Compare Funds | Royce
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At a Glance
As of 12/31/24

Dividend ValueRemove

Small-Cap ValueRemove

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Style

Value

Value

Market Cap

Small/Mid-Cap

Small-Cap

Volatility

Below Average

Above Average

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • Small/mid-cap value fund (generally market caps up to $15 billion) that invests primarily in dividend-paying companies with strong business fundamentals and attractive prospects.
  • 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 12/31/24.
  • 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 12/31/24.

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

Portfolio Managers

Miles Lewis, Joseph Hintz, Jag Sriram

Jay Kaplan

Portfolio Diagnostics As of 12/31/24

 

Dividend Value

Small-Cap Value

Total Net Assets

70.3M

109.1M

Holdings

46

81

Average Market Cap

5.04B

1.91B

Active Share

97%

95%
2024
Portfolio Turnover

62%

43%

Weighted Average P/E,

13.9x

10.9x

Weighted Average P/B,

2.0x

1.6x

Weighted Average P/S

-

-

Composition As of 12/31/24

 

Dividend Value

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

Dividend Value

Small-Cap Value

Financials

29.5

20.8

Industrials

17.0

19.1

Consumer Discretionary

12.1

24.6

Information Technology

11.8

13.6

Materials

9.7

-

Energy

3.8

10.3

Health Care

2.4

6.4

Real Estate

0.5

0.8

Consumer Staples

-

1.9

Communication Services

-

1.7

Utilities

-

-

Cash and Cash Equivalents

13.1

0.9

Portfolio Overlap

Dividend Value

Small-Cap Value

Dividend Value

-

3%

Small-Cap Value

3%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Small-Cap Total ReturnSmall-CapSmall-Cap Special Equity Capital Small-CapSmall-CapSmall-Cap Total Return

Least Portfolio Overlap - U.S. Equity Funds

 Capital Small-CapMicro-CapSmall-Cap Value Smaller-Companies GrowthPremierDividend Value

Risk As of 12/31/24

 

Dividend Value

Small-Cap Value

Five-Year Up/Down Capture Ratio

↑ 105   ↓ 102

↑ 102   ↓ 103

Beta

N/A

N/A

Standard Deviation

20.80

22.89

Sharpe Ratio

0.28

0.17

Volatility

Performance As of 12/31/24

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 12/31/24

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
Dividend Value RYDVX 2.57 19.62 19.62 8.29 9.77 8.74 8.96 05/03/04 1.61 1.34
Russell 2500 Index - 0.62 12.00 12.00 2.39 8.77 8.85 - - - -
Russell 2000 Index - 0.33 11.54 11.54 1.24 7.40 7.82 - - - -
Small-Cap Value RVVHX -1.98 3.44 3.44 5.66 7.28 5.93 8.82 06/14/01 1.35 1.24
Russell 2000 Value Index - -1.06 8.05 8.05 1.94 7.29 7.14 - - - -
Russell 2000 Index - 0.33 11.54 11.54 1.24 7.40 7.82 - - - -
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
Dividend Value RYDVX -4.76 19.62 19.62 8.29 9.77 8.74 8.96 05/03/04 1.61 1.34
Russell 2500 Index - -7.54 12.00 12.00 2.39 8.77 8.85 - - - -
Russell 2000 Index - -8.26 11.54 11.54 1.24 7.40 7.82 - - - -
Small-Cap Value RVVHX -7.19 3.44 3.44 5.66 7.28 5.93 8.82 06/14/01 1.35 1.24
Russell 2000 Value Index - -8.33 8.05 8.05 1.94 7.29 7.14 - - - -
Russell 2000 Index - -8.26 11.54 11.54 1.24 7.40 7.82 - - - -
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
Dividend Value RYDVX 1.61 1.61 25.34 9.59 9.71 9.31 9.03 05/03/04 1.61 1.34
Russell 2500 Index - 3.11 3.11 20.68 4.62 8.97 9.39 - - - -
Russell 2000 Index - 2.08 2.08 20.60 3.21 7.44 8.29 - - - -
Small-Cap Value RVVHX 2.88 2.88 12.76 7.32 7.86 6.70 8.94 06/14/01 1.35 1.24
Russell 2000 Value Index - 1.71 1.71 17.09 2.40 7.60 7.61 - - - -
Russell 2000 Index - 2.08 2.08 20.60 3.21 7.44 8.29 - - - -

Important Disclosure Information for Open-End Funds and Annuity Portfolios

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