Compare Funds | Royce
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At a Glance
As of 12/31/25

Small-Cap ValueRemove

SMid-Cap Total ReturnRemove

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Style

Value

Value

Market Cap

Small-Cap

SMid-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 8.5% since inception (6/14/01) through 12/31/25.
  • 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 9.0% since inception (5/3/04) through 12/31/25.

Inception Date
06/14/01
05/03/04

Portfolio Managers

Jay Kaplan

Miles Lewis, Joseph Hintz, Jag Sriram

Portfolio Diagnostics As of 12/31/25

 

Small-Cap Value

SMid-Cap Total Return

Total Net Assets

97.8M

31.2M

Holdings

79

45

Average Market Cap

1.99B

5.19B

Active Share

95%

97%
2025
Portfolio Turnover

51%

47%

Weighted Average P/E,

11.3x

15.1x

Weighted Average P/B,

1.5x

1.9x

Weighted Average P/S

-

-

Composition As of 12/31/25

 

Small-Cap Value

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

Small-Cap Value

SMid-Cap Total Return

Financials

28.3

26.7

Consumer Discretionary

22.4

9.2

Industrials

14.3

23.0

Information Technology

13.7

11.7

Health Care

11.1

2.8

Energy

6.7

2.2

Consumer Staples

1.7

1.8

Materials

1.4

15.9

Real Estate

-

-

Utilities

-

-

Communication Services

-

-

Cash and Cash Equivalents

0.3

6.7

Portfolio Overlap

Small-Cap Value

SMid-Cap Total Return

Small-Cap Value

-

2%

SMid-Cap Total Return

2%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Capital Small-CapSmall-CapSmall-Cap Opportunity Small-Cap Total ReturnSmall-CapSmaller-Companies Growth

Least Portfolio Overlap - U.S. Equity Funds

 Smaller-Companies GrowthSmall-Cap Special EquitySMid-Cap Total Return Small-Cap ValueMicro-CapCapital Small-Cap

Risk As of 12/31/25

 

Small-Cap Value

SMid-Cap Total Return

Five-Year Up/Down Capture Ratio

↑ 106   ↓ 100

↑ 112   ↓ 94

Beta

N/A

N/A

Standard Deviation

19.83

16.18

Sharpe Ratio

0.40

0.67

Volatility

Performance As of 12/31/25

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 12/31/25

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
Small-Cap Value RYVFX 0.83 6.68 6.68 11.57 9.88 7.68 8.54 06/14/01 1.60 1.49
Russell 2000 Value Index - 3.26 12.59 12.59 11.73 8.88 9.27 - - - -
Russell 2000 Index - 2.19 12.81 12.81 13.73 6.09 9.62 - - - -
SMid-Cap Total Return RDVIX -0.15 4.17 4.17 15.48 9.94 10.09 8.96 05/03/04 1.24 1.09
Russell 2500 Index - 2.22 11.91 11.91 13.75 7.26 10.40 - - - -
Russell 2500 Value Index - 3.15 12.73 12.73 13.21 10.02 9.72 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER DEC YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Small-Cap Value RYVFX 0.36 6.68 6.68 11.57 9.88 7.68 8.54 06/14/01 1.60 1.49
Russell 2000 Value Index - 0.18 12.59 12.59 11.73 8.88 9.27 - - - -
Russell 2000 Index - -0.58 12.81 12.81 13.73 6.09 9.62 - - - -
SMid-Cap Total Return RDVIX 0.92 4.17 4.17 15.48 9.94 10.09 8.96 05/03/04 1.24 1.09
Russell 2500 Index - 0.08 11.91 11.91 13.75 7.26 10.40 - - - -
Russell 2500 Value Index - 0.53 12.73 12.73 13.21 10.02 9.72 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER JAN QTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Small-Cap Value RYVFX 5.24 5.24 9.96 11.02 10.52 8.54 8.74 06/14/01 1.60 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 - - - -
SMid-Cap Total Return RDVIX 7.27 7.27 9.71 15.54 11.64 11.52 9.28 05/03/04 1.24 1.09
Russell 2500 Value - N/A N/A N/A N/A N/A N/A - - - -
Russell 2500 - 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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