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

Small-Cap Special EquityRemove

Capital Small-CapRemove

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Style

Value

Value

Market Cap

Small-Cap

Small-Cap

Volatility

Low

High

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 8.6% since inception (5/1/98) through 3/31/24.
  • Small-cap value fund that focuses on companies with above-average profitability and low leverage that are selling at attractive valuations due to what Royce believes are temporary factors. Small-cap stocks' market caps are less than the largest stock in the Russell 2000® Index.
  • Takes a contrarian value approach, looking for stocks with solid fundamentals in industries where pessimism runs high.
  • Outperformed its benchmark for the 1-, 3-, 5-, 20-, 25-year, and since inception (12/27/96) periods ended 3/31/24.

Inception Date
05/01/98
12/27/96

Portfolio Managers

Charlie Dreifus, Steven McBoyle, Tim Hipskind

Jay Kaplan

Portfolio Diagnostics As of 03/31/24

 

Small-Cap Special Equity

Capital Small-Cap

Total Net Assets

766.7M

311.9M

Holdings

35

84

Average Market Cap

1.63B

1.70B

Active Share

97%

93%
2023
Portfolio Turnover

14%

69%

Weighted Average P/E,

12.1x

10.5x

Weighted Average P/B,

1.8x

1.6x

Weighted Average P/S

-

-

Composition As of 03/31/24

 

Small-Cap Special Equity

Capital Small-Cap

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

Capital Small-Cap

Industrials

28.4

17.6

Consumer Discretionary

14.3

21.4

Consumer Staples

10.3

2.7

Materials

9.8

1.1

Information Technology

8.6

15.4

Financials

4.7

17.3

Communication Services

3.9

2.4

Real Estate

3.2

1.1

Energy

1.3

11.4

Health Care

-

6.4

Utilities

-

-

Cash and Cash Equivalents

15.6

3.2

Portfolio Overlap

Small-Cap Special Equity

Capital Small-Cap

Small-Cap Special Equity

-

9%

Capital Small-Cap

9%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Capital Small-CapSmall-Cap ValuePremier Small-Cap ValueSmall-CapSmall-Cap Opportunity

Least Portfolio Overlap - U.S. Equity Funds

 Smaller-Companies GrowthSmall-CapMicro-Cap Smaller-Companies GrowthPremierSmall-Cap Total Return

Risk As of 03/31/24

 

Small-Cap Special Equity

Capital Small-Cap

Five-Year Up/Down Capture Ratio

↑ 75   ↓ 64

↑ 99   ↓ 94

Beta

N/A

N/A

Standard Deviation

14.73

20.64

Sharpe Ratio

0.22

0.34

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
Small-Cap Special Equity RYSEX 2.17 2.17 11.49 5.32 8.25 6.27 8.62 05/01/98 1.22 1.22
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 - - - -
Capital Small-Cap RCPFX 3.75 3.75 26.57 8.12 9.01 5.93 9.89 12/27/96 1.15 1.15
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
Small-Cap Special Equity RYSEX -3.33 -1.23 11.09 3.13 6.94 6.27 8.45 05/01/98 1.22 1.22
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 - - - -
Capital Small-Cap RCPFX -6.43 -2.92 23.88 4.41 6.48 5.43 9.59 12/27/96 1.15 1.15
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
Small-Cap Special Equity RYSEX 3.86 0.40 13.60 4.21 8.76 6.66 8.59 05/01/98 1.22 1.22
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 - - - -
Capital Small-Cap RCPFX 4.40 -2.31 29.96 5.39 8.96 5.99 9.75 12/27/96 1.15 1.15
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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