Compare Funds | Royce
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At a Glance
As of 12/31/25

SMid-Cap Total ReturnRemove

Smaller-Companies GrowthRemove

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Style

Value

Growth

Market Cap

SMid-Cap

Small-Cap

Volatility

Below Average

High

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • SMid-Cap fund that invests primarily in capital-returning stocks with solid fundamentals. SMid-cap stocks' market caps are less than the largest stock in the Russell 2500® Index.
  • 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 9.0% since inception (5/3/04) through 12/31/25.
  • 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.
  • Outperformed its benchmark for the 1-, 3-, 5-, 10-year, and since inception (6/14/01) periods ended 12/31/25.

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

Portfolio Managers

Miles Lewis, Joseph Hintz, Jag Sriram

Chip Skinner

Portfolio Diagnostics As of 12/31/25

 

SMid-Cap Total Return

Smaller-Companies Growth

Total Net Assets

31.2M

194.4M

Holdings

45

79

Average Market Cap

5.19B

2.22B

Active Share

97%

93%
2024
Portfolio Turnover

62%

73%

Weighted Average P/E,

15.1x

-

Weighted Average P/B,

1.9x

3.8x

Weighted Average P/S

-

-

Composition As of 12/31/25

 

SMid-Cap Total Return

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

SMid-Cap Total Return

Smaller-Companies Growth

Financials

26.7

9.7

Industrials

23.0

17.0

Materials

15.9

5.1

Information Technology

11.7

21.3

Consumer Discretionary

9.2

7.0

Health Care

2.8

23.1

Energy

2.2

3.1

Consumer Staples

1.8

5.0

Communication Services

-

2.2

Real Estate

-

-

Utilities

-

0.9

Cash and Cash Equivalents

6.7

5.4

Portfolio Overlap

SMid-Cap Total Return

Smaller-Companies Growth

SMid-Cap Total Return

-

11%

Smaller-Companies Growth

11%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Small-Cap Total ReturnSmall-CapSmaller-Companies Growth Capital Micro-CapMicro-CapSmall-Cap

Least Portfolio Overlap - U.S. Equity Funds

 Small-Cap ValueMicro-CapCapital Small-Cap Small-Cap ValueCapital Small-CapPremier

Risk As of 12/31/25

 

SMid-Cap Total Return

Smaller-Companies Growth

Five-Year Up/Down Capture Ratio

↑ 112   ↓ 94

↑ 122   ↓ 114

Beta

N/A

N/A

Standard Deviation

16.18

20.66

Sharpe Ratio

0.67

0.74

Volatility

Performance As of 12/31/25

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 12/31/25

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
SMid-Cap Total Return RDVIX -0.15 4.17 4.17 15.48 9.94 10.09 8.96 05/03/04 1.24 1.09
Russell 2500 Index - 2.22 11.91 11.91 13.75 7.26 10.40 - - - -
Russell 2500 Value Index - 3.15 12.73 12.73 13.21 10.02 9.72 - - - -
Smaller-Companies Growth RVPHX 6.46 19.94 19.94 19.69 4.71 10.54 11.00 06/14/01 1.26 1.02
Russell 2000 Growth Index - 1.22 13.01 13.01 15.59 3.18 9.57 - - - -
Russell 2000 Index - 2.19 12.81 12.81 13.73 6.09 9.62 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER DEC YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
SMid-Cap Total Return RDVIX 0.92 4.17 4.17 15.48 9.94 10.09 8.96 05/03/04 1.24 1.09
Russell 2500 Index - 0.08 11.91 11.91 13.75 7.26 10.40 - - - -
Russell 2500 Value Index - 0.53 12.73 12.73 13.21 10.02 9.72 - - - -
Smaller-Companies Growth RVPHX 2.43 19.94 19.94 19.69 4.71 10.54 11.00 06/14/01 1.26 1.02
Russell 2000 Growth Index - -1.28 13.01 13.01 15.59 3.18 9.57 - - - -
Russell 2000 Index - -0.58 12.81 12.81 13.73 6.09 9.62 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER JAN QTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
SMid-Cap Total Return RDVIX 5.91 5.91 9.77 16.73 10.01 11.46 9.24 05/03/04 1.24 1.09
Russell 2500 Index - 5.47 5.47 17.37 14.87 7.43 11.81 - - - -
Russell 2500 Value Index - 5.23 5.23 18.41 14.17 10.13 11.02 - - - -
Smaller-Companies Growth RVPHX 5.80 5.80 25.61 21.47 4.68 12.27 11.25 06/14/01 1.26 1.02
Russell 2000 Growth Index - 6.04 6.04 18.50 17.12 3.21 11.24 - - - -
Russell 2000 Index - 5.75 5.75 18.81 15.12 6.06 11.14 - - - -

Important Disclosure Information for Open-End Funds and Annuity Portfolios

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