Penn Series Information
Fund Profiles
Investment Adviser | |
Investment Sub-Adviser | |
Total Annual Fund Operating Expenses1 |
Penn Series Limited Maturity Bond Fund
Seeks to maximize total return consistent with preservation of capital
The Fund invests primarily in short- to intermediate-term investment grade debt securities of the U.S. government and corporate issuers.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | N/A |
Total Annual Fund Operating Expenses1 | 0.70% |
Top 10 Holdings2 |
---|
Navient Student Loan Trust 2016-5 |
Fremf 2015-K44 Mortgage Trust |
State Street Corp |
Fremf 2017-K727 Mortgage Trust |
Slm Student Loan Trust 2014-2 |
Gs Mortgage-Backed Securities Trust 2021-Pj7 |
Fremf 2016-K53 Mortgage Trust |
Wells Fargo & Co |
Anchorage Capital Clo 2013-1 Ltd |
Southern California Edison Co |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Quality Bond Fund
Seeks the to maximize total return over the long term consistent with the preservation of capital
The Fund invests primarily in marketable investment grade debt securities that are believed to be undervalued based on their quality, maturity and sector in the marketplace.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | N/A |
Total Annual Fund Operating Expenses1 | 0.68% |
Top 10 Holdings2 |
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Fannie Mae Pool |
Freddie Mac Pool |
United States Treasury Inflation Indexed Bonds |
Freddie Mac Remics |
Freddie Mac Pool |
Fremf 2018-K731 Mortgage Trust |
Sequoia Mortgage Trust 2013-3 |
United States Treasury Note/Bond |
Fremf 2019-K735 Mortgage Trust |
Freddie Mac Pool |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series High Yield Bond Fund
Seeks to realize high current income
The Fund invests primarily in high-yield corporate bonds that are rated below investment grade, as well as income producing convertible securities and preferred stocks.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | N/A |
Total Annual Fund Operating Expenses1 | 0.74% |
Top 10 Holdings2 |
---|
United States Treasury Note/Bond |
Service Corp International/Us |
Chesapeake Energy Corp |
Occidental Petroleum Corp |
Civitas Resources Inc |
Transocean Titan Financing Ltd |
Light & Wonder International Inc |
Tallgrass Energy Partners Lp / Tallgrass Energy Finance Corp |
Energy Transfer Lp |
Transdigm Inc |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Flexibly Managed Fund
Seeks to maximize total return (capital appreciation and income)
The Fund invests in common stocks of well established U.S. companies with above-average potential for capital growth as well as convertible securities, preferred stocks, corporate and governmental debt securities.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | T. Rowe Price Associates, Inc. |
Total Annual Fund Operating Expenses1 | 0.88% |
Top 10 Holdings2 |
---|
Microsoft Corp |
United States Treasury Note/Bond |
United States Treasury Note/Bond |
Alphabet Inc |
Unitedhealth Group Inc |
United States Treasury Note/Bond |
Amazon.Com Inc |
Fortive Corp |
Becton Dickinson & Co |
Revvity Inc |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Balanced Fund
Seeks long-term growth and current income
The Fund invests in a combination of underlying Penn Series Funds with an allocation strategy designed to provide a mix of the growth opportunities of stock investing with the income opportunities of fixed income securities.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | N/A |
Total Annual Fund Operating Expenses1 | 0.70% |
Top 10 Holdings2 |
---|
Index 500 Fund |
Quality Bond Fund |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Large Growth Stock Fund
Seeks long-term capital growth
The Fund invests in common stocks of well established companies that are believed to have long-term growth potential and an above-average rate of earnings growth.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | T. Rowe Price Associates, Inc. |
Total Annual Fund Operating Expenses1 | 0.97% |
Top 10 Holdings2 |
---|
Microsoft Corp |
Apple Inc |
Amazon.Com Inc |
Nvidia Corp |
Alphabet Inc |
Meta Platforms Inc |
Visa Inc |
Eli Lilly & Co |
