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

Dividend ValueRemove

Smaller-Companies GrowthRemove

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Style

Value

Growth

Market Cap

Small/Mid-Cap

Small-Cap

Volatility

Below Average

High

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/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 3/31/24.

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

Portfolio Managers

Chuck Royce

Chip Skinner

Portfolio Diagnostics As of 03/31/24

 

Dividend Value

Smaller-Companies Growth

Total Net Assets

69.0M

190.7M

Holdings

47

84

Average Market Cap

8.27B

2.48B

Active Share

97%

93%
2023
Portfolio Turnover

14%

65%

Weighted Average P/E,

14.9x

-

Weighted Average P/B,

3.0x

3.8x

Weighted Average P/S

-

-

Composition As of 03/31/24

 

Dividend Value

Smaller-Companies Growth

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

Smaller-Companies Growth

Financials

34.1

8.2

Industrials

31.8

22.2

Materials

14.4

3.3

Consumer Discretionary

6.0

8.4

Health Care

3.6

17.5

Energy

1.7

3.3

Real Estate

1.6

1.7

Information Technology

-

30.4

Consumer Staples

-

3.7

Utilities

-

-

Communication Services

-

0.0

Cash and Cash Equivalents

6.8

1.3

Portfolio Overlap

Dividend Value

Smaller-Companies Growth

Dividend Value

-

3%

Smaller-Companies Growth

3%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 PremierSmall-CapSmall-Cap Total Return Micro-CapCapital Micro-CapSmall-Cap Total Return

Least Portfolio Overlap - U.S. Equity Funds

 Smaller-Companies GrowthMicro-CapSmall-Cap Opportunity Small-Cap Special EquitySmall-Cap ValueCapital Small-Cap

Risk As of 03/31/24

 

Dividend Value

Smaller-Companies Growth

Five-Year Up/Down Capture Ratio

↑ 107   ↓ 103

↑ 116   ↓ 114

Beta

N/A

N/A

Standard Deviation

20.18

25.37

Sharpe Ratio

0.35

-0.23

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 - - - -
Smaller-Companies Growth RVPHX 9.31 9.31 16.85 -5.83 8.49 7.24 10.47 06/14/01 1.27 1.24
Russell 2000 Growth Index - 7.58 7.58 20.35 -2.68 7.38 7.89 - - - -
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 - - - -
Smaller-Companies Growth RVPHX -5.77 3.00 14.33 -9.07 6.36 7.05 10.14 06/14/01 1.27 1.24
Russell 2000 Growth Index - -7.70 -0.70 12.39 -5.92 5.04 7.60 - - - -
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 - - - -
Smaller-Companies Growth RVPHX 5.25 -0.82 17.78 -5.27 7.85 8.02 10.37 06/14/01 1.27 1.24
Russell 2000 Growth Index - 5.97 -2.19 17.95 -2.10 7.05 8.47 - - - -
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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