Penn Series Funds, Inc.
Schedule of Investments — September 30, 2022 (Unaudited)
Moderately Conservative Allocation Fund
Number of Shares | Value† | |
AFFILIATED EQUITY FUNDS — 31.6% | ||
Penn Series Flexibly Managed Fund* | 81,281 | $6,175,759 |
Penn Series Index 500 Fund* | 192,063 | 6,051,919 |
Penn Series Large Cap Growth Fund* | 26,506 | 752,769 |
Penn Series Large Cap Value Fund* | 107,410 | 3,833,450 |
Penn Series Large Core Value Fund* | 120,947 | 3,036,988 |
Penn Series Mid Core Value Fund* | 77,691 | 2,271,668 |
Penn Series Real Estate Securities Fund* | 54,865 | 1,485,741 |
Penn Series Small Cap Index Fund* | 29,299 | 750,354 |
Penn Series SMID Cap Value Fund* | 25,007 | 750,709 |
TOTAL AFFILIATED EQUITY FUNDS (Cost $22,280,190) | 25,109,357 | |
AFFILIATED FIXED INCOME FUNDS — 57.9% | ||
Penn Series High Yield Bond Fund* | 263,045 | 3,993,017 |
Penn Series Limited Maturity Bond Fund* | 1,603,342 | 20,362,439 |
Penn Series Quality Bond Fund* | 1,473,207 | 21,611,952 |
TOTAL AFFILIATED FIXED INCOME FUNDS (Cost $47,658,670) | 45,967,408 | |
AFFILIATED INTERNATIONAL EQUITY FUNDS — 9.6% | ||
Penn Series Developed International Index Fund* | 179,245 | 2,267,446 |
Penn Series Emerging Markets Equity Fund* | 148,245 | 1,537,302 |
Penn Series International Equity Fund* | 125,265 | 3,836,878 |
TOTAL AFFILIATED INTERNATIONAL EQUITY FUNDS (Cost $8,468,384) | 7,641,626 | |
SHORT-TERM INVESTMENTS — 0.9% | ||
BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 2.760%) (Cost $732,873) | 732,873 | 732,873 |
TOTAL INVESTMENTS — 100.0% (Cost $79,140,117) | $79,451,264 | |
Other Assets & Liabilities — (0.0)% | (24,994) | |
TOTAL NET ASSETS — 100.0% | $79,426,270 |
† | See Security Valuation Note in the most recent semi-annual or annual report. |
* | Non-income producing security. |
1