Royce Smaller-Companies Growth Fund Institutional Class (RVPIX)
| Fund Assets | 197.36M |
| Expense Ratio | 1.02% |
| Min. Investment | $1,000,000 |
| Turnover | 73.00% |
| Dividend (ttm) | 1.41 |
| Dividend Yield | 17.20% |
| Dividend Growth | 467.53% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 11, 2025 |
| Previous Close | 8.12 |
| YTD Return | -0.49% |
| 1-Year Return | 14.15% |
| 5-Year Return | -25.43% |
| 52-Week Low | 5.61 |
| 52-Week High | 8.90 |
| Beta (5Y) | n/a |
| Holdings | 81 |
| Inception Date | May 10, 2006 |
About RVPIX
Royce Smaller-Companies Growth Fund Institutional Class is a mutual fund focused on investing in small-cap and mid-cap U.S. companies, generally those with market capitalizations up to $7.5 billion. The fund’s primary objective is long-term capital growth by targeting businesses exhibiting superior revenue or earnings growth, especially those trading at valuations Royce believes do not fully reflect their long-term prospects. The management team seeks companies poised for multi-year expansion, favoring those with sustainable competitive advantages or benefiting from enduring market trends. This approach emphasizes active stock selection, aiming to capitalize on emerging growth opportunities across diverse sectors such as information technology, industrials, health care, and financials. The fund is designed for institutional investors and is distinguished by its commitment to small and mid-sized growth enterprises, making it a significant participant in driving capital formation and innovation within the smaller-company segment of the U.S. equity market. Investors should be aware that the focus on smaller companies typically involves higher volatility and risk compared to larger-cap investments.
Performance
RVPIX had a total return of 14.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.87%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VRTGX | Vanguard | Vanguard Russell 2000 Growth Index Fund Institutional Shares | 0.08% |
Top 10 Holdings
25.78% of assets| Name | Symbol | Weight |
|---|---|---|
| Fixed Income Clearing Corporation | n/a | 5.63% |
| Axsome Therapeutics, Inc. | AXSM | 2.63% |
| Strata Critical Medical, Inc. | SRTA | 2.31% |
| Seacoast Banking Corporation of Florida | SBCF | 2.30% |
| Flotek Industries, Inc. | FTK | 2.26% |
| Magnite, Inc. | MGNI | 2.23% |
| Guardian Pharmacy Services, Inc. | GRDN | 2.15% |
| ACV Auctions Inc. | ACVA | 2.12% |
| SI-BONE, Inc. | SIBN | 2.09% |
| BrightSpring Health Services, Inc. | BTSG | 2.08% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 11, 2025 | $1.4103 | Dec 11, 2025 |
| Dec 12, 2024 | $0.2485 | Dec 12, 2024 |
| Dec 15, 2022 | $0.2497 | Dec 15, 2022 |
| Dec 10, 2020 | $1.1583 | Dec 10, 2020 |
| Dec 12, 2019 | $0.2887 | Dec 12, 2019 |
| Dec 13, 2018 | $3.1663 | Dec 13, 2018 |