc.* | 1,300 | 33,826 |
Peabody Energy Corp.* | 2,300 | 34,017 |
SunCoke Energy, Inc. | 2,541 | 15,957 |
Warrior Met Coal, Inc. | 1,700 | 39,559 |
169,734 | ||
Commercial Services — 4.6% | ||
2U, Inc.* | 2,300 | 77,211 |
ABM Industries, Inc. | 2,139 | 96,276 |
Acacia Research Corp.* | 1,180 | 8,012 |
Adtalem Global Education, Inc.* | 1,600 | 60,496 |
Alarm.com Holdings, Inc.* | 1,500 | 117,285 |
Alta Equipment Group, Inc.* | 700 | 9,611 |
American Public Education, Inc.* | 655 | 16,775 |
AMN Healthcare Services, Inc.* | 1,509 | 173,158 |
API Group Corp.* | 6,400 | 130,240 |
Arlo Technologies, Inc.* | 2,433 | 15,596 |
ASGN, Inc.* | 1,652 | 186,907 |
Avis Budget Group, Inc.* | 1,600 | 186,416 |
Barrett Business Services, Inc. | 242 | 18,455 |
BrightView Holdings, Inc.* | 1,315 | 19,409 |
CAI International, Inc. | 460 | 25,719 |
Carriage Services, Inc. | 600 | 26,754 |
Cass Information Systems, Inc. | 498 | 20,841 |
CBIZ, Inc.* | 1,540 | 49,804 |
Cimpress PLC* | 529 | 45,933 |
CoreCivic, Inc.* | 4,200 | 37,380 |
CorVel Corp.* | 262 | 48,790 |
Coursera, Inc.* | 1,900 | 60,135 |
CRA International, Inc. | 274 | 27,219 |
Cross Country Healthcare, Inc.* | 1,084 | 23,024 |
Custom Truck One Source, Inc.* | 1,500 | 13,995 |
Deluxe Corp. | 1,307 | 46,908 |
Emerald Holding, Inc.* | 700 | 3,038 |
Ennis, Inc. | 858 | 16,173 |
European Wax Center, Inc., Class A* | 300 | 8,403 |
EVERTEC, Inc. | 1,939 | 88,651 |
Evo Payments, Inc., Class A* | 1,500 | 35,520 |
First Advantage Corp.* | 1,000 | 19,050 |
Forrester Research, Inc.* | 375 | 18,473 |
Franklin Covey Co.* | 497 | 20,273 |
6
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Commercial Services — (continued) | ||
GP Strategies Corp.* | 400 | $8,280 |
Graham Holdings Co., Class B | 122 | 71,878 |
Green Dot Corp., Class A* | 1,727 | 86,920 |
GreenSky, Inc., Class A* | 2,300 | 25,714 |
HealthEquity, Inc.* | 2,600 | 168,376 |
Heidrick & Struggles International, Inc. | 569 | 25,394 |
Herc Holdings, Inc.* | 800 | 130,768 |
Huron Consulting Group, Inc.* | 728 | 37,856 |
ICF International, Inc. | 648 | 57,860 |
Insperity, Inc. | 1,173 | 129,898 |
John Wiley & Sons, Inc., Class A | 1,400 | 73,094 |
Kelly Services, Inc., Class A | 1,014 | 19,144 |
Kforce, Inc. | 686 | 40,913 |
Korn Ferry | 1,790 | 129,524 |
Laureate Education, Inc., Class A* | 3,300 | 56,067 |
LiveRamp Holdings, Inc.* | 2,067 | 97,624 |
Marathon Digital Holdings, Inc.* | 3,100 | 97,898 |
Medifast, Inc. | 376 | 72,433 |
MoneyGram International, Inc.* | 3,000 | 24,060 |
Monro, Inc. | 1,037 | 59,638 |
Multiplan Corp.* | 7,300 | 41,099 |
National Research Corp. | 387 | 16,320 |
Paya Holdings, Inc.* | 2,800 | 30,436 |
Perdoceo Education Corp.* | 2,300 | 24,288 |
PROG Holdings, Inc.* | 2,100 | 88,221 |
Progyny, Inc.* | 2,100 | 117,600 |
Rent-A-Center, Inc. | 2,153 | 121,020 |
Repay Holdings Corp.* | 2,700 | 62,181 |
Resources Connection, Inc. | 922 | 14,549 |
Riot Blockchain, Inc.* | 2,700 | 69,390 |
RR Donnelley & Sons Co.* | 2,600 | 13,364 |
ShotSpotter, Inc.* | 300 | 10,911 |
SP Plus Corp.* | 693 | 21,254 |
Strategic Education, Inc. | 859 | 60,559 |
Stride, Inc.* | 1,252 | 44,997 |
Team, Inc.* | 983 | 2,959 |
Textainer Group Holdings Ltd.* | 1,512 | 52,784 |
The Aaron's Co., Inc. | 1,100 | 30,294 |
The Brink's Co. | 1,610 | 101,913 |
The Hackett Group, Inc. | 716 | 14,048 |
Transcat, Inc.* | 200 | 12,896 |
TriNet Group, Inc.* | 1,300 | 122,954 |
Triton International Ltd. | 2,193 | 114,124 |
TrueBlue, Inc.* | 1,076 | 29,138 |
Vectrus, Inc.* | 400 | 20,112 |
Viad Corp.* | 671 | 30,470 |
Vivint Smart Home, Inc.* | 3,100 | 29,295 |
Willdan Group, Inc.* | 300 | 10,677 |
WW International, Inc.* | 1,700 | 31,025 |
4,504,147 | ||
Computers — 2.2% | ||
3D Systems Corp.* | 3,900 | 107,523 |
Cantaloupe, Inc.* | 2,000 | 21,560 |
Conduent, Inc.* | 5,800 | 38,222 |
Number of Shares | Value† | |
Computers — (continued) | ||
Corsair Gaming, Inc.* | 1,000 | $25,930 |
Desktop Metal, Inc., Class A* | 4,900 | 35,133 |
Diebold Nixdorf, Inc.* | 2,500 | 25,275 |
ExlService Holdings, Inc.* | 1,100 | 135,432 |
Grid Dynamics Holdings, Inc.* | 1,400 | 40,908 |
iCAD, Inc.* | 500 | 5,375 |
Insight Enterprises, Inc.* | 1,143 | 102,961 |
Integral Ad Science Holding Corp.* | 500 | 10,315 |
KBR, Inc. | 4,600 | 181,240 |
Maximus, Inc. | 1,981 | 164,819 |
Mitek Systems, Inc.* | 1,500 | 27,750 |
NetScout Systems, Inc.* | 2,165 | 58,347 |
OneSpan, Inc.* | 1,128 | 21,184 |
PAE, Inc.* | 2,100 | 12,558 |
PAR Technology Corp.* | 800 | 49,208 |
Parsons Corp.* | 800 | 27,008 |
Ping Identity Holding Corp.* | 1,500 | 36,855 |
PlayAGS, Inc.* | 800 | 6,304 |
Qualys, Inc.* | 1,100 | 122,419 |
Quantum Corp.* | 1,300 | 6,734 |
Rapid7, Inc.* | 1,800 | 203,436 |
Rekor Systems, Inc.* | 1,200 | 13,788 |
Rimini Street, Inc.* | 1,800 | 17,370 |
SecureWorks Corp., Class A* | 500 | 9,940 |
StarTek, Inc.* | 700 | 3,857 |
Super Micro Computer, Inc.* | 1,400 | 51,198 |
Telos Corp.* | 1,300 | 36,946 |
Tenable Holdings, Inc.* | 2,900 | 133,806 |
The ExOne Co.* | 600 | 14,028 |
TTEC Holdings, Inc. | 607 | 56,773 |
Unisys Corp.* | 2,324 | 58,425 |
Varonis Systems, Inc.* | 3,420 | 208,107 |
Vocera Communications, Inc.* | 1,200 | 54,912 |
Vuzix Corp.* | 2,000 | 20,920 |
2,146,566 | ||
Cosmetics & Personal Care — 0.2% | ||
Edgewell Personal Care Co. | 1,700 | 61,710 |
elf Beauty, Inc.* | 1,400 | 40,670 |
Inter Parfums, Inc. | 624 | 46,656 |
Revlon, Inc., Class A* | 270 | 2,730 |
The Beauty Health Co.* | 2,800 | 72,716 |
The Honest Co, Inc.* | 900 | 9,342 |
233,824 | ||
Distribution & Wholesale — 0.7% | ||
A-Mark Precious Metals, Inc. | 300 | 18,006 |
Avient Corp. | 2,955 | 136,964 |
EVI Industries, Inc.* | 200 | 5,440 |
G-III Apparel Group Ltd.* | 1,308 | 37,017 |
Global Industrial Co. | 362 | 13,716 |
H&E Equipment Services, Inc. | 1,059 | 36,758 |
KAR Auction Services, Inc.* | 3,800 | 62,282 |
Resideo Technologies, Inc.* | 4,700 | 116,513 |
ScanSource, Inc.* | 881 | 30,650 |
Titan Machinery, Inc.* | 523 | 13,551 |
7
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Distribution & Wholesale — (continued) | ||
Veritiv Corp.* | 500 | $44,780 |
VSE Corp. | 308 | 14,836 |
WESCO International, Inc.* | 1,447 | 166,868 |
697,381 | ||
Diversified Financial Services — 2.3% | ||
Amerant Bancorp, Inc.* | 700 | 17,318 |
Artisan Partners Asset Management, Inc., Class A | 1,900 | 92,948 |
AssetMark Financial Holdings, Inc.* | 500 | 12,435 |
Associated Capital Group, Inc., Class A | 100 | 3,741 |
Atlanticus Holdings Corp.* | 200 | 10,612 |
B Riley Financial, Inc. | 600 | 35,424 |
BGC Partners, Inc., Class A | 10,500 | 54,705 |
Blucora, Inc.* | 1,596 | 24,882 |
Brightsphere Investment Group, Inc. | 1,900 | 49,647 |
Calamos Asset Management, Inc., Class A(1) | 469 | 0 |
Cohen & Steers, Inc. | 817 | 68,440 |
Columbia Financial, Inc.* | 1,500 | 27,750 |
Cowen, Inc., Class A | 747 | 25,629 |
Curo Group Holdings Corp. | 900 | 15,597 |
Diamond Hill Investment Group, Inc. | 107 | 18,796 |
Encore Capital Group, Inc.* | 997 | 49,122 |
Enova International, Inc.* | 1,113 | 38,454 |
EZCORP, Inc., Class A* | 1,766 | 13,369 |
Federal Agricultural Mortgage Corp., Class C | 300 | 32,556 |
Federated Hermes, Inc., Class B | 3,000 | 97,500 |
Finance Of America Cos., Inc., Class A* | 1,300 | 6,435 |
Flywire Corp.* | 400 | 17,536 |
Focus Financial Partners, Inc., Class A* | 1,900 | 99,503 |
GAMCO Investors, Inc., Class A | 215 | 5,672 |
GCM Grosvenor, Inc., Class A | 1,200 | 13,824 |
Greenhill & Co., Inc. | 500 | 7,310 |
Hamilton Lane, Inc., Class A | 1,100 | 93,302 |
Houlihan Lokey, Inc. | 1,650 | 151,965 |
I3 Verticals, Inc., Class A* | 800 | 19,368 |
International Money Express, Inc.* | 900 | 15,030 |
LendingClub Corp.* | 3,160 | 89,238 |
LendingTree, Inc.* | 377 | 52,716 |
Marlin Business Services Corp. | 200 | 4,446 |
Moelis & Co., Class A | 2,000 | 123,740 |
Mr. Cooper Group, Inc.* | 2,392 | 98,479 |
Navient Corp. | 5,300 | 104,569 |
Nelnet, Inc., Class A | 599 | 47,465 |
Ocwen Financial Corp.* | 300 | 8,439 |
Oportun Financial Corp.* | 700 | 17,521 |
Oppenheimer Holdings, Inc., Class A | 238 | 10,779 |
PennyMac Financial Services, Inc. | 1,100 | 67,243 |
Piper Sandler Cos. | 587 | 81,276 |
PJT Partners, Inc., Class A | 800 | 63,288 |
PRA Group, Inc.* | 1,448 | 61,019 |
Pzena Investment Management, Inc., Class A | 830 | 8,167 |
Number of Shares | Value† | |
Diversified Financial Services — (continued) | ||
Regional Management Corp. | 300 | $17,454 |
Sculptor Capital Management, Inc. | 600 | 16,734 |
StepStone Group, Inc., Class A | 1,200 | 51,168 |
StoneX Group, Inc.* | 493 | 32,489 |
Virtus Investment Partners, Inc. | 236 | 73,235 |
WisdomTree Investments, Inc. | 3,900 | 22,113 |
World Acceptance Corp.* | 125 | 23,697 |
2,194,145 | ||
