Compare Funds | Royce
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At a Glance
As of 09/30/26

Micro-CapRemove

PremierRemove

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Style

Core

Core

Market Cap

Micro-Cap

Small-Cap

Volatility

High

Below Average

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • One of the oldest open-end funds dedicated to investing in micro-cap stocks. Micro-cap stocks' market caps are not greater than that of the largest stock 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.
  • Outperformed the Russell Microcap Index for the 1-, 3-, 5-, 10-, 20-, 25-year and since inception (6/30/00) periods ended 9/30/26.
  • 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 not greater than that of 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 10.9% since inception (12/31/91) through 9/30/26.

Inception Date
12/31/91
12/31/91

Portfolio Managers

Jim Stoeffel, Andrew Palen

Lauren Romeo, Steven McBoyle

Portfolio Diagnostics As of 09/30/26

 

Micro-Cap

Premier

Total Net Assets

392.4M

1.01B

Holdings

158

55

Average Market Cap

888.1M

6.86B

Active Share

89%

98%
2025
Portfolio Turnover

38%

20%

Weighted Average P/E,

-

25.6x

Weighted Average P/B,

2.1x

3.4x

Weighted Average P/S

-

-

Composition As of 09/30/26

 

Micro-Cap

Premier

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

Micro-Cap

Premier

Industrials

22.1

38.8

Information Technology

21.1

14.8

Health Care

15.3

1.0

Financials

12.4

14.4

Consumer Discretionary

12.2

8.9

Materials

4.5

10.6

Energy

3.6

-

Communication Services

2.7

-

Real Estate

1.0

4.7

Consumer Staples

-

3.0

Utilities

-

-

Cash and Cash Equivalents

5.1

3.7

Portfolio Overlap

Micro-Cap

Premier

Micro-Cap

-

4%

Premier

4%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Capital Micro-CapSmall-Cap OpportunitySmall-Cap Small-CapSMid-Cap Total ReturnSmall-Cap Total Return

Least Portfolio Overlap - U.S. Equity Funds

 Capital Small-CapSmall-Cap ValuePremier Capital Small-CapSmall-Cap ValueSmall-Cap Growth

Risk As of 09/30/26

 

Micro-Cap

Premier

Five-Year Up/Down Capture Ratio

↑ 107   ↓ 79

↑ 98   ↓ 99

Beta

N/A

N/A

Standard Deviation

22.99

18.88

Sharpe Ratio

0.89

0.38

Volatility

Performance As of 09/30/26

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 09/30/26

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
Micro-Cap RYOTX -7.28 34.84 37.31 24.98 11.41 12.89 11.33 12/31/91 1.26 1.24
Russell Microcap Index - -7.20 18.32 25.72 24.29 6.56 10.45 - - - -
Russell 2000 Index - -7.23 13.71 16.20 17.72 6.34 9.84 - - - -
Premier RYPRX -11.08 9.81 11.29 10.37 6.14 9.96 10.88 12/31/91 1.22 1.22
Russell 2000 Index - -7.23 13.71 16.20 17.72 6.34 9.84 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER SEP YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Micro-Cap RYOTX -0.40 34.84 37.31 24.98 11.41 12.89 11.33 12/31/91 1.26 1.24
Russell Microcap Index - -4.18 18.32 25.72 24.29 6.56 10.45 - - - -
Russell 2000 Index - -5.25 13.71 16.20 17.72 6.34 9.84 - - - -
Premier RYPRX -4.64 9.81 11.29 10.37 6.14 9.96 10.88 12/31/91 1.22 1.22
Russell 2000 Index - -5.25 13.71 16.20 17.72 6.34 9.84 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER OCT QTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Micro-Cap RYOTX -2.68 -2.68 29.96 25.56 10.21 12.89 11.23 12/31/91 1.26 1.24
Russell 2000 - N/A N/A N/A N/A N/A N/A - - - -
Russell Microcap - N/A N/A N/A N/A N/A N/A - - - -
Premier RYPRX 0.18 0.18 11.59 11.46 5.49 10.27 10.87 12/31/91 1.22 1.22
Russell 2000 - N/A N/A N/A N/A N/A N/A - - - -

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