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
Expense Ratio
PENNX has an expense ratio of 0.92%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Royce Pennsylvania Mutual Fund (PENNX) returned -3.77% year-to-date (YTD) and -11.31% over the past 12 months. Over the past 10 years, PENNX returned -3.82% annually, underperforming the S&P 500 benchmark at 10.79%.
PENNX
-3.77%
12.56%
-14.94%
-11.31%
4.34%
-3.82%
^GSPC (Benchmark)
0.60%
9.64%
-0.54%
11.47%
15.67%
10.79%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.21% | -5.31% | -6.29% | -1.83% | 8.08% | -3.77% | |||||||
| 2024 | -2.72% | 4.93% | 4.27% | -6.14% | 6.00% | -1.34% | 6.99% | -1.85% | -0.59% | -2.80% | 8.74% | -14.20% | -1.11% |
| 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% | 3.30% | -3.53% | 2.83% | 15.15% | 2.68% | 9.10% |
| 2019 | 10.32% | 5.61% | -2.44% | 5.33% | -9.16% | 8.30% | 1.21% | -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% | 2.10% | -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% | 1.11% | -0.20% | 4.58% | 1.24% | 0.56% | -3.27% | 11.31% | -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% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PENNX is 5, meaning it’s performing worse than 95% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
Royce Pennsylvania Mutual Fund provided a 0.63% dividend yield over the last twelve months, with an annual payout of $0.06 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.06 | $0.06 | $0.04 | $0.01 | $0.01 | $0.06 | $0.03 | $0.02 | $0.06 | $0.04 | $0.10 | $0.05 |
Dividend yield | 0.63% | 0.61% | 0.39% | 0.08% | 0.06% | 0.59% | 0.26% | 0.19% | 0.58% | 0.36% | 1.04% | 0.36% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $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 |
| 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 | $0.05 | $0.05 |
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.
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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 40.75%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -61.83% | Jul 7, 2014 | 1437 | Mar 23, 2020 | — | — | — |
| -57% | Jul 16, 2007 | 416 | Mar 9, 2009 | 452 | Dec 21, 2010 | 868 |
| -55.46% | Nov 21, 1980 | 330 | Mar 15, 1982 | 1037 | Apr 21, 1986 | 1367 |
| -37.39% | Jan 22, 1980 | 47 | Mar 27, 1980 | 117 | Sep 12, 1980 | 164 |
| -32.21% | Sep 1, 1987 | 85 | Dec 31, 1987 | 1011 | Dec 30, 1991 | 1096 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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