C000063370 Fees and Costs — Penn Series SMID Cap Growth Fund, Smid Cap Growth Fund
Data updated: 2026-08-24
The net expense ratio is 1.05%: a 0.73% management fee plus 0.32% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $55K in broker commissions, 0.0798% of average net assets, and portfolio turnover was 129%.
C000063370 Fees and Expenses
Annual operating expenses and sales charges of C000063370. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.73% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.05% |
| Fee waiver | — |
| Net expense ratio | 1.05% |
| 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 |
C000063370 Costs Over Time
On $10,000 invested in C000063370, assuming 5% a year before costs, total costs come to $705 over 5 years, cutting the return by 1.19% 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 1.05%) | $110 | $344 | $595 |
| Trading costs (broker commissions) | $8 | $26 | $45 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $119 | $388 | $705 |
| Value after costs | $10,381 | $11,188 | $12,058 |
| Impact on return, per year | 1.19% | 1.19% | 1.19% |
C000063370 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): 0.0798%
- Total broker commissions: $55K
- Bought from dealers (principal trades, not a cost): $595K
- Portfolio turnover (prospectus): 129%
- Securities lending: none during the year
C000063370 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $9K | 20.98% |
| MORGAN STANLEY & CO. LLC | $8K | 17.33% |
| JEFFERIES LLC | $6K | 12.66% |
| BOFA SECURITIES, INC. | $5K | 10.78% |
| CitiGroup Global Markets Inc. | $4K | 9.16% |
| UBS Securities LLC | $3K | 7.65% |
| NATIONAL FINANCIAL SERVICES LLC | $3K | 5.92% |
| GOLDMAN SACHS & CO. LLC | $3K | 5.66% |
| BARCLAYS CAPITAL, INC. | $2K | 4.95% |
| WELLS FARGO SECURITIES, LLC | $2K | 4.92% |
C000063370 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $524K | 88.05% |
| BOFA SECURITIES, INC. | $71K | 11.95% |
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.