Royce Pennsylvania's seasoned collection of independent managers help it retain Morningstar Analyst Ratings of Bronze for its cheapest share classes and Neutral for the rest.
Royce Pennsylvania Mutual Invmt PENNX Fund Analysis
Morningstar’s Fund Analysis PENNX
Will PENNX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PENNX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PENNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of PENNX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Diversified but not dull.
