Compare Funds | Royce
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At a Glance
As of 03/31/25

Small-CapRemove

Smaller-Companies GrowthRemove

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Style

Core

Growth

Market Cap

Small-Cap

Small-Cap

Volatility

Below Average

High

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • 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 3/31/25.
  • 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.
  • Outperformed its benchmark for the 1-, 3-, 5-, 10-year, and since inception (6/14/01) periods ended 3/31/25.

Inception Date
N/A
06/14/01

Portfolio Managers

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

Chip Skinner

Portfolio Diagnostics As of 03/31/25

 

Small-Cap

Smaller-Companies Growth

Total Net Assets

1.62B

169.2M

Holdings

272

74

Average Market Cap

3.02B

2.25B

Active Share

86%

93%
2024
Portfolio Turnover

37%

73%

Weighted Average P/E,

15.4x

-

Weighted Average P/B,

1.9x

3.3x

Weighted Average P/S

-

-

Composition As of 03/31/25

 

Small-Cap

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

Small-Cap

Smaller-Companies Growth

Industrials

27.2

16.7

Financials

21.7

11.5

Information Technology

17.2

26.4

Consumer Discretionary

8.8

10.6

Health Care

8.5

21.5

Materials

7.0

0.6

Energy

2.3

3.2

Real Estate

1.8

-

Communication Services

1.8

-

Consumer Staples

0.6

4.2

Utilities

-

-

Cash and Cash Equivalents

3.2

5.1

Portfolio Overlap

Small-Cap

Smaller-Companies Growth

Small-Cap

-

10%

Smaller-Companies Growth

10%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 PremierSmall-Cap Total ReturnDividend Value Micro-CapCapital Micro-CapSmall-Cap

Least Portfolio Overlap - U.S. Equity Funds

 Small-Cap Special EquitySmaller-Companies GrowthCapital Micro-Cap Small-Cap ValueCapital Small-CapSmall-Cap Special Equity

Risk As of 03/31/25

 

Small-Cap

Smaller-Companies Growth

Five-Year Up/Down Capture Ratio

↑   ↓

↑   ↓

Beta

N/A

N/A

Standard Deviation

21.40

25.40

Sharpe Ratio

0.07

0.05

Volatility

Performance As of 03/31/25

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 03/31/25

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 PENNX -9.30 -9.30 -8.76 3.93 15.30 7.65 13.45 10/31/72 0.94 0.94
Russell 2000 Index - -9.48 -9.48 -4.01 0.52 13.27 6.30 - - - -
Smaller-Companies Growth RVPHX -7.22 -7.22 3.68 2.61 13.79 7.07 10.18 06/14/01 1.27 1.02
Russell 2000 Growth Index - -11.12 -11.12 -4.86 0.78 10.78 6.14 - - - -
Russell 2000 Index - -9.48 -9.48 -4.01 0.52 13.27 6.30 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER MAR YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Small-Cap PENNX -6.29 -9.30 -8.76 3.93 15.30 7.65 13.45 10/31/72 0.94 0.94
Russell 2000 Index - -6.81 -9.48 -4.01 0.52 13.27 6.30 - - - -
Smaller-Companies Growth RVPHX -6.62 -7.22 3.68 2.61 13.79 7.07 10.18 06/14/01 1.27 1.02
Russell 2000 Growth Index - -7.58 -11.12 -4.86 0.78 10.78 6.14 - - - -
Russell 2000 Index - -6.81 -9.48 -4.01 0.52 13.27 6.30 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER APR QTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Small-Cap PENNX -1.83 -1.83 -5.19 4.87 13.43 7.36 13.19 10/31/72 0.94 0.94
Russell 2000 Index - -2.65 -2.65 0.17 1.55 11.15 5.88 - - - -
Smaller-Companies Growth RVPHX 0.41 0.41 10.48 6.92 11.73 6.86 10.16 06/14/01 1.27 1.02
Russell 2000 Growth Index - -1.15 -1.15 2.04 2.88 8.47 5.82 - - - -
Russell 2000 Index - -2.65 -2.65 0.17 1.55 11.15 5.88 - - - -

Important Disclosure Information for Open-End Funds and Annuity Portfolios

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