<?xml version="1.0" encoding="us-ascii"?>
<!--XBRL document created by RR Donnelley IM Processor 9.1.2.0 using Fujitsu Interstage XWand-->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentDocumentandEntityInformationElements" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentDocumentandEntityInformationElements" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesMoneyMarketFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesMoneyMarketFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesMoneyMarketFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesMoneyMarketFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesMoneyMarketFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesMoneyMarketFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesMoneyMarketFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesMoneyMarketFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesMoneyMarketFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesMoneyMarketFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesMoneyMarketFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesMoneyMarketFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesMoneyMarketFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesMoneyMarketFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesMoneyMarketFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesMoneyMarketFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesMoneyMarketFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesMoneyMarketFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesLimitedMaturityBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesLimitedMaturityBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesLimitedMaturityBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesLimitedMaturityBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesLimitedMaturityBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesLimitedMaturityBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesLimitedMaturityBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesLimitedMaturityBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesLimitedMaturityBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesLimitedMaturityBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesLimitedMaturityBondFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesLimitedMaturityBondFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesLimitedMaturityBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesLimitedMaturityBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesLimitedMaturityBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesLimitedMaturityBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesLimitedMaturityBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesLimitedMaturityBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesQualityBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesQualityBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesQualityBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesQualityBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesQualityBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesQualityBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesQualityBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesQualityBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesQualityBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesQualityBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesQualityBondFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesQualityBondFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesQualityBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesQualityBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesQualityBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesQualityBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesQualityBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesQualityBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesHighYieldBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesHighYieldBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesHighYieldBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesHighYieldBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesHighYieldBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesHighYieldBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesHighYieldBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesHighYieldBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesHighYieldBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesHighYieldBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesHighYieldBondFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesHighYieldBondFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesHighYieldBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesHighYieldBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesHighYieldBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesHighYieldBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesHighYieldBondFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesHighYieldBondFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesFlexiblyManagedFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesFlexiblyManagedFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesFlexiblyManagedFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesFlexiblyManagedFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesFlexiblyManagedFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesFlexiblyManagedFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesFlexiblyManagedFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesFlexiblyManagedFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesFlexiblyManagedFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesFlexiblyManagedFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesFlexiblyManagedFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesFlexiblyManagedFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesFlexiblyManagedFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesFlexiblyManagedFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesFlexiblyManagedFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesFlexiblyManagedFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesFlexiblyManagedFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesFlexiblyManagedFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesBalancedFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesBalancedFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesBalancedFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesBalancedFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesBalancedFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesBalancedFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesBalancedFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesBalancedFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesBalancedFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesBalancedFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesBalancedFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesBalancedFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesBalancedFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesBalancedFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesBalancedFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesBalancedFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesBalancedFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesBalancedFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesLargeGrowthStockFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesLargeGrowthStockFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesLargeGrowthStockFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesLargeGrowthStockFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesLargeGrowthStockFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesLargeGrowthStockFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesLargeGrowthStockFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesLargeGrowthStockFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesLargeGrowthStockFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesLargeGrowthStockFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesLargeGrowthStockFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesLargeGrowthStockFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesLargeGrowthStockFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesLargeGrowthStockFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesLargeGrowthStockFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesLargeGrowthStockFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesLargeGrowthStockFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesLargeGrowthStockFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesLargeCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesLargeCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesLargeCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesLargeCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesLargeCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesLargeCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesLargeCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesLargeCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesLargeCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesLargeCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesLargeCapGrowthFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesLargeCapGrowthFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesLargeCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesLargeCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesLargeCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesLargeCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesLargeCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesLargeCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesLargeCoreGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesLargeCoreGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesLargeCoreGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesLargeCoreGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesLargeCoreGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesLargeCoreGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesLargeCoreGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesLargeCoreGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesLargeCoreGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesLargeCoreGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesLargeCoreGrowthFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesLargeCoreGrowthFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesLargeCoreGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesLargeCoreGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesLargeCoreGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesLargeCoreGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesLargeCoreGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesLargeCoreGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesLargeCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesLargeCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesLargeCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesLargeCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesLargeCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesLargeCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesLargeCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesLargeCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesLargeCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesLargeCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesLargeCapValueFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesLargeCapValueFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesLargeCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesLargeCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesLargeCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesLargeCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesLargeCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesLargeCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesLargeCoreValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesLargeCoreValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesLargeCoreValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesLargeCoreValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesLargeCoreValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesLargeCoreValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesLargeCoreValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesLargeCoreValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesLargeCoreValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesLargeCoreValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesLargeCoreValueFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesLargeCoreValueFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesLargeCoreValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesLargeCoreValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesLargeCoreValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesLargeCoreValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesLargeCoreValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesLargeCoreValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesIndex500Fund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesIndex500Fund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesIndex500Fund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesIndex500Fund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesIndex500Fund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesIndex500Fund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesIndex500Fund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesIndex500Fund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesIndex500Fund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesIndex500Fund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesIndex500FundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesIndex500FundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesIndex500Fund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesIndex500Fund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesIndex500Fund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesIndex500Fund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesIndex500Fund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesIndex500Fund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesMidCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesMidCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesMidCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesMidCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesMidCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesMidCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesMidCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesMidCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesMidCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesMidCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesMidCapGrowthFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesMidCapGrowthFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesMidCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesMidCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesMidCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesMidCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesMidCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesMidCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesMidCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesMidCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesMidCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesMidCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesMidCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesMidCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesMidCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesMidCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesMidCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesMidCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesMidCapValueFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesMidCapValueFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesMidCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesMidCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesMidCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesMidCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesMidCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesMidCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesMidCoreValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesMidCoreValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesMidCoreValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesMidCoreValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesMidCoreValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesMidCoreValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesMidCoreValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesMidCoreValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesMidCoreValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesMidCoreValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesMidCoreValueFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesMidCoreValueFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesMidCoreValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesMidCoreValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesMidCoreValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesMidCoreValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesMidCoreValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesMidCoreValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesSmidCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesSmidCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesSmidCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesSmidCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesSmidCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesSmidCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesSmidCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesSmidCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesSmidCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesSmidCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesSmidCapGrowthFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesSmidCapGrowthFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesSmidCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesSmidCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesSmidCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesSmidCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesSmidCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesSmidCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesSmidCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesSmidCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesSmidCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesSmidCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesSmidCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesSmidCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesSmidCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesSmidCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesSmidCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesSmidCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesSmidCapValueFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesSmidCapValueFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesSmidCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesSmidCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesSmidCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesSmidCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesSmidCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesSmidCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesSmallCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesSmallCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesSmallCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesSmallCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesSmallCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesSmallCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesSmallCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesSmallCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesSmallCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesSmallCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesSmallCapGrowthFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesSmallCapGrowthFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesSmallCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesSmallCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesSmallCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesSmallCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesSmallCapGrowthFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesSmallCapGrowthFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesSmallCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesSmallCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesSmallCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesSmallCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesSmallCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesSmallCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesSmallCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesSmallCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesSmallCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesSmallCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesSmallCapValueFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesSmallCapValueFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesSmallCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesSmallCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesSmallCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesSmallCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesSmallCapValueFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesSmallCapValueFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesSmallCapIndexFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesSmallCapIndexFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesSmallCapIndexFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesSmallCapIndexFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesSmallCapIndexFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesSmallCapIndexFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesSmallCapIndexFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesSmallCapIndexFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesSmallCapIndexFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesSmallCapIndexFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesSmallCapIndexFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesSmallCapIndexFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesSmallCapIndexFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesSmallCapIndexFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesSmallCapIndexFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesSmallCapIndexFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesSmallCapIndexFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesSmallCapIndexFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesDevelopedInternationalIndexFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesDevelopedInternationalIndexFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesDevelopedInternationalIndexFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesDevelopedInternationalIndexFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesDevelopedInternationalIndexFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesDevelopedInternationalIndexFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesDevelopedInternationalIndexFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesDevelopedInternationalIndexFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesDevelopedInternationalIndexFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesDevelopedInternationalIndexFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesDevelopedInternationalIndexFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesDevelopedInternationalIndexFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesDevelopedInternationalIndexFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesDevelopedInternationalIndexFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesDevelopedInternationalIndexFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesDevelopedInternationalIndexFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesDevelopedInternationalIndexFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesDevelopedInternationalIndexFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesInternationalEquityFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesInternationalEquityFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesInternationalEquityFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesInternationalEquityFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesInternationalEquityFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesInternationalEquityFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesInternationalEquityFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesInternationalEquityFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesInternationalEquityFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesInternationalEquityFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesInternationalEquityFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesInternationalEquityFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesInternationalEquityFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesInternationalEquityFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesInternationalEquityFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesInternationalEquityFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesInternationalEquityFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesInternationalEquityFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesEmergingMarketsEquityFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesEmergingMarketsEquityFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesEmergingMarketsEquityFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesEmergingMarketsEquityFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesEmergingMarketsEquityFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesEmergingMarketsEquityFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesEmergingMarketsEquityFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesEmergingMarketsEquityFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesEmergingMarketsEquityFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesEmergingMarketsEquityFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesEmergingMarketsEquityFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesEmergingMarketsEquityFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesEmergingMarketsEquityFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesEmergingMarketsEquityFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesEmergingMarketsEquityFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesEmergingMarketsEquityFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesEmergingMarketsEquityFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesEmergingMarketsEquityFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesRealEstateSecuritiesFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesRealEstateSecuritiesFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesRealEstateSecuritiesFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesRealEstateSecuritiesFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesRealEstateSecuritiesFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesRealEstateSecuritiesFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesRealEstateSecuritiesFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesRealEstateSecuritiesFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesRealEstateSecuritiesFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesRealEstateSecuritiesFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesRealEstateSecuritiesFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesRealEstateSecuritiesFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesRealEstateSecuritiesFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesRealEstateSecuritiesFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesRealEstateSecuritiesFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesRealEstateSecuritiesFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesRealEstateSecuritiesFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesRealEstateSecuritiesFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesAggressiveAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesAggressiveAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesAggressiveAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesAggressiveAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesAggressiveAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesAggressiveAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesAggressiveAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesAggressiveAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesAggressiveAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesAggressiveAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesAggressiveAllocationFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesAggressiveAllocationFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesAggressiveAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesAggressiveAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesAggressiveAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesAggressiveAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesAggressiveAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesAggressiveAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesModeratelyAggressiveAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesModeratelyAggressiveAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesModeratelyAggressiveAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesModeratelyAggressiveAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesModeratelyAggressiveAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesModeratelyAggressiveAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesModeratelyAggressiveAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesModeratelyAggressiveAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesModeratelyAggressiveAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesModeratelyAggressiveAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesModeratelyAggressiveAllocationFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesModeratelyAggressiveAllocationFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesModeratelyAggressiveAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesModeratelyAggressiveAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesModeratelyAggressiveAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesModeratelyAggressiveAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesModeratelyAggressiveAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesModeratelyAggressiveAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesModerateAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesModerateAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesModerateAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesModerateAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesModerateAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesModerateAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesModerateAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesModerateAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesModerateAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesModerateAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesModerateAllocationFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesModerateAllocationFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesModerateAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesModerateAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesModerateAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesModerateAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesModerateAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesModerateAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesModeratelyConservativeAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesModeratelyConservativeAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesModeratelyConservativeAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesModeratelyConservativeAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesModeratelyConservativeAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesModeratelyConservativeAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesModeratelyConservativeAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesModeratelyConservativeAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesModeratelyConservativeAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesModeratelyConservativeAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesModeratelyConservativeAllocationFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesModeratelyConservativeAllocationFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesModeratelyConservativeAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesModeratelyConservativeAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesModeratelyConservativeAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesModeratelyConservativeAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesModeratelyConservativeAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesModeratelyConservativeAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesConservativeAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnSummaryUnlabeledPennSeriesConservativeAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesConservativeAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleShareholderFeesPennSeriesConservativeAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesConservativeAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualFundOperatingExpensesPennSeriesConservativeAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesConservativeAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleTransposedPennSeriesConservativeAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesConservativeAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleExpenseExampleNoRedemptionTransposedPennSeriesConservativeAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesConservativeAllocationFundBarChart" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAnnualTotalReturnsPennSeriesConservativeAllocationFundBarChart" />
  <roleRef roleURI="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesConservativeAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleScheduleAverageAnnualTotalReturnsTransposedPennSeriesConservativeAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesConservativeAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDocumentRiskReturnDetailUnlabeledPennSeriesConservativeAllocationFund" />
  <roleRef roleURI="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesConservativeAllocationFund" xlink:type="simple" xlink:href="psfi-20150430.xsd#httpwwwpennmutualcomroleDisclosureRiskReturnDetailDataElementsPennSeriesConservativeAllocationFund" />
  <roleRef roleURI="http://xbrl.sec.gov/rr/role/RiskReturnDetailData" xlink:type="simple" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#RiskReturnDetailData" />
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentDocumentandEntityInformationElements" xlink:title="000000 - Document - Document and Entity Information {Elements}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentType" xlink:label="DocumentType" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DocumentType" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="DocumentPeriodEndDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DocumentPeriodEndDate" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="EntityCentralIndexKey" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityCentralIndexKey" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_AmendmentFlag" xlink:label="AmendmentFlag" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AmendmentFlag" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_AmendmentDescription" xlink:label="AmendmentDescription" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AmendmentDescription" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_TradingSymbol" xlink:label="TradingSymbol" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="TradingSymbol" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentEffectiveDate" xlink:label="DocumentEffectiveDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DocumentEffectiveDate" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentCreationDate" xlink:label="DocumentCreationDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DocumentCreationDate" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesMoneyMarketFund" xlink:title="000011 - Document - Risk/Return Summary {Unlabeled} - Penn Series Money Market Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006722Member" xlink:label="S000006722Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006722Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018285Member" xlink:label="C000018285Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018285Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesMoneyMarketFund" xlink:title="000012 - Schedule - Shareholder Fees {- Penn Series Money Market Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006722Member" xlink:label="S000006722Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006722Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018285Member" xlink:label="C000018285Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018285Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesMoneyMarketFund" xlink:title="000013 - Schedule - Annual Fund Operating Expenses {- Penn Series Money Market Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="160.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006722Member" xlink:label="S000006722Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006722Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018285Member" xlink:label="C000018285Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018285Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesMoneyMarketFund" xlink:title="000014 - Schedule - Expense Example {Transposed} {- Penn Series Money Market Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006722Member" xlink:label="S000006722Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006722Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018285Member" xlink:label="C000018285Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018285Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesMoneyMarketFund" xlink:title="000015 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Money Market Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006722Member" xlink:label="S000006722Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006722Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018285Member" xlink:label="C000018285Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018285Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesMoneyMarketFundBarChart" xlink:title="000016 - Schedule - Annual Total Returns - Penn Series Money Market Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006722Member" xlink:label="S000006722Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006722Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018285Member" xlink:label="C000018285Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018285Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesMoneyMarketFund" xlink:title="000017 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Money Market Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006722Member" xlink:label="S000006722Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006722Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018285Member" xlink:label="C000018285Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018285Member" order="40.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="30.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesMoneyMarketFund" xlink:title="000018 - Document - Risk/Return Detail {Unlabeled} - Penn Series Money Market Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006722Member" xlink:label="S000006722Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006722Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018285Member" xlink:label="C000018285Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018285Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesMoneyMarketFund" xlink:title="000019 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Money Market Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006722Member" xlink:label="S000006722Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006722Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018285Member" xlink:label="C000018285Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018285Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="330.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="390.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="410.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" use="optional" priority="2" order="1200.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" use="optional" priority="2" order="1210.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" use="optional" priority="2" order="1220.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" use="optional" priority="2" order="1230.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1240.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1640.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="1670.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="90.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesLimitedMaturityBondFund" xlink:title="000021 - Document - Risk/Return Summary {Unlabeled} - Penn Series Limited Maturity Bond Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006723Member" xlink:label="S000006723Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006723Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018286Member" xlink:label="C000018286Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018286Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesLimitedMaturityBondFund" xlink:title="000022 - Schedule - Shareholder Fees {- Penn Series Limited Maturity Bond Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006723Member" xlink:label="S000006723Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006723Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018286Member" xlink:label="C000018286Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018286Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesLimitedMaturityBondFund" xlink:title="000023 - Schedule - Annual Fund Operating Expenses {- Penn Series Limited Maturity Bond Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006723Member" xlink:label="S000006723Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006723Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018286Member" xlink:label="C000018286Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018286Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesLimitedMaturityBondFund" xlink:title="000024 - Schedule - Expense Example {Transposed} {- Penn Series Limited Maturity Bond Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006723Member" xlink:label="S000006723Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006723Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018286Member" xlink:label="C000018286Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018286Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesLimitedMaturityBondFund" xlink:title="000025 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Limited Maturity Bond Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006723Member" xlink:label="S000006723Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006723Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018286Member" xlink:label="C000018286Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018286Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesLimitedMaturityBondFundBarChart" xlink:title="000026 - Schedule - Annual Total Returns - Penn Series Limited Maturity Bond Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006723Member" xlink:label="S000006723Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006723Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018286Member" xlink:label="C000018286Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018286Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesLimitedMaturityBondFund" xlink:title="000027 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Limited Maturity Bond Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="130.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="140.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006723Member" xlink:label="S000006723Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006723Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_BarclaysUsGovernmentCreditYearsIndexMember" xlink:label="BarclaysUsGovernmentCreditYearsIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="BarclaysUsGovernmentCreditYearsIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018286Member" xlink:label="C000018286Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018286Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesLimitedMaturityBondFund" xlink:title="000028 - Document - Risk/Return Detail {Unlabeled} - Penn Series Limited Maturity Bond Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006723Member" xlink:label="S000006723Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006723Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018286Member" xlink:label="C000018286Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018286Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesLimitedMaturityBondFund" xlink:title="000029 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Limited Maturity Bond Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006723Member" xlink:label="S000006723Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006723Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_BarclaysUsGovernmentCreditYearsIndexMember" xlink:label="BarclaysUsGovernmentCreditYearsIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="BarclaysUsGovernmentCreditYearsIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018286Member" xlink:label="C000018286Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018286Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="410.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" use="optional" priority="2" order="1210.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" use="optional" priority="2" order="1220.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" use="optional" priority="2" order="1230.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" use="optional" priority="2" order="1240.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesQualityBondFund" xlink:title="000031 - Document - Risk/Return Summary {Unlabeled} - Penn Series Quality Bond Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006730Member" xlink:label="S000006730Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006730Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018293Member" xlink:label="C000018293Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018293Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesQualityBondFund" xlink:title="000032 - Schedule - Shareholder Fees {- Penn Series Quality Bond Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006730Member" xlink:label="S000006730Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006730Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018293Member" xlink:label="C000018293Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018293Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesQualityBondFund" xlink:title="000033 - Schedule - Annual Fund Operating Expenses {- Penn Series Quality Bond Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="160.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006730Member" xlink:label="S000006730Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006730Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018293Member" xlink:label="C000018293Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018293Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesQualityBondFund" xlink:title="000034 - Schedule - Expense Example {Transposed} {- Penn Series Quality Bond Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006730Member" xlink:label="S000006730Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006730Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018293Member" xlink:label="C000018293Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018293Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesQualityBondFund" xlink:title="000035 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Quality Bond Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006730Member" xlink:label="S000006730Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006730Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018293Member" xlink:label="C000018293Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018293Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesQualityBondFundBarChart" xlink:title="000036 - Schedule - Annual Total Returns - Penn Series Quality Bond Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006730Member" xlink:label="S000006730Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006730Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018293Member" xlink:label="C000018293Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018293Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesQualityBondFund" xlink:title="000037 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Quality Bond Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006730Member" xlink:label="S000006730Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006730Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_BarclaysUsAggregateBondIndexMember" xlink:label="BarclaysUsAggregateBondIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="BarclaysUsAggregateBondIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018293Member" xlink:label="C000018293Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018293Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesQualityBondFund" xlink:title="000038 - Document - Risk/Return Detail {Unlabeled} - Penn Series Quality Bond Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006730Member" xlink:label="S000006730Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006730Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018293Member" xlink:label="C000018293Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018293Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesQualityBondFund" xlink:title="000039 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Quality Bond Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006730Member" xlink:label="S000006730Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006730Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_BarclaysUsAggregateBondIndexMember" xlink:label="BarclaysUsAggregateBondIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="BarclaysUsAggregateBondIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018293Member" xlink:label="C000018293Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018293Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="410.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" use="optional" priority="2" order="1210.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" use="optional" priority="2" order="1220.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" use="optional" priority="2" order="1230.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" use="optional" priority="2" order="1240.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesHighYieldBondFund" xlink:title="000041 - Document - Risk/Return Summary {Unlabeled} - Penn Series High Yield Bond Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006731Member" xlink:label="S000006731Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006731Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018294Member" xlink:label="C000018294Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018294Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesHighYieldBondFund" xlink:title="000042 - Schedule - Shareholder Fees {- Penn Series High Yield Bond Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006731Member" xlink:label="S000006731Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006731Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018294Member" xlink:label="C000018294Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018294Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesHighYieldBondFund" xlink:title="000043 - Schedule - Annual Fund Operating Expenses {- Penn Series High Yield Bond Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006731Member" xlink:label="S000006731Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006731Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018294Member" xlink:label="C000018294Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018294Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesHighYieldBondFund" xlink:title="000044 - Schedule - Expense Example {Transposed} {- Penn Series High Yield Bond Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006731Member" xlink:label="S000006731Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006731Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018294Member" xlink:label="C000018294Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018294Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesHighYieldBondFund" xlink:title="000045 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series High Yield Bond Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006731Member" xlink:label="S000006731Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006731Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018294Member" xlink:label="C000018294Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018294Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesHighYieldBondFundBarChart" xlink:title="000046 - Schedule - Annual Total Returns - Penn Series High Yield Bond Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006731Member" xlink:label="S000006731Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006731Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018294Member" xlink:label="C000018294Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018294Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesHighYieldBondFund" xlink:title="000047 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series High Yield Bond Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006731Member" xlink:label="S000006731Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006731Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_CreditSuisseHighYieldIndexMember" xlink:label="CreditSuisseHighYieldIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="CreditSuisseHighYieldIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018294Member" xlink:label="C000018294Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018294Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesHighYieldBondFund" xlink:title="000048 - Document - Risk/Return Detail {Unlabeled} - Penn Series High Yield Bond Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006731Member" xlink:label="S000006731Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006731Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018294Member" xlink:label="C000018294Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018294Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesHighYieldBondFund" xlink:title="000049 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series High Yield Bond Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006731Member" xlink:label="S000006731Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006731Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_CreditSuisseHighYieldIndexMember" xlink:label="CreditSuisseHighYieldIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="CreditSuisseHighYieldIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018294Member" xlink:label="C000018294Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018294Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" use="optional" priority="2" order="720.