Royce Investment Partners will retain its personnel and its investment autonomy under a new parent, Franklin Resources. Royce Pennsylvania received its current Morningstar Analyst Rating while Royce Investment Partners was still under Legg Mason, which had an Above Average Parent rating. Even with Franklin's Average Parent rating, however, the fund's overall ratings would remain the same: Bronze for the Institutional and Investment share classes and Neutral for the rest.
Royce Pennsylvania Mutual Invmt PENNX
NAV / 1-Day Return
10.03
/
1.28
%
Total Assets
1.8 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.940%
Expense Ratio
0.940%
Fee Level
Below Average
Longest Manager Tenure
48.08
years
Category
US Fund Small Blend
Investment Style
Small GrowthMin. Initial Investment
2,000
Status
Open
TTM Yield
0.24%
Turnover
30%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will PENNX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PENNX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PENNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of PENNX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Royce Pennsylvania's Recent Rating Unaffected by Franklin's Acquisition of Legg Mason
