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

Small-Cap OpportunityRemove

Capital Small-CapRemove

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Style

Value

Value

Market Cap

Small-Cap

Small-Cap

Volatility

High

Above Average

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • Small-cap value fund that uses an opportunistic approach to invest in companies are categorized into themes: Turnarounds, Unrecognized Asset Values, Undervalued Growth, and Interrupted Earnings. Small-cap stocks' market caps are less than the largest stock in the Russell 2000® Index.
  • Identifies a catalyst for future earnings growth in the form of new management, more favorable business cycle, product innovation, and/or margin improvement.
  • Outperformed its benchmark for the 1-, 3-, 5-, 10-, 15-, 20-, 25-year, and since inception (11/19/96) periods ended 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 9.6% since inception (12/27/96) through 12/31/24.

Inception Date
11/19/96
12/27/96

Portfolio Managers

Jim Harvey, Kavitha Venkatraman, Jim Stoeffel, Brendan Hartman

Jay Kaplan

Portfolio Diagnostics As of 12/31/24

 

Small-Cap Opportunity

Capital Small-Cap

Total Net Assets

1.17B

273.0M

Holdings

226

82

Average Market Cap

1.32B

1.87B

Active Share

90%

95%
2024
Portfolio Turnover

35%

36%

Weighted Average P/E,

-

11.0x

Weighted Average P/B,

1.7x

1.6x

Weighted Average P/S

1.0x

-

Composition As of 12/31/24

 

Small-Cap Opportunity

Capital 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

Small-Cap Opportunity

Capital Small-Cap

Industrials

26.0

19.2

Information Technology

21.0

13.6

Consumer Discretionary

10.0

25.0

Energy

9.8

10.2

Health Care

9.7

6.5

Financials

8.8

21.2

Materials

5.3

-

Communication Services

5.2

2.0

Consumer Staples

1.2

1.9

Real Estate

0.4

1.0

Utilities

-

-

Cash and Cash Equivalents

2.5

-0.5

Portfolio Overlap

Small-Cap Opportunity

Capital Small-Cap

Small-Cap Opportunity

-

3%

Capital Small-Cap

3%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Capital Micro-CapMicro-CapSmall-Cap Small-Cap ValueSmall-CapSmall-Cap Total Return

Least Portfolio Overlap - U.S. Equity Funds

 Capital Small-CapSmall-Cap Special EquitySmall-Cap Value Smaller-Companies GrowthPremierDividend Value

Risk As of 12/31/24

 

Small-Cap Opportunity

Capital Small-Cap

Five-Year Up/Down Capture Ratio

↑ 123   ↓ 100

↑ 101   ↓ 102

Beta

N/A

N/A

Standard Deviation

25.72

22.87

Sharpe Ratio

0.08

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
Small-Cap Opportunity RYPNX 3.65 10.30 10.30 3.03 12.61 9.78 11.84 11/19/96 1.23 1.23
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 - - - -
Capital Small-Cap RCPFX -2.01 3.40 3.40 5.74 7.18 5.63 9.60 12/27/96 1.15 1.15
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
Small-Cap Opportunity RYPNX -5.63 10.30 10.30 3.03 12.61 9.78 11.84 11/19/96 1.23 1.23
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 - - - -
Capital Small-Cap RCPFX -7.15 3.40 3.40 5.74 7.18 5.63 9.60 12/27/96 1.15 1.15
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
Small-Cap Opportunity RYPNX 3.29 3.29 21.83 4.15 12.87 10.63 11.95 11/19/96 1.23 1.23
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 - - - -
Capital Small-Cap RCPFX 2.76 2.76 12.47 7.36 7.74 6.36 9.69 12/27/96 1.15 1.15
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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