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.
Will RYTRX 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 RYTRX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the RYTRX 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 RYTRX’s parent organization’s priorities and whether they’re in line with investors’ interests.