Royce Small-Cap Special Equity Fund Service Class (RSEFX)
| Fund Assets | 456.37M |
| Expense Ratio | 1.49% |
| Min. Investment | $2,000 |
| Turnover | 5.00% |
| Dividend (ttm) | 1.68 |
| Dividend Yield | 10.90% |
| Dividend Growth | -30.99% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 11, 2025 |
| Previous Close | 15.37 |
| YTD Return | 9.68% |
| 1-Year Return | 18.21% |
| 5-Year Return | 38.34% |
| 52-Week Low | 11.16 |
| 52-Week High | 15.49 |
| Beta (5Y) | n/a |
| Holdings | 33 |
| Inception Date | Oct 2, 2003 |
About RSEFX
Royce Small-Cap Special Equity Fund Service Class is a mutual fund focused on identifying value opportunities within the small-cap equity segment. The fund primarily invests at least 80% of its net assets in small-cap companies—those with market capitalizations below the largest in the Russell 2000 Index—with an emphasis on businesses that are conservatively managed, possess transparent accounting, and hold a unique niche or franchise. Its strategy seeks companies trading below their economic value and exhibiting strong balance sheets and sustainable returns on invested capital. Managed by an experienced team with over 26 years of tenure, the fund maintains a diversified portfolio, typically holding around 30-35 positions across various sectors such as industrials, consumer discretionary, and materials. It also exhibits relatively low portfolio turnover and a high active share, reflecting a differentiated approach relative to common small-cap benchmarks. The Royce Small-Cap Special Equity Fund Service Class plays a significant role in the market by targeting overlooked or undervalued small-cap stocks, aiming to deliver capital appreciation while managing volatility for investors seeking exposure to this niche of the U.S. equity market.
Performance
RSEFX had a total return of 18.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 15.29%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FISVX | Fidelity | Fidelity Small Cap Value Index Fund | 0.05% |
Top 10 Holdings
64.26% of assets| Name | Symbol | Weight |
|---|---|---|
| Fixed Income Clearing Corporation | n/a | 14.01% |
| Standard Motor Products, Inc. | SMP | 8.75% |
| Mueller Industries, Inc. | MLI | 8.04% |
| TEGNA Inc. | TGNA | 4.94% |
| Diamond Hill Investment Group, Inc. | DHIL | 4.91% |
| Ennis, Inc. | EBF | 4.84% |
| Movado Group, Inc. | MOV | 4.80% |
| Ingles Markets, Incorporated | IMKTA | 4.75% |
| Vishay Intertechnology, Inc. | VSH | 4.63% |
| Macy's, Inc. | M | 4.60% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 11, 2025 | $1.6801 | Dec 11, 2025 |
| Dec 12, 2024 | $2.4346 | Dec 12, 2024 |
| Dec 14, 2023 | $0.8543 | Dec 14, 2023 |
| Dec 15, 2022 | $1.8939 | Dec 15, 2022 |
| Dec 16, 2021 | $3.0964 | Dec 16, 2021 |
| Dec 10, 2020 | $0.6498 | Dec 10, 2020 |