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

PremierRemove

Smaller-Companies GrowthRemove

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Style

Core

Growth

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 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.
  • Outperformed its benchmark for the 3-, 5-, 10-, 15-, 20-, 25-, 30-year, and since inception (12/31/91) periods ended 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
12/31/91
06/14/01

Portfolio Managers

Andrew Palen, Lauren Romeo, Chuck Royce, Steven McBoyle

Chip Skinner

Portfolio Diagnostics As of 03/31/24

 

Premier

Smaller-Companies Growth

Total Net Assets

1.50B

190.7M

Holdings

50

84

Average Market Cap

5.66B

2.48B

Active Share

97%

93%
2023
Portfolio Turnover

15%

65%

Weighted Average P/E,

25.9x

-

Weighted Average P/B,

3.0x

3.8x

Weighted Average P/S

-

-

Composition As of 03/31/24

 

Premier

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

Premier

Smaller-Companies Growth

Industrials

34.8

22.2

Information Technology

11.7

30.4

Materials

10.9

3.3

Consumer Discretionary

10.7

8.4

Financials

10.3

8.2

Real Estate

7.1

1.7

Health Care

5.8

17.5

Consumer Staples

1.7

3.7

Communication Services

1.6

0.0

Energy

-

3.3

Utilities

-

-

Cash and Cash Equivalents

5.4

1.3

Portfolio Overlap

Premier

Smaller-Companies Growth

Premier

-

3%

Smaller-Companies Growth

3%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Small-CapDividend ValueSmall-Cap Total Return Micro-CapCapital Micro-CapSmall-Cap Total Return

Least Portfolio Overlap - U.S. Equity Funds

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

Risk As of 03/31/24

 

Premier

Smaller-Companies Growth

Five-Year Up/Down Capture Ratio

↑ 99   ↓ 85

↑ 116   ↓ 114

Beta

N/A

N/A

Standard Deviation

19.71

25.37

Sharpe Ratio

0.19

-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
Premier RYPRX 5.56 5.56 18.18 4.83 10.42 8.58 11.34 12/31/91 1.19 1.19
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
Premier RYPRX -7.81 -2.69 10.65 1.35 7.34 7.66 11.03 12/31/91 1.19 1.19
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
Premier RYPRX 6.60 -1.73 19.39 3.99 9.92 8.52 11.24 12/31/91 1.19 1.19
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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