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

PremierRemove

Dividend ValueRemove

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Style

Core

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 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 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 9.1% since inception (5/3/04) through 3/31/24.

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

Portfolio Managers

Andrew Palen, Lauren Romeo, Chuck Royce, Steven McBoyle

Chuck Royce

Portfolio Diagnostics As of 03/31/24

 

Premier

Dividend Value

Total Net Assets

1.50B

69.0M

Holdings

50

47

Average Market Cap

5.66B

8.27B

Active Share

97%

97%
2023
Portfolio Turnover

15%

14%

Weighted Average P/E,

25.9x

14.9x

Weighted Average P/B,

3.0x

3.0x

Weighted Average P/S

-

-

Composition As of 03/31/24

 

Premier

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

Premier

Dividend Value

Industrials

34.8

31.8

Information Technology

11.7

-

Materials

10.9

14.4

Consumer Discretionary

10.7

6.0

Financials

10.3

34.1

Real Estate

7.1

1.6

Health Care

5.8

3.6

Consumer Staples

1.7

-

Communication Services

1.6

-

Energy

-

1.7

Utilities

-

-

Cash and Cash Equivalents

5.4

6.8

Portfolio Overlap

Premier

Dividend Value

Premier

-

16%

Dividend Value

16%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Small-CapDividend ValueSmall-Cap Total Return PremierSmall-CapSmall-Cap Total Return

Least Portfolio Overlap - U.S. Equity Funds

 Smaller-Companies GrowthMicro-CapSmall-Cap Value Smaller-Companies GrowthMicro-CapSmall-Cap Opportunity

Risk As of 03/31/24

 

Premier

Dividend Value

Five-Year Up/Down Capture Ratio

↑ 99   ↓ 85

↑ 107   ↓ 103

Beta

N/A

N/A

Standard Deviation

19.71

20.18

Sharpe Ratio

0.19

0.35

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 - - - -
Dividend Value RDVIX 10.76 10.76 27.73 8.43 11.14 7.92 9.12 05/03/04 1.27 1.09
Russell 2500 Index - 6.92 6.92 21.43 2.97 9.90 8.84 - - - -
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 - - - -
Dividend Value RDVIX -5.13 5.08 21.39 4.83 8.93 7.44 8.79 05/03/04 1.27 1.09
Russell 2500 Index - -6.70 -0.24 14.79 -0.69 7.64 8.34 - - - -
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 - - - -
Dividend Value RDVIX 5.41 0.00 27.73 5.85 11.10 8.05 9.05 05/03/04 1.27 1.09
Russell 2500 Index - 5.73 -1.35 21.78 1.67 9.59 9.08 - - - -
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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