Royce Premier Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.4%
1 yr return
11.6%
3 Yr Avg Return
1.7%
5 Yr Avg Return
7.6%
Net Assets
$1.45 B
Holdings in Top 10
30.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.11%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 20.00%
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 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RPFIX - Profile
Distributions
- YTD Total Return -1.4%
- 3 Yr Annualized Total Return 1.7%
- 5 Yr Annualized Total Return 7.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.11%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameRoyce Premier Fund
-
Fund Family NameRoyce
-
Inception DateNov 20, 2002
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerCharles Royce
Fund Description
Royce Investment Partners (“Royce”), the Fund’s investment adviser, invests the Fund’s assets in a limited number (generally less than 100) of equity securities of primarily small-cap companies at the time of investment. 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 looks for companies that it considers “premier”—those that it believes are trading below its estimate of their current worth that also have excellent business strengths, strong balance sheets and/or improved prospects for growth, the potential for improvement in cash flow levels and internal rates of return, and franchise durability.
The Fund invests at least 80% of its net assets in equity securities of such premier companies, under normal circumstances. At least 65% of these securities will be issued by small-cap companies at the time of investment. 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.
RPFIX - Performance
Return Ranking - Trailing
Period | RPFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.4% | -9.4% | 12.4% | 81.02% |
1 Yr | 11.6% | -5.5% | 48.2% | 43.66% |
3 Yr | 1.7%* | -25.6% | 57.5% | 5.41% |
5 Yr | 7.6%* | -4.7% | 43.8% | 30.90% |
10 Yr | 7.8%* | 0.8% | 24.1% | 57.07% |
* Annualized
Return Ranking - Calendar
Period | RPFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.6% | -20.5% | 54.6% | 47.89% |
2022 | -22.3% | -82.1% | 32.2% | 10.18% |
2021 | -4.6% | -90.6% | 300.1% | 40.72% |
2020 | 5.5% | -63.0% | 127.9% | 98.32% |
2019 | 10.9% | -7.7% | 42.9% | 90.19% |
Total Return Ranking - Trailing
Period | RPFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.4% | -9.4% | 12.4% | 81.02% |
1 Yr | 11.6% | -5.5% | 48.2% | 43.66% |
3 Yr | 1.7%* | -25.6% | 57.5% | 5.41% |
5 Yr | 7.6%* | -4.7% | 43.8% | 30.90% |
10 Yr | 7.8%* | 0.8% | 24.1% | 57.07% |
* Annualized
Total Return Ranking - Calendar
Period | RPFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 22.6% | -19.0% | 136.8% | 7.92% |
2022 | -15.4% | -59.9% | 44.3% | 4.11% |
2021 | 16.4% | -22.7% | 411.9% | 22.34% |
2020 | 11.5% | 1.5% | 150.8% | 98.13% |
2019 | 34.2% | 5.5% | 55.3% | 28.27% |
NAV & Total Return History
RPFIX - Holdings
Concentration Analysis
RPFIX | Category Low | Category High | RPFIX % Rank | |
---|---|---|---|---|
Net Assets | 1.45 B | 207 K | 34.3 B | 33.91% |
Number of Holdings | 51 | 7 | 1180 | 89.22% |
Net Assets in Top 10 | 438 M | 57.4 K | 2.83 B | 31.48% |
Weighting of Top 10 | 30.32% | 7.1% | 100.1% | 25.44% |
Top 10 Holdings
- FIXED INC CLEARING CORP.REPO 4.98%
- Lincoln Electric Holdings Inc 2.96%
- Kadant Inc 2.93%
- Innospec Inc 2.92%
- MKS Instruments Inc 2.91%
- Quaker Chemical Corp 2.78%
- Arcosa Inc 2.75%
- SEI Investments Co 2.71%
- Reliance Steel Aluminum Co 2.69%
- Morningstar Inc 2.68%
Asset Allocation
Weighting | Return Low | Return High | RPFIX % Rank | |
---|---|---|---|---|
Stocks | 95.01% | 77.88% | 108.99% | 90.26% |
Other | 4.98% | -0.22% | 5.89% | 1.22% |
Cash | 0.01% | 0.00% | 26.25% | 92.17% |
Preferred Stocks | 0.00% | 0.00% | 3.53% | 91.83% |
Convertible Bonds | 0.00% | 0.00% | 1.57% | 90.61% |
Bonds | 0.00% | 0.00% | 3.22% | 90.61% |
Stock Sector Breakdown
Weighting | Return Low | Return High | RPFIX % Rank | |
---|---|---|---|---|
Industrials | 33.27% | 0.00% | 36.64% | 1.74% |
Technology | 22.43% | 2.91% | 75.51% | 65.57% |
Financial Services | 12.66% | 0.00% | 42.95% | 18.78% |
Basic Materials | 9.24% | 0.00% | 9.24% | 0.70% |
Consumer Cyclical | 8.58% | 0.00% | 24.04% | 88.70% |
Healthcare | 4.44% | 0.00% | 47.90% | 98.43% |
Communication Services | 3.74% | 0.00% | 15.31% | 23.65% |
Real Estate | 3.41% | 0.00% | 15.31% | 28.87% |
