C000063369 Fees and Costs — Penn Series Small Cap Index Fund, Small Cap Index Fund
Data updated: 2026-08-24
The net expense ratio is 0.71%: a 0.30% management fee plus 0.41% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0084% of average net assets, and portfolio turnover was 14%.
C000063369 Fees and Expenses
Annual operating expenses and sales charges of C000063369. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.41% |
| Gross expense ratio | 0.71% |
| Fee waiver | — |
| Net expense ratio | 0.71% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
C000063369 Costs Over Time
On $10,000 invested in C000063369, assuming 5% a year before costs, total costs come to $452 over 5 years, cutting the return by 0.75% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.71%) | $75 | $233 | $406 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $248 | $452 |
| Value after costs | $10,425 | $11,329 | $12,311 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
C000063369 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0084%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $144K
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
C000063369 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $3K | 39.41% |
| GOLDMAN SACHS & CO. LLC | $1K | 18.94% |
| BARCLAYS CAPITAL, INC. | $731 | 11.40% |
| INSTINET, LLC | $623 | 9.72% |
| MORGAN STANLEY & CO. LLC | $367 | 5.73% |
| FIDELITY BROKERAGE SERVICES LLC | $310 | 4.84% |
| VIRTU AMERICAS LLC | $293 | 4.57% |
| BestEx Research Securities, LLC | $125 | 1.95% |
| PIPER SANDLER & CO. | $116 | 1.81% |
| THE WILLIAMS CAPITAL GROUP L.P. | $105 | 1.64% |
C000063369 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $106K | 73.47% |
| BOFA SECURITIES, INC. | $23K | 16.14% |
| J.P. Morgan Securities LLC | $9K | 5.89% |
| VIRTU AMERICAS LLC | $5K | 3.61% |
| MORGAN STANLEY & CO. LLC | $987 | 0.68% |
| BARCLAYS CAPITAL, INC. | $236 | 0.16% |
| CITADEL SECURITIES LLC | $61 | 0.04% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.