Royce Small-Cap Special Equity Svc (RSEFX)

Fund Assets	464.98M
Expense Ratio	1.488%
Min. Investment	$2,000
Turnover	12.00%
Dividend (ttm)	0.30
Dividend Yield	1.74%
Dividend Growth	-17.86%
Payout Frequency	Annual
Ex-Dividend Date	Dec 11, 2025

Previous Close	17.13
YTD Return	22.21%
1-Year Return	23.91%
5-Year Return	44.58%
52-Week Low	14.05
52-Week High	18.47
Beta (5Y)	0.91
Holdings	31
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.

• Fund Family: Royce Investment Partners
• Category: Small Value
• Performance Rating: Above Average
• Risk Rating: Low
• Stock Exchange: Nasdaq
• Ticker Symbol: RSEFX
• Share Class: Service Class
• Index: Russell 2000 Value TR

Performance

RSEFX had a total return of 23.91% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.72%.

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%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
RSEIX	Institutional Class	1.18%
RYSEX	Investment Class	1.24%
RSQCX	Consultant Class	2.24%
PAHQX	A Class	1.49%

Top 10 Holdings

71.10% of assets

Name	Symbol	Weight
Fixed Income Clearing Corp. - FIXED INC CLEARING CORP.REPO	n/a	25.59%
Standard Motor Products, Inc.	SMP	8.47%
Movado Group, Inc.	MOV	5.93%
H&R Block, Inc.	HRB	4.97%
ManpowerGroup Inc.	MAN	4.90%
Euronet Worldwide, Inc.	EEFT	4.74%
Macy's, Inc.	M	4.53%
Ennis, Inc.	EBF	4.42%
Sylvamo Corporation	SLVM	4.06%
Ethan Allen Interiors Inc.	ETD	3.50%

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

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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