Compare Funds | Royce
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At a Glance
As of 03/31/24

Dividend ValueRemove

Small-Cap Total ReturnRemove

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Style

Value

Value

Market Cap

Small/Mid-Cap

Small-Cap

Volatility

Below Average

Low

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • 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 9.1% since inception (5/3/04) through 3/31/24.
  • Small-cap value fund that invests primarily in dividend-paying 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 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 10.3% since inception (12/15/93) through 3/31/24.

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

Portfolio Managers

Chuck Royce

Joseph Hintz, Chuck Royce, Miles Lewis

Portfolio Diagnostics As of 03/31/24

 

Dividend Value

Small-Cap Total Return

Total Net Assets

69.0M

1.05B

Holdings

47

64

Average Market Cap

8.27B

2.30B

Active Share

97%

97%
2023
Portfolio Turnover

14%

65%

Weighted Average P/E,

14.9x

15.1x

Weighted Average P/B,

3.0x

1.7x

Weighted Average P/S

-

-

Composition As of 03/31/24

 

Dividend Value

Small-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

Dividend Value

Small-Cap Total Return

Financials

34.1

35.7

Industrials

31.8

16.1

Materials

14.4

6.7

Consumer Discretionary

6.0

9.8

Health Care

3.6

-

Energy

1.7

5.4

Real Estate

1.6

1.0

Information Technology

-

16.2

Consumer Staples

-

-

Utilities

-

-

Bonds & Preferreds

-

0.0

Communication Services

-

5.9

Cash and Cash Equivalents

6.8

3.2

Portfolio Overlap

Dividend Value

Small-Cap Total Return

Dividend Value

-

9%

Small-Cap Total Return

9%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 PremierSmall-CapSmall-Cap Total Return Small-CapDividend ValueSmall-Cap Opportunity

Least Portfolio Overlap - U.S. Equity Funds

 Smaller-Companies GrowthMicro-CapSmall-Cap Opportunity Micro-CapSmall-Cap Special EquityCapital Micro-Cap

Risk As of 03/31/24

 

Dividend Value

Small-Cap Total Return

Five-Year Up/Down Capture Ratio

↑ 107   ↓ 103

↑ 95   ↓ 81

Beta

N/A

N/A

Standard Deviation

20.18

20.14

Sharpe Ratio

0.35

0.26

Volatility

Performance As of 03/31/24

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 03/31/24

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
Dividend Value RDVIX 10.76 10.76 27.73 8.43 11.14 7.92 9.12 05/03/04 1.27 1.09
Russell 2500 Index - 6.92 6.92 21.43 2.97 9.90 8.84 - - - -
Russell 2000 Index - 5.18 5.18 19.71 -0.10 8.10 7.58 - - - -
Small-Cap Total Return RYTRX 4.33 4.33 26.53 6.44 10.17 7.81 10.33 12/15/93 1.26 1.26
Russell 2000 Value Index - 2.90 2.90 18.75 2.22 8.17 6.87 - - - -
Russell 2000 Index - 5.18 5.18 19.71 -0.10 8.10 7.58 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER APR YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Dividend Value RDVIX -5.13 5.08 21.39 4.83 8.93 7.44 8.79 05/03/04 1.27 1.09
Russell 2500 Index - -6.70 -0.24 14.79 -0.69 7.64 8.34 - - - -
Russell 2000 Index - -7.04 -2.22 13.32 -3.18 5.83 7.22 - - - -
Small-Cap Total Return RYTRX -7.39 -3.38 18.78 2.06 7.55 7.15 10.03 12/15/93 1.26 1.26
Russell 2000 Value Index - -6.37 -3.66 14.03 -0.67 5.96 6.45 - - - -
Russell 2000 Index - -7.04 -2.22 13.32 -3.18 5.83 7.22 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER MAY QTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Dividend Value RDVIX 5.41 0.00 27.73 5.85 11.10 8.05 9.05 05/03/04 1.27 1.09
Russell 2500 Index - 5.73 -1.35 21.78 1.67 9.59 9.08 - - - -
Russell 2000 Index - 6.26 -1.22 19.92 -0.64 7.87 8.10 - - - -
Small-Cap Total Return RYTRX 6.86 -1.04 28.49 3.86 9.78 7.94 10.25 12/15/93 1.26 1.26
Russell 2000 Value Index - 6.55 -0.24 21.75 0.66 8.01 7.33 - - - -
Russell 2000 Index - 6.26 -1.22 19.92 -0.64 7.87 8.10 - - - -

Important Disclosure Information for Open-End Funds and Annuity Portfolios

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