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Trending ETFs

Royce Pennsylvania Mutual Fund

mutual fund
RPMIX
Payout Change
Pending
Price as of:
$9.96 +0.13 +1.32%
primary theme
U.S. Small-Cap Blend Equity
share class
Other (RYPCX) S (RYPFX) Investor (PENNX) Instl (RPMIX)
RPMIX (Mutual Fund)

Royce Pennsylvania Mutual Fund

Payout Change
Pending
Price as of:
$9.96 +0.13 +1.32%
primary theme
U.S. Small-Cap Blend Equity
share class
Other (RYPCX) S (RYPFX) Investor (PENNX) Instl (RPMIX)
RPMIX (Mutual Fund)

Royce Pennsylvania Mutual Fund

Payout Change
Pending
Price as of:
$9.96 +0.13 +1.32%
primary theme
U.S. Small-Cap Blend Equity
share class
Other (RYPCX) S (RYPFX) Investor (PENNX) Instl (RPMIX)

Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Royce Pennsylvania Mutual Fund

RPMIX | Fund

$9.96

$1.99 B

0.39%

$0.04

0.91%

Vitals

YTD Return

8.1%

1 yr return

23.2%

3 Yr Avg Return

6.1%

5 Yr Avg Return

12.3%

Net Assets

$1.99 B

Holdings in Top 10

15.4%

52 WEEK LOW AND HIGH

$9.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.91%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 60.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Royce Pennsylvania Mutual Fund

RPMIX | Fund

$9.96

$1.99 B

0.39%

$0.04

0.91%

RPMIX - Profile

Distributions

  • YTD Total Return 8.1%
  • 3 Yr Annualized Total Return 6.1%
  • 5 Yr Annualized Total Return 12.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.21%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Royce Pennsylvania Mutual Fund
  • Fund Family Name
    Royce
  • Inception Date
    Jun 06, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Charles Royce

Fund Description

Effective May 1, 2024, all information in this section is deleted in its entirety and replaced with the following:

Royce Investment Partners (“Royce”), the Fund’s investment adviser, invests the Fund’s assets primarily in equity securities of small-cap companies that it believes are trading below its estimate of their current worth. Small-cap companies are those that have a market capitalization not greater than that of the largest company in the Russell 2000® Index at the time of its most recent reconstitution.

The Fund uses multiple investment disciplines in an effort to provide exposure to approaches that have historically performed well in different market environments. These disciplines include “High Quality,” which looks for companies that have high returns on invested capital and that Royce believes have significant competitive advantages; “Emerging Quality,” which seeks companies that are newer in their lifecycle but that Royce believes can become High Quality in the future; “Traditional Value,” which looks for companies trading at prices below Royce’s estimate of their current worth; and “Quality Value,” which seeks companies with attractive profit margins, strong free cash flows, and lower leverage that also trade at what Royce believes are attractive valuations. The Fund’s portfolio managers generally focus on one of these approaches in managing segments of the Fund’s assets, while the Lead Portfolio Manager collaborates with the managers across all segments.

The Fund invests at least 80% of its net assets in equity securities of such small-cap companies, under normal circumstances. Although the Fund generally 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. The Fund may sell securities to, among other things, secure gains, limit losses, redeploy assets into what Royce deems to be more promising opportunities, and/or manage cash levels in the Fund’s portfolio.

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RPMIX - Performance

Return Ranking - Trailing

Period RPMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.1% -18.2% 30.9% 63.28%
1 Yr 23.2% -24.0% 45.0% 74.01%
3 Yr 6.1%* -12.5% 43.8% 15.55%
5 Yr 12.3%* -12.1% 35.2% 20.04%
10 Yr 9.6%* -2.4% 18.4% 15.27%

* Annualized

Return Ranking - Calendar

Period RPMIX Return Category Return Low Category Return High Rank in Category (%)
2023 20.7% -19.9% 29.0% 2.84%
2022 -21.2% -59.3% 118.2% 53.80%
2021 -5.7% -31.6% 39.3% 89.96%
2020 8.4% -51.0% 39.5% 62.18%
2019 21.7% -5.6% 37.8% 41.94%

