Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — 92.6% | ||
Advertising — 0.1% | ||
Advantage Solutions, Inc.* | 2,600 | $7,384 |
Boston Omaha Corp., Class A* | 700 | 11,473 |
Clear Channel Outdoor Holdings, Inc.* | 12,200 | 19,276 |
Stagwell, Inc.* | 2,700 | 12,663 |
50,796 | ||
Aerospace & Defense — 0.9% | ||
AAR Corp.* | 1,169 | 69,591 |
AeroVironment, Inc.* | 918 | 102,385 |
AerSale Corp.* | 1,000 | 14,940 |
Archer Aviation, Inc., Class A* | 5,000 | 25,300 |
Astronics Corp.* | 795 | 12,609 |
Barnes Group, Inc. | 1,665 | 56,560 |
Ducommun, Inc.* | 400 | 17,404 |
Eve Holding, Inc.* | 700 | 5,803 |
Joby Aviation, Inc.* | 9,500 | 61,275 |
Kaman Corp. | 948 | 18,628 |
Kratos Defense & Security Solutions, Inc.* | 4,322 | 64,916 |
Leonardo DRS, Inc.* | 1,800 | 30,060 |
Moog, Inc., Class A | 991 | 111,943 |
National Presto Industries, Inc. | 148 | 10,724 |
Rocket Lab USA, Inc.* | 9,000 | 39,420 |
Triumph Group, Inc.* | 2,200 | 16,852 |
658,410 | ||
Agriculture — 0.3% | ||
Alico, Inc. | 200 | 4,992 |
Benson Hill, Inc.* | 5,600 | 1,856 |
Dole PLC | 2,300 | 26,634 |
Fresh Del Monte Produce, Inc. | 1,116 | 28,837 |
Limoneira Co. | 700 | 10,724 |
Tejon Ranch Co.* | 825 | 13,382 |
The Andersons, Inc. | 1,132 | 58,309 |
Turning Point Brands, Inc. | 500 | 11,545 |
Universal Corp. | 855 | 40,365 |
Vector Group Ltd. | 4,857 | 51,679 |
Vital Farms, Inc.* | 1,200 | 13,896 |
262,219 | ||
Airlines — 0.3% | ||
Allegiant Travel Co. | 524 | 40,275 |
Frontier Group Holdings, Inc.* | 1,200 | 5,808 |
Hawaiian Holdings, Inc.* | 1,626 | 10,292 |
JetBlue Airways Corp.* | 11,000 | 50,600 |
SkyWest, Inc.* | 1,481 | 62,113 |
Spirit Airlines, Inc. | 3,800 | 62,700 |
Sun Country Airlines Holdings, Inc.* | 1,200 | 17,808 |
249,596 | ||
Apparel — 0.5% | ||
Fossil Group, Inc.* | 1,700 | 3,502 |
Hanesbrands, Inc. | 11,700 | 46,332 |
Kontoor Brands, Inc. | 1,900 | 83,429 |
Oxford Industries, Inc. | 508 | 48,834 |
Rocky Brands, Inc. | 200 | 2,940 |
Steven Madden Ltd. | 2,473 | 78,567 |
Number of Shares | Value† | |
Apparel — (continued) | ||
Torrid Holdings, Inc.* | 400 | $884 |
Urban Outfitters, Inc.* | 2,200 | 71,918 |
Weyco Group, Inc. | 200 | 5,070 |
Wolverine World Wide, Inc. | 2,782 | 22,423 |
363,899 | ||
Auto Manufacturers — 0.2% | ||
Blue Bird Corp.* | 692 | 14,774 |
Fisker, Inc.* | 6,400 | 41,088 |
Hyliion Holdings Corp.* | 5,500 | 6,490 |
Nikola Corp.* | 18,900 | 29,673 |
REV Group, Inc. | 1,000 | 16,000 |
TuSimple Holdings, Inc., Class A* | 4,600 | 7,176 |
Wabash National Corp. | 1,600 | 33,792 |
Workhorse Group, Inc.* | 5,500 | 2,279 |
151,272 | ||
Auto Parts & Equipment — 1.4% | ||
Adient PLC* | 3,300 | 121,110 |
Aeva Technologies, Inc.* | 3,400 | 2,601 |
American Axle & Manufacturing Holdings, Inc.* | 4,016 | 29,156 |
Aurora Innovation, Inc.* | 11,900 | 27,965 |
Commercial Vehicle Group, Inc.* | 1,200 | 9,312 |
Cooper-Standard Holdings, Inc.* | 700 | 9,394 |
Dana, Inc. | 4,596 | 67,423 |
Dorman Products, Inc.* | 906 | 68,639 |
Douglas Dynamics, Inc. | 800 | 24,144 |
Fox Factory Holding Corp.* | 1,429 | 141,585 |
Gentherm, Inc.* | 1,168 | 63,376 |
Holley, Inc.* | 1,700 | 8,483 |
indie Semiconductor, Inc., Class A* | 4,400 | 27,720 |
Luminar Technologies, Inc.* | 9,100 | 41,405 |
Methode Electronics, Inc. | 1,260 | 28,791 |
Microvast Holdings, Inc.* | 3,100 | 5,859 |
Miller Industries, Inc. | 343 | 13,449 |
SES AI Corp.* | 4,800 | 10,896 |
Solid Power, Inc.* | 4,500 | 9,090 |
Standard Motor Products, Inc. | 700 | 23,534 |
The Goodyear Tire & Rubber Co.* | 9,395 | 116,780 |
The Shyft Group, Inc. | 1,200 | 17,964 |
Titan International, Inc.* | 1,800 | 24,174 |
Visteon Corp.* | 1,000 | 138,070 |
XPEL, Inc.* | 800 | 61,688 |
1,092,608 | ||
Banks — 7.8% | ||
1st Source Corp. | 588 | 24,749 |
ACNB Corp. | 300 | 9,483 |
Alerus Financial Corp. | 600 | 10,908 |
Amalgamated Financial Corp. | 600 | 10,332 |
Amerant Bancorp, Inc. | 900 | 15,696 |
American National Bankshares, Inc. | 400 | 15,176 |
Ameris Bancorp | 2,312 | 88,758 |
Ames National Corp. | 300 | 4,977 |
Arrow Financial Corp. | 475 | 8,085 |
1
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Banks — (continued) | ||
Associated Banc-Corp. | 5,200 | $88,972 |
Atlantic Union Bankshares Corp. | 2,607 | 75,029 |
BancFirst Corp. | 720 | 62,446 |
Bank First Corp. | 300 | 23,145 |
Bank of Hawaii Corp. | 1,300 | 64,597 |
Bank of Marin Bancorp | 480 | 8,774 |
Bank7 Corp. | 200 | 4,502 |
BankUnited, Inc. | 2,500 | 56,750 |
Bankwell Financial Group, Inc. | 200 | 4,854 |
Banner Corp. | 1,200 | 50,856 |
Bar Harbor Bankshares | 597 | 14,107 |
BayCom Corp. | 400 | 7,684 |
BCB Bancorp, Inc. | 500 | 5,570 |
Blue Foundry Bancorp* | 900 | 7,533 |
Blue Ridge Bankshares, Inc. | 700 | 3,164 |
Bridgewater Bancshares Inc.* | 700 | 6,636 |
Burke & Herbert Financial Services Corp. | 200 | 9,293 |
Business First Bancshares, Inc. | 800 | 15,008 |
Byline Bancorp, Inc. | 900 | 17,739 |
C&F Financial Corp. | 100 | 5,360 |
Cadence Bank | 6,083 | 129,081 |
Cambridge Bancorp | 200 | 12,458 |
Camden National Corp. | 539 | 15,211 |
Capital Bancorp, Inc. | 200 | 3,826 |
Capital City Bank Group, Inc. | 469 | 13,990 |
Capstar Financial Holdings, Inc. | 600 | 8,514 |
Carter Bankshares, Inc.* | 800 | 10,024 |
Cathay General Bancorp | 2,350 | 81,686 |
Central Pacific Financial Corp. | 900 | 15,012 |
Central Valley Community Bancorp | 400 | 5,644 |
Chemung Financial Corp. | 100 | 3,961 |
ChoiceOne Financial Services, Inc. | 300 | 5,892 |
Citizens & Northern Corp. | 556 | 9,758 |
Citizens Financial Services, Inc. | 100 | 4,792 |
City Holding Co. | 500 | 45,175 |
Civista Bancshares, Inc. | 600 | 9,300 |
CNB Financial Corp. | 774 | 14,017 |
Coastal Financial Corp.* | 400 | 17,164 |
Codorus Valley Bancorp, Inc. | 400 | 7,456 |
Colony Bankcorp, Inc. | 500 | 4,998 |
Community Bank System, Inc. | 1,737 | 73,319 |
Community Trust Bancorp, Inc. | 583 | 19,974 |
ConnectOne Bancorp, Inc. | 1,360 | 24,249 |
CrossFirst Bankshares, Inc.* | 1,500 | 15,135 |
Customers Bancorp, Inc.* | 980 | 33,761 |
CVB Financial Corp. | 4,592 | 76,089 |
Dime Community Bancshares, Inc. | 1,109 | 22,136 |
Eagle Bancorp, Inc. | 1,073 | 23,016 |
Eastern Bankshares, Inc. | 5,200 | 65,208 |
Enterprise Bancorp, Inc. | 313 | 8,570 |
Enterprise Financial Services Corp. | 1,280 | 48,000 |
Equity Bancshares, Inc., Class A | 500 | 12,035 |
Esquire Financial Holdings, Inc. | 200 | 9,138 |
Evans Bancorp, Inc. | 200 | 5,360 |
Number of Shares | Value† | |
Banks — (continued) | ||
Farmers & Merchants Bancorp, Inc. | 400 | $7,012 |
Farmers National Banc Corp. | 1,100 | 12,716 |
FB Financial Corp. | 1,086 | 30,799 |
Fidelity D&D Bancorp, Inc. | 200 | 9,080 |
Financial Institutions, Inc. | 440 | 7,405 |
First Bancorp | 1,324 | 37,257 |
First Bancorp | 5,900 | 79,414 |
First Bank | 400 | 4,312 |
First Busey Corp. | 1,713 | 32,924 |
First Business Financial Services, Inc. | 300 | 9,003 |
First Commonwealth Financial Corp. | 3,421 | 41,770 |
First Community Bankshares, Inc. | 626 | 18,436 |
First Community Corp. | 300 | 5,181 |
First Financial Bancorp | 3,282 | 64,327 |
First Financial Bankshares, Inc. | 4,404 | 110,628 |
First Financial Corp. | 380 | 12,848 |
First Foundation, Inc. | 1,800 | 10,944 |
First Interstate BancSystem, Inc., Class A | 2,787 | 69,508 |
First Merchants Corp. | 2,030 | 56,475 |
First Mid Bancshares, Inc. | 700 | 18,592 |
Five Star Bancorp | 500 | 10,030 |
Fulton Financial Corp. | 5,403 | 65,430 |
FVCBankcorp, Inc.* | 500 | 6,405 |
German American Bancorp, Inc. | 838 | 22,701 |
Glacier Bancorp, Inc. | 3,699 | 105,421 |
Great Southern Bancorp, Inc. | 271 | 12,986 |
Guaranty Bancshares, Inc. | 330 | 9,468 |
Hancock Whitney Corp. | 2,978 | 110,156 |
Hanmi Financial Corp. | 1,113 | 18,064 |
HarborOne Bancorp, Inc. | 1,577 | 15,013 |
HBT Financial, Inc. | 400 | 7,296 |
Heartland Financial USA, Inc. | 1,417 | 41,702 |
Heritage Commerce Corp. | 1,900 | 16,093 |
Heritage Financial Corp. | 1,230 | 20,061 |
Hilltop Holdings, Inc. | 1,542 | 43,731 |
Home BancShares, Inc. | 6,435 | 134,749 |
HomeStreet, Inc. | 600 | 4,674 |
Hope Bancorp, Inc. | 4,067 | 35,993 |
Horizon Bancorp, Inc. | 1,350 | 14,418 |
Independent Bank Corp. | 1,460 | 71,671 |
Independent Bank Corp. | 800 | 14,672 |
Independent Bank Group, Inc. | 1,250 | 49,438 |
International Bancshares Corp. | 1,825 | 79,096 |
John Marshall Bancorp, Inc. | 400 | 7,140 |
Kearny Financial Corp. | 1,645 | 11,400 |
Lakeland Bancorp, Inc. | 2,111 | 26,641 |
Lakeland Financial Corp. | 891 | 42,287 |
LCNB Corp. | 400 | 5,708 |
Live Oak Bancshares, Inc. | 1,200 | 34,740 |
Luther Burbank Corp. | 400 | 3,360 |
Macatawa Bank Corp. | 800 | 7,168 |
MainStreet Bancshares, Inc. | 300 | 6,162 |
Mercantile Bank Corp. | 500 | 15,455 |
Merchants Bancorp | 600 | 16,632 |
2
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Banks — (continued) | ||
Metrocity Bankshares, Inc. | 600 | $11,808 |
Metropolitan Bank Holding Corp.* | 400 | 14,512 |
Mid Penn Bancorp, Inc. | 400 | 8,052 |
Middlefield Banc Corp. | 300 | 7,623 |
Midland States Bancorp, Inc. | 700 | 14,378 |
MidWestOne Financial Group, Inc. | 400 | 8,132 |
MVB Financial Corp. | 400 | 9,032 |
National Bank Holdings Corp., Class A | 1,300 | 38,688 |
National Bankshares, Inc. | 200 | 5,008 |
NBT Bancorp, Inc. | 1,469 | 46,553 |
NewtekOne, Inc. | 900 | 13,275 |
Nicolet Bankshares, Inc. | 400 | 27,912 |
Northeast Bank | 200 | 8,820 |
Northeast Community Bancorp, Inc. | 500 | 7,380 |
Northrim BanCorp, Inc. | 200 | 7,924 |
Norwood Financial Corp. | 300 | 7,728 |
Oak Valley Bancorp | 300 | 7,524 |
OFG Bancorp | 1,610 | 48,075 |
Old National Bancorp | 9,857 | 143,321 |
Old Second Bancorp, Inc. | 1,400 | 19,054 |
Orange County Bancorp, Inc. | 200 | 8,634 |
Origin Bancorp, Inc. | 1,000 | 28,870 |
Orrstown Financial Services, Inc. | 400 | 8,404 |
PacWest Bancorp | 4,300 | 34,013 |
Park National Corp. | 486 | 45,937 |
Parke Bancorp, Inc. | 300 | 4,887 |
Pathward Financial, Inc. | 900 | 41,481 |
PCB Bancorp | 400 | 6,180 |
Peapack-Gladstone Financial Corp. | 636 | 16,313 |
Penns Woods Bancorp, Inc. | 300 | 6,324 |
Peoples Bancorp, Inc. | 1,091 | 27,690 |
Peoples Financial Services Corp. | 200 | 8,020 |
Pioneer Bancorp, Inc.* | 500 | 4,270 |
Plumas Bancorp | 200 | 6,828 |
Ponce Financial Group, Inc.* | 800 | 6,256 |
Preferred Bank | 400 | 24,900 |
Premier Financial Corp. | 1,131 | 19,295 |
Primis Financial Corp. | 500 | 4,075 |
Princeton Bancorp, Inc. | 200 | 5,798 |
QCR Holdings, Inc. | 600 | 29,112 |
RBB Bancorp | 400 | 5,112 |
Red River Bancshares, Inc. | 200 | 9,192 |
Renasant Corp. | 1,835 | 48,059 |
Republic Bancorp, Inc., Class A | 287 | 12,642 |
S&T Bancorp, Inc. | 1,381 | 37,397 |
Sandy Spring Bancorp, Inc. | 1,450 | 31,074 |
Seacoast Banking Corp of Florida | 2,796 | 61,400 |
ServisFirst Bancshares, Inc. | 1,700 | 88,689 |
Shore Bancshares, Inc. | 1,065 | 11,204 |
Sierra Bancorp | 412 | 7,812 |
Simmons First National Corp., Class A | 4,196 | 71,164 |
SmartFinancial, Inc. | 600 | 12,822 |
South Plains Financial, Inc. | 400 | 10,576 |
Southern First Bancshares, Inc.* | 300 | 8,082 |
Southern States Bancshares, Inc. | 300 | 6,777 |
Number of Shares | Value† | |
Banks — (continued) | ||
Southside Bancshares, Inc. | 971 | $27,868 |
SouthState Corp. | 2,527 | 170,219 |
Stellar Bancorp, Inc. | 1,692 | 36,073 |
Sterling Bancorp, Inc.* | 600 | 3,504 |
Stock Yards Bancorp, Inc. | 967 | 37,993 |
Summit Financial Group, Inc. | 402 | 9,061 |
Texas Capital Bancshares, Inc.* | 1,600 | 94,240 |
The Bancorp, Inc.* | 1,812 | 62,514 |
The Bank of NT Butterfield & Son Ltd. | 1,600 | 43,328 |
The First Bancorp, Inc. | 234 | 5,499 |
