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

Smaller-Companies GrowthRemove

Small-Cap OpportunityRemove

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Style

Growth

Value

Market Cap

Small-Cap

Small-Cap

Volatility

High

High

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • Small/mid-cap growth fund (generally market caps up to $7.5 billion) that invests in companies with superior revenue and/or earnings growth selling at prices that Royce believes do not fully reflect their prospects.
  • Seeks companies that look poised for multi-year periods of robust growth driven by sustainable competitive advantages and/or benefiting from secular growth themes that create favorable conditions for the business.
  • Average annual total return of 10.5% since inception (6/14/01) through 9/30/24.
  • 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 5-, 10-, 15-, 20-, 25-year, and since inception (11/19/96) periods ended 9/30/24.

Inception Date
06/14/01
11/19/96

Portfolio Managers

Chip Skinner

Jim Harvey, Kavitha Venkatraman, Jim Stoeffel, Brendan Hartman

Portfolio Diagnostics As of 09/30/24

 

Smaller-Companies Growth

Small-Cap Opportunity

Total Net Assets

184.7M

1.23B

Holdings

87

225

Average Market Cap

2.69B

1.33B

Active Share

91%

90%
2023
Portfolio Turnover

65%

35%

Weighted Average P/E,

-

-

Weighted Average P/B,

4.0x

1.7x

Weighted Average P/S

-

1.0x

Composition As of 09/30/24

 

Smaller-Companies Growth

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

Smaller-Companies Growth

Small-Cap Opportunity

Health Care

24.4

8.3

Information Technology

22.4

19.5

Industrials

20.8

27.5

Financials

9.7

8.0

Consumer Discretionary

9.2

12.0

Energy

3.3

7.9

Materials

2.8

6.4

Consumer Staples

2.8

1.3

Communication Services

1.4

5.1

Real Estate

-

0.4

Utilities

-

-

Cash and Cash Equivalents

3.3

3.6

Portfolio Overlap

Smaller-Companies Growth

Small-Cap Opportunity

Smaller-Companies Growth

-

8%

Small-Cap Opportunity

8%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Capital Micro-CapMicro-CapSmall-Cap Opportunity Capital Micro-CapMicro-CapSmall-Cap

Least Portfolio Overlap - U.S. Equity Funds

 Capital Small-CapSmall-Cap ValuePremier PremierDividend ValueSmall-Cap Special Equity

Risk As of 09/30/24

 

Smaller-Companies Growth

Small-Cap Opportunity

Five-Year Up/Down Capture Ratio

↑ 114   ↓ 112

↑ 122   ↓ 106

Beta

N/A

N/A

Standard Deviation

25.60

24.31

Sharpe Ratio

-0.19

0.11

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
Smaller-Companies Growth RVPHX 8.49 15.17 31.34 -4.20 10.04 8.45 10.48 06/14/01 1.27 1.24
Russell 2000 Growth Index - 8.41 13.22 27.66 -0.35 8.82 8.95 - - - -
Russell 2000 Index - 9.27 11.17 26.76 1.84 9.39 8.78 - - - -
Small-Cap Opportunity RYPNX 2.75 6.42 18.30 3.72 13.94 10.04 11.81 11/19/96 1.23 1.23
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 - - - -
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
Smaller-Companies Growth RVPHX 3.00 18.62 47.39 -5.26 10.03 8.23 10.58 06/14/01 1.27 1.24
Russell 2000 Growth Index - -1.33 11.72 36.49 -2.30 7.92 8.15 - - - -
Russell 2000 Index - -1.44 9.56 34.07 -0.05 8.50 7.94 - - - -
Small-Cap Opportunity RYPNX -3.61 2.58 23.41 1.25 12.66 9.30 11.63 11/19/96 1.23 1.23
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 - - - -
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
Smaller-Companies Growth RVPHX 7.09 10.30 40.07 -2.33 11.24 8.97 10.88 06/14/01 1.27 1.24
Russell 2000 - N/A N/A N/A N/A N/A N/A - - - -
Russell 2000 Growth - N/A N/A N/A N/A N/A N/A - - - -
Small-Cap Opportunity RYPNX 8.00 4.10 22.90 2.26 13.87 10.14 11.91 11/19/96 1.23 1.23
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 - - - -

Important Disclosure Information for Open-End Funds and Annuity Portfolios

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