News
Mutual Funds Weekly Roundup: August 2
Brian Mathews
|
MutualFunds.com provides weekly information about any material impact on the mutual funds industry...
Welcome to MutualFunds.com
Please help us personalize your experience and select the one that best describes you.
Your personalized experience is almost ready.
Thank you!
Check your email and confirm your subscription to complete your personalized experience.
Thank you for your submission
We hope you enjoy your experience
Fixed income news, reports, video and more.
Municipal bonds news, reports, video and more.
Practice management news, reports, video and more.
Portfolio management news, reports, video and more.
Retirement news, reports, video and more.
Learn from industry thought leaders and expert market participants.
Find the latest content and information here about the 2019 Charles Schwab Impact Conference.
18 Most Popular Mutual Fund Categories
View All Categories
15 Most Popular Fund Company Quick Screens
View All Fund Company Quick Screens
Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.
Content focused on helping financial advisors build successful client relationships and grow their business.
Content geared towards helping financial advisors build better client portfolios.
Get insights on the industry trends and investment news from leading fund managers and experts.
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.
Receive email updates about best performers, news, CE accredited webcasts and more.
| Period | PENNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -13.9% | -58.0% | 63.8% | 28.33% |
| 1 Yr | -11.2% | -94.4% | 61.8% | 24.18% |
| 3 Yr | -11.1%* | -64.7% | 71.5% | 69.30% |
| 5 Yr | -8.9%* | -44.4% | 36.8% | 81.47% |
| 10 Yr | -1.1%* | -17.6% | 10.6% | 85.26% |
* Annualized
| Period | PENNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 21.8% | -94.0% | 48.3% | 35.65% |
| 2018 | -26.3% | -67.3% | 0.1% | 70.83% |
| 2017 | -4.5% | -36.3% | 36.3% | 91.11% |
| 2016 | 18.1% | -36.7% | 34.1% | 44.78% |
| 2015 | -28.2% | -48.0% | 3.1% | 95.76% |
| Period | PENNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -13.9% | -58.0% | 63.8% | 28.33% |
| 1 Yr | -11.2% | -94.4% | 61.8% | 24.18% |
| 3 Yr | -11.1%* | -64.1% | 71.5% | 83.39% |
| 5 Yr | -8.9%* | -42.7% | 36.8% | 93.10% |
| 10 Yr | -1.1%* | -15.6% | 11.7% | 92.28% |
* Annualized
| Period | PENNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 21.8% | -94.0% | 48.3% | 35.65% |
| 2018 | -26.3% | -67.1% | 0.1% | 81.20% |
| 2017 | -4.5% | -26.8% | 52.6% | 95.82% |
| 2016 | 18.1% | -24.6% | 34.1% | 64.46% |
| 2015 | -28.2% | -48.0% | 5.3% | 97.10% |
| PENNX | Category Low | Category High | PENNX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.53 B | 128 K | 85.6 B | 10.81% |
| Number of Holdings | 300 | 1 | 2475 | 35.31% |
| Net Assets in Top 10 | 144 M | 82.9 K | 3.9 B | 19.18% |
| Weighting of Top 10 | 11.16% | 3.5% | 100.0% | 69.05% |
| Weighting | Return Low | Return High | PENNX % Rank | |
|---|---|---|---|---|
| Stocks | 98.65% | 86.31% | 105.04% | 41.10% |
| Cash | 1.35% | -5.07% | 21.50% | 58.30% |
| Preferred Stocks | 0.00% | 0.00% | 0.55% | 43.38% |
| Other | 0.00% | -15.72% | 5.06% | 43.68% |
| Convertible Bonds | 0.00% | 0.00% | 1.80% | 40.33% |
| Bonds | 0.00% | 0.00% | 4.34% | 43.99% |
| Weighting | Return Low | Return High | PENNX % Rank | |
|---|---|---|---|---|
| Industrials | 28.19% | 7.03% | 51.20% | 9.44% |
| Technology | 21.76% | 0.00% | 42.86% | 7.46% |
| Financial Services | 16.03% | 0.00% | 43.83% | 42.47% |
| Consumer Cyclical | 9.15% | 1.04% | 28.25% | 54.49% |
| Basic Materials | 8.89% | 0.00% | 15.54% | 3.04% |
| Healthcare | 7.66% | 0.00% | 45.31% | 81.43% |
| Real Estate | 2.82% | 0.00% | 20.11% | 88.58% |
| Energy | 2.46% | -0.10% | 26.16% | 28.77% |
| Consumer Defense | 1.77% | 0.00% | 15.01% | 91.02% |
| Communication Services | 1.07% | 0.00% | 18.90% | 78.08% |
| Utilities | 0.20% | 0.00% | 24.95% | 85.39% |
| Weighting | Return Low | Return High | PENNX % Rank | |
|---|---|---|---|---|
| US | 88.00% | 81.22% | 99.85% | 92.54% |
| Non US | 10.65% | 0.00% | 21.52% | 3.35% |
| PENNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.95% | 0.01% | 12.58% | 72.93% |
| Management Fee | 0.76% | 0.00% | 1.50% | 52.37% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 8.91% |
| 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% | 78.46% |
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% | 0.02% | 344.00% | 29.34% |
| PENNX | Category Low | Category High | PENNX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 9.31% | 42.01% |
| 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% | 2.00% | 46.59% |
| PENNX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | 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
47.61
47.6%
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
17.1
17.1%
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
14.09
14.1%
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
3.08
3.1%
• 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
3.08
3.1%
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
2.08
2.1%
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
1.08
1.1%
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 |
|---|---|---|---|
| 0.04 | 47.61 | 6.78 | 0.58 |
News
Brian Mathews
|
MutualFunds.com provides weekly information about any material impact on the mutual funds industry...
News
Iuri Struta
|
Check out the mutual funds that moved in a significant manner over the...
News
Iuri Struta
|
Every fortnight, MutualFunds.com provides a snapshot of the performance of some key mutual...
TAXATION
For mutual fund investors, taxes are inevitable. Even if you’re a long-term buy...
MUTUAL FUND EDUCATION
Many investors assume that changes in a mutual fund’s net asset value (NAV)...
MUTUAL FUND EDUCATION
For investors looking to add mutual funds to their portfolio, they need to...
Receive email updates about best performers, news, CE accredited webcasts and more.
Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.