Royce Small-Cap Special Equity Fund Investment Class (RYSEX)

Fund Assets	464.98M
Expense Ratio	1.228%
Min. Investment	$2,000
Turnover	12.00%
Dividend (ttm)	0.35
Dividend Yield	2.02%
Dividend Growth	-14.54%
Payout Frequency	Annual
Ex-Dividend Date	Dec 11, 2025

Previous Close	17.15
YTD Return	22.52%
1-Year Return	24.24%
5-Year Return	46.55%
52-Week Low	14.03
52-Week High	18.48
Beta (5Y)	0.91
Holdings	31
Inception Date	May 1, 1998

About RYSEX

Royce Small-Cap Special Equity Fund Investment Class is a mutual fund that focuses on long-term capital growth by investing primarily in equity securities of small-cap companies. The fund employs a value-oriented approach, emphasizing companies with superior balance sheets, sustainable returns on invested capital, strong free cash flow from operations, and transparent accounting practices. Its strategy centers on identifying conservatively managed businesses with a viable niche or franchise, whose stocks are trading below their economic value. While the fund usually invests at least 80% of its assets in U.S. small-cap equities, it may allocate up to 10% in companies headquartered abroad. The portfolio is notably concentrated, holding around 34 positions, and is constructed with an eye toward lower volatility and high active share relative to its benchmark indices. Since its inception in 1998, this fund has carved out a distinct role among small-cap value funds by consistently seeking out undervalued opportunities in the small-cap segment, making it notable for its disciplined, risk-aware approach in the broader equity market.

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

Performance

RYSEX had a total return of 24.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.23%.

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%
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	$1.7337	Dec 11, 2025
Dec 12, 2024	$2.4846	Dec 12, 2024
Dec 14, 2023	$0.9069	Dec 14, 2023
Dec 15, 2022	$1.9644	Dec 15, 2022
Dec 16, 2021	$3.1563	Dec 16, 2021
Dec 10, 2020	$0.6746	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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