Compare Funds | Royce
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At a Glance
As of 09/30/24

Capital Micro-CapRemove

Small-Cap Total ReturnRemove

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Style

Core

Value

Market Cap

Micro-Cap

Small-Cap

Volatility

High

Low

Status

Open to new investors
Invest With Us

Open to new investors
Invest With Us

Why invest?
  • One of the only variable annuity products dedicated to investing in micro-cap stocks, which Royce defines as companies with market caps no higher than the largest company in the Russell Microcap® Index.
  • Core approach that combines multiple investment themes and offers wide exposure to micro-cap stocks by investing in companies with strong fundamentals and/or prospects selling at prices that Royce believes do not fully reflect these attributes.
  • Average annual total return of 9.6% since inception (12/27/96) through 9/30/24.
  • Small-cap value fund that invests primarily in dividend-paying 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.
  • Outperformed its benchmark for the 3-, 5-, 10-, 15-, 20-, 25-, 30-year, and since inception (12/15/93) periods ended 9/30/24.

Inception Date
12/27/96
12/15/93

Portfolio Managers

Jim Stoeffel, Andrew Palen

Miles Lewis, Joseph Hintz, Jag Sriram

Portfolio Diagnostics As of 09/30/24

 

Capital Micro-Cap

Small-Cap Total Return

Total Net Assets

134.4M

1.00B

Holdings

127

61

Average Market Cap

619.7M

2.45B

Active Share

89%

97%
2023
Portfolio Turnover

24%

65%

Weighted Average P/E,

-

14.4x

Weighted Average P/B,

1.7x

1.8x

Weighted Average P/S

-

-

Composition As of 09/30/24

 

Capital Micro-Cap

Small-Cap Total Return

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

Capital Micro-Cap

Small-Cap Total Return

Industrials

25.9

17.4

Information Technology

23.8

15.5

Financials

12.8

36.4

Consumer Discretionary

12.5

8.4

Health Care

9.7

1.7

Communication Services

5.0

5.6

Energy

3.8

4.4

Materials

3.5

6.0

Consumer Staples

0.7

-

Real Estate

0.5

1.2

Bonds & Preferreds

-

0.0

Utilities

-

-

Cash and Cash Equivalents

1.6

3.3

Portfolio Overlap

Capital Micro-Cap

Small-Cap Total Return

Capital Micro-Cap

-

4%

Small-Cap Total Return

4%

-

Greatest Portfolio Overlap - U.S. Equity Funds

 Micro-CapSmall-Cap OpportunitySmall-Cap Small-CapDividend ValueSmall-Cap Opportunity

Least Portfolio Overlap - U.S. Equity Funds

 PremierSmall-Cap Special EquitySmall-Cap Total Return Micro-CapCapital Micro-CapCapital Small-Cap

Risk As of 09/30/24

 

Capital Micro-Cap

Small-Cap Total Return

Five-Year Up/Down Capture Ratio

↑ 99   ↓ 81

↑ 89   ↓ 82

Beta

N/A

N/A

Standard Deviation

23.62

21.01

Sharpe Ratio

0.04

0.23

Volatility

Performance As of 09/30/24

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 09/30/24

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
Capital Micro-Cap RCMCX 5.19 8.29 21.69 2.08 12.13 7.32 9.62 12/27/96 1.18 1.18
Russell Microcap Index - 8.29 7.38 24.63 -3.74 8.45 7.29 - - - -
Russell 2000 Index - 9.27 11.17 26.76 1.84 9.39 8.78 - - - -
Small-Cap Total Return RYTRX 4.29 5.70 19.86 6.73 9.67 8.44 10.20 12/15/93 1.26 1.26
Russell 2000 Value Index - 10.15 9.22 25.88 3.77 9.29 8.22 - - - -
Russell 2000 Index - 9.27 11.17 26.76 1.84 9.39 8.78 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER OCT YTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Capital Micro-Cap RCMCX -2.82 5.23 27.81 -0.64 10.82 6.52 9.48 12/27/96 1.18 1.18
Russell Microcap Index - 0.68 8.11 35.24 -4.22 8.05 6.72 - - - -
Russell 2000 Index - -1.44 9.56 34.07 -0.05 8.50 7.94 - - - -
Small-Cap Total Return RYTRX -0.26 5.43 27.79 5.08 9.15 7.91 10.17 12/15/93 1.26 1.26
Russell 2000 Value Index - -1.56 7.51 31.77 1.95 8.42 7.33 - - - -
Russell 2000 Index - -1.44 9.56 34.07 -0.05 8.50 7.94 - - - -
Average Annual Total Returns (%) , Annual Operating
Expenses (%)
FUND NAME TICKER NOV QTD 1 YR 3 YR 5 YR 10 YR SINCE
INCEPT.		 DATE GROSS NET
Capital Micro-Cap RCMCX 12.23 9.06 32.40 1.69 13.09 7.89 9.91 12/27/96 1.18 1.18
Russell 2000 - N/A N/A N/A N/A N/A N/A - - - -
Russell Microcap - N/A N/A N/A N/A N/A N/A - - - -
Small-Cap Total Return RYTRX 9.78 9.50 29.26 7.16 11.07 8.86 10.48 12/15/93 1.26 1.26
Russell 2000 - N/A N/A N/A N/A N/A N/A - - - -
Russell 2000 Value - N/A N/A N/A N/A N/A N/A - - - -

Important Disclosure Information for Open-End Funds and Annuity Portfolios

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