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Flexibly Managed Fund


Sub-Adviser - T. Rowe Price Associates:
Since 1937, the T. Rowe Price Associates investment approach strives to achieve superior performance, but is always mindful of the risks incurred relative to the potential rewards. T. Rowe Price's consistent investment philosophy helps mitigate unfavorable changes and take advantage of favorable ones, all while providing its clients with world-class investment guidance and attentive service.

Seeks to maximize total return (capital appreciation and income).


Fund Highlight:
Invests in common stocks of well-established U.S. companies with above-average potential for capital growth as well as convertible securities, preferred stocks, corporate and governmental debt securities.

Investment Matrix

Market Capitalization:
Large Cap - Companies with a market capitalization value of more than $10 billion.

Investment Style:
A blend style seeks to invest in both value securities, as well as growth securities.

Investment Information as of September 30, 2016
Total Assets 3,511,562,081
Fund Manager(s) David Giroux, CFA
Total Fund Expenses 0.94% (as of 12/31/2015)
Asset Allocation Stocks 62.3%
Convertibles 1.5%
Fixed Income 28.3%
Cash 7.8%
Top Holdings Marsh & McLennan
Thermo Fisher Scientific
Bank of New York Mellon
Abbott Laboratories
Becton, Dickinson & Company
Willis Towers Watson
Major Sectors Reserves & Others 35.6%
Health Care 18.4%
Financials 9.2%
Consumer Staples 9.1%
Information Technology 8.9%
Consumer Discretionary 8.7%
Industrials 4.0%
Utilities 3.1%
Real Estate 1.2%
Telecommunication Services 0.7%
Materials 0.7%
Energy 0.6%

Find an Advisor near you to inquire further about investing with Penn Mutual.

Investors should consider the investment objectives, risks, charges, and expenses of a variable insurance product carefully before investing. Please carefully read the prospectuses for the relevant variable insurance product and its underlying investment options, which contain this and other information about the product.

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