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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Royce Small-Cap Fund

RYPCX | Fund

$8.14

$1.99 B

7.39%

$0.60

1.98%

Vitals

YTD Return

15.6%

1 yr return

32.7%

3 Yr Avg Return

14.8%

5 Yr Avg Return

7.0%

Net Assets

$1.99 B

Holdings in Top 10

16.1%

52 WEEK LOW AND HIGH

$8.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.98%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 60.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Royce Small-Cap Fund

RYPCX | Fund

$8.14

$1.99 B

7.39%

$0.60

1.98%

RYPCX - Profile

Distributions

  • YTD Total Return 15.6%
  • 3 Yr Annualized Total Return 14.8%
  • 5 Yr Annualized Total Return 7.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.86%
DIVIDENDS
  • Dividend Yield 7.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Royce Small-Cap Fund
  • Fund Family Name
    Royce
  • Inception Date
    Jun 25, 1997
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Charles Royce

Fund Description

p id="xdx_A85_eoef--StrategyNarrativeTextBlock_zVCVa5rrGr15" style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"span style="font-family: Times New Roman, Times, Serif; color: #231F20"Royce Investment Partners (“Royce”), the Fund’s investment adviser, invests the Fund’s assets primarily in equity securities of small-cap companies that it believes are trading below its estimate of their current worth. Small-cap companies are those that have a market capitalization not greater than that of the largest company in the Russell 2000sup®/sup Index at the time of its most recent reconstitution./span/p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"span style="font-family: Times New Roman, Times, Serif; color: #231F20"  /span/p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify; text-indent: 9pt; color: #231F20"span style="font-family: Times New Roman, Times, Serif"The Fund uses multiple investment disciplines in an effort to provide exposure to approaches that have historically performed well in different market environments. These disciplines include “High Quality,” which looks for companies that have high returns on invested capital and that Royce believes have significant competitive advantages; “Emerging Quality,” which seeks companies that are newer in their lifecycle but that Royce believes can become High Quality in the future; “Traditional Value,” which looks for companies trading at prices below Royce’s estimate of their current worth; and “Quality Value,” which seeks companies with attractive profit margins, strong free cash flows, and lower leverage that also trade at what Royce believes are attractive valuations. The Fund’s portfolio managers generally focus on one of these approaches in managing segments of the Fund’s assets. A Royce Co-Chief Investment Officer will monitor and, from time to time, adjust the Fund’s allocations across these segments of the portfolio./span/p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 11.5pt 0pt 0pt; text-align: justify; text-indent: 8.95pt; color: #231F20"span style="font-family: Times New Roman, Times, Serif" /span/p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify; text-indent: 9pt; color: #231F20"span style="font-family: Times New Roman, Times, Serif"span id="xdx_90E_eoef--StrategyPortfolioConcentration_c20260501__20260501__dei--LegalEntityAxis__custom--S000009507Member__dei--DocumentInformationDocumentAxis__custom--RoyceSmallCapFundAClassMember_z2M6iThQZsc7"The Fund invests at least 80% of its net assets in equity securities of small-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 equity securities of companies headquartered in foreign countries. The Fund may invest in other investment companies that invest primarily 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./span/span/p
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RYPCX - Performance

Return Ranking - Trailing

Period RYPCX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.6% -3.4% 36.4% 40.08%
1 Yr 32.7% -2.2% 70.4% 46.83%
3 Yr 14.8%* 0.0% 27.0% 60.74%
5 Yr 7.0%* -5.7% 28.4% 39.50%
10 Yr 10.7%* 2.2% 15.5% 40.50%

* Annualized

Return Ranking - Calendar

Period RYPCX Return Category Return Low Category Return High Rank in Category (%)
2025 1.9% -59.8% 21.0% 48.16%
2024 -2.0% -45.8% 22.7% 82.45%
2023 19.9% -19.9% 29.0% 7.19%
2022 -21.9% -59.3% 118.2% 65.91%
2021 -6.7% -27.4% 39.3% 93.51%

Total Return Ranking - Trailing

Period RYPCX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.6% -3.4% 36.4% 40.08%
1 Yr 32.7% -2.2% 70.4% 46.83%
3 Yr 14.8%* 0.0% 27.0% 60.74%
5 Yr 7.0%* -5.7% 28.4% 39.50%
10 Yr 10.7%* 2.2% 15.5% 40.50%

* Annualized

Total Return Ranking - Calendar

Period RYPCX Return Category Return Low Category Return High Rank in Category (%)
2025 7.9% -7.3% 22.4% 57.76%
2024 6.1% -14.7% 32.4% 88.98%
2023 25.4% -7.1% 31.8% 1.23%
2022 -17.9% -45.2% 123.7% 62.60%
2021 20.8% 0.0% 45.6% 64.85%