Unitedhealth Group Inc |
Mastercard Inc |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Large Cap Growth Fund
Seeks to achieve long-term capital appreciation
The Fund invests in companies believed to have above average earnings growth potential compared to other growth companies.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | Massachusetts Financial Services Company |
Total Annual Fund Operating Expenses1 | 0.89% |
Top 10 Holdings2 |
---|
Microsoft Corp |
Apple Inc |
Alphabet Inc |
Visa Inc |
Accenture Plc |
Amphenol Corp |
Agilent Technologies Inc |
Church & Dwight Co Inc |
Analog Devices Inc |
Icon Plc |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Large Core Growth Fund
Seeks to provide growth of capital
The Fund invests in securities of companies with strong name recognition and sustainable competitive advantages.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | Delaware Investments Fund Advisers |
Total Annual Fund Operating Expenses1 | 0.87% |
Top 10 Holdings2 |
---|
Microsoft Corp |
Apple Inc |
Alphabet Inc |
Amazon.Com Inc |
Visa Inc |
Nvidia Corp |
Unitedhealth Group Inc |
Verisign Inc |
Costar Group Inc |
Intuit Inc |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Large Cap Value Fund
Seeks to achieve long-term growth of capital
The Fund invests in securities of companies it believes possess a structual competitve advantage or durable market leadership position.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | AllianceBernstein L.P. |
Total Annual Fund Operating Expenses1 | 0.94% |
Top 10 Holdings2 |
---|
Elevance Health Inc |
Jpmorgan Chase & Co |
Wells Fargo & Co |
Berkshire Hathaway Inc |
Qualcomm Inc |
Mastercard Inc |
Regeneron Pharmaceuticals Inc |
Walmart Inc |
Philip Morris International Inc |
Fiserv Inc |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Large Core Value Fund
Seeks total return
The Fund invests primarily in dividend-paying value stocks and may also invest in REITs, non-income producing stocks and fixed-income securities such as convertible debt.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | Eaton Vance Management |
Total Annual Fund Operating Expenses1 | 0.93% |
Top 10 Holdings2 |
---|
Wells Fargo & Co |
American International Group Inc |
The Charles Schwab Corp |
Micron Technology Inc |
Constellation Brands Inc |
Chevron Corp |
Thermo Fisher Scientific Inc |
Conocophillips |
Reinsurance Group Of America Inc |
Zoetis Inc |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Index 500 Fund
Seeks a total return (capital appreciation and income) which corresponds to that of the S&P 500® Index
The Fund invests in securities of the S&P 500® Index in an attempt to replicate the performance of the Index.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | SSGA Funds Management, Inc. |
Total Annual Fund Operating Expenses1 | 0.35% |
Top 10 Holdings2 |
---|
Apple Inc |
Microsoft Corp |
Amazon.Com Inc |
Nvidia Corp |
Alphabet Inc - Class A |
Meta Platforms Inc |
Alphabet Inc - Class C |
Tesla Inc |
Berkshire Hathaway Inc |
Jpmorgan Chase & Co |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Mid Cap Growth Fund
Seeks to maximize capital appreciation
The Fund invests in equity securities believed to have strong earnings growth potential and that are diversified across economic sectors.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | Delaware Investments Fund Advisers |
Total Annual Fund Operating Expenses1 | 0.98% |
Top 10 Holdings2 |
---|
Costar Group Inc |
Pinterest Inc |
Dexcom Inc |
Marketaxess Holdings Inc |
Monolithic Power Systems Inc |
Pool Corp |
Floor & Decor Holdings Inc |
Repligen Corp |
Idexx Laboratories Inc |
Teradyne Inc |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Mid Cap Value Fund
Seeks to achieve growth of capital
The Fund invests in the equity securities of high quality companies believed to be trading at substantial discount to their intrinsic value where there is a strategic plan or event that is expected to both enhance value and narrow the value/price gap.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | Janus Henderson Investors US LLC |
Total Annual Fund Operating Expenses1 | 0.83% |
