Royce Micro Cap Series Fund (RYOTX)
The fund invests the fund's assets primarily in equity securities of micro-cap companies. Normally, the fund invests at least 80% of its net assets in equity securities of micro-cap companies. Although the fund normally focuses on securities of U.S. companies, it may invest up to 25% of its net assets (measured at the time of investment) in securities of companies headquartered in foreign countries.
Fund Info
| ISIN | US7809057091 |
|---|---|
| CUSIP | 780905709 |
| Issuer | Royce Investment Partners |
| Inception Date | Dec 31, 1991 |
| Category | Small Cap Blend Equities |
| Min. Investment | $2,000 |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Blend |
Expense Ratio
RYOTX has a high expense ratio of 1.20%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: RYOTX vs. IWC, RYOTX vs. VTSAX, RYOTX vs. VTIAX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Royce Micro Cap Series Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Royce Micro Cap Series Fund had a return of 6.18% year-to-date (YTD) and 19.40% in the last 12 months. Over the past 10 years, Royce Micro Cap Series Fund had an annualized return of 6.92%, while the S&P 500 had an annualized return of 10.85%, indicating that Royce Micro Cap Series Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.18% | 17.79% |
| 1 month | -1.02% | 0.18% |
| 6 months | 4.01% | 7.53% |
| 1 year | 19.40% | 26.42% |
| 5 years (annualized) | 11.90% | 13.48% |
| 10 years (annualized) | 6.92% | 10.85% |
Monthly Returns
The table below presents the monthly returns of RYOTX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -4.09% | 6.07% | 2.68% | -7.31% | 8.17% | -2.00% | 9.57% | -2.43% | 6.18% | ||||
| 2023 | 10.63% | -0.46% | -6.89% | -4.94% | 2.18% | 9.86% | 5.18% | -2.55% | -5.60% | -7.27% | 8.14% | 12.56% | 19.51% |
| 2022 | -10.51% | -0.50% | -1.51% | -10.46% | 0.66% | -8.87% | 11.18% | -2.89% | -10.83% | 10.43% | 5.45% | -4.23% | -22.65% |
| 2021 | 4.24% | 12.20% | 0.60% | 3.20% | 1.68% | 1.46% | -0.63% | 1.14% | -2.93% | 5.59% | -1.95% | 3.02% | 30.36% |
| 2020 | -2.99% | -8.04% | -23.50% | 18.48% | 4.27% | 4.84% | 2.36% | 4.41% | -3.75% | 2.49% | 22.59% | 9.03% | 24.56% |
| 2019 | 9.52% | 4.78% | -4.57% | 3.61% | -8.01% | 5.94% | -0.97% | -5.86% | 4.25% | 3.38% | 4.04% | 4.82% | 21.19% |
| 2018 | 0.95% | -3.40% | 2.55% | 0.17% | 8.23% | 1.66% | 0.62% | 4.80% | -2.59% | -10.17% | -0.51% | -10.17% | -9.09% |
| 2017 | -1.43% | 0.00% | 0.76% | 0.59% | -1.93% | 4.11% | -0.33% | -2.15% | 7.34% | -1.10% | 0.63% | -0.89% | 5.34% |
| 2016 | -8.30% | 0.69% | 7.13% | 1.91% | -0.54% | -0.99% | 5.54% | 1.89% | 1.35% | -3.58% | 10.54% | 3.90% | 19.82% |
| 2015 | -5.39% | 4.97% | 0.42% | -0.62% | -1.26% | 0.78% | -5.26% | -4.95% | -6.38% | 5.82% | 1.41% | -2.92% | -13.39% |
| 2014 | -3.90% | 3.62% | -0.36% | -2.24% | -0.62% | 4.79% | -5.64% | 2.77% | -7.22% | 4.95% | -2.89% | 3.78% | -3.87% |
| 2013 | 3.04% | -1.84% | 1.27% | -2.84% | 5.03% | -1.42% | 5.98% | -1.61% | 5.54% | 2.51% | 4.19% | 0.14% | 21.27% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RYOTX is 12, indicating that it is in the bottom 12% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Royce Micro Cap Series Fund (RYOTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Royce Micro Cap Series Fund granted a 6.56% dividend yield in the last twelve months. The annual payout for that period amounted to $0.77 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.77 | $0.77 | $0.50 | $3.10 | $0.94 | $0.30 | $1.30 | $0.91 | $1.36 | $1.44 | $1.48 | $1.21 |
Dividend yield | 6.56% | 6.97% | 5.10% | 23.10% | 7.40% | 2.72% | 13.95% | 7.81% | 11.41% | 12.99% | 10.25% | 7.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Royce Micro Cap Series Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $0.77 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.10 | $3.10 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.94 | $0.94 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.30 | $1.30 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.91 | $0.91 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.36 | $1.36 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.44 | $1.44 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.48 | $1.48 |
| 2013 | $1.21 | $1.21 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Royce Micro Cap Series Fund. 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 Micro Cap Series Fund was 56.86%, occurring on Mar 9, 2009. Recovery took 404 trading sessions.
The current Royce Micro Cap Series Fund drawdown is 8.01%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -56.86% | Nov 1, 2007 | 338 | Mar 9, 2009 | 404 | Oct 13, 2010 | 742 |
| -44.87% | Sep 4, 2018 | 387 | Mar 18, 2020 | 166 | Nov 11, 2020 | 553 |
| -35.84% | Nov 15, 2021 | 217 | Sep 26, 2022 | — | — | — |
| -35.47% | Apr 22, 2002 | 119 | Oct 9, 2002 | 217 | Aug 21, 2003 | 336 |
| -33.87% | Oct 14, 1997 | 258 | Oct 8, 1998 | 363 | Mar 2, 2000 | 621 |
Volatility
Volatility Chart
The current Royce Micro Cap Series Fund volatility is 7.18%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.