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" use="optional" priority="2" order="730.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" use="optional" priority="2" order="740.0" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" use="optional" priority="2" order="1210.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" use="optional" priority="2" order="1220.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" use="optional" priority="2" order="1230.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" use="optional" priority="2" order="1240.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesFlexiblyManagedFund" xlink:title="000051 - Document - Risk/Return Summary {Unlabeled} - Penn Series Flexibly Managed Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006734Member" xlink:label="S000006734Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006734Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018297Member" xlink:label="C000018297Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018297Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesFlexiblyManagedFund" xlink:title="000052 - Schedule - Shareholder Fees {- Penn Series Flexibly Managed Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006734Member" xlink:label="S000006734Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006734Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018297Member" xlink:label="C000018297Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018297Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesFlexiblyManagedFund" xlink:title="000053 - Schedule - Annual Fund Operating Expenses {- Penn Series Flexibly Managed Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006734Member" xlink:label="S000006734Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006734Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018297Member" xlink:label="C000018297Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018297Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesFlexiblyManagedFund" xlink:title="000054 - Schedule - Expense Example {Transposed} {- Penn Series Flexibly Managed Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006734Member" xlink:label="S000006734Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006734Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018297Member" xlink:label="C000018297Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018297Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesFlexiblyManagedFund" xlink:title="000055 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Flexibly Managed Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006734Member" xlink:label="S000006734Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006734Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018297Member" xlink:label="C000018297Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018297Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesFlexiblyManagedFundBarChart" xlink:title="000056 - Schedule - Annual Total Returns - Penn Series Flexibly Managed Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006734Member" xlink:label="S000006734Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006734Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018297Member" xlink:label="C000018297Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018297Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesFlexiblyManagedFund" xlink:title="000057 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Flexibly Managed Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006734Member" xlink:label="S000006734Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006734Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_SandpFiveHundredIndexMember" xlink:label="SandpFiveHundredIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="SandpFiveHundredIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018297Member" xlink:label="C000018297Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018297Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesFlexiblyManagedFund" xlink:title="000058 - Document - Risk/Return Detail {Unlabeled} - Penn Series Flexibly Managed Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006734Member" xlink:label="S000006734Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006734Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018297Member" xlink:label="C000018297Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018297Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesFlexiblyManagedFund" xlink:title="000059 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Flexibly Managed Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006734Member" xlink:label="S000006734Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006734Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_SandpFiveHundredIndexMember" xlink:label="SandpFiveHundredIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="SandpFiveHundredIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018297Member" xlink:label="C000018297Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018297Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" use="optional" priority="2" order="1210.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" use="optional" priority="2" order="1220.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" use="optional" priority="2" order="1230.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" use="optional" priority="2" order="1240.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesBalancedFund" xlink:title="000061 - Document - Risk/Return Summary {Unlabeled} - Penn Series Balanced Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022081Member" xlink:label="S000022081Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022081Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063372Member" xlink:label="C000063372Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063372Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesBalancedFund" xlink:title="000062 - Schedule - Shareholder Fees {- Penn Series Balanced Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022081Member" xlink:label="S000022081Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022081Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063372Member" xlink:label="C000063372Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063372Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesBalancedFund" xlink:title="000063 - Schedule - Annual Fund Operating Expenses {- Penn Series Balanced Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="160.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022081Member" xlink:label="S000022081Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022081Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063372Member" xlink:label="C000063372Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063372Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesBalancedFund" xlink:title="000064 - Schedule - Expense Example {Transposed} {- Penn Series Balanced Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022081Member" xlink:label="S000022081Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022081Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063372Member" xlink:label="C000063372Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063372Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesBalancedFund" xlink:title="000065 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Balanced Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022081Member" xlink:label="S000022081Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022081Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063372Member" xlink:label="C000063372Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063372Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesBalancedFundBarChart" xlink:title="000066 - Schedule - Annual Total Returns - Penn Series Balanced Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022081Member" xlink:label="S000022081Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022081Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063372Member" xlink:label="C000063372Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063372Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesBalancedFund" xlink:title="000067 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Balanced Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="130.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="140.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022081Member" xlink:label="S000022081Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022081Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_SandpFiveHundredIndexMember" xlink:label="SandpFiveHundredIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="SandpFiveHundredIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063372Member" xlink:label="C000063372Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063372Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesBalancedFund" xlink:title="000068 - Document - Risk/Return Detail {Unlabeled} - Penn Series Balanced Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022081Member" xlink:label="S000022081Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022081Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063372Member" xlink:label="C000063372Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063372Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesBalancedFund" xlink:title="000069 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Balanced Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022081Member" xlink:label="S000022081Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022081Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_SandpFiveHundredIndexMember" xlink:label="SandpFiveHundredIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="SandpFiveHundredIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063372Member" xlink:label="C000063372Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063372Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="410.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" order="1210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" order="1220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" order="1230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" order="1240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesLargeGrowthStockFund" xlink:title="000071 - Document - Risk/Return Summary {Unlabeled} - Penn Series Large Growth Stock Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006732Member" xlink:label="S000006732Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006732Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018295Member" xlink:label="C000018295Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018295Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesLargeGrowthStockFund" xlink:title="000072 - Schedule - Shareholder Fees {- Penn Series Large Growth Stock Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006732Member" xlink:label="S000006732Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006732Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018295Member" xlink:label="C000018295Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018295Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesLargeGrowthStockFund" xlink:title="000073 - Schedule - Annual Fund Operating Expenses {- Penn Series Large Growth Stock Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006732Member" xlink:label="S000006732Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006732Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018295Member" xlink:label="C000018295Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018295Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesLargeGrowthStockFund" xlink:title="000074 - Schedule - Expense Example {Transposed} {- Penn Series Large Growth Stock Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006732Member" xlink:label="S000006732Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006732Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018295Member" xlink:label="C000018295Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018295Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesLargeGrowthStockFund" xlink:title="000075 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Large Growth Stock Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006732Member" xlink:label="S000006732Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006732Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018295Member" xlink:label="C000018295Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018295Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesLargeGrowthStockFundBarChart" xlink:title="000076 - Schedule - Annual Total Returns - Penn Series Large Growth Stock Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006732Member" xlink:label="S000006732Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006732Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018295Member" xlink:label="C000018295Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018295Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesLargeGrowthStockFund" xlink:title="000077 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Large Growth Stock Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006732Member" xlink:label="S000006732Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006732Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTenHundredGrowthIndexMember" xlink:label="RussellTenHundredGrowthIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTenHundredGrowthIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018295Member" xlink:label="C000018295Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018295Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesLargeGrowthStockFund" xlink:title="000078 - Document - Risk/Return Detail {Unlabeled} - Penn Series Large Growth Stock Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006732Member" xlink:label="S000006732Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006732Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018295Member" xlink:label="C000018295Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018295Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesLargeGrowthStockFund" xlink:title="000079 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Large Growth Stock Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006732Member" xlink:label="S000006732Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006732Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTenHundredGrowthIndexMember" xlink:label="RussellTenHundredGrowthIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTenHundredGrowthIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018295Member" xlink:label="C000018295Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018295Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" use="optional" priority="2" order="1210.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" use="optional" priority="2" order="1220.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" use="optional" priority="2" order="1230.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" use="optional" priority="2" order="1240.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesLargeCapGrowthFund" xlink:title="000081 - Document - Risk/Return Summary {Unlabeled} - Penn Series Large Cap Growth Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006727Member" xlink:label="S000006727Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006727Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018290Member" xlink:label="C000018290Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018290Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesLargeCapGrowthFund" xlink:title="000082 - Schedule - Shareholder Fees {- Penn Series Large Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006727Member" xlink:label="S000006727Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006727Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018290Member" xlink:label="C000018290Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018290Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesLargeCapGrowthFund" xlink:title="000083 - Schedule - Annual Fund Operating Expenses {- Penn Series Large Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" use="optional" priority="2" order="180.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" use="optional" priority="2" order="190.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006727Member" xlink:label="S000006727Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006727Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018290Member" xlink:label="C000018290Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018290Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesLargeCapGrowthFund" xlink:title="000084 - Schedule - Expense Example {Transposed} {- Penn Series Large Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006727Member" xlink:label="S000006727Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006727Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018290Member" xlink:label="C000018290Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018290Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesLargeCapGrowthFund" xlink:title="000085 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Large Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006727Member" xlink:label="S000006727Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006727Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018290Member" xlink:label="C000018290Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018290Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesLargeCapGrowthFundBarChart" xlink:title="000086 - Schedule - Annual Total Returns - Penn Series Large Cap Growth Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006727Member" xlink:label="S000006727Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006727Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018290Member" xlink:label="C000018290Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018290Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesLargeCapGrowthFund" xlink:title="000087 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Large Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006727Member" xlink:label="S000006727Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006727Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTenHundredGrowthIndexMember" xlink:label="RussellTenHundredGrowthIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTenHundredGrowthIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018290Member" xlink:label="C000018290Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018290Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesLargeCapGrowthFund" xlink:title="000088 - Document - Risk/Return Detail {Unlabeled} - Penn Series Large Cap Growth Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006727Member" xlink:label="S000006727Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006727Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018290Member" xlink:label="C000018290Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018290Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesLargeCapGrowthFund" xlink:title="000089 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Large Cap Growth Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006727Member" xlink:label="S000006727Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006727Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTenHundredGrowthIndexMember" xlink:label="RussellTenHundredGrowthIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTenHundredGrowthIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018290Member" xlink:label="C000018290Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018290Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" use="optional" priority="2" order="430.0" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" use="optional" priority="2" order="440.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" use="optional" priority="2" order="1210.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" use="optional" priority="2" order="1220.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" use="optional" priority="2" order="1230.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" use="optional" priority="2" order="1240.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" order="1650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" order="1660.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="1670.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesLargeCoreGrowthFund" xlink:title="000091 - Document - Risk/Return Summary {Unlabeled} - Penn Series Large Core Growth Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022085Member" xlink:label="S000022085Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022085Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063376Member" xlink:label="C000063376Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063376Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesLargeCoreGrowthFund" xlink:title="000092 - Schedule - Shareholder Fees {- Penn Series Large Core Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022085Member" xlink:label="S000022085Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022085Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063376Member" xlink:label="C000063376Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063376Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesLargeCoreGrowthFund" xlink:title="000093 - Schedule - Annual Fund Operating Expenses {- Penn Series Large Core Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022085Member" xlink:label="S000022085Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022085Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063376Member" xlink:label="C000063376Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063376Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesLargeCoreGrowthFund" xlink:title="000094 - Schedule - Expense Example {Transposed} {- Penn Series Large Core Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022085Member" xlink:label="S000022085Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022085Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063376Member" xlink:label="C000063376Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063376Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesLargeCoreGrowthFund" xlink:title="000095 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Large Core Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022085Member" xlink:label="S000022085Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022085Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063376Member" xlink:label="C000063376Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063376Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesLargeCoreGrowthFundBarChart" xlink:title="000096 - Schedule - Annual Total Returns - Penn Series Large Core Growth Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="310.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="320.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="330.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022085Member" xlink:label="S000022085Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022085Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063376Member" xlink:label="C000063376Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063376Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesLargeCoreGrowthFund" xlink:title="000097 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Large Core Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="130.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="140.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022085Member" xlink:label="S000022085Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022085Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTenHundredGrowthIndexMember" xlink:label="RussellTenHundredGrowthIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTenHundredGrowthIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063376Member" xlink:label="C000063376Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063376Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesLargeCoreGrowthFund" xlink:title="000098 - Document - Risk/Return Detail {Unlabeled} - Penn Series Large Core Growth Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022085Member" xlink:label="S000022085Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022085Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063376Member" xlink:label="C000063376Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063376Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesLargeCoreGrowthFund" xlink:title="000099 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Large Core Growth Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022085Member" xlink:label="S000022085Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022085Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTenHundredGrowthIndexMember" xlink:label="RussellTenHundredGrowthIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTenHundredGrowthIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063376Member" xlink:label="C000063376Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063376Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" order="1210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" order="1220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" order="1230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" order="1240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="1670.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="1680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="1690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesLargeCapValueFund" xlink:title="000101 - Document - Risk/Return Summary {Unlabeled} - Penn Series Large Cap Value Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006733Member" xlink:label="S000006733Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006733Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018296Member" xlink:label="C000018296Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018296Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesLargeCapValueFund" xlink:title="000102 - Schedule - Shareholder Fees {- Penn Series Large Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006733Member" xlink:label="S000006733Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006733Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018296Member" xlink:label="C000018296Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018296Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesLargeCapValueFund" xlink:title="000103 - Schedule - Annual Fund Operating Expenses {- Penn Series Large Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006733Member" xlink:label="S000006733Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006733Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018296Member" xlink:label="C000018296Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018296Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesLargeCapValueFund" xlink:title="000104 - Schedule - Expense Example {Transposed} {- Penn Series Large Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006733Member" xlink:label="S000006733Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006733Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018296Member" xlink:label="C000018296Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018296Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesLargeCapValueFund" xlink:title="000105 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Large Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006733Member" xlink:label="S000006733Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006733Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018296Member" xlink:label="C000018296Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018296Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesLargeCapValueFundBarChart" xlink:title="000106 - Schedule - Annual Total Returns - Penn Series Large Cap Value Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006733Member" xlink:label="S000006733Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006733Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018296Member" xlink:label="C000018296Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018296Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesLargeCapValueFund" xlink:title="000107 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Large Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006733Member" xlink:label="S000006733Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006733Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTenHundredValueIndexMember" xlink:label="RussellTenHundredValueIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTenHundredValueIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018296Member" xlink:label="C000018296Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018296Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesLargeCapValueFund" xlink:title="000108 - Document - Risk/Return Detail {Unlabeled} - Penn Series Large Cap Value Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006733Member" xlink:label="S000006733Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006733Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018296Member" xlink:label="C000018296Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018296Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesLargeCapValueFund" xlink:title="000109 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Large Cap Value Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006733Member" xlink:label="S000006733Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006733Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTenHundredValueIndexMember" xlink:label="RussellTenHundredValueIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTenHundredValueIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018296Member" xlink:label="C000018296Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018296Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" use="optional" priority="2" order="1210.