Compare Funds | Royce
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At a Glance
As of 06/30/26

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?
  • Smaller-companies 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 11.8% since inception (6/14/01) through 6/30/26.
  • 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 6/30/26.

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

Portfolio Managers

Chip Skinner

Kavitha Venkatraman, Jim Harvey, Brendan Hartman, Jim Stoeffel

Portfolio Diagnostics As of 06/30/26

 

Smaller-Companies Growth

Small-Cap Opportunity

Total Net Assets

238.4M

1.41B

Holdings

81

211

Average Market Cap

2.67B

1.96B

Active Share

93%

92%
2025
Portfolio Turnover

75%

51%

Weighted Average P/E,

-

24.9x

Weighted Average P/B,

4.1x

2.3x

Weighted Average P/S

-

1.3x

Composition As of 06/30/26

 

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

32.7

9.9

Information Technology

17.1

17.3

Industrials

16.8

30.9

Financials

5.9

11.3

Energy

5.0

7.8

Communication Services

4.8

3.7

Materials

3.9

5.8

Consumer Staples

3.3

0.0

Consumer Discretionary

3.2

9.4

Utilities

0.7

-

Real Estate

-

-

Cash and Cash Equivalents

6.6

3.9

Portfolio Overlap

Smaller-Companies Growth

Small-Cap Opportunity

Smaller-Companies Growth

-

12%

Small-Cap Opportunity

12%

-

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 Small-Cap Special EquityCapital Small-CapSmall-Cap Value

Risk As of 06/30/26

 

Smaller-Companies Growth

Small-Cap Opportunity

Five-Year Up/Down Capture Ratio

↑ 115   ↓ 117

↑ 117   ↓ 108

Beta

N/A

N/A

Standard Deviation

21.30

22.36

Sharpe Ratio

0.88

0.74

Volatility

Performance As of 06/30/26

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 06/30/26

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 32.56 26.02 40.47 23.30 5.91 13.52 11.80 06/14/01 1.28 1.02
Russell 2000 Growth Index - 25.71 22.18 38.74 18.44 5.57 11.97 - - - -
Russell 2000 Index - 21.49 22.57 40.78 18.60 6.98 11.62 - - - -
Small-Cap Opportunity RYPNX 25.90 33.92 53.88 20.42 10.37 15.62 12.74 11/19/96 1.24 1.24
Russell 2000 Value Index - 17.19 22.99 43.01 18.73 8.23 10.89 - - - -
Russell 2000 Index - 21.49 22.57 40.78 18.60 6.98 11.62 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER JUL YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Smaller-Companies Growth RVPHX -5.77 18.74 31.13 19.26 5.72 12.42 11.50 06/14/01 1.28 1.02
Russell 2000 Growth Index - -5.86 15.02 28.42 14.32 5.07 10.59 - - - -
Russell 2000 Index - -3.03 18.85 34.18 15.09 7.11 10.64 - - - -
Small-Cap Opportunity RYPNX -7.39 24.02 39.73 15.89 9.17 13.90 12.41 11/19/96 1.24 1.24
Russell 2000 Value Index - 0.01 23.00 40.53 15.89 9.03 10.31 - - - -
Russell 2000 Index - -3.03 18.85 34.18 15.09 7.11 10.64 - - - -
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
Smaller-Companies Growth RVPHX -5.77 -5.77 31.13 19.26 5.72 12.42 11.50 06/14/01 1.28 1.02
Russell 2000 Growth Index - -5.86 -5.86 28.42 14.32 5.07 10.59 - - - -
Russell 2000 Index - -3.03 -3.03 34.18 15.09 7.11 10.64 - - - -
Small-Cap Opportunity RYPNX -7.39 -7.39 39.73 15.89 9.17 13.90 12.41 11/19/96 1.24 1.24
Russell 2000 Value Index - 0.01 0.01 40.53 15.89 9.03 10.31 - - - -
Russell 2000 Index - -3.03 -3.03 34.18 15.09 7.11 10.64 - - - -

Important Disclosure Information for Open-End Funds and Annuity Portfolios

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