Top 10 Holdings2 |
---|
The Hartford Financial Services Group Inc |
Alliant Energy Corp |
The Pnc Financial Services Group Inc |
Freeport-Mcmoran Inc |
Cardinal Health Inc |
Entergy Corp |
Lamar Advertising Co |
Fidelity National Information Services Inc |
Ametek Inc |
Casey's General Stores Inc |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Mid Core Value Fund
Seeks to achieve capital appreciation
The Fund invests in companies whose stock price may not reflect the company’s value and hold each stock until its price more accurately reflects the fair value of the company.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | American Century Investment Management, Inc. |
Total Annual Fund Operating Expenses1 | 1.04% |
Top 10 Holdings2 |
---|
Zimmer Biomet Holdings Inc |
Conagra Brands Inc |
The Allstate Corp |
Henry Schein Inc |
Northern Trust Corp |
The Bank Of New York Mellon Corp |
Quest Diagnostics Inc |
Enterprise Products Partners Lp |
Norfolk Southern Corp |
Koninklijke Ahold Delhaize Nv |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series SMID Cap Growth Fund
Seeks long-term growth of capital
The Fund invests in small- and medium-sized growth companies believed to have unique business models, sustainable growth and knowledgeable management teams.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | Goldman Sachs Asset Management, L.P. |
Total Annual Fund Operating Expenses1 | 1.05% |
Top 10 Holdings2 |
---|
Deckers Outdoor Corp |
Lincoln Electric Holdings Inc |
Wingstop Inc |
Dynatrace Inc |
Hubbell Inc |
Novanta Inc |
Tetra Tech Inc |
Allegion Plc |
Rpm International Inc |
Nordson Corp |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series SMID Cap Value Fund
Seeks long-term growth of capital
The Fund invests in small- and medium-sized companies that are believed to be undervalued and have long-term earnings potential.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | AllianceBernstein L.P. |
Total Annual Fund Operating Expenses1 | 1.18% |
Top 10 Holdings2 |
---|
Pvh Corp |
Builders Firstsource Inc |
Jones Lang Lasalle Inc |
Dycom Industries Inc |
Mastec Inc |
Bath & Body Works Inc |
Cboe Global Markets Inc |
First Citizens Bancshares Inc/Nc |
Herc Holdings Inc |
Comerica Inc |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Small Cap Growth Fund
Seeks capital appreciation
The Fund invests in small capitalization companies with differentiated business models and sustainable competitive advantages; holds these companies to capture more growth potential over a longer period.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | Janus Henderson Investors US LLC |
Total Annual Fund Operating Expenses1 | 1.02% |
Top 10 Holdings2 |
---|
Ss&C Technologies Holdings Inc |
Nice Ltd |
Crown Holdings Inc |
Rentokil Initial Plc |
Blackbaud Inc |
The Descartes Systems Group Inc |
On Semiconductor Corp |
Csw Industrials Inc |
Ats Corp |
Core & Main Inc |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Small Cap Value Fund
Seeks capital appreciation
The Funds invests in well-positioned cash generating businesses at a price considered low enough to help provide a healthy margin of safety.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | Goldman Sachs Asset Management, L.P. |
Total Annual Fund Operating Expenses1 | 1.01% |
Top 10 Holdings2 |
---|
Meritage Homes Corp |
Spx Technologies Inc |
Ufp Industries Inc |
Site Centers Corp |
Asgn Inc |
Physicians Realty Trust |
Arcosa Inc |
Terreno Realty Corp |
Acadia Realty Trust |
Chord Energy Corp |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Small Cap Index Fund
Seeks a replicate the returns and characteristics of a small cap index
The Fund invests in securities of companies included in the Russell 2000® Index to attempt to replicate the performance of the Index.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | SSGA Funds Management, Inc. |
Total Annual Fund Operating Expenses1 | 0.70% |
Top 10 Holdings2 |
---|
Super Micro Computer Inc |
Simpson Manufacturing Co Inc |
Elf Beauty Inc |
Cytokinetics Inc |
Microstrategy Inc |
Onto Innovation Inc |
Rambus Inc |
Light & Wonder Inc |
