Compare Funds | Royce
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At a Glance
As of 03/31/26

Smaller-Companies GrowthRemove

Micro-CapRemove

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Style

Growth

Core

Market Cap

Small-Cap

Micro-Cap

Volatility

High

High

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • Smaller-companies 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.
  • Average annual total return of 10.4% since inception (6/14/01) through 3/31/26.
  • One of the oldest open-end funds dedicated to investing in micro-cap stocks, which Royce defines as companies with market caps no higher than that of the largest company in the Russell Microcap® Index.
  • Core approach that combines multiple investment themes and offers wide exposure to micro-cap stocks by investing in companies with strong fundamentals and/or prospects selling at prices that Royce believes do not fully reflect these attributes.
  • Average annual total return of 10.8% since inception (12/31/91) through 3/31/26.

Inception Date
06/14/01
12/31/91

Portfolio Managers

Chip Skinner

Jim Stoeffel, Andrew Palen

Portfolio Diagnostics As of 03/31/26

 

Smaller-Companies Growth

Micro-Cap

Total Net Assets

179.5M

322.0M

Holdings

81

158

Average Market Cap

2.12B

762.1M

Active Share

93%

87%
2025
Portfolio Turnover

75%

38%

Weighted Average P/E,

-

-

Weighted Average P/B,

3.3x

1.9x

Weighted Average P/S

-

-

Composition As of 03/31/26

 

Smaller-Companies Growth

Micro-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

Smaller-Companies Growth

Micro-Cap

Health Care

22.1

11.7

Industrials

22.1

25.3

Information Technology

14.8

21.8

Consumer Discretionary

7.8

11.2

Financials

7.4

14.0

Energy

6.3

5.9

Consumer Staples

5.7

0.1

Materials

4.6

4.9

Communication Services

2.1

2.2

Real Estate

-

0.3

Utilities

1.0

-

Cash and Cash Equivalents

6.0

2.7

Portfolio Overlap

Smaller-Companies Growth

Micro-Cap

Smaller-Companies Growth

-

19%

Micro-Cap

19%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Capital Micro-CapMicro-CapSmall-Cap Opportunity Capital Micro-CapSmall-Cap OpportunitySmaller-Companies Growth

Least Portfolio Overlap - U.S. Equity Funds

 Capital Small-CapSmall-Cap ValueSmall-Cap Special Equity Small-Cap Special EquityCapital Small-CapPremier

Risk As of 03/31/26

 

Smaller-Companies Growth

Micro-Cap

Five-Year Up/Down Capture Ratio

↑ 112   ↓ 117

↑ 103   ↓ 74

Beta

N/A

N/A

Standard Deviation

20.05

21.80

Sharpe Ratio

0.51

0.64

Volatility

Performance As of 03/31/26

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 03/31/26

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
Smaller-Companies Growth RYVPX -5.01 -5.01 22.21 13.85 0.94 10.15 10.43 06/14/01 1.57 1.49
Russell 2000 Growth Index - -2.81 -2.81 23.58 12.27 1.62 9.79 - - - -
Russell 2000 Index - 0.89 0.89 25.72 13.05 3.77 9.88 - - - -
Micro-Cap RYOTX 9.23 9.23 45.42 17.76 7.62 11.53 10.83 12/31/91 1.26 1.24
Russell Microcap Index - 1.49 1.49 45.78 16.88 3.13 10.36 - - - -
Russell 2000 Index - 0.89 0.89 25.72 13.05 3.77 9.88 - - - -
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
Smaller-Companies Growth RYVPX 12.30 6.68 36.66 19.82 2.38 11.33 10.91 06/14/01 1.57 1.49
Russell 2000 Growth Index - 14.69 11.47 42.64 17.97 4.00 11.19 - - - -
Russell 2000 Index - 12.21 13.21 44.41 18.19 5.75 10.98 - - - -
Micro-Cap RYOTX 15.58 26.24 71.87 25.68 10.09 12.94 11.27 12/31/91 1.26 1.24
Russell Microcap Index - 12.39 14.06 64.61 22.59 5.51 11.30 - - - -
Russell 2000 Index - 12.21 13.21 44.41 18.19 5.75 10.98 - - - -
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
Smaller-Companies Growth RYVPX 1.20 13.65 37.72 20.16 2.62 11.47 10.97 06/14/01 1.57 1.49
Russell 2000 Growth Index - 0.76 15.56 42.79 18.15 4.15 11.28 - - - -
Russell 2000 Index - 0.46 12.73 44.22 18.36 5.84 11.03 - - - -
Micro-Cap RYOTX 0.86 16.57 72.79 26.00 10.28 13.04 11.29 12/31/91 1.26 1.24
Russell Microcap Index - 1.30 13.85 65.70 22.99 5.78 11.44 - - - -
Russell 2000 Index - 0.46 12.73 44.22 18.36 5.84 11.03 - - - -

Important Disclosure Information for Open-End Funds and Annuity Portfolios

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