Electric — 1.3% | ||
ALLETE, Inc. | 1,751 | 104,220 |
Ameresco, Inc., Class A* | 1,000 | 58,430 |
Avista Corp. | 2,339 | 91,502 |
Black Hills Corp. | 2,048 | 128,532 |
Clearway Energy, Inc., Class A | 1,100 | 31,020 |
Clearway Energy, Inc., Class C | 2,600 | 78,702 |
Evoqua Water Technologies Corp.* | 3,700 | 138,972 |
FTC Solar, Inc.* | 800 | 6,232 |
MGE Energy, Inc. | 1,242 | 91,287 |
NorthWestern Corp. | 1,680 | 96,264 |
Ormat Technologies, Inc. | 1,500 | 99,915 |
Otter Tail Corp. | 1,292 | 72,313 |
PNM Resources, Inc. | 2,810 | 139,039 |
Portland General Electric Co. | 2,956 | 138,902 |
Unitil Corp. | 463 | 19,807 |
Via Renewables, Inc. | 400 | 4,076 |
1,299,213 | ||
Electrical Components & Equipment — 0.7% | ||
American Superconductor Corp.* | 900 | 13,122 |
Belden, Inc. | 1,455 | 84,768 |
Blink Charging Co.* | 1,200 | 34,332 |
Encore Wire Corp. | 671 | 63,631 |
Energizer Holdings, Inc. | 2,200 | 85,910 |
EnerSys | 1,423 | 105,928 |
Insteel Industries, Inc. | 491 | 18,683 |
nLight, Inc.* | 1,300 | 36,647 |
Novanta, Inc.* | 1,200 | 185,400 |
Powell Industries, Inc. | 229 | 5,626 |
634,047 | ||
Electronics — 1.7% | ||
Advanced Energy Industries, Inc. | 1,293 | 113,461 |
Akoustis Technologies, Inc.* | 1,100 | 10,670 |
Allied Motion Technologies, Inc. | 300 | 9,384 |
Atkore, Inc.* | 1,500 | 130,380 |
Badger Meter, Inc. | 918 | 92,847 |
Benchmark Electronics, Inc. | 1,313 | 35,070 |
Brady Corp., Class A | 1,557 | 78,940 |
Comtech Telecommunications Corp. | 952 | 24,381 |
FARO Technologies, Inc.* | 620 | 40,802 |
Fluidigm Corp.* | 2,500 | 16,475 |
GoPro, Inc., Class A* | 3,800 | 35,568 |
Identiv, Inc.* | 800 | 15,072 |
II-VI, Inc.* | 3,418 | 202,892 |
Itron, Inc.* | 1,500 | 113,445 |
8
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Electronics — (continued) | ||
Kimball Electronics, Inc.* | 933 | $24,043 |
Knowles Corp.* | 3,152 | 59,068 |
Luna Innovations, Inc.* | 700 | 6,650 |
Mesa Laboratories, Inc. | 175 | 52,913 |
MicroVision, Inc.* | 5,100 | 56,355 |
Napco Security Technologies, Inc.* | 500 | 21,540 |
NVE Corp. | 109 | 6,973 |
OSI Systems, Inc.* | 557 | 52,804 |
Plexus Corp.* | 903 | 80,737 |
Sanmina Corp.* | 2,026 | 78,082 |
Stoneridge, Inc.* | 873 | 17,800 |
TTM Technologies, Inc.* | 3,829 | 48,131 |
Turtle Beach Corp.* | 500 | 13,910 |
Vicor Corp.* | 722 | 96,864 |
Vishay Intertechnology, Inc. | 4,300 | 86,387 |
Vishay Precision Group, Inc.* | 300 | 10,431 |
1,632,075 | ||
Energy-Alternate Sources — 0.7% | ||
Advent Technologies Holdings, Inc.* | 700 | 6,090 |
Aemetis, Inc.* | 900 | 16,452 |
Alto Ingredients, Inc.* | 2,600 | 12,844 |
Array Technologies, Inc.* | 4,200 | 77,784 |
Beam Global* | 300 | 8,211 |
Cleanspark, Inc.* | 1,200 | 13,908 |
Eos Energy Enterprises, Inc.* | 1,400 | 19,642 |
FuelCell Energy, Inc.* | 10,500 | 70,245 |
FutureFuel Corp. | 800 | 5,704 |
Gevo, Inc.* | 6,400 | 42,496 |
Green Plains, Inc.* | 1,367 | 44,633 |
Renewable Energy Group, Inc.* | 1,400 | 70,280 |
REX American Resources Corp.* | 192 | 15,335 |
Stem, Inc.* | 1,600 | 38,224 |
Sunnova Energy International, Inc.* | 2,800 | 92,232 |
SunPower Corp.* | 2,800 | 63,504 |
TPI Composites, Inc.* | 1,100 | 37,125 |
634,709 | ||
Engineering & Construction — 1.4% | ||
908 Devices, Inc.* | 500 | 16,260 |
Arcosa, Inc. | 1,600 | 80,272 |
Atlas Technical Consultants, Inc.* | 500 | 5,085 |
Comfort Systems USA, Inc. | 1,127 | 80,378 |
Concrete Pumping Holdings, Inc.* | 400 | 3,416 |
Construction Partners, Inc., Class A* | 1,000 | 33,370 |
Dycom Industries, Inc.* | 953 | 67,892 |
EMCOR Group, Inc. | 1,763 | 203,415 |
Exponent, Inc. | 1,680 | 190,092 |
Fluor Corp.* | 4,500 | 71,865 |
Granite Construction, Inc. | 1,433 | 56,675 |
Great Lakes Dredge & Dock Corp.* | 1,951 | 29,441 |
IES Holdings, Inc.* | 200 | 9,138 |
Infrastructure and Energy Alternatives, Inc.* | 800 | 9,144 |
Iteris, Inc.* | 1,200 | 6,336 |
Latham Group, Inc.* | 800 | 13,120 |
Number of Shares | Value† | |
Engineering & Construction — (continued) | ||
Mistras Group, Inc.* | 600 | $6,096 |
MYR Group, Inc.* | 583 | 58,008 |
NV5 Global, Inc.* | 400 | 39,428 |
Primoris Services Corp. | 1,790 | 43,837 |
Southwest Gas Holdings, Inc. | 1,973 | 131,954 |
Sterling Construction Co.* | 800 | 18,136 |
Tutor Perini Corp.* | 1,397 | 18,133 |
WillScot Mobile Mini Holdings Corp.* | 6,752 | 214,173 |
1,405,664 | ||
Entertainment — 1.8% | ||
Accel Entertainment, Inc.* | 1,500 | 18,210 |
AMC Entertainment Holdings, Inc., Class A* | 16,655 | 633,890 |
Bally's Corp.* | 1,050 | 52,647 |
Chicken Soup For The Soul Entertainment, Inc.* | 400 | 9,148 |
Cinemark Holdings, Inc.* | 3,500 | 67,235 |
Eros STX Global Corp.* | 11,400 | 10,482 |
Esports Technologies, Inc.* | 400 | 13,428 |
Everi Holdings, Inc.* | 2,800 | 67,704 |
GAN Ltd.* | 1,400 | 20,818 |
Golden Entertainment, Inc.* | 600 | 29,454 |
Golden Nugget Online Gaming, Inc.* | 1,200 | 20,844 |
Hall of Fame Resort & Entertainment Co.* | 2,200 | 5,830 |
IMAX Corp.* | 1,800 | 34,164 |
International Game Technology PLC* | 3,200 | 84,224 |
Liberty Media Corp.-Liberty Braves, Class A* | 300 | 8,073 |
Liberty Media Corp.-Liberty Braves, Class C* | 1,300 | 34,346 |
Lions Gate Entertainment Corp., Class A* | 1,900 | 26,961 |
Lions Gate Entertainment Corp., Class B* | 3,800 | 49,400 |
Madison Square Garden Entertainment Corp.* | 837 | 60,825 |
Monarch Casino & Resort, Inc.* | 385 | 25,791 |
NEOGAMES S.A.* | 100 | 3,672 |
RCI Hospitality Holdings, Inc. | 300 | 20,553 |
Red Rock Resorts, Inc., Class A* | 2,100 | 107,562 |
Rush Street Interactive, Inc.* | 1,800 | 34,578 |
Scientific Games Corp.* | 3,100 | 257,517 |
SeaWorld Entertainment, Inc.* | 1,700 | 94,044 |
1,791,400 | ||
Environmental Control — 0.7% | ||
Casella Waste Systems, Inc., Class A* | 1,600 | 121,504 |
CECO Environmental Corp.* | 1,309 | 9,215 |
Centrus Energy Corp., Class A* | 400 | 15,464 |
Covanta Holding Corp. | 4,100 | 82,492 |
Energy Recovery, Inc.* | 1,500 | 28,545 |
Harsco Corp.* | 2,800 | 47,460 |
Heritage-Crystal Clean, Inc.* | 400 | 11,592 |
Montrose Environmental Group, Inc.* | 700 | 43,218 |
9
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Environmental Control — (continued) | ||
Pure Cycle Corp.* | 800 | $10,648 |
PureCycle Technologies, Inc.* | 1,100 | 14,608 |
Sharps Compliance Corp.* | 600 | 4,962 |
Tetra Tech, Inc. | 1,764 | 263,436 |
US Ecology, Inc.* | 940 | 30,409 |
683,553 | ||
Food — 1.5% | ||
AquaBounty Technologies, Inc.* | 2,000 | 8,140 |
B&G Foods, Inc. | 1,972 | 58,943 |
BellRing Brands, Inc., Class A* | 1,300 | 39,975 |
Calavo Growers, Inc. | 551 | 21,070 |
Cal-Maine Foods, Inc. | 1,246 | 45,055 |
HF Foods Group, Inc.* | 1,300 | 7,865 |
Hostess Brands, Inc.* | 4,400 | 76,428 |
Ingles Markets, Inc., Class A | 404 | 26,676 |
J & J Snack Foods Corp. | 470 | 71,826 |
John B Sanfilippo & Son, Inc. | 300 | 24,516 |
Krispy Kreme, Inc.* | 700 | 9,800 |
Laird Superfood, Inc.* | 300 | 5,724 |
Lancaster Colony Corp. | 604 | 101,961 |
Landec Corp.* | 718 | 6,620 |
Mission Produce, Inc.* | 1,300 | 23,894 |
Nathan's Famous, Inc. | 100 | 6,117 |
Natural Grocers by Vitamin Cottage, Inc. | 400 | 4,488 |
Performance Food Group Co.* | 4,900 | 227,654 |
Sanderson Farms, Inc. | 656 | 123,459 |
Seneca Foods Corp., Class A* | 211 | 10,175 |
SpartanNash Co. | 1,130 | 24,747 |
Sprouts Farmers Market, Inc.* | 3,800 | 88,046 |
Tattooed Chef, Inc.* | 1,600 | 29,488 |
The Chefs' Warehouse, Inc.* | 950 | 30,942 |
The Simply Good Foods Co.* | 2,700 | 93,123 |
Tootsie Roll Industries, Inc. | 550 | 16,737 |
TreeHouse Foods, Inc.* | 1,700 | 67,796 |
United Natural Foods, Inc.* | 1,900 | 91,998 |
Utz Brands, Inc. | 2,000 | 34,260 |
Village Super Market, Inc., Class A | 268 | 5,810 |
Weis Markets, Inc. | 566 | 29,743 |
Whole Earth Brands, Inc.* | 1,300 | 15,015 |
1,428,091 | ||
Food Service — 0.1% | ||
Healthcare Services Group, Inc. | 2,580 | 64,474 |
Forest Products & Paper — 0.2% | ||
Clearwater Paper Corp.* | 578 | 22,155 |
Domtar Corp.* | 1,700 | 92,718 |
Glatfelter Corp. | 1,359 | 19,162 |
Neenah, Inc. | 474 | 22,093 |
Schweitzer-Mauduit International, Inc. | 976 | 33,828 |
Verso Corp., Class A | 1,100 | 22,825 |
212,781 | ||
Gas — 0.6% | ||
Brookfield Infrastructure Corp., Class A | 1,700 | 101,796 |
Number of Shares | Value† | |
Gas — (continued) | ||
Chesapeake Utilities Corp. | 535 | $64,227 |
New Jersey Resources Corp. | 3,264 | 113,620 |
Northwest Natural Holding Co. | 950 | 43,690 |
ONE Gas, Inc. | 1,700 | 107,729 |
South Jersey Industries, Inc. | 3,280 | 69,733 |
Spire, Inc. | 1,656 | 101,314 |
602,109 | ||
Hand & Machine Tools — 0.2% | ||
Franklin Electric Co., Inc. | 1,470 | 117,379 |
Kennametal, Inc. | 2,700 | 92,421 |
Luxfer Holdings PLC | 1,000 | 19,630 |
229,430 | ||