The First Bancshares, Inc. | 1,000 | 26,970 |
The First of Long Island Corp. | 689 | 7,930 |
Third Coast Bancshares, Inc.* | 500 | 8,550 |
Tompkins Financial Corp. | 458 | 22,437 |
Towne Bank | 2,477 | 56,798 |
TriCo Bancshares | 1,098 | 35,169 |
Triumph Financial, Inc.* | 700 | 45,353 |
TrustCo Bank Corp. | 650 | 17,739 |
Trustmark Corp. | 2,030 | 44,112 |
UMB Financial Corp. | 1,481 | 91,896 |
United Bankshares, Inc. | 4,360 | 120,292 |
United Community Banks, Inc. | 3,871 | 98,362 |
Unity Bancorp, Inc. | 200 | 4,686 |
Univest Financial Corp. | 987 | 17,154 |
USCB Financial Holdings, Inc.* | 400 | 4,204 |
Valley National Bancorp | 14,483 | 123,974 |
Veritex Holdings, Inc. | 1,853 | 33,261 |
Virginia National Bankshares Corp. | 200 | 6,070 |
Walker & Dunlop, Inc. | 1,106 | 82,109 |
Washington Trust Bancorp, Inc. | 570 | 15,008 |
WesBanco, Inc. | 2,030 | 49,573 |
West BanCorp, Inc. | 478 | 7,796 |
Westamerica BanCorp | 873 | 37,757 |
5,960,311 | ||
Beverages — 0.4% | ||
BRC, Inc., Class A* | 800 | 2,872 |
Coca-Cola Consolidated, Inc. | 165 | 104,993 |
MGP Ingredients, Inc. | 500 | 52,740 |
National Beverage Corp.* | 784 | 36,864 |
Primo Water Corp. | 5,200 | 71,760 |
The Duckhorn Portfolio, Inc.* | 1,600 | 16,416 |
The Vita Coco Co., Inc.* | 900 | 23,436 |
Westrock Coffee Co.* | 1,100 | 9,746 |
Zevia PBC, Class A* | 1,100 | 2,442 |
321,269 | ||
Biotechnology — 6.5% | ||
2seventy bio, Inc.* | 1,433 | 5,617 |
4D Molecular Therapeutics, Inc.* | 1,500 | 19,095 |
89bio, Inc.* | 2,200 | 33,968 |
Aadi Bioscience, Inc.* | 500 | 2,420 |
ACADIA Pharmaceuticals, Inc.* | 4,200 | 87,528 |
Acrivon Therapeutics, Inc.* | 400 | 3,824 |
Actinium Pharmaceuticals, Inc.* | 1,000 | 5,920 |
Adicet Bio, Inc.* | 900 | 1,233 |
3
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Biotechnology — (continued) | ||
ADMA Biologics, Inc.* | 7,400 | $26,492 |
Aerovate Therapeutics, Inc.* | 300 | 4,071 |
Agenus, Inc.* | 10,100 | 11,413 |
Akero Therapeutics, Inc.* | 1,700 | 85,986 |
Aldeyra Therapeutics, Inc.* | 1,800 | 12,024 |
Allakos, Inc.* | 2,533 | 5,750 |
Allogene Therapeutics, Inc.* | 2,800 | 8,876 |
Allovir, Inc.* | 1,000 | 2,150 |
Alpine Immune Sciences, Inc.* | 1,200 | 13,740 |
Altimmune, Inc.* | 1,900 | 4,940 |
ALX Oncology Holdings, Inc.* | 600 | 2,880 |
Amicus Therapeutics, Inc.* | 9,400 | 114,304 |
AnaptysBio, Inc.* | 500 | 8,980 |
Anavex Life Sciences Corp.* | 2,500 | 16,375 |
ANI Pharmaceuticals, Inc.* | 500 | 29,030 |
Annexon, Inc.* | 1,800 | 4,248 |
Apogee Therapeutics, Inc.* | 700 | 14,910 |
Arbutus Biopharma Corp.* | 4,800 | 9,744 |
Arcellx, Inc.* | 1,300 | 46,644 |
Arcturus Therapeutics Holdings, Inc.* | 700 | 17,885 |
Arcus Biosciences, Inc.* | 1,800 | 32,310 |
Arcutis Biotherapeutics, Inc.* | 1,500 | 7,965 |
Ardelyx, Inc.* | 7,700 | 31,416 |
Arrowhead Pharmaceuticals, Inc.* | 3,400 | 91,358 |
ARS Pharmaceuticals, Inc.* | 1,000 | 3,780 |
Astria Therapeutics, Inc.* | 1,000 | 7,460 |
Atara Biotherapeutics, Inc.* | 2,928 | 4,334 |
Atea Pharmaceuticals, Inc.* | 2,800 | 8,400 |
Aura Biosciences, Inc.* | 800 | 7,176 |
Aurinia Pharmaceuticals, Inc.* | 4,500 | 34,965 |
Avid Bioservices, Inc.* | 2,100 | 19,824 |
Avidity Biosciences, Inc.* | 2,300 | 14,674 |
Axsome Therapeutics, Inc.* | 1,200 | 83,868 |
Beam Therapeutics, Inc.* | 2,400 | 57,720 |
BioAtla, Inc.* | 1,800 | 3,060 |
BioCryst Pharmaceuticals, Inc.* | 6,500 | 46,020 |
Biohaven Ltd.* | 1,961 | 51,006 |
Biomea Fusion, Inc.* | 700 | 9,632 |
Bluebird Bio, Inc.* | 4,200 | 12,768 |
Blueprint Medicines Corp.* | 2,100 | 105,462 |
Bridgebio Pharma, Inc.* | 3,955 | 104,293 |
Cabaletta Bio, Inc.* | 1,000 | 15,220 |
Cara Therapeutics, Inc.* | 1,500 | 2,520 |
Caribou Biosciences, Inc.* | 2,000 | 9,560 |
Carisma Therapeutics, Inc. | 1,000 | 4,230 |
Cassava Sciences, Inc.* | 1,400 | 23,296 |
Celcuity, Inc.* | 700 | 6,398 |
Celldex Therapeutics, Inc.* | 1,600 | 44,032 |
Century Therapeutics, Inc.* | 800 | 1,600 |
Cerevel Therapeutics Holdings, Inc.* | 2,200 | 48,026 |
Cogent Biosciences, Inc.* | 2,900 | 28,275 |
Compass Therapeutics, Inc.* | 3,500 | 6,895 |
Crinetics Pharmaceuticals, Inc.* | 2,200 | 65,428 |
Cue Biopharma, Inc.* | 1,400 | 3,220 |
Cullinan Oncology, Inc.* | 600 | 5,430 |
Number of Shares | Value† | |
Biotechnology — (continued) | ||
Cymabay Therapeutics, Inc.* | 3,100 | $46,221 |
Cytek Biosciences, Inc.* | 4,000 | 22,080 |
Cytokinetics, Inc.* | 3,100 | 91,326 |
Day One Biopharmaceuticals, Inc.* | 2,300 | 28,221 |
Deciphera Pharmaceuticals, Inc.* | 1,700 | 21,624 |
Denali Therapeutics, Inc.* | 3,900 | 80,457 |
Design Therapeutics, Inc.* | 1,300 | 3,068 |
Disc Medicine, Inc.* | 300 | 14,094 |
Dynavax Technologies Corp.* | 4,420 | 65,284 |
Dyne Therapeutics, Inc.* | 1,600 | 14,336 |
Edgewise Therapeutics, Inc.* | 1,300 | 7,449 |
Editas Medicine, Inc.* | 2,500 | 19,500 |
Emergent BioSolutions, Inc.* | 1,758 | 5,977 |
Entrada Therapeutics, Inc.* | 800 | 12,640 |
EQRx, Inc.* | 11,700 | 25,974 |
Erasca, Inc.* | 2,400 | 4,728 |
Evolus, Inc.* | 1,200 | 10,968 |
EyePoint Pharmaceuticals, Inc.* | 900 | 7,191 |
Fate Therapeutics, Inc.* | 2,900 | 6,148 |
FibroGen, Inc.* | 3,200 | 2,761 |
Genelux Corp.* | 600 | 14,694 |
Generation Bio Co.* | 1,300 | 4,927 |
Geron Corp.* | 16,340 | 34,641 |
Graphite Bio, Inc.* | 1,300 | 3,224 |
Guardant Health, Inc.* | 3,700 | 109,668 |
Halozyme Therapeutics, Inc.* | 4,389 | 167,660 |
Harvard Bioscience, Inc.* | 1,500 | 6,450 |
HilleVax, Inc.* | 800 | 10,760 |
Humacyte, Inc.* | 2,700 | 7,911 |
Icosavax, Inc.* | 900 | 6,975 |
Ideaya Biosciences, Inc.* | 1,900 | 51,262 |
IGM Biosciences, Inc.* | 300 | 2,505 |
Ikena Oncology, Inc.* | 900 | 3,897 |
ImmunityBio, Inc.* | 3,200 | 5,408 |
ImmunoGen, Inc.* | 8,163 | 129,547 |
Immunovant, Inc.* | 1,900 | 72,941 |
Inhibrx, Inc.* | 1,200 | 22,020 |
Innoviva, Inc.* | 2,100 | 27,279 |
Inozyme Pharma, Inc.* | 1,300 | 5,460 |
Insmed, Inc.* | 4,400 | 111,100 |
Intellia Therapeutics, Inc.* | 2,948 | 93,216 |
Intercept Pharmaceuticals, Inc.* | 1,484 | 27,513 |
Intra-Cellular Therapies, Inc.* | 3,100 | 161,479 |
Iovance Biotherapeutics, Inc.* | 7,400 | 33,670 |
iTeos Therapeutics, Inc.* | 700 | 7,665 |
Janux Therapeutics, Inc.* | 700 | 7,056 |
Karyopharm Therapeutics, Inc.* | 2,500 | 3,350 |
Keros Therapeutics, Inc.* | 700 | 22,316 |
Kezar Life Sciences, Inc.* | 1,800 | 2,142 |
Kiniksa Pharmaceuticals Ltd., Class A* | 1,000 | 17,370 |
Kodiak Sciences, Inc.* | 1,100 | 1,980 |
Krystal Biotech, Inc.* | 700 | 81,200 |
Kymera Therapeutics, Inc.* | 1,400 | 19,460 |
Larimar Therapeutics, Inc.* | 1,100 | 4,345 |
Lexicon Pharmaceuticals, Inc.* | 2,560 | 2,790 |
4
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Biotechnology — (continued) | ||
Ligand Pharmaceuticals, Inc.* | 599 | $35,892 |
Lineage Cell Therapeutics, Inc.* | 5,100 | 6,018 |
Liquidia Corp.* | 1,600 | 10,144 |
MacroGenics, Inc.* | 1,900 | 8,854 |
MeiraGTx Holdings PLC* | 1,100 | 5,401 |
Merrimack Pharmaceuticals, Inc.* | 400 | 4,932 |
Mersana Therapeutics, Inc.* | 3,400 | 4,318 |
Mineralys Therapeutics, Inc.* | 400 | 3,804 |
Monte Rosa Therapeutics, Inc.* | 1,100 | 5,269 |
Myriad Genetics, Inc.* | 2,700 | 43,308 |
NeoGenomics, Inc.* | 4,400 | 54,120 |
NGM Biopharmaceuticals, Inc.* | 1,200 | 1,284 |
Nkarta, Inc.* | 1,200 | 1,668 |
Novavax, Inc.* | 3,200 | 23,168 |
Nurix Therapeutics, Inc.* | 1,600 | 12,576 |
Nuvalent, Inc., Class A* | 800 | 36,776 |
Nuvation Bio, Inc.* | 3,800 | 5,092 |
Olema Pharmaceuticals, Inc.* | 1,000 | 12,350 |
Omega Therapeutics, Inc.* | 1,000 | 2,150 |
Omeros Corp.* | 2,300 | 6,716 |
Organogenesis Holdings, Inc.* | 2,500 | 7,950 |
Ovid therapeutics, Inc.* | 2,300 | 8,832 |
PDS Biotechnology Corp.* | 1,100 | 5,555 |
PepGen, Inc.* | 600 | 3,048 |
Phathom Pharmaceuticals, Inc.* | 700 | 7,259 |
Pliant Therapeutics, Inc.* | 2,000 | 34,680 |
Point Biopharma Global, Inc.* | 3,200 | 21,344 |
Poseida Therapeutics, Inc.* | 2,800 | 6,664 |
Precigen, Inc.* | 3,300 | 4,686 |
Prime Medicine, Inc.* | 1,500 | 14,310 |
ProKidney Corp.* | 1,500 | 6,870 |
Protalix BioTherapeutics, Inc.* | 2,300 | 3,818 |
Prothena Corp. PLC* | 1,400 | 67,550 |
PTC Therapeutics, Inc.* | 2,400 | 53,784 |
Rallybio Corp.* | 1,400 | 4,718 |
RAPT Therapeutics, Inc.* | 1,000 | 16,620 |
Recursion Pharmaceuticals, Inc., Class A* | 4,700 | 35,955 |
REGENXBIO, Inc.* | 1,400 | 23,044 |
Relay Therapeutics, Inc.* | 3,000 | 25,230 |
Replimune Group, Inc.* | 1,300 | 22,243 |
REVOLUTION Medicines, Inc.* | 3,400 | 94,112 |
Rigel Pharmaceuticals, Inc.* | 6,290 | 6,793 |
Rocket Pharmaceuticals, Inc.* | 1,900 | 38,931 |
Sage Therapeutics, Inc.* | 1,800 | 37,044 |
Sana Biotechnology, Inc.* | 2,800 | 10,836 |
Sangamo Therapeutics, Inc.* | 4,103 | 2,461 |
Savara, Inc.* | 3,000 | 11,340 |
Scholar Rock Holding Corp.* | 1,100 | 7,810 |
Scilex Holding Co.* | 1,931 | 2,703 |
Seer, Inc.* | 2,000 | 4,420 |
Selecta Biosciences, Inc.* | 4,800 | 5,088 |
SpringWorks Therapeutics, Inc.* | 1,900 | 43,928 |
Stoke Therapeutics, Inc.* | 700 | 2,758 |
Sutro Biopharma, Inc.* | 2,134 | 7,405 |
Number of Shares | Value† | |
Biotechnology — (continued) | ||
Syndax Pharmaceuticals, Inc.* | 2,200 | $31,944 |
Tango Therapeutics, Inc.* | 1,500 | 16,890 |
Tarsus Pharmaceuticals, Inc.* | 700 | 12,439 |
Tela Bio, Inc.* | 600 | 4,800 |
Tenaya Therapeutics, Inc.* | 1,900 | 4,845 |
Terns Pharmaceuticals, Inc.* | 1,600 | 8,048 |
TG Therapeutics, Inc.* | 4,700 | 39,292 |
Theravance Biopharma, Inc.* | 2,200 | 18,986 |
Theseus Pharmaceuticals, Inc.* | 500 | 1,345 |
Third Harmonic Bio, Inc.* | 900 | 5,751 |
Travere Therapeutics, Inc.* | 2,300 | 20,562 |
Twist Bioscience Corp.* | 1,888 | 38,251 |
Tyra Biosciences, Inc.* | 500 | 6,885 |
UroGen Pharma Ltd.* | 600 | 8,406 |
Vaxxinity, Inc., Class A* | 1,900 | 2,603 |
Ventyx Biosciences, Inc.* | 1,500 | 52,095 |
Vera Therapeutics, Inc.* | 1,200 | 16,452 |
Veracyte, Inc.* | 2,500 | 55,825 |
Vericel Corp.* | 1,600 | 53,632 |
Verve Therapeutics, Inc.* | 1,600 | 21,216 |
Vigil Neuroscience, Inc.* | 700 | 3,773 |
Viking Therapeutics, Inc.* | 3,400 | 37,638 |
Vir Biotechnology, Inc.* | 3,000 | 28,110 |
Viridian Therapeutics, Inc.* | 1,400 | 21,476 |
Vor BioPharma, Inc.* | 1,500 | 3,180 |
WaVe Life Sciences Ltd.* | 2,300 | 13,225 |
X4 Pharmaceuticals, Inc.* | 4,800 | 5,232 |
Xencor, Inc.* | 1,900 | 38,285 |
XOMA Corp.* | 300 | 4,227 |
Zentalis Pharmaceuticals, Inc.* | 2,100 | 42,126 |
Zevra Therapeutics, Inc.* | 1,400 | 6,748 |
Zura Bio Ltd.* | 300 | 1,980 |
Zymeworks, Inc.* | 2,000 | 12,680 |
4,948,172 | ||
Building Materials — 2.1% | ||
AAON, Inc. | 2,277 | 129,493 |
American Woodmark Corp.* | 569 | 43,022 |
Apogee Enterprises, Inc. | 743 | 34,980 |
Aspen Aerogels, Inc.* | 2,100 | 18,060 |
Boise Cascade Co. | 1,300 | 133,952 |
Gibraltar Industries, Inc.* | 1,001 | 67,578 |
Griffon Corp. | 1,456 | 57,760 |
JELD-WEN Holding, Inc.* | 2,700 | 36,072 |
Knife River Corp.* | 1,900 | 92,777 |
LSI Industries, Inc. | 1,000 | 15,880 |
Masonite International Corp.* | 800 | 74,576 |
Masterbrand, Inc.* | 4,300 | 52,245 |
Modine Manufacturing Co.* | 1,677 | 76,723 |
PGT Innovations, Inc.* | 2,000 | 55,500 |
Simpson Manufacturing Co., Inc. | 1,440 | 215,726 |
SmartRent, Inc.* | 6,700 | 17,487 |
SPX Technologies, Inc.* | 1,500 | 122,100 |
Summit Materials, Inc., Class A* | 3,974 | 123,750 |
5
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Building Materials — (continued) | ||
UFP Industries, Inc. | 2,049 | $209,818 |
1,577,499 | ||
Chemicals — 1.9% | ||
AdvanSix, Inc. | 900 | 27,972 |
American Vanguard Corp. | 778 | 8,504 |
Avient Corp. | 3,055 | 107,903 |
Balchem Corp. | 1,071 | 132,847 |
Cabot Corp. | 1,900 | 131,613 |
Codexis, Inc.* | 2,000 | 3,780 |