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" use="optional" priority="2" order="1220.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" use="optional" priority="2" order="1230.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" use="optional" priority="2" order="1240.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesLargeCoreValueFund" xlink:title="000111 - Document - Risk/Return Summary {Unlabeled} - Penn Series Large Core Value Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022086Member" xlink:label="S000022086Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022086Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063377Member" xlink:label="C000063377Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063377Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesLargeCoreValueFund" xlink:title="000112 - Schedule - Shareholder Fees {- Penn Series Large Core Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022086Member" xlink:label="S000022086Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022086Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063377Member" xlink:label="C000063377Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063377Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesLargeCoreValueFund" xlink:title="000113 - Schedule - Annual Fund Operating Expenses {- Penn Series Large Core Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022086Member" xlink:label="S000022086Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022086Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063377Member" xlink:label="C000063377Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063377Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesLargeCoreValueFund" xlink:title="000114 - Schedule - Expense Example {Transposed} {- Penn Series Large Core Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022086Member" xlink:label="S000022086Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022086Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063377Member" xlink:label="C000063377Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063377Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesLargeCoreValueFund" xlink:title="000115 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Large Core Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022086Member" xlink:label="S000022086Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022086Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063377Member" xlink:label="C000063377Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063377Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesLargeCoreValueFundBarChart" xlink:title="000116 - Schedule - Annual Total Returns - Penn Series Large Core Value Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022086Member" xlink:label="S000022086Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022086Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063377Member" xlink:label="C000063377Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063377Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesLargeCoreValueFund" xlink:title="000117 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Large Core Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="130.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="140.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022086Member" xlink:label="S000022086Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022086Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTenHundredValueIndexMember" xlink:label="RussellTenHundredValueIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTenHundredValueIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063377Member" xlink:label="C000063377Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063377Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesLargeCoreValueFund" xlink:title="000118 - Document - Risk/Return Detail {Unlabeled} - Penn Series Large Core Value Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022086Member" xlink:label="S000022086Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022086Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063377Member" xlink:label="C000063377Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063377Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesLargeCoreValueFund" xlink:title="000119 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Large Core Value Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022086Member" xlink:label="S000022086Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022086Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTenHundredValueIndexMember" xlink:label="RussellTenHundredValueIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTenHundredValueIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063377Member" xlink:label="C000063377Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063377Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" order="1210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" order="1220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" order="1230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" order="1240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="1680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="1690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesIndex500Fund" xlink:title="000121 - Document - Risk/Return Summary {Unlabeled} - Penn Series Index 500 Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006724Member" xlink:label="S000006724Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006724Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018287Member" xlink:label="C000018287Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018287Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesIndex500Fund" xlink:title="000122 - Schedule - Shareholder Fees {- Penn Series Index 500 Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006724Member" xlink:label="S000006724Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006724Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018287Member" xlink:label="C000018287Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018287Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesIndex500Fund" xlink:title="000123 - Schedule - Annual Fund Operating Expenses {- Penn Series Index 500 Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006724Member" xlink:label="S000006724Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006724Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018287Member" xlink:label="C000018287Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018287Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesIndex500Fund" xlink:title="000124 - Schedule - Expense Example {Transposed} {- Penn Series Index 500 Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006724Member" xlink:label="S000006724Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006724Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018287Member" xlink:label="C000018287Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018287Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesIndex500Fund" xlink:title="000125 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Index 500 Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006724Member" xlink:label="S000006724Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006724Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018287Member" xlink:label="C000018287Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018287Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesIndex500FundBarChart" xlink:title="000126 - Schedule - Annual Total Returns - Penn Series Index 500 Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006724Member" xlink:label="S000006724Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006724Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018287Member" xlink:label="C000018287Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018287Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesIndex500Fund" xlink:title="000127 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Index 500 Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006724Member" xlink:label="S000006724Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006724Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_SandpFiveHundredIndexMember" xlink:label="SandpFiveHundredIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="SandpFiveHundredIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018287Member" xlink:label="C000018287Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018287Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesIndex500Fund" xlink:title="000128 - Document - Risk/Return Detail {Unlabeled} - Penn Series Index 500 Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006724Member" xlink:label="S000006724Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006724Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018287Member" xlink:label="C000018287Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018287Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesIndex500Fund" xlink:title="000129 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Index 500 Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006724Member" xlink:label="S000006724Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006724Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_SandpFiveHundredIndexMember" xlink:label="SandpFiveHundredIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="SandpFiveHundredIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018287Member" xlink:label="C000018287Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018287Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" use="optional" priority="2" order="1210.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" use="optional" priority="2" order="1220.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" use="optional" priority="2" order="1230.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" use="optional" priority="2" order="1240.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesMidCapGrowthFund" xlink:title="000131 - Document - Risk/Return Summary {Unlabeled} - Penn Series Mid Cap Growth Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006725Member" xlink:label="S000006725Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006725Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018288Member" xlink:label="C000018288Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018288Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesMidCapGrowthFund" xlink:title="000132 - Schedule - Shareholder Fees {- Penn Series Mid Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006725Member" xlink:label="S000006725Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006725Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018288Member" xlink:label="C000018288Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018288Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesMidCapGrowthFund" xlink:title="000133 - Schedule - Annual Fund Operating Expenses {- Penn Series Mid Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006725Member" xlink:label="S000006725Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006725Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018288Member" xlink:label="C000018288Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018288Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesMidCapGrowthFund" xlink:title="000134 - Schedule - Expense Example {Transposed} {- Penn Series Mid Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006725Member" xlink:label="S000006725Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006725Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018288Member" xlink:label="C000018288Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018288Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesMidCapGrowthFund" xlink:title="000135 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Mid Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006725Member" xlink:label="S000006725Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006725Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018288Member" xlink:label="C000018288Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018288Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesMidCapGrowthFundBarChart" xlink:title="000136 - Schedule - Annual Total Returns - Penn Series Mid Cap Growth Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006725Member" xlink:label="S000006725Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006725Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018288Member" xlink:label="C000018288Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018288Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesMidCapGrowthFund" xlink:title="000137 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Mid Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006725Member" xlink:label="S000006725Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006725Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellMidcapGrowthIndexMember" xlink:label="RussellMidcapGrowthIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellMidcapGrowthIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018288Member" xlink:label="C000018288Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018288Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesMidCapGrowthFund" xlink:title="000138 - Document - Risk/Return Detail {Unlabeled} - Penn Series Mid Cap Growth Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006725Member" xlink:label="S000006725Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006725Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018288Member" xlink:label="C000018288Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018288Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesMidCapGrowthFund" xlink:title="000139 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Mid Cap Growth Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006725Member" xlink:label="S000006725Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006725Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellMidcapGrowthIndexMember" xlink:label="RussellMidcapGrowthIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellMidcapGrowthIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018288Member" xlink:label="C000018288Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018288Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" use="optional" priority="2" order="1210.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" use="optional" priority="2" order="1220.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" use="optional" priority="2" order="1230.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" use="optional" priority="2" order="1240.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesMidCapValueFund" xlink:title="000141 - Document - Risk/Return Summary {Unlabeled} - Penn Series Mid Cap Value Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006726Member" xlink:label="S000006726Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006726Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018289Member" xlink:label="C000018289Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018289Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesMidCapValueFund" xlink:title="000142 - Schedule - Shareholder Fees {- Penn Series Mid Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006726Member" xlink:label="S000006726Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006726Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018289Member" xlink:label="C000018289Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018289Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesMidCapValueFund" xlink:title="000143 - Schedule - Annual Fund Operating Expenses {- Penn Series Mid Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006726Member" xlink:label="S000006726Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006726Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018289Member" xlink:label="C000018289Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018289Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesMidCapValueFund" xlink:title="000144 - Schedule - Expense Example {Transposed} {- Penn Series Mid Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006726Member" xlink:label="S000006726Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006726Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018289Member" xlink:label="C000018289Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018289Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesMidCapValueFund" xlink:title="000145 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Mid Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006726Member" xlink:label="S000006726Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006726Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018289Member" xlink:label="C000018289Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018289Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesMidCapValueFundBarChart" xlink:title="000146 - Schedule - Annual Total Returns - Penn Series Mid Cap Value Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006726Member" xlink:label="S000006726Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006726Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018289Member" xlink:label="C000018289Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018289Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesMidCapValueFund" xlink:title="000147 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Mid Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006726Member" xlink:label="S000006726Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006726Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellMidcapValueIndexMember" xlink:label="RussellMidcapValueIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellMidcapValueIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018289Member" xlink:label="C000018289Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018289Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesMidCapValueFund" xlink:title="000148 - Document - Risk/Return Detail {Unlabeled} - Penn Series Mid Cap Value Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006726Member" xlink:label="S000006726Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006726Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018289Member" xlink:label="C000018289Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018289Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesMidCapValueFund" xlink:title="000149 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Mid Cap Value Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006726Member" xlink:label="S000006726Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006726Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellMidcapValueIndexMember" xlink:label="RussellMidcapValueIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellMidcapValueIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018289Member" xlink:label="C000018289Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018289Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" use="optional" priority="2" order="1210.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" use="optional" priority="2" order="1220.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" use="optional" priority="2" order="1230.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" use="optional" priority="2" order="1240.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesMidCoreValueFund" xlink:title="000151 - Document - Risk/Return Summary {Unlabeled} - Penn Series Mid Core Value Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006728Member" xlink:label="S000006728Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006728Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018291Member" xlink:label="C000018291Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018291Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesMidCoreValueFund" xlink:title="000152 - Schedule - Shareholder Fees {- Penn Series Mid Core Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006728Member" xlink:label="S000006728Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006728Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018291Member" xlink:label="C000018291Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018291Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesMidCoreValueFund" xlink:title="000153 - Schedule - Annual Fund Operating Expenses {- Penn Series Mid Core Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="160.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006728Member" xlink:label="S000006728Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006728Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018291Member" xlink:label="C000018291Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018291Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesMidCoreValueFund" xlink:title="000154 - Schedule - Expense Example {Transposed} {- Penn Series Mid Core Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006728Member" xlink:label="S000006728Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006728Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018291Member" xlink:label="C000018291Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018291Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesMidCoreValueFund" xlink:title="000155 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Mid Core Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006728Member" xlink:label="S000006728Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006728Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018291Member" xlink:label="C000018291Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018291Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesMidCoreValueFundBarChart" xlink:title="000156 - Schedule - Annual Total Returns - Penn Series Mid Core Value Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006728Member" xlink:label="S000006728Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006728Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018291Member" xlink:label="C000018291Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018291Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesMidCoreValueFund" xlink:title="000157 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Mid Core Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006728Member" xlink:label="S000006728Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006728Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellMidcapValueIndexMember" xlink:label="RussellMidcapValueIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellMidcapValueIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018291Member" xlink:label="C000018291Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018291Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesMidCoreValueFund" xlink:title="000158 - Document - Risk/Return Detail {Unlabeled} - Penn Series Mid Core Value Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006728Member" xlink:label="S000006728Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006728Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018291Member" xlink:label="C000018291Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018291Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesMidCoreValueFund" xlink:title="000159 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Mid Core Value Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006728Member" xlink:label="S000006728Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006728Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellMidcapValueIndexMember" xlink:label="RussellMidcapValueIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellMidcapValueIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018291Member" xlink:label="C000018291Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018291Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="410.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" use="optional" priority="2" order="1210.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" use="optional" priority="2" order="1220.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" use="optional" priority="2" order="1230.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" use="optional" priority="2" order="1240.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesSmidCapGrowthFund" xlink:title="000161 - Document - Risk/Return Summary {Unlabeled} - Penn Series Smid Cap Growth Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022079Member" xlink:label="S000022079Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022079Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063370Member" xlink:label="C000063370Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063370Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesSmidCapGrowthFund" xlink:title="000162 - Schedule - Shareholder Fees {- Penn Series Smid Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022079Member" xlink:label="S000022079Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022079Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063370Member" xlink:label="C000063370Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063370Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesSmidCapGrowthFund" xlink:title="000163 - Schedule - Annual Fund Operating Expenses {- Penn Series Smid Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022079Member" xlink:label="S000022079Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022079Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063370Member" xlink:label="C000063370Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063370Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesSmidCapGrowthFund" xlink:title="000164 - Schedule - Expense Example {Transposed} {- Penn Series Smid Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022079Member" xlink:label="S000022079Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022079Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063370Member" xlink:label="C000063370Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063370Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesSmidCapGrowthFund" xlink:title="000165 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Smid Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022079Member" xlink:label="S000022079Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022079Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063370Member" xlink:label="C000063370Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063370Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesSmidCapGrowthFundBarChart" xlink:title="000166 - Schedule - Annual Total Returns - Penn Series Smid Cap Growth Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022079Member" xlink:label="S000022079Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022079Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063370Member" xlink:label="C000063370Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063370Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesSmidCapGrowthFund" xlink:title="000167 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Smid Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="130.