ROFIX: Royce Opportunity Instl

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ROFIX Royce Opportunity Instl


Profile

ROFIX - Profile

Vitals

  • YTD Return -3.6%
  • 3 Yr Annualized Return -3.6%
  • 5 Yr Annualized Return -0.5%
  • Net Assets $785 M
  • Holdings in Top 10 9.7%

52 WEEK LOW AND HIGH

$12.34
$6.75
$13.12

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.12%

SALES FEES

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

BROKERAGE FEES

  • Turnover 47.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -3.6%
  • 3 Yr Annualized Total Return -3.6%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.39%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Royce Opportunity Fund
  • Fund Family Name
    Royce
  • Inception Date
    Dec 12, 2001
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    William Hench

Fund Description

The fund's investment adviser invests the fund's assets primarily in equity securities of small- and micro-cap companies in an attempt to take advantage of what it 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.


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Categories

Performance

ROFIX - Performance

Return Ranking - Trailing

Period ROFIX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.6% -43.5% 15.1% 5.57%
1 Yr 9.2% -39.8% 23.4% 1.74%
3 Yr -3.6%* -29.5% 5.9% 15.72%
5 Yr -0.5%* -25.3% 4.3% 18.18%
10 Yr 3.0%* -14.3% 8.9% 35.38%

* Annualized

Return Ranking - Calendar

Period ROFIX Return Category Return Low Category Return High Rank in Category (%)
2019 26.4% -21.7% 34.0% 7.11%
2018 -26.8% -48.1% 5.1% 66.31%
2017 5.8% -28.5% 26.3% 22.97%
2016 21.8% -2.4% 54.4% 46.02%
2015 -21.3% -36.0% 1.1% 86.98%

Total Return Ranking - Trailing

Period ROFIX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.6% -43.5% 15.1% 5.57%
1 Yr 9.2% -39.8% 23.4% 1.74%
3 Yr -3.6%* -22.4% 6.8% 39.30%
5 Yr -0.5%* -13.8% 6.6% 53.03%
10 Yr 3.0%* -6.7% 11.9% 73.11%

* Annualized

Total Return Ranking - Calendar

Period ROFIX Return Category Return Low Category Return High Rank in Category (%)
2019 26.4% -21.7% 34.0% 7.11%
2018 -26.8% -48.1% 5.1% 79.84%
2017 5.8% -28.5% 26.3% 63.03%
2016 21.8% -0.8% 54.4% 64.60%
2015 -21.3% -36.0% 3.0% 93.02%

NAV & Total Return History


Holdings

ROFIX - Holdings

Concentration Analysis

ROFIX Category Low Category High ROFIX % Rank
Net Assets 785 M 6.28 K 27.4 B 27.58%
Number of Holdings 256 1 1558 21.82%
Net Assets in Top 10 71.5 M 179 K 1.62 B 37.89%
Weighting of Top 10 9.72% 3.9% 100.0% 86.44%

Top 10 Holdings

  1. Ameresco Inc Class A 1.16%
  2. Alpha & Omega Semiconductor Ltd 1.03%
  3. Forterra Inc 1.03%
  4. Limelight Networks Inc 0.98%
  5. Air Lease Corp Class A 0.95%
  6. II-VI Inc 0.95%
  7. Owens & Minor Inc 0.94%
  8. Emergent BioSolutions Inc 0.90%
  9. R1 RCM Inc 0.90%
  10. MACOM Technology Solutions Holdings Inc 0.89%

Asset Allocation

Weighting Return Low Return High ROFIX % Rank
Stocks
95.75% 80.59% 104.79% 85.85%
Cash
4.25% -109.42% 19.38% 13.91%
Preferred Stocks
0.00% 0.00% 0.94% 34.53%
Other
0.00% -8.70% 40.31% 33.09%
Convertible Bonds
0.00% 0.00% 5.45% 27.82%
Bonds
0.00% 0.00% 58.87% 33.09%

Stock Sector Breakdown

Weighting Return Low Return High ROFIX % Rank
Industrials
25.63% 0.00% 43.19% 11.75%
Technology
20.86% 0.00% 35.54% 1.92%
Consumer Cyclical
14.35% 0.00% 46.81% 25.66%
Healthcare
13.95% 0.00% 25.30% 2.88%
Financial Services
8.80% 0.00% 37.80% 95.44%
Basic Materials
7.01% 0.00% 14.80% 18.47%
Energy
3.19% 0.00% 93.48% 60.91%
Communication Services
2.92% 0.00% 10.59% 19.66%
Consumer Defense
1.80% 0.00% 14.98% 86.33%
Real Estate
1.34% 0.00% 17.84% 88.01%
Utilities
0.15% 0.00% 10.28% 78.42%

Stock Geographic Breakdown

Weighting Return Low Return High ROFIX % Rank
US
92.22% 80.59% 104.77% 77.46%
Non US
3.53% 0.00% 13.19% 29.02%

Expenses

ROFIX - Expenses

Operational Fees

ROFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.06% 15.49% 63.59%
Management Fee 1.00% 0.05% 1.39% 89.90%
12b-1 Fee 0.00% 0.00% 1.00% 4.86%
Administrative Fee N/A 0.01% 0.47% 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% 5.00% 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 47.00% 5.00% 534.00% 37.93%

Distributions

ROFIX - Distributions

Dividend Yield Analysis

ROFIX Category Low Category High ROFIX % Rank
Dividend Yield 0.00% 0.00% 27.90% 30.22%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ROFIX Category Low Category High ROFIX % Rank
Net Income Ratio -0.39% -1.67% 2.73% 92.91%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

ROFIX - Fund Manager Analysis

Managers

William Hench


Start Date

Tenure

Tenure Rank

May 03, 2004

16.25

16.3%

William A. Hench is the The Royce Fund’s portfolio manager,. Mr. Hench became portfolio manager in 2013 and was previously the Fund’s assistant portfolio manager (2004-2013).

Robert Kosowsky


Start Date

Tenure

Tenure Rank

Oct 01, 2018

1.83

1.8%

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


Start Date

Tenure

Tenure Rank

Oct 15, 2018

1.79

1.8%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 35.61 7.1 0.58