- Our Funds
- Prices & Performance
- Open-End Funds
- Royce 100 Fund
- Royce Discovery Fund
- Royce Dividend Value Fund
- Royce European Smaller-Companies Fund
- Royce Financial Services Fund
- Royce Global Select Fund
- Royce Global Value Fund
- Royce Heritage Fund
- Royce International Smaller-Companies Fund
- Royce Low-Priced Stock Fund
- Royce Micro-Cap Fund
- Royce Opportunity Fund
- Royce Pennsylvania Mutual Fund
- Royce Premier Fund
- Royce Select Fund I
- Royce Select Fund II
- Royce SMid-Cap Select Fund
- Royce SMid-Cap Value Fund
- Royce Special Equity Fund
- Royce Technology Value Fund
- Royce Total Return Fund
- Royce Value Fund
- Royce Value Plus Fund
- Closed-End Funds
- Annuity Portfolios
- Retirement Plans
- Education Plans
- Distributions & Capital Gains
- Fund Tools
- News & Commentary
- Invest With Us
- Forms & Literature
- About Royce
- My Account
Royce Dividend Value Fund (RYDVX)
Service Class
Open to New Investors
- NAV as of 10/10/2008 $4.10
- Daily NAV change
Download literature for Royce Dividend Value Fund
Management Team
Portfolio Managers
- Charles M. Royce
- 46 Years of Experience;
- 35 Years at Royce
- Jay S. Kaplan
- 19 Years of Experience;
- 7 Years at Royce
Top 10 Positions
| Share of Net Assets | |
|---|---|
| Kennedy-Wilson Conv. | 2.9% |
| Diebold | 2.0% |
| Tiffany & Co. | 1.9% |
| Peapack-Gladstone Financial | 1.9% |
| SEI Investments | 1.8% |
| U.S. Global Investors Cl. A | 1.7% |
| Apollo Investment | 1.7% |
| Lexington Realty Trust | 1.7% |
| Zenith National Insurance | 1.6% |
| Helmerich & Payne | 1.6% |
| Top 10 as % of Total | 18.8% |
Objective and Strategy
Royce Dividend Value Fund seeks long-term growth of capital and current income by investing primarily in a diversified portfolio of dividend-paying securities issued by mid-, small- and/ or micro-cap companies. We believe investors in the Fund should have a long-term investment horizon of at least three years.
Performance
Average Annual Total Returns
| 3Q* | YTD* | 1YR | 3YR | |
|---|---|---|---|---|
| RYDVX | -3.63% | -8.03% | -12.38% | 4.80% |
| Russell 2000 | -1.11% | -10.38% | -14.48% | 1.83% |
| Since Incept | |
|---|---|
| RYDVX | 6.80% |
| Russell 2000 | N/A |
Annual Operating Expenses
| Gross | Net | 2.19% | 1.64% |
|---|
Important Performance and Expense Information
All performance information reflects past performance, is presented on a total return basis and reflects the reinvestment of distributions. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, so that shares may be worth more or less than their original cost when redeemed. Shares redeemed within 180 days of purchase may be subject to a 1% redemption fee payable to the Fund. Current performance may be higher or lower than performance quoted.
Gross operating expenses reflect the Fund's gross total annual operating expenses for the Service class including management fees, 12b-1 distribution and service fees. Net operating expenses reflect contractual fee waivers and/or reimbursements. All expense information as of the Fund's most current prospectus. Royce and Associates has contractually agreed to waive fees and reimburse expenses, other than Acquired Fund fees and expenses, to the extent necessary to maintain the net annual operating expense ratio at or below 1.64% through December 31, 2008 and at or below 1.99% through December 31, 2017.
Fund Statistics
| Ticker Symbol | RYDVX |
|---|---|
| Fund Net Assets (All Classes) | $7 million |
| Number of Holdings | 99 |
| Minimum Investment | $2,000 |
| Cusip Number | 780905436 |
| Fund Number | 204 |
| Inception Date | 5/3/2004 |
| Benchmark Index | Russell 2000 |
Growth of Hypothetical $10,000
Invested 5/03/2004
This material is not authorized for distribution unless preceded or accompanied by a current prospectus. Please read the prospectus carefully before investing or sending money. The Fund invests primarily in small- and micro-cap stocks which may involve considerably more risk than investing in larger-cap stocks (see "Primary Risks for Fund Investors" in the prospectus). The Fund may invest up to 25% of its assets in foreign securities that may involve political, economic, currency and other risks not encountered in U.S. investments (see the prospectus supplement dated 9/7/07). The Russell 2000 is an unmanaged, capitalization-weighted index of domestic small-cap stocks. It measures the performance of the 2,000 smallest publicly traded U.S. companies in the Russell 3000 index. Distributor: Royce Fund Services, Inc.
© Royce & Associates, LLC, 1414 Avenue of the Americas, New York, NY
10019, (800) 221-4268. All rights reserved. Distributor of The Royce
Fund and Royce Capital Fund: Royce Fund Services, Inc., a wholly owned
subsidiary of Royce & Associates. View our Policies & Procedures, including, among others, our Sarbanes-Oxley Code of Ethics, Privacy Policy and Proxy Voting Guidelines and Procedures.