Qualys Inc |
Ufp Industries Inc |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Developed International Index Fund
Seeks to replicate the returns and characteristics of an international index composed of securities from developed countries
The Fund invests in securities listed in the Morgan Stanley Capital International® Europe, Australia, Far East (MSCI EAFE) Index in an attempt to replicate the Index.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | SSGA Funds Management, Inc. |
Total Annual Fund Operating Expenses1 | 0.90% |
Top 10 Holdings2 |
---|
Novo Nordisk A/S |
Nestle Sa |
Asml Holding Nv |
Lvmh Moet Hennessy Louis Vuitton Se |
Shell Plc |
Astrazeneca Plc |
Novartis Ag |
Roche Holding Ag |
Toyota Motor Corp |
Bhp Group Ltd |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series International Equity Fund
Seeks to achieve capital appreciation
The Fund invests primarily in higher quality growth companies with consistent operating histories, financial performance and long-term prospects operating in Europe and the Pacific Basin.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | Vontobel Asset Management, Inc. |
Total Annual Fund Operating Expenses1 | 1.08% |
Top 10 Holdings2 |
---|
Constellation Software Inc/Canada |
Mastercard Inc |
L'Oreal Sa |
Air Liquide Sa |
Wolters Kluwer Nv |
Relx Plc |
Experian Plc |
Essilorluxottica Sa |
Ferrari Nv |
London Stock Exchange Group Plc |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Emerging Markets Equity Fund
Seeks to achieve capital appreciation
The Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities (or equity-linked instruments) of issuers of any capitalization located in emerging market countries
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | Vontobel Asset Management, Inc. |
Total Annual Fund Operating Expenses1 | 1.33% |
Top 10 Holdings2 |
---|
Samsung Electronics Co Ltd |
Taiwan Semiconductor Manufacturing Co Ltd |
Hdfc Bank Ltd |
Tencent Holdings Ltd |
Raia Drogasil Sa |
Bank Rakyat Indonesia Persero Tbk Pt |
Wal-Mart De Mexico Sab De Cv |
President Chain Store Corp |
Reliance Industries Ltd |
Tata Consultancy Services Ltd |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Real Estate Securities Fund
Seeks to achieve a high total return consistent with reasonable investment risks
The Fund invests in common stocks and other equity securities issued by real estate companies of any market capitalization, including real estate investment trusts (REITs).
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | Cohen & Steers Capital Management, Inc. |
Total Annual Fund Operating Expenses1 | 0.97% |
Top 10 Holdings2 |
---|
Prologis Inc |
Simon Property Group Inc |
Digital Realty Trust Inc |
Welltower Inc |
American Tower Corp |
Invitation Homes Inc |
Realty Income Corp |
Equinix Inc |
Crown Castle Inc |
Iron Mountain Inc |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Aggressive Allocation Fund
Seeks to achieve long-term capital growth consistent with its asset allocation strategy
The Fund invests using a “fund-of-funds” strategy investing in a combination of other portfolios of Penn Series Funds, Inc. in accordance with its target asset allocations (85%-100% of its assets in equity funds and 0%-15% of its assets in fixed income and money market funds).
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | N/A |
Total Annual Fund Operating Expenses1 | 1.19% |
Top 10 Holdings2 |
---|
Index 500 Fund |
International Equity Fund |
Developed International Index |
Flexibly Managed Fund |
Large Cap Value Fund |
Quality Bond Fund |
Emerging Markets Equity Fund |
Large Core Value Fund |
Mid Core Value Fund |
Real Estate Securities Fund |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Moderately Aggressive Allocation Fund
Seeks to achieve long-term capital growth and current income consistent with its asset allocation strategy
The Fund invests using a “fund-of-funds” strategy investing in a combination of other portfolios of Penn Series Funds, Inc. in accordance with its target asset allocations (70%-100% of its assets in equity funds and 0%-30% of its assets in fixed income and money market funds).