Danimer Scientific, Inc.* | 3,200 | 6,624 |
Ecovyst, Inc.* | 3,000 | 29,520 |
H.B. Fuller Co. | 1,780 | 122,126 |
Hawkins, Inc. | 598 | 35,192 |
Ingevity Corp.* | 1,200 | 57,132 |
Innospec, Inc. | 800 | 81,760 |
Intrepid Potash, Inc.* | 370 | 9,309 |
Koppers Holdings, Inc. | 620 | 24,521 |
Kronos Worldwide, Inc. | 900 | 6,975 |
Lightwave Logic, Inc.* | 3,700 | 16,539 |
Livent Corp.* | 6,000 | 110,460 |
Mativ Holdings, Inc. | 1,955 | 27,878 |
Minerals Technologies, Inc. | 1,128 | 61,769 |
Oil-Dri Corp of America | 200 | 12,350 |
Origin Materials, Inc.* | 3,500 | 4,480 |
Orion S.A. | 1,900 | 40,432 |
Perimeter Solutions S.A.* | 5,700 | 25,878 |
Quaker Chemical Corp. | 472 | 75,520 |
Rayonier Advanced Materials, Inc.* | 1,900 | 6,726 |
Rogers Corp.* | 577 | 75,858 |
Sensient Technologies Corp. | 1,458 | 85,264 |
Stepan Co. | 735 | 55,103 |
Terawulf, Inc.* | 6,000 | 7,560 |
Trinseo PLC | 1,200 | 9,804 |
Tronox Holdings PLC | 4,000 | 53,760 |
Valhi, Inc. | 100 | 1,326 |
1,456,485 | ||
Coal — 0.8% | ||
Alpha Metallurgical Resources, Inc. | 432 | 112,203 |
Arch Resources, Inc. | 610 | 104,103 |
CONSOL Energy, Inc. | 1,100 | 115,401 |
Hallador Energy Co.* | 900 | 12,978 |
NACCO Industries, Inc., Class A | 100 | 3,507 |
Peabody Energy Corp. | 4,200 | 109,158 |
Ramaco Resources, Inc., Class A | 700 | 7,693 |
Ramaco Resources, Inc., Class B | 140 | 1,670 |
SunCoke Energy, Inc. | 2,641 | 26,806 |
Warrior Met Coal, Inc. | 1,700 | 86,836 |
580,355 | ||
Commercial Services — 5.7% | ||
2U, Inc.* | 2,900 | 7,163 |
ABM Industries, Inc. | 2,239 | 89,582 |
Acacia Research Corp.* | 1,500 | 5,475 |
Adtalem Global Education, Inc.* | 1,500 | 64,275 |
Number of Shares | Value† | |
Commercial Services — (continued) | ||
AirSculpt Technologies, Inc.* | 300 | $2,052 |
Alarm.com Holdings, Inc.* | 1,600 | 97,824 |
Alight, Inc., Class A* | 13,300 | 94,297 |
Alta Equipment Group, Inc. | 700 | 8,442 |
AMN Healthcare Services, Inc.* | 1,309 | 111,501 |
API Group Corp.* | 7,000 | 181,510 |
Arlo Technologies, Inc.* | 3,033 | 31,240 |
ASGN, Inc.* | 1,613 | 131,750 |
Bakkt Holdings, Inc.* | 1,900 | 2,223 |
Barrett Business Services, Inc. | 242 | 21,838 |
BrightView Holdings, Inc.* | 1,415 | 10,966 |
Carriage Services, Inc. | 500 | 14,125 |
Cass Information Systems, Inc. | 498 | 18,551 |
CBIZ, Inc.* | 1,640 | 85,116 |
Chegg, Inc.* | 3,800 | 33,896 |
Cimpress PLC* | 619 | 43,336 |
Cipher Mining, Inc.* | 2,100 | 4,893 |
CompoSecure, Inc.* | 700 | 4,515 |
CoreCivic, Inc.* | 3,800 | 42,750 |
CorVel Corp.* | 299 | 58,798 |
Coursera, Inc.* | 4,300 | 80,367 |
CPI Card Group, Inc.* | 200 | 3,704 |
CRA International, Inc. | 274 | 27,608 |
Cross Country Healthcare, Inc.* | 1,084 | 26,872 |
Custom Truck One Source, Inc.* | 2,100 | 13,020 |
Deluxe Corp. | 1,507 | 28,467 |
Distribution Solutions Group, Inc.* | 242 | 6,292 |
Ennis, Inc. | 858 | 18,207 |
European Wax Center, Inc., Class A* | 1,000 | 16,200 |
EVERTEC, Inc. | 2,239 | 83,246 |
First Advantage Corp. | 1,700 | 23,443 |
FiscalNote Holdings, Inc.* | 2,500 | 5,200 |
Flywire Corp.* | 3,200 | 102,048 |
Forrester Research, Inc.* | 375 | 10,838 |
Franklin Covey Co.* | 397 | 17,039 |
Graham Holdings Co., Class B | 120 | 69,960 |
Green Dot Corp., Class A* | 1,440 | 20,059 |
Healthcare Services Group, Inc. | 2,580 | 26,909 |
Heidrick & Struggles International, Inc. | 569 | 14,236 |
Herc Holdings, Inc. | 946 | 112,517 |
HireQuest, Inc. | 200 | 3,086 |
Huron Consulting Group, Inc.* | 628 | 65,412 |
I3 Verticals, Inc., Class A* | 800 | 16,912 |
ICF International, Inc. | 648 | 78,285 |
Information Services Group, Inc. | 1,200 | 5,256 |
Insperity, Inc. | 1,220 | 119,072 |
John Wiley & Sons, Inc., Class A | 1,500 | 55,755 |
Kelly Services, Inc., Class A | 1,114 | 20,264 |
Kforce, Inc. | 686 | 40,927 |
Korn Ferry | 1,790 | 84,918 |
Laureate Education, Inc., Class A | 4,600 | 64,860 |
Legalzoom.com, Inc.* | 3,700 | 40,478 |
Lincoln Educational Services Corp.* | 1,000 | 8,450 |
LiveRamp Holdings, Inc.* | 2,167 | 62,496 |
Marathon Digital Holdings, Inc.* | 5,600 | 47,600 |
6
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Commercial Services — (continued) | ||
MarketWise, Inc. | 1,500 | $2,400 |
Marqeta, Inc., Class A* | 16,400 | 98,072 |
Matthews International Corp., Class A | 1,005 | 39,105 |
Medifast, Inc. | 376 | 28,144 |
Monro, Inc. | 1,037 | 28,798 |
Multiplan Corp.* | 12,800 | 21,504 |
National Research Corp. | 487 | 21,608 |
Payoneer Global, Inc.* | 8,600 | 52,632 |
Paysafe Ltd.* | 917 | 10,995 |
Perdoceo Education Corp. | 2,300 | 39,330 |
Performant Financial Corp.* | 2,600 | 5,876 |
Priority Technology Holdings, Inc.* | 600 | 1,944 |
PROG Holdings, Inc.* | 1,567 | 52,040 |
Progyny, Inc.* | 2,600 | 88,452 |
Quad/Graphics, Inc.* | 1,100 | 5,533 |
Remitly Global, Inc.* | 4,400 | 110,968 |
Rent the Runway, Inc., Class A* | 2,000 | 1,361 |
Repay Holdings Corp.* | 2,500 | 18,975 |
Resources Connection, Inc. | 1,222 | 18,220 |
Riot Platforms, Inc.* | 6,000 | 55,980 |
Sabre Corp.* | 11,400 | 51,186 |
SEACOR Marine Holdings, Inc.* | 900 | 12,492 |
SoundThinking, Inc.* | 300 | 5,370 |
SP Plus Corp.* | 593 | 21,407 |
Sterling Check Corp.* | 900 | 11,358 |
StoneCo Ltd., Class A* | 9,700 | 103,499 |
Strategic Education, Inc. | 751 | 56,513 |
Stride, Inc.* | 1,452 | 65,384 |
Target Hospitality Corp.* | 1,100 | 17,468 |
Textainer Group Holdings Ltd. | 1,412 | 52,597 |
The Aaron's Co., Inc. | 1,100 | 11,517 |
The Brink's Co. | 1,510 | 109,686 |
The GEO Group, Inc.* | 4,252 | 34,781 |
The Hackett Group, Inc. | 816 | 19,249 |
Transcat, Inc.* | 300 | 29,391 |
TriNet Group, Inc.* | 1,289 | 150,143 |
Triton International Ltd. | 1,893 | 155,728 |
TrueBlue, Inc.* | 1,076 | 15,785 |
Udemy, Inc.* | 3,100 | 29,450 |
Universal Technical Institute, Inc.* | 1,100 | 9,218 |
Upbound Group, Inc. | 1,953 | 57,516 |
V2X, Inc.* | 400 | 20,664 |
Viad Corp.* | 671 | 17,580 |
Willdan Group, Inc.* | 300 | 6,129 |
WW International, Inc.* | 1,700 | 18,819 |
ZipRecruiter, Inc., Class A* | 2,300 | 27,577 |
4,398,565 | ||
Computers — 2.4% | ||
3D Systems Corp.* | 4,000 | 19,640 |
Cantaloupe, Inc.* | 2,000 | 12,500 |
Conduent, Inc.* | 5,800 | 20,184 |
Corsair Gaming, Inc.* | 1,400 | 20,342 |
Cricut, Inc., Class A | 1,700 | 15,793 |
Desktop Metal, Inc., Class A* | 9,584 | 13,993 |
Number of Shares | Value† | |
Computers — (continued) | ||
ExlService Holdings, Inc.* | 5,416 | $151,865 |
Grid Dynamics Holdings, Inc.* | 1,700 | 20,706 |
Insight Enterprises, Inc.* | 943 | 137,206 |
Integral Ad Science Holding Corp.* | 1,800 | 21,402 |
Maximus, Inc. | 2,038 | 152,198 |
Mitek Systems, Inc.* | 1,500 | 16,080 |
NetScout Systems, Inc.* | 2,365 | 66,267 |
NextNav, Inc.* | 1,600 | 8,224 |
OneSpan, Inc.* | 1,528 | 16,426 |
PAR Technology Corp.* | 900 | 34,686 |
Parsons Corp.* | 1,400 | 76,090 |
PlayAGS, Inc.* | 1,500 | 9,780 |
Qualys, Inc.* | 1,247 | 190,230 |
Rapid7, Inc.* | 2,000 | 91,560 |
Rimini Street, Inc.* | 1,800 | 3,960 |
Super Micro Computer, Inc.* | 1,559 | 427,509 |
System1, Inc.* | 1,100 | 1,331 |
Tenable Holdings, Inc.* | 3,800 | 170,240 |
Thoughtworks Holding, Inc.* | 3,400 | 13,872 |
Tingo Group, Inc.* | 5,000 | 5,125 |
TTEC Holdings, Inc. | 607 | 15,916 |
Unisys Corp.* | 2,324 | 8,018 |
Varonis Systems, Inc.* | 3,634 | 110,982 |
Velo3D, Inc.* | 1,800 | 2,808 |
Vuzix Corp.* | 2,000 | 7,260 |
1,862,193 | ||
Cosmetics & Personal Care — 0.5% | ||
Edgewell Personal Care Co. | 1,800 | 66,528 |
elf Beauty, Inc.* | 1,800 | 197,694 |
Inter Parfums, Inc. | 624 | 83,828 |
The Beauty Health Co.* | 2,900 | 17,458 |
Waldencast PLC, Class A* | 800 | 7,536 |
373,044 | ||
Distribution & Wholesale — 0.7% | ||
A-Mark Precious Metals, Inc. | 600 | 17,598 |
EVI Industries, Inc.* | 200 | 4,964 |
G-III Apparel Group Ltd.* | 1,508 | 37,579 |
Global Industrial Co. | 462 | 15,477 |
H&E Equipment Services, Inc. | 1,059 | 45,738 |
Hudson Technologies, Inc.* | 1,400 | 18,620 |
MRC Global, Inc.* | 2,900 | 29,725 |
OPENLANE, Inc.* | 3,600 | 53,712 |
Resideo Technologies, Inc.* | 5,000 | 79,000 |
Rush Enterprises, Inc., Class A | 2,103 | 85,866 |
Rush Enterprises, Inc., Class B | 225 | 10,190 |
ScanSource, Inc.* | 881 | 26,703 |
ThredUp, Inc., Class A* | 1,900 | 7,619 |
Titan Machinery, Inc.* | 723 | 19,217 |
Veritiv Corp. | 400 | 67,560 |
VSE Corp. | 508 | 25,624 |
545,192 | ||
Diversified Financial Services — 2.6% | ||
AlTi Global, Inc.* | 900 | 6,264 |
7
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Diversified Financial Services — (continued) | ||
Applied Digital Corp.* | 2,400 | $14,976 |
Artisan Partners Asset Management, Inc., Class A | 2,100 | 78,582 |
AssetMark Financial Holdings, Inc.* | 800 | 20,064 |
Atlanticus Holdings Corp.* | 200 | 6,062 |
Avantax, Inc.* | 1,296 | 33,152 |
B Riley Financial, Inc. | 600 | 24,594 |
BGC Group, Inc., Class A | 10,400 | 54,912 |
Bit Digital, Inc.* | 2,800 | 5,992 |
Bread Financial Holdings, Inc. | 1,700 | 58,140 |
Brightsphere Investment Group, Inc. | 1,126 | 21,833 |
Brookfield Business Corp., Class A | 800 | 14,464 |
Calamos Asset Management, Inc., Class A(1),* | 469 | 0 |
Cohen & Steers, Inc. | 917 | 57,487 |
Columbia Financial, Inc.* | 1,100 | 17,281 |
Consumer Portfolio Services, Inc.* | 500 | 4,535 |
Diamond Hill Investment Group, Inc. | 107 | 18,037 |
Enact Holdings, Inc. | 1,000 | 27,230 |
Encore Capital Group, Inc.* | 797 | 38,065 |
Enova International, Inc.* | 1,013 | 51,531 |
Federal Agricultural Mortgage Corp., Class C | 300 | 46,290 |
Finance Of America Cos., Inc., Class A* | 1,300 | 1,664 |
First Western Financial, Inc.* | 300 | 5,445 |
Forge Global Holdings, Inc.* | 4,300 | 8,729 |
FTAI Aviation Ltd. | 3,300 | 117,315 |
GCM Grosvenor, Inc., Class A | 1,200 | 9,312 |
Hamilton Lane, Inc., Class A | 1,200 | 108,528 |
International Money Express, Inc.* | 900 | 15,237 |
LendingClub Corp.* | 3,560 | 21,716 |
LendingTree, Inc.* | 377 | 5,843 |
Moelis & Co., Class A | 2,200 | 99,286 |
Mr. Cooper Group, Inc.* | 2,192 | 117,403 |
Navient Corp. | 3,100 | 53,382 |
Nelnet, Inc., Class A | 499 | 44,571 |
NerdWallet, Inc., Class A* | 900 | 8,001 |
Ocwen Financial Corp.* | 200 | 5,176 |
Pagseguro Digital Ltd., Class A* | 6,600 | 56,826 |
Paysign, Inc.* | 1,500 | 2,925 |
PennyMac Financial Services, Inc. | 900 | 59,940 |
Perella Weinberg Partners | 1,500 | 15,270 |
Piper Sandler Cos. | 599 | 87,041 |
PJT Partners, Inc., Class A | 800 | 63,552 |
PRA Group, Inc.* | 1,348 | 25,895 |
Radian Group, Inc. | 5,303 | 133,158 |
Regional Management Corp. | 300 | 8,304 |
Sculptor Capital Management, Inc. | 800 | 9,280 |
Security National Financial Corp., Class A* | 525 | 4,116 |
Silvercrest Asset Management Group, Inc., Class A | 300 | 4,761 |
StepStone Group, Inc., Class A | 1,800 | 56,844 |
StoneX Group, Inc.* | 593 | 57,473 |
Upstart Holdings, Inc.* | 2,400 | 68,496 |
Number of Shares | Value† | |
Diversified Financial Services — (continued) | ||
Velocity Financial, Inc.* | 400 | $4,520 |
Victory Capital Holdings, Inc., Class A | 1,000 | 33,340 |
Virtus Investment Partners, Inc. | 236 | 47,670 |
WisdomTree, Inc. | 4,900 | 34,300 |
World Acceptance Corp.* | 111 | 14,104 |
2,008,914 | ||
Electric — 1.4% | ||
ALLETE, Inc. | 1,951 | 103,013 |
Altus Power, Inc.* | 2,000 | 10,500 |
Ameresco, Inc., Class A* | 1,100 | 42,416 |
Avista Corp. | 2,639 | 85,424 |
Black Hills Corp. | 2,248 | 113,726 |
FTC Solar, Inc.* | 1,600 | 2,048 |
Genie Energy Ltd., Class B | 800 | 11,784 |
MGE Energy, Inc. | 1,242 | 85,089 |
Northwestern Energy Group, Inc. | 2,080 | 99,965 |
Ormat Technologies, Inc. | 1,800 | 125,856 |
Otter Tail Corp. | 1,392 | 105,681 |
PNM Resources, Inc. | 2,910 | 129,815 |