Healthcare Products — 4.0% | ||
Accelerate Diagnostics, Inc.* | 951 | 5,544 |
Accuray, Inc.* | 2,738 | 10,815 |
Acutus Medical, Inc.* | 300 | 2,652 |
Alphatec Holdings, Inc.* | 2,300 | 28,037 |
AngioDynamics, Inc.* | 1,158 | 30,039 |
Apria, Inc.* | 500 | 18,575 |
Apyx Medical Corp.* | 800 | 11,080 |
Asensus Surgical, Inc.* | 8,000 | 14,800 |
Aspira Women's Health, Inc.* | 2,100 | 6,825 |
AtriCure, Inc.* | 1,500 | 104,325 |
Atrion Corp. | 44 | 30,690 |
Avanos Medical, Inc.* | 1,500 | 46,800 |
Avita Medical, Inc.* | 800 | 14,176 |
Axogen, Inc.* | 1,200 | 18,960 |
Axonics, Inc.* | 1,400 | 91,126 |
BioLife Solutions, Inc.* | 800 | 33,856 |
Bionano Genomics, Inc.* | 9,200 | 50,600 |
Bioventus, Inc., Class A* | 400 | 5,664 |
Butterfly Network, Inc.* | 5,900 | 61,596 |
Cardiovascular Systems, Inc.* | 1,200 | 39,396 |
CareDx, Inc.* | 1,600 | 101,392 |
Castle Biosciences, Inc.* | 700 | 46,550 |
Celcuity, Inc.* | 300 | 5,400 |
Cerus Corp.* | 5,300 | 32,277 |
ClearPoint Neuro, Inc.* | 700 | 12,425 |
CONMED Corp. | 935 | 122,326 |
CryoLife, Inc.* | 1,199 | 26,726 |
Cutera, Inc.* | 500 | 23,300 |
CVRx, Inc.* | 300 | 4,962 |
CytoSorbents Corp.* | 1,100 | 8,932 |
DermTech, Inc.* | 800 | 25,688 |
Eargo, Inc.* | 700 | 4,711 |
Glaukos Corp.* | 1,453 | 69,991 |
Haemonetics Corp.* | 1,631 | 115,132 |
Hanger, Inc.* | 1,100 | 24,156 |
Inari Medical, Inc.* | 1,100 | 89,210 |
InfuSystem Holdings, Inc.* | 600 | 7,818 |
Inogen, Inc.* | 600 | 25,854 |
Inspire Medical Systems, Inc.* | 868 | 202,140 |
Integer Holdings Corp.* | 1,040 | 92,914 |
Intersect ENT, Inc.* | 1,200 | 32,640 |
10
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Healthcare Products — (continued) | ||
Invacare Corp.* | 1,190 | $5,664 |
iRadimed Corp.* | 200 | 6,718 |
iRhythm Technologies, Inc.* | 925 | 54,168 |
Lantheus Holdings, Inc.* | 2,206 | 56,650 |
LeMaitre Vascular, Inc. | 700 | 37,163 |
LivaNova PLC* | 1,700 | 134,623 |
Meridian Bioscience, Inc.* | 1,360 | 26,167 |
Merit Medical Systems, Inc.* | 1,675 | 120,265 |
MiMedx Group, Inc.* | 3,700 | 22,422 |
Misonix, Inc.* | 300 | 7,590 |
NanoString Technologies, Inc.* | 1,500 | 72,015 |
Natus Medical, Inc.* | 1,075 | 26,961 |
Neogen Corp.* | 3,438 | 149,312 |
NeuroPace, Inc.* | 300 | 4,755 |
Nevro Corp.* | 1,117 | 129,997 |
NuVasive, Inc.* | 1,706 | 102,104 |
Omnicell, Inc.* | 1,389 | 206,169 |
OraSure Technologies, Inc.* | 2,201 | 24,893 |
Orthofix Medical, Inc.* | 571 | 21,767 |
OrthoPediatrics Corp.* | 400 | 26,204 |
Patterson Cos., Inc. | 2,800 | 84,392 |
PAVmed, Inc.* | 2,900 | 24,766 |
Pulmonx Corp.* | 800 | 28,784 |
Pulse Biosciences, Inc.* | 494 | 10,670 |
Quanterix Corp.* | 1,000 | 49,790 |
Quotient Ltd.* | 2,200 | 5,148 |
Rapid Micro Biosystems, Inc., Class A* | 300 | 5,541 |
Retractable Technologies, Inc.* | 300 | 3,309 |
SeaSpine Holdings Corp.* | 1,000 | 15,730 |
Shockwave Medical, Inc.* | 1,090 | 224,409 |
SI-BONE, Inc.* | 1,000 | 21,420 |
Sientra, Inc.* | 1,900 | 10,887 |
Silk Road Medical, Inc.* | 1,100 | 60,533 |
Soliton, Inc.* | 300 | 6,108 |
STAAR Surgical Co.* | 1,500 | 192,795 |
Stereotaxis, Inc.* | 1,700 | 9,146 |
Surmodics, Inc.* | 373 | 20,739 |
Tactile Systems Technology, Inc.* | 600 | 26,670 |
Talis Biomedical Corp.* | 600 | 3,750 |
Treace Medical Concepts, Inc.* | 400 | 10,760 |
Utah Medical Products, Inc. | 100 | 9,284 |
Varex Imaging Corp.* | 1,400 | 39,480 |
ViewRay, Inc.* | 4,200 | 30,282 |
Zynex, Inc.* | 600 | 6,834 |
3,836,934 | ||
Healthcare Services — 2.2% | ||
Accolade, Inc.* | 1,600 | 67,472 |
Addus HomeCare Corp.* | 500 | 39,875 |
Agiliti, Inc.* | 800 | 15,232 |
American Well Corp., Class A* | 6,300 | 57,393 |
Aveanna Healthcare Holdings, Inc.* | 1,400 | 11,228 |
Brookdale Senior Living, Inc.* | 5,500 | 34,650 |
Community Health Systems, Inc.* | 4,100 | 47,970 |
Fulgent Genetics, Inc.* | 700 | 62,965 |
Number of Shares | Value† | |
Healthcare Services — (continued) | ||
Innovage Holding Corp.* | 700 | $4,627 |
Inotiv, Inc.* | 500 | 14,620 |
Invitae Corp.* | 6,500 | 184,795 |
LHC Group, Inc.* | 986 | 154,713 |
LifeStance Health Group, Inc.* | 1,500 | 21,750 |
Magellan Health, Inc.* | 741 | 70,062 |
MEDNAX, Inc.* | 2,500 | 71,075 |
Medpace Holdings, Inc.* | 900 | 170,352 |
ModivCare, Inc.* | 400 | 72,648 |
National HealthCare Corp. | 406 | 28,412 |
Neuronetics, Inc.* | 900 | 5,904 |
Ontrak, Inc.* | 200 | 2,008 |
OPKO Health, Inc.* | 14,001 | 51,104 |
Ortho Clinical Diagnostics Holdings PLC* | 3,600 | 66,528 |
Personalis, Inc.* | 1,200 | 23,088 |
R1 RCM, Inc.* | 3,800 | 83,638 |
RadNet, Inc.* | 1,600 | 46,896 |
Select Medical Holdings Corp. | 3,600 | 130,212 |
SOC Telemed, Inc.* | 1,600 | 3,616 |
Surgery Partners, Inc.* | 1,000 | 42,340 |
Tenet Healthcare Corp.* | 3,400 | 225,896 |
The Ensign Group, Inc. | 1,680 | 125,815 |
The Joint Corp.* | 400 | 39,208 |
The Pennant Group, Inc.* | 740 | 20,787 |
Tivity Health, Inc.* | 1,289 | 29,724 |
Triple-S Management Corp., Class B* | 831 | 29,392 |
U.S. Physical Therapy, Inc. | 456 | 50,434 |
Vapotherm, Inc.* | 600 | 13,362 |
Viemed Healthcare, Inc.* | 1,300 | 7,215 |
2,127,006 | ||
Home Builders — 1.2% | ||
Beazer Homes USA, Inc.* | 924 | 15,939 |
Cavco Industries, Inc.* | 298 | 70,549 |
Century Communities, Inc. | 1,000 | 61,450 |
Forestar Group, Inc.* | 460 | 8,570 |
Green Brick Partners, Inc.* | 1,000 | 20,520 |
Hovnanian Enterprises, Inc., Class A* | 200 | 19,278 |
Installed Building Products, Inc. | 766 | 82,077 |
KB Home | 2,700 | 105,084 |
LCI Industries | 791 | 106,492 |
LGI Homes, Inc.* | 700 | 99,337 |
M/I Homes, Inc.* | 936 | 54,101 |
MDC Holdings, Inc. | 1,859 | 86,852 |
Meritage Homes Corp.* | 1,190 | 115,430 |
Skyline Corp.* | 1,700 | 102,102 |
Taylor Morrison Home Corp.* | 4,100 | 105,698 |
Tri Pointe Homes, Inc.* | 3,600 | 75,672 |
Winnebago Industries, Inc. | 1,022 | 74,044 |
1,203,195 | ||
Home Furnishings — 0.6% | ||
Aterian, Inc.* | 700 | 7,581 |
Casper Sleep, Inc.* | 1,100 | 4,697 |
Daktronics, Inc.* | 1,209 | 6,565 |
11
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Home Furnishings — (continued) | ||
Ethan Allen Interiors, Inc. | 628 | $14,884 |
Flexsteel Industries, Inc. | 300 | 9,264 |
Hamilton Beach Brands Holding Co., Class A | 144 | 2,256 |
Herman Miller, Inc. | 2,528 | 95,204 |
Hooker Furnishings Corp. | 300 | 8,097 |
iRobot Corp.* | 880 | 69,080 |
Kopin Corp.* | 2,700 | 13,851 |
Purple Innovation, Inc.* | 1,700 | 35,734 |
Sleep Number Corp.* | 772 | 72,167 |
Snap One Holdings Corp.* | 400 | 6,668 |
Sonos, Inc.* | 3,900 | 126,204 |
The Lovesac Co.* | 400 | 26,436 |
Traeger, Inc.* | 700 | 14,651 |
Universal Electronics, Inc.* | 400 | 19,700 |
VOXX International Corp.* | 500 | 5,725 |
Weber, Inc., Class A* | 500 | 8,795 |
547,559 | ||
Household Products & Wares — 0.4% | ||
ACCO Brands Corp. | 2,893 | 24,851 |
Central Garden & Pet Co.* | 300 | 14,400 |
Central Garden & Pet Co., Class A* | 1,402 | 60,286 |
Helen of Troy Ltd.* | 778 | 174,801 |
Quanex Building Products Corp. | 1,025 | 21,945 |
WD-40 Co. | 437 | 101,157 |
397,440 | ||
Housewares — 0.0% | ||
Lifetime Brands, Inc. | 400 | 7,276 |
Tupperware Brands Corp.* | 1,800 | 38,016 |
45,292 | ||
Insurance — 2.2% | ||
Ambac Financial Group, Inc.* | 1,500 | 21,480 |
American Equity Investment Life Holding Co. | 2,676 | 79,129 |
American National Group, Inc. | 300 | 56,709 |
AMERISAFE, Inc. | 608 | 34,145 |
Argo Group International Holdings Ltd. | 1,032 | 53,891 |
BRP Group, Inc., Class A* | 1,500 | 49,935 |
Citizens, Inc.* | 1,466 | 9,104 |
CNO Financial Group, Inc. | 4,093 | 96,349 |
Crawford & Co., Class A | 700 | 6,279 |
Donegal Group, Inc., Class A | 283 | 4,101 |
eHealth, Inc.* | 720 | 29,160 |
Employers Holdings, Inc. | 882 | 34,830 |
Enstar Group Ltd.* | 401 | 94,127 |
Essent Group Ltd. | 3,600 | 158,436 |
Genworth Financial, Inc., Class A* | 17,800 | 66,750 |
Goosehead Insurance, Inc., Class A | 600 | 91,374 |
Greenlight Capital Re Ltd., Class A* | 1,128 | 8,336 |
HCI Group, Inc. | 200 | 22,154 |
Heritage Insurance Holdings, Inc. | 800 | 5,448 |
Horace Mann Educators Corp. | 1,280 | 50,931 |
Independence Holding Co. | 100 | 4,959 |
Number of Shares | Value† | |
Insurance — (continued) | ||
Investors Title Co. | 39 | $7,121 |
James River Group Holdings Ltd. | 1,100 | 41,503 |
Kinsale Capital Group, Inc. | 694 | 112,220 |
Maiden Holdings Ltd.* | 2,800 | 8,848 |
MBIA, Inc.* | 1,300 | 16,705 |
MetroMile, Inc.* | 1,400 | 4,970 |
National Western Life Group, Inc., Class A | 74 | 15,584 |
NI Holdings, Inc.* | 200 | 3,512 |
NMI Holdings, Inc., Class A* | 2,900 | 65,569 |
Palomar Holdings, Inc.* | 800 | 64,664 |
ProAssurance Corp. | 1,600 | 38,048 |
Radian Group, Inc. | 6,003 | 136,388 |
RLI Corp. | 1,292 | 129,549 |
Safety Insurance Group, Inc. | 482 | 38,199 |