Total Return Ranking - Trailing

Period RPMIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.1% -18.2% 30.9% 63.28%
1 Yr 23.2% -24.0% 45.0% 74.01%
3 Yr 6.1%* -12.5% 43.8% 15.55%
5 Yr 12.3%* -12.1% 35.2% 20.04%
10 Yr 9.6%* -2.4% 18.4% 15.27%

* Annualized

Total Return Ranking - Calendar

Period RPMIX Return Category Return Low Category Return High Rank in Category (%)
2023 26.8% -11.7% 31.8% 0.76%
2022 -17.1% -45.2% 123.7% 56.46%
2021 22.1% 0.0% 47.7% 57.34%
2020 14.1% -50.5% 46.9% 43.96%
2019 26.5% 2.1% 40.9% 27.07%

NAV & Total Return History

RPMIX - Holdings

Concentration Analysis

RPMIX Category Low Category High RPMIX % Rank
Net Assets 1.99 B 529 K 145 B 16.92%
Number of Holdings 287 2 2445 40.60%
Net Assets in Top 10 292 M 120 K 9.87 B 18.98%
Weighting of Top 10 15.38% 3.5% 100.1% 60.38%

Top 10 Holdings

  1. FIXED INC CLEARING CORP.REPO 2.64%
  2. Arcosa Inc 1.76%
  3. First Citizens BancShares Inc/NC 1.60%
  4. Air Lease Corp 1.49%
  5. Element Solutions Inc 1.48%
  6. Haemonetics Corp 1.41%
  7. Onto Innovation Inc 1.38%
  8. Enovis Corp 1.22%
  9. Computer Modelling Group Ltd 1.21%
  10. Cirrus Logic Inc 1.18%

Asset Allocation

Weighting Return Low Return High RPMIX % Rank
Stocks 		97.28% 7.51% 107.74% 75.56%
Other 		2.64% -0.13% 49.08% 8.27%
Cash 		0.07% 0.00% 42.24% 92.86%
Preferred Stocks 		0.00% 0.00% 6.06% 86.28%
Convertible Bonds 		0.00% 0.00% 3.17% 85.69%
Bonds 		0.00% 0.00% 87.66% 86.09%

Stock Sector Breakdown

Weighting Return Low Return High RPMIX % Rank
Industrials 		26.79% 2.46% 37.42% 8.17%
Technology 		20.26% 0.00% 43.95% 8.56%
Financial Services 		18.58% 0.00% 35.52% 18.82%
Consumer Cyclical 		11.61% 0.99% 47.79% 43.92%
Basic Materials 		7.71% 0.00% 18.66% 7.41%
Healthcare 		6.60% 0.00% 26.53% 89.16%
Communication Services 		3.12% 0.00% 14.85% 38.78%
Real Estate 		2.23% 0.00% 29.43% 91.63%
Energy 		1.62% 0.00% 37.72% 87.83%
Consumer Defense 		1.47% 0.00% 18.87% 92.97%
Utilities 		0.00% 0.00% 18.58% 98.48%

Stock Geographic Breakdown

Weighting Return Low Return High RPMIX % Rank
US 		89.70% 4.48% 107.74% 96.62%
Non US 		7.59% 0.00% 94.62% 1.88%

RPMIX - Expenses

Operational Fees

RPMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.91% 0.01% 38.30% 64.53%
Management Fee 0.76% 0.00% 1.50% 63.40%
12b-1 Fee 0.00% 0.00% 1.00% 17.96%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

RPMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RPMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RPMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 60.00% 1.00% 314.00% 65.36%

RPMIX - Distributions

Dividend Yield Analysis

RPMIX Category Low Category High RPMIX % Rank
Dividend Yield 0.39% 0.00% 42.47% 9.40%

Dividend Distribution Analysis

RPMIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

RPMIX Category Low Category High RPMIX % Rank
Net Income Ratio 0.21% -2.40% 2.49% 47.72%

Capital Gain Distribution Analysis

RPMIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

RPMIX - Fund Manager Analysis

Managers

Charles Royce

Start Date

Tenure

Tenure Rank

Oct 31, 1972

49.61

49.6%

Royce is the Royce & Associates, LLC's President, Co-Chief Investment Officer and Portfolio Manager. Founded Royce in 1972.

