0001193125-20-120811 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT between PENN MUTUAL ASSET MANAGEMENT, LLC and JANUS CAPITAL MANAGEMENT LLC
Investment Sub-Advisory Agreement • April 27th, 2020 • Penn Series Funds Inc • Maryland

INVESTMENT SUB-ADVISORY AGREEMENT, made as of May 1, 2020 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”).

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AMENDED AND RESTATED INVESTMENT SUB-ADVISORY AGREEMENT between PENN MUTUAL ASSET MANAGEMENT, LLC and MORGAN STANLEY INVESTMENT MANAGEMENT INC.
Investment Sub-Advisory Agreement • April 27th, 2020 • Penn Series Funds Inc • Maryland

This AMENDED AND RESTATED INVESTMENT SUB-ADVISORY AGREEMENT, made as of May 1, 2020 by and between PENN MUTUAL ASSET MANAGEMENT, LLC (“Adviser”), a limited liability company organized and existing under the laws of the State of Pennsylvania, and MORGAN STANLEY INVESTMENT MANAGEMENT INC. (“Sub-Adviser”), a Delaware corporation.

AMENDED AND RESTATED INVESTMENT SUB-ADVISORY AGREEMENT between PENN MUTUAL ASSET MANAGEMENT, LLC and COHEN & STEERS CAPITAL MANAGEMENT, INC. relating to REAL ESTATE SECURITIES FUND
Investment Sub-Advisory Agreement • April 27th, 2020 • Penn Series Funds Inc • Maryland

This AMENDED AND RESTATED INVESTMENT SUB-ADVISORY AGREEMENT, made as of October 1, 2019 by and between PENN MUTUAL ASSET MANAGEMENT, LLC (“Adviser”), a limited liability company organized and existing under the laws of the State of Pennsylvania, and COHEN & STEERS CAPITAL MANAGEMENT, INC. (“Sub-Adviser”), a New York corporation.

AMENDED AND RESTATED INVESTMENT SUB-ADVISORY AGREEMENT between PENN MUTUAL ASSET MANAGEMENT, LLC and NEUBERGER BERMAN INVESTMENT ADVISERS LLC relating to
Investment Sub-Advisory Agreement • April 27th, 2020 • Penn Series Funds Inc • Pennsylvania

This AMENDED AND RESTATED INVESTMENT SUB-ADVISORY AGREEMENT, made as of October 1, 2019 by and between PENN MUTUAL ASSET MANAGEMENT, LLC (“Adviser”), a limited liability company organized and existing under the laws of the State of Pennsylvania, and NEUBERGER BERMAN INVESTMENT ADVISERS LLC (“Sub-Adviser”), a limited liability company organized and existing under the laws of the State of New York.

AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT Between PENN SERIES FUNDS, INC. and PENN MUTUAL ASSET MANAGEMENT, LLC
Investment Advisory Agreement • April 27th, 2020 • Penn Series Funds Inc • Maryland

This AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT, made as of October 1, 2019 by and between PENN SERIES FUNDS, INC. (“Penn Series”), a corporation organized and existing under the laws of the State of Maryland, and PENN MUTUAL ASSET MANAGEMENT, LLC (“Adviser”), a limited liability company organized and existing under the laws of the State of Pennsylvania.

SUB-SUB-ADVISORY AGREEMENT
Sub-Sub-Advisory Agreement • April 27th, 2020 • Penn Series Funds Inc • Colorado

This SUB-SUB-ADVISORY AGREEMENT is made as of this May 1, 2020 (the “Sub-Sub- Advisory Agreement”), between Janus Capital Management LLC, a Delaware limited liability company (“Janus”) and Perkins Investment Management LLC, a Delaware limited liability company (“Perkins”).

AMENDED AND RESTATED INVESTMENT SUB-ADVISORY AGREEMENT between PENN MUTUAL ASSET MANAGEMENT, LLC and GOLDMAN SACHS ASSET MANAGEMENT, L.P. relating to SMALL CAP VALUE FUND and SMID CAP GROWTH FUND
Investment Sub-Advisory Agreement • April 27th, 2020 • Penn Series Funds Inc • Maryland

This AMENDED AND RESTATED INVESTMENT SUB-ADVISORY AGREEMENT, made as of October 1, 2019 by and between PENN MUTUAL ASSET MANAGEMENT, LLC (“Adviser”), a limited liability company organized and existing under the laws of the State of Pennsylvania, and GOLDMAN SACHS ASSET MANAGEMENT, L.P. (“Sub-Adviser”), a unit of the Investment Management Division of Goldman, Sachs & Co.

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