Pennsylvania Mutual (PENNX)
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DESCRIPTION:
Date updated:12-20-2007
This fund was featured in Fortune Magazines 2007 investors guide as one of the 7 funds to own in 2007.
In the Fortune article, the magazine is quoted as saying:
“Chuck Royce first took the helm of the Pennsylvania Mutual fund in the midst of a brutal bear market in 1972. The fund nose-dived early on, but Royce, the longest tenured of all small-cap managers, has more than made up for it over time. In fact, Pennsylvania Mutual, long the flagship fund of his investment company, has managed an average total return of nearly 16 percent annually over the past 30 years”
Current Returns:
1-Year: 1.20%
3-Year: 9.84%
5-Year: 17.10%
As of 9/30/07
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