Compare Funds | Royce
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At a Glance
As of 06/30/25

SMid-Cap Total ReturnRemove

PremierRemove

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Style

Value

Core

Market Cap

SMid-Cap

Small-Cap

Volatility

Below Average

Low

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 8.9% since inception (5/3/04) through 6/30/25.
  • Small-cap core fund that seeks to invest in "premier" small-cap companies, those Royce sees having discernible competitive advantages, high returns on capital, and a sustainable franchise. Small-cap stocks' market caps are less than the largest stock in the Russell 2000® Index.
  • Focuses on leading quality companies, those with low debt, the ability to generate excess cash flow, and attractive prospects that are selling at prices Royce believes do not fully reflect these attributes.
  • Average annual total return of 10.8% since inception (12/31/91) through 6/30/25.

Inception Date
05/03/04
12/31/91

Portfolio Managers

Miles Lewis, Joseph Hintz, Jag Sriram

Steven McBoyle, Lauren Romeo, Andrew Palen

Portfolio Diagnostics As of 06/30/25

 

SMid-Cap Total Return

Premier

Total Net Assets

66.9M

1.05B

Holdings

46

52

Average Market Cap

5.05B

5.72B

Active Share

96%

97%
2024
Portfolio Turnover

62%

12%

Weighted Average P/E,

15.6x

26.3x

Weighted Average P/B,

2.0x

2.8x

Weighted Average P/S

-

-

Composition As of 06/30/25

 

SMid-Cap Total Return

Premier

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

Premier

Financials

28.8

12.7

Industrials

20.5

34.9

Information Technology

14.1

12.8

Materials

13.5

11.1

Consumer Discretionary

11.5

11.3

Energy

3.2

-

Health Care

2.5

6.8

Consumer Staples

1.2

2.1

Real Estate

-

7.0

Communication Services

-

-

Utilities

-

-

Cash and Cash Equivalents

4.7

1.4

Portfolio Overlap

SMid-Cap Total Return

Premier

SMid-Cap Total Return

-

10%

Premier

10%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Small-Cap Total ReturnSmall-CapPremier Small-CapSMid-Cap Total ReturnSmall-Cap Total Return

Least Portfolio Overlap - U.S. Equity Funds

 Micro-CapCapital Micro-CapSmall-Cap Value Micro-CapSmaller-Companies GrowthCapital Micro-Cap

Risk As of 06/30/25

 

SMid-Cap Total Return

Premier

Five-Year Up/Down Capture Ratio

↑ 107   ↓ 94

↑ 92   ↓ 89

Beta

N/A

N/A

Standard Deviation

19.56

21.09

Sharpe Ratio

0.67

0.31

Volatility

Performance As of 06/30/25

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 06/30/25

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 4.52 -0.58 11.93 17.23 13.70 8.66 8.94 05/03/04 1.24 1.09
Russell 2500 Index - 8.59 0.44 9.91 11.31 11.44 8.39 - - - -
Russell 2500 Value Index - 7.29 1.03 10.47 10.69 13.96 7.73 - - - -
Premier RYPRX 6.70 -0.55 1.34 9.49 9.67 8.36 10.80 12/31/91 1.19 1.19
Russell 2000 Index - 8.50 -1.79 7.68 10.00 10.04 7.12 - - - -
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
SMid-Cap Total Return RDVIX 1.70 1.12 3.44 14.09 13.27 9.13 8.99 05/03/04 1.24 1.09
Russell 2500 Index - 1.93 2.38 4.28 8.40 11.00 8.61 - - - -
Russell 2500 Value Index - 1.74 2.79 3.97 7.95 13.67 8.08 - - - -
Premier RYPRX 2.49 1.93 -3.43 7.12 9.25 8.73 10.85 12/31/91 1.19 1.19
Russell 2000 Index - 1.73 -0.08 -0.55 7.03 9.81 7.43 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER AUG QTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
SMid-Cap Total Return RDVIX 3.18 4.93 11.83 14.87 13.31 9.73 9.13 05/03/04 1.24 1.09
Russell 2500 Index - 1.76 3.73 9.70 7.96 10.56 9.25 - - - -
Russell 2500 Value Index - 1.97 3.74 9.72 7.70 13.28 8.62 - - - -
Premier RYPRX 1.98 4.52 4.85 7.18 9.16 9.48 10.90 12/31/91 1.19 1.19
Russell 2000 Index - 2.71 4.49 7.39 6.61 9.17 8.30 - - - -

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