Compare Funds | Royce
This page not available on mobile browsers.

At a Glance
As of 09/30/25

SMid-Cap Total ReturnRemove

Small-Cap ValueRemove

Add Another Fund

Style

Value

Value

Market Cap

SMid-Cap

Small-Cap

Volatility

Below Average

Average

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • SMid-Cap fund that invests primarily in capital-returning stocks with solid fundamentals. SMid-cap stocks' market caps are less than the largest stock in the Russell 2500® Index.
  • 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 9.1% since inception (5/3/04) 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
05/03/04
06/14/01

Portfolio Managers

Miles Lewis, Joseph Hintz, Jag Sriram

Jay Kaplan

Portfolio Diagnostics As of 09/30/25

 

SMid-Cap Total Return

Small-Cap Value

Total Net Assets

44.7M

101.4M

Holdings

46

81

Average Market Cap

5.36B

2.15B

Active Share

97%

94%
2024
Portfolio Turnover

62%

43%

Weighted Average P/E,

15.0x

11.9x

Weighted Average P/B,

2.0x

1.5x

Weighted Average P/S

-

-

Composition As of 09/30/25

 

SMid-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

SMid-Cap Total Return

Small-Cap Value

Financials

26.6

24.6

Industrials

23.3

14.9

Materials

13.9

4.5

Information Technology

11.5

14.7

Consumer Discretionary

11.4

22.5

Health Care

3.3

7.7

Energy

2.7

8.2

Consumer Staples

1.6

1.7

Cash and Cash Equivalents

5.6

1.3

Portfolio Overlap

SMid-Cap Total Return

Small-Cap Value

SMid-Cap Total Return

-

3%

Small-Cap Value

3%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Small-Cap Total ReturnSmall-CapPremier Capital Small-CapSmall-CapSmall-Cap Total Return

Least Portfolio Overlap - U.S. Equity Funds

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

Risk As of 09/30/25

 

SMid-Cap Total Return

Small-Cap Value

Five-Year Up/Down Capture Ratio

↑ 106   ↓ 94

↑ 102   ↓ 99

Beta

N/A

N/A

Standard Deviation

17.77

21.55

Sharpe Ratio

0.89

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
SMid-Cap Total Return RDVIX 4.93 4.32 7.10 21.01 14.10 10.38 9.08 05/03/04 1.24 1.09
Russell 2500 Index - 9.00 9.48 10.16 15.65 12.09 10.52 - - - -
Russell 2500 Value Index - 8.17 9.29 9.00 15.39 14.96 9.68 - - - -
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
SMid-Cap Total Return RDVIX -2.69 4.32 7.10 21.01 14.10 10.38 9.08 05/03/04 1.24 1.09
Russell 2500 Index - 1.60 9.48 10.16 15.65 12.09 10.52 - - - -
Russell 2500 Value Index - 1.03 9.29 9.00 15.39 14.96 9.68 - - - -
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
SMid-Cap Total Return RDVIX -1.14 -1.14 3.36 19.97 12.53 9.79 9.00 05/03/04 1.24 1.09
Russell 2500 Index - 0.98 0.98 9.95 15.67 10.78 10.25 - - - -
Russell 2500 Value Index - 0.09 0.09 8.28 14.76 13.57 9.21 - - - -
Small-Cap Value RVVHX -2.34 -2.34 0.87 13.78 13.28 7.05 8.68 06/14/01 1.34 1.24
Russell 2000 Value Index - 1.59 1.59 9.36 13.21 13.29 8.93 - - - -
Russell 2000 Index - 2.45 2.45 12.50 15.72 10.47 9.67 - - - -

Important Disclosure Information for Open-End Funds and Annuity Portfolios

More Tools

Relative Risk Spectrum

Growth of Investment Tool

Share:

Subscribe:

Sign Up

Follow: