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Royce Small-Cap Total Return Instl RTRIX

Analyst rating as of
NAV / 1-Day Return
7.97  /  1.14 %
Total Assets
1.1 Bil
Adj. Expense Ratio
Expense Ratio
Fee Level
Longest Manager Tenure
28.66 years
Small Value
Investment Style
Small Value
Min. Initial Investment
TTM Yield

Morningstar’s Fund Analysis RTRIX

Will RTRIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Royce Total Return's New Name and Assistant Portfolio Manager Change Do Not Affect Ratings

Analyst Note

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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.

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