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Royce Capital Fund - Micro-Cap Portfolio
mutual fund
RCMSX
Payout Change
Pending
Price as of:
$9.47
+0.16
+1.72%
primary theme
U.S. Small-Cap Blend Equity
share class
RCMSX (Mutual Fund)
Royce Capital Fund - Micro-Cap Portfolio
Payout Change
Pending
Price as of:
$9.47
+0.16
+1.72%
primary theme
U.S. Small-Cap Blend Equity
share class
RCMSX (Mutual Fund)
Royce Capital Fund - Micro-Cap Portfolio
Payout Change
Pending
Price as of:
$9.47
+0.16
+1.72%
primary theme
U.S. Small-Cap Blend Equity
share class
Name
As of 10/04/2024Price
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
Vitals
YTD Return
6.6%
1 yr return
21.1%
3 Yr Avg Return
0.9%
5 Yr Avg Return
12.3%
Net Assets
$132 M
Holdings in Top 10
15.4%
52 WEEK LOW AND HIGH
$9.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.46%
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 10/04/2024Price
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
RCMSX - Profile
Distributions
- YTD Total Return 6.6%
- 3 Yr Annualized Total Return 0.9%
- 5 Yr Annualized Total Return 12.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.81%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameRoyce Capital Fund - Micro-Cap Portfolio
-
Fund Family NameROYCEFUNDS
-
Inception DateJun 19, 2006
-
Shares OutstandingN/A
-
Share ClassS
-
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 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.
RCMSX - Performance
Return Ranking - Trailing
| Period | RCMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.6% | -18.2% | 30.9% | 82.49% |
| 1 Yr | 21.1% | -24.0% | 45.0% | 85.31% |
| 3 Yr | 0.9%* | -12.5% | 43.8% | 78.69% |
| 5 Yr | 12.3%* | -12.1% | 35.2% | 20.44% |
| 10 Yr | 7.1%* | -2.4% | 18.4% | 82.71% |
* Annualized
Return Ranking - Calendar
| Period | RCMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.6% | -19.9% | 29.0% | 11.72% |
| 2022 | -47.9% | -59.3% | 118.2% | 99.24% |
| 2021 | 23.6% | -31.6% | 39.3% | 10.81% |
| 2020 | 21.9% | -51.0% | 39.5% | 3.17% |
| 2019 | 8.4% | -5.6% | 37.8% | 94.63% |
Total Return Ranking - Trailing
| Period | RCMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.6% | -18.2% | 30.9% | 82.49% |
| 1 Yr | 21.1% | -24.0% | 45.0% | 85.31% |
| 3 Yr | 0.9%* | -12.5% | 43.8% | 78.69% |
| 5 Yr | 12.3%* | -12.1% | 35.2% | 20.44% |
| 10 Yr | 7.1%* | -2.4% | 18.4% | 82.71% |
* Annualized
Total Return Ranking - Calendar
| Period | RCMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.6% | -11.7% | 31.8% | 22.31% |
| 2022 | -22.7% | -45.2% | 123.7% | 94.68% |
| 2021 | 29.5% | 0.0% | 47.7% | 15.25% |
| 2020 | 23.6% | -50.5% | 46.9% | 4.95% |
| 2019 | 19.2% | 2.1% | 40.9% | 91.74% |
NAV & Total Return History
RCMSX - Holdings
Concentration Analysis
| RCMSX | Category Low | Category High | RCMSX % Rank | |
|---|---|---|---|---|
| Net Assets | 132 M | 529 K | 145 B | 78.95% |
| Number of Holdings | 125 | 2 | 2445 | 57.52% |
| Net Assets in Top 10 | 20.3 M | 120 K | 9.87 B | 78.76% |
| Weighting of Top 10 | 15.39% | 3.5% | 100.1% | 58.68% |
Top 10 Holdings
- FIXED INC CLEARING CORP.REPO 3.11%
- CECO Environmental Corp 1.56%
- Artivion Inc 1.44%
- Newpark Resources Inc 1.39%
- Graham Corp 1.34%
- American Superconductor Corp 1.34%
- VSE Corp 1.33%
- QuinStreet Inc 1.30%
- Shoe Carnival Inc 1.29%
- CRA International Inc 1.27%
Asset Allocation
| Weighting | Return Low | Return High | RCMSX % Rank | |
|---|---|---|---|---|
