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

Smaller-Companies GrowthRemove

Small-CapRemove

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Style

Growth

Core

Market Cap

Small-Cap

Small-Cap

Volatility

High

Below Average

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • 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.
  • 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.

Inception Date
06/14/01
N/A

Portfolio Managers

Chip Skinner

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

Portfolio Diagnostics As of 03/31/25

 

Smaller-Companies Growth

Small-Cap

Total Net Assets

169.2M

1.62B

Holdings

74

272

Average Market Cap

2.25B

3.02B

Active Share

93%

86%
2024
Portfolio Turnover

73%

37%

Weighted Average P/E,

-

15.4x

Weighted Average P/B,

3.3x

1.9x

Weighted Average P/S

-

-

Composition As of 03/31/25

 

Smaller-Companies Growth

Small-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

Small-Cap

Information Technology

26.4

17.2

Health Care

21.5

8.5

Industrials

16.7

27.2

Financials

11.5

21.7

Consumer Discretionary

10.6

8.8

Consumer Staples

4.2

0.6

Energy

3.2

2.3

Materials

0.6

7.0

Communication Services

-

1.8

Real Estate

-

1.8

Utilities

-

-

Cash and Cash Equivalents

5.1

3.2

Portfolio Overlap

Smaller-Companies Growth

Small-Cap

Smaller-Companies Growth

-

10%

Small-Cap

10%

-

Greatest Portfolio Overlap - U.S. Equity Funds

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

Least Portfolio Overlap - U.S. Equity Funds

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

Risk As of 03/31/25

 

Smaller-Companies Growth

Small-Cap

Five-Year Up/Down Capture Ratio

↑   ↓

↑   ↓

Beta

N/A

N/A

Standard Deviation

25.40

21.40

Sharpe Ratio

0.05

0.07

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
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 - - - -
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 - - - -
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
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 - - - -
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 - - - -
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
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 - - - -
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 - - - -

Important Disclosure Information for Open-End Funds and Annuity Portfolios

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