PENNX: Royce Pennsylvania Mutual Fund - MutualFunds.com
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Royce Pennsylvania Mutual Invmt

PENNX - Snapshot

Vitals

  • YTD Return 13.3%
  • 3 Yr Annualized Return 12.9%
  • 5 Yr Annualized Return 15.7%
  • Net Assets $2.3 B
  • Holdings in Top 10 9.7%

52 WEEK LOW AND HIGH

$11.70
$8.18
$12.23

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.95%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 32.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $2,000
  • IRA $1,000

Fund Classification

Compare PENNX to Popular U.S. Small-Cap Blend Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Small Cap Index Fund

VB | ETF

$219.00

-0.74%

$137.72 B

0.91%

$2.01

13.51%

0.05%

Vanguard Small Cap Index Fund

Fund

$104.87

-0.77%

$137.72 B

-

$0.00

12.52%

0.17%

iShares Core S&P Small-Cap ETF

IJR | ETF

$108.33

-0.94%

$71.48 B

0.97%

$1.06

18.88%

0.06%

iShares Russell 2000 ETF

IWM | ETF

$217.62

-1.17%

$69.79 B

0.86%

$1.90

12.63%

0.19%

Fidelity® Small Cap Index Fund

Fund

$27.79

-1.14%

$22.19 B

0.90%

$0.25

11.25%

0.03%

PENNX - Profile

Distributions

  • YTD Total Return 13.3%
  • 3 Yr Annualized Total Return 12.9%
  • 5 Yr Annualized Total Return 15.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.37%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Royce Pennsylvania Mutual Fund
  • Fund Family Name
    Royce
  • Inception Date
    Oct 31, 1972
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Charles Royce

Fund Description

Normally, the fund invests at least 65% of its net assets in equity securities of such small- and micro-cap companies. Although it normally focuses on securities of U.S. companies, it may invest up to 25% of its net assets (measured at the time of investment) in securities of companies headquartered in foreign countries. The fund may invest in other investment companies that invest in equity securities.

PENNX - Performance

Return Ranking - Trailing

Period PENNX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.3% -71.3% 148.2% 67.46%
1 Yr 53.9% 0.0% 134.5% 78.09%
3 Yr 12.9%* -16.0% 21.9% 30.08%
5 Yr 15.7%* -2.4% 24.5% 23.48%
10 Yr 10.5%* 2.7% 14.9% 72.78%

* Annualized

Return Ranking - Calendar

Period PENNX Return Category Return Low Category Return High Rank in Category (%)
2020 8.5% -51.0% 110.8% 59.47%
2019 21.8% -54.6% 350.1% 39.20%
2018 -26.3% -67.3% 3.3% 75.25%
2017 -4.5% -62.9% 36.3% 93.83%
2016 18.1% -3.5% 34.1% 46.80%

Total Return Ranking - Trailing

Period PENNX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.3% -71.7% 148.2% 66.87%
1 Yr 53.9% 0.0% 134.5% 72.00%
3 Yr 12.9%* -17.0% 21.9% 26.99%
5 Yr 15.7%* -2.8% 24.5% 21.57%
10 Yr 10.5%* 2.7% 14.9% 69.90%

* Annualized

Total Return Ranking - Calendar

Period PENNX Return Category Return Low Category Return High Rank in Category (%)
2020 8.5% -51.0% 110.8% 59.47%
2019 21.8% -54.6% 350.1% 39.20%
2018 -26.3% -67.1% 3.3% 83.55%
2017 -4.5% -17.6% 52.6% 97.64%
2016 18.1% -3.5% 34.1% 64.33%

NAV & Total Return History

PENNX - Holdings

Concentration Analysis

PENNX Category Low Category High PENNX % Rank
Net Assets 2.3 B 220 K 138 B 13.04%
Number of Holdings 298 2 2503 38.45%
Net Assets in Top 10 222 M 2.97 K 4.72 B 22.66%
Weighting of Top 10 9.66% 2.3% 77.4% 71.88%

Top 10 Holdings

  1. First Citizens BancShares Inc Class A 1.34%
  2. Ares Management Corp Class A 1.11%
  3. Cabot Microelectronics Corp 1.08%
  4. Element Solutions Inc 1.08%
  5. Tennant Co 1.06%
  6. Kulicke & Soffa Industries Inc 1.05%
  7. Morningstar Inc 1.00%
  8. Bio-Techne Corp 0.97%
  9. Upland Software Inc 0.97%
  10. FLIR Systems Inc 0.94%

Asset Allocation

Weighting Return Low Return High PENNX % Rank
Stocks 		96.68% 4.52% 111.41% 80.41%
Cash 		3.32% -78.72% 55.66% 17.40%
Preferred Stocks 		0.00% 0.00% 13.57% 47.81%
Other 		0.00% -5.26% 11.73% 48.39%
Convertible Bonds 		0.00% 0.00% 2.12% 46.35%
Bonds 		0.00% 0.00% 75.94% 48.25%

