Compare the Royce Funds
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At a Glance
As of 09/30/18

Smaller-Companies GrowthRemove

Small-Cap ValueRemove

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Style

Growth

Value

Market Cap

Small-Cap

Small-Cap

Volatility

Above Average

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
  • Average annual total return of 12.1% since inception (6/14/01) through 9/30/18
  • Small-cap value fund (generally market caps up to $3 billion) 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
  • Pursues opportunities when expectations are low and focuses on industries where Royce sees the greatest number of compelling bargains
  • Outperformed its benchmark, the Russell 2000 Index, for the since inception (6/14/01) period ended 9/30/18

Inception Date

06/14/01
06/14/01

Portfolio Managers

Chip Skinner

Jay Kaplan

Portfolio Diagnostics As of 09/30/18

 

Smaller-Companies Growth

Small-Cap Value

Total Net Assets

370.3M

234.1M

Holdings

124

81

Average Market Cap

1.36B

1.23B

Active Share

94%

96%

2017
Portfolio Turnover

64%

61%

Weighted Average P/E,

-

14.9x

Weighted Average P/B

3.1x

2.0x

Weighted Average P/S

-

-

Composition As of 09/30/18

 

Smaller-Companies Growth

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

Smaller-Companies Growth

Small-Cap Value

Information Technology

29.1

25.0

Health Care

17.0

1.4

Industrials

15.4

22.4

Financials

12.2

24.6

Consumer Discretionary

10.9

10.5

Materials

4.0

-

Energy

2.9

1.7

Real Estate

2.1

1.5

Consumer Staples

1.8

2.0

Communication Services

1.2

1.5

Utilities

-

0.5

Cash and Cash Equivalents

3.5

8.9

Portfolio Overlap

Smaller-Companies Growth

Small-Cap Value

Smaller-Companies Growth

-

4%

Small-Cap Value

4%

-

Greatest Portfolio Overlap - U.S. Equity Funds

Capital Micro-CapMicro-CapLow-Priced Stock Capital Small-CapSmall-Cap LeadersTotal Return

Least Portfolio Overlap - U.S. Equity Funds

Special EquitySpecial Equity Multi-CapSmall-Cap Value Smaller-Companies GrowthMicro-Cap OpportunitySmall/Mid-Cap Premier

Risk As of 09/30/18

 

Smaller-Companies Growth

Small-Cap Value

Five-Year Up/Down Capture Ratio

99   102

50   40

Beta

N/A

N/A

Standard Deviation

13.65

14.05

Sharpe Ratio

1.05

0.74

Volatility

Performance As of 09/30/18

Cumulative Returns

Cumulative Performance since fund start date of to quarter-end 09/30/18

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 5.38 16.56 18.37 15.30 10.82 9.99 12.08 06/14/01 1.19 1.19
Russell 2000 Index - 3.58 11.51 15.24 17.12 11.07 11.11 - - - -
Small-Cap Value RVVHX 0.92 8.17 13.21 10.88 5.98 7.88 9.83 06/14/01 1.25 1.24
Russell 2000 Index - 3.58 11.51 15.24 17.12 11.07 11.11 - - - -
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
Smaller-Companies Growth RVPHX -11.70 2.93 2.79 9.71 7.77 11.58 11.22 06/14/01 1.19 1.19
Russell 2000 Index - -10.86 -0.60 1.85 10.68 8.01 12.44 - - - -
Small-Cap Value RVVHX -7.37 0.20 4.45 6.83 3.85 10.36 9.29 06/14/01 1.25 1.24
Russell 2000 Index - -10.86 -0.60 1.85 10.68 8.01 12.44 - - - -
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
Smaller-Companies Growth RVPHX -1.96 -13.42 2.95 9.01 6.88 12.83 11.07 06/14/01 1.19 1.19
Russell 2000 - N/A N/A N/A N/A N/A N/A - - - -
Small-Cap Value RVVHX 1.77 -5.73 6.30 8.51 3.61 12.19 9.38 06/14/01 1.25 1.24
Russell 2000 - 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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