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

Smaller-Companies GrowthRemove

Special EquityRemove

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Style

Growth

Value

Market Cap

Small-Cap

Small-Cap

Volatility

Above Average

Below 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 looks for conservatively managed companies with transparent accounting that have a viable niche or franchise whose stock can be bought below its economic value
  • Seeks companies with superior balance sheets, sustainable returns on invested capital, and strong levels of free cash flow from operations, among other attributes
  • Has a long-term history of low volatility and better risk-adjusted returns than its benchmark, the Russell 2000 Index

Inception Date

06/14/01
05/01/98

Portfolio Managers

Chip Skinner

Charlie Dreifus, Steven McBoyle

Portfolio Diagnostics As of 09/30/18

 

Smaller-Companies Growth

Special Equity

Total Net Assets

370.3M

1.40B

Holdings

124

37

Average Market Cap

1.36B

1.46B

Active Share

94%

99%

2017
Portfolio Turnover

64%

15%

Weighted Average P/E,

-

23.5x

Weighted Average P/B

3.1x

2.1x

Weighted Average P/S

-

-

Composition As of 09/30/18

 

Smaller-Companies Growth

Special Equity

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

Special Equity

Information Technology

29.1

15.3

Health Care

17.0

-

Industrials

15.4

20.7

Financials

12.2

-

Consumer Discretionary

10.9

23.1

Materials

4.0

0.6

Energy

2.9

0.9

Real Estate

2.1

3.0

Consumer Staples

1.8

8.0

Communication Services

1.2

9.8

Utilities

-

-

Cash and Cash Equivalents

3.5

18.6

Portfolio Overlap

Smaller-Companies Growth

Special Equity

Smaller-Companies Growth

-

3%

Special Equity

3%

-

Greatest Portfolio Overlap - U.S. Equity Funds

Capital Micro-CapMicro-CapLow-Priced Stock Small/Mid-Cap PremierSmall-Cap LeadersSmall-Cap Value

Least Portfolio Overlap - U.S. Equity Funds

Special EquitySpecial Equity Multi-CapSmall-Cap Value Smaller-Companies GrowthPennsylvania MutualMicro-Cap Opportunity

Risk As of 09/30/18

 

Smaller-Companies Growth

Special Equity

Five-Year Up/Down Capture Ratio

99   102

65   87

Beta

N/A

N/A

Standard Deviation

13.65

12.84

Sharpe Ratio

1.05

0.90

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 - - - -
Special Equity RYSEX 0.23 -0.09 4.50 12.30 6.06 9.44 9.09 05/01/98 1.17 1.17
Russell 2000 Index - 3.58 11.51 15.24 17.12 11.07 11.11 - - - -
Russell 2000 Value Index - 1.60 7.14 9.33 16.12 9.91 9.52 - - - -
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 - - - -
Special Equity RYSEX -4.36 -4.45 -0.94 8.80 4.58 10.39 8.81 05/01/98 1.17 1.17
Russell 2000 Index - -10.86 -0.60 1.85 10.68 8.01 12.44 - - - -
Russell 2000 Value Index - -8.95 -2.46 -0.59 10.52 7.18 10.95 - - - -
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 - - - -
Special Equity RYSEX 2.40 -2.07 1.00 10.68 5.09 11.82 8.92 05/01/98 1.17 1.17
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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