On May 1, Royce Investment Partners said the name of Royce Total Return will change to Royce Small-Cap Total Return on July 1. The change simply emphasizes the strategy's long-standing small-cap focus. The filing also clarifies that the fund typically invests at least 80% of net assets in small-cap securities; former filings generically said the fund invested at least 65% of net assets in equities (a threshold it always easily cleared). The update drops language about investing at least 90% of that 65% of net assets in dividend- or interest-paying securities, but dividends remain central to lead manager Miles Lewis' approach.
Royce Small-Cap Total Return Instl RTRIX
NAV / 1-Day Return
7.97
/
1.14
%
Total Assets
1.1 Bil
Adj. Expense Ratio
1.150%
Expense Ratio
1.150%
Fee Level
High
Longest Manager Tenure
28.66
years
Category
Small Value
Investment Style
Small ValueMin. Initial Investment
1,000,000
Status
Open
TTM Yield
1.08%
Turnover
64%
Morningstar’s Fund Analysis RTRIX
Will RTRIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RTRIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the RTRIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of RTRIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Royce Total Return's New Name and Assistant Portfolio Manager Change Do Not Affect Ratings