NAV & Total Return History

RYPCX - Holdings

Concentration Analysis

RYPCX Category Low Category High RYPCX % Rank
Net Assets 1.99 B 825 K 177 B 23.47%
Number of Holdings 261 2 2429 43.06%
Net Assets in Top 10 293 M 164 K 14 B 28.16%
Weighting of Top 10 16.11% 3.9% 110.2% 56.35%

Top 10 Holdings

  1. FIXED INC CLEARING CORP.REPO 4.33%
  2. Arcosa Inc 2.27%
  3. Element Solutions Inc 1.81%
  4. Assured Guaranty Ltd 1.30%
  5. SEI Investments Co 1.18%
  6. RBC Bearings Inc 1.13%
  7. Enpro Inc 1.06%
  8. JBT Marel Corp 1.06%
  9. Quaker Chemical Corp 1.01%
  10. Esab Corp 0.96%

Asset Allocation

Weighting Return Low Return High RYPCX % Rank
Stocks 		95.56% 4.13% 107.43% 88.78%
Other 		4.33% -0.09% 55.42% 4.49%
Cash 		0.27% 0.00% 41.75% 86.94%
Preferred Stocks 		0.00% 0.00% 2.27% 42.04%
Convertible Bonds 		0.00% 0.00% 3.17% 41.72%
Bonds 		0.00% 0.00% 148.81% 47.35%

Stock Sector Breakdown

Weighting Return Low Return High RYPCX % Rank
Industrials 		26.79% 8.23% 37.42% 5.58%
Technology 		20.26% 0.00% 43.95% 9.30%
Financial Services 		18.58% 0.00% 34.45% 18.80%
Consumer Cyclical 		11.61% 0.99% 47.79% 43.39%
Basic Materials 		7.71% 0.00% 16.91% 7.64%
Healthcare 		6.60% 0.00% 26.53% 90.50%
Communication Services 		3.12% 0.00% 14.85% 39.46%
Real Estate 		2.23% 0.00% 29.43% 91.74%
Energy 		1.62% 0.00% 37.72% 88.43%
Consumer Defense 		1.47% 0.00% 18.87% 93.18%
Utilities 		0.00% 0.00% 18.58% 93.60%

Stock Geographic Breakdown

Weighting Return Low Return High RYPCX % Rank
US 		89.67% 0.00% 107.43% 95.10%
Non US 		5.89% 0.00% 98.75% 2.24%

RYPCX - Expenses

Operational Fees

RYPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.98% 0.02% 18.26% 6.78%
Management Fee 0.76% 0.00% 1.25% 63.73%
12b-1 Fee 1.00% 0.00% 1.00% 90.54%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

RYPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% 97.96%
Deferred Load 1.00% 1.00% 5.00% 44.19%

Trading Fees

RYPCX 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.

RYPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 60.00% 1.00% 314.00% 64.11%

RYPCX - Distributions

Dividend Yield Analysis

RYPCX Category Low Category High RYPCX % Rank
Dividend Yield 7.39% 0.00% 42.47% 10.82%

Dividend Distribution Analysis

RYPCX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annual

Net Income Ratio Analysis

RYPCX Category Low Category High RYPCX % Rank
Net Income Ratio -0.86% -2.40% 2.49% 94.83%

Capital Gain Distribution Analysis

RYPCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

RYPCX - Fund Manager Analysis

Managers

Charles Royce

Start Date

Tenure

Tenure Rank

Oct 31, 1972

49.61

49.6%

Royce is the Royce & Associates, LLC's President, Co-Chief Investment Officer and Portfolio Manager. Founded Royce in 1972.

Jay Kaplan

Start Date

Tenure

Tenure Rank

Apr 29, 2003

19.1

19.1%

Mr. Kaplan has been portfolio manager since 2011 and was previously assistant portfolio manager (2005-2011). His employer at Royce since 2000. Prior to joining the firm, he spent 12 years with Prudential Financial, most recently as a managing director and portfolio manager.

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).

James Stoeffel

Start Date

Tenure

Tenure Rank

May 01, 2017

5.08

5.1%

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).

Andrew Palen

Start Date

Tenure

Tenure Rank

May 01, 2018

4.08

4.1%

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).

Steven McBoyle

Start Date

Tenure

Tenure Rank

May 01, 2019

3.08

3.1%

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.

Miles Lewis

Start Date

Tenure

Tenure Rank

Feb 01, 2021

1.33

1.3%

Mr. Lewis, Portfolio Manager, has been a member of the team that manages the funds since joining American Century in 2010 as an investment analyst and became a senior investment analyst in February 2014. He became a portfolio manager in November 2014. Before joining American Century, Mr. Lewis attended the Johnson Graduate School of Management at Cornell University from 2008 to 2010, where he obtained his MBA. He also has a bachelor's degree in business administration from The College of William & Mary. He is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 49.61 7.09 0.54

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