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="140.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022079Member" xlink:label="S000022079Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022079Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTwentyFiveHundredGrowthIndexMember" xlink:label="RussellTwentyFiveHundredGrowthIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTwentyFiveHundredGrowthIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063370Member" xlink:label="C000063370Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063370Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesSmidCapGrowthFund" xlink:title="000168 - Document - Risk/Return Detail {Unlabeled} - Penn Series Smid Cap Growth Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022079Member" xlink:label="S000022079Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022079Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063370Member" xlink:label="C000063370Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063370Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesSmidCapGrowthFund" xlink:title="000169 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Smid Cap Growth Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022079Member" xlink:label="S000022079Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022079Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTwentyFiveHundredGrowthIndexMember" xlink:label="RussellTwentyFiveHundredGrowthIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTwentyFiveHundredGrowthIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063370Member" xlink:label="C000063370Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063370Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" order="1210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" order="1220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" order="1230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" order="1240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="1670.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="1680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="1690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesSmidCapValueFund" xlink:title="000171 - Document - Risk/Return Summary {Unlabeled} - Penn Series Smid Cap Value Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022080Member" xlink:label="S000022080Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022080Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063371Member" xlink:label="C000063371Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063371Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesSmidCapValueFund" xlink:title="000172 - Schedule - Shareholder Fees {- Penn Series Smid Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022080Member" xlink:label="S000022080Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022080Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063371Member" xlink:label="C000063371Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063371Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesSmidCapValueFund" xlink:title="000173 - Schedule - Annual Fund Operating Expenses {- Penn Series Smid Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022080Member" xlink:label="S000022080Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022080Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063371Member" xlink:label="C000063371Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063371Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesSmidCapValueFund" xlink:title="000174 - Schedule - Expense Example {Transposed} {- Penn Series Smid Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022080Member" xlink:label="S000022080Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022080Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063371Member" xlink:label="C000063371Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063371Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesSmidCapValueFund" xlink:title="000175 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Smid Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022080Member" xlink:label="S000022080Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022080Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063371Member" xlink:label="C000063371Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063371Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesSmidCapValueFundBarChart" xlink:title="000176 - Schedule - Annual Total Returns - Penn Series Smid Cap Value Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022080Member" xlink:label="S000022080Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022080Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063371Member" xlink:label="C000063371Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063371Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesSmidCapValueFund" xlink:title="000177 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Smid Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="130.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="140.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022080Member" xlink:label="S000022080Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022080Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTwentyFiveValueIndexMember" xlink:label="RussellTwentyFiveValueIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTwentyFiveValueIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063371Member" xlink:label="C000063371Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063371Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesSmidCapValueFund" xlink:title="000178 - Document - Risk/Return Detail {Unlabeled} - Penn Series Smid Cap Value Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022080Member" xlink:label="S000022080Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022080Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063371Member" xlink:label="C000063371Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063371Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesSmidCapValueFund" xlink:title="000179 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Smid Cap Value Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022080Member" xlink:label="S000022080Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022080Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTwentyFiveValueIndexMember" xlink:label="RussellTwentyFiveValueIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTwentyFiveValueIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063371Member" xlink:label="C000063371Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063371Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" order="1210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" order="1220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" order="1230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" order="1240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="1670.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="1680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="1690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesSmallCapGrowthFund" xlink:title="000181 - Document - Risk/Return Summary {Unlabeled} - Penn Series Small Cap Growth Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006737Member" xlink:label="S000006737Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006737Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018300Member" xlink:label="C000018300Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018300Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesSmallCapGrowthFund" xlink:title="000182 - Schedule - Shareholder Fees {- Penn Series Small Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006737Member" xlink:label="S000006737Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006737Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018300Member" xlink:label="C000018300Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018300Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesSmallCapGrowthFund" xlink:title="000183 - Schedule - Annual Fund Operating Expenses {- Penn Series Small Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006737Member" xlink:label="S000006737Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006737Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018300Member" xlink:label="C000018300Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018300Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesSmallCapGrowthFund" xlink:title="000184 - Schedule - Expense Example {Transposed} {- Penn Series Small Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006737Member" xlink:label="S000006737Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006737Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018300Member" xlink:label="C000018300Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018300Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesSmallCapGrowthFund" xlink:title="000185 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Small Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006737Member" xlink:label="S000006737Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006737Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018300Member" xlink:label="C000018300Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018300Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesSmallCapGrowthFundBarChart" xlink:title="000186 - Schedule - Annual Total Returns - Penn Series Small Cap Growth Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006737Member" xlink:label="S000006737Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006737Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018300Member" xlink:label="C000018300Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018300Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesSmallCapGrowthFund" xlink:title="000187 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Small Cap Growth Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006737Member" xlink:label="S000006737Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006737Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTwentyHundredGrowthIndexMember" xlink:label="RussellTwentyHundredGrowthIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTwentyHundredGrowthIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018300Member" xlink:label="C000018300Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018300Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesSmallCapGrowthFund" xlink:title="000188 - Document - Risk/Return Detail {Unlabeled} - Penn Series Small Cap Growth Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006737Member" xlink:label="S000006737Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006737Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018300Member" xlink:label="C000018300Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018300Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesSmallCapGrowthFund" xlink:title="000189 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Small Cap Growth Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006737Member" xlink:label="S000006737Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006737Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTwentyHundredGrowthIndexMember" xlink:label="RussellTwentyHundredGrowthIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTwentyHundredGrowthIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018300Member" xlink:label="C000018300Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018300Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="410.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" use="optional" priority="2" order="1210.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" use="optional" priority="2" order="1220.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" use="optional" priority="2" order="1230.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" use="optional" priority="2" order="1240.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesSmallCapValueFund" xlink:title="000191 - Document - Risk/Return Summary {Unlabeled} - Penn Series Small Cap Value Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006736Member" xlink:label="S000006736Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006736Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018299Member" xlink:label="C000018299Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018299Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesSmallCapValueFund" xlink:title="000192 - Schedule - Shareholder Fees {- Penn Series Small Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006736Member" xlink:label="S000006736Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006736Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018299Member" xlink:label="C000018299Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018299Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesSmallCapValueFund" xlink:title="000193 - Schedule - Annual Fund Operating Expenses {- Penn Series Small Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="160.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006736Member" xlink:label="S000006736Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006736Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018299Member" xlink:label="C000018299Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018299Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesSmallCapValueFund" xlink:title="000194 - Schedule - Expense Example {Transposed} {- Penn Series Small Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006736Member" xlink:label="S000006736Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006736Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018299Member" xlink:label="C000018299Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018299Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesSmallCapValueFund" xlink:title="000195 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Small Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006736Member" xlink:label="S000006736Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006736Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018299Member" xlink:label="C000018299Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018299Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesSmallCapValueFundBarChart" xlink:title="000196 - Schedule - Annual Total Returns - Penn Series Small Cap Value Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006736Member" xlink:label="S000006736Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006736Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018299Member" xlink:label="C000018299Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018299Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesSmallCapValueFund" xlink:title="000197 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Small Cap Value Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006736Member" xlink:label="S000006736Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006736Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTwentyHundredValueIndexMember" xlink:label="RussellTwentyHundredValueIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTwentyHundredValueIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018299Member" xlink:label="C000018299Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018299Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesSmallCapValueFund" xlink:title="000198 - Document - Risk/Return Detail {Unlabeled} - Penn Series Small Cap Value Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006736Member" xlink:label="S000006736Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006736Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018299Member" xlink:label="C000018299Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018299Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesSmallCapValueFund" xlink:title="000199 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Small Cap Value Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006736Member" xlink:label="S000006736Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006736Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTwentyHundredValueIndexMember" xlink:label="RussellTwentyHundredValueIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTwentyHundredValueIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018299Member" xlink:label="C000018299Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018299Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="410.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" use="optional" priority="2" order="1210.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" use="optional" priority="2" order="1220.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" use="optional" priority="2" order="1230.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" use="optional" priority="2" order="1240.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesSmallCapIndexFund" xlink:title="000201 - Document - Risk/Return Summary {Unlabeled} - Penn Series Small Cap Index Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022078Member" xlink:label="S000022078Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022078Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063369Member" xlink:label="C000063369Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063369Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesSmallCapIndexFund" xlink:title="000202 - Schedule - Shareholder Fees {- Penn Series Small Cap Index Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022078Member" xlink:label="S000022078Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022078Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063369Member" xlink:label="C000063369Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063369Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesSmallCapIndexFund" xlink:title="000203 - Schedule - Annual Fund Operating Expenses {- Penn Series Small Cap Index Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="160.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022078Member" xlink:label="S000022078Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022078Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063369Member" xlink:label="C000063369Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063369Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesSmallCapIndexFund" xlink:title="000204 - Schedule - Expense Example {Transposed} {- Penn Series Small Cap Index Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022078Member" xlink:label="S000022078Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022078Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063369Member" xlink:label="C000063369Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063369Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesSmallCapIndexFund" xlink:title="000205 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Small Cap Index Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022078Member" xlink:label="S000022078Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022078Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063369Member" xlink:label="C000063369Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063369Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesSmallCapIndexFundBarChart" xlink:title="000206 - Schedule - Annual Total Returns - Penn Series Small Cap Index Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022078Member" xlink:label="S000022078Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022078Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063369Member" xlink:label="C000063369Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063369Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesSmallCapIndexFund" xlink:title="000207 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Small Cap Index Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="130.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="140.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022078Member" xlink:label="S000022078Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022078Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTwentyHundredIndexMember" xlink:label="RussellTwentyHundredIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTwentyHundredIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063369Member" xlink:label="C000063369Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063369Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesSmallCapIndexFund" xlink:title="000208 - Document - Risk/Return Detail {Unlabeled} - Penn Series Small Cap Index Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022078Member" xlink:label="S000022078Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022078Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063369Member" xlink:label="C000063369Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063369Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesSmallCapIndexFund" xlink:title="000209 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Small Cap Index Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022078Member" xlink:label="S000022078Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022078Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellTwentyHundredIndexMember" xlink:label="RussellTwentyHundredIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellTwentyHundredIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063369Member" xlink:label="C000063369Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063369Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="410.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" order="1210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" order="1220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" order="1230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" order="1240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="1670.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="1680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="1690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesDevelopedInternationalIndexFund" xlink:title="000211 - Document - Risk/Return Summary {Unlabeled} - Penn Series Developed International Index Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022083Member" xlink:label="S000022083Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022083Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063374Member" xlink:label="C000063374Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063374Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesDevelopedInternationalIndexFund" xlink:title="000212 - Schedule - Shareholder Fees {- Penn Series Developed International Index Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022083Member" xlink:label="S000022083Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022083Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063374Member" xlink:label="C000063374Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063374Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesDevelopedInternationalIndexFund" xlink:title="000213 - Schedule - Annual Fund Operating Expenses {- Penn Series Developed International Index Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022083Member" xlink:label="S000022083Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022083Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063374Member" xlink:label="C000063374Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063374Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesDevelopedInternationalIndexFund" xlink:title="000214 - Schedule - Expense Example {Transposed} {- Penn Series Developed International Index Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022083Member" xlink:label="S000022083Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022083Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063374Member" xlink:label="C000063374Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063374Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesDevelopedInternationalIndexFund" xlink:title="000215 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Developed International Index Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022083Member" xlink:label="S000022083Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022083Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063374Member" xlink:label="C000063374Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063374Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesDevelopedInternationalIndexFundBarChart" xlink:title="000216 - Schedule - Annual Total Returns - Penn Series Developed International Index Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022083Member" xlink:label="S000022083Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022083Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063374Member" xlink:label="C000063374Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063374Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesDevelopedInternationalIndexFund" xlink:title="000217 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Developed International Index Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="130.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="140.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022083Member" xlink:label="S000022083Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022083Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_MsciEafeIndexMember" xlink:label="MsciEafeIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="MsciEafeIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063374Member" xlink:label="C000063374Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063374Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesDevelopedInternationalIndexFund" xlink:title="000218 - Document - Risk/Return Detail {Unlabeled} - Penn Series Developed International Index Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022083Member" xlink:label="S000022083Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022083Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063374Member" xlink:label="C000063374Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063374Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesDevelopedInternationalIndexFund" xlink:title="000219 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Developed International Index Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022083Member" xlink:label="S000022083Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022083Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_MsciEafeIndexMember" xlink:label="MsciEafeIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="MsciEafeIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063374Member" xlink:label="C000063374Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063374Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" order="1210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" order="1220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" order="1230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" order="1240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="1670.