An abrupt manager change drops the Morningstar Analyst Ratings for the cheapest share class of U.S.-based Royce Opportunity and the clean X share class of its Ireland-domiciled clone, Legg Mason Royce US Small Cap Opportunity, to Neutral from Bronze; their pricier shares range from Neutral to Negative.
Will RYPNX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RYPNX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the RYPNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of RYPNX’s parent organization’s priorities and whether they’re in line with investors’ interests.