Royce Capital Fund - Micro-Cap Portfolio
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.7%
1 yr return
21.3%
3 Yr Avg Return
1.3%
5 Yr Avg Return
10.7%
Net Assets
$137 M
Holdings in Top 10
16.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.16%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 25.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RCMCX - Profile
Distributions
- YTD Total Return 1.7%
- 3 Yr Annualized Total Return 1.3%
- 5 Yr Annualized Total Return 10.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.56%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
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Legal NameRoyce Capital Fund - Micro-Cap Portfolio
-
Fund Family NameROYCEFUNDS
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Inception DateNov 22, 1999
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrendan Hartman
Fund Description
Royce Investment Partners (“Royce”), the Fund’s investment adviser, invests the Fund’s assets primarily in equity securities of micro-cap companies. Micro-cap companies are those that have a market capitalization not greater than that of the largest company in the Russell Microcap® Index at the time of its most recent reconstitution. Royce uses multiple investment themes and offers wide exposure to micro-cap stocks by investing in companies with strong fundamentals and/ or prospects selling at prices that Royce believes do not fully reflect these attributes. Royce considers companies with strong balance sheets, attractive growth prospects, and/or the potential for improvement in cash flow levels and internal rates of return, among other factors.
The Fund invests at least 80% of its net assets in equity securities of micro-cap companies, under normal circumstances. 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.
RCMCX - Performance
Return Ranking - Trailing
Period | RCMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.7% | -5.1% | 23.8% | 68.11% |
1 Yr | 21.3% | -12.5% | 56.1% | 33.51% |
3 Yr | 1.3%* | -8.5% | 41.4% | 58.46% |
5 Yr | 10.7%* | -13.7% | 32.2% | 18.86% |
10 Yr | 5.9%* | -3.0% | 17.2% | 83.00% |
* Annualized
Return Ranking - Calendar
Period | RCMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 18.8% | -49.6% | 29.0% | 11.13% |
2022 | -47.7% | -59.3% | 118.2% | 99.10% |
2021 | 24.0% | -31.6% | 39.3% | 9.52% |
2020 | 22.2% | -51.0% | 39.5% | 3.57% |
2019 | 8.7% | -16.9% | 37.8% | 93.73% |
Total Return Ranking - Trailing
Period | RCMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.7% | -5.1% | 23.8% | 68.11% |
1 Yr | 21.3% | -12.5% | 56.1% | 33.51% |
3 Yr | 1.3%* | -8.5% | 41.4% | 58.46% |
5 Yr | 10.7%* | -13.7% | 32.2% | 18.86% |
10 Yr | 5.9%* | -3.0% | 17.2% | 83.00% |
* Annualized
Total Return Ranking - Calendar
Period | RCMCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 18.8% | -21.7% | 31.8% | 20.83% |
2022 | -22.4% | -45.2% | 123.7% | 94.05% |
2021 | 30.0% | 0.0% | 47.7% | 13.55% |
2020 | 23.8% | -50.5% | 46.9% | 4.70% |
2019 | 19.6% | -12.6% | 43.7% | 90.59% |
NAV & Total Return History
RCMCX - Holdings
Concentration Analysis
RCMCX | Category Low | Category High | RCMCX % Rank | |
---|---|---|---|---|
Net Assets | 137 M | 480 K | 118 B | 76.32% |
Number of Holdings | 127 | 2 | 2519 | 57.54% |
Net Assets in Top 10 | 23.2 M | 104 K | 9.83 B | 72.46% |
Weighting of Top 10 | 16.94% | -2849.0% | 100.5% | 51.06% |
Top 10 Holdings
- FIXED INC CLEARING CORP.REPO 4.95%
- Hovnanian Enterprises Inc 1.49%
- Photronics Inc 1.49%
- Modine Manufacturing Co 1.41%
- Applied Optoelectronics Inc 1.31%
- Customers Bancorp Inc 1.27%
- Universal Stainless Alloy Products Inc 1.26%
- Graham Corp 1.26%
- Natural Gas Services Group Inc 1.26%
- IES Holdings Inc 1.24%
Asset Allocation
Weighting | Return Low | Return High | RCMCX % Rank | |
---|---|---|---|---|
Stocks | 95.21% | -565235.00% | 107.11% | 89.82% |
Other | 4.95% | -598.74% | 82.28% | 2.98% |
Cash | 0.77% | 0.00% | 565934.00% | 75.44% |
Preferred Stocks | 0.00% | 0.00% | 7.53% | 73.68% |
Convertible Bonds | 0.00% | 0.00% | 3.17% | 72.93% |
Bonds | 0.00% | -2.00% | 74.53% | 73.86% |
Stock Sector Breakdown
Weighting | Return Low | Return High | RCMCX % Rank | |
---|---|---|---|---|
Industrials | 27.81% | 2.46% | 37.42% | 6.91% |
Technology | 23.10% | 0.00% | 54.70% | 6.21% |
Financial Services | 14.72% | 0.00% | 35.52% | 63.48% |
Consumer Cyclical | 11.47% | 0.99% | 47.79% | 47.52% |
Healthcare | 11.40% | 0.00% | 26.53% | 67.73% |
Communication Services | 4.19% | 0.00% | 14.85% | 15.25% |
Basic Materials | 3.49% | 0.00% | 18.66% | 80.14% |
Energy | 2.61% | 0.00% | 37.72% | 81.91% |
Consumer Defense | 0.70% | 0.00% | 18.87% | 98.23% |
Real Estate | 0.50% | 0.00% | 29.43% | 95.39% |
Utilities | 0.00% | 0.00% | 18.58% | 96.81% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | RCMCX % Rank | |
---|---|---|---|---|
US | 89.35% | -565235.00% | 107.11% | 95.09% |
Non US | 5.86% | 0.00% | 94.14% | 4.04% |
RCMCX - Expenses
Operational Fees
RCMCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.16% | 0.01% | 38.45% | 42.15% |
Management Fee | 1.00% | 0.00% | 1.50% | 95.25% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 16.73% |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
RCMCX 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
RCMCX 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.
RCMCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 25.00% | 1.00% | 314.00% | 23.61% |
RCMCX - Distributions
Dividend Yield Analysis
RCMCX | Category Low | Category High | RCMCX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 42.10% | 95.44% |
Dividend Distribution Analysis
RCMCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Annual | Annual |
Net Income Ratio Analysis
RCMCX | Category Low | Category High | RCMCX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.56% | -2.40% | 2.49% | 89.18% |
Capital Gain Distribution Analysis
RCMCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Quarterly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 15, 2022 | $3.722 | OrdinaryDividend |
Dec 12, 2019 | $0.954 | OrdinaryDividend |
Dec 14, 2017 | $0.077 | OrdinaryDividend |
Dec 15, 2016 | $0.071 | OrdinaryDividend |
Dec 12, 2013 | $0.064 | OrdinaryDividend |
Dec 15, 2011 | $0.287 | OrdinaryDividend |
Dec 16, 2010 | $0.201 | OrdinaryDividend |
RCMCX - Fund Manager Analysis
Managers
Brendan Hartman
Start Date
Tenure
Tenure Rank
May 01, 2013
9.09
9.1%
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).
James Stoeffel
Start Date
Tenure
Tenure Rank
May 01, 2015
7.09
7.1%
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).
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 49.61 | 7.05 | 2.58 |