Penn Series International Equity Fund
Penn Series Funds Inc
Expense ratio
Net assets1
$203.45M
Holdings1
47
Category
International Equity
Return

Investment objective & strategy

As of April 28, 2025 · prospectus

Objective. The investment objective of the International Equity Fund (the Fund) is to seek to achieve capital appreciation.

Strategy. 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, such as common stocks, preferred stocks, convertible bonds, and warrants. The Fund will invest primarily in companies operating in the countries in Europe and the Pacific Basin. The countries include the eleven Euro-zone countries (France, Germany, Italy, Spain, Portugal, Finland, Ireland, Belgium, the Netherlands, Luxembourg and Austria), the United Kingdom, Denmark, Sweden, Switzerland, Norway, Japan, Hong Kong, Australia, New Zealand, and Singapore. The Sub-Adviser employs bottom-up stock and business analysis to identify high-quality growth companies. Typically, these companies tend to be well managed with the following attributes: consistent operating histories and financial performance; favorable long-term … 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, such as common stocks, preferred stocks, convertible bonds, and warrants. The Fund will invest primarily in companies operating in the countries in Europe and the Pacific Basin. The countries include the eleven Euro-zone countries (France, Germany, Italy, Spain, Portugal, Finland, Ireland, Belgium, the Netherlands, Luxembourg and Austria), the United Kingdom, Denmark, Sweden, Switzerland, Norway, Japan, Hong Kong, Australia, New Zealand, and Singapore. The Sub-Adviser employs bottom-up stock and business analysis to identify high-quality growth companies. Typically, these companies tend to be well managed with the following attributes: consistent operating histories and financial performance; favorable long-term economic prospects; free cash flow generation; and competent management that can be counted on to use cash flow wisely, and channel the reward from the business back to its shareholders. The Sub-Advisers goal is to construct a portfolio of high-quality growth companies in the developed markets of Europe and the Pacific Basin. With approximately 30-60 stocks, the Fund seeks to be well diversified and will have investments in at least 10 countries and 5 sectors at all times. While the Funds sector and industry exposure is expected to vary over time, as of February 28, 2025, the Fund had significant exposure to the Consumer Discretionary Sector, Financials Sector, Health Care Sector, Industrials Sector, and Information Technology 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, 2025, the Fund had significant exposure to Canada and the United Kingdom. The Fund may invest in securities of companies in emerging and developing markets. The Fund may, but is not required to, undertake hedging activities and may invest in certain instruments, such as forward currency exchange contracts, and may use certain techniques to hedge currency risks associated with the purchase of individual securities denominated in a foreign currency.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
TAIWAN SEMIC MFG CO LTD SP ADR $12.62M 6.20%
BlackRock Liquidity FedFund - Institutional Class TFDXX $10.65M 5.23%
SINGAP TECH ENG $9.75M 4.79%
DEUTSCHE BOERSE $9.34M 4.59%
TC ENERGY CORP $9.15M 4.50%
TERNA-RETE ELETT $8.76M 4.31%
SIEMENS ENERGY AG $8.65M 4.25%
NATIONAL GRID PL $8.53M 4.19%
COCA-COLA EUROPA $8.26M 4.06%
DISCO CORP $7.99M 3.93%
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Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
14
Exited
13
Increased
14
Decreased
19
Unchanged
0

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

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Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Vontobel International Equity Fund · VNIYX, VNIAX, VNIIX 83% 0.60%
Vontobel International Equity Active ETF · VNIE 82% 0.60%
Vontobel Global Equity · VNGYX, VNGAX, VNGIX 26% 0.58%
View all similar funds →

Advisers

As of December 31, 2025 · N-CEN
FirmRole
Vontobel Asset Management, Inc Sub-adviser
Penn Mutual Asset Management, LLC Adviser

Footnotes

  1. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.

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