Penn Series Small Cap Index Fund
Data updated: 2026-08-24
C000063369 — Penn Series Small Cap Index Fund. United States Small Cap Blend / Core Equity · $91.99M AUM. Holdings, fees, performance and SEC filings.
C000063369 Fund Overview
Penn Series Small Cap Index Fund is a US mutual fund managed by Penn Series Funds Inc, categorised as United States Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Penn Series Funds Inc
- Category: United States Small Cap Blend / Core Equity
- Assets under management: $91.99M
- 1-year return: 39.8%
- SEC CIK: 0000702340
- SEC series ID: S000022078
- Share class ID: C000063369
C000063369 Investment Objective and Strategy
Penn Series Small Cap Index Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Penn Series Funds Inc.
Investment objective
The investment objective of the Small Cap Index Fund (the Fund) is to seek to replicate the returns and characteristics of a small cap index.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities listed in the Russell 2000 Index (the Index). Under normal circumstances, however, the Fund intends to invest substantially all of its assets in securities of companies included in the Index and close substitutes (such as index futures contracts or other investment companies) that are designed to track the Index. The Index measures the performance of the 2,000 smallest companies (based on total market capitalization) in the Russell 3000 Index. The Index is rebalanced quarterly and reconstituted annually in June. The Fund will concentrate (invest 25% or more of the value of its assets) in the securities of issuers having their principal business activities in the same industry if the Index is also concentrated in such industry.
While the Funds sector and industry exposure is expected to vary over time, as of February 28, 2026, the Fund had significant exposure to the Consumer Discretionary Sector, Financials Sector, Health Care Sector, Industrials Sector, and Information Technology Sector, as each sector is defined by the Global Industry Classification Standard. The Funds investments in small capitalization companies may include micro-capitalization companies. The Sub-Adviser does not manage the Fund according to traditional methods of active investment management, which involve the buying and selling of securities based upon economic, financial and market analysis and investment judgment. Instead, the Sub-Adviser utilizes a passive or indexing investment approach, seeking to replicate the investment performance that, before expenses, corresponds generally to the total return of the Index.
The Sub-Adviser seeks to replicate the returns of the Index by investing in the securities of the Index in approximately their Index weight. However, under various circumstances, it may not be possible or practicable to purchase all of those securities in those weightings. In those circumstances, the Fund may purchase a sample of stocks in the Index in proportions expected to match generally the performance of the Index as a whole. In addition, from time to time, stocks are added to or removed from the Index. The Fund may sell stocks that are represented in the Index, or purchase stocks that are not yet represented in the Index, in anticipation of their removal from or addition to the Index. The Sub-Adviser may at times purchase or sell futures contracts in lieu of investment directly in the stocks making up the Index.
The Sub-Adviser might do so, for example, in order to increase the Funds investment exposure pending investment of cash in the stocks comprising the Index. Alternatively, the Sub-Adviser might use futures to reduce its investment exposure to the Index in situations where it intends to sell a portion of the stocks in the Funds portfolio but the sale has not yet been completed.
C000063369 Holdings
Top 10 holdings of Penn Series Small Cap Index Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Moog, Inc. | 0.37% |
| Hut 8 Corp. | 0.36% |
| Brightspring Health Services, Inc. | 0.35% |
| Viasat, Inc. | 0.35% |
| Cytokinetics, Inc. | 0.34% |
| Maxlinear, Inc. | 0.34% |
| Umb Financial Corp. | 0.32% |
| Argan, Inc. | 0.32% |
| Jfrog Ltd. | 0.31% |
| Krystal Biotech, Inc. | 0.30% |
C000063369 Portfolio Allocation
Asset-class allocation of Penn Series Small Cap Index Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.4% |
| Cash & Equivalents | 0.3% |
C000063369 Performance
Total returns for C000063369 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 22.2% |
| 1 year | 39.8% |
| 3 years (annualised) | 17.8% |
| 5 years (annualised) | 6.2% |
C000063369 Risk Information
Risk metrics for C000063369, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.8%
C000063369 Costs and Fees
C000063369 costs about $71 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.71%
- Gross expense ratio: 0.71%
- Portfolio turnover: 14%
- Brokerage commissions: 0.84 bps of average net assets (SEC N-CEN)
C000063369 Cashflows
Over the 12 months to 2026-06, Penn Series Small Cap Index Fund had net outflows of $12.41M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$1.70M |
| 2026-05 | −$825.89K |
| 2026-04 | −$1.27M |
| 2026-03 | −$1.01M |
| 2026-02 | −$705.03K |
| 2026-01 | −$286.66K |
C000063369 Debt Constituents
No individual debt constituents are reported in Penn Series Small Cap Index Fund's latest SEC N-PORT filing.
C000063369 Prospectus and SEC Filings
Official Penn Series Small Cap Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-28
- Prospectus (485BPOS) — filed 2025-04-28
- Prospectus (485BPOS) — filed 2024-04-25
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-21
- Portfolio holdings (N-PORT) — filed 2026-02-25
- Annual census (N-CEN) — filed 2026-03-10
- Annual census (N-CEN) — filed 2025-03-12
Related Funds
Other United States Small Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.