Royce Small-Cap Special Equity Instl (RSEIX)

Fund Assets	464.98M
Expense Ratio	1.229%
Min. Investment	$1,000,000
Turnover	12.00%
Dividend (ttm)	0.36
Dividend Yield	2.10%
Dividend Growth	-15.62%
Payout Frequency	Annual
Ex-Dividend Date	Dec 11, 2025

Previous Close	16.91
YTD Return	22.56%
1-Year Return	24.75%
5-Year Return	46.47%
52-Week Low	13.83
52-Week High	18.22
Beta (5Y)	0.91
Holdings	31
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.

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

Performance

RSEIX had a total return of 24.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.05%.

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	0.07%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
RYSEX	Investment Class	1.24%
RSEFX	Service Class	1.49%
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	$1.7915	Dec 11, 2025
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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