Compare Funds | Royce
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At a Glance
As of 09/30/24

Small-Cap Special EquityRemove

Dividend ValueRemove

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Style

Value

Value

Market Cap

Small-Cap

Small/Mid-Cap

Volatility

Low

Below Average

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • Small-cap value fund that looks for conservatively managed companies with transparent accounting that have a viable niche or franchise whose stock can be bought below its economic value. Small-cap stocks' market caps are less than the largest stock in the Russell 2000® Index.
  • Seeks companies with superior balance sheets, sustainable returns on invested capital, and strong levels of free cash flow from operations, among other attributes.
  • Average annual total return of 8.5% since inception (5/1/98) through 9/30/24.
  • 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 9.2% since inception (5/3/04) through 9/30/24.

Inception Date
05/01/98
05/03/04

Portfolio Managers

Charlie Dreifus, Steven McBoyle, Tim Hipskind

Miles Lewis, Joseph Hintz, Jag Sriram

Portfolio Diagnostics As of 09/30/24

 

Small-Cap Special Equity

Dividend Value

Total Net Assets

711.1M

71.0M

Holdings

32

47

Average Market Cap

1.44B

8.84B

Active Share

98%

97%
2023
Portfolio Turnover

14%

14%

Weighted Average P/E,

13.6x

21.6x

Weighted Average P/B,

1.7x

3.0x

Weighted Average P/S

-

-

Composition As of 09/30/24

 

Small-Cap Special Equity

Dividend Value

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

Small-Cap Special Equity

Dividend Value

Industrials

22.0

30.7

Consumer Discretionary

13.8

5.4

Materials

9.6

14.6

Consumer Staples

8.6

-

Information Technology

8.0

0.5

Financials

5.1

35.7

Communication Services

4.2

-

Real Estate

3.6

1.6

Energy

0.8

1.6

Health Care

-

4.1

Utilities

-

-

Cash and Cash Equivalents

24.3

5.8

Portfolio Overlap

Small-Cap Special Equity

Dividend Value

Small-Cap Special Equity

-

6%

Dividend Value

6%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Small-CapDividend ValueSmall-Cap Total Return Small-CapPremierSmall-Cap Total Return

Least Portfolio Overlap - U.S. Equity Funds

 Micro-CapCapital Micro-CapSmaller-Companies Growth Micro-CapCapital Micro-CapCapital Small-Cap

Risk As of 09/30/24

 

Small-Cap Special Equity

Dividend Value

Five-Year Up/Down Capture Ratio

↑ 76   ↓ 66

↑ 105   ↓ 102

Beta

N/A

N/A

Standard Deviation

16.12

20.74

Sharpe Ratio

0.19

0.38

Volatility

Performance As of 09/30/24

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 09/30/24

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
Small-Cap Special Equity RYSEX 4.82 3.34 12.57 5.82 9.12 7.07 8.50 05/01/98 1.22 1.22
Russell 2000 Value Index - 10.15 9.22 25.88 3.77 9.29 8.22 - - - -
Russell 2000 Index - 9.27 11.17 26.76 1.84 9.39 8.78 - - - -
Dividend Value RDVIX 9.66 16.97 33.00 10.05 11.46 8.99 9.17 05/03/04 1.27 1.09
Russell 2500 Index - 8.75 11.30 26.17 3.47 10.43 9.50 - - - -
Russell 2000 Index - 9.27 11.17 26.76 1.84 9.39 8.78 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER NOV YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Small-Cap Special Equity RYSEX 7.23 8.80 18.22 5.80 9.04 6.83 8.65 05/01/98 1.22 1.22
Russell 2000 Value Index - 9.65 17.88 32.55 6.35 9.93 8.37 - - - -
Russell 2000 Index - 10.97 21.58 36.43 4.96 9.90 9.05 - - - -
Dividend Value RDVIX 7.29 26.04 37.24 11.96 11.73 9.52 9.49 05/03/04 1.27 1.09
Russell 2500 Index - 9.84 21.12 34.10 6.24 10.95 9.85 - - - -
Russell 2000 Index - 10.97 21.58 36.43 4.96 9.90 9.05 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER DEC QTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Small-Cap Special Equity RYSEX 0.75 6.07 17.20 5.53 9.40 6.98 8.68 05/01/98 1.22 1.22
Russell 2000 Value Index - 0.07 8.01 28.42 6.01 10.13 8.42 - - - -
Russell 2000 Index - -0.01 9.35 32.49 4.84 10.12 9.10 - - - -
Dividend Value RDVIX -0.13 7.60 34.65 11.43 11.86 9.57 9.48 05/03/04 1.27 1.09
Russell 2500 Index - -0.17 8.63 30.27 6.05 11.14 9.91 - - - -
Russell 2000 Index - -0.01 9.35 32.49 4.84 10.12 9.10 - - - -

Important Disclosure Information for Open-End Funds and Annuity Portfolios

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