Royce Pennsylvania Mutual Invmt Fund (PENNX)
Royce Pennsylvania Mutual Invmt Fund (PENNX) Quote
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Royce Pennsylvania Mutual Invmt Fund (PENNX) Profile
Royce Fund 745 Fifth Avenue New York, NY 10151 USA
Charles M. Royce
Manager Start Date
The investment seeks long-term growth of capital. The fund normally invests at least 65% of assets in the equities of small- and micro-cap companies. The fund typically invests in companies with market capitalizations up to $2.5 billion. The fund may invest up to 25% of assets in the securities of foreign issuers. The advisor selects securities that it believes are trading significantly below its estimate of their current worth, basing this assessment chiefly on balance sheet quality and cash flow levels.