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      <repPdEnd>2025-12-31</repPdEnd>
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        <lei>N/A</lei>
        <title>FLEXIBLY MANAGED FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707583100"/>
        </identifiers>
        <balance>44768.51300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5080330.86000000</valUSD>
        <pctVal>8.916494244482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QUALITY BOND FUND</name>
        <lei>N/A</lei>
        <title>QUALITY BOND FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707603106"/>
        </identifiers>
        <balance>198541.98100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3363301.16000000</valUSD>
        <pctVal>5.902933541537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DEVELOPED INTERNATIONAL INDEX</name>
        <lei>N/A</lei>
        <title>DEVELOPED INTERNATIONAL INDEX</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707599791"/>
        </identifiers>
        <balance>130928.67200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2820203.59000000</valUSD>
        <pctVal>4.949742402899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MID CAP GROWTH FUND</name>
        <lei>N/A</lei>
        <title>MID CAP GROWTH FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707599700"/>
        </identifiers>
        <balance>29176.72900000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1153064.33000000</valUSD>
        <pctVal>2.023744465722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMID CAP VALUE FUND</name>
        <lei>N/A</lei>
        <title>SMID CAP VALUE FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707599825"/>
        </identifiers>
        <balance>27755.70400000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1138261.42000000</valUSD>
        <pctVal>1.997763862203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMID CAP GROWTH FUND</name>
        <lei>N/A</lei>
        <title>SMID CAP GROWTH FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="707599833"/>
        </identifiers>
        <balance>23243.93000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1148017.70000000</valUSD>
        <pctVal>2.014887119893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REIT FUND</name>
        <lei>N/A</lei>
        <title>REIT FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707599866"/>
        </identifiers>
        <balance>80227.50300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2777476.15000000</valUSD>
        <pctVal>4.874751426260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LARGE CORE GROWTH FUND</name>
        <lei>N/A</lei>
        <title>LARGE CORE GROWTH FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="707599858"/>
        </identifiers>
        <balance>59463.82300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2289951.82000000</valUSD>
        <pctVal>4.019096941881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMALL CAP INDEX FUND</name>
        <lei>N/A</lei>
        <title>SMALL CAP INDEX FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707599734"/>
        </identifiers>
        <balance>50145.94600000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1717498.65000000</valUSD>
        <pctVal>3.014383757602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDEX 500 FUND</name>
        <lei>N/A</lei>
        <title>INDEX 500 FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707599403"/>
        </identifiers>
        <balance>275123.53800000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15497708.90000000</valUSD>
        <pctVal>27.20004582723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIMITED MATURITY BOND FUND</name>
        <lei>N/A</lei>
        <title>LIMITED MATURITY BOND FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707599502"/>
        </identifiers>
        <balance>37312.66700000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>555958.74000000</valUSD>
        <pctVal>0.975763792159</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LARGE CAP GROWTH FUND</name>
        <lei>N/A</lei>
        <title>LARGE CAP GROWTH FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707599882"/>
        </identifiers>
        <balance>12431.54500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>572099.70000000</valUSD>
        <pctVal>1.004092808695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LARGE GROWTH STOCK</name>
        <lei>N/A</lei>
        <title>LARGE GROWTH STOCK</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="707563102"/>
        </identifiers>
        <balance>28545.16000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2899331.90000000</valUSD>
        <pctVal>5.088620586257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-08-25</ncom:dateSigned>
      <ncom:nameOfApplicant>Penn Series Funds Inc</ncom:nameOfApplicant>
      <ncom:signature>Steven Viola</ncom:signature>
      <ncom:signerName>Steven Viola</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