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="1680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="1690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesInternationalEquityFund" xlink:title="000221 - Document - Risk/Return Summary {Unlabeled} - Penn Series International Equity Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006735Member" xlink:label="S000006735Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006735Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018298Member" xlink:label="C000018298Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018298Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesInternationalEquityFund" xlink:title="000222 - Schedule - Shareholder Fees {- Penn Series International Equity Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006735Member" xlink:label="S000006735Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006735Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018298Member" xlink:label="C000018298Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018298Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesInternationalEquityFund" xlink:title="000223 - Schedule - Annual Fund Operating Expenses {- Penn Series International Equity Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006735Member" xlink:label="S000006735Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006735Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018298Member" xlink:label="C000018298Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018298Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesInternationalEquityFund" xlink:title="000224 - Schedule - Expense Example {Transposed} {- Penn Series International Equity Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006735Member" xlink:label="S000006735Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006735Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018298Member" xlink:label="C000018298Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018298Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesInternationalEquityFund" xlink:title="000225 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series International Equity Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006735Member" xlink:label="S000006735Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006735Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018298Member" xlink:label="C000018298Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018298Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesInternationalEquityFundBarChart" xlink:title="000226 - Schedule - Annual Total Returns - Penn Series International Equity Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006735Member" xlink:label="S000006735Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006735Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018298Member" xlink:label="C000018298Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018298Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesInternationalEquityFund" xlink:title="000227 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series International Equity Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="130.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006735Member" xlink:label="S000006735Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006735Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_MsciEafeIndexMember" xlink:label="MsciEafeIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="MsciEafeIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_MsciAcwiExUsIndexMember" xlink:label="MsciAcwiExUsIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="MsciAcwiExUsIndexMember" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018298Member" xlink:label="C000018298Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018298Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesInternationalEquityFund" xlink:title="000228 - Document - Risk/Return Detail {Unlabeled} - Penn Series International Equity Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006735Member" xlink:label="S000006735Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006735Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018298Member" xlink:label="C000018298Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018298Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesInternationalEquityFund" xlink:title="000229 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series International Equity Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006735Member" xlink:label="S000006735Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006735Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_MsciEafeIndexMember" xlink:label="MsciEafeIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="MsciEafeIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_MsciAcwiExUsIndexMember" xlink:label="MsciAcwiExUsIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="MsciAcwiExUsIndexMember" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018298Member" xlink:label="C000018298Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018298Member" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="360.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="410.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="430.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="660.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="700.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" use="optional" priority="2" order="1220.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" use="optional" priority="2" order="1230.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" use="optional" priority="2" order="1240.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1310.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="1680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="1690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="110.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesEmergingMarketsEquityFund" xlink:title="000231 - Document - Risk/Return Summary {Unlabeled} - Penn Series Emerging Markets Equity Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022084Member" xlink:label="S000022084Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022084Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063375Member" xlink:label="C000063375Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063375Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesEmergingMarketsEquityFund" xlink:title="000232 - Schedule - Shareholder Fees {- Penn Series Emerging Markets Equity Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022084Member" xlink:label="S000022084Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022084Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063375Member" xlink:label="C000063375Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063375Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesEmergingMarketsEquityFund" xlink:title="000233 - Schedule - Annual Fund Operating Expenses {- Penn Series Emerging Markets Equity Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022084Member" xlink:label="S000022084Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022084Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063375Member" xlink:label="C000063375Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063375Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesEmergingMarketsEquityFund" xlink:title="000234 - Schedule - Expense Example {Transposed} {- Penn Series Emerging Markets Equity Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022084Member" xlink:label="S000022084Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022084Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063375Member" xlink:label="C000063375Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063375Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesEmergingMarketsEquityFund" xlink:title="000235 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Emerging Markets Equity Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022084Member" xlink:label="S000022084Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022084Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063375Member" xlink:label="C000063375Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063375Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesEmergingMarketsEquityFundBarChart" xlink:title="000236 - Schedule - Annual Total Returns - Penn Series Emerging Markets Equity Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="310.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="320.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="330.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022084Member" xlink:label="S000022084Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022084Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063375Member" xlink:label="C000063375Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063375Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesEmergingMarketsEquityFund" xlink:title="000237 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Emerging Markets Equity Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="130.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="140.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022084Member" xlink:label="S000022084Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022084Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_MsciEmergingMarketsIndexMember" xlink:label="MsciEmergingMarketsIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="MsciEmergingMarketsIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063375Member" xlink:label="C000063375Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063375Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesEmergingMarketsEquityFund" xlink:title="000238 - Document - Risk/Return Detail {Unlabeled} - Penn Series Emerging Markets Equity Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022084Member" xlink:label="S000022084Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022084Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063375Member" xlink:label="C000063375Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063375Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesEmergingMarketsEquityFund" xlink:title="000239 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Emerging Markets Equity Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022084Member" xlink:label="S000022084Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022084Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_MsciEmergingMarketsIndexMember" xlink:label="MsciEmergingMarketsIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="MsciEmergingMarketsIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063375Member" xlink:label="C000063375Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063375Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" order="1210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" order="1220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" order="1230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" order="1240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="1680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesRealEstateSecuritiesFund" xlink:title="000241 - Document - Risk/Return Summary {Unlabeled} - Penn Series Real Estate Securities Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006729Member" xlink:label="S000006729Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006729Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018292Member" xlink:label="C000018292Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018292Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesRealEstateSecuritiesFund" xlink:title="000242 - Schedule - Shareholder Fees {- Penn Series Real Estate Securities Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006729Member" xlink:label="S000006729Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006729Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018292Member" xlink:label="C000018292Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018292Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesRealEstateSecuritiesFund" xlink:title="000243 - Schedule - Annual Fund Operating Expenses {- Penn Series Real Estate Securities Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006729Member" xlink:label="S000006729Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006729Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018292Member" xlink:label="C000018292Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018292Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesRealEstateSecuritiesFund" xlink:title="000244 - Schedule - Expense Example {Transposed} {- Penn Series Real Estate Securities Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006729Member" xlink:label="S000006729Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006729Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018292Member" xlink:label="C000018292Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018292Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesRealEstateSecuritiesFund" xlink:title="000245 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Real Estate Securities Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006729Member" xlink:label="S000006729Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006729Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018292Member" xlink:label="C000018292Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018292Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesRealEstateSecuritiesFundBarChart" xlink:title="000246 - Schedule - Annual Total Returns - Penn Series Real Estate Securities Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006729Member" xlink:label="S000006729Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006729Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018292Member" xlink:label="C000018292Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018292Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesRealEstateSecuritiesFund" xlink:title="000247 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Real Estate Securities Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006729Member" xlink:label="S000006729Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006729Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_FtseNareitEquityReitIndexMember" xlink:label="FtseNareitEquityReitIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="FtseNareitEquityReitIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018292Member" xlink:label="C000018292Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018292Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesRealEstateSecuritiesFund" xlink:title="000248 - Document - Risk/Return Detail {Unlabeled} - Penn Series Real Estate Securities Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006729Member" xlink:label="S000006729Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006729Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018292Member" xlink:label="C000018292Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018292Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesRealEstateSecuritiesFund" xlink:title="000249 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Real Estate Securities Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000006729Member" xlink:label="S000006729Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000006729Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_FtseNareitEquityReitIndexMember" xlink:label="FtseNareitEquityReitIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="FtseNareitEquityReitIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000018292Member" xlink:label="C000018292Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000018292Member" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="70.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="340.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="400.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" use="optional" priority="2" order="1210.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" use="optional" priority="2" order="1220.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" use="optional" priority="2" order="1230.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" use="optional" priority="2" order="1240.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1250.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1650.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1690.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="100.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesAggressiveAllocationFund" xlink:title="000251 - Document - Risk/Return Summary {Unlabeled} - Penn Series Aggressive Allocation Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022076Member" xlink:label="S000022076Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022076Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063367Member" xlink:label="C000063367Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063367Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesAggressiveAllocationFund" xlink:title="000252 - Schedule - Shareholder Fees {- Penn Series Aggressive Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022076Member" xlink:label="S000022076Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022076Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063367Member" xlink:label="C000063367Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063367Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesAggressiveAllocationFund" xlink:title="000253 - Schedule - Annual Fund Operating Expenses {- Penn Series Aggressive Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="160.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022076Member" xlink:label="S000022076Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022076Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063367Member" xlink:label="C000063367Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063367Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesAggressiveAllocationFund" xlink:title="000254 - Schedule - Expense Example {Transposed} {- Penn Series Aggressive Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022076Member" xlink:label="S000022076Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022076Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063367Member" xlink:label="C000063367Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063367Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesAggressiveAllocationFund" xlink:title="000255 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Aggressive Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022076Member" xlink:label="S000022076Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022076Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063367Member" xlink:label="C000063367Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063367Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesAggressiveAllocationFundBarChart" xlink:title="000256 - Schedule - Annual Total Returns - Penn Series Aggressive Allocation Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022076Member" xlink:label="S000022076Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022076Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063367Member" xlink:label="C000063367Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063367Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesAggressiveAllocationFund" xlink:title="000257 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Aggressive Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="140.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022076Member" xlink:label="S000022076Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022076Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_BarclaysCapitalUsAggregateBondIndexMember" xlink:label="BarclaysCapitalUsAggregateBondIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="BarclaysCapitalUsAggregateBondIndexMember" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellThirtyHundredIndexMember" xlink:label="RussellThirtyHundredIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellThirtyHundredIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063367Member" xlink:label="C000063367Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063367Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesAggressiveAllocationFund" xlink:title="000258 - Document - Risk/Return Detail {Unlabeled} - Penn Series Aggressive Allocation Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022076Member" xlink:label="S000022076Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022076Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063367Member" xlink:label="C000063367Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063367Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesAggressiveAllocationFund" xlink:title="000259 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Aggressive Allocation Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022076Member" xlink:label="S000022076Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022076Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_BarclaysCapitalUsAggregateBondIndexMember" xlink:label="BarclaysCapitalUsAggregateBondIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="BarclaysCapitalUsAggregateBondIndexMember" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellThirtyHundredIndexMember" xlink:label="RussellThirtyHundredIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellThirtyHundredIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063367Member" xlink:label="C000063367Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063367Member" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="360.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="410.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="430.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="660.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="700.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" order="1220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" order="1230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" order="1240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" order="1250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1310.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="1690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="1700.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="110.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesModeratelyAggressiveAllocationFund" xlink:title="000261 - Document - Risk/Return Summary {Unlabeled} - Penn Series Moderately Aggressive Allocation Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022088Member" xlink:label="S000022088Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022088Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063379Member" xlink:label="C000063379Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063379Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesModeratelyAggressiveAllocationFund" xlink:title="000262 - Schedule - Shareholder Fees {- Penn Series Moderately Aggressive Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022088Member" xlink:label="S000022088Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022088Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063379Member" xlink:label="C000063379Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063379Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesModeratelyAggressiveAllocationFund" xlink:title="000263 - Schedule - Annual Fund Operating Expenses {- Penn Series Moderately Aggressive Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="160.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022088Member" xlink:label="S000022088Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022088Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063379Member" xlink:label="C000063379Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063379Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesModeratelyAggressiveAllocationFund" xlink:title="000264 - Schedule - Expense Example {Transposed} {- Penn Series Moderately Aggressive Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022088Member" xlink:label="S000022088Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022088Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063379Member" xlink:label="C000063379Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063379Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesModeratelyAggressiveAllocationFund" xlink:title="000265 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Moderately Aggressive Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022088Member" xlink:label="S000022088Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022088Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063379Member" xlink:label="C000063379Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063379Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesModeratelyAggressiveAllocationFundBarChart" xlink:title="000266 - Schedule - Annual Total Returns - Penn Series Moderately Aggressive Allocation Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022088Member" xlink:label="S000022088Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022088Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063379Member" xlink:label="C000063379Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063379Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesModeratelyAggressiveAllocationFund" xlink:title="000267 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Moderately Aggressive Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="140.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022088Member" xlink:label="S000022088Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022088Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_BarclaysCapitalUsAggregateBondIndexMember" xlink:label="BarclaysCapitalUsAggregateBondIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="BarclaysCapitalUsAggregateBondIndexMember" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellThirtyHundredIndexMember" xlink:label="RussellThirtyHundredIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellThirtyHundredIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063379Member" xlink:label="C000063379Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063379Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesModeratelyAggressiveAllocationFund" xlink:title="000268 - Document - Risk/Return Detail {Unlabeled} - Penn Series Moderately Aggressive Allocation Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022088Member" xlink:label="S000022088Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022088Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063379Member" xlink:label="C000063379Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063379Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesModeratelyAggressiveAllocationFund" xlink:title="000269 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Moderately Aggressive Allocation Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022088Member" xlink:label="S000022088Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022088Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_BarclaysCapitalUsAggregateBondIndexMember" xlink:label="BarclaysCapitalUsAggregateBondIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="BarclaysCapitalUsAggregateBondIndexMember" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellThirtyHundredIndexMember" xlink:label="RussellThirtyHundredIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellThirtyHundredIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063379Member" xlink:label="C000063379Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063379Member" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="360.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="410.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="430.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="660.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="700.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" order="1220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" order="1230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" order="1240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" order="1250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1310.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="1690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="1700.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="110.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesModerateAllocationFund" xlink:title="000271 - Document - Risk/Return Summary {Unlabeled} - Penn Series Moderate Allocation Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022087Member" xlink:label="S000022087Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022087Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063378Member" xlink:label="C000063378Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063378Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesModerateAllocationFund" xlink:title="000272 - Schedule - Shareholder Fees {- Penn Series Moderate Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022087Member" xlink:label="S000022087Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022087Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063378Member" xlink:label="C000063378Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063378Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesModerateAllocationFund" xlink:title="000273 - Schedule - Annual Fund Operating Expenses {- Penn Series Moderate Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="160.