Compare Funds | Royce
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At a Glance
As of 09/30/25

Small-Cap Total ReturnRemove

Small-Cap ValueRemove

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Style

Value

Value

Market Cap

Small-Cap

Small-Cap

Volatility

Low

Average

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • Small-cap value fund that invests primarily in capital-returning stocks with solid fundamentals. Small-cap stocks' market caps are less than the largest stock in the Russell 2000® Index.
  • Focuses on quality companies that pay regular dividends and/or return capital to shareholders. Companies typically fall into one of three investment themes: Compounder, Quality Value, or Special Situations.
  • Average annual total return of 10.1% since inception (12/15/93) through 9/30/25.
  • 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 9/30/25.

Inception Date
12/15/93
06/14/01

Portfolio Managers

Joseph Hintz, Miles Lewis, Jag Sriram

Jay Kaplan

Portfolio Diagnostics As of 09/30/25

 

Small-Cap Total Return

Small-Cap Value

Total Net Assets

942.6M

101.4M

Holdings

60

81

Average Market Cap

2.58B

2.15B

Active Share

96%

94%
2024
Portfolio Turnover

51%

43%

Weighted Average P/E,

14.2x

11.9x

Weighted Average P/B,

1.8x

1.5x

Weighted Average P/S

-

-

Composition As of 09/30/25

 

Small-Cap Total Return

Small-Cap Value

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 Total Return

Small-Cap Value

Financials

35.7

24.6

Industrials

19.7

14.9

Consumer Discretionary

12.5

22.5

Information Technology

10.0

14.7

Materials

7.8

4.5

Energy

2.9

8.2

Consumer Staples

2.7

1.7

Health Care

1.5

7.7

Communication Services

0.2

-

Cash and Cash Equivalents

7.0

1.3

Portfolio Overlap

Small-Cap Total Return

Small-Cap Value

Small-Cap Total Return

-

6%

Small-Cap Value

6%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 SMid-Cap Total ReturnSmall-CapSmall-Cap Opportunity Capital Small-CapSmall-CapSmall-Cap Total Return

Least Portfolio Overlap - U.S. Equity Funds

 Micro-CapSmall-Cap ValuePremier Smaller-Companies GrowthSMid-Cap Total ReturnCapital Micro-Cap

Risk As of 09/30/25

 

Small-Cap Total Return

Small-Cap Value

Five-Year Up/Down Capture Ratio

↑ 83   ↓ 69

↑ 102   ↓ 99

Beta

N/A

N/A

Standard Deviation

19.89

21.55

Sharpe Ratio

0.58

0.57

Volatility

Performance As of 09/30/25

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 09/30/25

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 Total Return RYTRX 4.86 1.27 5.42 15.59 13.57 9.45 10.05 12/15/93 1.21 1.21
Russell 2000 Value Index - 12.60 9.04 7.88 13.56 14.59 9.23 - - - -
Russell 2000 Index - 12.39 10.39 10.76 15.21 11.56 9.77 - - - -
Small-Cap Value RVVHX 11.61 6.06 3.96 16.14 15.32 7.67 8.80 06/14/01 1.34 1.24
Russell 2000 Value Index - 12.60 9.04 7.88 13.56 14.59 9.23 - - - -
Russell 2000 Index - 12.39 10.39 10.76 15.21 11.56 9.77 - - - -
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
Small-Cap Total Return RYTRX -2.37 1.27 5.42 15.59 13.57 9.45 10.05 12/15/93 1.21 1.21
Russell 2000 Value Index - 2.01 9.04 7.88 13.56 14.59 9.23 - - - -
Russell 2000 Index - 3.11 10.39 10.76 15.21 11.56 9.77 - - - -
Small-Cap Value RVVHX -0.93 6.06 3.96 16.14 15.32 7.67 8.80 06/14/01 1.34 1.24
Russell 2000 Value Index - 2.01 9.04 7.88 13.56 14.59 9.23 - - - -
Russell 2000 Index - 3.11 10.39 10.76 15.21 11.56 9.77 - - - -
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
Small-Cap Total Return RYTRX -3.94 -3.94 0.11 10.17 11.99 8.33 9.88 12/15/93 1.21 1.21
Russell 2000 Value Index - 0.08 0.08 7.99 9.19 13.81 8.64 - - - -
Russell 2000 Index - 1.25 1.25 11.94 11.73 11.37 9.30 - - - -
Small-Cap Value RVVHX -3.47 -3.47 1.95 10.36 13.87 6.91 8.62 06/14/01 1.34 1.24
Russell 2000 Value Index - 0.08 0.08 7.99 9.19 13.81 8.64 - - - -
Russell 2000 Index - 1.25 1.25 11.94 11.73 11.37 9.30 - - - -

Important Disclosure Information for Open-End Funds and Annuity Portfolios

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