N-MFP2 0000702340 XXXXXXXX 2021-12-31 0000702340 S000006722 1 N N 002-77284 Penn Mutual Asset Management, LLC 801-35477 KPMG LLP Philadelphia PA PENN MUTUAL ASSET MANAGEMENT, LLC PENN MUTUAL LIFE INSURANCE CO. BNY Mellon Investment Servicing (US) Inc 0000849542 084-01761 N N Y Exempt Government Government/Agency N 38 38 56540286.63 61507136.88 61681994.46 54505324.79 52205625.80 110540286.74 100506030.08 103680628.91 98504185.35 104673691.25 0.3462 0.3612 0.3715 0.3311 0.3216 0.6769 0.5902 0.6245 0.5983 0.6448 0.00 161769824.31 161772321.59 555499.66 127710.17 162200111.08 162181753.0500 1.0000 0.0005 1.0001 1.0000 1.0001 1.0001 1.0001 C000018285 1.00 162200111.08 162181753.0500 1.0001 1.0000 1.0001 1.0001 1.0001 1992482.80 422393.07 7560356.33 514848.09 193759.93 4500136.04 316660.93 1717483.09 182583.76 2502430.14 9356621.66 9628338.75 0.0001 Y Penn Mutual Asset Management/Penn Mutual Life Ins. Co. waived a portion of its mgnt fee and other exp. in order to maintain a min. net dist. yield for shareholders. For Dec. 2021, the mgnt fee and other exp. waived $46,440 and $29,125, respectively. FEDERAL HOME LOAN BANKS FEDERAL HOME LOAN BANKS 2.430000% 3130AG3U7 2549001DPIFGXC1TOL40 US3130AG3U71 U.S. Government Agency Debt Y 2022-02-28 2022-02-28 2022-02-28 N N N 0.0000 10034386.40 10034386.40 0.0619 N N N N FEDERAL FARM CREDIT DISCOUNT NOTES FEDERAL FARM CREDIT DISCOUNT NOTES 0.050006% 313313SM1 US313313SM11 U.S. Government Agency Debt Y 2022-01-31 2022-01-31 2022-01-31 N N N 0.0000 9999922.20 9999922.20 0.0617 N N Y N FEDERAL FARM CREDIT DISCOUNT NOTES FEDERAL FARM CREDIT DISCOUNT NOTES 0.040004% 313313SX7 US313313SX75 U.S. Government Agency Debt Y 2022-02-10 2022-02-10 2022-02-10 N N N 0.0000 4999894.45 4999894.45 0.0308 N N Y N FEDERAL HOME LOAN BANKS FEDERAL HOME LOAN BANKS 2.500000% 313378WG2 2549001DPIFGXC1TOL40 US313378WG23 U.S. Government Agency Debt Y 2022-03-11 2022-03-11 2022-03-11 N N N 0.0000 12200073.08 12200073.08 0.0752 N N N N FEDERAL HOME LOAN BANK DISCOUNT NOTES FEDERAL HOME LOAN BANK DISCOUNT NOTES 0.040001% 313385RS7 2549001DPIFGXC1TOL40 US313385RS76 U.S. Government Agency Debt Y 2022-01-12 2022-01-12 2022-01-12 N N N 0.0000 1999995.00 1999995.00 0.0123 N N Y N FEDERAL HOME LOAN BANK DISCOUNT NOTES FEDERAL HOME LOAN BANK DISCOUNT NOTES 0.025000% 313385RZ1 2549001DPIFGXC1TOL40 US313385RZ10 U.S. Government Agency Debt Y 2022-01-19 2022-01-19 2022-01-19 N N N 0.0000 9999955.60 9999955.60 0.0617 N N Y N FEDERAL FARM CREDIT BANKS FUNDING CORP FEDERAL FARM CREDIT BANKS FUNDING CORP 2.600000% 3133EJ5P0 P0J8I7M2E0A77CKF1705 US3133EJ5P01 U.S. Government Agency Debt Y 2022-01-18 2022-01-18 2022-01-18 N N N 0.0000 1501688.64 1501688.64 0.0093 N N N N FEDERAL FARM CREDIT BANKS FUNDING CORP FEDERAL FARM CREDIT BANKS FUNDING CORP 1.600000% 3133ELHR8 P0J8I7M2E0A77CKF1705 US3133ELHR88 U.S. Government Agency Debt Y 2022-01-21 2022-01-21 2022-01-21 N N N 0.0000 1000729.43 1000729.43 0.0062 N N N N FEDERAL FARM CREDIT BANKS FUNDING CORP FEDERAL FARM CREDIT BANKS FUNDING CORP 0.530000% 3133ELTN4 P0J8I7M2E0A77CKF1705 US3133ELTN47 U.S. Government Agency Debt Y 2022-01-18 2022-01-18 2022-01-18 N N N 0.0000 1425197.38 1425197.38 0.0088 N N N N FEDERAL FARM