PENNX: Royce Pennsylvania Mutual Invmt

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PENNX Royce Pennsylvania Mutual Invmt


Profile

PENNX - Profile

Vitals

  • YTD Return -10.0%
  • 3 Yr Annualized Return -9.5%
  • 5 Yr Annualized Return -7.4%
  • Net Assets $1.56 B
  • Holdings in Top 10 11.5%

52 WEEK LOW AND HIGH

$8.50
$5.69
$9.66

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


Distributions

  • YTD Total Return -10.0%
  • 3 Yr Annualized Total Return -9.5%
  • 5 Yr Annualized Total Return -7.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.39%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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.


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Categories

Performance

PENNX - Performance

Return Ranking - Trailing

Period PENNX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.0% -58.0% 72.2% 27.12%
1 Yr -5.5% -94.4% 75.4% 28.59%
3 Yr -9.5%* -64.7% 73.2% 69.58%
5 Yr -7.4%* -44.4% 37.9% 80.09%
10 Yr -1.4%* -15.6% 10.1% 85.82%

* Annualized

Return Ranking - Calendar

Period PENNX Return Category Return Low Category Return High Rank in Category (%)
2019 21.8% -94.0% 48.3% 35.94%
2018 -26.3% -67.3% 0.1% 70.94%
2017 -4.5% -36.3% 36.3% 92.05%
2016 18.1% -24.6% 34.1% 45.49%
2015 -28.2% -48.0% 3.1% 97.04%

Total Return Ranking - Trailing

Period PENNX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.0% -58.0% 72.2% 27.12%
1 Yr -5.5% -94.4% 75.4% 28.59%
3 Yr -9.5%* -64.1% 73.2% 83.36%
5 Yr -7.4%* -42.7% 37.9% 91.47%
10 Yr -1.4%* -15.6% 11.3% 92.55%

* Annualized

Total Return Ranking - Calendar

Period PENNX Return Category Return Low Category Return High Rank in Category (%)
2019 21.8% -94.0% 48.3% 35.94%
2018 -26.3% -67.1% 0.1% 81.28%
2017 -4.5% -26.8% 52.6% 95.94%
2016 18.1% -24.6% 34.1% 64.96%
2015 -28.2% -48.0% 5.3% 97.27%

NAV & Total Return History


Holdings

PENNX - Holdings

Concentration Analysis

PENNX Category Low Category High PENNX % Rank
Net Assets 1.56 B 128 K 87.1 B 10.63%
Number of Holdings 289 1 2498 34.51%
Net Assets in Top 10 179 M 82.9 K 3.41 B 15.10%
Weighting of Top 10 11.51% 2.8% 100.0% 62.35%

Top 10 Holdings

  1. Quaker Chemical Corp 1.46%
  2. Alamos Gold Inc 1.43%
  3. Stella-Jones, Inc. 1.19%
  4. FLIR Systems Inc 1.11%
  5. Ares Management Corp Class A 1.11%
  6. Cabot Microelectronics Corp 1.08%
  7. First Citizens BancShares Inc Class A 1.08%
  8. Tennant Co 1.06%
  9. MKS Instruments Inc 1.02%
  10. Bio-Techne Corp 0.97%

Asset Allocation

Weighting Return Low Return High PENNX % Rank
Stocks
98.67% 86.31% 102.81% 39.91%
Cash
1.33% -2.83% 19.03% 57.47%
Preferred Stocks
0.00% 0.00% 0.55% 40.68%
Other
0.00% -14.55% 3.29% 36.67%
Convertible Bonds
0.00% 0.00% 1.54% 31.90%
Bonds
0.00% 0.00% 4.34% 34.67%

Stock Sector Breakdown

Weighting Return Low Return High PENNX % Rank
Industrials
27.69% 6.91% 51.20% 8.63%
Technology
24.45% 0.00% 46.22% 5.70%
Financial Services
13.84% 0.00% 43.83% 69.95%
Consumer Cyclical
10.71% 1.04% 32.85% 46.07%
Basic Materials
9.27% 0.00% 15.54% 1.69%
Healthcare
7.35% 0.00% 45.31% 83.82%
Real Estate
2.15% 0.00% 14.29% 90.45%
Energy
1.82% -0.10% 26.16% 54.08%
Consumer Defense
1.70% 0.00% 15.01% 90.60%
Communication Services
0.88% 0.00% 18.90% 81.05%
Utilities
0.14% 0.00% 24.95% 85.98%

Stock Geographic Breakdown

Weighting Return Low Return High PENNX % Rank
US
87.54% 81.63% 100.00% 94.61%
Non US
11.13% 0.00% 15.50% 2.77%

Expenses

PENNX - Expenses

Operational Fees

PENNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.01% 12.58% 72.14%
Management Fee 0.76% 0.00% 1.50% 52.70%
12b-1 Fee 0.00% 0.00% 1.00% 6.57%
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% 81.54%

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% 0.02% 344.00% 29.39%

Distributions

PENNX - Distributions

Dividend Yield Analysis

PENNX Category Low Category High PENNX % Rank
Dividend Yield 0.00% 0.00% 8.77% 33.44%

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 0.39% -5.33% 2.00% 45.92%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PENNX - Fund Manager Analysis

Managers

Charles Royce


Start Date

Tenure

Tenure Rank

Oct 31, 1972

47.7

47.7%

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

17.18

17.2%

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

14.18

14.2%

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

3.17

3.2%

• 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

3.17

3.2%

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

2.17

2.2%

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

1.17

1.2%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 47.7 6.85 0.66