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Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Royce Small-Cap Opportunity Fund

ROFIX | Fund

$17.93

$1.27 B

0.08%

$0.02

1.12%

Vitals

YTD Return

15.5%

1 yr return

27.6%

3 Yr Avg Return

3.7%

5 Yr Avg Return

14.9%

Net Assets

$1.27 B

Holdings in Top 10

10.2%

52 WEEK LOW AND HIGH

$17.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 69.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Royce Small-Cap Opportunity Fund

ROFIX | Fund

$17.93

$1.27 B

0.08%

$0.02

1.12%

ROFIX - Profile

Distributions

  • YTD Total Return 15.5%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 14.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.18%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Royce Small-Cap Opportunity Fund
  • Fund Family Name
    Royce
  • Inception Date
    Jan 07, 2002
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Stoeffel

Fund Description

Royce Investment Partners (“Royce”), the Fund’s investment adviser, invests the Fund’s assets primarily in equity securities of small-cap companies in an attempt to take advantage of what it believes are opportunistic situations for undervalued securities. 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.

Such opportunistic situations may include turnarounds, emerging growth companies with interrupted earnings patterns, companies with unrecognized asset values, or undervalued growth companies. Although the Fund focuses on securities of U.S. companies, it may invest up to 10% of its net assets (measured at the time of investment) in securities of companies headquartered in foreign countries.

The Fund invests at least 80% of its net assets in securities of small-cap companies, under normal circumstances. The Fund may invest in other investment companies that invest primarily 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.

Read More

ROFIX - Performance

Return Ranking - Trailing

Period ROFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.5% -5.8% 32.5% 63.68%
1 Yr 27.6% 5.8% 47.2% 69.10%
3 Yr 3.7%* -11.3% 72.0% 85.99%
5 Yr 14.9%* -2.6% 53.6% 8.93%
10 Yr 10.5%* -2.6% 28.1% 6.25%

* Annualized

Return Ranking - Calendar

Period ROFIX Return Category Return Low Category Return High Rank in Category (%)
2023 14.2% -6.0% 33.6% 30.97%
2022 -21.0% -36.7% 212.9% 79.95%
2021 6.1% -62.0% 147.6% 88.28%
2020 26.7% -24.8% 31.3% 0.51%
2019 26.4% -21.7% 34.0% 9.07%

Total Return Ranking - Trailing

Period ROFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.5% -5.8% 32.5% 63.68%
1 Yr 27.6% 5.8% 47.2% 69.10%
3 Yr 3.7%* -11.3% 72.0% 85.99%
5 Yr 14.9%* -2.6% 53.6% 8.93%
10 Yr 10.5%* -2.6% 28.1% 6.25%

* Annualized

Total Return Ranking - Calendar

Period ROFIX Return Category Return Low Category Return High Rank in Category (%)
2023 19.7% 1.8% 35.4% 21.51%
2022 -16.9% -36.7% 250.0% 93.24%
2021 30.9% -3.0% 157.9% 53.12%
2020 26.7% -13.5% 33.4% 0.51%
2019 28.4% -1.5% 34.3% 10.67%

NAV & Total Return History

ROFIX - Holdings

Concentration Analysis

ROFIX Category Low Category High ROFIX % Rank
Net Assets 1.27 B 2.79 M 54 B 29.48%
Number of Holdings 226 10 1599 26.89%
Net Assets in Top 10 126 M 762 K 3.2 B 38.21%
Weighting of Top 10 10.21% 5.2% 92.2% 89.60%

Top 10 Holdings

  1. FIXED INC CLEARING CORP.REPO 2.93%
  2. Federated Government Obligations Fund 1.08%
  3. Digi International Inc 0.82%
  4. Select Water Solutions Inc 0.80%
  5. Chart Industries Inc 0.79%
  6. QuinStreet Inc 0.77%
  7. Champion Homes Inc 0.77%
  8. Artivion Inc 0.75%
  9. Northwest Pipe Co 0.75%
  10. AAR Corp 0.75%

