Royce Pennsylvania Mutual Fund (PENNX)
Normally, the fund invests at least 65% of its net assets in equity securities of such small- and micro-cap companies. Although it normally focuses on securities of U.S. companies, it may invest up to 25% of its net assets (measured at the time of investment) in securities of companies headquartered in foreign countries. The fund may invest in other investment companies that invest in equity securities.
Fund Info
US7809058404
780905840
Oct 31, 1972
$2,000
Small-Cap
Blend
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Royce Pennsylvania Mutual Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Royce Pennsylvania Mutual Fund had a return of 12.96% year-to-date (YTD) and 19.66% in the last 12 months. Over the past 10 years, Royce Pennsylvania Mutual Fund had an annualized return of -3.11%, while the S&P 500 had an annualized return of 11.16%, indicating that Royce Pennsylvania Mutual Fund did not perform as well as the benchmark.
PENNX
12.96%
4.85%
7.35%
19.66%
2.29%
-3.11%
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of PENNX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.72% | 4.93% | 4.27% | -6.14% | 6.00% | -1.34% | 6.99% | -1.85% | -0.60% | -2.80% | 12.96% | ||
| 2023 | 10.51% | -1.07% | -1.08% | -2.19% | -0.37% | 9.48% | 4.44% | -2.18% | -4.79% | -6.09% | 8.85% | 5.57% | 21.10% |
| 2022 | -8.70% | 0.34% | -0.79% | -7.53% | 1.73% | -7.88% | 9.74% | -3.84% | -9.48% | 9.37% | 6.55% | -9.98% | -21.08% |
| 2021 | 1.56% | 9.13% | 2.38% | 3.70% | -0.08% | -0.83% | -0.59% | 1.18% | -2.75% | 4.45% | -2.46% | -18.87% | -5.71% |
| 2020 | -3.18% | -9.41% | -20.53% | 13.98% | 5.87% | 2.77% | 4.17% | 3.29% | -3.53% | 2.83% | 15.15% | 2.68% | 9.10% |
| 2019 | 10.32% | 5.61% | -2.44% | 5.33% | -9.16% | 8.30% | 1.20% | -4.87% | 2.62% | 2.44% | 3.35% | -0.89% | 22.12% |
| 2018 | 2.66% | -3.61% | 1.73% | -0.19% | 5.01% | 0.18% | 3.33% | 4.09% | -2.68% | -9.79% | 2.09% | -27.60% | -26.22% |
| 2017 | 0.18% | 1.09% | 0.27% | 1.70% | -1.41% | 2.94% | 0.52% | -1.12% | 7.23% | 2.03% | 3.03% | -18.31% | -4.07% |
| 2016 | -5.47% | 3.51% | 8.54% | 0.40% | 1.10% | -0.20% | 4.58% | 1.24% | 0.56% | -3.27% | 11.32% | -3.93% | 18.51% |
| 2015 | -5.77% | 6.12% | 1.15% | -1.14% | 0.38% | -0.31% | -3.23% | -5.40% | -4.95% | 6.36% | 1.16% | -22.75% | -27.63% |
| 2014 | -4.41% | 4.12% | 0.82% | -2.30% | -0.00% | 4.09% | -5.46% | 4.15% | -6.15% | 4.68% | -0.55% | -9.79% | -11.45% |
| 2013 | 6.00% | 0.98% | 2.92% | -1.50% | 4.57% | -1.69% | 6.39% | -2.56% | 6.77% | 3.31% | 3.61% | -3.09% | 28.10% |
Expense Ratio
PENNX features an expense ratio of 0.92%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PENNX is 20, indicating that it is in the bottom 20% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Royce Pennsylvania Mutual Fund (PENNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Royce Pennsylvania Mutual Fund provided a 0.35% dividend yield over the last twelve months, with an annual payout of $0.04 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.04 | $0.04 | $0.01 | $0.01 | $0.06 | $0.03 | $0.02 | $0.06 | $0.04 | $0.10 | $0.05 | $0.00 |
Dividend yield | 0.35% | 0.39% | 0.08% | 0.06% | 0.59% | 0.26% | 0.19% | 0.58% | 0.36% | 1.04% | 0.36% | 0.01% |
Monthly Dividends
The table displays the monthly dividend distributions for Royce Pennsylvania Mutual Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2013 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Royce Pennsylvania Mutual Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Royce Pennsylvania Mutual Fund was 61.83%, occurring on Mar 23, 2020. The portfolio has not yet recovered.
The current Royce Pennsylvania Mutual Fund drawdown is 29.67%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -61.83% | Jul 7, 2014 | 1439 | Mar 23, 2020 | — | — | — |
| -61.19% | Jul 16, 2007 | 415 | Mar 9, 2009 | 539 | Apr 27, 2011 | 954 |
| -35.21% | Oct 13, 1997 | 1272 | Oct 9, 2002 | 285 | Nov 26, 2003 | 1557 |
| -32.21% | Sep 1, 1987 | 88 | Dec 31, 1987 | 1042 | Dec 30, 1991 | 1130 |
| -27.61% | May 2, 2011 | 108 | Oct 3, 2011 | 401 | May 10, 2013 | 509 |
Volatility
Volatility Chart
The current Royce Pennsylvania Mutual Fund volatility is 6.40%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.