Selective Insurance Group, Inc. | 1,975 | 149,172 |
Selectquote, Inc.* | 4,300 | 55,599 |
SiriusPoint Ltd.* | 3,300 | 30,558 |
State Auto Financial Corp. | 576 | 29,347 |
Stewart Information Services Corp. | 808 | 51,114 |
Tiptree, Inc. | 1,100 | 11,022 |
Trean Insurance Group, Inc.* | 500 | 5,175 |
Trupanion, Inc.* | 1,200 | 93,204 |
United Fire Group, Inc. | 680 | 15,708 |
United Insurance Holdings Corp. | 800 | 2,904 |
Universal Insurance Holdings, Inc. | 651 | 8,489 |
2,112,799 | ||
Internet — 2.3% | ||
1-800-Flowers.com, Inc., Class A* | 737 | 22,486 |
Bright Health Group, Inc.* | 1,700 | 13,872 |
Cargurus, Inc.* | 3,200 | 100,512 |
CarParts.com, Inc.* | 1,600 | 24,976 |
Cars.com, Inc.* | 2,500 | 31,625 |
ChannelAdvisor Corp.* | 900 | 22,707 |
Cogent Communications Holdings, Inc. | 1,419 | 100,522 |
comScore, Inc.* | 1,900 | 7,410 |
Couchbase, Inc.* | 300 | 9,333 |
ePlus, Inc.* | 476 | 48,842 |
Eventbrite, Inc., Class A* | 2,500 | 47,275 |
EverQuote, Inc., Class A* | 700 | 13,041 |
fuboTV, Inc.* | 4,200 | 100,632 |
Groupon, Inc.* | 850 | 19,389 |
HealthStream, Inc.* | 900 | 25,722 |
HyreCar, Inc.* | 600 | 5,100 |
Lands' End, Inc.* | 500 | 11,770 |
Limelight Networks, Inc.* | 4,172 | 9,929 |
Liquidity Services, Inc.* | 735 | 15,883 |
LiveXLive Media, Inc.* | 1,500 | 4,485 |
Magnite, Inc.* | 4,206 | 117,768 |
MediaAlpha, Inc., Class A* | 600 | 11,208 |
Mimecast Ltd.* | 2,000 | 127,200 |
Open Lending Corp., Class A* | 3,400 | 122,638 |
Overstock.com, Inc.* | 1,400 | 109,088 |
Perficient, Inc.* | 1,045 | 120,907 |
12
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Internet — (continued) | ||
Q2 Holdings, Inc.* | 1,800 | $144,252 |
QuinStreet, Inc.* | 1,715 | 30,116 |
Revolve Group, Inc.* | 1,200 | 74,124 |
Shutterstock, Inc. | 800 | 90,656 |
Stamps.com, Inc.* | 575 | 189,629 |
Stitch Fix, Inc., Class A* | 1,900 | 75,905 |
TechTarget, Inc.* | 800 | 65,936 |
The RealReal, Inc.* | 2,600 | 34,268 |
TrueCar, Inc.* | 3,500 | 14,560 |
Tucows, Inc., Class A* | 300 | 23,685 |
Upwork, Inc.* | 3,900 | 175,617 |
VirnetX Holding Corp.* | 2,283 | 8,949 |
Yelp, Inc.* | 2,300 | 85,652 |
Zix Corp.* | 1,848 | 13,065 |
2,270,734 | ||
Investment Companies — 0.0% | ||
Altus Midstream Co., Class A | 100 | 6,903 |
Iron & Steel — 0.3% | ||
Allegheny Technologies, Inc.* | 4,000 | 66,520 |
Carpenter Technology Corp. | 1,500 | 49,110 |
Commercial Metals Co. | 3,900 | 118,794 |
Schnitzer Steel Industries, Inc., Class A | 900 | 39,429 |
273,853 | ||
Leisure Time — 0.5% | ||
Acushnet Holdings Corp. | 1,200 | 56,040 |
Callaway Golf Co.* | 3,746 | 103,502 |
Camping World Holdings, Inc., Class A | 1,400 | 54,418 |
Clarus Corp. | 702 | 17,992 |
Drive Shack, Inc.* | 3,200 | 8,992 |
Escalade, Inc. | 200 | 3,782 |
F45 Training Holdings, Inc.* | 700 | 10,472 |
Johnson Outdoors, Inc., Class A | 168 | 17,775 |
Liberty TripAdvisor Holdings, Inc., Class A* | 2,400 | 7,416 |
Lindblad Expeditions Holdings, Inc.* | 700 | 10,213 |
Malibu Boats, Inc., Class A* | 700 | 48,986 |
Marine Products Corp. | 88 | 1,101 |
MasterCraft Boat Holdings, Inc.* | 500 | 12,540 |
Nautilus, Inc.* | 900 | 8,379 |
OneSpaWorld Holdings Ltd.* | 1,600 | 15,952 |
OneWater Marine, Inc., Class A | 400 | 16,084 |
Vista Outdoor, Inc.* | 1,900 | 76,589 |
470,233 | ||
Lodging — 0.2% | ||
Bluegreen Vacations Holding Corp.* | 404 | 10,423 |
Century Casinos, Inc.* | 1,100 | 14,817 |
Full House Resorts, Inc.* | 1,200 | 12,732 |
Hilton Grand Vacations, Inc.* | 2,800 | 133,196 |
Target Hospitality Corp.* | 1,300 | 4,849 |
The Marcus Corp.* | 733 | 12,791 |
188,808 |
Number of Shares | Value† | |
Machinery — Construction & Mining — 0.3% | ||
Argan, Inc. | 436 | $19,040 |
Astec Industries, Inc. | 698 | 37,559 |
Babcock & Wilcox Enterprises, Inc.* | 2,000 | 12,820 |
Bloom Energy Corp., Class A* | 4,500 | 84,240 |
Hyster-Yale Materials Handling, Inc. | 344 | 17,289 |
Terex Corp. | 2,300 | 96,830 |
The Manitowoc Co., Inc.* | 1,025 | 21,956 |
289,734 | ||
Machinery — Diversified — 1.7% | ||
AgEagle Aerial Systems, Inc.* | 2,500 | 7,525 |
Alamo Group, Inc. | 317 | 44,231 |
Albany International Corp., Class A | 1,032 | 79,330 |
Altra Industrial Motion Corp. | 2,103 | 116,401 |
Applied Industrial Technologies, Inc. | 1,282 | 115,547 |
Cactus, Inc., Class A | 1,700 | 64,124 |
Chart Industries, Inc.* | 1,177 | 224,937 |
CIRCOR International, Inc.* | 635 | 20,961 |
Columbus McKinnon Corp. | 885 | 42,790 |
CSW Industrials, Inc. | 482 | 61,551 |
DXP Enterprises, Inc.* | 522 | 15,436 |
Eastman Kodak Co.* | 1,600 | 10,896 |
GrafTech International Ltd. | 6,600 | 68,112 |
Hydrofarm Holdings Group, Inc.* | 1,300 | 49,205 |
Ichor Holdings Ltd.* | 900 | 36,981 |
Kadant, Inc. | 372 | 75,925 |
Lindsay Corp. | 385 | 58,439 |
Mueller Water Products, Inc., Class A | 5,392 | 82,066 |
NN, Inc.* | 1,600 | 8,400 |
Ranpak Holdings Corp.* | 1,200 | 32,184 |
SPX FLOW, Inc. | 1,400 | 102,340 |
Tennant Co. | 636 | 47,032 |
The Gorman-Rupp Co. | 751 | 26,893 |
Thermon Group Holdings, Inc.* | 1,100 | 19,041 |
Watts Water Technologies, Inc., Class A | 888 | 149,264 |
Welbilt, Inc.* | 4,200 | 97,608 |
1,657,219 | ||
Media — 0.8% | ||
AMC Networks, Inc., Class A* | 1,000 | 46,590 |
CuriosityStream, Inc.* | 1,000 | 10,540 |
Entercom Communications Corp.* | 3,100 | 11,408 |
Entravision Communications Corp., Class A | 2,500 | 17,750 |
Gannett Co., Inc.* | 4,253 | 28,410 |
Gray Television, Inc. | 2,700 | 61,614 |
Hemisphere Media Group, Inc.* | 400 | 4,872 |
Houghton Mifflin Harcourt Co.* | 4,200 | 56,406 |
iHeartMedia, Inc., Class A* | 3,600 | 90,072 |
Liberty Latin America Ltd., Class A* | 1,400 | 18,312 |
Liberty Latin America Ltd., Class C* | 5,352 | 70,218 |
Meredith Corp.* | 1,400 | 77,980 |
Scholastic Corp. | 956 | 34,081 |
Sinclair Broadcast Group, Inc., Class A | 1,400 | 44,352 |
TEGNA, Inc. | 7,200 | 141,984 |
The E.W. Scripps Co., Class A | 2,029 | 36,644 |
13
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Media — (continued) | ||
Thryv Holdings, Inc.* | 300 | $9,012 |
WideOpenWest, Inc.* | 1,800 | 35,370 |
795,615 | ||
Metal Fabricate/Hardware — 0.9% | ||
AZZ, Inc. | 776 | 41,283 |
Helios Technologies, Inc. | 1,059 | 86,954 |
Lawson Products, Inc.* | 100 | 5,001 |
Mayville Engineering Co., Inc.* | 300 | 5,640 |
Mueller Industries, Inc. | 1,788 | 73,487 |
Northwest Pipe Co.* | 300 | 7,110 |
Olympic Steel, Inc. | 231 | 5,627 |
Omega Flex, Inc. | 59 | 8,419 |
Park-Ohio Holdings Corp. | 200 | 5,104 |
Proto Labs, Inc.* | 973 | 64,802 |
RBC Bearings, Inc.* | 913 | 193,739 |
Rexnord Corp. | 4,000 | 257,160 |
Ryerson Holding Corp. | 400 | 8,908 |
Standex International Corp. | 400 | 39,564 |
TimkenSteel Corp.* | 1,400 | 18,312 |
Tredegar Corp. | 761 | 9,269 |
Worthington Industries, Inc. | 1,084 | 57,127 |
Xometry, Inc., Class A* | 300 | 17,301 |
904,807 | ||
Mining — 0.8% | ||
Arconic Corp.* | 3,600 | 113,544 |
Century Aluminum Co.* | 1,954 | 26,281 |
Coeur Mining, Inc.* | 7,628 | 47,065 |
Compass Minerals International, Inc. | 1,100 | 70,840 |
Constellium S.E.* | 4,000 | 75,120 |
Energy Fuels, Inc.* | 4,800 | 33,696 |
Ferroglobe PLC(1) | 2,414 | 0 |
Gatos Silver, Inc.* | 1,200 | 13,956 |
Hecla Mining Co. | 17,191 | 94,551 |
Kaiser Aluminum Corp. | 516 | 56,223 |
Livent Corp.* | 5,000 | 115,550 |
MP Materials Corp.* | 2,400 | 77,352 |
Novagold Resources, Inc.* | 7,500 | 51,600 |
Perpetua Resources Corp.* | 1,100 | 5,478 |
United States Lime & Minerals, Inc. | 29 | 3,503 |
Uranium Energy Corp.* | 8,100 | 24,705 |
Ur-Energy, Inc.* | 7,000 | 12,040 |
821,504 | ||
Miscellaneous Manufacturing — 1.1% | ||
American Outdoor Brands, Inc.* | 469 | 11,519 |
AMMO, Inc.* | 2,300 | 14,145 |
Byrna Technologies, Inc.* | 400 | 8,744 |
Chase Corp. | 203 | 20,736 |
Enerpac Tool Group Corp. | 1,806 | 37,438 |
EnPro Industries, Inc. | 717 | 62,465 |
ESCO Technologies, Inc. | 834 | 64,218 |
Fabrinet* | 1,200 | 123,012 |
Federal Signal Corp. | 1,943 | 75,039 |
Haynes International, Inc. | 364 | 13,559 |
Number of Shares | Value† | |
Miscellaneous Manufacturing — (continued) | ||
Hillenbrand, Inc. | 2,344 | $99,972 |
John Bean Technologies Corp. | 1,013 | 142,377 |
Lydall, Inc.* | 600 | 37,254 |
Materion Corp. | 657 | 45,097 |
Meta Materials, Inc.* | 7,050 | 40,749 |
Myers Industries, Inc. | 1,125 | 22,016 |
NL Industries, Inc. | 90 | 518 |
Raven Industries, Inc.* | 1,146 | 66,021 |
Sight Sciences, Inc.* | 400 | 9,080 |
Smith & Wesson Brands, Inc. | 1,579 | 32,780 |
Sturm Ruger & Co., Inc. | 519 | 38,292 |
Trinity Industries, Inc. | 2,500 | 67,925 |
Trinseo S.A. | 1,300 | 70,174 |
1,103,130 | ||
Office & Business Equipment — 0.0% | ||
Pitney Bowes, Inc. | 5,200 | 37,492 |
Office Furnishings — 0.1% | ||
HNI Corp. | 1,343 | 49,315 |
Interface, Inc. | 1,995 | 30,224 |
