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Royce Small-Cap Special Equity Fund
mutual fund
RSEIX
Payout Change
Pending
Price as of:
$17.08
+0.13
+0.77%
primary theme
U.S. Small-Cap Value Equity
share class
RSEIX (Mutual Fund)
Royce Small-Cap Special Equity Fund
Payout Change
Pending
Price as of:
$17.08
+0.13
+0.77%
primary theme
U.S. Small-Cap Value Equity
share class
RSEIX (Mutual Fund)
Royce Small-Cap Special Equity Fund
Payout Change
Pending
Price as of:
$17.08
+0.13
+0.77%
primary theme
U.S. Small-Cap Value 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
1.1%
1 yr return
11.0%
3 Yr Avg Return
4.4%
5 Yr Avg Return
9.6%
Net Assets
$757 M
Holdings in Top 10
57.0%
52 WEEK LOW AND HIGH
$17.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.14%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 42.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
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
RSEIX - Profile
Distributions
- YTD Total Return 1.1%
- 3 Yr Annualized Total Return 4.4%
- 5 Yr Annualized Total Return 9.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.92%
- Dividend Yield 1.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameRoyce Small-Cap Special Equity Fund
-
Fund Family NameRoyce
-
Inception DateOct 02, 2003
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerCharles Dreifus
Fund Description
Royce Investment Partners (“Royce”), the Fund’s investment adviser, invests the Fund’s assets primarily in equity securities of small-cap companies. Small-cap companies are those that have a market capitalization not greater than that of the largest company in the Russell 2000® Index at the time of its most recent reconstitution. The portfolio manager applies an intensive value approach in managing the Fund’s assets. This approach, which attempts to combine classic value analysis, the identification of good businesses, and accounting cynicism, has its roots in the teachings of Benjamin Graham and Abraham Briloff.
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 10% of its net assets (measured at the time of investment) in securities of companies headquartered in foreign countries. 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.
RSEIX - Performance
Return Ranking - Trailing
| Period | RSEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.1% | -7.9% | 21.2% | 93.71% |
| 1 Yr | 11.0% | 5.8% | 40.2% | 96.97% |
| 3 Yr | 4.4%* | -13.6% | 69.9% | 55.18% |
| 5 Yr | 9.6%* | -2.5% | 52.5% | 75.90% |
| 10 Yr | 6.9%* | -2.6% | 28.2% | 75.75% |
* Annualized
Return Ranking - Calendar
| Period | RSEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.1% | -6.0% | 33.6% | 72.45% |
| 2022 | -16.6% | -36.7% | 212.9% | 47.75% |
| 2021 | 4.8% | -62.0% | 147.6% | 90.73% |
| 2020 | 3.6% | -24.8% | 31.3% | 36.25% |
| 2019 | 0.9% | -21.7% | 34.0% | 97.11% |
Total Return Ranking - Trailing
| Period | RSEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.1% | -7.9% | 21.2% | 93.71% |
| 1 Yr | 11.0% | 5.8% | 40.2% | 96.97% |
| 3 Yr | 4.4%* | -13.6% | 69.9% | 55.18% |
| 5 Yr | 9.6%* | -2.5% | 52.5% | 75.90% |
| 10 Yr | 6.9%* | -2.6% | 28.2% | 75.75% |
* Annualized
Total Return Ranking - Calendar
| Period | RSEIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.9% | 1.8% | 35.4% | 72.69% |
| 2022 | -6.3% | -36.7% | 250.0% | 17.49% |
| 2021 | 22.7% | -3.0% | 157.9% | 90.49% |
| 2020 | 7.5% | -13.5% | 33.4% | 26.25% |
| 2019 | 12.6% | -1.5% | 34.3% | 97.64% |
NAV & Total Return History
RSEIX - Holdings
Concentration Analysis
| RSEIX | Category Low | Category High | RSEIX % Rank | |
|---|---|---|---|---|
| Net Assets | 757 M | 5.95 M | 54 B | 39.49% |
| Number of Holdings | 35 | 10 | 1599 | 96.30% |
| Net Assets in Top 10 | 403 M | 762 K | 3.2 B | 20.79% |
| Weighting of Top 10 | 56.97% | 5.4% | 92.2% | 1.16% |
Top 10 Holdings
- FIXED INC CLEARING CORP.REPO 16.00%
- Encore Wire Corp 8.09%
- Vishay Intertechnology Inc 5.08%
- Mueller Industries Inc 4.47%
- John B Sanfilippo Son Inc 4.17%
- Ennis Inc 3.97%
- TEGNA Inc 3.94%
- Standard Motor Products Inc 3.83%
- United States Lime Minerals Inc 3.71%
- Ingles Markets Inc 3.70%
Asset Allocation
| Weighting | Return Low | Return High | RSEIX % Rank | |
|---|---|---|---|---|
| Stocks | 83.91% | 7.22% | 105.88% | 97.69% |
| Other | 16.00% | -1.83% | 31.19% | 1.15% |
| Cash | 0.09% | 0.00% | 39.68% | 90.76% |
| Preferred Stocks | 0.00% | 0.00% | 1.87% | 79.45% |
| Convertible Bonds | 0.00% | 0.00% | 2.63% | 78.22% |
| Bonds | 0.00% | 0.00% | 79.66% | 78.52% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RSEIX % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 24.63% | 0.00% | 51.62% | 1.89% |
| Industrials | 20.00% | 0.65% | 48.61% | 26.24% |
| Technology | 13.92% | 0.00% | 34.03% | 8.98% |
| Consumer Defense | 13.22% | 0.00% | 13.22% | 0.24% |
| Basic Materials | 12.22% | 0.00% | 67.30% | 4.26% |
| Financial Services | 5.91% | 0.00% | 35.71% | 96.93% |
| Real Estate | 5.56% | 0.00% | 44.41% | 68.09% |
| Communication Services | 4.54% | 0.00% | 24.90% | 10.64% |
| Utilities | 0.00% | 0.00% | 13.86% | 96.22% |
| Healthcare | 0.00% | 0.00% | 25.76% | 99.76% |
| Energy | 0.00% | 0.00% | 29.42% | 99.53% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RSEIX % Rank | |
|---|---|---|---|---|
| US | 83.91% | 7.22% | 105.88% | 96.30% |
| Non US | 0.00% | 0.00% | 76.17% | 82.91% |
RSEIX - Expenses
Operational Fees
| RSEIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.14% | 0.05% | 37.04% | 53.35% |
| Management Fee | 1.00% | 0.00% | 1.50% | 94.44% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 22.67% |
| Administrative Fee | N/A | 0.01% | 0.35% | N/A |
Sales Fees
| RSEIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| RSEIX 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.
| RSEIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 42.00% | 7.00% | 252.00% | 30.77% |
RSEIX - Distributions
Dividend Yield Analysis
| RSEIX | Category Low | Category High | RSEIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.56% | 0.00% | 14.14% | 18.71% |
Dividend Distribution Analysis
| RSEIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| RSEIX | Category Low | Category High | RSEIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.92% | -1.43% | 4.13% | 20.33% |
Capital Gain Distribution Analysis
| RSEIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2023 | $0.267 | OrdinaryDividend |
| Dec 14, 2023 | $0.001 | CapitalGainShortTerm |
| Dec 14, 2023 | $0.648 | CapitalGainLongTerm |
| Dec 15, 2022 | $1.968 | OrdinaryDividend |
| Dec 16, 2021 | $3.154 | OrdinaryDividend |
| Dec 10, 2020 | $0.680 | OrdinaryDividend |
| Dec 12, 2019 | $0.217 | OrdinaryDividend |
| Dec 12, 2019 | $0.002 | CapitalGainShortTerm |
| Dec 12, 2019 | $1.809 | CapitalGainLongTerm |
| Dec 13, 2018 | $0.010 | CapitalGainShortTerm |
| Dec 13, 2018 | $2.033 | CapitalGainLongTerm |
| Dec 13, 2018 | $0.241 | OrdinaryDividend |
| Dec 14, 2017 | $0.043 | CapitalGainShortTerm |
| Dec 14, 2017 | $1.739 | CapitalGainLongTerm |
| Dec 14, 2017 | $0.142 | OrdinaryDividend |
| Dec 15, 2016 | $1.490 | CapitalGainLongTerm |
| Dec 15, 2016 | $0.230 | OrdinaryDividend |
| Dec 17, 2015 | $1.856 | CapitalGainLongTerm |
| Dec 17, 2015 | $0.268 | OrdinaryDividend |
| Dec 17, 2014 | $0.107 | CapitalGainShortTerm |
| Dec 17, 2014 | $2.158 | CapitalGainLongTerm |
| Dec 17, 2014 | $0.149 | OrdinaryDividend |
| Dec 05, 2013 | $0.242 | CapitalGainShortTerm |
| Dec 05, 2013 | $1.960 | CapitalGainLongTerm |
| Dec 05, 2013 | $0.057 | OrdinaryDividend |
| Dec 28, 2012 | $0.057 | ExtraDividend |
| Dec 06, 2012 | $1.098 | CapitalGainLongTerm |
| Dec 06, 2012 | $0.454 | OrdinaryDividend |
| Dec 08, 2011 | $1.078 | CapitalGainLongTerm |
| Dec 08, 2011 | $0.118 | OrdinaryDividend |
| Dec 09, 2010 | $0.082 | OrdinaryDividend |
| Dec 09, 2009 | $0.086 | OrdinaryDividend |
| Dec 09, 2008 | $0.053 | CapitalGainShortTerm |
| Dec 09, 2008 | $0.694 | CapitalGainLongTerm |
| Dec 09, 2008 | $0.228 | OrdinaryDividend |
| Dec 07, 2007 | $0.177 | CapitalGainShortTerm |
| Dec 07, 2007 | $2.145 | CapitalGainLongTerm |
| Dec 07, 2007 | $0.138 | OrdinaryDividend |
| Dec 05, 2006 | $0.046 | CapitalGainShortTerm |
| Dec 05, 2006 | $1.465 | CapitalGainLongTerm |
| Dec 05, 2006 | $0.128 | OrdinaryDividend |
| Dec 02, 2005 | $0.100 | CapitalGainShortTerm |
| Dec 02, 2005 | $0.404 | CapitalGainLongTerm |
| Dec 02, 2005 | $0.240 | OrdinaryDividend |
| Dec 02, 2004 | $0.146 | CapitalGainShortTerm |
| Dec 02, 2004 | $0.522 | CapitalGainLongTerm |
| Dec 02, 2004 | $0.201 | OrdinaryDividend |
| Dec 04, 2003 | $0.003 | CapitalGainLongTerm |
| Dec 04, 2003 | $0.152 | CapitalGainShortTerm |
| Dec 04, 2003 | $0.059 | OrdinaryDividend |
RSEIX - Fund Manager Analysis
Managers
Charles Dreifus
Start Date
Tenure
Tenure Rank
May 01, 1998
24.1
24.1%
Mr. Dreifus is a principal and senior portfolio manager of Royce & Associates, LLC. Prior to joining Royce in 1998, he was a general partner and managing director and, most recently, a limited managing director of Lazard Freres & Co., LLC.
Steven McBoyle
Start Date
Tenure
Tenure Rank
Oct 01, 2014
7.67
7.7%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 37.45 | 8.22 | 3.58 |
