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.
Will RPMIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RPMIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the RPMIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of RPMIX’s parent organization’s priorities and whether they’re in line with investors’ interests.