Kimball International, Inc., Class B | 1,244 | 13,933 |
Steelcase, Inc., Class A | 2,631 | 33,361 |
126,833 | ||
Oil & Gas — 2.9% | ||
Antero Resources Corp.* | 9,200 | 173,052 |
Berry Corp. | 2,100 | 15,141 |
Bonanza Creek Energy, Inc. | 1,000 | 47,900 |
Brigham Minerals, Inc., Class A | 1,500 | 28,740 |
California Resources Corp.* | 2,700 | 110,700 |
Callon Petroleum Co.* | 1,300 | 63,804 |
Centennial Resource Development, Inc., Class A* | 6,000 | 40,200 |
Chesapeake Energy Corp. | 3,200 | 197,088 |
CNX Resources Corp.* | 7,100 | 89,602 |
Cobalt International Energy, Inc.(1),* | 1 | 0 |
Comstock Resources, Inc.* | 3,200 | 33,120 |
Contango Oil & Gas Co.* | 5,100 | 23,307 |
CVR Energy, Inc. | 1,000 | 16,660 |
Delek US Holdings, Inc.* | 1,983 | 35,635 |
Denbury, Inc.* | 1,700 | 119,425 |
Earthstone Energy, Inc., Class A* | 700 | 6,440 |
Extraction Oil & Gas, Inc.* | 500 | 28,225 |
Falcon Minerals Corp. | 1,500 | 7,050 |
Helmerich & Payne, Inc. | 3,400 | 93,194 |
Kosmos Energy Ltd.* | 12,100 | 35,816 |
Laredo Petroleum, Inc.* | 400 | 32,428 |
Magnolia Oil & Gas Corp., Class A | 4,400 | 78,276 |
Matador Resources Co. | 3,600 | 136,944 |
Murphy Oil Corp. | 4,700 | 117,359 |
Nabors Industries Ltd.* | 218 | 21,033 |
Northern Oil & Gas, Inc. | 1,600 | 34,240 |
Oasis Petroleum, Inc. | 700 | 69,594 |
Ovintiv, Inc. | 8,500 | 279,480 |
Par Pacific Holdings, Inc.* | 1,218 | 19,147 |
14
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Oil & Gas — (continued) | ||
Patterson-UTI Energy, Inc. | 6,300 | $56,700 |
PBF Energy, Inc., Class A* | 3,000 | 38,910 |
PDC Energy, Inc. | 3,255 | 154,254 |
Penn Virginia Corp.* | 400 | 10,668 |
Range Resources Corp.* | 7,700 | 174,251 |
SM Energy Co. | 4,000 | 105,520 |
Southwestern Energy Co.* | 21,952 | 121,614 |
Talos Energy, Inc.* | 1,300 | 17,901 |
Tellurian, Inc.* | 10,500 | 41,055 |
Vine Energy, Inc., Class A* | 800 | 13,176 |
W&T Offshore, Inc.* | 3,543 | 13,180 |
Whiting Petroleum Corp.* | 1,252 | 73,129 |
2,773,958 | ||
Oil & Gas Services — 0.6% | ||
Archrock, Inc. | 4,700 | 38,775 |
Bristow Group, Inc.* | 766 | 24,382 |
ChampionX Corp.* | 6,500 | 145,340 |
DMC Global, Inc.* | 700 | 25,837 |
Dril-Quip, Inc.* | 1,100 | 27,698 |
Frank's International N.V.* | 6,700 | 19,698 |
FTS International, Inc., Class A* | 400 | 9,840 |
Helix Energy Solutions Group, Inc.* | 4,501 | 17,464 |
Liberty Oilfield Services, Inc., Class A* | 2,700 | 32,751 |
Matrix Service Co.* | 987 | 10,324 |
MRC Global, Inc.* | 2,400 | 17,616 |
National Energy Services Reunited Corp.* | 1,100 | 13,772 |
Newpark Resources, Inc.* | 2,712 | 8,950 |
NexTier Oilfield Solutions, Inc.* | 4,991 | 22,958 |
NOW, Inc.* | 3,200 | 24,480 |
Oceaneering International, Inc.* | 3,000 | 39,960 |
Oil States International, Inc.* | 2,000 | 12,780 |
ProPetro Holding Corp.* | 2,900 | 25,085 |
RPC, Inc.* | 2,200 | 10,692 |
Select Energy Services, Inc., Class A* | 2,100 | 10,899 |
Solaris Oilfield Infrastructure, Inc., Class A | 1,100 | 9,174 |
TETRA Technologies, Inc.* | 4,400 | 13,728 |
Tidewater, Inc.* | 1,400 | 16,884 |
US Silica Holdings, Inc.* | 2,700 | 21,573 |
600,660 | ||
Packaging and Containers — 0.3% | ||
Greif, Inc., Class A | 800 | 51,680 |
Greif, Inc., Class B | 200 | 12,960 |
Matthews International Corp., Class A | 1,105 | 38,333 |
O-I Glass, Inc.* | 5,100 | 72,777 |
Pactiv Evergreen, Inc. | 1,200 | 15,024 |
TriMas Corp.* | 1,295 | 41,906 |
UFP Technologies, Inc.* | 200 | 12,318 |
244,998 | ||
Pharmaceuticals — 3.1% | ||
Aclaris Therapeutics, Inc.* | 1,500 | 27,000 |
AdaptHealth Corp.* | 2,500 | 58,225 |
Number of Shares | Value† | |
Pharmaceuticals — (continued) | ||
Aeglea BioTherapeutics, Inc.* | 1,500 | $11,925 |
Aerie Pharmaceuticals, Inc.* | 1,600 | 18,240 |
Agios Pharmaceuticals, Inc.* | 2,000 | 92,300 |
Akebia Therapeutics, Inc.* | 4,510 | 12,989 |
Alector, Inc.* | 1,900 | 43,358 |
Alkermes PLC* | 5,200 | 160,368 |
Amneal Pharmaceuticals, Inc.* | 2,937 | 15,684 |
Amphastar Pharmaceuticals, Inc.* | 1,100 | 20,911 |
Ampio Pharmaceuticals, Inc.* | 7,100 | 11,786 |
Anika Therapeutics, Inc.* | 400 | 17,024 |
Antares Pharma, Inc.* | 5,600 | 20,384 |
Arvinas, Inc.* | 1,400 | 115,052 |
Athenex, Inc.* | 1,900 | 5,719 |
Beyondspring, Inc.* | 800 | 12,608 |
BioDelivery Sciences International, Inc.* | 3,100 | 11,191 |
Bioxcel Therapeutics, Inc.* | 400 | 12,140 |
Catalyst Pharmaceuticals, Inc.* | 2,800 | 14,840 |
Chimerix, Inc.* | 1,700 | 10,523 |
Citius Pharmaceuticals, Inc.* | 4,100 | 8,323 |
Clovis Oncology, Inc.* | 2,600 | 11,596 |
Coherus Biosciences, Inc.* | 2,100 | 33,747 |
Collegium Pharmaceutical, Inc.* | 1,000 | 19,740 |
Corcept Therapeutics, Inc.* | 3,100 | 61,008 |
CorMedix, Inc.* | 1,000 | 4,650 |
Covetrus, Inc.* | 3,200 | 58,048 |
Cytokinetics, Inc.* | 2,500 | 89,350 |
Durect Corp.* | 7,200 | 9,216 |
Eagle Pharmaceuticals, Inc.* | 300 | 16,734 |
Enanta Pharmaceuticals, Inc.* | 600 | 34,086 |
Endo International PLC* | 8,000 | 25,920 |
Flexion Therapeutics, Inc.* | 1,200 | 7,320 |
Foghorn Therapeutics, Inc.* | 800 | 11,144 |
Fortress Biotech, Inc.* | 2,400 | 7,728 |
Fulcrum Therapeutics, Inc.* | 800 | 22,568 |
G1 Therapeutics, Inc.* | 1,300 | 17,446 |
Gritstone bio, Inc.* | 1,000 | 10,800 |
Harmony Biosciences Holdings, Inc.* | 800 | 30,664 |
Harpoon Therapeutics, Inc.* | 500 | 3,950 |
Heron Therapeutics, Inc.* | 2,700 | 28,863 |
Heska Corp.* | 312 | 80,664 |
Hookipa Pharma, Inc.* | 500 | 2,945 |
Ideaya Biosciences, Inc.* | 1,000 | 25,490 |
Immuneering Corp., Class A* | 300 | 7,965 |
Intellia Therapeutics, Inc.* | 2,200 | 295,130 |
Ironwood Pharmaceuticals, Inc.* | 4,861 | 63,485 |
Jounce Therapeutics, Inc.* | 1,600 | 11,888 |
Kala Pharmaceuticals, Inc.* | 1,400 | 3,668 |
KalVista Pharmaceuticals, Inc.* | 500 | 8,725 |
Kura Oncology, Inc.* | 1,900 | 35,587 |
Lyell Immunopharma, Inc.* | 800 | 11,840 |
Madrigal Pharmaceuticals, Inc.* | 379 | 30,240 |
MannKind Corp.* | 9,001 | 39,154 |
Marinus Pharmaceuticals, Inc.* | 1,275 | 14,509 |
Mirum Pharmaceuticals, Inc.* | 100 | 1,992 |
Morphic Holding, Inc.* | 700 | 39,648 |
15
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Pharmaceuticals — (continued) | ||
Nature's Sunshine Products, Inc. | 200 | $2,930 |
Neoleukin Therapeutics, Inc.* | 1,100 | 7,953 |
NexImmune, Inc.* | 600 | 9,084 |
Ocugen, Inc.* | 6,100 | 43,798 |
Ocular Therapeutix, Inc.* | 2,100 | 21,000 |
Option Care Health, Inc.* | 4,802 | 116,497 |
Oramed Pharmaceuticals, Inc.* | 1,000 | 21,980 |
ORIC Pharmaceuticals, Inc.* | 1,000 | 20,910 |
Outlook Therapeutics, Inc.* | 3,600 | 7,812 |
Owens & Minor, Inc. | 2,376 | 74,345 |
Pacira BioSciences, Inc.* | 1,400 | 78,400 |
Paratek Pharmaceuticals, Inc.* | 1,100 | 5,346 |
Passage Bio, Inc.* | 1,600 | 15,936 |
PetIQ, Inc.* | 700 | 17,479 |
Phibro Animal Health Corp., Class A | 700 | 15,078 |
PMV Pharmaceuticals, Inc.* | 900 | 26,820 |
Prestige Consumer Healthcare, Inc.* | 1,572 | 88,205 |
Prometheus Biosciences, Inc.* | 500 | 11,855 |
Protagonist Therapeutics, Inc.* | 1,400 | 24,808 |
Reata Pharmaceuticals, Inc., Class A* | 884 | 88,939 |
Relmada Therapeutics, Inc.* | 500 | 13,105 |
Revance Therapeutics, Inc.* | 2,200 | 61,292 |
Rhythm Pharmaceuticals, Inc.* | 1,300 | 16,978 |
Senseonics Holdings, Inc.* | 13,700 | 46,443 |
Seres Therapeutics, Inc.* | 2,300 | 16,008 |
SIGA Technologies, Inc.* | 2,000 | 14,780 |
Spectrum Pharmaceuticals, Inc.* | 5,014 | 10,931 |
Spero Therapeutics, Inc.* | 860 | 15,833 |
Summit Therapeutics, Inc.* | 1,000 | 5,010 |
Supernus Pharmaceuticals, Inc.* | 1,500 | 40,005 |
Syros Pharmaceuticals, Inc.* | 1,400 | 6,258 |
TherapeuticsMD, Inc.* | 12,500 | 9,267 |
Tonix Pharmaceuticals Holding Corp.* | 12,100 | 7,273 |
Trevena, Inc.* | 6,200 | 7,626 |
USANA Health Sciences, Inc.* | 448 | 41,306 |
Vanda Pharmaceuticals, Inc.* | 1,941 | 33,269 |
Vaxcyte, Inc.* | 1,500 | 38,055 |
Verrica Pharmaceuticals, Inc.* | 600 | 7,500 |
Zogenix, Inc.* | 1,975 | 30,000 |
2,998,212 | ||
Pipelines — 0.2% | ||
Equitrans Midstream Corp. | 13,200 | 133,848 |
Golar LNG Ltd.* | 3,600 | 46,692 |
180,540 | ||
Real Estate — 0.8% | ||
Cushman & Wakefield PLC* | 4,500 | 83,745 |
eXp World Holdings, Inc. | 2,000 | 79,540 |
Fathom Holdings, Inc.* | 100 | 2,670 |
FRP Holdings, Inc.* | 169 | 9,450 |
Kennedy-Wilson Holdings, Inc. | 3,881 | 81,191 |
Legacy Housing Corp.* | 300 | 5,391 |
Marcus & Millichap, Inc.* | 700 | 28,434 |
McGrath RentCorp | 753 | 54,178 |
Newmark Group, Inc., Class A | 5,200 | 74,412 |
Number of Shares | Value† | |
Real Estate — (continued) | ||
Radius Global Infrastructure, Inc., Class A* | 2,000 | $32,660 |
Rafael Holdings, Inc., Class B* | 300 | 9,219 |
RE/MAX Holdings, Inc., Class A | 600 | 18,696 |
Realogy Holdings Corp.* | 4,000 | 70,160 |
Redfin Corp.* | 3,300 | 165,330 |