| Stocks | 97.01% | 7.51% | 107.74% | 78.20% |
| Other | 3.11% | -0.13% | 49.08% | 6.77% |
| Cash | 0.26% | 0.00% | 42.24% | 84.59% |
| Preferred Stocks | 0.00% | 0.00% | 6.06% | 35.34% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 34.65% |
| Bonds | 0.00% | 0.00% | 87.66% | 39.47% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RCMSX % Rank | |
|---|---|---|---|---|
| Industrials | 27.81% | 2.46% | 37.42% | 7.22% |
| Technology | 23.10% | 0.00% | 43.95% | 5.89% |
| Financial Services | 14.72% | 0.00% | 35.52% | 64.07% |
| Consumer Cyclical | 11.47% | 0.99% | 47.79% | 47.15% |
| Healthcare | 11.40% | 0.00% | 26.53% | 67.11% |
| Communication Services | 4.19% | 0.00% | 14.85% | 15.21% |
| Basic Materials | 3.49% | 0.00% | 18.66% | 79.66% |
| Energy | 2.61% | 0.00% | 37.72% | 83.27% |
| Consumer Defense | 0.70% | 0.00% | 18.87% | 98.10% |
| Real Estate | 0.50% | 0.00% | 29.43% | 95.44% |
| Utilities | 0.00% | 0.00% | 18.58% | 92.40% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RCMSX % Rank | |
|---|---|---|---|---|
| US | 90.05% | 4.48% | 107.74% | 96.05% |
| Non US | 6.96% | 0.00% | 94.62% | 2.26% |
RCMSX - Expenses
Operational Fees
| RCMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.46% | 0.01% | 38.30% | 21.13% |
| Management Fee | 1.00% | 0.00% | 1.50% | 93.02% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 43.27% |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| RCMSX 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
| RCMSX 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.
| RCMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 25.00% | 1.00% | 314.00% | 23.97% |
RCMSX - Distributions
Dividend Yield Analysis
| RCMSX | Category Low | Category High | RCMSX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 42.47% | 88.16% |
Dividend Distribution Analysis
| RCMSX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| RCMSX | Category Low | Category High | RCMSX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.81% | -2.40% | 2.49% | 93.35% |
Capital Gain Distribution Analysis
| RCMSX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2022 | $3.616 | OrdinaryDividend |
| Dec 16, 2021 | $0.655 | CapitalGainLongTerm |
| Dec 10, 2020 | $0.151 | CapitalGainLongTerm |
| Dec 12, 2019 | $0.933 | CapitalGainLongTerm |
| Dec 13, 2018 | $0.037 | CapitalGainShortTerm |
| Dec 13, 2018 | $0.446 | CapitalGainLongTerm |
| Dec 14, 2017 | $1.185 | CapitalGainLongTerm |
| Dec 14, 2017 | $0.061 | OrdinaryDividend |
| Dec 15, 2016 | $0.052 | OrdinaryDividend |
| Dec 17, 2015 | $0.031 | CapitalGainShortTerm |
| Dec 17, 2015 | $0.578 | CapitalGainLongTerm |
| Dec 17, 2014 | $0.031 | CapitalGainShortTerm |
| Dec 17, 2014 | $0.944 | CapitalGainLongTerm |
| Dec 12, 2013 | $0.335 | CapitalGainLongTerm |
| Dec 12, 2013 | $0.042 | OrdinaryDividend |
| Dec 13, 2012 | $0.243 | CapitalGainLongTerm |
| Dec 15, 2011 | $0.285 | OrdinaryDividend |
| Dec 16, 2010 | $0.194 | OrdinaryDividend |
| Dec 16, 2008 | $0.163 | CapitalGainShortTerm |
| Dec 16, 2008 | $1.112 | CapitalGainLongTerm |
| Dec 16, 2008 | $0.280 | OrdinaryDividend |
| Dec 12, 2007 | $0.365 | CapitalGainShortTerm |
| Dec 12, 2007 | $0.904 | CapitalGainLongTerm |
| Dec 12, 2007 | $0.193 | OrdinaryDividend |
| Dec 12, 2006 | $0.024 | OrdinaryDividend |
| Dec 12, 2006 | $0.118 | CapitalGainShortTerm |
| Dec 12, 2006 | $0.668 | CapitalGainLongTerm |
RCMSX - 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 | 7.18 | 2.58 |
