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Royce Pennsylvania Mutual Invmt PENNX

Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.33  /  +0.65 %
  • Total Assets 1.9 Bil
  • Adj. Expense Ratio
    0.960%
  • Expense Ratio 0.960%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Small Blend
  • Investment Style Small Blend
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 0.38%
  • Turnover 45%

USD | NAV as of Feb 27, 2024 | 1-Day Return as of Feb 27, 2024, 10:44 PM GMT+0

Morningstar’s Analysis PENNX

Will PENNX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Royce Pennsylvania Mutual Is Changing Its Name but Not Its Process

null Dan Culloton

Dan Culloton

Analyst Note

Royce Pennsylvania Mutual will change its name to Royce Small-Cap Fund on May 1, 2024, the fund family has announced. The change has historical significance, but little fundamental importance. The legendary fund manager and founder of Royce Investment Partners, Chuck Royce, made his name running Royce Pennsylvania Mutual under that moniker for 52 years. Only the name is changing, though. The fund, which Royce now runs with six other portfolio managers, will still look for small-cap stocks offering a combination of sound fundamental business attributes and attractive valuations. The philosophy and process have not changed. Neither have Morningstar’s People, Process, or Parent Pillar ratings.

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Portfolio Holdings PENNX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 13.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Arcosa Inc

1.86 34.7 Mil
Industrials

Cash Equivalents

1.50 28.0 Mil
Cash and Equivalents

Haemonetics Corp

1.42 26.4 Mil
Healthcare

Air Lease Corp Class A

1.39 26.0 Mil
Industrials

First Citizens BancShares Inc Class A

1.37 25.6 Mil
Financial Services

Builders FirstSource Inc

1.34 25.1 Mil
Industrials

Element Solutions Inc

1.30 24.2 Mil
Basic Materials

Enovis Corp

1.30 24.2 Mil
Industrials

Onto Innovation Inc

1.26 23.5 Mil
Technology

Innospec Inc

1.21 22.6 Mil
Basic Materials