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022087Member" xlink:label="S000022087Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022087Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063378Member" xlink:label="C000063378Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063378Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesModerateAllocationFund" xlink:title="000274 - Schedule - Expense Example {Transposed} {- Penn Series Moderate Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022087Member" xlink:label="S000022087Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022087Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063378Member" xlink:label="C000063378Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063378Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesModerateAllocationFund" xlink:title="000275 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Moderate Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022087Member" xlink:label="S000022087Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022087Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063378Member" xlink:label="C000063378Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063378Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesModerateAllocationFundBarChart" xlink:title="000276 - Schedule - Annual Total Returns - Penn Series Moderate Allocation Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022087Member" xlink:label="S000022087Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022087Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063378Member" xlink:label="C000063378Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063378Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesModerateAllocationFund" xlink:title="000277 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Moderate Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="130.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="140.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022087Member" xlink:label="S000022087Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022087Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_BarclaysCapitalUsAggregateBondIndexMember" xlink:label="BarclaysCapitalUsAggregateBondIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="BarclaysCapitalUsAggregateBondIndexMember" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellThirtyHundredIndexMember" xlink:label="RussellThirtyHundredIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellThirtyHundredIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063378Member" xlink:label="C000063378Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063378Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesModerateAllocationFund" xlink:title="000278 - Document - Risk/Return Detail {Unlabeled} - Penn Series Moderate Allocation Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022087Member" xlink:label="S000022087Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022087Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063378Member" xlink:label="C000063378Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063378Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesModerateAllocationFund" xlink:title="000279 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Moderate Allocation Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022087Member" xlink:label="S000022087Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022087Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_BarclaysCapitalUsAggregateBondIndexMember" xlink:label="BarclaysCapitalUsAggregateBondIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="BarclaysCapitalUsAggregateBondIndexMember" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellThirtyHundredIndexMember" xlink:label="RussellThirtyHundredIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellThirtyHundredIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063378Member" xlink:label="C000063378Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063378Member" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="360.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="410.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="430.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="660.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="700.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" order="1220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" order="1230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" order="1240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" order="1250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1310.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="1680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="1690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="1700.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="110.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesModeratelyConservativeAllocationFund" xlink:title="000281 - Document - Risk/Return Summary {Unlabeled} - Penn Series Moderately Conservative Allocation Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022077Member" xlink:label="S000022077Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022077Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063368Member" xlink:label="C000063368Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063368Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesModeratelyConservativeAllocationFund" xlink:title="000282 - Schedule - Shareholder Fees {- Penn Series Moderately Conservative Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022077Member" xlink:label="S000022077Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022077Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063368Member" xlink:label="C000063368Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063368Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesModeratelyConservativeAllocationFund" xlink:title="000283 - Schedule - Annual Fund Operating Expenses {- Penn Series Moderately Conservative Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="160.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022077Member" xlink:label="S000022077Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022077Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063368Member" xlink:label="C000063368Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063368Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesModeratelyConservativeAllocationFund" xlink:title="000284 - Schedule - Expense Example {Transposed} {- Penn Series Moderately Conservative Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022077Member" xlink:label="S000022077Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022077Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063368Member" xlink:label="C000063368Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063368Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesModeratelyConservativeAllocationFund" xlink:title="000285 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Moderately Conservative Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022077Member" xlink:label="S000022077Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022077Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063368Member" xlink:label="C000063368Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063368Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesModeratelyConservativeAllocationFundBarChart" xlink:title="000286 - Schedule - Annual Total Returns - Penn Series Moderately Conservative Allocation Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022077Member" xlink:label="S000022077Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022077Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063368Member" xlink:label="C000063368Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063368Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesModeratelyConservativeAllocationFund" xlink:title="000287 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Moderately Conservative Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="140.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022077Member" xlink:label="S000022077Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022077Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_BarclaysCapitalUsAggregateBondIndexMember" xlink:label="BarclaysCapitalUsAggregateBondIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="BarclaysCapitalUsAggregateBondIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellThirtyHundredIndexMember" xlink:label="RussellThirtyHundredIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellThirtyHundredIndexMember" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063368Member" xlink:label="C000063368Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063368Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesModeratelyConservativeAllocationFund" xlink:title="000288 - Document - Risk/Return Detail {Unlabeled} - Penn Series Moderately Conservative Allocation Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022077Member" xlink:label="S000022077Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022077Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063368Member" xlink:label="C000063368Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063368Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesModeratelyConservativeAllocationFund" xlink:title="000289 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Moderately Conservative Allocation Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022077Member" xlink:label="S000022077Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022077Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_BarclaysCapitalUsAggregateBondIndexMember" xlink:label="BarclaysCapitalUsAggregateBondIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="BarclaysCapitalUsAggregateBondIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellThirtyHundredIndexMember" xlink:label="RussellThirtyHundredIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellThirtyHundredIndexMember" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063368Member" xlink:label="C000063368Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063368Member" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="350.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="360.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="410.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="430.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="660.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="700.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" order="1220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" order="1230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" order="1240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" order="1250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1260.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1310.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" use="optional" priority="2" order="1660.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="1680.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" use="optional" priority="2" order="1690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="1700.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1710.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="110.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnSummaryUnlabeledPennSeriesConservativeAllocationFund" xlink:title="000291 - Document - Risk/Return Summary {Unlabeled} - Penn Series Conservative Allocation Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022082Member" xlink:label="S000022082Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022082Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063373Member" xlink:label="C000063373Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063373Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesTableTextBlock" xlink:label="ShareholderFeesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesTableTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualFundOperatingExpensesTableTextBlock" xlink:label="AnnualFundOperatingExpensesTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualFundOperatingExpensesTableTextBlock" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleWithRedemptionTableTextBlock" xlink:label="ExpenseExampleWithRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleWithRedemptionTableTextBlock" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionTableTextBlock" xlink:label="ExpenseExampleNoRedemptionTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionTableTextBlock" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableTextBlock" xlink:label="BarChartTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartTableTextBlock" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableTextBlock" xlink:label="PerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableTextBlock" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MarketIndexPerformanceTableTextBlock" xlink:label="MarketIndexPerformanceTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MarketIndexPerformanceTableTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="510.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleShareholderFeesPennSeriesConservativeAllocationFund" xlink:title="000292 - Schedule - Shareholder Fees {- Penn Series Conservative Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesAbstract" xlink:label="ShareholderFeesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ShareholderFeesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFeeOverRedemption" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="RedemptionFee" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFeeOverRedemption" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ExchangeFee" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFeeOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="MaximumAccountFee" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ShareholderFeesAbstract" xlink:to="ShareholderFeeOther" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022082Member" xlink:label="S000022082Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022082Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063373Member" xlink:label="C000063373Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063373Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualFundOperatingExpensesPennSeriesConservativeAllocationFund" xlink:title="000293 - Schedule - Annual Fund Operating Expenses {- Penn Series Conservative Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesAbstract" xlink:label="OperatingExpensesAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="OperatingExpensesAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OperatingExpensesColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component1OtherExpensesOverAssets" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component2OtherExpensesOverAssets" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="Component3OtherExpensesOverAssets" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="160.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="170.0" preferredLabel="http://www.xbrl.org/2003/role/totalLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="OperatingExpensesAbstract" xlink:to="NetExpensesOverAssets" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022082Member" xlink:label="S000022082Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022082Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063373Member" xlink:label="C000063373Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063373Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleTransposedPennSeriesConservativeAllocationFund" xlink:title="000294 - Schedule - Expense Example {Transposed} {- Penn Series Conservative Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleAbstract" xlink:label="ExpenseExampleAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearColumnName" xlink:label="ExpenseExampleByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="110.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="120.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022082Member" xlink:label="S000022082Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022082Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063373Member" xlink:label="C000063373Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063373Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleExpenseExampleNoRedemptionTransposedPennSeriesConservativeAllocationFund" xlink:title="000295 - Schedule - Expense Example, No Redemption {Transposed} {- Penn Series Conservative Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionAbstract" xlink:label="ExpenseExampleNoRedemptionAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ExpenseExampleNoRedemptionAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearColumnName" xlink:label="ExpenseExampleNoRedemptionByYearColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionByYearColumnName" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ExpenseExampleNoRedemptionAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022082Member" xlink:label="S000022082Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022082Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063373Member" xlink:label="C000063373Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063373Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAnnualTotalReturnsPennSeriesConservativeAllocationFundBarChart" xlink:title="000296 - Schedule - Annual Total Returns - Penn Series Conservative Allocation Fund [BarChart]">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartTableAbstract" xlink:label="BarChartTableAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="BarChartTableAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnCaption" order="80.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnColumnName" order="90.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturnInceptionDate" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1990" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1991" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1992" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1993" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1994" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1995" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1996" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1997" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1998" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn1999" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2000" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2001" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2002" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2003" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2004" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2005" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2006" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2007" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2008" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2009" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2010" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2011" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2012" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2013" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2014" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2015" order="360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2016" order="370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2017" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2018" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2019" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="BarChartTableAbstract" xlink:to="AnnualReturn2020" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022082Member" xlink:label="S000022082Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022082Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063373Member" xlink:label="C000063373Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063373Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/ScheduleAverageAnnualTotalReturnsTransposedPennSeriesConservativeAllocationFund" xlink:title="000297 - Schedule - Average Annual Total Returns {Transposed} {- Penn Series Conservative Allocation Fund}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnAbstract" xlink:label="AverageAnnualReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="AverageAnnualReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear01" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear05" order="120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnYear10" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="AverageAnnualReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" use="optional" priority="2" order="150.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022082Member" xlink:label="S000022082Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022082Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="60.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="70.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_BarclaysCapitalUsAggregateBondIndexMember" xlink:label="BarclaysCapitalUsAggregateBondIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="BarclaysCapitalUsAggregateBondIndexMember" order="80.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellThirtyHundredIndexMember" xlink:label="RussellThirtyHundredIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellThirtyHundredIndexMember" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="40.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063373Member" xlink:label="C000063373Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063373Member" order="30.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DocumentRiskReturnDetailUnlabeledPennSeriesConservativeAllocationFund" xlink:title="000298 - Document - Risk/Return Detail {Unlabeled} - Penn Series Conservative Allocation Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022082Member" xlink:label="S000022082Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022082Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="60.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063373Member" xlink:label="C000063373Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063373Member" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnDetailTableTextBlock" xlink:label="RiskReturnDetailTableTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnDetailTableTextBlock" order="80.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://www.pennmutual.com/role/DisclosureRiskReturnDetailDataElementsPennSeriesConservativeAllocationFund" xlink:title="000299 - Disclosure - Risk/Return Detail Data {Elements} - Penn Series Conservative Allocation Fund">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusTable" xlink:label="ProspectusTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationDocumentAxis" xlink:label="DocumentInformationDocumentAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="DocumentInformationDocumentAxis" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentDomain" xlink:label="DocumentDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="DocumentInformationDocumentAxis" xlink:to="DocumentDomain" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="LegalEntityAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="LegalEntityAxis" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="LegalEntityAxis" xlink:to="EntityDomain" order="20.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_S000022082Member" xlink:label="S000022082Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="EntityDomain" xlink:to="S000022082Member" order="10.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureAxis" xlink:label="PerformanceMeasureAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="PerformanceMeasureAxis" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="PerformanceMeasureDomain" order="30.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsMember" xlink:label="AfterTaxesOnDistributionsMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsMember" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AfterTaxesOnDistributionsAndSalesMember" xlink:label="AfterTaxesOnDistributionsAndSalesMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="AfterTaxesOnDistributionsAndSalesMember" order="50.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_BarclaysCapitalUsAggregateBondIndexMember" xlink:label="BarclaysCapitalUsAggregateBondIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="BarclaysCapitalUsAggregateBondIndexMember" order="60.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellThirtyHundredIndexMember" xlink:label="RussellThirtyHundredIndexMember" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="PerformanceMeasureAxis" xlink:to="RussellThirtyHundredIndexMember" order="70.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusShareClassAxis" xlink:label="ProspectusShareClassAxis" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="ProspectusShareClassAxis" order="40.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareClassDomain" xlink:label="ShareClassDomain" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="ShareClassDomain" order="80.0" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_C000063373Member" xlink:label="C000063373Member" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="C000063373Member" order="90.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="psfi-20150430.xsd#psfi_RussellThirtyHundredIndexMember" xlink:label="RussellThirtyHundredIndexMember2" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusShareClassAxis" xlink:to="RussellThirtyHundredIndexMember2" order="100.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="ProspectusTable" xlink:to="RiskReturnAbstract" order="50.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnHeading" xlink:label="RiskReturnHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskReturnHeading" order="130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveHeading" xlink:label="ObjectiveHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveHeading" order="140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectivePrimaryTextBlock" xlink:label="ObjectivePrimaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectivePrimaryTextBlock" order="150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ObjectiveSecondaryTextBlock" xlink:label="ObjectiveSecondaryTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ObjectiveSecondaryTextBlock" order="160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseHeading" xlink:label="ExpenseHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseHeading" order="170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseNarrativeTextBlock" xlink:label="ExpenseNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseNarrativeTextBlock" order="180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesCaption" xlink:label="ShareholderFeesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesCaption" order="190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeesColumnName" xlink:label="ShareholderFeesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeesColumnName" order="200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOfferingPrice" xlink:label="MaximumCumulativeSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOfferingPrice" order="210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumCumulativeSalesChargeOverOther" xlink:label="MaximumCumulativeSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumCumulativeSalesChargeOverOther" order="220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" xlink:label="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeImposedOnPurchasesOverOfferingPrice" order="230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOfferingPrice" xlink:label="MaximumDeferredSalesChargeOverOfferingPrice" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOfferingPrice" order="240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumDeferredSalesChargeOverOther" xlink:label="MaximumDeferredSalesChargeOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumDeferredSalesChargeOverOther" order="250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" xlink:label="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther" order="260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFeeOverRedemption" xlink:label="RedemptionFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFeeOverRedemption" order="270.