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

Smaller-Companies GrowthRemove

Special Equity Multi-CapRemove

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Style

Growth

Value

Market Cap

Small-Cap

Mid/Large-Cap

Volatility

Above Average

High

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
  • Employs a classic value approach with accounting skepticism to identify a limited number of fundamentally strong, attractively undervalued mid- and large-cap companies (generally market caps of $5 billion or higher)
  • Seeks conservatively managed companies with long histories of stable earnings, cash flows, and raising dividends consecutively over time—aka “Dividend Aristocrats”
  • Looks for high-quality companies that have a viable niche or franchise that can be bought below their economic value

Inception Date

06/14/01
12/31/10

Portfolio Managers

Chip Skinner

Steven McBoyle, Charlie Dreifus

Portfolio Diagnostics As of 09/30/18

 

Smaller-Companies Growth

Special Equity Multi-Cap

Total Net Assets

370.3M

66.7M

Holdings

124

19

Average Market Cap

1.36B

57.60B

Active Share

94%

92%

2017
Portfolio Turnover

64%

28%

Weighted Average P/E,

-

23.5x

Weighted Average P/B

3.1x

5.3x

Weighted Average P/S

-

-

Composition As of 09/30/18

 

Smaller-Companies Growth

Special Equity Multi-Cap

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 Multi-Cap

Information Technology

29.1

15.2

Health Care

17.0

-

Industrials

15.4

36.9

Financials

12.2

-

Consumer Discretionary

10.9

21.4

Materials

4.0

4.3

Energy

2.9

-

Real Estate

2.1

-

Consumer Staples

1.8

9.4

Communication Services

1.2

-

Utilities

-

-

Cash and Cash Equivalents

3.5

12.8

Portfolio Overlap

Smaller-Companies Growth

Special Equity Multi-Cap

Smaller-Companies Growth

-

3%

Special Equity Multi-Cap

3%

-

Greatest Portfolio Overlap - U.S. Equity Funds

Capital Micro-CapMicro-CapLow-Priced Stock Small/Mid-Cap PremierSpecial EquitySmall-Cap Leaders

Least Portfolio Overlap - U.S. Equity Funds

Special EquitySpecial Equity Multi-CapSmall-Cap Value Pennsylvania MutualMicro-CapDividend Value

Five-Year Up/Down Capture Ratio

99   102

66   199

Beta

N/A

N/A

Standard Deviation

13.65

11.86

Sharpe Ratio

1.05

0.87

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 Multi-Cap RSMCX 9.42 3.33 11.52 11.05 6.68 N/A 10.15 12/31/10 1.04 1.04
Russell 1000 Index - 7.42 10.49 17.76 17.07 13.67 12.09 - - - -
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 Multi-Cap RSMCX -8.30 -5.25 0.18 5.09 4.21 N/A 8.82 12/31/10 1.04 1.04
Russell 1000 Index - -7.08 2.67 6.98 11.31 11.05 13.42 - - - -
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 4.40 9.40 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 Multi-Cap RSMCX 2.30 -6.19 3.16 7.54 4.22 N/A 9.09 12/31/10 1.04 1.04
Russell 1000 - 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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