Penn Mutual LifeStyle Asset Allocation Funds at a Glance

Penn Mutual LifeStyle Asset Allocation Funds at a Glance
Our five LifeStyle Funds address
different levels of risk tolerance and
are comprised of a diverse array
of quality, underlying investment
options. They are automatically
rebalanced and readjusted on a
quarterly basis to keep them on
course with their objectives, making
it easy to participate in the market
with diversification and discipline.
The chart to the right demonstrates how
the potential for returns increases as the
potential for risk increases. Whatever your
risk profile, there is a LifeStyle Fund that
can fit your needs and comfort level.
Low Return Potential Return
High Return
Low Risk
Risk Versus Return:
Finding the Right LifeStyle Fund for You
Moderate Allocation Fund
Moderately Conservative Allocation Fund
● 40% Equity
● 60% Equity
● 60% Fixed Income
Conservative Allocation Fund
● 20% Equity ● 80% Fixed Income
Potential Risk
Aggressive Allocation Fund
Moderately Aggressive Allocation Fund
● 80% Equity
● 40% Fixed Income
● 95% Equity
● 20% Fixed Income
● 5% Fixed Income
High Risk
Penn Mutual’s LifeStyle Asset Allocation Funds are not available for direct investment, are available only through the Penn Mutual line of variable insurance products, and are subject to market risk
and may lose value. For more details about the investment options available with Penn Mutual’s variable products, and to learn if these products can be appropriate for you, see the Penn Mutual
Investment Options and/or product brochures.
Penn Mutual’s variable products are primarily offered through Hornor, Townsend & Kent, Inc. (HTK), Registered Investment Advisor, Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044,
215-957-7300. HTK is a wholly owned subsidiary of The Penn Mutual Life Insurance Company.
© 2015 The Penn Mutual Life Insurance Company, Philadelphia, PA 19172 www.pennmutual.com
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Take a Closer Look Inside the LifeStyle Asset Allocation Funds
Each LifeStyle Fund represents a complete, diversified portfolio of funds selected from Penn Mutual’s 23 individual investment options. Penn Mutual has consulted with Ibbotson
Associates, one of today’s top-ranked independent asset allocation experts, in the design and monitoring of each Fund. Listed below are the underlying sub-account target allocations
of each LifeStyle Asset Allocation Fund as of April 1, 2015. Please note, these target fund allocations are subject to change and may fluctuate as a result of quarterly monitoring and
rebalancing.
Fund Name
Adviser/Sub-Adviser
Quarterly Rebalance as of April 1, 2015
Conservative
Allocation Fund
Moderately
Conservative
Allocation Fund
Moderate
Allocation Fund
Moderately
Aggressive
Allocation Fund
Aggressive
Allocation Fund
Penn Series Large Growth Stock Fund T. Rowe Price Associates 0% 1% 2% 4% 4%
Penn Series Large Cap Growth MFS Investment Management 2% 2% 3% 3% 4%
Penn Series Large Core Growth Fund Wells Capital Management 0% 0% 0% 1% 1%
Penn Series Large Core Value Fund Eaton Vance Management 1% 2% 3% 4% 5%
Penn Series Large Cap Value Fund Loomis, Sayles & Company 2% 5% 6% 9% 10%
Penn Series Mid Cap Growth Fund Ivy Investment Management 0% 0% 2% 3% 4%
Penn Series Mid Cap Value Fund Neuberger Berman Management 2% 3% 3% 5% 5%
Penn Series Mid Core Value Fund American Century Investment Management 1% 2% 3% 4% 4%
Penn Series SMID Cap Growth Fund Wells Capital Management 0% 1% 1% 2% 2%
Penn Series SMID Cap Value Fund AllianceBernstein 0% 2% 3% 3% 5%
Penn Series Small Cap Growth Fund Janus Capital Management 0% 1% 2% 3% 4%
Penn Series Small Cap Value Fund Goldman Sachs Asset Management 0% 1% 2% 3% 4%
Penn Series Flexibly Managed Fund T. Rowe Price Associates 8% 7% 6% 4% 4%
Penn Series Index 500 Fund State Street Global Advisors 2% 3% 5% 5% 6%
Penn Series Small Cap Index Fund State Street Global Advisors 0% 1% 2% 2% 1%
Penn Series Developed International Index Fund State Street Global Advisors 3% 4% 5% 7% 8%
Penn Series International Equity Fund Vontobel Asset Management 2% 5% 9% 11% 14%
Penn Series Emerging Markets Equity Fund Morgan Stanley Investment Management 0% 1% 3% 5% 7%
Penn Series Real Estate Securities Fund Cohen & Steers Capital Management 0% 2% 2% 3% 4%
Penn Series Money Market Fund Independence Capital Management, Inc. 6% 2% 2% 0% 0%
Penn Series Limited Maturity Bond Fund Independence Capital Management, Inc. 21% 15% 7% 4% 0%
Penn Series Quality Bond Fund Independence Capital Management, Inc. 43% 34% 25% 12% 4%
Penn Series High Yield Bond Fund T. Rowe Price Associates 7% 6% 4% 3% 0%
Total Number of Funds 13 21 22 22 20
To find the balance of diversification and discipline in the LifeStyle Fund that’s right for you, talk to your financial professional or visit www.pennmutual.com.