Portland General Electric Co. | 3,256 | 131,803 |
Unitil Corp. | 563 | 24,046 |
1,071,166 | ||
Electrical Components & Equipment — 0.9% | ||
Belden, Inc. | 1,455 | 140,480 |
Blink Charging Co.* | 1,800 | 5,508 |
Encore Wire Corp. | 538 | 98,164 |
Energizer Holdings, Inc. | 2,400 | 76,896 |
EnerSys | 1,423 | 134,715 |
ESS Tech, Inc.* | 2,600 | 4,888 |
Insteel Industries, Inc. | 691 | 22,430 |
nLight, Inc.* | 1,700 | 17,680 |
Novanta, Inc.* | 1,200 | 172,128 |
Powell Industries, Inc. | 329 | 27,274 |
700,163 | ||
Electronics — 2.1% | ||
Advanced Energy Industries, Inc. | 1,293 | 133,334 |
Akoustis Technologies, Inc.* | 2,000 | 1,506 |
Allient, Inc. | 500 | 15,460 |
Atkore, Inc.* | 1,300 | 193,947 |
Atmus Filtration Technologies, Inc.* | 600 | 12,510 |
Badger Meter, Inc. | 986 | 141,856 |
Bel Fuse, Inc., Class B | 400 | 19,088 |
Benchmark Electronics, Inc. | 1,113 | 27,001 |
Charge Enterprises, Inc.* | 3,500 | 1,740 |
Comtech Telecommunications Corp. | 952 | 8,330 |
CTS Corp. | 1,063 | 44,370 |
Enovix Corp.* | 4,600 | 57,730 |
ESCO Technologies, Inc. | 834 | 87,103 |
Evolv Technologies Holdings, Inc.* | 4,100 | 19,926 |
FARO Technologies, Inc.* | 620 | 9,443 |
GoPro, Inc., Class A* | 4,300 | 13,502 |
Itron, Inc.* | 1,500 | 90,870 |
Kimball Electronics, Inc.* | 733 | 20,070 |
8
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Electronics — (continued) | ||
Knowles Corp.* | 3,152 | $46,681 |
Mesa Laboratories, Inc. | 186 | 19,543 |
MicroVision, Inc.* | 6,300 | 13,797 |
Mirion Technologies, Inc.* | 6,500 | 48,555 |
Napco Security Technologies, Inc. | 1,000 | 22,250 |
NEXTracker, Inc., Class A* | 1,700 | 68,272 |
NVE Corp. | 200 | 16,428 |
OSI Systems, Inc.* | 557 | 65,748 |
Plexus Corp.* | 903 | 83,961 |
Sanmina Corp.* | 1,926 | 104,543 |
SKYX Platforms Corp.* | 2,300 | 3,266 |
Stoneridge, Inc.* | 873 | 17,521 |
TTM Technologies, Inc.* | 3,429 | 44,166 |
Turtle Beach Corp.* | 500 | 4,537 |
Vicor Corp.* | 722 | 42,519 |
Vishay Intertechnology, Inc. | 4,300 | 106,296 |
1,605,869 | ||
Energy-Alternate Sources — 0.7% | ||
Array Technologies, Inc.* | 5,100 | 113,169 |
Cleanspark, Inc.* | 4,300 | 16,383 |
Energy Vault Holdings, Inc.* | 2,500 | 6,375 |
Eneti, Inc. | 700 | 7,056 |
Enviva, Inc. | 1,200 | 8,964 |
Eos Energy Enterprises, Inc.* | 4,000 | 8,600 |
Fluence Energy, Inc.* | 1,300 | 29,887 |
FuelCell Energy, Inc.* | 14,600 | 18,688 |
FutureFuel Corp. | 800 | 5,736 |
Gevo, Inc.* | 6,400 | 7,616 |
Green Plains, Inc.* | 1,967 | 59,206 |
Maxeon Solar Technologies Ltd.* | 900 | 10,431 |
Montauk Renewables, Inc.* | 2,100 | 19,131 |
REX American Resources Corp.* | 576 | 23,455 |
Shoals Technologies Group, Inc., Class A* | 5,700 | 104,025 |
Stem, Inc.* | 5,000 | 21,200 |
Sunnova Energy International, Inc.* | 3,500 | 36,645 |
SunPower Corp.* | 2,800 | 17,276 |
TPI Composites, Inc.* | 1,400 | 3,710 |
517,553 | ||
Engineering & Construction — 1.7% | ||
908 Devices, Inc.* | 800 | 5,328 |
Arcosa, Inc. | 1,600 | 115,040 |
Bowman Consulting Group Ltd.* | 400 | 11,212 |
Comfort Systems USA, Inc. | 1,188 | 202,447 |
Concrete Pumping Holdings, Inc.* | 1,100 | 9,438 |
Construction Partners, Inc., Class A* | 1,400 | 51,184 |
Dycom Industries, Inc.* | 953 | 84,817 |
Exponent, Inc. | 1,680 | 143,808 |
Fluor Corp.* | 4,800 | 176,160 |
Frontdoor, Inc.* | 2,700 | 82,593 |
Granite Construction, Inc. | 1,433 | 54,483 |
Great Lakes Dredge & Dock Corp.* | 2,351 | 18,737 |
IES Holdings, Inc.* | 300 | 19,761 |
Iteris, Inc.* | 1,700 | 7,038 |
Number of Shares | Value† | |
Engineering & Construction — (continued) | ||
Latham Group, Inc.* | 1,500 | $4,200 |
Limbach Holdings, Inc.* | 200 | 6,346 |
Mistras Group, Inc.* | 800 | 4,360 |
MYR Group, Inc.* | 583 | 78,565 |
NV5 Global, Inc.* | 454 | 43,688 |
Primoris Services Corp. | 1,790 | 58,587 |
Sterling Infrastructure, Inc.* | 1,000 | 73,480 |
Tutor Perini Corp.* | 1,397 | 10,939 |
1,262,211 | ||
Entertainment — 1.3% | ||
Accel Entertainment, Inc.* | 2,000 | 21,900 |
Atlanta Braves Holdings, Inc., Class A* | 300 | 11,721 |
Atlanta Braves Holdings, Inc., Class C* | 1,500 | 53,595 |
Bally's Corp.* | 950 | 12,455 |
Cinemark Holdings, Inc.* | 3,800 | 69,730 |
Everi Holdings, Inc.* | 2,700 | 35,694 |
Golden Entertainment, Inc. | 700 | 23,926 |
IMAX Corp.* | 1,500 | 28,980 |
International Game Technology PLC | 3,600 | 109,152 |
Light & Wonder, Inc.* | 3,100 | 221,123 |
Lions Gate Entertainment Corp., Class A* | 1,900 | 16,112 |
Lions Gate Entertainment Corp., Class B* | 3,600 | 28,332 |
Loop Media, Inc.* | 1,600 | 795 |
Madison Square Garden Entertainment Corp.* | 1,537 | 50,583 |
Monarch Casino & Resort, Inc. | 485 | 30,118 |
RCI Hospitality Holdings, Inc. | 300 | 18,198 |
Red Rock Resorts, Inc., Class A | 1,600 | 65,600 |
Reservoir Media, Inc.* | 700 | 4,270 |
Rush Street Interactive, Inc.* | 1,800 | 8,316 |
SeaWorld Entertainment, Inc.* | 1,200 | 55,500 |
Six Flags Entertainment Corp.* | 2,400 | 56,424 |
Sphere Entertainment Co.* | 937 | 34,819 |
Super Group SGHC Ltd.* | 5,000 | 18,450 |
975,793 | ||
Environmental Control — 0.4% | ||
374Water, Inc.* | 2,400 | 2,976 |
Casella Waste Systems, Inc., Class A* | 1,900 | 144,970 |
CECO Environmental Corp.* | 1,100 | 17,567 |
Energy Recovery, Inc.* | 1,800 | 38,178 |
Enviri Corp.* | 2,500 | 18,050 |
Heritage-Crystal Clean, Inc.* | 500 | 22,675 |
LanzaTech Global, Inc.* | 900 | 4,203 |
Li-Cycle Holdings Corp.* | 5,200 | 18,460 |
Montrose Environmental Group, Inc.* | 1,000 | 29,260 |
Pure Cycle Corp.* | 800 | 7,680 |
PureCycle Technologies, Inc.* | 3,700 | 20,757 |
324,776 | ||
Food — 1.5% | ||
B&G Foods, Inc. | 2,472 | 24,448 |
Beyond Meat, Inc.* | 1,800 | 17,316 |
9
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Food — (continued) | ||
Calavo Growers, Inc. | 551 | $13,902 |
Cal-Maine Foods, Inc. | 1,346 | 65,174 |
HF Foods Group, Inc.* | 1,300 | 5,161 |
Hostess Brands, Inc.* | 4,400 | 146,564 |
Ingles Markets, Inc., Class A | 504 | 37,966 |
J & J Snack Foods Corp. | 502 | 82,152 |
John B Sanfilippo & Son, Inc. | 300 | 29,640 |
Krispy Kreme, Inc. | 2,900 | 36,163 |
Lancaster Colony Corp. | 677 | 111,725 |
Mission Produce, Inc.* | 1,400 | 13,552 |
Nathan's Famous, Inc. | 100 | 7,066 |
Natural Grocers by Vitamin Cottage, Inc. | 400 | 5,164 |
Seneca Foods Corp., Class A* | 211 | 11,358 |
SpartanNash Co. | 1,130 | 24,860 |
Sprouts Farmers Market, Inc.* | 3,500 | 149,800 |
SunOpta, Inc.* | 3,200 | 10,784 |
The Chefs' Warehouse, Inc.* | 1,150 | 24,357 |
The Hain Celestial Group, Inc.* | 3,200 | 33,184 |
The Simply Good Foods Co.* | 3,000 | 103,560 |
TreeHouse Foods, Inc.* | 1,800 | 78,444 |
United Natural Foods, Inc.* | 2,000 | 28,280 |
Utz Brands, Inc. | 2,300 | 30,889 |
Village Super Market, Inc., Class A | 268 | 6,068 |
Weis Markets, Inc. | 566 | 35,658 |
1,133,235 | ||
Food Service — 0.1% | ||
Sovos Brands, Inc.* | 1,700 | 38,335 |
Forest Products & Paper — 0.1% | ||
Glatfelter Corp.* | 1,359 | 2,718 |
Sylvamo Corp. | 1,200 | 52,728 |
55,446 | ||
Gas — 0.9% | ||
Brookfield Infrastructure Corp., Class A | 3,350 | 118,389 |
Chesapeake Utilities Corp. | 582 | 56,891 |
New Jersey Resources Corp. | 3,264 | 132,616 |
Northwest Natural Holding Co. | 1,250 | 47,700 |
ONE Gas, Inc. | 1,900 | 129,732 |
RGC Resources, Inc. | 300 | 5,190 |
Southwest Gas Holdings, Inc. | 2,068 | 124,928 |
Spire, Inc. | 1,756 | 99,354 |
714,800 | ||
Hand & Machine Tools — 0.4% | ||
Cadre Holdings, Inc. | 700 | 18,655 |
Enerpac Tool Group Corp. | 1,906 | 50,376 |
Franklin Electric Co., Inc. | 1,570 | 140,091 |
Kennametal, Inc. | 2,700 | 67,176 |
Luxfer Holdings PLC | 1,000 | 13,050 |
289,348 | ||
Healthcare Products — 3.4% | ||
Accuray, Inc.* | 3,500 | 9,520 |
Adaptive Biotechnologies Corp.* | 4,200 | 22,890 |
Number of Shares | Value† | |
Healthcare Products — (continued) | ||
Akoya Biosciences, Inc.* | 700 | $3,255 |
Alphatec Holdings, Inc.* | 2,700 | 35,019 |
AngioDynamics, Inc.* | 1,158 | 8,465 |
Artivion, Inc.* | 1,399 | 21,209 |
AtriCure, Inc.* | 1,600 | 70,080 |
Atrion Corp. | 48 | 19,832 |
Avanos Medical, Inc.* | 1,500 | 30,330 |
Avita Medical, Inc.* | 900 | 13,149 |
Axogen, Inc.* | 1,200 | 6,000 |
Axonics, Inc.* | 1,700 | 95,404 |
BioLife Solutions, Inc.* | 1,100 | 15,191 |
Butterfly Network, Inc.* | 4,700 | 5,546 |
CareDx, Inc.* | 1,700 | 11,900 |
Castle Biosciences, Inc.* | 900 | 15,201 |
Cerus Corp.* | 6,200 | 10,044 |
ClearPoint Neuro, Inc.* | 900 | 4,509 |
CONMED Corp. | 1,025 | 103,371 |
Cutera, Inc.* | 600 | 3,612 |
CVRx, Inc.* | 400 | 6,068 |
Embecta Corp. | 1,800 | 27,090 |
Glaukos Corp.* | 1,567 | 117,917 |
Haemonetics Corp.* | 1,679 | 150,405 |
Inari Medical, Inc.* | 1,800 | 117,720 |
InfuSystem Holdings, Inc.* | 700 | 6,748 |
Inmode Ltd.* | 2,600 | 79,196 |
Inogen, Inc.* | 900 | 4,698 |
Integer Holdings Corp.* | 1,109 | 86,979 |
iRadimed Corp. | 200 | 8,874 |
iRhythm Technologies, Inc.* | 1,025 | 96,616 |
KORU Medical Systems, Inc.* | 1,400 | 3,780 |
Lantheus Holdings, Inc.* | 2,306 | 160,221 |
LeMaitre Vascular, Inc. | 700 | 38,136 |
LivaNova PLC* | 1,800 | 95,184 |
MaxCyte, Inc.* | 3,100 | 9,672 |
Merit Medical Systems, Inc.* | 1,875 | 129,412 |
MiMedx Group, Inc.* | 3,700 | 26,973 |
NanoString Technologies, Inc.* | 1,500 | 2,580 |
Nautilus Biotechnology, Inc.* | 1,600 | 5,056 |
Neogen Corp.* | 7,338 | 136,046 |
Nevro Corp.* | 1,257 | 24,160 |
OmniAb, Inc.* | 2,479 | 12,866 |
Omnicell, Inc.* | 1,500 | 67,560 |
OraSure Technologies, Inc.* | 2,201 | 13,052 |
Orthofix Medical, Inc.* | 1,287 | 16,551 |
OrthoPediatrics Corp.* | 500 | 16,000 |
Pacific Biosciences of California, Inc.* | 8,700 | 72,645 |
Paragon 28, Inc.* | 1,300 | 16,315 |
Patterson Cos., Inc. | 3,000 | 88,920 |
PROCEPT BioRobotics Corp.* | 1,200 | 39,372 |
Pulmonx Corp.* | 1,300 | 13,429 |
Pulse Biosciences, Inc.* | 700 | 2,821 |
Quanterix Corp.* | 1,200 | 32,568 |
Quantum-Si, Inc.* | 3,000 | 4,980 |
RxSight, Inc.* | 900 | 25,101 |
Sanara Medtech, Inc.* | 100 | 3,113 |
10
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Healthcare Products — (continued) | ||
Semler Scientific, Inc.* | 200 | $5,074 |
SI-BONE, Inc.* | 1,100 | 23,364 |
Silk Road Medical, Inc.* | 1,300 | 19,487 |
SomaLogic, Inc.* | 4,900 | 11,711 |
STAAR Surgical Co.* | 1,617 | 64,971 |
Surmodics, Inc.* | 473 | 15,179 |
Tactile Systems Technology, Inc.* | 900 | 12,645 |
TransMedics Group, Inc.* | 1,100 | 60,225 |
Treace Medical Concepts, Inc.* | 1,600 | 20,976 |
UFP Technologies, Inc.* | 226 | 36,488 |
Utah Medical Products, Inc. | 100 | 8,600 |
Varex Imaging Corp.* | 1,300 | 24,427 |
Vicarious Surgical, Inc.* | 1,800 | 1,063 |
Zimvie, Inc.* | 700 | 6,587 |
Zynex, Inc.* | 660 | 5,280 |
2,579,428 | ||
Healthcare Services — 1.3% | ||
23andMe Holding Co., Class A* | 8,800 | 8,604 |
Accolade, Inc.* | 2,200 | 23,276 |
Addus HomeCare Corp.* | 500 | 42,595 |
Agiliti, Inc.* | 1,100 | 7,139 |
American Well Corp., Class A* | 8,000 | 9,360 |
Aveanna Healthcare Holdings, Inc.* | 1,400 | 1,666 |
Brookdale Senior Living, Inc.* | 6,300 | 26,082 |
Cano Health, Inc.* | 10,300 | 2,612 |
CareMax, Inc.* | 1,900 | 4,028 |
Community Health Systems, Inc.* | 4,100 | 11,890 |
DocGo, Inc.* | 2,400 | 12,792 |
Enhabit, Inc.* | 1,800 | 20,250 |
Fulgent Genetics, Inc.* | 700 | 18,718 |
HealthEquity, Inc.* | 2,800 | 204,540 |
Innovage Holding Corp.* | 700 | 4,193 |
Invitae Corp.* | 8,500 | 5,144 |
LifeStance Health Group, Inc.* | 3,800 | 26,106 |
ModivCare, Inc.* | 400 | 12,604 |
Nano-X Imaging Ltd.* | 1,700 | 11,152 |
National HealthCare Corp. | 406 | 25,976 |
OPKO Health, Inc.* | 14,501 | 23,202 |
Oscar Health, Inc., Class A* | 4,900 | 27,293 |
P3 Health Partners, Inc.* | 800 | 1,176 |
Pediatrix Medical Group, Inc.* | 2,900 | 36,859 |
