Compare Funds | Royce
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At a Glance
As of 06/30/25

Small-Cap Total ReturnRemove

SMid-Cap Total ReturnRemove

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Style

Value

Value

Market Cap

Small-Cap

SMid-Cap

Volatility

Low

Below Average

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 10.0% since inception (12/15/93) through 6/30/25.
  • SMid-Cap fund that invests primarily in capital-returning stocks with solid fundamentals. SMid-cap stocks' market caps are less than the largest stock in the Russell 2500® Index.
  • Focuses on quality businesses, both U.S. and foreign, with below-average debt and above-average profitability selling at prices that Royce believes do not fully reflect underlying quality.
  • Average annual total return of 8.9% since inception (5/3/04) through 6/30/25.

Inception Date
12/15/93
05/03/04

Portfolio Managers

Joseph Hintz, Miles Lewis, Jag Sriram

Miles Lewis, Joseph Hintz, Jag Sriram

Portfolio Diagnostics As of 06/30/25

 

Small-Cap Total Return

SMid-Cap Total Return

Total Net Assets

921.9M

66.9M

Holdings

63

46

Average Market Cap

2.47B

5.05B

Active Share

96%

96%
2024
Portfolio Turnover

51%

62%

Weighted Average P/E,

14.7x

15.6x

Weighted Average P/B,

1.8x

2.0x

Weighted Average P/S

-

-

Composition As of 06/30/25

 

Small-Cap Total Return

SMid-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

Small-Cap Total Return

SMid-Cap Total Return

Financials

34.9

28.8

Industrials

23.0

20.5

Information Technology

13.2

14.1

Consumer Discretionary

10.6

11.5

Materials

7.2

13.5

Energy

3.1

3.2

Consumer Staples

2.3

1.2

Health Care

1.1

2.5

Communication Services

0.3

-

Real Estate

-

-

Utilities

-

-

Cash and Cash Equivalents

4.3

4.7

Portfolio Overlap

Small-Cap Total Return

SMid-Cap Total Return

Small-Cap Total Return

-

56%

SMid-Cap Total Return

56%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 SMid-Cap Total ReturnSmall-CapSmaller-Companies Growth Small-Cap Total ReturnSmall-CapPremier

Least Portfolio Overlap - U.S. Equity Funds

 PremierMicro-CapCapital Micro-Cap Micro-CapCapital Micro-CapSmall-Cap Value

Risk As of 06/30/25

 

Small-Cap Total Return

SMid-Cap Total Return

Five-Year Up/Down Capture Ratio

↑ 86   ↓ 69

↑ 107   ↓ 94

Beta

N/A

N/A

Standard Deviation

21.37

19.56

Sharpe Ratio

0.32

0.67

Volatility

Performance As of 06/30/25

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 06/30/25

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 2.74 -3.42 4.84 9.81 12.56 7.84 9.97 12/15/93 1.21 1.21
Russell 2000 Value Index - 4.97 -3.16 5.54 7.45 12.47 6.72 - - - -
Russell 2000 Index - 8.50 -1.79 7.68 10.00 10.04 7.12 - - - -
SMid-Cap Total Return RDVIX 4.52 -0.58 11.93 17.23 13.70 8.66 8.94 05/03/04 1.24 1.09
Russell 2500 Index - 8.59 0.44 9.91 11.31 11.44 8.39 - - - -
Russell 2500 Value Index - 7.29 1.03 10.47 10.69 13.96 7.73 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER JUN YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Small-Cap Total Return RYTRX 3.32 -3.42 4.84 9.81 12.56 7.84 9.97 12/15/93 1.21 1.21
Russell 2000 Value Index - 4.95 -3.16 5.54 7.45 12.47 6.72 - - - -
Russell 2000 Index - 5.44 -1.79 7.68 10.00 10.04 7.12 - - - -
SMid-Cap Total Return RDVIX 2.70 -0.58 11.93 17.23 13.70 8.66 8.94 05/03/04 1.24 1.09
Russell 2500 Index - 4.61 0.44 9.91 11.31 11.44 8.39 - - - -
Russell 2500 Value Index - 4.52 1.03 10.47 10.69 13.96 7.73 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER JUL QTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Small-Cap Total Return RYTRX 3.84 3.84 0.91 9.21 12.93 8.62 10.08 12/15/93 1.21 1.21
Russell 2000 Value Index - 4.82 4.82 -1.57 6.06 13.14 7.62 - - - -
Russell 2000 Index - 3.80 3.80 1.22 7.98 10.42 7.77 - - - -
SMid-Cap Total Return RDVIX 4.25 4.25 7.42 15.81 13.70 9.56 9.12 05/03/04 1.24 1.09
Russell 2500 Index - 3.79 3.79 6.62 9.38 11.64 8.97 - - - -
Russell 2500 Value Index - 3.92 3.92 6.87 9.06 14.23 8.45 - - - -

Important Disclosure Information for Open-End Funds and Annuity Portfolios

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