| Penn Series Money Market Fund | Money Market Fund | — | — |
| Penn Series Limited Maturity Bond Fund | Limited Maturity Bond Fund | — | — |
| Penn Series Index 500 Fund | Index 500 Fund | — | — |
| Penn Series Mid Cap Growth Fund | Mid Cap Growth Fund | — | — |
| Penn Series Mid Cap Value Fund | Mid Cap Value Fund | — | — |
| Penn Series Large Cap Growth Fund | Large Cap Growth Fund | — | — |
| Penn Series Strategic Value Fund | Strategic Value Fund | — | — |
| Penn Series REIT Fund | REIT Fund | — | — |
| Penn Series Quality Bond Fund | Quality Bond Fund | — | — |
| Penn Series High Yield Bond Fund | High Yield Bond Fund | — | — |
| Penn Series Growth Stock Fund | Growth Stock Fund | — | — |
| Penn Series Large Cap Value Fund | Large Cap Value Fund | — | — |
| Penn Series Flexibly Managed Fund | Flexibly Managed Fund | — | — |
| Penn Series International Equity Fund | International Equity Fund | — | — |
| Penn Series Small Cap Value Fund | Small Cap Value Fund | — | — |
| Penn Series Small Cap Growth Fund | Small Cap Growth Fund | — | — |
| Penn Series Aggressive Allocation Fund | Aggressive Allocation Fund | — | Yes |
| Penn Series Moderately Conservative Allocation Fund | Moderately Conservative Allocation Fund | — | Yes |
| Penn Series Small Cap Index Fund | Small Cap Index Fund | — | Yes |
| Penn Series Smid Cap Growth Fund | Smid Cap Growth Fund | — | Yes |
| Penn Series Smid Cap Value Fund | Smid Cap Value Fund | — | Yes |
| Penn Series Balanced Fund | Balanced Fund | — | Yes |
| Penn Series Conservative Allocation Fund | Conservative Allocation Fund | — | Yes |
| Penn Series Developed International Index Fund | Developed International Index Fund | — | Yes |
| Penn Series Emerging Markets Equity Fund | Emerging Markets Equity Fund | — | Yes |