Quipt Home Medical Corp.* | 1,600 | 8,144 |
RadNet, Inc.* | 2,000 | 56,380 |
Select Medical Holdings Corp. | 3,500 | 88,445 |
Surgery Partners, Inc.* | 2,200 | 64,350 |
The Ensign Group, Inc. | 1,880 | 174,708 |
The Joint Corp.* | 500 | 4,495 |
The Pennant Group, Inc.* | 1,140 | 12,688 |
Thorne HealthTech, Inc.* | 500 | 5,095 |
U.S. Physical Therapy, Inc. | 455 | 41,737 |
Viemed Healthcare, Inc.* | 1,300 | 8,749 |
1,032,048 | ||
Home Builders — 1.8% | ||
Beazer Homes USA, Inc.* | 924 | 23,017 |
Number of Shares | Value† | |
Home Builders — (continued) | ||
Cavco Industries, Inc.* | 292 | $77,573 |
Century Communities, Inc. | 1,000 | 66,780 |
Dream Finders Homes, Inc., Class A* | 700 | 15,561 |
Forestar Group, Inc.* | 560 | 15,086 |
Green Brick Partners, Inc.* | 900 | 37,359 |
Hovnanian Enterprises, Inc., Class A* | 200 | 20,332 |
Installed Building Products, Inc. | 793 | 99,038 |
KB Home | 2,500 | 115,700 |
Landsea Homes Corp.* | 300 | 2,697 |
LCI Industries | 891 | 104,621 |
LGI Homes, Inc.* | 709 | 70,538 |
M/I Homes, Inc.* | 936 | 78,661 |
MDC Holdings, Inc. | 1,959 | 80,770 |
Meritage Homes Corp. | 1,290 | 157,883 |
Skyline Champion Corp.* | 1,800 | 114,696 |
Taylor Morrison Home Corp.* | 3,500 | 149,135 |
Tri Pointe Homes, Inc.* | 3,300 | 90,255 |
Winnebago Industries, Inc. | 1,022 | 60,758 |
1,380,460 | ||
Home Furnishings — 0.3% | ||
Daktronics, Inc.* | 1,500 | 13,380 |
Ethan Allen Interiors, Inc. | 828 | 24,757 |
Hooker Furnishings Corp. | 400 | 7,780 |
iRobot Corp.* | 871 | 33,011 |
MillerKnoll, Inc. | 2,628 | 64,255 |
Purple Innovation, Inc. | 1,700 | 2,907 |
Sleep Number Corp.* | 772 | 18,983 |
Snap One Holdings Corp.* | 400 | 3,696 |
Sonos, Inc.* | 4,200 | 54,222 |
The Lovesac Co.* | 400 | 7,968 |
Traeger, Inc.* | 700 | 1,911 |
Vizio Holding Corp., Class A* | 2,200 | 11,902 |
VOXX International Corp.* | 600 | 4,788 |
Xperi, Inc.* | 1,501 | 14,800 |
264,360 | ||
Household Products & Wares — 0.4% | ||
ACCO Brands Corp. | 2,893 | 16,606 |
Central Garden & Pet Co.* | 300 | 13,242 |
Central Garden & Pet Co., Class A* | 1,402 | 56,206 |
Helen of Troy Ltd.* | 817 | 95,230 |
Quanex Building Products Corp. | 1,025 | 28,874 |
WD-40 Co. | 454 | 92,271 |
302,429 | ||
Insurance — 2.2% | ||
Ambac Financial Group, Inc.* | 1,500 | 18,090 |
American Coastal Insurance Corp.* | 900 | 6,624 |
American Equity Investment Life Holding Co. | 2,576 | 138,177 |
AMERISAFE, Inc. | 608 | 30,442 |
Argo Group International Holdings Ltd. | 1,132 | 33,779 |
BRP Group, Inc., Class A* | 2,100 | 48,783 |
CNO Financial Group, Inc. | 3,793 | 90,008 |
Crawford & Co., Class A | 700 | 6,538 |
11
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Insurance — (continued) | ||
Donegal Group, Inc., Class A | 383 | $5,460 |
eHealth, Inc.* | 720 | 5,328 |
Employers Holdings, Inc. | 882 | 35,236 |
Enstar Group Ltd.* | 399 | 96,558 |
Essent Group Ltd. | 3,500 | 165,515 |
F&G Annuities & Life, Inc. | 700 | 19,642 |
Fidelis Insurance Holdings Ltd.* | 500 | 7,340 |
Genworth Financial, Inc., Class A* | 16,200 | 94,932 |
GoHealth, Inc., Class A* | 200 | 2,898 |
Goosehead Insurance, Inc., Class A* | 700 | 52,171 |
Greenlight Capital Re Ltd., Class A* | 728 | 7,819 |
HCI Group, Inc. | 200 | 10,858 |
Hippo Holdings, Inc.* | 132 | 1,052 |
Horace Mann Educators Corp. | 1,380 | 40,544 |
Investors Title Co. | 39 | 5,775 |
Jackson Financial, Inc., Class A | 2,700 | 103,194 |
James River Group Holdings Ltd. | 1,300 | 19,955 |
Kingsway Financial Services, Inc.* | 500 | 3,775 |
Lemonade, Inc.* | 1,700 | 19,754 |
Maiden Holdings Ltd.* | 3,600 | 6,336 |
MBIA, Inc.* | 1,700 | 12,257 |
Mercury General Corp. | 900 | 25,227 |
National Western Life Group, Inc., Class A | 74 | 32,374 |
NI Holdings, Inc.* | 200 | 2,574 |
NMI Holdings, Inc., Class A* | 2,700 | 73,143 |
Palomar Holdings, Inc.* | 800 | 40,600 |
ProAssurance Corp. | 1,800 | 34,002 |
Safety Insurance Group, Inc. | 482 | 32,868 |
Selective Insurance Group, Inc. | 2,075 | 214,078 |
Selectquote, Inc.* | 4,300 | 5,031 |
SiriusPoint Ltd.* | 3,000 | 30,510 |
Skyward Specialty Insurance Group, Inc.* | 800 | 21,888 |
Stewart Information Services Corp. | 908 | 39,770 |
Tiptree, Inc. | 700 | 11,732 |
Trupanion, Inc.* | 1,329 | 37,478 |
United Fire Group, Inc. | 680 | 13,430 |
Universal Insurance Holdings, Inc. | 951 | 13,333 |
1,716,878 | ||
Internet — 1.7% | ||
1-800-Flowers.com, Inc., Class A* | 937 | 6,559 |
Allbirds, Inc., Class A* | 3,100 | 3,441 |
BARK, Inc.* | 3,200 | 3,840 |
Blade Air Mobility, Inc.* | 1,800 | 4,662 |
Bumble, Inc., Class A* | 3,500 | 52,220 |
Cargurus, Inc.* | 3,200 | 56,064 |
CarParts.com, Inc.* | 1,600 | 6,592 |
Cars.com, Inc.* | 2,200 | 37,092 |
Cogent Communications Holdings, Inc. | 1,419 | 87,836 |
ContextLogic, Inc., Class A* | 620 | 2,734 |
Couchbase, Inc.* | 1,100 | 18,876 |
DHI Group, Inc.* | 1,400 | 4,284 |
Number of Shares | Value† | |
Internet — (continued) | ||
Entravision Communications Corp., Class A | 2,500 | $9,125 |
ePlus, Inc.* | 942 | 59,836 |
Eventbrite, Inc., Class A* | 2,800 | 27,608 |
EverQuote, Inc., Class A* | 700 | 5,061 |
Figs, Inc., Class A* | 4,200 | 24,780 |
fuboTV, Inc.* | 10,400 | 27,768 |
Gambling.com Group Ltd.* | 300 | 3,924 |
Grindr, Inc.* | 1,600 | 9,200 |
HealthStream, Inc. | 900 | 19,422 |
Hims & Hers Health, Inc.* | 3,800 | 23,902 |
Lands' End, Inc.* | 500 | 3,735 |
Liquidity Services, Inc.* | 735 | 12,951 |
Magnite, Inc.* | 4,706 | 35,483 |
MediaAlpha, Inc., Class A* | 247 | 2,040 |
Mondee Holdings, Inc.* | 1,700 | 6,069 |
Nerdy, Inc.* | 1,800 | 6,660 |
Nextdoor Holdings, Inc.* | 5,400 | 9,828 |
Open Lending Corp., Class A* | 3,100 | 22,692 |
Opendoor Technologies, Inc.* | 18,100 | 47,784 |
OptimizeRx Corp.* | 600 | 4,668 |
Overstock.com, Inc.* | 1,500 | 23,730 |
Perficient, Inc.* | 1,145 | 66,250 |
Q2 Holdings, Inc.* | 1,900 | 61,313 |
QuinStreet, Inc.* | 1,715 | 15,384 |
Revolve Group, Inc.* | 1,400 | 19,054 |
Rover Group, Inc.* | 3,000 | 18,780 |
Shutterstock, Inc. | 800 | 30,440 |
Solo Brands, Inc., Class A* | 500 | 2,550 |
Sprinklr, Inc., Class A* | 3,600 | 49,824 |
Squarespace, Inc., Class A* | 1,400 | 40,558 |
Stitch Fix, Inc., Class A* | 2,600 | 8,970 |
TechTarget, Inc.* | 900 | 27,324 |
TrueCar, Inc.* | 3,500 | 7,245 |
Tucows, Inc., Class A* | 300 | 6,123 |
Upwork, Inc.* | 4,100 | 46,576 |
Vivid Seats, Inc., Class A* | 800 | 5,136 |
Yelp, Inc.* | 2,200 | 91,498 |
Ziff Davis, Inc.* | 1,573 | 100,184 |
1,267,675 | ||
Investment Companies — 0.1% | ||
Cannae Holdings, Inc.* | 2,500 | 46,600 |
Compass Diversified Holdings | 2,100 | 39,417 |
FTAI Infrastructure, Inc. | 3,700 | 11,914 |
97,931 | ||
Iron & Steel — 0.7% | ||
ATI, Inc.* | 4,300 | 176,945 |
Carpenter Technology Corp. | 1,600 | 107,536 |
Commercial Metals Co. | 3,900 | 192,699 |
Haynes International, Inc. | 464 | 21,585 |
Schnitzer Steel Industries, Inc., Class A | 900 | 25,065 |
523,830 |
12
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Leisure Time — 0.5% | ||
Acushnet Holdings Corp. | 1,000 | $53,040 |
Bowlero Corp., Class A* | 800 | 7,696 |
Camping World Holdings, Inc., Class A | 1,400 | 28,574 |
Clarus Corp. | 902 | 6,819 |
Escalade, Inc. | 400 | 6,124 |
Global Business Travel Group I* | 1,200 | 6,600 |
Johnson Outdoors, Inc., Class A | 168 | 9,188 |
Life Time Group Holdings, Inc.* | 1,600 | 24,336 |
Lindblad Expeditions Holdings, Inc.* | 1,100 | 7,920 |
Livewire Group, Inc.* | 500 | 3,465 |
Malibu Boats, Inc., Class A* | 700 | 34,314 |
Marine Products Corp. | 188 | 2,671 |
MasterCraft Boat Holdings, Inc.* | 500 | 11,110 |
OneSpaWorld Holdings Ltd.* | 2,500 | 28,050 |
Topgolf Callaway Brands Corp.* | 5,046 | 69,837 |
Virgin Galactic Holdings, Inc.* | 8,800 | 15,840 |
Vista Outdoor, Inc.* | 1,900 | 62,928 |
Xponential Fitness, Inc., Class A* | 800 | 12,400 |
390,912 | ||
Lodging — 0.2% | ||
Bluegreen Vacations Holding Corp. | 400 | 14,672 |
Century Casinos, Inc.* | 1,100 | 5,643 |
Full House Resorts, Inc.* | 1,200 | 5,124 |
Hilton Grand Vacations, Inc.* | 2,700 | 109,890 |
The Marcus Corp. | 733 | 11,362 |
146,691 | ||
Machinery — Construction & Mining — 0.4% | ||
Argan, Inc. | 436 | 19,847 |
Astec Industries, Inc. | 798 | 37,594 |
Babcock & Wilcox Enterprises, Inc.* | 2,000 | 8,420 |
Bloom Energy Corp., Class A* | 6,400 | 84,864 |
Hyster-Yale Materials Handling, Inc. | 344 | 15,335 |
NuScale Power Corp.* | 1,500 | 7,350 |
Terex Corp. | 2,300 | 132,526 |
The Manitowoc Co., Inc.* | 1,325 | 19,941 |
Transphorm, Inc.* | 700 | 1,554 |
327,431 | ||
Machinery — Diversified — 2.0% | ||
Alamo Group, Inc. | 335 | 57,908 |
Albany International Corp., Class A | 1,032 | 89,041 |
Applied Industrial Technologies, Inc. | 1,282 | 198,210 |
Cactus, Inc., Class A | 2,200 | 110,462 |
Chart Industries, Inc.* | 1,462 | 247,253 |
CIRCOR International, Inc.* | 635 | 35,401 |
Columbus McKinnon Corp. | 885 | 30,895 |
CSW Industrials, Inc. | 528 | 92,527 |
DXP Enterprises, Inc.* | 522 | 18,239 |
Eastman Kodak Co.* | 1,600 | 6,736 |
Gencor Industries, Inc.* | 400 | 5,652 |
GrafTech International Ltd. | 6,600 | 25,278 |
Ichor Holdings Ltd.* | 1,000 | 30,960 |
Intevac, Inc.* | 1,100 | 3,421 |
Kadant, Inc. | 402 | 90,671 |
Number of Shares | Value† | |
Machinery — Diversified — (continued) | ||
Lindsay Corp. | 388 | $45,660 |
Mueller Water Products, Inc., Class A | 5,192 | 65,835 |
Tennant Co. | 636 | 47,159 |
The Gorman-Rupp Co. | 751 | 24,708 |
Thermon Group Holdings, Inc.* | 1,100 | 30,217 |
Watts Water Technologies, Inc., Class A | 917 | 158,476 |
Zurn Elkay Water Solutions Corp. | 5,000 | 140,100 |
1,554,809 | ||
Media — 0.4% | ||
AMC Networks, Inc., Class A* | 1,000 | 11,780 |
Gannett Co., Inc.* | 4,253 | 10,420 |
Gray Television, Inc. | 3,000 | 20,760 |
iHeartMedia, Inc., Class A* | 2,900 | 9,164 |
Liberty Latin America Ltd., Class A* | 1,400 | 11,424 |
Liberty Latin America Ltd., Class C* | 4,752 | 38,776 |
Scholastic Corp. | 956 | 36,462 |
Sinclair, Inc. | 1,000 | 11,220 |
TEGNA, Inc. | 6,800 | 99,076 |
The E.W. Scripps Co., Class A* | 2,229 | 12,215 |
Thryv Holdings, Inc.* | 1,000 | 18,770 |
Townsquare Media, Inc., Class A | 500 | 4,360 |
Urban One, Inc.* | 600 | 3,012 |
WideOpenWest, Inc.* | 1,800 | 13,770 |
301,209 | ||
Metal Fabricate/Hardware — 0.8% | ||
AZZ, Inc. | 876 | 39,928 |
Helios Technologies, Inc. | 1,159 | 64,301 |
Hillman Solutions Corp.* | 6,600 | 54,450 |
Janus International Group, Inc.* | 2,700 | 28,890 |
Mayville Engineering Co., Inc.* | 400 | 4,388 |
Mueller Industries, Inc. | 1,888 | 141,902 |
Northwest Pipe Co.* | 300 | 9,051 |
Olympic Steel, Inc. | 331 | 18,605 |
Omega Flex, Inc. | 124 | 9,763 |
Park-Ohio Holdings Corp. | 300 | 5,973 |
Proto Labs, Inc.* | 899 | 23,734 |
Ryerson Holding Corp. | 700 | 20,363 |
Standex International Corp. | 400 | 58,276 |
TimkenSteel Corp.* | 1,400 | 30,408 |
Tredegar Corp. | 761 | 4,117 |
Worthington Industries, Inc. | 1,084 | 67,013 |
Xometry, Inc., Class A* | 1,200 | 20,376 |
601,538 | ||
Mining — 0.7% | ||
5E Advanced Materials, Inc.* | 1,100 | 2,486 |
Caledonia Mining Corp. PLC | 600 | 5,916 |
Centrus Energy Corp., Class A* | 400 | 22,704 |
Century Aluminum Co.* | 1,754 | 12,611 |
Coeur Mining, Inc.* | 10,028 | 22,262 |
Compass Minerals International, Inc. | 1,200 | 33,540 |
Constellium S.E.* | 4,400 | 80,080 |
Contango ORE, Inc.* | 200 | 3,628 |
Dakota Gold Corp.* | 1,700 | 4,386 |
13
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Mining — (continued) | ||
Encore Energy Corp.* | 5,300 | $17,278 |
Energy Fuels, Inc.* | 5,400 | 44,388 |
Ferroglobe PLC(1),* | 2,414 | 0 |
Hecla Mining Co. | 20,091 | 78,556 |
i-80 Gold Corp.* | 7,200 | 11,016 |
Ivanhoe Electric, Inc.* | 1,800 | 21,420 |
Kaiser Aluminum Corp. | 516 | 38,834 |
Novagold Resources, Inc.* | 8,400 | 32,256 |
Perpetua Resources Corp.* | 1,500 | 4,890 |
Piedmont Lithium, Inc.* | 600 | 23,820 |
PolyMet Mining Corp.* | 1,700 | 3,536 |
United States Lime & Minerals, Inc. | 65 | 13,065 |
Uranium Energy Corp.* | 11,900 | 61,285 |
537,957 | ||
Miscellaneous Manufacturing — 1.2% | ||
AMMO, Inc.* | 3,600 | 7,272 |
Chase Corp. | 261 | 33,207 |
Core Molding Technologies, Inc.* | 300 | 8,547 |
EnPro Industries, Inc. | 717 | 86,893 |
Fabrinet* | 1,300 | 216,606 |
Federal Signal Corp. | 2,043 | 122,028 |
Hillenbrand, Inc. | 2,344 | 99,175 |
John Bean Technologies Corp. | 1,100 | 115,654 |
LSB Industries, Inc.* | 2,000 | 20,460 |
Materion Corp. | 657 | 66,955 |
Myers Industries, Inc. | 1,325 | 23,757 |
NL Industries, Inc. | 90 | 428 |
Park Aerospace Corp. | 833 | 12,937 |
Sight Sciences, Inc.* | 900 | 3,033 |
Smith & Wesson Brands, Inc. | 1,579 | 20,385 |
Sturm Ruger & Co., Inc. | 619 | 32,262 |
Trinity Industries, Inc. | 2,800 | 68,180 |
937,779 | ||
Multi-National — 0.0% | ||
Banco Latinoamericano de Comercio Exterior S.A., Class E | 910 | 19,292 |
Office & Business Equipment — 0.1% | ||
Pitney Bowes, Inc. | 6,000 | 18,120 |
Xerox Holdings Corp. | 3,800 | 59,622 |
77,742 | ||
Office Furnishings — 0.1% | ||
HNI Corp. | 1,504 | 52,084 |
Interface, Inc. | 1,995 | 19,571 |
Steelcase, Inc., Class A | 3,131 | 34,973 |
106,628 | ||
Oil & Gas — 5.2% | ||
Amplify Energy Corp.* | 1,200 | 8,820 |
Berry Corp. | 2,500 | 20,500 |
Borr Drilling Ltd.* | 7,500 | 53,250 |
California Resources Corp. | 2,400 | 134,424 |
Callon Petroleum Co.* | 2,000 | 78,240 |
Chord Energy Corp. | 1,404 | 227,546 |
Number of Shares | Value† | |
Oil & Gas — (continued) | ||
Civitas Resources, Inc. | 2,294 | $185,516 |
CNX Resources Corp.* | 5,500 | 124,190 |
Cobalt International Energy, Inc.(1),* | 1 | 0 |
Comstock Resources, Inc. | 3,200 | 35,296 |
Crescent Energy, Inc., Class A | 1,120 | 14,157 |
CVR Energy, Inc. | 1,000 | 34,030 |
Delek US Holdings, Inc. | 2,183 | 62,019 |
Denbury, Inc.* | 1,700 | 166,617 |
Diamond Offshore Drilling, Inc.* | 3,400 | 49,912 |
Earthstone Energy, Inc., Class A* | 1,900 | 38,456 |
Empire Petroleum Corp.* | 200 | 1,926 |
Evolution Petroleum Corp. | 1,200 | 8,208 |
Granite Ridge Resources, Inc. | 1,000 | 6,100 |
Gulfport Energy Corp.* | 400 | 47,464 |
Helmerich & Payne, Inc. | 3,300 | 139,128 |
HighPeak Energy, Inc. | 200 | 3,376 |
Kosmos Energy Ltd.* | 15,300 | 125,154 |
Magnolia Oil & Gas Corp., Class A | 6,100 | 139,751 |
Matador Resources Co. | 3,800 | 226,024 |
Murphy Oil Corp. | 5,000 | 226,750 |
Nabors Industries Ltd.* | 315 | 38,789 |
Noble Corp. PLC | 3,800 | 192,470 |
Northern Oil & Gas, Inc. | 2,800 | 112,644 |
Par Pacific Holdings, Inc.* | 1,818 | 65,339 |
Patterson-UTI Energy, Inc. | 11,781 | 163,049 |
PBF Energy, Inc., Class A | 3,800 | 203,414 |
Permian Resources Corp. | 9,500 | 132,620 |
Riley Exploration Permian, Inc. | 200 | 6,358 |
Ring Energy, Inc.* | 2,800 | 5,460 |
SandRidge Energy, Inc. | 1,000 | 15,660 |
Seadrill Ltd.* | 1,700 | 76,143 |
SilverBow Resources, Inc.* | 600 | 21,462 |
Sitio Royalties Corp., Class A | 2,714 | 65,706 |
SM Energy Co. | 4,000 | 158,600 |
Talos Energy, Inc.* | 3,700 | 60,828 |
Tellurian, Inc.* | 17,900 | 20,764 |
VAALCO Energy, Inc. | 4,100 | 17,999 |
Valaris Ltd.* | 2,100 | 157,458 |
Vertex Energy, Inc.* | 1,800 | 8,010 |
Vital Energy, Inc.* | 600 | 33,252 |
Vitesse Energy, Inc. | 900 | 20,601 |
W&T Offshore, Inc.* | 3,543 | 15,518 |
Weatherford International PLC* | 2,400 | 216,792 |
3,965,790 | ||
Oil & Gas Services — 1.5% | ||
Archrock, Inc. | 4,700 | 59,220 |
Aris Water Solutions, Inc., Class A | 900 | 8,982 |
Atlas Energy Solutions, Inc., Class A | 600 | 13,338 |
Bristow Group, Inc.* | 766 | 21,578 |
ChampionX Corp. | 6,700 | 238,654 |
Core Laboratories, Inc. | 1,500 | 36,015 |
DMC Global, Inc.* | 600 | 14,682 |
Dril-Quip, Inc.* | 1,200 | 33,804 |
Expro Group Holdings N.V.* | 2,916 | 67,739 |
14
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Oil & Gas Services — (continued) | ||
Forum Energy Technologies, Inc.* | 400 | $9,608 |
Helix Energy Solutions Group, Inc.* | 4,801 | 53,627 |
KLX Energy Services Holdings, Inc.* | 500 | 5,925 |
Kodiak Gas Services, Inc.* | 500 | 8,940 |
Liberty Energy, Inc. | 5,700 | 105,564 |
Mammoth Energy Services, Inc.* | 1,000 | 4,640 |
Newpark Resources, Inc.* | 2,712 | 18,740 |
NOW, Inc.* | 3,800 | 45,106 |
Oceaneering International, Inc.* | 3,400 | 87,448 |
Oil States International, Inc.* | 2,000 | 16,740 |
ProFrac Holding Corp., Class A* | 900 | 9,792 |
ProPetro Holding Corp.* | 3,200 | 34,016 |
Ranger Energy Services, Inc. | 600 | 8,508 |
RPC, Inc. | 2,800 | 25,032 |
Select Water Solutions, Inc., Class A | 2,700 | 21,465 |
Solaris Oilfield Infrastructure, Inc., Class A | 1,100 | 11,726 |
TETRA Technologies, Inc.* | 4,400 | 28,072 |
Tidewater, Inc.* | 1,600 | 113,712 |
US Silica Holdings, Inc.* | 2,700 | 37,908 |
1,140,581 | ||
Packaging and Containers — 0.3% | ||
Clearwater Paper Corp.* | 578 | 20,953 |
Greif, Inc., Class A | 800 | 53,448 |
Greif, Inc., Class B | 200 | 13,312 |
Karat Packaging, Inc. | 100 | 2,306 |
O-I Glass, Inc.* | 5,400 | 90,342 |
Pactiv Evergreen, Inc. | 1,100 | 8,943 |
Ranpak Holdings Corp.* | 1,200 | 6,528 |
TriMas Corp. | 1,495 | 37,016 |
232,848 | ||
Pharmaceuticals — 2.7% | ||
ACELYRIN, Inc.* | 1,100 | 11,187 |
Aclaris Therapeutics, Inc.* | 2,100 | 14,385 |
AdaptHealth Corp.* | 3,500 | 31,850 |
Agios Pharmaceuticals, Inc.* | 1,800 | 44,550 |
Alector, Inc.* | 1,900 | 12,312 |
Alkermes PLC* | 5,600 | 156,856 |
Amneal Pharmaceuticals, Inc.* | 4,637 | 19,568 |
Amphastar Pharmaceuticals, Inc.* | 1,300 | 59,787 |
Amylyx Pharmaceuticals, Inc.* | 1,800 | 32,958 |
Anika Therapeutics, Inc.* | 600 | 11,178 |
Arvinas, Inc.* | 1,700 | 33,388 |
Assertio Holdings, Inc.* | 2,100 | 5,376 |
BellRing Brands, Inc.* | 4,500 | 185,535 |
Beyond Air, Inc.* | 1,000 | 2,310 |
Biote Corp., Class A* | 600 | 3,072 |
Bioxcel Therapeutics, Inc.* | 600 | 1,518 |
Catalyst Pharmaceuticals, Inc.* | 3,200 | 37,408 |
Citius Pharmaceuticals, Inc.* | 5,000 | 3,422 |
Coherus Biosciences, Inc.* | 2,700 | 10,098 |
Collegium Pharmaceutical, Inc.* | 1,100 | 24,585 |
Corcept Therapeutics, Inc.* | 2,700 | 73,561 |
CorMedix, Inc.* | 1,700 | 6,290 |
Number of Shares | Value† | |
Pharmaceuticals — (continued) | ||
Eagle Pharmaceuticals, Inc.* | 400 | $6,308 |
Enanta Pharmaceuticals, Inc.* | 700 | 7,819 |
Enliven Therapeutics, Inc.* | 900 | 12,294 |
Fennec Pharmaceuticals, Inc.* | 700 | 5,257 |
Foghorn Therapeutics, Inc.* | 800 | 4,000 |
Gritstone bio, Inc.* | 3,400 | 5,848 |
Harmony Biosciences Holdings, Inc.* | 1,100 | 36,047 |
Harrow, Inc.* | 1,000 | 14,370 |
Herbalife Ltd.* | 3,400 | 47,566 |
Heron Therapeutics, Inc.* | 3,800 | 3,914 |
Immuneering Corp., Class A* | 800 | 6,144 |
Ironwood Pharmaceuticals, Inc.* | 4,861 | 46,811 |
KalVista Pharmaceuticals, Inc.* | 800 | 7,704 |
Kura Oncology, Inc.* | 2,300 | 20,976 |
Longboard Pharmaceuticals, Inc.* | 600 | 3,336 |
Lyell Immunopharma, Inc.* | 6,000 | 8,820 |
Madrigal Pharmaceuticals, Inc.* | 454 | 66,302 |
MannKind Corp.* | 8,701 | 35,935 |
Marinus Pharmaceuticals, Inc.* | 1,800 | 14,490 |
Mirum Pharmaceuticals, Inc.* | 800 | 25,280 |
Morphic Holding, Inc.* | 1,200 | 27,492 |
Nature's Sunshine Products, Inc.* | 500 | 8,285 |
Nuvectis Pharma, Inc.* | 300 | 3,867 |
Ocular Therapeutix, Inc.* | 2,700 | 8,478 |
Optinose, Inc.* | 3,300 | 4,059 |
Option Care Health, Inc.* | 5,702 | 184,460 |
ORIC Pharmaceuticals, Inc.* | 1,500 | 9,075 |
Outlook Therapeutics, Inc.* | 6,900 | 1,525 |
Owens & Minor, Inc.* | 2,576 | 41,628 |
Pacira BioSciences, Inc.* | 1,600 | 49,088 |
PetIQ, Inc.* | 1,000 | 19,700 |
Phibro Animal Health Corp., Class A | 700 | 8,939 |
PMV Pharmaceuticals, Inc.* | 1,400 | 8,596 |
Prestige Consumer Healthcare, Inc.* | 1,672 | 95,622 |
Protagonist Therapeutics, Inc.* | 1,800 | 30,024 |
Reneo Pharmaceuticals, Inc.* | 400 | 3,046 |
Revance Therapeutics, Inc.* | 2,900 | 33,263 |
Rhythm Pharmaceuticals, Inc.* | 1,700 | 38,973 |
scPharmaceuticals, Inc.* | 1,100 | 7,832 |
Seres Therapeutics, Inc.* | 3,600 | 8,568 |
SIGA Technologies, Inc. | 1,700 | 8,925 |
Summit Therapeutics, Inc.* | 4,400 | 8,228 |
Supernus Pharmaceuticals, Inc.* | 1,700 | 46,869 |
Taro Pharmaceutical Industries Ltd.* | 300 | 11,313 |
Trevi Therapeutics, Inc.* | 1,800 | 3,924 |
USANA Health Sciences, Inc.* | 348 | 20,396 |
Vanda Pharmaceuticals, Inc.* | 1,941 | 8,385 |
Vaxcyte, Inc.* | 3,100 | 158,038 |
Verrica Pharmaceuticals, Inc.* | 900 | 3,497 |
Voyager Therapeutics, Inc.* | 1,200 | 9,300 |
Xeris Biopharma Holdings, Inc.* | 4,300 | 7,998 |
Y-mAbs Therapeutics, Inc.* | 1,200 | 6,540 |
2,046,348 |
15
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Pipelines — 0.3% | ||
Equitrans Midstream Corp. | 14,600 | $136,802 |
Excelerate Energy, Inc., Class A | 600 | 10,224 |
Golar LNG Ltd. | 3,500 | 84,910 |
Kinetik Holdings, Inc. | 600 | 20,250 |
NextDecade Corp.* | 1,000 | 5,120 |
257,306 | ||
Private Equity — 0.1% | ||
P10, Inc., Class A | 1,600 | 18,640 |
Patria Investments Ltd., Class A | 2,000 | 29,160 |
47,800 | ||
Real Estate — 0.6% | ||
Anywhere Real Estate, Inc.* | 3,900 | 25,077 |
Compass, Inc., Class A* | 10,200 | 29,580 |
Cushman & Wakefield PLC* | 5,500 | 41,910 |
Douglas Elliman, Inc. | 2,549 | 5,761 |
eXp World Holdings, Inc. | 2,400 | 38,976 |
FRP Holdings, Inc.* | 169 | 9,121 |
Kennedy-Wilson Holdings, Inc. | 4,081 | 60,154 |
Legacy Housing Corp.* | 300 | 5,823 |
Marcus & Millichap, Inc. | 800 | 23,472 |
Maui Land & Pineapple Co., Inc.* | 300 | 3,975 |
McGrath RentCorp | 853 | 85,504 |
Newmark Group, Inc., Class A | 4,400 | 28,292 |
RE/MAX Holdings, Inc., Class A | 600 | 7,764 |
Redfin Corp.* | 3,800 | 26,752 |
Star Holdings* | 446 | 5,584 |
Stratus Properties, Inc.* | 200 | 5,480 |
The RMR Group, Inc., Class A | 467 | 11,451 |
The St. Joe Co. | 1,200 | 65,196 |
479,872 | ||
Real Estate Investment Trusts — 0.1% | ||
Claros Mortgage Trust, Inc. | 2,900 | 32,132 |
Safehold, Inc.* | 1,435 | 25,543 |
57,675 | ||
Retail — 3.9% | ||
Abercrombie & Fitch Co., Class A* | 1,600 | 90,192 |
Academy Sports & Outdoors, Inc. | 2,500 | 118,175 |
American Eagle Outfitters, Inc. | 6,100 | 101,321 |
America's Car-Mart, Inc.* | 190 | 17,288 |
Arko Corp. | 3,000 | 21,450 |
Asbury Automotive Group, Inc.* | 696 | 160,129 |
Beacon Roofing Supply, Inc.* | 1,781 | 137,440 |
Big 5 Sporting Goods Corp. | 700 | 4,907 |
Big Lots, Inc. | 1,100 | 5,621 |
Biglari Holdings, Inc., Class B* | 10 | 1,660 |
BJ's Restaurants, Inc.* | 820 | 19,237 |
Bloomin' Brands, Inc. | 3,000 | 73,770 |
BlueLinx Holdings, Inc.* | 300 | 24,627 |
Boot Barn Holdings, Inc.* | 1,000 | 81,190 |
Brinker International, Inc.* | 1,500 | 47,385 |
Build-A-Bear Workshop, Inc. | 500 | 14,705 |
Caleres, Inc. | 1,254 | 36,065 |
Carrols Restaurant Group, Inc.* | 1,500 | 9,885 |
Number of Shares | Value† | |
Retail — (continued) | ||
Carvana Co.* | 3,200 | $134,336 |
Chico's FAS, Inc.* | 4,000 | 29,920 |
Chuy's Holdings, Inc.* | 600 | 21,348 |
Clean Energy Fuels Corp.* | 6,000 | 22,980 |
Cracker Barrel Old Country Store, Inc. | 734 | 49,325 |
Dave & Buster's Entertainment, Inc.* | 1,200 | 44,484 |
Denny's Corp.* | 1,952 | 16,533 |
Designer Brands, Inc., Class A | 1,900 | 24,054 |
Destination XL Group, Inc.* | 2,000 | 8,960 |
Dillard's, Inc., Class A | 116 | 38,374 |
Dine Brands Global, Inc. | 571 | 28,236 |
Duluth Holdings, Inc., Class B* | 200 | 1,202 |
El Pollo Loco Holdings, Inc. | 600 | 5,370 |
EVgo, Inc.* | 2,200 | 7,436 |
