Royce Smaller-Companies Growth Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.4%
1 yr return
13.6%
3 Yr Avg Return
-8.1%
5 Yr Avg Return
7.8%
Net Assets
$186 M
Holdings in Top 10
25.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.26%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 50.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$2,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RVPHX - Profile
Distributions
- YTD Total Return 1.4%
- 3 Yr Annualized Total Return -8.1%
- 5 Yr Annualized Total Return 7.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.91%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameRoyce Smaller-Companies Growth Fund
-
Fund Family NameRoyce
-
Inception DateMar 22, 2007
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames (Chip) Skinner
Fund Description
Royce Investment Partners (“Royce”), the Fund’s investment adviser, invests the Fund’s assets primarily in equity securities of companies with stock market capitalizations up to $7.5 billion that it believes have above-average growth prospects. Royce also considers the extent to which such companies are trading below its estimate of their current worth and/or have the potential for higher internal rates of return or improved profit margins.
The Fund invests at least 80% of its net assets in equity securities of companies with stock market capitalizations up to $7.5 billion, under normal circumstances. The Fund may continue to hold or, in some cases, build positions in companies with market capitalizations of more than $7.5 billion. 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.
RVPHX - Performance
Return Ranking - Trailing
Period | RVPHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.4% | -11.0% | 12.2% | 30.76% |
1 Yr | 13.6% | -7.4% | 45.9% | 21.65% |
3 Yr | -8.1%* | -25.3% | 56.7% | 69.91% |
5 Yr | 7.8%* | -4.7% | 43.7% | 29.17% |
10 Yr | 7.2%* | 0.9% | 24.0% | 66.41% |
* Annualized
Return Ranking - Calendar
Period | RVPHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.0% | -20.5% | 54.6% | 33.10% |
2022 | -34.9% | -82.1% | 32.2% | 71.96% |
2021 | -21.0% | -90.6% | 300.1% | 86.67% |
2020 | 34.7% | -63.0% | 127.9% | 33.02% |
2019 | 19.7% | -7.7% | 42.9% | 62.31% |
Total Return Ranking - Trailing
Period | RVPHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.4% | -11.0% | 12.2% | 30.76% |
1 Yr | 13.6% | -7.4% | 45.9% | 21.65% |
3 Yr | -8.1%* | -25.3% | 56.7% | 69.91% |
5 Yr | 7.8%* | -4.7% | 43.7% | 29.17% |
10 Yr | 7.2%* | 0.9% | 24.0% | 66.41% |
* Annualized
Total Return Ranking - Calendar
Period | RVPHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 21.6% | -19.0% | 136.8% | 13.20% |
2022 | -32.1% | -59.9% | 44.3% | 75.71% |
2021 | 8.1% | -22.7% | 411.9% | 56.22% |
2020 | 49.6% | 1.5% | 150.8% | 29.48% |
2019 | 23.9% | 5.5% | 55.3% | 82.12% |
NAV & Total Return History
RVPHX - Holdings
Concentration Analysis
RVPHX | Category Low | Category High | RVPHX % Rank | |
---|---|---|---|---|
Net Assets | 186 M | 207 K | 34.3 B | 74.61% |
Number of Holdings | 79 | 7 | 1180 | 67.13% |
Net Assets in Top 10 | 45.8 M | 57.4 K | 2.83 B | 75.30% |
Weighting of Top 10 | 25.30% | 7.1% | 100.1% | 40.77% |
Top 10 Holdings
- Alphatec Holdings Inc 3.10%
- VSE Corp 3.00%
- Distribution Solutions Group Inc 2.67%
- FTAI Aviation Ltd 2.67%
- JFrog Ltd 2.66%
- CyberArk Software Ltd 2.42%
- Sprout Social Inc 2.24%
- FIXED INC CLEARING CORP.REPO 2.22%
- TransMedics Group Inc 2.18%
- Freshpet Inc 2.16%
Asset Allocation
Weighting | Return Low | Return High | RVPHX % Rank | |
---|---|---|---|---|
Stocks | 97.94% | 77.88% | 108.99% | 54.09% |
Other | 2.22% | -0.22% | 5.89% | 7.30% |
Cash | 1.58% | 0.00% | 26.25% | 55.48% |
Preferred Stocks | 0.00% | 0.00% | 3.53% | 47.65% |
Convertible Bonds | 0.00% | 0.00% | 1.57% | 41.57% |
Bonds | 0.00% | 0.00% | 3.22% | 41.04% |
Stock Sector Breakdown
Weighting | Return Low | Return High | RVPHX % Rank | |
---|---|---|---|---|
Technology | 34.31% | 2.91% | 75.51% | 8.35% |
Healthcare | 26.53% | 0.00% | 47.90% | 17.04% |
Industrials | 15.95% | 0.00% | 36.64% | 63.13% |
Consumer Cyclical | 6.91% | 0.00% | 24.04% | 93.74% |
Financial Services | 5.78% | 0.00% | 42.95% | 61.74% |
Basic Materials | 3.88% | 0.00% | 9.24% | 25.39% |
Communication Services | 3.37% | 0.00% | 15.31% | 28.87% |
Consumer Defense | 2.75% | 0.00% | 13.56% | 72.87% |
Real Estate | 0.51% | 0.00% | 15.31% | 70.26% |
Utilities | 0.00% | 0.00% | 5.57% | 59.13% |
Energy | 0.00% | 0.00% | 55.49% | 83.83% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | RVPHX % Rank | |
---|---|---|---|---|
US | 92.08% | 30.27% | 102.09% | 89.39% |
Non US | 5.86% | 0.00% | 61.74% | 5.39% |
RVPHX - Expenses
Operational Fees
RVPHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.26% | 0.05% | 23.20% | 46.17% |
Management Fee | 1.00% | 0.05% | 1.62% | 88.85% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 9.49% |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
RVPHX 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
RVPHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 1.00% | 2.00% | 81.13% |
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.
RVPHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 50.00% | 3.00% | 439.00% | 45.91% |
RVPHX - Distributions
Dividend Yield Analysis
RVPHX | Category Low | Category High | RVPHX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 7.14% | 50.61% |
Dividend Distribution Analysis
RVPHX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
RVPHX | Category Low | Category High | RVPHX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.91% | -2.47% | 1.10% | 66.84% |
Capital Gain Distribution Analysis
RVPHX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 15, 2022 | $0.249 | OrdinaryDividend |
Dec 12, 2019 | $0.285 | OrdinaryDividend |
Dec 05, 2013 | $0.004 | OrdinaryDividend |
Dec 08, 2011 | $0.155 | OrdinaryDividend |
Dec 09, 2010 | $0.079 | OrdinaryDividend |
Dec 07, 2007 | $0.205 | OrdinaryDividend |
RVPHX - Fund Manager Analysis
Managers
James (Chip) Skinner
Start Date
Tenure
Tenure Rank
Dec 31, 2003
18.43
18.4%
Skinner is a portfolio manager at Royce & Associates, LLC, his employer since 2002. Previously Vice President of Institutional Sales at JP Morgan Chase (since 2000). Prior to joining the firm, he co-founded and managed a small cap-focused hedge fund for Accrete Capital, LLC. From 1994 to 2000, he worked for Merrill Lynch/Mercury Asset Mgmt as managing director and senior portfolio manager. Skinner holds the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.44 | 9.01 | 5.25 |