The RMR Group, Inc., Class A | 467 | 15,621 |
The St. Joe Co. | 1,000 | 42,100 |
772,797 | ||
Retail — 4.8% | ||
Abercrombie & Fitch Co., Class A* | 2,000 | 75,260 |
Academy Sports & Outdoors, Inc.* | 2,500 | 100,050 |
American Eagle Outfitters, Inc. | 4,900 | 126,420 |
America's Car-Mart, Inc.* | 180 | 21,020 |
Arko Corp.* | 3,900 | 39,390 |
Asbury Automotive Group, Inc.* | 616 | 121,192 |
Aspen Aerogels, Inc.* | 800 | 36,808 |
Barnes & Noble Education, Inc.* | 1,400 | 13,986 |
Bassett Furniture Industries, Inc. | 400 | 7,244 |
Beacon Roofing Supply, Inc.* | 1,781 | 85,061 |
Bed Bath & Beyond, Inc.* | 3,400 | 58,735 |
Big 5 Sporting Goods Corp. | 700 | 16,128 |
Big Lots, Inc. | 1,100 | 47,696 |
Biglari Holdings, Inc., Class B* | 40 | 6,872 |
BJ's Restaurants, Inc.* | 720 | 30,067 |
BJ's Wholesale Club Holdings, Inc.* | 4,400 | 241,648 |
Bloomin' Brands, Inc.* | 2,800 | 70,000 |
BlueLinx Holdings, Inc.* | 300 | 14,664 |
Boot Barn Holdings, Inc.* | 900 | 79,983 |
Brinker International, Inc.* | 1,500 | 73,575 |
Caleres, Inc. | 1,054 | 23,420 |
Cannae Holdings, Inc.* | 2,800 | 87,108 |
CarLotz, Inc.* | 1,700 | 6,477 |
Carrols Restaurant Group, Inc. | 1,113 | 4,074 |
Chico's FAS, Inc.* | 4,000 | 17,960 |
Chuy's Holdings, Inc.* | 600 | 18,918 |
Citi Trends, Inc.* | 303 | 22,107 |
Clean Energy Fuels Corp.* | 4,600 | 37,490 |
Conn's, Inc.* | 704 | 16,072 |
Cracker Barrel Old Country Store, Inc. | 759 | 106,139 |
Dave & Buster's Entertainment, Inc.* | 1,400 | 53,662 |
Del Taco Restaurants, Inc. | 1,100 | 9,603 |
Denny's Corp.* | 1,952 | 31,896 |
Designer Brands, Inc., Class A* | 1,900 | 26,467 |
Dillard's, Inc., Class A | 200 | 34,504 |
Dine Brands Global, Inc.* | 571 | 46,371 |
Duluth Holdings, Inc., Class B* | 200 | 2,726 |
El Pollo Loco Holdings, Inc.* | 600 | 10,140 |
Fiesta Restaurant Group, Inc.* | 413 | 4,527 |
FirstCash, Inc. | 1,339 | 117,163 |
Franchise Group, Inc. | 1,000 | 35,410 |
Genesco, Inc.* | 495 | 28,576 |
GMS, Inc.* | 1,400 | 61,320 |
Group 1 Automotive, Inc. | 568 | 106,716 |
16
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Retail — (continued) | ||
GrowGeneration Corp.* | 1,800 | $44,406 |
Guess?, Inc. | 1,200 | 25,212 |
Haverty Furniture Cos., Inc. | 550 | 18,541 |
Hibbett, Inc. | 555 | 39,261 |
Jack in the Box, Inc. | 714 | 69,494 |
JOANN, Inc. | 500 | 5,570 |
Kirkland's, Inc.* | 500 | 9,605 |
Kura Sushi USA, Inc., Class A* | 200 | 8,736 |
La-Z-Boy, Inc. | 1,562 | 50,343 |
Lazydays Holdings, Inc.* | 300 | 6,402 |
Lumber Liquidators Holdings, Inc.* | 833 | 15,560 |
Macy's, Inc. | 10,100 | 228,260 |
MarineMax, Inc.* | 700 | 33,964 |
MedAvail Holdings, Inc.* | 500 | 1,460 |
Movado Group, Inc. | 460 | 14,485 |
Murphy USA, Inc. | 781 | 130,630 |
National Vision Holdings, Inc.* | 2,600 | 147,602 |
Noodles & Co.* | 1,200 | 14,160 |
Nu Skin Enterprises, Inc., Class A | 1,600 | 64,752 |
OptimizeRx Corp.* | 500 | 42,775 |
Papa John's International, Inc. | 1,110 | 140,959 |
Party City Holdco, Inc.* | 3,700 | 26,270 |
PC Connection, Inc. | 365 | 16,071 |
PetMed Express, Inc. | 613 | 16,471 |
PriceSmart, Inc. | 731 | 56,689 |
Red Robin Gourmet Burgers, Inc.* | 420 | 9,685 |
Regis Corp.* | 732 | 2,547 |
Rite Aid Corp.* | 1,610 | 22,862 |
Rush Enterprises, Inc., Class A | 1,402 | 63,314 |
Rush Enterprises, Inc., Class B | 150 | 6,866 |
Ruth's Hospitality Group, Inc.* | 895 | 18,535 |
Sally Beauty Holdings, Inc.* | 3,600 | 60,660 |
Shake Shack, Inc., Class A* | 1,200 | 94,152 |
Shift Technologies, Inc.* | 2,200 | 15,268 |
Shoe Carnival, Inc. | 516 | 16,729 |
Signet Jewelers Ltd.* | 1,700 | 134,232 |
Sonic Automotive, Inc., Class A | 734 | 38,564 |
Sportsman's Warehouse Holdings, Inc.* | 1,300 | 22,880 |
Texas Roadhouse, Inc. | 2,270 | 207,319 |
The Buckle, Inc. | 1,049 | 41,530 |
The Cato Corp., Class A | 704 | 11,644 |
The Cheesecake Factory, Inc.* | 1,416 | 66,552 |
The Children's Place, Inc.* | 494 | 37,178 |
The Container Store Group, Inc.* | 1,200 | 11,424 |
The ODP Corp.* | 1,570 | 63,051 |
The ONE Group Hospitality, Inc.* | 800 | 8,552 |
Tilly's, Inc., Class A | 800 | 11,208 |
TravelCenters of America, Inc.* | 500 | 24,895 |
Vera Bradley, Inc.* | 800 | 7,528 |
Wingstop, Inc. | 964 | 158,029 |
Winmark Corp. | 106 | 22,793 |
World Fuel Services Corp. | 2,000 | 67,240 |
Zumiez, Inc.* | 603 | 23,975 |
4,671,535 |
Number of Shares | Value† | |
Savings & Loans — 1.0% | ||
Axos Financial, Inc.* | 1,800 | $92,772 |
Banc of California, Inc. | 1,300 | 24,037 |
Berkshire Hills Bancorp, Inc. | 1,642 | 44,301 |
Brookline Bancorp, Inc. | 2,522 | 38,486 |
Capitol Federal Financial, Inc. | 3,900 | 44,811 |
Flushing Financial Corp. | 838 | 18,939 |
FS Bancorp, Inc. | 200 | 6,922 |
Home Bancorp, Inc. | 300 | 11,604 |
HomeTrust Bancshares, Inc. | 500 | 13,990 |
Investors Bancorp, Inc. | 7,355 | 111,134 |
Meridian Bancorp, Inc. | 1,474 | 30,600 |
Northfield Bancorp, Inc. | 1,293 | 22,188 |
Northwest Bancshares, Inc. | 4,155 | 55,178 |
OceanFirst Financial Corp. | 1,910 | 40,893 |
Pacific Premier Bancorp, Inc. | 3,046 | 126,226 |
Provident Financial Services, Inc. | 2,474 | 58,065 |
Southern Missouri Bancorp, Inc. | 300 | 13,467 |
The Hingham Institution for Savings | 43 | 14,478 |
Washington Federal, Inc. | 2,200 | 75,482 |
Waterstone Financial, Inc. | 800 | 16,392 |
WSFS Financial Corp. | 1,606 | 82,404 |
942,369 | ||
Semiconductors — 2.8% | ||
Alpha & Omega Semiconductor Ltd.* | 600 | 18,822 |
Ambarella, Inc.* | 1,100 | 171,314 |
Amkor Technology, Inc. | 3,311 | 82,609 |
Atomera, Inc.* | 600 | 13,854 |
Axcelis Technologies, Inc.* | 1,025 | 48,206 |
AXT, Inc.* | 1,000 | 8,330 |
CEVA, Inc.* | 671 | 28,632 |
CMC Materials, Inc. | 954 | 117,561 |
Cohu, Inc.* | 1,524 | 48,677 |
CTS Corp. | 963 | 29,766 |
Diodes, Inc.* | 1,399 | 126,735 |
DSP Group, Inc.* | 800 | 17,528 |
EMCORE Corp.* | 1,300 | 9,724 |
FormFactor, Inc.* | 2,629 | 98,141 |
Impinj, Inc.* | 600 | 34,278 |
Kulicke & Soffa Industries, Inc. | 2,000 | 116,560 |
Lattice Semiconductor Corp.* | 4,424 | 286,012 |
MACOM Technology Solutions Holdings, Inc.* | 1,622 | 105,219 |
MaxLinear, Inc.* | 2,343 | 115,393 |
Onto Innovation, Inc.* | 1,547 | 111,771 |
Ouster, Inc.* | 1,100 | 8,052 |
Photronics, Inc.* | 2,092 | 28,514 |
Power Integrations, Inc. | 1,950 | 193,030 |
Rambus, Inc.* | 3,623 | 80,431 |
Semtech Corp.* | 2,109 | 164,439 |
Silicon Laboratories, Inc.* | 1,434 | 200,989 |
SiTime Corp.* | 400 | 81,668 |
SkyWater Technology, Inc.* | 300 | 8,160 |
SMART Global Holdings, Inc.* | 600 | 26,700 |
Synaptics, Inc.* | 1,116 | 200,579 |
17
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Semiconductors — (continued) | ||
Ultra Clean Holdings, Inc.* | 1,400 | $59,640 |
Veeco Instruments, Inc.* | 1,754 | 38,956 |
2,680,290 | ||
Software — 6.3% | ||
1Life Healthcare, Inc.* | 3,800 | 76,950 |
8X8, Inc.* | 3,700 | 86,543 |
ACI Worldwide, Inc.* | 3,827 | 117,604 |
Agilysys, Inc.* | 576 | 30,159 |
Alignment Healthcare, Inc.* | 900 | 14,382 |
Alkami Technology, Inc.* | 300 | 7,404 |
Allscripts Healthcare Solutions, Inc.* | 4,300 | 57,491 |
Altair Engineering, Inc., Class A* | 1,500 | 103,410 |
American Software, Inc., Class A | 893 | 21,209 |
Apollo Medical Holdings, Inc.* | 1,200 | 109,260 |
Appfolio, Inc., Class A* | 605 | 72,842 |
Appian Corp.* | 1,262 | 116,748 |
Asana, Inc., Class A* | 2,400 | 249,216 |
Avaya Holdings Corp.* | 2,500 | 49,475 |
Avid Technology, Inc.* | 1,100 | 31,812 |
Bandwidth, Inc., Class A* | 739 | 66,717 |
Benefitfocus, Inc.* | 900 | 9,990 |
BigCommerce Holdings, Inc.* | 1,500 | 75,960 |
Blackbaud, Inc.* | 1,550 | 109,042 |
Blackline, Inc.* | 1,700 | 200,702 |
BM Technologies, Inc.* | 150 | 1,335 |
Bottomline Technologies, Inc.* | 1,545 | 60,688 |
Box, Inc., Class A* | 4,600 | 108,882 |
Brightcove, Inc.* | 1,200 | 13,848 |
BTRS Holdings, Inc.* | 1,600 | 17,024 |
Cardlytics, Inc.* | 1,000 | 83,940 |
Castlight Health, Inc., Class B* | 4,700 | 7,379 |
Cerence, Inc.* | 1,200 | 115,332 |
Cloudera, Inc.* | 7,493 | 119,663 |
CommVault Systems, Inc.* | 1,448 | 109,049 |
Computer Programs and Systems, Inc.* | 447 | 15,851 |
Convey Holding Parent, Inc.* | 400 | 3,360 |
Cornerstone OnDemand, Inc.* | 2,100 | 120,246 |
CS Disco, Inc.* | 400 | 19,176 |
CSG Systems International, Inc. | 981 | 47,284 |
Daily Journal Corp.* | 41 | 13,135 |
DarioHealth Corp.* | 500 | 6,825 |
Digi International, Inc.* | 1,257 | 26,422 |
Digimarc Corp.* | 400 | 13,776 |
Digital Turbine Inc* | 2,900 | 199,375 |
DigitalOcean Holdings, Inc.* | 1,600 | 124,208 |
Domo, Inc., Class B* | 900 | 75,996 |
Donnelley Financial Solutions, Inc.* | 1,000 | 34,620 |
E2open Parent Holdings, Inc.* | 5,200 | 58,760 |
Ebix, Inc. | 936 | 25,206 |
eGain Corp.* | 500 | 5,100 |
Envestnet, Inc.* | 1,813 | 145,475 |
EverCommerce, Inc.* | 500 | 8,245 |