Fiesta Restaurant Group, Inc.* | 700 | 5,922 |
First Watch Restaurant Group, Inc.* | 500 | 8,645 |
FirstCash Holdings, Inc. | 1,239 | 124,371 |
Foot Locker, Inc. | 2,800 | 48,580 |
Genesco, Inc.* | 295 | 9,092 |
GMS, Inc.* | 1,400 | 89,558 |
Group 1 Automotive, Inc. | 466 | 125,219 |
GrowGeneration Corp.* | 1,800 | 5,256 |
Guess?, Inc. | 900 | 19,476 |
Haverty Furniture Cos., Inc. | 550 | 15,829 |
Hibbett, Inc. | 455 | 21,617 |
J Jill, Inc.* | 200 | 5,920 |
Jack in the Box, Inc. | 714 | 49,309 |
Kura Sushi USA, Inc., Class A* | 200 | 13,224 |
La-Z-Boy, Inc. | 1,462 | 45,147 |
Lazydays Holdings, Inc.* | 500 | 3,800 |
Leslie's, Inc.* | 5,700 | 32,262 |
MarineMax, Inc.* | 700 | 22,974 |
Movado Group, Inc. | 460 | 12,581 |
National Vision Holdings, Inc.* | 2,700 | 43,686 |
Noodles & Co.* | 1,200 | 2,952 |
Nu Skin Enterprises, Inc., Class A | 1,700 | 36,057 |
OneWater Marine, Inc., Class A* | 400 | 10,248 |
Papa John's International, Inc. | 1,110 | 75,724 |
Patrick Industries, Inc. | 675 | 50,665 |
PC Connection, Inc. | 365 | 19,484 |
PetMed Express, Inc. | 613 | 6,283 |
Portillo's, Inc., Class A* | 1,500 | 23,085 |
Potbelly Corp.* | 1,000 | 7,800 |
PriceSmart, Inc. | 831 | 61,851 |
Red Robin Gourmet Burgers, Inc.* | 600 | 4,824 |
Sally Beauty Holdings, Inc.* | 3,400 | 28,492 |
Savers Value Village, Inc.* | 800 | 14,936 |
Shake Shack, Inc., Class A* | 1,300 | 75,491 |
Shoe Carnival, Inc. | 516 | 12,399 |
Signet Jewelers Ltd. | 1,500 | 107,715 |
Sonic Automotive, Inc., Class A | 534 | 25,504 |
Sportsman's Warehouse Holdings, Inc.* | 1,300 | 5,837 |
Sweetgreen, Inc., Class A* | 3,200 | 37,600 |
The Buckle, Inc. | 1,049 | 35,026 |
The Cato Corp., Class A | 704 | 5,393 |
16
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Retail — (continued) | ||
The Cheesecake Factory, Inc. | 1,716 | $51,995 |
The Children's Place, Inc.* | 294 | 7,947 |
The ODP Corp.* | 1,170 | 53,995 |
The ONE Group Hospitality, Inc.* | 800 | 4,400 |
Tile Shop Holdings, Inc.* | 1,200 | 6,588 |
Tilly's, Inc., Class A* | 800 | 6,496 |
Vera Bradley, Inc.* | 1,100 | 7,271 |
Warby Parker, Inc., Class A* | 3,000 | 39,480 |
Winmark Corp. | 91 | 33,955 |
Zumiez, Inc.* | 503 | 8,953 |
2,968,519 | ||
Savings & Loans — 0.8% | ||
Axos Financial, Inc.* | 1,900 | 71,934 |
Banc of California, Inc. | 1,900 | 23,522 |
Berkshire Hills Bancorp, Inc. | 1,442 | 28,912 |
Brookline Bancorp, Inc. | 2,887 | 26,300 |
Capitol Federal Financial, Inc. | 4,400 | 20,988 |
ESSA Bancorp, Inc. | 400 | 6,004 |
Flushing Financial Corp. | 1,038 | 13,629 |
FS Bancorp, Inc. | 300 | 8,850 |
Greene County Bancorp, Inc. | 200 | 4,810 |
Home Bancorp, Inc. | 300 | 9,561 |
HomeTrust Bancshares, Inc. | 500 | 10,835 |
Northfield Bancorp, Inc. | 1,593 | 15,054 |
Northwest Bancshares, Inc. | 4,155 | 42,506 |
OceanFirst Financial Corp. | 1,810 | 26,191 |
Pacific Premier Bancorp, Inc. | 3,246 | 70,633 |
Provident Financial Services, Inc. | 2,474 | 37,827 |
Southern Missouri Bancorp, Inc. | 300 | 11,607 |
The Hingham Institution For Savings | 61 | 11,392 |
Timberland Bancorp, Inc. | 300 | 8,130 |
Washington Federal, Inc. | 2,200 | 56,364 |
Waterstone Financial, Inc. | 800 | 8,760 |
WSFS Financial Corp. | 2,074 | 75,701 |
589,510 | ||
Semiconductors — 2.8% | ||
ACM Research, Inc., Class A* | 1,600 | 28,968 |
Aehr Test Systems* | 900 | 41,130 |
Alpha & Omega Semiconductor Ltd.* | 700 | 20,888 |
Ambarella, Inc.* | 1,218 | 64,590 |
Amkor Technology, Inc. | 3,411 | 77,089 |
Atomera, Inc.* | 600 | 3,756 |
Axcelis Technologies, Inc.* | 1,093 | 178,214 |
CEVA, Inc.* | 871 | 16,889 |
Cohu, Inc.* | 1,524 | 52,486 |
Diodes, Inc.* | 1,499 | 118,181 |
FormFactor, Inc.* | 2,529 | 88,363 |
Impinj, Inc.* | 800 | 44,024 |
inTEST Corp.* | 400 | 6,068 |
Kulicke & Soffa Industries, Inc. | 1,900 | 92,397 |
MACOM Technology Solutions Holdings, Inc.* | 1,822 | 148,639 |
MaxLinear, Inc.* | 2,643 | 58,807 |
Navitas Semiconductor Corp.* | 3,700 | 25,715 |
Number of Shares | Value† | |
Semiconductors — (continued) | ||
Onto Innovation, Inc.* | 1,647 | $210,025 |
Photronics, Inc.* | 2,092 | 42,279 |
Power Integrations, Inc. | 1,903 | 145,218 |
Rambus, Inc.* | 3,623 | 202,127 |
Richardson Electronics Ltd. | 500 | 5,465 |
Semtech Corp.* | 2,209 | 56,882 |
Silicon Laboratories, Inc.* | 1,063 | 123,191 |
SiTime Corp.* | 591 | 67,522 |
SkyWater Technology, Inc.* | 300 | 1,806 |
SMART Global Holdings, Inc.* | 1,600 | 38,960 |
Synaptics, Inc.* | 1,320 | 118,061 |
Ultra Clean Holdings, Inc.* | 1,400 | 41,538 |
Veeco Instruments, Inc.* | 1,654 | 46,494 |
Vishay Precision Group, Inc.* | 400 | 13,432 |
2,179,204 | ||
Software — 5.7% | ||
8X8, Inc.* | 3,700 | 9,324 |
ACI Worldwide, Inc.* | 3,627 | 81,825 |
ACV Auctions, Inc., Class A* | 4,300 | 65,274 |
Adeia, Inc. | 3,753 | 40,082 |
Agilysys, Inc.* | 676 | 44,724 |
Alignment Healthcare, Inc.* | 2,700 | 18,738 |
Alkami Technology, Inc.* | 1,400 | 25,508 |
Altair Engineering, Inc., Class A* | 1,800 | 112,608 |
American Software, Inc., Class A | 1,093 | 12,526 |
Amplitude, Inc., Class A* | 2,100 | 24,297 |
Apollo Medical Holdings, Inc.* | 1,400 | 43,190 |
Appfolio, Inc., Class A* | 642 | 117,248 |
Appian Corp., Class A* | 1,375 | 62,714 |
Asana, Inc., Class A* | 2,600 | 47,606 |
Asure Software, Inc.* | 700 | 6,622 |
AvePoint, Inc.* | 5,000 | 33,600 |
Avid Technology, Inc.* | 1,100 | 29,557 |
AvidXchange Holdings, Inc.* | 5,000 | 47,400 |
Bandwidth, Inc., Class A* | 739 | 8,329 |
BigCommerce Holdings, Inc.* | 2,100 | 20,727 |
Blackbaud, Inc.* | 1,450 | 101,964 |
BlackLine, Inc.* | 1,939 | 107,556 |
Box, Inc., Class A* | 4,700 | 113,787 |
Braze, Inc., Class A* | 1,800 | 84,114 |
Brightcove, Inc.* | 1,200 | 3,948 |
C3.ai, Inc., Class A* | 1,900 | 48,488 |
Cardlytics, Inc.* | 1,100 | 18,150 |
Cerence, Inc.* | 1,400 | 28,518 |
Clear Secure, Inc., Class A | 2,800 | 53,312 |
Climb Global Solutions, Inc. | 100 | 4,301 |
CommVault Systems, Inc.* | 1,448 | 97,899 |
Computer Programs and Systems, Inc.* | 447 | 7,125 |
Consensus Cloud Solutions, Inc.* | 667 | 16,795 |
CoreCard Corp.* | 300 | 6,000 |
CS Disco, Inc.* | 900 | 5,976 |
CSG Systems International, Inc. | 1,081 | 55,261 |
Daily Journal Corp.* | 41 | 12,054 |
Definitive Healthcare Corp.* | 1,700 | 13,583 |
17
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Software — (continued) | ||
Digi International, Inc.* | 1,257 | $33,939 |
Digimarc Corp.* | 400 | 12,996 |
Digital Turbine Inc* | 3,200 | 19,360 |
DigitalOcean Holdings, Inc.* | 2,100 | 50,463 |
Domo, Inc., Class B* | 1,100 | 10,791 |
Donnelley Financial Solutions, Inc.* | 800 | 45,024 |
Duolingo, Inc.* | 960 | 159,235 |
E2open Parent Holdings, Inc.* | 6,300 | 28,602 |
Ebix, Inc. | 936 | 9,248 |
eGain Corp.* | 500 | 3,065 |
Enfusion, Inc., Class A* | 1,500 | 13,455 |
EngageSmart, Inc.* | 1,600 | 28,784 |
Envestnet, Inc.* | 1,713 | 75,423 |
Everbridge, Inc.* | 1,475 | 33,070 |
EverCommerce, Inc.* | 600 | 6,018 |
Evolent Health, Inc., Class A* | 3,700 | 100,751 |
Expensify, Inc., Class A* | 2,100 | 6,825 |
Fastly, Inc., Class A* | 4,000 | 76,680 |
Freshworks, Inc., Class A* | 5,400 | 107,568 |
Health Catalyst, Inc.* | 1,800 | 18,216 |
HireRight Holdings Corp.* | 700 | 6,657 |
IBEX Holdings Ltd.* | 300 | 4,635 |
Immersion Corp. | 1,200 | 7,932 |
Innodata, Inc.* | 1,000 | 8,530 |
Inspired Entertainment, Inc.* | 700 | 8,372 |
Instructure Holdings, Inc.* | 700 | 17,780 |
Intapp, Inc.* | 700 | 23,464 |
IonQ, Inc.* | 5,400 | 80,352 |
Jamf Holding Corp.* | 2,500 | 44,150 |
Kaltura, Inc.* | 3,300 | 5,709 |
LivePerson, Inc.* | 2,525 | 9,822 |
Matterport, Inc.* | 7,600 | 16,492 |
MeridianLink, Inc.* | 800 | 13,648 |
MicroStrategy, Inc., Class A* | 370 | 121,464 |
Model N, Inc.* | 1,300 | 31,733 |
N-able, Inc.* | 2,400 | 30,960 |
NextGen Healthcare, Inc.* | 1,704 | 40,436 |
Olo, Inc., Class A* | 3,200 | 19,392 |
ON24, Inc. | 800 | 5,064 |
Outbrain, Inc.* | 1,000 | 4,870 |
Outset Medical, Inc.* | 1,700 | 18,496 |
PagerDuty, Inc.* | 3,000 | 67,470 |
PDF Solutions, Inc.* | 1,000 | 32,400 |
Phreesia, Inc.* | 1,800 | 33,624 |
Planet Labs PBC* | 6,900 | 17,940 |
Playstudios, Inc.* | 2,600 | 8,268 |
PowerSchool Holdings, Inc., Class A* | 2,000 | 45,320 |
Privia Health Group, Inc.* | 3,800 | 87,400 |
Progress Software Corp. | 1,426 | 74,979 |
PROS Holdings, Inc.* | 1,517 | 52,519 |
PubMatic, Inc., Class A* | 1,400 | 16,940 |
Rackspace Technology, Inc.* | 1,800 | 4,230 |
Red Violet, Inc.* | 300 | 6,003 |
Sapiens International Corp. N.V. | 1,100 | 31,273 |
Schrodinger, Inc.* | 1,800 | 50,886 |
Number of Shares | Value† | |
Software — (continued) | ||
SEMrush Holdings, Inc., Class A* | 1,200 | $10,200 |
Sharecare, Inc.* | 10,100 | 9,498 |
Simulations Plus, Inc. | 500 | 20,850 |
Skillsoft Corp.* | 2,700 | 2,393 |
SolarWinds Corp.* | 1,600 | 15,104 |
SoundHound AI, Inc., Class A* | 5,200 | 10,452 |
Sprout Social, Inc., Class A* | 1,591 | 79,359 |
SPS Commerce, Inc.* | 1,231 | 210,021 |
Veradigm, Inc.* | 3,700 | 48,618 |
Verint Systems, Inc.* | 2,095 | 48,164 |
Veritone, Inc.* | 1,400 | 3,612 |
Verra Mobility Corp.* | 4,700 | 87,890 |
Viant Technology, Inc., Class A* | 400 | 2,240 |
Vimeo, Inc.* | 4,700 | 16,638 |
Weave Communications, Inc.* | 1,100 | 8,965 |
Workiva, Inc.* | 1,700 | 172,278 |
Yext, Inc.* | 3,400 | 21,522 |
Zeta Global Holdings Corp., Class A* | 4,800 | 40,080 |
Zuora, Inc., Class A* | 4,100 | 33,784 |
4,361,121 | ||
Telecommunications — 1.3% | ||
A10 Networks, Inc. | 2,300 | 34,569 |
ADTRAN Holdings, Inc. | 2,705 | 22,262 |
Anterix, Inc.* | 400 | 12,552 |
AST SpaceMobile, Inc.* | 2,300 | 8,740 |
ATN International, Inc. | 398 | 12,561 |
Aviat Networks, Inc.* | 400 | 12,480 |
BlackSky Technology, Inc.* | 4,600 | 5,382 |
Calix, Inc.* | 1,993 | 91,359 |
Cambium Networks Corp.* | 400 | 2,932 |
Clearfield, Inc.* | 500 | 14,330 |
CommScope Holding Co., Inc.* | 7,200 | 24,192 |
Consolidated Communications Holdings, Inc.* | 2,571 | 8,793 |
Credo Technology Group Holding Ltd.* | 3,300 | 50,325 |
DigitalBridge Group, Inc. | 5,575 | 98,008 |
DZS, Inc.* | 600 | 1,260 |
EchoStar Corp., Class A* | 1,200 | 20,100 |
Extreme Networks, Inc.* | 4,247 | 102,820 |
Globalstar, Inc.* | 24,500 | 32,095 |
Gogo, Inc.* | 2,400 | 28,632 |
Harmonic, Inc.* | 3,470 | 33,416 |
IDT Corp., Class B* | 600 | 13,230 |
Infinera Corp.* | 6,594 | 27,563 |
InterDigital, Inc. | 894 | 71,735 |
KVH Industries, Inc.* | 700 | 3,570 |
Lumen Technologies, Inc.* | 33,500 | 47,570 |
Luna Innovations, Inc.* | 1,200 | 7,032 |
NETGEAR, Inc.* | 929 | 11,696 |
Ooma, Inc.* | 700 | 9,107 |
Preformed Line Products Co. | 71 | 11,543 |
Ribbon Communications, Inc.* | 3,143 | 8,423 |
Shenandoah Telecommunications Co. | 1,718 | 35,408 |
Spok Holdings, Inc. | 700 | 9,989 |
18
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
COMMON STOCKS — (continued) | ||
Telecommunications — (continued) | ||
Telephone and Data Systems, Inc. | 3,300 | $60,423 |
Terran Orbital Corp.* | 800 | 666 |
Viavi Solutions, Inc.* | 7,500 | 68,550 |
1,003,313 | ||
Textiles — 0.1% | ||
UniFirst Corp. | 501 | 81,668 |
Toys, Games & Hobbies — 0.0% | ||
Funko, Inc., Class A* | 1,200 | 9,180 |
JAKKS Pacific, Inc.* | 300 | 5,577 |
14,757 | ||
Transportation — 1.6% | ||
Air Transport Services Group, Inc.* | 1,985 | 41,427 |
ArcBest Corp. | 795 | 80,812 |
Ardmore Shipping Corp. | 1,500 | 19,515 |
Costamare, Inc. | 1,500 | 14,430 |
Covenant Logistics Group, Inc. | 300 | 13,155 |
CryoPort, Inc.* | 1,500 | 20,565 |
Daseke, Inc.* | 1,300 | 6,669 |
DHT Holdings, Inc. | 4,900 | 50,470 |
Dorian LPG Ltd. | 1,032 | 29,649 |
Eagle Bulk Shipping, Inc. | 314 | 13,197 |
FLEX LNG Ltd. | 1,000 | 30,160 |
Forward Air Corp. | 896 | 61,591 |