Consumer Defense | 2.22% | 0.00% | 13.56% | 80.87% |
Utilities | 0.00% | 0.00% | 5.57% | 94.26% |
Energy | 0.00% | 0.00% | 55.49% | 98.09% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | RPFIX % Rank | |
---|---|---|---|---|
US | 90.50% | 30.27% | 102.09% | 92.70% |
Non US | 4.52% | 0.00% | 61.74% | 7.30% |
RPFIX - Expenses
Operational Fees
RPFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.11% | 0.05% | 23.20% | 60.98% |
Management Fee | 1.00% | 0.05% | 1.62% | 92.68% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 20.57% |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
RPFIX 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% | 5.00% | N/A |
Trading Fees
RPFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
RPFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 20.00% | 3.00% | 439.00% | 11.98% |
RPFIX - Distributions
Dividend Yield Analysis
RPFIX | Category Low | Category High | RPFIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.12% | 0.00% | 7.03% | 0.17% |
Dividend Distribution Analysis
RPFIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
RPFIX | Category Low | Category High | RPFIX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.11% | -2.47% | 1.10% | 10.05% |
Capital Gain Distribution Analysis
RPFIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 14, 2023 | $0.811 | OrdinaryDividend |
Dec 12, 2019 | $2.702 | OrdinaryDividend |
Dec 13, 2018 | $0.019 | OrdinaryDividend |
Dec 14, 2017 | $0.031 | OrdinaryDividend |
Dec 15, 2016 | $0.058 | OrdinaryDividend |
Dec 17, 2015 | $0.159 | OrdinaryDividend |
Dec 17, 2014 | $0.106 | OrdinaryDividend |
Dec 28, 2012 | $0.071 | ExtraDividend |
Dec 06, 2012 | $0.211 | OrdinaryDividend |
RPFIX - Fund Manager Analysis
Managers
Charles Royce
Start Date
Tenure
Tenure Rank
Dec 31, 1991
30.44
30.4%
Royce is the Royce & Associates, LLC's President, Co-Chief Investment Officer and Portfolio Manager. Founded Royce in 1972.
Lauren Romeo
Start Date
Tenure
Tenure Rank
May 01, 2006
16.09
16.1%
Lauren A. Romeo, CFA, is a Portfolio Manager, Principal for Royce Investment Partners. She manages portfolios in the firm’s Small-Cap Premier Quality and Multi-Discipline strategies. She serves as Portfolio Manager for Royce Premier Fund and Royce Pennsylvania Mutual Fund (both with Chuck Royce as Lead Portfolio Manager). She also manages a portfolio with Mark Rayner and Steven McBoyle in Royce’s Global Small-Cap Quality Premier strategy for Japanese investors, as well as two offshore funds that use a similar U.S. high-quality strategy. In addition, she and serves as an Assistant Portfolio Manager for Royce Value Trust, a closed-end fund. Ms. Romeo joined Royce Investment Partners in 2004. Previously, she was a Portfolio Manager at Dalton Greiner, Hartman & Maher (since 2001), an Analyst with Legg Mason Funds Management (2000-2001), and an Analyst with T. Rowe Price Group (1996-2000). Ms. Romeo holds a bachelor’s degree from the University of Notre Dame and a Master of Business Administration from the Wharton School of Business at the University of Pennsylvania. She is a Chartered Financial Analyst (CFA).
Steven McBoyle
Start Date
Tenure
Tenure Rank
Nov 10, 2014
7.56
7.6%
Steven G. McBoyle joined the firm in 2007. Previously, he was a Partner at Lord, Abbett & Co. LLC (2001-2007) where he was a Portfolio Manager of the Small Cap Value Fund and Small-Mid Value Fund. Prior to that he was Vice President of Mergers & Acquisitions at Morgan Stanley (2000-2001) and an Associate of Mergers & Acquisitions at Salomon Brothers (1997-2000). He began his career in public accounting within the Accounting & Audit Services Group of Deloitte & Touche (1990-1995). Mr. McBoyle holds a bachelor's degree from the School of Accountancy at the University of Waterloo, Canada and a Master of Business Administration from Columbia University. He is also a Chartered Accountant with a degree from the Institute of Chartered Accountants in Canada and a Certified Public Accountant.
Andrew Palen
Start Date
Tenure
Tenure Rank
Feb 07, 2022
0.31
0.3%
Andrew S. Palen Portfolio Manager Employed by Royce since 2015 Assistant Portfolio Manager for: Royce Pennsylvania Mutual Fund Previously a Senior Analyst at Armistice Capital (2013-2015), a Summer Associate at UBS Global Management (2012), and an Associate at Comvest Partners (2008-2011).
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.44 | 9.01 | 5.25 |