Royce Special Equity's veteran managers and conservative process can still add value despite a new parent firm and unattractive fees. Three of its share classes earn Morningstar Analyst Ratings of Bronze, while a pricier class gets a Neutral.
Royce Special Equity Invmt RYSEX
NAV / 1-Day Return
20.28
/
1.00
%
Total Assets
1.0 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.230%
Expense Ratio
1.230%
Fee Level
Above Average
Longest Manager Tenure
23.40
years
Category
Small Value
Investment Style
Small ValueMin. Initial Investment
2,000
Status
Open
TTM Yield
1.22%
Turnover
39%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will RYSEX 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 RYSEX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the RYSEX 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 RYSEX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A small-value fund for risk-conscious investors.
