Royce Small-Cap Fund;Investment

Frequently Asked Questions About PENNX

What does PENNX invest in?

This fund typically commits a substantial portion, at least 65% of its total assets, to ownership stakes in companies with small or very small market values. While its primary emphasis is on acquiring securities of U.S.-based businesses, it has the latitude to allocate up to 25% of its assets (as measured at the time of acquisition) to companies headquartered overseas. Furthermore, the fund is permitted to invest in other collective investment schemes that focus on equity securities.

What is the expense ratio of PENNX?

Royce Small-Cap Fund;Investment (PENNX) charges an expense ratio of 0.93%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PENNX?

Royce Small-Cap Fund;Investment (PENNX) manages $2.07B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PENNX actively managed or an index fund?

PENNX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was PENNX launched?

Royce Small-Cap Fund;Investment (PENNX) launched in January 1980 and is managed by the fund issuer.

How has PENNX performed?

PENNX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.