- CUSIP
- 780811576
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
RIPIX Performance Chart
Royce International Premier Fund Institutional Class (RIPIX) is up 4.3% since the beginning of the year. RIPIX is currently trading at $13 per share. Investors who bought $1,000 worth of RIPIX shares 5 years ago would now be looking at an investment worth $857.
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Returns By Period
Royce International Premier Fund Institutional Class (RIPIX) has returned 4.31% so far this year and 3.61% over the past 12 months.
Royce International Premier Fund Institutional Class
- 1D
- -0.46%
- 1M
- 2.83%
- YTD
- 4.31%
- 6M
- 5.00%
- 1Y
- 3.61%
- 3Y*
- 2.98%
- 5Y*
- -3.05%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
RIPIX Monthly Returns History
Based on dividend-adjusted daily data since May 18, 2018, RIPIX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.
Historically, 52% of months were positive and 48% were negative. The best month was Apr 2020 with a return of +12.8%, while the worst month was Mar 2020 at -14.3%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 6 months.
On a daily basis, RIPIX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +6.3%, while the worst single day was Mar 12, 2020 at -9.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.64% | 0.24% | -8.31% | 9.66% | 3.23% | -0.38% | 4.31% | ||||||
| 2025 | 2.51% | -1.85% | -0.60% | 3.80% | 5.83% | 6.53% | -1.77% | 0.38% | -1.50% | -2.13% | -1.01% | -0.21% | 9.89% |
| 2024 | -1.98% | 0.08% | -0.23% | -4.67% | 4.33% | -1.96% | 4.31% | 1.84% | 1.20% | -6.09% | 0.63% | -4.11% | -7.04% |
| 2023 | 8.38% | -2.80% | 1.89% | 0.22% | -4.30% | 1.63% | 1.14% | -3.47% | -5.23% | -5.61% | 10.48% | 7.11% | 8.14% |
| 2022 | -9.65% | -3.60% | -1.16% | -8.21% | -0.43% | -7.06% | 8.52% | -8.63% | -11.07% | 5.57% | 8.24% | -0.92% | -26.99% |
| 2021 | -3.34% | -1.99% | 3.05% | 5.46% | 2.42% | 1.13% | 2.82% | 3.31% | -4.90% | 1.79% | -5.95% | 3.01% | 6.22% |
Benchmark Metrics
Royce International Premier Fund Institutional Class has an annualized alpha of -5.31%, beta of 0.63, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since May 21, 2018.
- This fund participated in 106.98% of S&P 500 Index downside but only 66.82% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -5.31% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 0.63 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -5.31%
- Beta
- 0.63
- R²
- 0.57
- Upside Capture
- 66.82%
- Downside Capture
- 106.98%
Expense Ratio
RIPIX has a high expense ratio of 1.04%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RIPIX ranks 4 for risk / return — in the bottom 4% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Royce International Premier Fund Institutional Class (RIPIX) and compare them to S&P 500 Index.
| RIPIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.41 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 2.93 | -2.74 |
| Martin ratioReturn relative to average drawdown | 0.47 | 13.52 | -13.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Royce International Premier Fund Institutional Class provided a 1.40% dividend yield over the last twelve months, with an annual payout of $0.18 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.18 | $0.18 | $0.66 | $0.41 | $0.48 | $0.89 | $0.06 | $0.09 | $0.06 |
Dividend yield | 1.40% | 1.46% | 5.66% | 3.09% | 3.87% | 5.02% | 0.36% | 0.58% | 0.54% |
Monthly Dividends
The table displays the monthly dividend distributions for Royce International Premier Fund Institutional Class. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.66 | $0.66 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.48 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | $0.89 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Royce International Premier Fund Institutional Class. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Royce International Premier Fund Institutional Class was 41.89%, occurring on Oct 14, 2022. The portfolio has not yet recovered.
The current Royce International Premier Fund Institutional Class drawdown is 23.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -41.89%Oct 2022 | 1y 1mo | — | 4y 9moSep 2021 - now |
COVID crash2020 | -33.83%Mar 2020 | 2mo | 4mo 27d | 6mo 27dJan 2020 - Aug 2020 |
Rate-hike selloffLate 2018 | -17.54%Dec 2018 | 6mo 13d | 3mo 10d | 9mo 23dJun 2018 - Apr 2019 |
2019 pullback2019 | -8.29%Aug 2019 | 1mo 11d | 2mo 24d | 4mo 5dJul 2019 - Nov 2019 |
2020 pullback2020 | -7.27%Oct 2020 | 17d | 17d | 1mo 4dOct 2020 - Nov 2020 |
Drawdown Indicators
| RIPIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -56.78% | +14.89% |
Max Drawdown (1Y)Largest decline over 1 year | -16.38% | -9.10% | -7.28% |
Max Drawdown (3Y)Largest decline over 3 years | -17.33% | -18.90% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -41.89% | -25.43% | -16.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -23.11% | -0.74% | -22.37% |
Average DrawdownAverage peak-to-trough decline | -18.01% | -10.72% | -7.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.68% | 1.97% | +4.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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