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

PremierRemove

SMid-Cap Total ReturnRemove

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Style

Core

Value

Market Cap

Small-Cap

SMid-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.
  • Average annual total return of 10.8% since inception (12/31/91) through 6/30/25.
  • 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.

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

Portfolio Managers

Steven McBoyle, Lauren Romeo, Andrew Palen

Miles Lewis, Joseph Hintz, Jag Sriram

Portfolio Diagnostics As of 06/30/25

 

Premier

SMid-Cap Total Return

Total Net Assets

1.05B

66.9M

Holdings

52

46

Average Market Cap

5.72B

5.05B

Active Share

97%

96%
2024
Portfolio Turnover

12%

62%

Weighted Average P/E,

26.3x

15.6x

Weighted Average P/B,

2.8x

2.0x

Weighted Average P/S

-

-

Composition As of 06/30/25

 

Premier

SMid-Cap Total Return

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

SMid-Cap Total Return

Industrials

34.9

20.5

Information Technology

12.8

14.1

Financials

12.7

28.8

Consumer Discretionary

11.3

11.5

Materials

11.1

13.5

Real Estate

7.0

-

Health Care

6.8

2.5

Consumer Staples

2.1

1.2

Energy

-

3.2

Utilities

-

-

Communication Services

-

-

Cash and Cash Equivalents

1.4

4.7

Portfolio Overlap

Premier

SMid-Cap Total Return

Premier

-

10%

SMid-Cap Total Return

10%

-

Greatest Portfolio Overlap - U.S. Equity Funds

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

Least Portfolio Overlap - U.S. Equity Funds

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

Risk As of 06/30/25

 

Premier

SMid-Cap Total Return

Five-Year Up/Down Capture Ratio

↑ 92   ↓ 89

↑ 107   ↓ 94

Beta

N/A

N/A

Standard Deviation

21.09

19.56

Sharpe Ratio

0.31

0.67

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
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 - - - -
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 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER AUG YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Premier RYPRX 4.05 6.06 3.37 10.11 9.55 9.83 10.95 12/31/91 1.19 1.19
Russell 2000 Index - 7.14 7.06 8.17 10.28 10.13 8.88 - - - -
SMid-Cap Total Return RDVIX 6.02 7.20 11.42 18.29 13.81 10.20 9.25 05/03/04 1.24 1.09
Russell 2500 Index - 5.25 7.75 10.04 11.26 11.15 9.84 - - - -
Russell 2500 Value Index - 5.25 8.18 9.43 10.98 13.83 9.18 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER SEP QTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Premier RYPRX -0.17 6.46 7.43 9.10 10.33 9.97 10.94 12/31/91 1.19 1.19
Russell 2000 Index - 1.34 10.47 14.11 9.54 11.35 9.04 - - - -
SMid-Cap Total Return RDVIX -1.42 6.29 13.03 16.34 14.14 10.20 9.16 05/03/04 1.24 1.09
Russell 2500 Index - 1.29 8.67 15.21 10.22 12.29 10.00 - - - -
Russell 2500 Value Index - 1.02 8.17 14.31 9.92 14.68 9.40 - - - -

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