- Inception Date
- Jul 30, 2020
- Category
- Diversified Portfolio
- Min. Investment
- $3,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
PMEFX Performance Chart
Penn Mutual Am 1847 Income Fund (PMEFX) is up 0.0% since the beginning of the year. PMEFX is currently trading at $10 per share. Investors who bought $1,000 worth of PMEFX shares 5 years ago would now be looking at an investment worth $1,158.
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Returns By Period
Penn Mutual Am 1847 Income Fund (PMEFX) has returned 0.00% so far this year and -1.07% over the past 12 months.
Penn Mutual Am 1847 Income Fund
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -1.07%
- 3Y*
- 4.94%
- 5Y*
- 2.98%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PMEFX Monthly Returns History
Based on dividend-adjusted daily data since Jul 31, 2020, PMEFX's average daily return is +0.02%, while the average monthly return is +0.46%. At this rate, an investment would double in approximately 12.6 years.
Historically, 53% of months were positive and 47% were negative. The best month was Nov 2023 with a return of +5.0%, while the worst month was Nov 2025 at -6.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PMEFX closed higher 44% of trading days. The best single day was Apr 9, 2025 with a return of +2.6%, while the worst single day was Nov 17, 2025 at -6.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ||||||
| 2025 | 1.27% | 0.39% | -2.20% | -1.80% | 3.35% | 3.14% | 1.06% | 1.72% | 1.63% | -0.65% | -6.40% | 0.00% | 1.11% |
| 2024 | -0.81% | -0.61% | 2.71% | -3.03% | 2.29% | 0.36% | 4.67% | 1.29% | 3.06% | -1.06% | 4.49% | -3.56% | 9.80% |
| 2023 | 4.98% | -1.52% | 1.18% | 0.20% | -1.33% | 1.75% | 1.54% | -1.83% | -2.07% | -2.35% | 5.02% | 4.20% | 9.80% |
| 2022 | -0.29% | -0.39% | 0.47% | -2.77% | 1.32% | -5.28% | 3.74% | -1.96% | -5.04% | 4.14% | 3.33% | -1.11% | -4.30% |
| 2021 | 1.99% | 2.79% | 3.45% | 1.41% | 2.17% | 0.30% | -1.45% | 0.43% | -1.85% | 0.00% | -1.68% | 1.99% | 9.78% |
Benchmark Metrics
Penn Mutual Am 1847 Income Fund has an annualized alpha of 0.83%, beta of 0.31, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since July 31, 2020.
- This fund participated in 54.06% of S&P 500 Index downside but only 37.69% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.31 may look defensive, but with R2 of 0.45 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.45 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.83%
- Beta
- 0.31
- R²
- 0.45
- Upside Capture
- 37.69%
- Downside Capture
- 54.06%
Expense Ratio
PMEFX has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PMEFX ranks 2 for risk / return — in the bottom 2% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Penn Mutual Am 1847 Income Fund (PMEFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PMEFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.37 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 2.78 | -2.97 |
| Martin ratioReturn relative to average drawdown | -0.26 | 12.44 | -12.70 |
Dividends
Dividend History
Penn Mutual Am 1847 Income Fund provided a 7.34% dividend yield over the last twelve months, with an annual payout of $0.70 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.70 | $0.83 | $0.63 | $0.44 | $0.31 | $1.38 | $0.11 |
Dividend yield | 7.34% | 8.73% | 6.16% | 4.41% | 3.25% | 13.55% | 1.00% |
Monthly Dividends
The table displays the monthly dividend distributions for Penn Mutual Am 1847 Income 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.12 | $0.00 | $0.44 | $0.00 | $0.83 |
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.11 | $0.63 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 | $0.44 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.31 |
| 2021 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $1.16 | $1.38 |
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 Penn Mutual Am 1847 Income 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 Penn Mutual Am 1847 Income Fund was 13.27%, occurring on Sep 27, 2022. Recovery took 305 trading sessions.
The current Penn Mutual Am 1847 Income Fund drawdown is 7.19%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -13.27%Sep 2022 | 1y 3mo | 1y 2mo | 2y 6moJun 2021 - Dec 2023 |
2025 selloff2025 | -10.04%Apr 2025 | 4mo 6d | 2mo 19d | 6mo 25dDec 2024 - Jun 2025 |
2025 pullback2025 | -7.19%Nov 2025 | 1mo 16d | — | 8mo 24dOct 2025 - now |
2024 pullback2024 | -3.54%Apr 2024 | 15d | 2mo 9d | 2mo 24dApr 2024 - Jun 2024 |
2024 pullback2024 | -3.36%Feb 2024 | 1mo 17d | 1mo 13d | 3moDec 2023 - Mar 2024 |
Drawdown Indicators
| PMEFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.27% | -56.78% | +43.51% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -9.10% | +1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -10.04% | -18.90% | +8.86% |
Max Drawdown (5Y)Largest decline over 5 years | -13.02% | -25.43% | +12.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -7.19% | -1.80% | -5.39% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -10.71% | +7.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 2.03% | +2.85% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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