CREDIT BANKS FUNDING CORP FEDERAL FARM CREDIT BANKS FUNDING CORP 0.375000% 3133ELWD2 P0J8I7M2E0A77CKF1705 US3133ELWD28 U.S. Government Agency Debt Y 2022-04-08 2022-04-08 2022-04-08 N N N 0.0000 6966295.09 6966295.09 0.0429 N N N N FEDERAL FARM CREDIT BANKS FUNDING CORP FEDERAL FARM CREDIT BANKS FUNDING CORP 0.040000% 3133EM6S6 P0J8I7M2E0A77CKF1705 US3133EM6S68 U.S. Government Agency Debt Y 2022-02-24 2022-02-24 2022-02-24 N N N 0.0000 1999695.32 1999695.32 0.0123 N N N N FEDERAL HOME LOAN MORTGAGE CORP FEDERAL HOME LOAN MORTGAGE CORP 0.250000% 3134GVJ66 S6XOOCT0IEG5ABCC6L87 US3134GVJ664 0001026214 U.S. Government Agency Debt Y 2022-06-08 2022-06-08 2022-06-08 N N N 0.0000 1875501.69 1875501.69 0.0116 N N N N FANNIE MAE DISCOUNT NOTES FANNIE MAE DISCOUNT NOTES 0.035003% 313589RS4 B1V7KEBTPIMZEU4LTD58 US313589RS47 0000310522 U.S. Government Agency Debt Y 2022-01-12 2022-01-12 2022-01-12 N N N 0.0000 9999975.00 9999975.00 0.0617 N N Y N FEDERAL NATIONAL MORTGAGE ASSOCIATION FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.000000% 3135G0S38 B1V7KEBTPIMZEU4LTD58 US3135G0S387 0000310522 U.S. Government Agency Debt Y 2022-01-05 2022-01-05 2022-01-05 N N N 0.0006 8468909.97 8468909.97 0.0522 N N Y N FEDERAL NATIONAL MORTGAGE ASSOCIATION FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.625000% 3135G0U92 B1V7KEBTPIMZEU4LTD58 US3135G0U920 0000310522 U.S. Government Agency Debt Y 2022-01-11 2022-01-11 2022-01-11 N N N 0.0000 3730141.33 3730141.33 0.0230 N N N N FEDERAL NATIONAL MORTGAGE ASSOCIATION FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.250000% 3135G0V59 B1V7KEBTPIMZEU4LTD58 US3135G0V597 0000310522 U.S. Government Agency Debt Y 2022-04-12 2022-04-12 2022-04-12 N N N 0.0000 5639755.70 5639755.70 0.0348 N N N N FEDERAL HOME LOAN MORTGAGE CORP FEDERAL HOME LOAN MORTGAGE CORP 2.375000% 3137EADB2 S6XOOCT0IEG5ABCC6L87 US3137EADB22 0001026214 U.S. Government Agency Debt Y 2022-01-13 2022-01-13 2022-01-13 N N N 0.0003 10721953.50 10721953.50 0.0661 N N N N GOLDMAN SACHS FINANCIAL SQUARE FUNDS - GOVERNMENT FUND GOLDMAN SACHS FINANCIAL SQUARE FUNDS - GOVERNMENT FUND 0.000000% 38141W273 US38141W2733 Investment Company Y 2022-01-03 2022-01-03 2022-01-03 N N N 0.0000 22208068.85 22208068.85 0.1369 N Y Y N TENNESSEE VALLEY AUTHORITY DISCOUNT NOTES TENNESSEE VALLEY AUTHORITY DISCOUNT NOTES 0.030000% 880590RK2 549300HE1ISW43LNKM54 US880590RK24 U.S. Government Agency Debt Y 2022-01-05 2022-01-05 2022-01-05 N N N 0.0000 6999996.08 6999996.08 0.0432 N N Y N UNITED STATES TREASURY BILL UNITED STATES TREASURY BILL 0.064511% 912796F38 254900HROIFWPRGM1V77 US912796F386 U.S. Treasury Debt Y 2022-03-24 2022-03-24 2022-03-24 N N N 0.0006 9998755.60 9998755.60 0.0616 N Y Y N UNITED STATES TREASURY BILL UNITED STATES TREASURY BILL 0.043004% 912796L98 254900HROIFWPRGM1V77 US912796L988 U.S. Treasury Debt Y 2022-03-03 2022-03-03 2022-03-03 N N N 0.0000 9999221.50 9999221.50 0.0616 N Y Y N UNITED STATES TREASURY BILL UNITED STATES TREASURY BILL 0.030501% 912796R76 254900HROIFWPRGM1V77 US912796R761 U.S. Treasury Debt Y 2022-02-08 2022-02-08 2022-02-08 N N N 0.0000 9999712.50 9999712.50 0.0617 N Y Y N Penn Series Funds, Inc. 2022-01-06 Steven Viola Steven Viola Treasurer