Jay Kaplan

Start Date

Tenure

Tenure Rank

Apr 29, 2003

19.1

19.1%

Mr. Kaplan has been portfolio manager since 2011 and was previously assistant portfolio manager (2005-2011). His employer at Royce since 2000. Prior to joining the firm, he spent 12 years with Prudential Financial, most recently as a managing director and portfolio manager.

Lauren Romeo

Start Date

Tenure

Tenure Rank

May 01, 2006

16.09

16.1%

Lauren A. Romeo, CFA, is a Portfolio Manager, Principal for Royce Investment Partners. She manages portfolios in the firm’s Small-Cap Premier Quality and Multi-Discipline strategies. She serves as Portfolio Manager for Royce Premier Fund and Royce Pennsylvania Mutual Fund (both with Chuck Royce as Lead Portfolio Manager). She also manages a portfolio with Mark Rayner and Steven McBoyle in Royce’s Global Small-Cap Quality Premier strategy for Japanese investors, as well as two offshore funds that use a similar U.S. high-quality strategy. In addition, she and serves as an Assistant Portfolio Manager for Royce Value Trust, a closed-end fund. Ms. Romeo joined Royce Investment Partners in 2004. Previously, she was a Portfolio Manager at Dalton Greiner, Hartman & Maher (since 2001), an Analyst with Legg Mason Funds Management (2000-2001), and an Analyst with T. Rowe Price Group (1996-2000). Ms. Romeo holds a bachelor’s degree from the University of Notre Dame and a Master of Business Administration from the Wharton School of Business at the University of Pennsylvania. She is a Chartered Financial Analyst (CFA).

James Stoeffel

Start Date

Tenure

Tenure Rank

May 01, 2017

5.08

5.1%

James Stoeffel joined Royce in 2009 as a Portfolio Manager. Previously he was a Portfolio Manager for a long/short equity private investment vehicle which he co-founded with Messrs. Brown and Hartman (2008-2009), a Portfolio Manager and Investment Policy Committee member at CRM (2001-2008), Director of Research at Palisade Capital Management (1999-2001), Research Analyst and Vice President in Smith Barney's Emerging Growth Stock Research Group (1993-1999) and an Auditor for a number of companies in the financial services industry (1984-1992).

Andrew Palen

Start Date

Tenure

Tenure Rank

May 01, 2018

4.08

4.1%

Andrew S. Palen Portfolio Manager Employed by Royce since 2015 Assistant Portfolio Manager for: Royce Pennsylvania Mutual Fund Previously a Senior Analyst at Armistice Capital (2013-2015), a Summer Associate at UBS Global Management (2012), and an Associate at Comvest Partners (2008-2011).

Steven McBoyle

Start Date

Tenure

Tenure Rank

May 01, 2019

3.08

3.1%

Steven G. McBoyle joined the firm in 2007. Previously, he was a Partner at Lord, Abbett & Co. LLC (2001-2007) where he was a Portfolio Manager of the Small Cap Value Fund and Small-Mid Value Fund. Prior to that he was Vice President of Mergers & Acquisitions at Morgan Stanley (2000-2001) and an Associate of Mergers & Acquisitions at Salomon Brothers (1997-2000). He began his career in public accounting within the Accounting & Audit Services Group of Deloitte & Touche (1990-1995). Mr. McBoyle holds a bachelor's degree from the School of Accountancy at the University of Waterloo, Canada and a Master of Business Administration from Columbia University. He is also a Chartered Accountant with a degree from the Institute of Chartered Accountants in Canada and a Certified Public Accountant.

Miles Lewis

Start Date

Tenure

Tenure Rank

Feb 01, 2021

1.33

1.3%

Mr. Lewis, Portfolio Manager, has been a member of the team that manages the funds since joining American Century in 2010 as an investment analyst and became a senior investment analyst in February 2014. He became a portfolio manager in November 2014. Before joining American Century, Mr. Lewis attended the Johnson Graduate School of Management at Cornell University from 2008 to 2010, where he obtained his MBA. He also has a bachelor's degree in business administration from The College of William & Mary. He is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 49.61 7.18 2.58

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