About PMEFX
The Penn Mutual AM 1847 Income Fund is an open-end mutual fund designed to provide **current income as its primary objective**, with a secondary emphasis on total return, all while prioritizing the **preservation of capital**. Managed by Penn Mutual Asset Management, the fund employs a moderately conservative allocation strategy, actively investing across a diversified range of asset classes. Its portfolio includes **corporate bonds, dividend-paying common stocks, preferred stocks, U.S. Treasury securities, agency debt, asset-backed and mortgage-backed securities, and municipal bonds**. The allocation to common stocks is generally capped at 40%, and equity selection focuses exclusively on companies that pay cash dividends.
The fund is managed by an experienced team and is considered diversified, typically holding around 95 securities, with significant exposure to both domestic and select foreign issuers. Its rigorous selection criteria target value and income opportunities, favoring securities with attractive yields, solid fundamentals, or potential for prudent capital appreciation. Launched in 2020, the fund is positioned within the moderately conservative allocation category and seeks to appeal to investors seeking **steady income with a balanced risk profile** in their portfolios.
Fund Family Penn Mutual Asset Management
Category Allocation--30% to 50% Equity
Stock Exchange NASDAQ
Ticker Symbol PMEFX
Share Class I Shares
Index Index is not available on Lipper Database
PMEFX had a total return of 9.92% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.22%.
