Muhlenkamp Fund (MUHLX)

Fund Assets	264.26M
Expense Ratio	1.228%
Min. Investment	$1,500
Turnover	16.00%
Dividend (ttm)	0.30
Dividend Yield	0.35%
Dividend Growth	-19.39%
Payout Frequency	Annual
Ex-Dividend Date	Dec 26, 2025

Previous Close	86.87
YTD Return	19.60%
1-Year Return	25.69%
5-Year Return	78.40%
52-Week Low	70.28
52-Week High	88.23
Beta (5Y)	0.60
Holdings	22
Inception Date	Nov 1, 1988

About MUHLX

The Muhlenkamp Fund is a no-load mutual fund with a multi-cap core strategy, established in 1988 and managed by Muhlenkamp & Company, Inc. Its primary objective is to maximize total after-tax returns for shareholders by seeking both capital appreciation and income from dividends and interest. The fund invests in a diversified portfolio of common stocks across various market capitalizations, selecting companies considered highly profitable and undervalued based on metrics like return-on-equity and price-to-earnings ratios. The fund maintains a relatively concentrated portfolio, typically holding around 25-27 equity positions, and may allocate a significant portion to cash or equivalents for flexibility and risk management. It is open to individual and institutional investors, with a minimum initial investment of $1,500 and no sales charges. The Muhlenkamp Fund serves as a core equity holding for investors seeking exposure to value-oriented, fundamentally researched stocks and is managed with a disciplined, patient approach that considers both domestic and select foreign opportunities, making it a notable presence among actively managed U.S. equity funds.

• Fund Family: Muhlenkamp
• Category: Large Value
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: MUHLX
• Share Class: Institutional Class Shares
• Index: S&P 500 TR

Performance

MUHLX had a total return of 25.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.22%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
SWANX	Schwab	Schwab Core Equity Fund™	0.72%
FAMRX	Fidelity	Fidelity Asset Manager 85%	0.62%
FBRNX	Fidelity	Fidelity Advisor Stock Sel I	0.53%
FDSSX	Fidelity	Fidelity Stock Selector Fund	0.49%
FEYAX	Fidelity	Fidelity Advisor Asset Manager 85% A	0.92%

Top 10 Holdings

65.06% of assets

Name	Symbol	Weight
First American Government Obligs X	FGXXX	20.58%
Rush Enterprises, Inc.	RUSHA	6.70%
Newmont Corporation	NEM	5.35%
EQT Corporation	EQT	4.96%
Agnico Eagle Mines Limited	AEM	4.85%
G5960L103 - Berkshire Hathaway Inc	BRKB	4.84%
McKesson Corporation	MCK	4.75%
Royal Gold, Inc.	RGLD	4.72%
Microchip Technology Incorporated	MCHP	4.17%
United Rentals, Inc.	URI	4.13%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 26, 2025	$2.4356	Dec 26, 2025
Dec 27, 2024	$5.05918	Dec 27, 2024
Dec 28, 2023	$0.55327	Dec 28, 2023
Dec 30, 2022	$3.74928	Dec 30, 2022
Dec 30, 2021	$4.44271	Dec 30, 2021
Dec 30, 2020	$4.91247	Dec 30, 2020

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Nov 3, 2026

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