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Mutual Funds Weekly Roundup: August 2
Brian Mathews
|
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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.
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| Period | PENNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -11.4% | -58.0% | 70.5% | 34.96% |
| 1 Yr | -7.6% | -94.4% | 72.6% | 37.50% |
| 3 Yr | -11.4%* | -64.7% | 71.9% | 76.55% |
| 5 Yr | -6.1%* | -44.4% | 38.0% | 78.72% |
| 10 Yr | -1.8%* | -15.6% | 9.8% | 87.76% |
* Annualized
| Period | PENNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 21.8% | -94.0% | 48.3% | 35.04% |
| 2018 | -26.3% | -67.3% | 0.1% | 71.71% |
| 2017 | -4.5% | -36.3% | 36.3% | 92.38% |
| 2016 | 18.1% | -24.6% | 34.1% | 45.79% |
| 2015 | -28.2% | -48.0% | 3.1% | 95.89% |
| Period | PENNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -11.4% | -58.0% | 70.5% | 34.96% |
| 1 Yr | -7.6% | -94.4% | 72.6% | 37.50% |
| 3 Yr | -11.4%* | -64.1% | 71.9% | 86.43% |
| 5 Yr | -6.1%* | -42.7% | 38.0% | 89.15% |
| 10 Yr | -1.8%* | -15.6% | 11.0% | 93.20% |
* Annualized
| Period | PENNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 21.8% | -94.0% | 48.3% | 35.04% |
| 2018 | -26.3% | -67.1% | 0.1% | 81.91% |
| 2017 | -4.5% | -26.8% | 52.6% | 95.92% |
| 2016 | 18.1% | -24.6% | 34.1% | 64.89% |
| 2015 | -28.2% | -48.0% | 5.3% | 96.12% |
| PENNX | Category Low | Category High | PENNX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.64 B | 128 K | 93.2 B | 12.06% |
| Number of Holdings | 289 | 13 | 2486 | 34.78% |
| Net Assets in Top 10 | 179 M | 82.9 K | 3.92 B | 15.77% |
| Weighting of Top 10 | 11.51% | 2.8% | 86.0% | 64.38% |
| Weighting | Return Low | Return High | PENNX % Rank | |
|---|---|---|---|---|
| Stocks | 98.67% | 87.79% | 102.25% | 45.60% |
| Cash | 1.33% | -107.25% | 17.80% | 52.40% |
| Preferred Stocks | 0.00% | 0.00% | 0.52% | 12.67% |
| Other | 0.00% | -15.03% | 61.23% | 11.59% |
| Convertible Bonds | 0.00% | 0.00% | 3.13% | 5.41% |
| Bonds | 0.00% | 0.00% | 40.64% | 9.12% |
| Weighting | Return Low | Return High | PENNX % Rank | |
|---|---|---|---|---|
| Industrials | 27.69% | 6.73% | 48.37% | 8.89% |
| Technology | 24.45% | 0.00% | 41.42% | 5.46% |
| Financial Services | 13.84% | 0.00% | 42.57% | 68.64% |
| Consumer Cyclical | 10.71% | 1.04% | 32.85% | 57.25% |
| Basic Materials | 9.27% | 0.00% | 14.98% | 2.03% |
| Healthcare | 7.35% | 0.00% | 53.90% | 81.90% |
| Real Estate | 2.15% | 0.00% | 13.66% | 90.02% |
| Energy | 1.82% | -0.10% | 26.16% | 62.09% |
| Consumer Defense | 1.70% | 0.00% | 15.01% | 90.80% |
| Communication Services | 0.88% | 0.00% | 21.56% | 81.75% |
| Utilities | 0.14% | 0.00% | 24.95% | 85.34% |
| Weighting | Return Low | Return High | PENNX % Rank | |
|---|---|---|---|---|
| US | 87.54% | 80.09% | 102.17% | 93.82% |
| Non US | 11.13% | 0.00% | 15.50% | 3.71% |
| PENNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.95% | 0.01% | 12.58% | 72.17% |
| Management Fee | 0.76% | 0.00% | 1.50% | 54.10% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 1.44% |
| Administrative Fee | N/A | 0.01% | 0.47% | N/A |
| PENNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
| PENNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.00% | 1.00% | 2.00% | 80.00% |
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 | 30.00% | 0.25% | 454.00% | 29.64% |
| PENNX | Category Low | Category High | PENNX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 8.80% | 6.49% |
| PENNX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
| PENNX | Category Low | Category High | PENNX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.39% | -5.33% | 2.63% | 46.62% |
| PENNX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
| Date | Amount |
|---|---|
| Dec 13, 2018 | $0.015 |
| Dec 14, 2017 | $0.061 |
| Dec 15, 2016 | $0.040 |
| Dec 17, 2015 | $0.097 |
| Dec 17, 2014 | $0.047 |
| Dec 05, 2013 | $0.001 |
| Dec 28, 2012 | $0.039 |
| Dec 06, 2012 | $0.114 |
| Dec 09, 2010 | $0.054 |
| Dec 09, 2009 | $0.008 |
| Dec 09, 1999 | $0.040 |
| Dec 10, 1998 | $0.050 |
Start Date
Tenure
Tenure Rank
Oct 31, 1972
47.87
47.9%
Royce is the Royce & Associates, LLC's President, Co-Chief Investment Officer and Portfolio Manager. Founded Royce in 1972.
Start Date
Tenure
Tenure Rank
Apr 29, 2003
17.35
17.4%
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.
Start Date
Tenure
Tenure Rank
May 01, 2006
14.35
14.4%
Lauren A. Romeo joined the firm in 2004. 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.
Start Date
Tenure
Tenure Rank
May 01, 2017
3.34
3.3%
• Portfolio manager, Employed by Royce since 1993 • Previously Senior Vice President in the Arbitrage Division of Donaldson, Lufkin & Jenrette (1989-1992)
Start Date
Tenure
Tenure Rank
May 01, 2017
3.34
3.3%
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).
Start Date
Tenure
Tenure Rank
May 01, 2018
2.34
2.3%
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).
Start Date
Tenure
Tenure Rank
May 01, 2019
1.34
1.3%
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.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 47.87 | 6.91 | 0.83 |
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