Royce Small-Cap Special Equity Fund Institutional Class (RSEIX)
| Fund Assets | 489.31M |
| Expense Ratio | 1.13% |
| Min. Investment | $1,000,000 |
| Turnover | 5.00% |
| Dividend (ttm) | 2.48 |
| Dividend Yield | 17.04% |
| Dividend Growth | 170.65% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 14.67 |
| YTD Return | -2.72% |
| 1-Year Return | -5.83% |
| 5-Year Return | 51.58% |
| 52-Week Low | 12.38 |
| 52-Week High | 18.59 |
| Beta (5Y) | n/a |
| Holdings | 33 |
| Inception Date | Jul 25, 2003 |
About RSEIX
Royce Small-Cap Special Equity Fund Institutional Class is a mutual fund focused on long-term capital growth through investments in small-cap U.S. companies. The fund primarily targets value stocks of conservatively managed businesses with transparent accounting practices and distinctive market niches. Its investment strategy involves allocating at least 80% of assets to equity securities of small-cap firms, typically those with market capitalizations within the range of the Russell 2000 Index. The fund is actively managed and is known for its disciplined value approach, seeking companies trading below their estimated economic worth, with strong balance sheets and sustainable returns on invested capital. The portfolio is diversified across industries but maintains a concentrated selection, often with a significant proportion in its top holdings. Since inception, the fund has demonstrated a commitment to low portfolio turnover and a high active share compared to its benchmarks, reflecting a distinct investment style. As part of Royce Investment Partners’ suite of offerings, this fund plays a specialized role in providing exposure to the small-cap value segment within diversified portfolios.
Performance
RSEIX had a total return of -5.83% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.20%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VRTVX | Vanguard | Vanguard Russell 2000 Value ETF | 0.08% |
Top 10 Holdings
60.04% of assets| Name | Symbol | Weight |
|---|---|---|
| Fixed Income Clearing Corp - FIXED INC CLEARING CORP.REPO | n/a | 17.53% |
| TEGNA Inc. | TGNA | 6.58% |
| Mueller Industries, Inc. | MLI | 6.17% |
| Standard Motor Products, Inc. | SMP | 4.95% |
| Ennis, Inc. | EBF | 4.72% |
| Vishay Intertechnology, Inc. | VSH | 4.65% |
| Ingles Markets, Incorporated | IMKTA | 4.30% |
| NVE Corporation | NVEC | 3.95% |
| Diamond Hill Investment Group, Inc. | DHIL | 3.78% |
| United States Lime & Minerals, Inc. | USLM | 3.42% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 12, 2024 | $2.4805 | Dec 12, 2024 |
| Dec 14, 2023 | $0.9165 | Dec 14, 2023 |
| Dec 15, 2022 | $1.9675 | Dec 15, 2022 |
| Dec 16, 2021 | $3.1543 | Dec 16, 2021 |
| Dec 10, 2020 | $0.6798 | Dec 10, 2020 |
| Dec 12, 2019 | $2.0283 | Dec 12, 2019 |