C000063375 Fees and Costs — Penn Series Emerging Markets Equity Fund, Emerging Markets Equity Fund
Data updated: 2026-08-24
The net expense ratio is 1.40%: a 0.83% management fee plus 0.57% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $133K in broker commissions, 0.1948% of average net assets, and portfolio turnover was 101%.
C000063375 Fees and Expenses
Annual operating expenses and sales charges of C000063375. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.83% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.57% |
| Gross expense ratio | 1.40% |
| Fee waiver | — |
| Net expense ratio | 1.40% |
| 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 |
C000063375 Costs Over Time
On $10,000 invested in C000063375, assuming 5% a year before costs, total costs come to $986 over 5 years, cutting the return by 1.67% 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 1.40%) | $147 | $456 | $786 |
| Trading costs (broker commissions) | $20 | $63 | $109 |
| Lost growth on money paid in costs | $0 | $26 | $91 |
| Total costs | $167 | $545 | $986 |
| Value after costs | $10,333 | $11,031 | $11,777 |
| Impact on return, per year | 1.67% | 1.67% | 1.67% |
C000063375 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): 0.1948%
- Total broker commissions: $133K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 101%
- Securities lending: none during the year
C000063375 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA AMERICAS, LLC | $29K | 26.50% |
| HSBC SECURITIES (USA) INC. | $26K | 24.05% |
| J.P. Morgan Securities LLC | $12K | 11.15% |
| CREDIT AGRICOLE SECURITIES (USA), INC. | $10K | 8.98% |
| MORGAN STANLEY & CO. LLC | $8K | 7.63% |
| JEFFERIES LLC | $6K | 5.28% |
| SANFORD C. BERNSTEIN & CO., LLC | $5K | 4.93% |
| UBS Securities LLC | $5K | 4.27% |
| CITIGROUP GLOBAL MARKETS INC. | $4K | 3.65% |
| MACQUARIE CAPITAL (USA), INC. | $4K | 3.56% |
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.