PENN Series Funds Inc has made a significant change in its management team by appointing Jeff Chen as co-portfolio manager of the Mid Cap Value Fund. This decision, effective October 28, 2026, means that Chen will work alongside existing co-portfolio manager Justin Tugman. The move is expected to enhance the fund’s management capabilities and could positively influence investor confidence in its investment strategy.

This update is crucial for PENN Series Funds as it reflects the company's commitment to strengthening its portfolio management team. With Chen's experience and expertise, the fund aims to navigate the complexities of the investment landscape more effectively. The investment management industry is closely watching how such changes can impact fund performance and investor relations.

Background

PENN Series Funds Inc is an investment company based in Conshohocken, Pennsylvania. It operates under the Central Index Key (CIK) number 0000702340. The company primarily focuses on managing mutual funds and offers various investment strategies to its clients. The recent filing on November 2, 2026, is part of its ongoing efforts to keep investors informed about changes in fund management.

What the Filing Says

The SEC filing states, "Effective October 28, 2026, Jeff Chen joined Justin Tugman as a portfolio manager of the Mid Cap Value Fund." It further details that the changes will not affect the investment process for the fund or alter other disclosures regarding fees, expenses, investment objectives, strategies, and risks.

Impact

This change may affect current and prospective investors in the Mid Cap Value Fund, as the addition of Jeff Chen could bring fresh perspectives and strategies to the fund's management. The investment community will likely monitor how this new leadership influences fund performance and investor sentiment moving forward.

What's Next

The filing does not say what happens next.