- 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 Pennsylvania Mutual Fd, Investment Class (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 Pennsylvania Mutual Fd, Investment Class (PENNX) manages $2.12B 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 Pennsylvania Mutual Fd, Investment Class (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.
