C000063374 Fees and Costs — Penn Series Developed International Index Fund
Data updated: 2026-08-24
The net expense ratio is 0.91%: a 0.30% management fee plus 0.61% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0058% of average net assets, and portfolio turnover was 11%.
C000063374 Fees and Expenses
Annual operating expenses and sales charges of C000063374. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.61% |
| Gross expense ratio | 0.91% |
| Fee waiver | — |
| Net expense ratio | 0.91% |
| 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 |
C000063374 Costs Over Time
On $10,000 invested in C000063374, assuming 5% a year before costs, total costs come to $574 over 5 years, cutting the return by 0.96% 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 0.91%) | $96 | $298 | $518 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $96 | $315 | $574 |
| Value after costs | $10,404 | $11,261 | $12,189 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
C000063374 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): 0.0058%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $21K
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
C000063374 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $968 | 22.24% |
| INSTINET, LLC | $657 | 15.09% |
| UBS Securities LLC | $535 | 12.29% |
| MORGAN STANLEY & CO. LLC | $475 | 10.91% |
| J.P. Morgan Securities LLC | $467 | 10.73% |
| GOLDMAN SACHS & CO. LLC | $378 | 8.68% |
| BNP Paribas Securities Corp. | $310 | 7.12% |
| JEFFERIES LLC | $245 | 5.63% |
| TD SECURITIES (USA) LLC | $166 | 3.81% |
| CLSA AMERICAS, LLC | $152 | 3.49% |
C000063374 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $11K | 52.29% |
| MORGAN STANLEY & CO. LLC | $10K | 47.71% |
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.