Compare Funds | Royce
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At a Glance
As of 09/30/24

Small-Cap ValueRemove

Dividend ValueRemove

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Style

Value

Value

Market Cap

Small-Cap

Small/Mid-Cap

Volatility

Above Average

Below Average

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • Small-cap value fund that focuses on companies with above-average profitability and low leverage that are selling at attractive valuations due to what Royce believes are temporary factors. Small-cap stocks' market caps are less than the largest stock in the Russell 2000® Index.
  • Takes a contrarian value approach, looking for stocks with solid fundamentals in industries where pessimism runs high.
  • Average annual total return of 9.0% since inception (6/14/01) through 9/30/24.
  • Small/mid-cap value fund (generally market caps up to $15 billion) that invests primarily in dividend-paying companies with strong business fundamentals and attractive prospects.
  • 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 9.2% since inception (5/3/04) through 9/30/24.

Inception Date
06/14/01
05/03/04

Portfolio Managers

Jay Kaplan

Miles Lewis, Joseph Hintz, Jag Sriram

Portfolio Diagnostics As of 09/30/24

 

Small-Cap Value

Dividend Value

Total Net Assets

116.2M

71.0M

Holdings

86

47

Average Market Cap

1.88B

8.84B

Active Share

94%

97%
2023
Portfolio Turnover

48%

14%

Weighted Average P/E,

12.3x

21.6x

Weighted Average P/B,

1.6x

3.0x

Weighted Average P/S

-

-

Composition As of 09/30/24

 

Small-Cap Value

Dividend Value

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 Value

Dividend Value

Consumer Discretionary

23.2

5.4

Financials

21.2

35.7

Industrials

19.1

30.7

Information Technology

15.0

0.5

Energy

9.3

1.6

Health Care

6.3

4.1

Consumer Staples

2.5

-

Communication Services

1.8

-

Real Estate

1.2

1.6

Utilities

-

-

Materials

-

14.6

Cash and Cash Equivalents

0.5

5.8

Portfolio Overlap

Small-Cap Value

Dividend Value

Small-Cap Value

-

4%

Dividend Value

4%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Capital Small-CapSmall-CapSmall-Cap Opportunity Small-CapPremierSmall-Cap Total Return

Least Portfolio Overlap - U.S. Equity Funds

 Smaller-Companies GrowthPremierDividend Value Micro-CapCapital Micro-CapCapital Small-Cap

Risk As of 09/30/24

 

Small-Cap Value

Dividend Value

Five-Year Up/Down Capture Ratio

↑ 100   ↓ 102

↑ 105   ↓ 102

Beta

N/A

N/A

Standard Deviation

22.14

20.74

Sharpe Ratio

0.33

0.38

Volatility

Performance As of 09/30/24

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 09/30/24

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
Small-Cap Value RVVHX 8.69 5.53 22.44 9.21 9.12 6.41 9.02 06/14/01 1.35 1.24
Russell 2000 Value Index - 10.15 9.22 25.88 3.77 9.29 8.22 - - - -
Russell 2000 Index - 9.27 11.17 26.76 1.84 9.39 8.78 - - - -
Dividend Value RDVIX 9.66 16.97 33.00 10.05 11.46 8.99 9.17 05/03/04 1.27 1.09
Russell 2500 Index - 8.75 11.30 26.17 3.47 10.43 9.50 - - - -
Russell 2000 Index - 9.27 11.17 26.76 1.84 9.39 8.78 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER OCT YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Small-Cap Value RVVHX -2.67 2.72 23.27 7.06 8.23 5.76 8.86 06/14/01 1.35 1.24
Russell 2000 Value Index - -1.56 7.51 31.77 1.95 8.42 7.33 - - - -
Russell 2000 Index - -1.44 9.56 34.07 -0.05 8.50 7.94 - - - -
Dividend Value RDVIX 0.43 17.48 40.48 8.19 10.91 8.76 9.16 05/03/04 1.27 1.09
Russell 2500 Index - -0.93 10.27 33.08 1.51 9.81 8.92 - - - -
Russell 2000 Index - -1.44 9.56 34.07 -0.05 8.50 7.94 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER NOV QTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Small-Cap Value RVVHX 4.82 2.02 20.30 7.05 8.90 6.21 9.05 06/14/01 1.35 1.24
Russell 2000 - N/A N/A N/A N/A N/A N/A - - - -
Russell 2000 Value - N/A N/A N/A N/A N/A N/A - - - -
Dividend Value RDVIX 3.57 4.02 34.46 8.38 11.17 9.09 9.32 05/03/04 1.27 1.09
Russell 2000 - N/A N/A N/A N/A N/A N/A - - - -
Russell 2500 - N/A N/A N/A N/A N/A N/A - - - -

Important Disclosure Information for Open-End Funds and Annuity Portfolios

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