Compare Funds | Royce
This page not available on mobile browsers.

At a Glance
As of 03/31/24

Micro-CapRemove

Small-Cap Total ReturnRemove

Add Another Fund

Style

Core

Value

Market Cap

Micro-Cap

Small-Cap

Volatility

High

Low

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • One of the oldest open-end funds dedicated to investing in micro-cap stocks, which Royce defines as companies with market caps no higher than that of the largest company in the Russell Microcap® Index.
  • Core approach that combines multiple investment themes and offers wide exposure to micro-cap stocks by investing in companies with strong fundamentals and/or prospects selling at prices that Royce believes do not fully reflect these attributes.
  • Outperformed its benchmark for the 1-, 3-, 5-, 10-, and 20-year periods ended 3/31/24.
  • Small-cap value fund that invests primarily in dividend-paying stocks with solid fundamentals. Small-cap stocks' market caps are less than the largest stock in the Russell 2000® Index.
  • Focuses on quality companies that that pay regular dividends and/or return capital to shareholders. Companies typically fall into one of three investment themes: Compounder, Quality Value, or Special Situations.
  • Average annual total return of 10.3% since inception (12/15/93) through 3/31/24.

Inception Date
12/31/91
12/15/93

Portfolio Managers

Brendan Hartman, Jim Stoeffel

Joseph Hintz, Chuck Royce, Miles Lewis

Portfolio Diagnostics As of 03/31/24

 

Micro-Cap

Small-Cap Total Return

Total Net Assets

317.3M

1.05B

Holdings

124

64

Average Market Cap

613.0M

2.30B

Active Share

89%

97%
2023
Portfolio Turnover

19%

65%

Weighted Average P/E,

-

15.1x

Weighted Average P/B,

1.8x

1.7x

Weighted Average P/S

-

-

Composition As of 03/31/24

 

Micro-Cap

Small-Cap Total Return

Morningstar Style Map

The Morningstar Style Map is the Morningstar Style Box™ with the center 75% of fund holdings plotted as the Morningstar Ownership Zone™. The Morningstar Style Box is designed to reveal a fund's investment strategy. The Morningstar Ownership Zone provides detail about a portfolio's investment style by showing the range of stock sizes and styles. The Ownership Zone is derived by plotting each stock in the portfolio within the proprietary Morningstar Style Box. The shaded area represents the center 75% of the Fund's assets while the plot point in the middle represents the weighted average of its holdings. Over time, the shape and location of a fund's ownership zone may vary.

Geographic Breakdown

Sector Breakdowns

Micro-Cap

Small-Cap Total Return

Information Technology

26.1

16.2

Industrials

25.9

16.1

Consumer Discretionary

12.4

9.8

Financials

11.9

35.7

Health Care

6.8

-

Communication Services

4.7

5.9

Materials

4.5

6.7

Energy

3.9

5.4

Consumer Staples

0.6

-

Real Estate

0.6

1.0

Bonds & Preferreds

-

0.0

Utilities

-

-

Cash and Cash Equivalents

2.6

3.2

Portfolio Overlap

Micro-Cap

Small-Cap Total Return

Micro-Cap

-

4%

Small-Cap Total Return

4%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Capital Micro-CapSmall-Cap OpportunitySmall-Cap Small-CapDividend ValueSmall-Cap Opportunity

Least Portfolio Overlap - U.S. Equity Funds

 PremierSmall-Cap Total ReturnSmall-Cap Special Equity Micro-CapSmall-Cap Special EquityCapital Micro-Cap

Risk As of 03/31/24

 

Micro-Cap

Small-Cap Total Return

Five-Year Up/Down Capture Ratio

↑ 103   ↓ 81

↑ 95   ↓ 81

Beta

N/A

N/A

Standard Deviation

22.37

20.14

Sharpe Ratio

0.08

0.26

Volatility

Performance As of 03/31/24

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 03/31/24

Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER QTR YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Micro-Cap RYOTX 4.45 4.45 21.55 2.43 11.74 6.27 10.52 12/31/91 1.25 1.24
Russell Microcap Index - 4.68 4.68 17.78 -4.89 6.90 5.96 - - - -
Russell 2000 Index - 5.18 5.18 19.71 -0.10 8.10 7.58 - - - -
Small-Cap Total Return RYTRX 4.33 4.33 26.53 6.44 10.17 7.81 10.33 12/15/93 1.26 1.26
Russell 2000 Value Index - 2.90 2.90 18.75 2.22 8.17 6.87 - - - -
Russell 2000 Index - 5.18 5.18 19.71 -0.10 8.10 7.58 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER APR YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Micro-Cap RYOTX -7.31 -3.18 18.51 -1.17 9.27 5.70 10.23 12/31/91 1.25 1.24
Russell Microcap Index - -7.76 -3.45 11.52 -7.50 4.78 5.74 - - - -
Russell 2000 Index - -7.04 -2.22 13.32 -3.18 5.83 7.22 - - - -
Small-Cap Total Return RYTRX -7.39 -3.38 18.78 2.06 7.55 7.15 10.03 12/15/93 1.26 1.26
Russell 2000 Value Index - -6.37 -3.66 14.03 -0.67 5.96 6.45 - - - -
Russell 2000 Index - -7.04 -2.22 13.32 -3.18 5.83 7.22 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER MAY QTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Micro-Cap RYOTX 8.17 0.26 25.84 1.62 11.79 6.84 10.48 12/31/91 1.25 1.24
Russell Microcap Index - 6.72 -1.57 16.18 -4.74 6.58 6.84 - - - -
Russell 2000 Index - 6.26 -1.22 19.92 -0.64 7.87 8.10 - - - -
Small-Cap Total Return RYTRX 6.86 -1.04 28.49 3.86 9.78 7.94 10.25 12/15/93 1.26 1.26
Russell 2000 Value Index - 6.55 -0.24 21.75 0.66 8.01 7.33 - - - -
Russell 2000 Index - 6.26 -1.22 19.92 -0.64 7.87 8.10 - - - -

Important Disclosure Information for Open-End Funds and Annuity Portfolios

More Tools

Relative Risk Spectrum

Growth of Investment Tool

Share:

Subscribe:

Sign Up

Follow: