RYPNX: Royce Opportunity Invmt

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RYPNX Royce Opportunity Invmt

  • Fund
  • RYPNX
  • Price as of: Oct 18, 2019
  • $11.60 - $0.06 - 0.52%

RYPNX - Profile

Vitals

  • YTD Return 16.9%
  • 3 Yr Annualized Return -1.4%
  • 5 Yr Annualized Return -3.5%
  • Net Assets $893 M
  • Holdings in Top 10 9.9%

52 WEEK LOW AND HIGH

$11.60
$9.42
$13.26

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.20%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 47.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$1,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Small Value

Distributions

  • YTD Total Return 16.9%
  • 3 Yr Annualized Total Return -1.4%
  • 5 Yr Annualized Total Return -3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.30%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Royce Opportunity Fund
  • Fund Family Name Royce
  • Inception Date Nov 19, 1996
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager William A. Hench

Fund Description

The fund's investment adviser invests the fund's assets primarily in equity securities of small- and micro-cap companies with stock market capitalizations up to $3 billion in an attempt to take advantage of what the advisor believes are opportunistic situations for undervalued securities. Normally, the fund invests at least 65% of its net assets in equity securities. It may invest in other investment companies that invest in equity securities.

RYPNX - Performance

Return Ranking - Trailing

Period RYPNX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.9% -7.5% 22.5% 17.19%
1 Yr -10.4% -44.3% 3.1% 47.23%
3 Yr -1.4%* -16.3% 11.0% 54.94%
5 Yr -3.5%* -15.4% 10.2% 65.80%
10 Yr 2.5%* -6.9% 12.7% 62.00%

* Annualized


Return Ranking - Calendar

Period RYPNX Return Category Return Low Category Return High Rank in Category (%)
2018 -27.0% -48.1% 5.1% 69.19%
2017 5.7% -28.5% 16.6% 22.77%
2016 21.6% 3.0% 58.5% 49.39%
2015 -21.5% -36.0% 1.1% 88.75%
2014 -13.4% -35.0% 301.5% 87.71%

Total Return Ranking - Trailing

Period RYPNX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.9% -7.5% 22.5% 17.19%
1 Yr -10.4% -44.3% 16.2% 61.74%
3 Yr -1.4%* -16.3% 11.2% 80.81%
5 Yr -3.5%* -14.3% 10.9% 84.04%
10 Yr 2.5%* -6.9% 13.3% 83.50%

* Annualized


Total Return Ranking - Calendar

Period RYPNX Return Category Return Low Category Return High Rank in Category (%)
2018 -27.0% -48.1% 5.1% 80.27%
2017 5.7% -28.5% 18.0% 62.25%
2016 21.6% 3.0% 58.5% 66.97%
2015 -21.5% -36.0% 3.0% 93.89%
2014 -13.4% -35.0% 344.6% 93.52%

NAV & Total Return History

RYPNX - Holdings

Concentration Analysis

RYPNX Category Low Category High RYPNX % Rank
Net Assets 893 M 1.59 M 30 B 33.42%
Number of Holdings 257 23 1525 24.05%
Net Assets in Top 10 87.5 M 50.4 K 1.63 B 43.04%
Weighting of Top 10 9.91% 3.7% 253.5% 87.59%

Top 10 Holdings

  1. Alpha & Omega Semiconductor Ltd 1.15%

  2. MACOM Technology Solutions Holdings Inc 1.08%

  3. Northwest Pipe Co 1.02%

  4. Air Lease Corp Class A 1.02%

  5. Herc Holdings Inc 1.01%

  6. Beazer Homes USA Inc 0.97%

  7. Comtech Telecommunications Corp 0.96%

  8. Hilltop Holdings Inc 0.91%

  9. Generac Holdings Inc 0.90%

  10. Kraton Corp 0.90%


Asset Allocation

Weighting Return Low Return High RYPNX % Rank
Stocks
95.56% 81.17% 100.00% 85.57%
Cash
4.44% -3.69% 19.22% 13.67%
Preferred Stocks
0.00% 0.00% 2.25% 53.92%
Other
0.00% -2.68% 8.66% 52.91%
Convertible Bonds
0.00% 0.00% 2.98% 52.41%
Bonds
0.00% -7.90% 3.05% 53.16%

Stock Sector Breakdown

Weighting Return Low Return High RYPNX % Rank
Technology
25.20% 0.00% 29.66% 1.52%
Industrials
21.83% 0.44% 37.64% 11.14%
Consumer Cyclical
13.35% 0.38% 58.13% 49.62%
Basic Materials
9.81% 0.00% 27.50% 15.19%
Financial Services
9.37% 0.00% 42.23% 96.71%
Healthcare
9.19% 0.00% 18.07% 3.04%
Energy
3.94% 0.00% 18.56% 70.89%
Communication Services
1.05% 0.00% 3.82% 14.43%
Real Estate
0.85% 0.00% 17.84% 89.37%
Consumer Defense
0.56% 0.00% 11.58% 94.18%
Utilities
0.42% 0.00% 10.81% 72.41%

Stock Geographic Breakdown

Weighting Return Low Return High RYPNX % Rank
US
90.85% 81.17% 99.90% 79.49%
Non US
4.71% 0.00% 16.88% 26.58%

RYPNX - Expenses

Operational Fees

RYPNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.20% 0.00% 140.80% 57.59%
Management Fee 1.00% 0.00% 1.25% 93.42%
12b-1 Fee 0.00% 0.00% 1.00% 15.81%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

RYPNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RYPNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.50% 2.00% 75.36%

Turnover 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.

RYPNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 47.00% 4.08% 558.00% 41.03%

RYPNX - Distributions

Dividend Yield Analysis

RYPNX Category Low Category High RYPNX % Rank
Dividend Yield 0.00% 0.00% 4.51% 81.77%

Dividend Distribution Analysis

RYPNX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

RYPNX Category Low Category High RYPNX % Rank
Net Income Ratio -0.30% -1.64% 2.21% 87.17%

Capital Gain Distribution Analysis

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

RYPNX - Managers

William A. Hench

Manager

Start Date

Tenure

Tenure Rank

May 03, 2004

15.42

15.4%

Hench joined Royce in 2002 as an analyst. Previously, he was a vice president of institutional sales at JP Morgan Chase since 2000.


Robert Kosowsky

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2018

1.0

1.0%

Rob Kosowsky, CFA Portfolio Manager Employed by Royce since 2015 Assistant Portfolio Manager for: Royce Micro-Cap Portfolio Previously an Equity Analyst at Sidoti & Company (2002-2005 and 2009-April 2015) and a Research Analyst at OFI Institutional Asset Management (2008-2009).


Suzanne Franks

Manager

Start Date

Tenure

Tenure Rank

Oct 15, 2018

0.96

1.0%


Tenure Analysis

Category Low

0.0

Category High

34.78

Category Average

7.73

Category Mode

0.28