Form of INVESTMENT SUB-ADVISORY AGREEMENT between PENN MUTUAL ASSET MANAGEMENT, LLC and JANUS CAPITAL MANAGEMENT LLCInvestment Sub-Advisory Agreement • April 27th, 2017 • Penn Series Funds Inc • Maryland
INVESTMENT SUB-ADVISORY AGREEMENT, made as of May 30, 2017 by and between PENN MUTUAL ASSET MANAGEMENT, LLC (the “Adviser”), a limited liability company organized and existing under the laws of the Commonwealth of Pennsylvania, and JANUS CAPITAL MANAGEMENT LLC (the “Sub-Adviser”), a limited liability company organized and existing under the laws of the State of Delaware (the “Agreement”).
