Penn Series Emerging Markets Equity Fund

C000063375 Fund Overview

Penn Series Emerging Markets Equity Fund is a US mutual fund managed by Penn Series Funds Inc, categorised as Emerging Markets Small Cap Blend / Core Consumer Discretionary 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: Emerging Markets Small Cap Blend / Core Consumer Discretionary Equity
• Assets under management: $77.59M
• 1-year return: 47.6%
• SEC CIK: 0000702340
• SEC series ID: S000022084
• Share class ID: C000063375

C000063375 Investment Objective and Strategy

Penn Series Emerging Markets Equity 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 Emerging Markets Equity Fund (the Fund) is to seek to achieve capital appreciation.

Principal investment strategy

The Fund offers investors exposure to emerging economies through well-established companies. The securities selected for inclusion in the Fund are those of issuers that, in the opinion of the Sub-Adviser, are well-managed businesses with consistent operating histories and financial performance that have favorable long-term economic prospects and, in most cases, generate free cash flow. Over full market cycles, the investment style is designed with the objective of capturing part of the up market cycles and may offer protection in down market cycles. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities (or equity-linked instruments) of issuers located in emerging market countries; such issuers may be of any capitalization, but are expected to be primarily large-capitalization issuers.

To obtain exposure to Chinese issuers, the Fund may invest in China A-Shares and other equity securities that provide similar exposure. Equity-linked instruments are instruments issued by financial institutions or special purpose entities located in foreign countries to provide the synthetic economic performance of a referenced equity security; these securities are valued at market value for purposes of the Funds requirement to invest 80% of its assets in emerging markets countries. Emerging markets countries consist of those countries MSCI defines as such for purposes of its MSCI Emerging Markets Index, which currently include Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.

In determining location of an issuer, the Sub-Adviser primarily relies on the country where the issuer is incorporated. However, the country of risk is ultimately determined based on analysis of the following criteria: actual building address (domicile), primary exchange on which the security is traded, and country in which the greatest percentage of company revenues are generated. This evaluation is conducted to determine that the issuers assets are exposed to the economic fortunes and risks of the designated country. 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 Information Technology Sector, Consumer Staples Sector, Consumer Discretionary Sector, and Financials Sector, as each sector is defined by the Global Industry Classification Standard.

In addition, while the Funds country exposure is expected to vary over time, as of February 28, 2026, the Fund had significant exposure to China, India, South Korea and Taiwan.

C000063375 Holdings

Top 10 holdings of Penn Series Emerging Markets Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000063375 holdings

C000063375 Portfolio Allocation

Asset-class allocation of Penn Series Emerging Markets Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000063375 Performance

Total returns for C000063375 (as of 2026-10-01), from SEC filings.

C000063375 Risk Information

Risk metrics for C000063375, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 20.3%

C000063375 Costs and Fees

C000063375 costs about $140 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.40%
• Gross expense ratio: 1.40%
• Portfolio turnover: 101%
• Brokerage commissions: 19.48 bps of average net assets (SEC N-CEN)

C000063375 Cashflows

Over the 12 months to 2026-06, Penn Series Emerging Markets Equity Fund had net outflows of $18.38M, from monthly SEC N-PORT filings.

C000063375 Debt Constituents

No individual debt constituents are reported in Penn Series Emerging Markets Equity Fund's latest SEC N-PORT filing.

C000063375 Prospectus and SEC Filings

Official Penn Series Emerging Markets Equity 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 Emerging Markets Small Cap Blend / Core Consumer Discretionary Equity funds tracked on ABC INVEST:

• Rayliant Quantamental Emerging Market ex-China Equity ETF (RWEM)

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.