Evolent Health, Inc., Class A* | 2,400 | 74,400 |
Forian, Inc.* | 700 | 7,224 |
Number of Shares | Value† | |
Software — (continued) | ||
Genius Brands International, Inc.* | 9,900 | $13,464 |
GreenBox POS* | 700 | 5,803 |
GTY Technology Holdings, Inc.* | 1,200 | 9,024 |
Health Catalyst, Inc.* | 1,600 | 80,016 |
Inovalon Holdings, Inc., Class A* | 2,400 | 96,696 |
Inseego Corp.* | 2,800 | 18,648 |
Instructure Holdings, Inc.* | 400 | 9,036 |
Intapp, Inc.* | 300 | 7,728 |
Intelligent Systems Corp.* | 200 | 8,122 |
J2 Global, Inc.* | 1,403 | 191,678 |
JFrog Ltd.* | 1,700 | 56,950 |
Kaltura, Inc.* | 600 | 6,174 |
LivePerson, Inc.* | 2,125 | 125,269 |
ManTech International Corp., Class A | 939 | 71,289 |
MeridianLink, Inc.* | 400 | 8,944 |
MicroStrategy, Inc., Class A* | 253 | 146,335 |
Model N, Inc.* | 1,200 | 40,200 |
Momentive Global, Inc.* | 4,400 | 86,240 |
NantHealth, Inc.* | 1,200 | 1,932 |
NextGen Healthcare, Inc.* | 1,804 | 25,436 |
ON24, Inc.* | 900 | 17,946 |
Outbrain, Inc.* | 300 | 4,440 |
Outset Medical, Inc.* | 1,500 | 74,160 |
PagerDuty, Inc.* | 2,600 | 107,692 |
PDF Solutions, Inc.* | 1,000 | 23,040 |
Phreesia, Inc.* | 1,600 | 98,720 |
Porch Group, Inc.* | 2,500 | 44,200 |
PowerSchool Holdings, Inc., Class A* | 1,400 | 34,454 |
Privia Health Group, Inc.* | 700 | 16,492 |
Progress Software Corp. | 1,426 | 70,145 |
PROS Holdings, Inc.* | 1,217 | 43,179 |
QAD, Inc., Class A | 392 | 34,257 |
Rackspace Technology, Inc.* | 1,800 | 25,596 |
Sailpoint Technologies Holdings, Inc.* | 3,000 | 128,640 |
Sapiens International Corp. N.V. | 900 | 25,902 |
Schrodinger, Inc.* | 1,500 | 82,020 |
Simulations Plus, Inc. | 500 | 19,750 |
Smith Micro Software, Inc.* | 1,400 | 6,776 |
Sprout Social, Inc., Class A* | 1,500 | 182,925 |
SPS Commerce, Inc.* | 1,165 | 187,926 |
Sumo Logic, Inc.* | 2,700 | 43,524 |
Tabula Rasa HealthCare, Inc.* | 800 | 20,968 |
Upland Software, Inc.* | 900 | 30,096 |
Verint Systems, Inc.* | 2,195 | 98,314 |
Veritone, Inc.* | 1,100 | 26,279 |
Verra Mobility Corp.* | 4,300 | 64,801 |
Viant Technology, Inc., Class A* | 400 | 4,888 |
Workiva, Inc.* | 1,400 | 197,344 |
Xperi Holding Corp. | 3,653 | 68,823 |
Yext, Inc.* | 4,000 | 48,120 |
Zuora, Inc., Class A* | 3,500 | 58,030 |
6,167,171 | ||
Telecommunications — 1.3% | ||
A10 Networks, Inc.* | 1,900 | 25,612 |
18
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Telecommunications — (continued) | ||
ADTRAN, Inc. | 1,405 | $26,358 |
Anterix, Inc.* | 400 | 24,280 |
ATN International, Inc. | 398 | 18,646 |
Aviat Networks, Inc.* | 400 | 13,144 |
CalAmp Corp.* | 1,000 | 9,950 |
Calix, Inc.* | 1,793 | 88,628 |
Cambium Networks Corp.* | 200 | 7,238 |
Casa Systems, Inc.* | 1,200 | 8,136 |
Clearfield, Inc.* | 400 | 17,660 |
Consolidated Communications Holdings, Inc.* | 2,571 | 23,628 |
DZS, Inc.* | 600 | 7,356 |
EchoStar Corp., Class A* | 1,400 | 35,714 |
Extreme Networks, Inc.* | 3,647 | 35,923 |
Globalstar, Inc.* | 20,300 | 33,901 |
Gogo, Inc.* | 1,700 | 29,410 |
Harmonic, Inc.* | 2,870 | 25,113 |
IDT Corp., Class B* | 700 | 29,365 |
Infinera Corp.* | 5,794 | 48,206 |
INNOVATE Corp.* | 1,083 | 4,440 |
InterDigital, Inc. | 994 | 67,413 |
Iridium Communications, Inc.* | 3,800 | 151,430 |
KVH Industries, Inc.* | 354 | 3,409 |
Loral Space & Communications, Inc. | 446 | 19,182 |
Maxar Technologies, Inc. | 2,300 | 65,136 |
NeoPhotonics Corp.* | 1,300 | 11,323 |
NETGEAR, Inc.* | 929 | 29,644 |
Ooma, Inc.* | 700 | 13,027 |
Plantronics, Inc.* | 1,367 | 35,146 |
Preformed Line Products Co. | 45 | 2,927 |
Ribbon Communications, Inc.* | 1,843 | 11,021 |
Shenandoah Telecommunications Co. | 1,518 | 47,938 |
Telephone and Data Systems, Inc. | 3,300 | 64,350 |
United States Cellular Corp.* | 500 | 15,945 |
Viavi Solutions, Inc.* | 7,300 | 114,902 |
Vonage Holdings Corp.* | 7,900 | 127,348 |
1,292,849 | ||
Textiles — 0.1% | ||
UniFirst Corp. | 481 | 102,270 |
Toys, Games & Hobbies — 0.0% | ||
Funko, Inc., Class A* | 900 | 16,389 |
Transportation — 1.3% | ||
Air Transport Services Group, Inc.* | 1,785 | 46,071 |
ArcBest Corp. | 795 | 65,007 |
Atlas Air Worldwide Holdings, Inc.* | 948 | 77,433 |
Costamare, Inc. | 2,000 | 30,980 |
Covenant Logistics Group, Inc.* | 400 | 11,060 |
CryoPort, Inc.* | 1,300 | 86,463 |
Daseke, Inc.* | 1,800 | 16,578 |
DHT Holdings, Inc. | 4,900 | 31,997 |
Dorian LPG Ltd. | 1,032 | 12,807 |
Eagle Bulk Shipping, Inc.* | 214 | 10,790 |
Echo Global Logistics, Inc.* | 800 | 38,168 |
Number of Shares | Value† | |
Transportation — (continued) | ||
Forward Air Corp. | 896 | $74,386 |
Frontline Ltd.* | 3,500 | 32,795 |
Genco Shipping & Trading Ltd. | 1,100 | 22,143 |
Heartland Express, Inc. | 1,567 | 25,103 |
Hub Group, Inc., Class A* | 1,043 | 71,706 |
Ideanomics, Inc.* | 13,600 | 26,792 |
International Seaways, Inc. | 1,331 | 24,251 |
Marten Transport Ltd. | 2,126 | 33,357 |
Matson, Inc. | 1,400 | 112,994 |
Nordic American Tankers Ltd. | 4,767 | 12,203 |
PAM Transportation Services, Inc.* | 200 | 8,996 |
Radiant Logistics, Inc.* | 1,000 | 6,390 |
Safe Bulkers, Inc.* | 2,600 | 13,442 |
Saia, Inc.* | 857 | 203,992 |
Scorpio Tankers, Inc. | 1,440 | 26,698 |
SFL Corp., Ltd. | 3,484 | 29,196 |
Teekay Corp.* | 2,700 | 9,882 |
Teekay Tankers Ltd., Class A* | 900 | 13,077 |
Universal Logistics Holdings, Inc. | 300 | 6,024 |
US Xpress Enterprises, Inc., Class A* | 400 | 3,452 |
Werner Enterprises, Inc. | 2,052 | 90,842 |
Yellow Corp.* | 1,900 | 10,735 |
1,285,810 | ||
Trucking and Leasing — 0.2% | ||
GATX Corp. | 1,200 | 107,472 |
The Greenbrier Cos., Inc. | 1,147 | 49,310 |
Willis Lease Finance Corp.* | 100 | 3,719 |
160,501 | ||
Water — 0.4% | ||
American States Water Co. | 1,179 | 100,828 |
Artesian Resources Corp., Class A | 313 | 11,947 |
California Water Service Group | 1,666 | 98,177 |
Global Water Resources, Inc. | 500 | 9,360 |
Middlesex Water Co. | 531 | 54,576 |
SJW Group | 911 | 60,181 |
The York Water Co. | 397 | 17,341 |
352,410 | ||
TOTAL COMMON STOCKS (Cost $71,366,382) | 87,785,107 | |
REAL ESTATE INVESTMENT TRUSTS — 7.2% | ||
Apartments — 0.2% | ||
Apartment Investment and Management Co., Class A | 5,000 | 34,250 |
BRT Apartments Corp. | 200 | 3,856 |
Centerspace | 461 | 43,565 |
Independence Realty Trust, Inc. | 3,592 | 73,097 |
NexPoint Residential Trust, Inc. | 700 | 43,316 |
198,084 | ||
Building & Real Estate — 0.2% | ||
Agree Realty Corp. | 2,196 | 145,441 |
19
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
REAL ESTATE INVESTMENT TRUSTS — (continued) | ||
Building & Real Estate — (continued) | ||
Getty Realty Corp. | 1,169 | $34,263 |
179,704 | ||
Diversified — 1.4% | ||
Alexander & Baldwin, Inc. | 2,256 | 52,881 |
American Finance Trust, Inc. | 3,400 | 27,336 |
Armada Hoffler Properties, Inc. | 1,700 | 22,729 |
Broadstone Net Lease, Inc. | 5,000 | 124,050 |
CatchMark Timber Trust, Inc., Class A | 1,400 | 16,618 |
Clipper Realty, Inc. | 600 | 4,860 |
CorePoint Lodging, Inc.* | 1,550 | 24,025 |
DigitalBridge Group, Inc.* | 15,300 | 92,259 |
Farmland Partners, Inc. | 900 | 10,791 |
Four Corners Property Trust, Inc. | 2,500 | 67,150 |
Gladstone Commercial Corp. | 1,052 | 22,124 |
Gladstone Land Corp. | 700 | 15,939 |
Global Net Lease, Inc. | 3,133 | 50,191 |
iStar, Inc. | 2,218 | 55,627 |
Lexington Realty Trust | 8,815 | 112,391 |
One Liberty Properties, Inc. | 510 | 15,550 |
Outfront Media, Inc. | 4,700 | 118,440 |
Postal Realty Trust, Inc., Class A | 500 | 9,320 |
PotlatchDeltic Corp. | 2,137 | 110,226 |
Preferred Apartment Communities, Inc., Class A | 1,400 | 17,122 |
PS Business Parks, Inc. | 640 | 100,314 |
Safehold, Inc. | 600 | 43,134 |
The GEO Group, Inc. | 3,752 | 28,027 |
UMH Properties, Inc. | 1,468 | 33,617 |
Uniti Group, Inc. | 6,700 | 82,879 |
Washington Real Estate Investment Trust | 2,906 | 71,924 |
1,329,524 | ||
Diversified Financial Services — 0.1% | ||
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 2,500 | 133,700 |
Healthcare — 0.7% | ||
CareTrust REIT, Inc. | 2,995 | 60,858 |
Community Healthcare Trust, Inc. | 700 | 31,633 |
Diversified Healthcare Trust | 8,600 | 29,154 |
Global Medical REIT, Inc. | 1,900 | 27,930 |
Healthcare Realty Trust, Inc. | 4,772 | 142,110 |
LTC Properties, Inc. | 1,217 | 38,567 |
National Health Investors, Inc. | 1,457 | 77,950 |
Physicians Realty Trust | 7,000 | 123,340 |
Sabra Health Care REIT, Inc. | 7,393 | 108,825 |
Universal Health Realty Income Trust | 420 | 23,213 |
663,580 | ||
Hotels & Resorts — 0.8% | ||
Apple Hospitality REIT, Inc. | 6,800 | 106,964 |
Ashford Hospitality Trust, Inc.* | 390 | 5,741 |
Braemar Hotels & Resorts, Inc.* | 1,700 | 8,245 |
Chatham Lodging Trust* | 1,500 | 18,375 |
DiamondRock Hospitality Co.* | 7,023 | 66,367 |
Number of Shares | Value† | |
