Compare Funds | Royce
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At a Glance
As of 09/30/25

Small-Cap Total ReturnRemove

Small-Cap OpportunityRemove

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Style

Value

Value

Market Cap

Small-Cap

Small-Cap

Volatility

Low

High

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • Small-cap value fund that invests primarily in capital-returning 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 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 10.1% since inception (12/15/93) through 9/30/25.
  • Small-cap value fund that uses an opportunistic approach to invest in companies are categorized into themes: Turnarounds, Unrecognized Asset Values, Undervalued Growth, and Interrupted Earnings. Small-cap stocks' market caps are less than the largest stock in the Russell 2000® Index.
  • Identifies a catalyst for future earnings growth in the form of new management, more favorable business cycle, product innovation, and/or margin improvement.
  • Outperformed its benchmark for the 1-, 3-, 5-, 10-, 15-, 20-, 25-year, and since inception (11/19/96) periods ended 9/30/25.

Inception Date
12/15/93
11/19/96

Portfolio Managers

Joseph Hintz, Miles Lewis, Jag Sriram

Kavitha Venkatraman, Jim Harvey, Brendan Hartman, Jim Stoeffel

Portfolio Diagnostics As of 09/30/25

 

Small-Cap Total Return

Small-Cap Opportunity

Total Net Assets

942.6M

1.12B

Holdings

60

214

Average Market Cap

2.58B

1.51B

Active Share

96%

89%
2024
Portfolio Turnover

51%

35%

Weighted Average P/E,

14.2x

-

Weighted Average P/B,

1.8x

1.8x

Weighted Average P/S

-

1.1x

Composition As of 09/30/25

 

Small-Cap Total Return

Small-Cap Opportunity

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

Small-Cap Total Return

Small-Cap Opportunity

Financials

35.7

11.7

Industrials

19.7

25.7

Consumer Discretionary

12.5

10.1

Information Technology

10.0

20.7

Materials

7.8

6.4

Energy

2.9

9.0

Consumer Staples

2.7

0.4

Health Care

1.5

8.4

Real Estate

-

0.2

Communication Services

0.2

3.7

Cash and Cash Equivalents

7.0

3.7

Portfolio Overlap

Small-Cap Total Return

Small-Cap Opportunity

Small-Cap Total Return

-

10%

Small-Cap Opportunity

10%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 SMid-Cap Total ReturnSmall-CapSmall-Cap Opportunity Capital Micro-CapMicro-CapSmall-Cap

Least Portfolio Overlap - U.S. Equity Funds

 Micro-CapSmall-Cap ValuePremier Small-Cap Special EquitySmall-Cap ValuePremier

Risk As of 09/30/25

 

Small-Cap Total Return

Small-Cap Opportunity

Five-Year Up/Down Capture Ratio

↑ 83   ↓ 69

↑ 113   ↓ 108

Beta

N/A

N/A

Standard Deviation

19.89

23.69

Sharpe Ratio

0.58

0.60

Volatility

Performance As of 09/30/25

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 09/30/25

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
Small-Cap Total Return RYTRX 4.86 1.27 5.42 15.59 13.57 9.45 10.05 12/15/93 1.21 1.21
Russell 2000 Value Index - 12.60 9.04 7.88 13.56 14.59 9.23 - - - -
Russell 2000 Index - 12.39 10.39 10.76 15.21 11.56 9.77 - - - -
Small-Cap Opportunity RYPNX 12.93 9.94 13.95 17.67 16.93 12.63 11.89 11/19/96 1.22 1.22
Russell 2000 Value Index - 12.60 9.04 7.88 13.56 14.59 9.23 - - - -
Russell 2000 Index - 12.39 10.39 10.76 15.21 11.56 9.77 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER SEP YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Small-Cap Total Return RYTRX -2.37 1.27 5.42 15.59 13.57 9.45 10.05 12/15/93 1.21 1.21
Russell 2000 Value Index - 2.01 9.04 7.88 13.56 14.59 9.23 - - - -
Russell 2000 Index - 3.11 10.39 10.76 15.21 11.56 9.77 - - - -
Small-Cap Opportunity RYPNX 2.90 9.94 13.95 17.67 16.93 12.63 11.89 11/19/96 1.22 1.22
Russell 2000 Value Index - 2.01 9.04 7.88 13.56 14.59 9.23 - - - -
Russell 2000 Index - 3.11 10.39 10.76 15.21 11.56 9.77 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER OCT QTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Small-Cap Total Return RYTRX -3.94 -3.94 0.11 10.17 11.99 8.33 9.88 12/15/93 1.21 1.21
Russell 2000 Value Index - 0.08 0.08 7.99 9.19 13.81 8.64 - - - -
Russell 2000 Index - 1.25 1.25 11.94 11.73 11.37 9.30 - - - -
Small-Cap Opportunity RYPNX 1.47 1.47 17.67 13.78 16.55 12.13 11.91 11/19/96 1.22 1.22
Russell 2000 Value Index - 0.08 0.08 7.99 9.19 13.81 8.64 - - - -
Russell 2000 Index - 1.25 1.25 11.94 11.73 11.37 9.30 - - - -

Important Disclosure Information for Open-End Funds and Annuity Portfolios

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