Key-person risk is less of an issue at Royce Pennsylvania as it has added talent to its management team, helping it retain Morningstar Analyst Ratings of Bronze for its cheapest share classes and Neutral for the rest.
Royce Pennsylvania Mutual Invmt PENNX
NAV / 1-Day Return
8.44
/
1.97
%
Total Assets
1.9 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.
0.950%
Expense Ratio
0.950%
Fee Level
Below Average
Longest Manager Tenure
49.24
years
Category
Small Blend
Investment Style
Small BlendMin. Initial Investment
2,000
Status
Open
TTM Yield
0.05%
Turnover
32%
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.
Making improvements.