Hotels & Resorts — (continued) | ||
Hersha Hospitality Trust* | 1,117 | $10,422 |
Pebblebrook Hotel Trust | 4,193 | 93,965 |
RLJ Lodging Trust | 5,680 | 84,405 |
Ryman Hospitality Properties, Inc.* | 1,712 | 143,294 |
Service Properties Trust | 5,000 | 56,050 |
Summit Hotel Properties, Inc.* | 3,400 | 32,742 |
Sunstone Hotel Investors, Inc.* | 7,447 | 88,917 |
Xenia Hotels & Resorts, Inc.* | 3,700 | 65,638 |
781,125 | ||
Industrial — 0.5% | ||
EastGroup Properties, Inc. | 1,284 | 213,953 |
Indus Realty Trust, Inc. | 101 | 7,080 |
Monmouth Real Estate Investment Corp. | 3,349 | 62,459 |
STAG lndustrial, Inc. | 5,400 | 211,950 |
495,442 | ||
Mortgage Banks — 1.1% | ||
Apollo Commercial Real Estate Finance, Inc. | 4,856 | 72,014 |
Arbor Realty Trust, Inc. | 4,100 | 75,973 |
Ares Commercial Real Estate Corp. | 1,500 | 22,620 |
ARMOUR Residential REIT, Inc. | 2,275 | 24,525 |
Blackstone Mortgage Trust, Inc., Class A | 4,700 | 142,504 |
BrightSpire Capital, Inc. | 2,700 | 25,353 |
Broadmark Realty Capital, Inc. | 3,900 | 38,454 |
Capstead Mortgage Corp. | 2,775 | 18,565 |
Chimera Investment Corp. | 7,400 | 109,890 |
Dynex Capital, Inc. | 769 | 13,288 |
Ellington Financial, Inc. | 1,200 | 21,948 |
Granite Point Mortgage Trust, Inc. | 1,700 | 22,389 |
Great Ajax Corp. | 622 | 8,391 |
Invesco Mortgage Capital, Inc. | 8,325 | 26,224 |
KKR Real Estate Finance Trust, Inc. | 900 | 18,990 |
Ladder Capital Corp. | 3,376 | 37,305 |
MFA Financial, Inc. | 14,300 | 65,351 |
New York Mortgage Trust, Inc. | 13,400 | 57,084 |
Orchid Island Capital, Inc. | 3,200 | 15,648 |
PennyMac Mortgage Investment Trust | 3,392 | 66,788 |
Ready Capital Corp. | 1,782 | 25,714 |
Redwood Trust, Inc. | 3,577 | 46,108 |
TPG RE Finance Trust, Inc. | 1,700 | 21,046 |
Two Harbors Investment Corp. | 10,200 | 64,668 |
1,040,840 | ||
Office Property — 0.8% | ||
American Assets Trust, Inc. | 1,700 | 63,614 |
Brandywine Realty Trust | 5,500 | 73,810 |
City Office REIT, Inc. | 1,400 | 25,004 |
Columbia Property Trust, Inc. | 3,700 | 70,374 |
Corporate Office Properties Trust | 3,700 | 99,826 |
Easterly Government Properties, Inc. | 2,700 | 55,782 |
Empire State Realty Trust, Inc., Class A | 4,700 | 47,141 |
Equity Commonwealth* | 3,800 | 98,724 |
20
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
REAL ESTATE INVESTMENT TRUSTS — (continued) | ||
Office Property — (continued) | ||
Franklin Street Properties Corp. | 3,145 | $14,593 |
Mack-Cali Realty Corp.* | 3,100 | 53,072 |
Office Properties Income Trust | 1,669 | 42,276 |
Paramount Group, Inc. | 6,100 | 54,839 |
Piedmont Office Realty Trust, Inc., Class A | 3,900 | 67,977 |
767,032 | ||
Real Estate — 0.1% | ||
Angel Oak Mortgage, Inc. | 200 | 3,386 |
Essential Properties Realty Trust, Inc. | 3,800 | 106,096 |
109,482 | ||
Regional Malls — 0.2% | ||
Tanger Factory Outlet Centers, Inc. | 3,200 | 52,160 |
The Macerich Co. | 6,900 | 115,299 |
167,459 | ||
Single Tenant — 0.0% | ||
CTO Realty Growth, Inc. | 153 | 8,225 |
Storage & Warehousing — 0.5% | ||
Industrial Logistics Properties Trust | 2,258 | 57,376 |
Innovative Industrial Properties, Inc. | 765 | 176,845 |
National Storage Affiliates Trust | 2,700 | 142,533 |
Plymouth Industrial REIT, Inc. | 1,000 | 22,750 |
Terreno Realty Corp. | 2,275 | 143,848 |
543,352 | ||
Strip Centers — 0.6% | ||
Acadia Realty Trust | 3,020 | 61,638 |
Alexander's, Inc. | 69 | 17,983 |
Kite Realty Group Trust | 2,551 | 51,938 |
NETSTREIT Corp. | 1,300 | 30,745 |
Phillips Edison & Co., Inc. | 600 | 18,426 |
Retail Opportunity Investments Corp. | 4,100 | 71,422 |
Retail Properties of America, Inc., Class A | 6,900 | 88,872 |
Retail Value, Inc. | 551 | 14,508 |
RPT Realty | 2,641 | 33,699 |
Saul Centers, Inc. | 351 | 15,465 |
Seritage Growth Properties, Class A* | 1,100 | 16,313 |
SITE Centers Corp. | 5,600 | 86,464 |
Urban Edge Properties | 3,600 | 65,916 |
Urstadt Biddle Properties, Inc., Class A | 916 | 17,340 |
Whitestone REIT | 1,400 | 13,692 |
604,421 | ||
Transport-Services — 0.0% | ||
AFC Gamma, Inc. | 300 | 6,474 |
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $6,524,385) | 7,028,444 | |
RIGHTS — 0.0% | ||
Aduro Biotech CVR* | 560 | 73 |
Chelsea Therapeutics International Ltd. CVR* | 1,600 | 0 |
Number of Shares | Value† | |
Cubist Pharmaceuticals, Inc.* | 1,200 | $0 |
Durata Therapeutics CVR Shares* | 500 | 0 |
Media General CVR* | 4,400 | 440 |
Newstar Financial, Inc. CVR* | 1,300 | 111 |
Progenic Pharmaceuticals CVR* | 2,601 | 111 |
Tobira Therapeutic, Inc. CVR* | 400 | 5,668 |
TOTAL RIGHTS (Cost $263) | 6,403 | |
WARRANTS — 0.0% | ||
Whiting Petroleum Corp., Class A Expiration Date 12/31/25* | 204 | 1,459 |
Whiting Petroleum Corp., Class B Expiration Date 12/31/25* | 102 | 736 |
Nabors Industries Ltd. Expiration Date 06/11/26* | 87 | 508 |
TOTAL WARRANTS (Cost $3,666) | 2,703 |
SHORT-TERM INVESTMENTS — 1.6% | ||
BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 0.030%) (Cost $1,534,729) | 1,534,729 | 1,534,729 |
TOTAL INVESTMENTS — 99.2% (Cost $79,429,425) | $96,357,386 | |
Other Assets & Liabilities — 0.8% | 755,844 | |
TOTAL NET ASSETS — 100.0% | $97,113,230 |
† | See Security Valuation Note in the most recent semi-annual or annual report. |
* | Non-income producing security. |
(1) | The value of this security was determined using significant unobservable inputs. |
CVR— Contingent Valued Rights. |
N.V.— Naamloze Vennootschap. |
PLC— Public Limited Company. |
REIT— Real Estate Investment Trust. |
S.A.— Societe Anonyme. |
S.E.— Societas Europaea. |
COMMON STOCKS INDUSTRY DIVERSIFICATION | % of Market Value | Value† |
Advertising | 0.1% | $127,350 |
Aerospace & Defense | 0.6% | 548,051 |
Agriculture | 0.3% | 250,848 |
Airlines | 0.4% | 342,919 |
Apparel | 0.9% | 745,509 |
Auto Manufacturers | 0.4% | 341,460 |
Auto Parts & Equipment | 1.5% | 1,289,252 |
21
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2021 (Unaudited)
Small Cap Index Fund
COMMON STOCKS INDUSTRY DIVERSIFICATION | % of Market Value | Value† |
Banks | 8.7% | $7,662,092 |
Beverages | 0.4% | 388,925 |
Biotechnology | 9.5% | 8,340,048 |
Building Materials | 1.3% | 1,146,218 |
Chemicals | 1.8% | 1,579,243 |
Coal | 0.2% | 169,734 |
Commercial Services | 5.1% | 4,504,147 |
Computers | 2.4% | 2,146,566 |
Cosmetics & Personal Care | 0.3% | 233,824 |
Distribution & Wholesale | 0.8% | 697,381 |
Diversified Financial Services | 2.5% | 2,194,145 |
Electric | 1.5% | 1,299,213 |
Electrical Components & Equipment | 0.7% | 634,047 |
Electronics | 1.9% | 1,632,075 |
Energy-Alternate Sources | 0.7% | 634,709 |
Engineering & Construction | 1.6% | 1,405,664 |
Entertainment | 2.0% | 1,791,400 |
Environmental Control | 0.8% | 683,553 |
Food | 1.6% | 1,428,091 |
Food Service | 0.1% | 64,474 |
Forest Products & Paper | 0.2% | 212,781 |
Gas | 0.7% | 602,109 |
Hand & Machine Tools | 0.3% | 229,430 |
Healthcare Products | 4.4% | 3,836,934 |
Healthcare Services | 2.4% | 2,127,006 |
Home Builders | 1.4% | 1,203,195 |
Home Furnishings | 0.6% | 547,559 |
Household Products & Wares | 0.5% | 397,440 |
Housewares | 0.1% | 45,292 |
Insurance | 2.4% | 2,112,799 |
Internet | 2.6% | 2,270,734 |
COMMON STOCKS INDUSTRY DIVERSIFICATION | % of Market Value | Value† | |
Investment Companies | 0.0% | $6,903 | |
Iron & Steel | 0.3% | 273,853 | |
Leisure Time | 0.5% | 470,233 | |
Lodging | 0.2% | 188,808 | |
Machinery — Construction & Mining | 0.3% | 289,734 | |
Machinery — Diversified | 1.9% | 1,657,219 | |
Media | 0.9% | 795,615 | |
Metal Fabricate/Hardware | 1.0% | 904,807 | |
Mining | 0.9% | 821,504 | |
Miscellaneous Manufacturing | 1.3% | 1,103,130 | |
Office & Business Equipment | 0.0% | 37,492 | |
Office Furnishings | 0.1% | 126,833 | |
Oil & Gas | 3.2% | 2,773,958 | |
Oil & Gas Services | 0.7% | 600,660 | |
Packaging and Containers | 0.3% | 244,998 | |
Pharmaceuticals | 3.4% | 2,998,212 | |
Pipelines | 0.2% | 180,540 | |
Real Estate | 0.9% | 772,797 | |
Retail | 5.3% | 4,671,535 | |
Savings & Loans | 1.1% | 942,369 | |
Semiconductors | 3.1% | 2,680,290 | |
Software | 7.0% | 6,167,171 | |
Telecommunications | 1.5% | 1,292,849 | |
Textiles | 0.1% | 102,270 | |
Toys, Games & Hobbies | 0.0% | 16,389 | |
Transportation | 1.5% | 1,285,810 | |
Trucking and Leasing | 0.2% | 160,501 | |
Water | 0.4% | 352,410 | |
100.0% | $87,785,107 |
Futures contracts held by the Fund at September 30, 2021 are as follows:
Futures Contracts: Exchange Traded | ||||||||||||||||
Type | Futures Contract | Expiration Date | Numbers of Contracts | Units per Contract | Closing Price | Notional Value | Unrealized Appreciation | Unrealized Depreciation | ||||||||
Long | Russell 2000 Mini Index | 12/17/2021 | 16 | 50 | $2,201 | $1,760,640 | $— | $(36,037) | ||||||||
$— | $(36,037) |
22