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RedemptionFee" xlink:label="RedemptionFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RedemptionFee" order="280.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFeeOverRedemption" xlink:label="ExchangeFeeOverRedemption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFeeOverRedemption" order="290.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExchangeFee" xlink:label="ExchangeFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExchangeFee" order="300.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFeeOverAssets" xlink:label="MaximumAccountFeeOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFeeOverAssets" order="310.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MaximumAccountFee" xlink:label="MaximumAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MaximumAccountFee" order="320.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ShareholderFeeOther" xlink:label="ShareholderFeeOther" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ShareholderFeeOther" order="330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesCaption" xlink:label="OperatingExpensesCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesCaption" order="340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OperatingExpensesColumnName" xlink:label="OperatingExpensesColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OperatingExpensesColumnName" order="350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ManagementFeesOverAssets" use="optional" priority="2" order="360.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionAndService12b1FeesOverAssets" use="optional" priority="2" order="370.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component1OtherExpensesOverAssets" order="390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component2OtherExpensesOverAssets" order="400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Component3OtherExpensesOverAssets" order="410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesOverAssets" use="optional" priority="2" order="420.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOverAssets" use="optional" priority="2" order="440.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssets" order="450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="NetExpensesOverAssets" order="460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination" xlink:label="FeeWaiverOrReimbursementOverAssetsDateOfTermination" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="FeeWaiverOrReimbursementOverAssetsDateOfTermination" order="470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverHeading" xlink:label="PortfolioTurnoverHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverHeading" order="480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverTextBlock" xlink:label="PortfolioTurnoverTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverTextBlock" order="490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PortfolioTurnoverRate" xlink:label="PortfolioTurnoverRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PortfolioTurnoverRate" order="500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseFootnotesTextBlock" xlink:label="ExpenseFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseFootnotesTextBlock" order="510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesDeferredChargesTextBlock" xlink:label="ExpensesDeferredChargesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesDeferredChargesTextBlock" order="520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRangeOfExchangeFeesTextBlock" xlink:label="ExpensesRangeOfExchangeFeesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRangeOfExchangeFeesTextBlock" order="530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointDiscounts" xlink:label="ExpenseBreakpointDiscounts" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointDiscounts" order="540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseBreakpointMinimumInvestmentRequiredAmount" xlink:label="ExpenseBreakpointMinimumInvestmentRequiredAmount" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseBreakpointMinimumInvestmentRequiredAmount" order="550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExchangeTradedFundCommissions" xlink:label="ExpenseExchangeTradedFundCommissions" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExchangeTradedFundCommissions" order="560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRepresentBothMasterAndFeeder" xlink:label="ExpensesRepresentBothMasterAndFeeder" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRepresentBothMasterAndFeeder" order="570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesExplanationOfNonrecurringAccountFee" xlink:label="ExpensesExplanationOfNonrecurringAccountFee" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesExplanationOfNonrecurringAccountFee" order="580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesNewFundBasedOnEstimates" xlink:label="OtherExpensesNewFundBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="OtherExpensesNewFundBasedOnEstimates" order="590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesBasedOnEstimates" xlink:label="AcquiredFundFeesAndExpensesBasedOnEstimates" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AcquiredFundFeesAndExpensesBasedOnEstimates" order="600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" xlink:label="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded" order="610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesRestatedToReflectCurrent" xlink:label="ExpensesRestatedToReflectCurrent" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesRestatedToReflectCurrent" order="620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" xlink:label="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpensesNotCorrelatedToRatioDueToAcquiredFundFees" order="630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleHeading" xlink:label="ExpenseExampleHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleHeading" order="640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearHeading" xlink:label="ExpenseExampleByYearHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearHeading" order="650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNarrativeTextBlock" xlink:label="ExpenseExampleNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNarrativeTextBlock" order="660.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleByYearCaption" xlink:label="ExpenseExampleByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleByYearCaption" order="670.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear01" xlink:label="ExpenseExampleYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear01" use="optional" priority="2" order="680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear03" xlink:label="ExpenseExampleYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear03" use="optional" priority="2" order="690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear05" xlink:label="ExpenseExampleYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear05" use="optional" priority="2" order="700.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleYear10" xlink:label="ExpenseExampleYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleYear10" use="optional" priority="2" order="710.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionNarrativeTextBlock" xlink:label="ExpenseExampleNoRedemptionNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionNarrativeTextBlock" order="720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionByYearCaption" xlink:label="ExpenseExampleNoRedemptionByYearCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionByYearCaption" order="730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear01" xlink:label="ExpenseExampleNoRedemptionYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear01" order="740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear03" xlink:label="ExpenseExampleNoRedemptionYear03" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear03" order="750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear05" xlink:label="ExpenseExampleNoRedemptionYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear05" order="760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleNoRedemptionYear10" xlink:label="ExpenseExampleNoRedemptionYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleNoRedemptionYear10" order="770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleFootnotesTextBlock" xlink:label="ExpenseExampleFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleFootnotesTextBlock" order="780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpenseExampleClosingTextBlock" xlink:label="ExpenseExampleClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ExpenseExampleClosingTextBlock" order="790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyHeading" xlink:label="StrategyHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyHeading" order="800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyNarrativeTextBlock" xlink:label="StrategyNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyNarrativeTextBlock" order="810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_StrategyPortfolioConcentration" xlink:label="StrategyPortfolioConcentration" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="StrategyPortfolioConcentration" order="820.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskHeading" xlink:label="RiskHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskHeading" order="830.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNarrativeTextBlock" xlink:label="RiskNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNarrativeTextBlock" order="840.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskFootnotesTextBlock" xlink:label="RiskFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskFootnotesTextBlock" order="850.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskClosingTextBlock" xlink:label="RiskClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskClosingTextBlock" order="860.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskLoseMoney" xlink:label="RiskLoseMoney" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskLoseMoney" order="870.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNondiversifiedStatus" xlink:label="RiskNondiversifiedStatus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNondiversifiedStatus" order="880.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskMoneyMarketFund" xlink:label="RiskMoneyMarketFund" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskMoneyMarketFund" order="890.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskNotInsuredDepositoryInstitution" xlink:label="RiskNotInsuredDepositoryInstitution" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskNotInsuredDepositoryInstitution" order="900.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskCaption" xlink:label="RiskCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskCaption" order="910.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskColumnName" xlink:label="RiskColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="RiskColumnName" order="920.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Risk" xlink:label="Risk" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="Risk" order="930.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartAndPerformanceTableHeading" xlink:label="BarChartAndPerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartAndPerformanceTableHeading" order="940.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceNarrativeTextBlock" xlink:label="PerformanceNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceNarrativeTextBlock" order="950.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceInformationIllustratesVariabilityOfReturns" xlink:label="PerformanceInformationIllustratesVariabilityOfReturns" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceInformationIllustratesVariabilityOfReturns" order="960.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceOneYearOrLess" xlink:label="PerformanceOneYearOrLess" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceOneYearOrLess" order="970.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAdditionalMarketIndex" xlink:label="PerformanceAdditionalMarketIndex" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAdditionalMarketIndex" order="980.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityPhone" xlink:label="PerformanceAvailabilityPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityPhone" order="990.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceAvailabilityWebSiteAddress" xlink:label="PerformanceAvailabilityWebSiteAddress" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceAvailabilityWebSiteAddress" order="1000.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformancePastDoesNotIndicateFuture" xlink:label="PerformancePastDoesNotIndicateFuture" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformancePastDoesNotIndicateFuture" order="1010.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHeading" xlink:label="BarChartHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHeading" order="1020.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartNarrativeTextBlock" xlink:label="BarChartNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartNarrativeTextBlock" order="1030.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartDoesNotReflectSalesLoads" xlink:label="BarChartDoesNotReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartDoesNotReflectSalesLoads" order="1040.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnCaption" xlink:label="AnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnCaption" order="1050.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnColumnName" xlink:label="AnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnColumnName" order="1060.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturnInceptionDate" xlink:label="AnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturnInceptionDate" order="1070.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1990" xlink:label="AnnualReturn1990" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1990" order="1080.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1991" xlink:label="AnnualReturn1991" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1991" order="1090.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1992" xlink:label="AnnualReturn1992" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1992" order="1100.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1993" xlink:label="AnnualReturn1993" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1993" order="1110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1994" xlink:label="AnnualReturn1994" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1994" order="1120.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1995" xlink:label="AnnualReturn1995" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1995" order="1130.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1996" xlink:label="AnnualReturn1996" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1996" order="1140.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1997" xlink:label="AnnualReturn1997" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1997" order="1150.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1998" xlink:label="AnnualReturn1998" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1998" order="1160.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn1999" xlink:label="AnnualReturn1999" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn1999" order="1170.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2000" xlink:label="AnnualReturn2000" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2000" order="1180.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2001" xlink:label="AnnualReturn2001" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2001" order="1190.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2002" xlink:label="AnnualReturn2002" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2002" order="1200.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2003" xlink:label="AnnualReturn2003" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2003" order="1210.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2004" xlink:label="AnnualReturn2004" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2004" order="1220.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2005" xlink:label="AnnualReturn2005" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2005" order="1230.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2006" xlink:label="AnnualReturn2006" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2006" order="1240.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2007" xlink:label="AnnualReturn2007" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2007" order="1250.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2008" xlink:label="AnnualReturn2008" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2008" order="1260.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2009" xlink:label="AnnualReturn2009" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2009" use="optional" priority="2" order="1270.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2010" xlink:label="AnnualReturn2010" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2010" use="optional" priority="2" order="1280.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2011" xlink:label="AnnualReturn2011" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2011" use="optional" priority="2" order="1290.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2012" xlink:label="AnnualReturn2012" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2012" use="optional" priority="2" order="1300.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2013" xlink:label="AnnualReturn2013" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2013" use="optional" priority="2" order="1310.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2014" xlink:label="AnnualReturn2014" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2014" use="optional" priority="2" order="1320.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2015" xlink:label="AnnualReturn2015" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2015" order="1330.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2016" xlink:label="AnnualReturn2016" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2016" order="1340.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2017" xlink:label="AnnualReturn2017" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2017" order="1350.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2018" xlink:label="AnnualReturn2018" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2018" order="1360.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2019" xlink:label="AnnualReturn2019" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2019" order="1370.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AnnualReturn2020" xlink:label="AnnualReturn2020" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AnnualReturn2020" order="1380.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartFootnotesTextBlock" xlink:label="BarChartFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartFootnotesTextBlock" order="1390.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartClosingTextBlock" xlink:label="BarChartClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartClosingTextBlock" order="1400.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReasonSelectedClassDifferentFromImmediatelyPrecedingPeriod" order="1410.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartReturnsForClassNotOfferedInProspectus" xlink:label="BarChartReturnsForClassNotOfferedInProspectus" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartReturnsForClassNotOfferedInProspectus" order="1420.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_YearToDateReturnLabel" xlink:label="YearToDateReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="YearToDateReturnLabel" order="1430.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturnDate" xlink:label="BarChartYearToDateReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturnDate" order="1440.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartYearToDateReturn" xlink:label="BarChartYearToDateReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartYearToDateReturn" order="1450.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_HighestQuarterlyReturnLabel" xlink:label="HighestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="HighestQuarterlyReturnLabel" order="1460.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturnDate" xlink:label="BarChartHighestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturnDate" order="1470.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartHighestQuarterlyReturn" xlink:label="BarChartHighestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartHighestQuarterlyReturn" order="1480.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_LowestQuarterlyReturnLabel" xlink:label="LowestQuarterlyReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="LowestQuarterlyReturnLabel" order="1490.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturnDate" xlink:label="BarChartLowestQuarterlyReturnDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturnDate" order="1500.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_BarChartLowestQuarterlyReturn" xlink:label="BarChartLowestQuarterlyReturn" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="BarChartLowestQuarterlyReturn" order="1510.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableHeading" xlink:label="PerformanceTableHeading" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableHeading" order="1520.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableDoesReflectSalesLoads" xlink:label="PerformanceTableDoesReflectSalesLoads" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableDoesReflectSalesLoads" order="1530.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableMarketIndexChanged" xlink:label="PerformanceTableMarketIndexChanged" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableMarketIndexChanged" order="1540.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_IndexNoDeductionForFeesExpensesTaxes" xlink:label="IndexNoDeductionForFeesExpensesTaxes" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="IndexNoDeductionForFeesExpensesTaxes" order="1550.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableUsesHighestFederalRate" xlink:label="PerformanceTableUsesHighestFederalRate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableUsesHighestFederalRate" order="1560.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNotRelevantToTaxDeferred" xlink:label="PerformanceTableNotRelevantToTaxDeferred" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNotRelevantToTaxDeferred" order="1570.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableOneClassOfAfterTaxShown" xlink:label="PerformanceTableOneClassOfAfterTaxShown" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableOneClassOfAfterTaxShown" order="1580.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableExplanationAfterTaxHigher" xlink:label="PerformanceTableExplanationAfterTaxHigher" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableExplanationAfterTaxHigher" order="1590.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableNarrativeTextBlock" xlink:label="PerformanceTableNarrativeTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableNarrativeTextBlock" order="1600.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" xlink:label="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesReasonPerformanceInformationForClassDifferentFromImmediatelyPrecedingPeriod" order="1610.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableFootnotesTextBlock" xlink:label="PerformanceTableFootnotesTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableFootnotesTextBlock" order="1620.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_PerformanceTableClosingTextBlock" xlink:label="PerformanceTableClosingTextBlock" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="PerformanceTableClosingTextBlock" order="1630.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnCaption" xlink:label="AverageAnnualReturnCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnCaption" order="1640.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnColumnName" xlink:label="AverageAnnualReturnColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnColumnName" order="1650.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnLabel" xlink:label="AverageAnnualReturnLabel" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnLabel" order="1660.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear01" xlink:label="AverageAnnualReturnYear01" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear01" order="1670.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear05" xlink:label="AverageAnnualReturnYear05" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear05" use="optional" priority="2" order="1680.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnYear10" xlink:label="AverageAnnualReturnYear10" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnYear10" use="optional" priority="2" order="1690.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnSinceInception" xlink:label="AverageAnnualReturnSinceInception" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnSinceInception" order="1700.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AverageAnnualReturnInceptionDate" xlink:label="AverageAnnualReturnInceptionDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="AverageAnnualReturnInceptionDate" order="1710.0" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldCaption" xlink:label="MoneyMarketSevenDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldCaption" order="1720.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldColumnName" xlink:label="MoneyMarketSevenDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldColumnName" order="1730.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYieldPhone" xlink:label="MoneyMarketSevenDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYieldPhone" order="1740.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayYield" xlink:label="MoneyMarketSevenDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayYield" order="1750.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_MoneyMarketSevenDayTaxEquivalentYield" xlink:label="MoneyMarketSevenDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="MoneyMarketSevenDayTaxEquivalentYield" order="1760.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldCaption" xlink:label="ThirtyDayYieldCaption" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldCaption" order="1770.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldColumnName" xlink:label="ThirtyDayYieldColumnName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldColumnName" order="1780.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYieldPhone" xlink:label="ThirtyDayYieldPhone" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYieldPhone" order="1790.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayYield" xlink:label="ThirtyDayYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayYield" order="1800.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ThirtyDayTaxEquivalentYield" xlink:label="ThirtyDayTaxEquivalentYield" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ThirtyDayTaxEquivalentYield" order="1810.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="110.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="120.0" />
  </presentationLink>
  <presentationLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/rr/role/RiskReturnDetailData" xlink:title="040000 - Disclosure - Risk/Return Detail Data {Elements}">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_RiskReturnAbstract" xlink:label="RiskReturnAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="EntityRegistrantName" order="10.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ProspectusDate" xlink:label="ProspectusDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="ProspectusDate" order="20.0" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentCreationDate" xlink:label="DocumentCreationDate" />
    <presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="RiskReturnAbstract" xlink:to="DocumentCreationDate" order="30.0" />
  </presentationLink>
</linkbase>
