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

Small-Cap ValueRemove

Small-CapRemove

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Style

Value

Core

Market Cap

Small-Cap

Small-Cap

Volatility

Above Average

Below Average

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • 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.
  • Average annual total return of 8.8% since inception (6/14/01) through 9/30/24.
  • One of the first open-end small-cap funds.
  • Multi-discipline approach that offers exposure to strategies that have tended to perform well in different market environments, including High Quality, Emerging Quality, Traditional Value, and Quality Value.
  • Outperformed its benchmark for the 3-, 5-, 10-, 20-, 25-, 30-, 35-, and 40-year periods ended 9/30/24.

Inception Date
06/14/01
N/A

Portfolio Managers

Jay Kaplan

Francis Gannon, Jay Kaplan, Steven McBoyle, Lauren Romeo, Miles Lewis, Andrew Palen

Portfolio Diagnostics As of 09/30/24

 

Small-Cap Value

Small-Cap

Total Net Assets

116.2M

1.97B

Holdings

86

286

Average Market Cap

1.88B

3.59B

Active Share

94%

88%
2023
Portfolio Turnover

48%

40%

Weighted Average P/E,

12.3x

17.6x

Weighted Average P/B,

1.6x

2.2x

Weighted Average P/S

-

-

Composition As of 09/30/24

 

Small-Cap Value

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 Value

Small-Cap

Consumer Discretionary

23.2

8.6

Financials

21.2

18.0

Industrials

19.1

27.1

Information Technology

15.0

18.8

Energy

9.3

1.8

Health Care

6.3

8.4

Consumer Staples

2.5

1.4

Communication Services

1.8

2.5

Real Estate

1.2

2.5

Utilities

-

-

Materials

-

7.2

Cash and Cash Equivalents

0.5

3.7

Portfolio Overlap

Small-Cap Value

Small-Cap

Small-Cap Value

-

13%

Small-Cap

13%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Capital Small-CapSmall-CapSmall-Cap Opportunity PremierSmall-Cap Total ReturnSmall-Cap Opportunity

Least Portfolio Overlap - U.S. Equity Funds

 Smaller-Companies GrowthPremierDividend Value Small-Cap Special EquitySmaller-Companies GrowthMicro-Cap

Risk As of 09/30/24

 

Small-Cap Value

Small-Cap

Five-Year Up/Down Capture Ratio

↑ 100   ↓ 102

↑ 103   ↓ 91

Beta

N/A

N/A

Standard Deviation

22.11

20.66

Sharpe Ratio

0.32

0.24

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 Value RYVFX 8.65 5.37 22.17 8.94 8.86 6.15 8.81 06/14/01 1.62 1.49
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 - - - -
Small-Cap PENNX 4.38 9.04 23.07 7.02 11.64 9.60 14.69 10/31/72 0.94 0.94
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 OCT YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Small-Cap Value RYVFX -2.69 2.54 23.00 6.81 7.97 5.51 8.65 06/14/01 1.62 1.49
Russell 2000 Value Index - -1.56 7.51 31.77 1.95 8.42 7.33 - - - -
Russell 2000 Index - -1.44 9.56 34.07 -0.05 8.50 7.94 - - - -
Small-Cap PENNX -2.80 5.99 27.38 4.48 10.48 8.79 14.33 10/31/72 0.94 0.94
Russell 2000 Index - -1.44 9.56 34.07 -0.05 8.50 7.94 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER NOV QTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Small-Cap Value RYVFX 7.99 5.09 23.87 7.64 9.36 6.27 8.99 06/14/01 1.62 1.49
Russell 2000 - N/A N/A N/A N/A N/A N/A - - - -
Russell 2000 Value - N/A N/A N/A N/A N/A N/A - - - -
Small-Cap PENNX 8.12 5.09 26.96 6.01 11.85 9.60 14.81 10/31/72 0.94 0.94
Russell 2000 - N/A N/A N/A N/A N/A N/A - - - -

Important Disclosure Information for Open-End Funds and Annuity Portfolios

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