Muhlenkamp Fund (MUHLX)

Fund Assets	263.55M
Expense Ratio	1.24%
Min. Investment	$1,500
Turnover	16.00%
Dividend (ttm)	2.44
Dividend Yield	2.83%
Dividend Growth	-51.86%
Payout Frequency	Annual
Ex-Dividend Date	Dec 26, 2025

Previous Close	85.92
YTD Return	17.82%
1-Year Return	26.95%
5-Year Return	83.17%
52-Week Low	69.50
52-Week High	86.02
Beta (5Y)	0.59
Holdings	25
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 26.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.23%.

Equivalent Funds

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

Symbol	Provider	Name	Expense Ratio
FIQCX	Fidelity	Fidelity Advisor Asset Manager 85% - Class Z	0.56%
FBRNX	Fidelity	Fidelity Advisor Stock Selector Fund - Class I	0.54%
FSSKX	Fidelity	Fidelity Stock Selector Fund - Class K	0.42%
FSJHX	Fidelity	Fidelity Advisor Stock Selector Fund - Class M	1.04%
FEYAX	Fidelity	Fidelity Advisor Asset Manager 85% A	0.92%

Top 10 Holdings

55.53% of assets

Name	Symbol	Weight
First American Government Obligs X	FGXXX	7.57%
EQT Corporation	EQT	6.84%
Agnico Eagle Mines Limited	AEM	6.16%
Newmont Corporation	NEM	6.03%
Rush Enterprises, Inc.	RUSHA	5.90%
Royal Gold, Inc.	RGLD	5.85%
McKesson Corporation	MCK	5.28%
Berkshire Hathaway Inc	BRKB	4.51%
SLB N.V.	SLB	3.89%
Westinghouse Air Brake Technologies Corporation	WAB	3.49%

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:

Aug 18, 2026

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