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | N/A |
Total Annual Fund Operating Expenses1 | 1.13% |
Top 10 Holdings2 |
---|
Index 500 Fund |
Quality Bond Fund |
Flexibly Managed Fund |
International Equity Fund |
Developed International Index |
Large Cap Value Fund |
Limited Maturity Bond Fund |
Large Core Value Fund |
Mid Core Value Fund |
Real Estate Securities Fund |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Moderate Allocation Fund
Seeks to achieve long-term capital growth and current income consistent with its asset allocation strategy
The Fund invests using a “fund-of-funds” strategy investing in a combination of other portfolios of Penn Series Funds, Inc. in accordance with its target asset allocations (50%-70% of its assets in equity funds and 30%-50% of its assets in fixed income and money market funds).
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | N/A |
Total Annual Fund Operating Expenses1 | 1.09% |
Top 10 Holdings2 |
---|
Quality Bond Fund |
Index 500 Fund |
Flexibly Managed Fund |
Limited Maturity Bond Fund |
Mid Core Value Fund |
International Equity Fund |
Developed International Index |
Emerging Markets Equity Fund |
Real Estate Securities Fund |
High Yield Bond Fund |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Moderately Conservative Allocation Fund
Seeks to achieve long-term capital growth and current income consistent with its asset allocation strategy
The Fund invests using a “fund-of-funds” strategy investing in a combination of other portfolios of Penn Series Funds, Inc. in accordance with its target asset allocations (30%-50% of its assets in equity funds and 50%-70% of its assets in fixed income and money market funds).
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | N/A |
Total Annual Fund Operating Expenses1 | 1.08% |
Top 10 Holdings2 |
---|
Quality Bond Fund |
Limited Maturity Bond Fund |
Index 500 Fund |
Flexibly Managed Fund |
International Equity Fund |
High Yield Bond Fund |
Real Estate Securities Fund |
Developed International Index |
Large Core Value Fund |
Large Cap Value Fund |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Conservative Allocation Fund
Seeks to achieve long-term capital growth and current income consistent with its asset allocation strategy
The Fund invests using a “fund-of-funds” strategy investing in a combination of other portfolios of Penn Series Funds, Inc. in accordance with its target asset allocations (20%-40% of its assets in equity funds and 60%-80% of its assets in fixed income and money market funds).
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | N/A |
Total Annual Fund Operating Expenses1 | 1.06% |
Top 10 Holdings2 |
---|
Quality Bond Fund |
Limited Maturity Bond Fund |
Flexibly Managed Fund |
Index 500 Fund |
High Yield Bond Fund |
Developed International Index |
Large Core Value Fund |
Mid Core Value Fund |
Real Estate Securities Fund |
International Equity Fund |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
Penn Series Money Market Fund
Government money market fund that seeks current income, while preserving capital and liquidity
Invests only in U.S. dollar-denominated securities that are determined to present minimal credit risk and meet certain other criteria, including relating to maturity, diversification, liquidity and credit quality.
Advisers and Expenses | |
---|---|
Investment Adviser | Penn Mutual Asset Management, LLC |
Investment Sub-Adviser | N/A |
Total Annual Fund Operating Expenses1 | 0.59% |
Top 10 Holdings2 |
---|
Federal Home Loan Bank Discount Notes - 1/8/24 |
Tennessee Valley Authority Discount Notes - 1/3/24 |
United States Treasury Bill - 1/11/24 |
Fannie Mae Discount Notes - 1/16/24 |
Freddie Mac Discount Notes - 1/22/24 |
Fannie Mae Discount Notes - 1/24/24 |
Freddie Mac Discount Notes - 1/29/24 |
United States Treasury Bill - 2/13/24 |
Fannie Mae Discount Notes - 3/6/24 |
Freddie Mac Discount Notes - 1/3/24 |
1Total Annual Fund Operating Expenses as of May 1, 2023.
2Holdings information as of December 31, 2023.
Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. There is no guarantee the stated investment strategy will result in a positive return or that investment objective will be met. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from Penn Mutual or a Registered Representative. Penn Mutual’s investment options are not available for direct investment, are available only through the Penn Mutual line of variable insurance products and are subject to market risk and may lose value. Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, LLC (HTK), Registered Investment Adviser, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044, 800-873-7637. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
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