Asset Allocation

Weighting Return Low Return High ROFIX % Rank
Stocks 		97.14% 7.22% 105.88% 77.36%
Other 		2.93% -1.83% 31.19% 4.72%
Cash 		1.08% 0.00% 39.68% 53.77%
Preferred Stocks 		0.00% 0.00% 1.05% 29.25%
Convertible Bonds 		0.00% 0.00% 2.63% 26.32%
Bonds 		0.00% 0.00% 79.66% 28.07%

Stock Sector Breakdown

Weighting Return Low Return High ROFIX % Rank
Industrials 		31.84% 0.65% 48.61% 3.38%
Technology 		18.11% 0.00% 34.03% 2.17%
Consumer Cyclical 		17.49% 0.00% 51.62% 12.56%
Basic Materials 		9.09% 0.00% 67.30% 10.14%
Healthcare 		5.39% 0.00% 25.76% 55.80%
Financial Services 		5.05% 0.00% 35.71% 97.58%
Energy 		4.93% 0.00% 29.42% 77.54%
Communication Services 		3.16% 0.00% 24.90% 32.61%
Real Estate 		2.62% 0.00% 44.41% 85.02%
Consumer Defense 		2.31% 0.00% 13.22% 82.61%
Utilities 		0.00% 0.00% 13.86% 85.27%

Stock Geographic Breakdown

Weighting Return Low Return High ROFIX % Rank
US 		94.78% 7.22% 105.88% 84.91%
Non US 		2.36% 0.00% 76.17% 15.09%

ROFIX - Expenses

Operational Fees

ROFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.05% 37.04% 55.42%
Management Fee 1.00% 0.00% 1.50% 90.07%
12b-1 Fee 0.00% 0.00% 1.00% 7.41%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

ROFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

ROFIX 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.

ROFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 69.00% 7.00% 252.00% 74.39%

ROFIX - Distributions

Dividend Yield Analysis

ROFIX Category Low Category High ROFIX % Rank
Dividend Yield 0.08% 0.00% 14.14% 26.65%

Dividend Distribution Analysis

ROFIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

ROFIX Category Low Category High ROFIX % Rank
Net Income Ratio -0.18% -1.43% 4.13% 83.82%

Capital Gain Distribution Analysis

ROFIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

ROFIX - Fund Manager Analysis

Managers

James Stoeffel

Start Date

Tenure

Tenure Rank

Apr 21, 2021

1.11

1.1%

James Stoeffel joined Royce in 2009 as a Portfolio Manager. Previously he was a Portfolio Manager for a long/short equity private investment vehicle which he co-founded with Messrs. Brown and Hartman (2008-2009), a Portfolio Manager and Investment Policy Committee member at CRM (2001-2008), Director of Research at Palisade Capital Management (1999-2001), Research Analyst and Vice President in Smith Barney's Emerging Growth Stock Research Group (1993-1999) and an Auditor for a number of companies in the financial services industry (1984-1992).

James Harvey

Start Date

Tenure

Tenure Rank

Apr 21, 2021

1.11

1.1%

Harvey, portfolio manager and assistant portfolio manager, has been employed by Royce since 1999 as an analyst.

Brendan Hartman

Start Date

Tenure

Tenure Rank

Apr 21, 2021

1.11

1.1%

Brendan Hartman joined Royce in 2009 as a Portfolio Manager. Previously he was a Portfolio Manager for a long/short equity private investment vehicle which he co-founded with Messrs. Brown and Stoeffel (2008-2009), a Portfolio Manager at CRM (2003-2008), an Analyst at CRM (2001-2003), a Senior Research Analyst at Donaldson, Lufkin & Jenrette (1997-2001) and a Research Analyst at Salomon Brothers (1996-1997).

Kavitha Venkatraman

Start Date

Tenure

Tenure Rank

Oct 04, 2021

0.65

0.7%

Worked most recently at Alpine Peaks Capital (2020-October 2021). Prior to that, Ms. Venkatraman worked as an equity analyst for the previous ten years at Pzena Investment Management, Steinberg Asset Management, and Blackrock.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 37.45 8.27 3.58

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