Royce Pennsylvania Mutual Invmt
- PENNX
- Price as of: Jan 21, 2021
-
$11.09
N/A N/A
- Primary Theme
- U.S. Small-Cap Blend Equity
- Fund Company
- Royce Investment Partners
- Share Class
PENNX - Snapshot
Vitals
- YTD Return 7.5%
- 3 Yr Annualized Return 9.3%
- 5 Yr Annualized Return 13.9%
- Net Assets $1.92 B
- Holdings in Top 10 10.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.95%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 30.00%
TRADING FEES
- Max Redemption Fee 1.00%
Min Investment
- Standard (Taxable) $2,000
- IRA $1,000
Fund Classification
-
Primary Theme
U.S. Small-Cap Blend Equity
- Fund Type Open End Mutual Fund
- Investment Style Small Blend
PENNX - Profile
Distributions
- YTD Total Return 7.5%
- 3 Yr Annualized Total Return 9.3%
- 5 Yr Annualized Total Return 13.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.39%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameRoyce Pennsylvania Mutual Fund
-
Fund Family NameRoyce
-
Inception DateOct 31, 1972
-
Shares OutstandingN/A
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerCharles 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 | 7.5% | -11.3% | 13.6% | 54.00% |
1 Yr | 14.1% | -50.5% | 59.0% | 37.52% |
3 Yr | 9.3%* | -18.2% | 17.0% | 25.67% |
5 Yr | 13.9%* | -4.3% | 18.7% | 4.40% |
10 Yr | 9.6%* | 1.4% | 13.3% | 60.62% |
* Annualized
Return Ranking - Calendar
Period | PENNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 8.5% | -51.0% | 110.8% | 57.40% |
2019 | 21.8% | -54.6% | 48.3% | 38.64% |
2018 | -26.3% | -67.3% | 0.0% | 75.08% |
2017 | -4.5% | -62.9% | 36.3% | 92.66% |
2016 | 18.1% | -3.5% | 34.1% | 47.46% |
Total Return Ranking - Trailing
Period | PENNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.5% | -11.3% | 13.6% | 53.14% |
1 Yr | 14.1% | -53.0% | 59.0% | 34.01% |
3 Yr | 9.3%* | -19.2% | 17.0% | 23.63% |
5 Yr | 13.9%* | -4.7% | 18.7% | 3.93% |
10 Yr | 9.6%* | 1.4% | 13.3% | 58.40% |
* Annualized
Total Return Ranking - Calendar
Period | PENNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 8.5% | -51.0% | 110.8% | 57.40% |
2019 | 21.8% | -54.6% | 48.3% | 38.64% |
2018 | -26.3% | -67.1% | 0.0% | 83.54% |
2017 | -4.5% | -17.6% | 52.6% | 97.10% |
2016 | 18.1% | -3.5% | 34.1% | 64.84% |
NAV & Total Return History
PENNX - Holdings
Concentration Analysis
PENNX | Category Low | Category High | PENNX % Rank | |
---|---|---|---|---|
Net Assets | 1.92 B | 187 K | 115 B | 12.50% |
Number of Holdings | 281 | 1 | 2557 | 39.91% |
Net Assets in Top 10 | 194 M | 56.8 K | 3.93 B | 19.18% |
Weighting of Top 10 | 10.14% | 2.1% | 100.0% | 70.04% |
Top 10 Holdings
- First Citizens BancShares Inc Class A 1.25%
- Quaker Chemical Corp 1.19%
- Ares Management Corp Class A 1.11%
- MKS Instruments Inc 1.10%
- Cabot Microelectronics Corp 1.08%
- CMC Materials Inc Ordinary Shares 1.07%
- Tennant Co 1.06%
- Morningstar Inc 1.00%
- Mesa Laboratories Inc 0.98%
- Stella-Jones Inc 0.98%
Asset Allocation
Weighting | Return Low | Return High | PENNX % Rank | |
---|---|---|---|---|
Stocks | 98.57% | 1.29% | 102.89% | 51.99% |
Cash | 1.44% | -19.74% | 78.46% | 47.59% |
Preferred Stocks | 0.00% | 0.00% | 17.45% | 46.73% |
Other | 0.00% | -10.33% | 86.67% | 45.17% |
Convertible Bonds | 0.00% | 0.00% | 2.97% | 43.47% |
Bonds | 0.00% | 0.00% | 48.22% | 45.03% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PENNX % Rank | |
---|---|---|---|---|
Industrials | 26.14% | 2.77% | 45.50% | 7.95% |
Technology | 25.47% | 0.00% | 45.16% | 3.84% |
Financial Services | 14.95% | 0.00% | 38.38% | 52.98% |
Consumer Cyclical | 10.68% | 1.59% | 31.90% | 79.12% |
Healthcare | 8.92% | 0.00% | 53.90% | 74.57% |
Basic Materials | 7.87% | 0.00% | 13.79% | 6.68% |
Real Estate | 2.31% | 0.00% | 26.04% | 89.35% |
Consumer Defense | 1.66% | 0.00% | 14.72% | 92.90% |
Energy | 1.37% | 0.00% | 21.41% | 68.61% |
Communication Services | 0.52% | 0.00% | 19.70% | 88.49% |
Utilities | 0.10% | 0.00% | 22.76% | 85.23% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PENNX % Rank | |
---|---|---|---|---|
US | 89.33% | 1.29% | 100.41% | 91.90% |
Non US | 9.24% | 0.00% | 31.89% | 6.11% |
PENNX - Expenses
Operational Fees
PENNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.95% | 0.01% | 11.80% | 66.07% |
Management Fee | 0.76% | 0.00% | 2.18% | 56.55% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 11.58% |
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 | 2.50% | 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% | 84.38% |
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 | 30.00% | 0.00% | 454.00% | 30.57% |
PENNX - Distributions
Dividend Yield Analysis
PENNX | Category Low | Category High | PENNX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 1.90% | 52.84% |
Dividend Distribution Analysis
PENNX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Net Income Ratio Analysis
PENNX | Category Low | Category High | PENNX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.39% | -2.00% | 2.63% | 48.60% |
Capital Gain Distribution Analysis
PENNX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Dividend Payout History
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 |
PENNX - Fund Manager Analysis
Managers
Charles Royce
Start Date
Tenure
Tenure Rank
Oct 31, 1972
48.2
48.2%
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
17.69
17.7%
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
14.68
14.7%
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.
Chris Flynn
Start Date
Tenure
Tenure Rank
May 01, 2017
3.67
3.7%
• Portfolio manager, Employed by Royce since 1993 • Previously Senior Vice President in the Arbitrage Division of Donaldson, Lufkin & Jenrette (1989-1992)
James Stoeffel
Start Date
Tenure
Tenure Rank
May 01, 2017
3.67
3.7%
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
2.67
2.7%
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
1.67
1.7%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 48.2 | 6.41 | 1.17 |