Genco Shipping & Trading Ltd. | 1,400 | 19,586 |
Golden Ocean Group Ltd. | 3,900 | 30,732 |
Heartland Express, Inc. | 1,567 | 23,019 |
Himalaya Shipping Ltd.* | 300 | 1,449 |
Hub Group, Inc., Class A* | 1,043 | 81,917 |
International Seaways, Inc. | 1,431 | 64,395 |
Marten Transport Ltd. | 1,926 | 37,962 |
Matson, Inc. | 1,200 | 106,464 |
Nordic American Tankers Ltd. | 7,067 | 29,116 |
Overseas Shipholding Group, Inc., Class A* | 2,200 | 9,658 |
PAM Transportation Services, Inc.* | 200 | 4,310 |
Pangaea Logistics Solutions Ltd. | 1,400 | 8,232 |
Radiant Logistics, Inc.* | 1,000 | 5,650 |
RXO, Inc.* | 3,900 | 76,947 |
Safe Bulkers, Inc. | 2,600 | 8,424 |
Scorpio Tankers, Inc. | 1,640 | 88,757 |
SFL Corp. Ltd. | 3,784 | 42,192 |
Teekay Corp.* | 2,000 | 12,340 |
Teekay Tankers Ltd., Class A | 800 | 33,304 |
Universal Logistics Holdings, Inc. | 300 | 7,554 |
Werner Enterprises, Inc. | 2,152 | 83,820 |
World Kinect Corp. | 2,000 | 44,860 |
1,202,328 | ||
Trucking and Leasing — 0.2% | ||
GATX Corp. | 1,189 | 129,399 |
The Greenbrier Cos., Inc. | 1,047 | 41,880 |
Willis Lease Finance Corp.* | 100 | 4,230 |
175,509 |
Number of Shares | Value† | |
Water — 0.5% | ||
American States Water Co. | 1,239 | $97,484 |
Artesian Resources Corp., Class A | 313 | 13,143 |
Cadiz, Inc.* | 1,600 | 5,296 |
California Water Service Group | 1,966 | 93,011 |
Consolidated Water Co., Ltd. | 600 | 17,064 |
Global Water Resources, Inc. | 500 | 4,875 |
Middlesex Water Co. | 631 | 41,804 |
SJW Group | 1,032 | 62,034 |
The York Water Co. | 497 | 18,633 |
353,344 | ||
TOTAL COMMON STOCKS (Cost $75,288,051) | 70,874,014 | |
REAL ESTATE INVESTMENT TRUSTS — 6.4% | ||
Apartments — 0.3% | ||
Apartment Investment and Management Co., Class A* | 5,000 | 34,000 |
BRT Apartments Corp. | 500 | 8,635 |
Centerspace | 461 | 27,780 |
Elme Communities | 3,006 | 41,002 |
Independence Realty Trust, Inc. | 7,592 | 106,819 |
NexPoint Residential Trust, Inc. | 800 | 25,744 |
243,980 | ||
Diversified — 0.9% | ||
Alexander & Baldwin, Inc. | 2,456 | 41,089 |
American Assets Trust, Inc. | 1,700 | 33,065 |
Armada Hoffler Properties, Inc. | 2,100 | 21,504 |
Broadstone Net Lease, Inc. | 6,300 | 90,090 |
Clipper Realty, Inc. | 600 | 3,108 |
Farmland Partners, Inc. | 1,900 | 19,494 |
Gladstone Commercial Corp. | 1,252 | 15,224 |
Gladstone Land Corp. | 1,000 | 14,230 |
InvenTrust Properties Corp. | 2,400 | 57,144 |
LXP Industrial Trust | 9,715 | 86,464 |
NexPoint Diversified Real Estate Trust | 1,214 | 10,573 |
One Liberty Properties, Inc. | 510 | 9,624 |
Outfront Media, Inc. | 5,200 | 52,520 |
Postal Realty Trust, Inc., Class A | 500 | 6,750 |
PotlatchDeltic Corp. | 2,674 | 121,373 |
UMH Properties, Inc. | 1,768 | 24,787 |
Uniti Group, Inc. | 8,300 | 39,176 |
Veris Residential, Inc. | 2,800 | 46,200 |
692,415 | ||
Diversified Financial Services — 0.1% | ||
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 3,600 | 76,320 |
Healthcare — 0.6% | ||
CareTrust REIT, Inc. | 3,295 | 67,547 |
Community Healthcare Trust, Inc. | 800 | 23,760 |
Diversified Healthcare Trust | 8,600 | 16,684 |
Global Medical REIT, Inc. | 1,800 | 16,146 |
LTC Properties, Inc. | 1,417 | 45,528 |
19
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
REAL ESTATE INVESTMENT TRUSTS — (continued) | ||
Healthcare — (continued) | ||
National Health Investors, Inc. | 1,457 | $74,832 |
Physicians Realty Trust | 8,000 | 97,520 |
Sabra Health Care REIT, Inc. | 7,693 | 107,240 |
Universal Health Realty Income Trust | 420 | 16,981 |
466,238 | ||
Hotels & Resorts — 0.8% | ||
Apple Hospitality REIT, Inc. | 7,200 | 110,448 |
Braemar Hotels & Resorts, Inc. | 2,800 | 7,756 |
Chatham Lodging Trust | 1,500 | 14,355 |
DiamondRock Hospitality Co. | 7,023 | 56,395 |
Hersha Hospitality Trust, Class A | 1,117 | 11,014 |
Pebblebrook Hotel Trust | 3,993 | 54,265 |
RLJ Lodging Trust | 5,580 | 54,628 |
Ryman Hospitality Properties, Inc. | 1,912 | 159,231 |
Service Properties Trust | 5,500 | 42,295 |
Summit Hotel Properties, Inc. | 3,400 | 19,720 |
Sunstone Hotel Investors, Inc. | 7,347 | 68,694 |
Xenia Hotels & Resorts, Inc. | 3,600 | 42,408 |
641,209 | ||
Industrial — 0.3% | ||
Innovative Industrial Properties, Inc. | 977 | 73,920 |
Plymouth Industrial REIT, Inc. | 1,400 | 29,330 |
Terreno Realty Corp. | 2,775 | 157,620 |
260,870 | ||
Mortgage Banks — 1.1% | ||
AFC Gamma, Inc. | 600 | 7,044 |
Apollo Commercial Real Estate Finance, Inc. | 4,956 | 50,204 |
Arbor Realty Trust, Inc. | 6,000 | 91,080 |
Ares Commercial Real Estate Corp. | 1,600 | 15,232 |
ARMOUR Residential REIT, Inc. | 7,075 | 30,069 |
Blackstone Mortgage Trust, Inc., Class A | 5,800 | 126,150 |
BrightSpire Capital, Inc. | 4,700 | 29,422 |
Chimera Investment Corp. | 7,500 | 40,950 |
Dynex Capital, Inc. | 1,869 | 22,316 |
Ellington Financial, Inc. | 2,200 | 27,434 |
Franklin BSP Realty Trust, Inc. | 2,712 | 35,907 |
Granite Point Mortgage Trust, Inc. | 1,700 | 8,296 |
Invesco Mortgage Capital, Inc. | 1,412 | 14,134 |
KKR Real Estate Finance Trust, Inc. | 2,100 | 24,927 |
Ladder Capital Corp. | 3,976 | 40,794 |
MFA Financial, Inc. | 3,575 | 34,355 |
New York Mortgage Trust, Inc. | 2,975 | 25,258 |
Nexpoint Real Estate Finance, Inc. | 300 | 4,908 |
Orchid Island Capital, Inc. | 1,340 | 11,403 |
PennyMac Mortgage Investment Trust | 2,992 | 37,101 |
Ready Capital Corp. | 5,354 | 54,129 |
Redwood Trust, Inc. | 3,577 | 25,504 |
TPG RE Finance Trust, Inc. | 2,000 | 13,460 |
Two Harbors Investment Corp. | 3,400 | 45,016 |
815,093 |
Number of Shares | Value† | |
Office Property — 0.8% | ||
Brandywine Realty Trust | 5,500 | $24,970 |
City Office REIT, Inc. | 1,400 | 5,950 |
COPT Defense Properties | 3,900 | 92,937 |
Douglas Emmett, Inc. | 5,700 | 72,732 |
Easterly Government Properties, Inc. | 3,100 | 35,433 |
Empire State Realty Trust, Inc., Class A | 4,700 | 37,788 |
Equity Commonwealth | 3,700 | 67,969 |
Hudson Pacific Properties, Inc. | 4,300 | 28,595 |
JBG SMITH Properties | 3,600 | 52,056 |
Office Properties Income Trust | 1,669 | 6,843 |
Orion Office REIT, Inc. | 1,900 | 9,899 |
Paramount Group, Inc. | 5,800 | 26,796 |
Peakstone Realty Trust | 1,400 | 23,296 |
Piedmont Office Realty Trust, Inc., Class A | 4,200 | 23,604 |
SL Green Realty Corp. | 2,200 | 82,060 |
590,928 | ||
Private Equity — 0.1% | ||
Chicago Atlantic Real Estate Finance, Inc. | 600 | 8,832 |
Global Net Lease, Inc. | 6,682 | 64,214 |
73,046 | ||
Real Estate — 0.0% | ||
Angel Oak Mortgage REIT, Inc. | 600 | 5,118 |
Regional Malls — 0.2% | ||
CBL & Associates Properties, Inc. | 900 | 18,882 |
Tanger Factory Outlet Centers, Inc. | 3,500 | 79,100 |
The Macerich Co. | 7,500 | 81,825 |
179,807 | ||
Single Tenant — 0.3% | ||
Alpine Income Property Trust, Inc. | 500 | 8,180 |
Essential Properties Realty Trust, Inc. | 5,400 | 116,802 |
Four Corners Property Trust, Inc. | 3,000 | 66,570 |
Getty Realty Corp. | 1,469 | 40,735 |
232,287 | ||
Strip Centers — 0.9% | ||
Acadia Realty Trust | 3,320 | 47,642 |
Alexander's, Inc. | 69 | 12,574 |
CTO Realty Growth, Inc. | 759 | 12,303 |
Kite Realty Group Trust | 7,249 | 155,274 |
NETSTREIT Corp. | 2,100 | 32,718 |
Phillips Edison & Co., Inc. | 4,000 | 134,160 |
Retail Opportunity Investments Corp. | 4,200 | 51,996 |
RPT Realty | 3,041 | 32,113 |
Saul Centers, Inc. | 451 | 15,907 |
SITE Centers Corp. | 6,400 | 78,912 |
Urban Edge Properties | 3,900 | 59,514 |
Whitestone REIT | 1,400 | 13,482 |
646,595 | ||
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $6,443,951) | 4,923,906 |
20
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
Number of Shares | Value† | |
RIGHTS — 0.0% | ||
Aduro Biotech CVR* | 560 | $73 |
Chelsea Therapeutics International Ltd. CVR* | 1,600 | 0 |
Chinook Therapeutics, Inc.* | 2,060 | 803 |
CinCor Pharma, Inc.* | 800 | 2,448 |
Durata Therapeutics CVR Shares* | 500 | 0 |
OmniAb, Inc.* | 191 | 853 |
OmniAb, Inc.* | 191 | 806 |
Resolute Forest Products, Inc.* | 1,500 | 2,130 |
Tobira Therapeutic, Inc. CVR* | 400 | 1,812 |
Trius Therapeutics CVR* | 1,200 | 0 |
TOTAL RIGHTS (Cost $851) | 8,925 | |
WARRANTS — 0.0% | ||
Nabors Industries Ltd. Expiration Date 06/11/26* | 87 | 1,279 |
Chord Energy Corp. Expiration Date 09/01/24* | 204 | 5,598 |
Chord Energy Corp. Expiration Date 09/01/25* | 102 | 1,681 |
TOTAL WARRANTS (Cost $3,666) | 8,558 |
SHORT-TERM INVESTMENTS — 0.9% | ||
BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 5.236%) (Cost $701,978) | 701,978 | 701,978 |
TOTAL INVESTMENTS — 99.9% (Cost $82,438,497) | $76,517,381 | |
Other Assets & Liabilities — 0.1% | 40,290 | |
TOTAL NET ASSETS — 100.0% | $76,557,671 |
† | 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% | $50,796 |
Aerospace & Defense | 0.9% | 658,410 |
COMMON STOCKS INDUSTRY DIVERSIFICATION | % of Market Value | Value† |
Agriculture | 0.4% | $262,219 |
Airlines | 0.4% | 249,596 |
Apparel | 0.5% | 363,899 |
Auto Manufacturers | 0.2% | 151,272 |
Auto Parts & Equipment | 1.5% | 1,092,608 |
Banks | 8.4% | 5,960,311 |
Beverages | 0.5% | 321,269 |
Biotechnology | 7.0% | 4,948,172 |
Building Materials | 2.2% | 1,577,499 |
Chemicals | 2.1% | 1,456,485 |
Coal | 0.8% | 580,355 |
Commercial Services | 6.2% | 4,398,565 |
Computers | 2.6% | 1,862,193 |
Cosmetics & Personal Care | 0.5% | 373,044 |
Distribution & Wholesale | 0.8% | 545,192 |
Diversified Financial Services | 2.8% | 2,008,914 |
Electric | 1.5% | 1,071,166 |
Electrical Components & Equipment | 1.0% | 700,163 |
Electronics | 2.3% | 1,605,869 |
Energy-Alternate Sources | 0.7% | 517,553 |
Engineering & Construction | 1.8% | 1,262,211 |
Entertainment | 1.4% | 975,793 |
Environmental Control | 0.5% | 324,776 |
Food | 1.6% | 1,133,235 |
Food Service | 0.1% | 38,335 |
Forest Products & Paper | 0.1% | 55,446 |
Gas | 1.0% | 714,800 |
Hand & Machine Tools | 0.4% | 289,348 |
Healthcare Products | 3.6% | 2,579,428 |
Healthcare Services | 1.5% | 1,032,048 |
Home Builders | 1.9% | 1,380,460 |
Home Furnishings | 0.4% | 264,360 |
Household Products & Wares | 0.4% | 302,429 |
Insurance | 2.4% | 1,716,878 |
Internet | 1.8% | 1,267,675 |
Investment Companies | 0.1% | 97,931 |
Iron & Steel | 0.7% | 523,830 |
Leisure Time | 0.6% | 390,912 |
Lodging | 0.2% | 146,691 |
Machinery — Construction & Mining | 0.5% | 327,431 |
Machinery — Diversified | 2.2% | 1,554,809 |
Media | 0.4% | 301,209 |
Metal Fabricate/Hardware | 0.8% | 601,538 |
Mining | 0.8% | 537,957 |
Miscellaneous Manufacturing | 1.3% | 937,779 |
Multi-National | 0.0% | 19,292 |
Office & Business Equipment | 0.1% | 77,742 |
Office Furnishings | 0.1% | 106,628 |
Oil & Gas | 5.6% | 3,965,790 |
Oil & Gas Services | 1.6% | 1,140,581 |
Packaging and Containers | 0.3% | 232,848 |
Pharmaceuticals | 2.9% | 2,046,348 |
Pipelines | 0.4% | 257,306 |
Private Equity | 0.1% | 47,800 |
Real Estate | 0.7% | 479,872 |
Real Estate Investment Trusts | 0.1% | 57,675 |
Retail | 4.2% | 2,968,519 |
21
Penn Series Funds, Inc.
Schedule of Investments — September 30, 2023 (Unaudited)
Small Cap Index Fund
COMMON STOCKS INDUSTRY DIVERSIFICATION | % of Market Value | Value† |
Savings & Loans | 0.8% | $589,510 |
Semiconductors | 3.1% | 2,179,204 |
Software | 6.2% | 4,361,121 |
Telecommunications | 1.4% | 1,003,313 |
Textiles | 0.1% | 81,668 |
Toys, Games & Hobbies | 0.0% | 14,757 |
COMMON STOCKS INDUSTRY DIVERSIFICATION | % of Market Value | Value† | |
Transportation | 1.7% | $1,202,328 | |
Trucking and Leasing | 0.2% | 175,509 | |
Water | 0.5% | 353,344 | |
100.0% | $70,874,014 |
Futures contracts held by the Fund at September 30, 2023 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 | 12/15/23 | 10 | 50 | $1,799 | $899,300 | $— | $(39,074) | ||||||||
$— | $(39,074) |
22