Stock Sector Breakdown

Weighting Return Low Return High PENNX % Rank
Industrials 		25.70% 4.15% 43.08% 9.29%
Technology 		22.73% 0.00% 44.74% 4.13%
Financial Services 		18.58% 0.00% 39.70% 22.71%
Consumer Cyclical 		11.73% 0.00% 46.86% 73.01%
Healthcare 		7.54% 0.00% 30.03% 82.60%
Basic Materials 		7.02% 0.00% 21.30% 11.80%
Real Estate 		2.16% 0.00% 21.01% 90.56%
Communication Services 		2.05% 0.00% 17.13% 67.26%
Energy 		1.28% 0.00% 10.80% 85.40%
Consumer Defense 		1.21% 0.00% 12.61% 97.20%
Utilities 		0.00% 0.00% 17.61% 93.22%

Stock Geographic Breakdown

Weighting Return Low Return High PENNX % Rank
US 		87.94% 4.50% 109.82% 93.57%
Non US 		8.74% 0.00% 32.64% 5.41%

PENNX - Expenses

Operational Fees

PENNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.01% 4.53% 56.68%
Management Fee 0.76% 0.00% 4.05% 59.56%
12b-1 Fee 0.00% 0.00% 1.00% 10.64%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

PENNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PENNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 84.13%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PENNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 32.00% 0.00% 398.00% 27.82%

PENNX - Distributions

Dividend Yield Analysis

PENNX Category Low Category High PENNX % Rank
Dividend Yield 0.51% 0.00% 1.21% 49.27%

Dividend Distribution Analysis

PENNX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

PENNX Category Low Category High PENNX % Rank
Net Income Ratio 0.37% -4.17% 2.67% 48.42%

Capital Gain Distribution Analysis

PENNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

PENNX - Fund Manager Analysis

Managers

Charles Royce

Start Date

Tenure

Tenure Rank

Oct 31, 1972

48.7

48.7%

Royce is the Royce & Associates, LLC's President, Co-Chief Investment Officer and Portfolio Manager. Founded Royce in 1972.

Jay Kaplan

Start Date

Tenure

Tenure Rank

Apr 29, 2003

18.18

18.2%

Mr. Kaplan has been portfolio manager since 2011 and was previously assistant portfolio manager (2005-2011). His employer at Royce since 2000. Prior to joining the firm, he spent 12 years with Prudential Financial, most recently as a managing director and portfolio manager.

Lauren Romeo

Start Date

Tenure

Tenure Rank

May 01, 2006

15.18

15.2%

Lauren A. Romeo joined Royce Investment Partners in 2004. Ms. Romeo became portfolio managers in 2016 and were previously assistant portfolio managers. Previously, she was a Portfolio Manager at Dalton Greiner, Hartman & Maher (since 2001), an Analyst with Legg Mason Funds Management (2000-2001), and an Analyst with T. Rowe Price Group (1996-2000). Ms. Romeo holds a bachelor's degree from the University of Notre Dame and a Master of Business Administration from the Wharton School of Business at the University of Pennsylvania. She is a CFA® charterholder.

James Stoeffel

Start Date

Tenure

Tenure Rank

May 01, 2017

4.17

4.2%

James Stoeffel joined Royce in 2009 as a Portfolio Manager. Previously he was a Portfolio Manager for a long/short equity private investment vehicle which he co-founded with Messrs. Brown and Hartman (2008-2009), a Portfolio Manager and Investment Policy Committee member at CRM (2001-2008), Director of Research at Palisade Capital Management (1999-2001), Research Analyst and Vice President in Smith Barney's Emerging Growth Stock Research Group (1993-1999) and an Auditor for a number of companies in the financial services industry (1984-1992).

Andrew Palen

Start Date

Tenure

Tenure Rank

May 01, 2018

3.17

3.2%

Andrew S. Palen Portfolio Manager Employed by Royce since 2015 Assistant Portfolio Manager for: Royce Pennsylvania Mutual Fund Previously a Senior Analyst at Armistice Capital (2013-2015), a Summer Associate at UBS Global Management (2012), and an Associate at Comvest Partners (2008-2011).

Steven McBoyle

Start Date

Tenure

Tenure Rank

May 01, 2019

2.17

2.2%

Steven G. McBoyle joined the firm in 2007. Previously, he was a Partner at Lord, Abbett & Co. LLC (2001-2007) where he was a Portfolio Manager of the Small Cap Value Fund and Small-Mid Value Fund. Prior to that he was Vice President of Mergers & Acquisitions at Morgan Stanley (2000-2001) and an Associate of Mergers & Acquisitions at Salomon Brothers (1997-2000). He began his career in public accounting within the Accounting & Audit Services Group of Deloitte & Touche (1990-1995). Mr. McBoyle holds a bachelor's degree from the School of Accountancy at the University of Waterloo, Canada and a Master of Business Administration from Columbia University. He is also a Chartered Accountant with a degree from the Institute of Chartered Accountants in Canada and a Certified Public Accountant.

Miles Lewis

Start Date

Tenure

Tenure Rank

Feb 01, 2021

0.41

0.4%

Mr. Lewis, Portfolio Manager, has been a member of the team that manages the funds since joining American Century in 2010 as an investment analyst and became a senior investment analyst in February 2014. He became a portfolio manager in November 2014. Before joining American Century, Mr. Lewis attended the Johnson Graduate School of Management at Cornell University from 2008 to 2010, where he obtained his MBA. He also has a bachelor's degree in business administration from The College of William & Mary. He is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 48.7 6.77 1.66

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