Royce Small-Cap Value R
Name
As of 04/26/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$115 M
Holdings in Top 10
20.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.03%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 53.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RVVRX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.54%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameRoyce Small-Cap Value Fund
-
Fund Family NameRoyce
-
Inception DateSep 14, 2007
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJay Kaplan
Fund Description
Royce Investment Partners (“Royce”), the Fund’s investment adviser, invests the Fund’s assets primarily in equity securities of small-cap companies that it believes are trading below its estimate of their current worth. Small-cap companies are those that have a market capitalization not greater than that of the largest company in the Russell 2000® Index at the time of its most recent reconstitution. Royce focuses on companies that it believes also possess financial strength, a strong business model, and the ability to generate and effectively allocate excess free cash flow.
The Fund invests at least 80% of its net assets in equity securities of small-cap companies, under normal circumstances. The Fund may continue to hold or, in some cases, build positions in companies with higher market capitalizations. Although the Fund generally focuses on securities of U.S. companies, it may invest up to 25% of its net assets (measured at the time of investment) in securities of companies headquartered in foreign countries. The Fund may invest in other investment companies that invest in equity securities. The Fund may sell securities to, among other things, secure gains, limit losses, redeploy assets into what Royce deems to be more promising opportunities, and/ or manage cash levels in the Fund’s portfolio.
RVVRX - Performance
Return Ranking - Trailing
| Period | RVVRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -9.4% | 22.1% | 99.14% |
| 1 Yr | N/A | -26.2% | 15.0% | 87.37% |
| 3 Yr | N/A* | -17.3% | 38.1% | 82.27% |
| 5 Yr | N/A* | -24.8% | 42.9% | 87.89% |
| 10 Yr | N/A* | -21.2% | 23.9% | 89.39% |
* Annualized
Return Ranking - Calendar
| Period | RVVRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -15.4% | -36.7% | 212.9% | 40.40% |
| 2022 | 20.2% | -38.4% | 60.6% | 50.91% |
| 2021 | -10.3% | -9.3% | 66.8% | 96.98% |
| 2020 | 14.5% | -5.9% | 7.6% | 77.86% |
| 2019 | -17.9% | -12.3% | -1.2% | 17.54% |
Total Return Ranking - Trailing
| Period | RVVRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -12.9% | 20.1% | 95.50% |
| 1 Yr | N/A | -26.2% | 10.9% | 87.58% |
| 3 Yr | N/A* | -17.3% | 38.5% | 82.23% |
| 5 Yr | N/A* | -19.4% | 42.9% | 91.24% |
| 10 Yr | N/A* | -10.1% | 23.9% | 94.86% |
* Annualized
Total Return Ranking - Calendar
| Period | RVVRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -10.5% | -36.7% | 212.9% | 63.58% |
| 2022 | 27.5% | -38.4% | 60.6% | 87.27% |
| 2021 | -7.0% | -7.6% | 66.8% | 96.51% |
| 2020 | 20.9% | -5.9% | 7.6% | 76.16% |
| 2019 | -7.6% | -12.3% | -1.2% | 3.26% |
NAV & Total Return History
RVVRX - Holdings
Concentration Analysis
| RVVRX | Category Low | Category High | RVVRX % Rank | |
|---|---|---|---|---|
| Net Assets | 115 M | 1.55 M | 47.3 B | 78.59% |
| Number of Holdings | 96 | 10 | 1551 | 56.18% |
| Net Assets in Top 10 | 25.3 M | 812 K | 2.82 B | 78.09% |
| Weighting of Top 10 | 20.46% | 4.8% | 95.7% | 46.27% |
Top 10 Holdings
- OneWater Marine Inc Class A 2.57%
- PulteGroup Inc 2.48%
- Insight Enterprises Inc 2.48%
- Sanmina Corp 2.47%
- PC Connection Inc 2.43%
- Shoe Carnival Inc 2.40%
- Rent-A-Center Inc 2.40%
- Kulicke & Soffa Industries Inc 2.33%
- Primoris Services Corp 2.33%
- Miller Industries Inc. 2.27%
Asset Allocation
| Weighting | Return Low | Return High | RVVRX % Rank | |
|---|---|---|---|---|
| Stocks | 96.70% | 14.38% | 100.16% | 71.80% |
| Cash | 3.30% | -52.43% | 47.85% | 28.42% |
| Preferred Stocks | 0.00% | 0.00% | 5.63% | 20.82% |
| Other | 0.00% | -0.88% | 5.25% | 23.64% |
| Convertible Bonds | 0.00% | 0.00% | 2.63% | 19.31% |
| Bonds | 0.00% | 0.00% | 51.67% | 20.39% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RVVRX % Rank | |
|---|---|---|---|---|
| Technology | 21.89% | 0.00% | 34.03% | 1.97% |
| Financial Services | 21.88% | 0.00% | 35.71% | 60.39% |
| Industrials | 19.51% | 0.65% | 48.61% | 33.26% |
| Consumer Cyclical | 17.10% | 0.00% | 51.62% | 15.75% |
| Healthcare | 8.53% | 0.00% | 25.76% | 19.47% |
| Energy | 4.67% | 0.00% | 29.42% | 77.90% |
| Consumer Defense | 2.37% | 0.00% | 13.22% | 76.37% |
| Communication Services | 2.14% | 0.00% | 24.90% | 57.99% |
| Real Estate | 1.01% | 0.00% | 44.41% | 90.15% |
| Basic Materials | 0.90% | 0.00% | 67.30% | 96.94% |
| Utilities | 0.00% | 0.00% | 13.86% | 85.56% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RVVRX % Rank | |
|---|---|---|---|---|
| US | 92.46% | 11.42% | 100.16% | 72.67% |
| Non US | 4.24% | 0.00% | 78.53% | 37.53% |
RVVRX - Expenses
Operational Fees
| RVVRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.03% | 0.05% | 37.36% | 14.19% |
| Management Fee | 1.00% | 0.00% | 1.50% | 88.84% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 70.22% |
| Administrative Fee | N/A | 0.01% | 0.35% | N/A |
Sales Fees
| RVVRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| RVVRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| RVVRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 53.00% | 7.00% | 252.00% | 50.49% |
RVVRX - Distributions
Dividend Yield Analysis
| RVVRX | Category Low | Category High | RVVRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 7.84% | 41.11% |
Dividend Distribution Analysis
| RVVRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| RVVRX | Category Low | Category High | RVVRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.54% | -1.43% | 4.13% | 92.34% |
Capital Gain Distribution Analysis
| RVVRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2019 | $0.252 | OrdinaryDividend |
| Dec 15, 2016 | $0.028 | OrdinaryDividend |
| Dec 17, 2015 | $0.020 | OrdinaryDividend |
| Dec 06, 2012 | $0.071 | OrdinaryDividend |
| Dec 09, 2010 | $0.004 | OrdinaryDividend |
| Dec 07, 2007 | $0.168 | OrdinaryDividend |
RVVRX - Fund Manager Analysis
Managers
Jay Kaplan
Start Date
Tenure
Tenure Rank
Dec 31, 2003
18.43
18.4%
Mr. Kaplan has been portfolio manager since 2011 and was previously assistant portfolio manager (2005-2011). His employer at Royce since 2000. Prior to joining the firm, he spent 12 years with Prudential Financial, most recently as a managing director and portfolio manager.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 37.45 | 8.2 | 3.58 |