Investment objective & strategy
As of April 29, 2025 · prospectusObjective. Royce Smaller-Companies Growth Funds investment goal is long-term growth of capital.
Strategy. Royce Investment Partners (Royce), the Funds investment adviser, invests the Funds assets primarily in equity securities of companies with stock market capitalizations up to $7.5 billion that it believes have above-average growth prospects. Royce also considers the extent to which such companies are trading below its estimate of their current worth and/or have the potential for higher internal rates of return or improved profit margins. The Fund invests at least 80% of its net assets in equity securities of companies with stock market capitalizations up to $7.5 billion, under normal circumstances. The Fund may continue to hold or, in some cases, build positions in companies with market capitalizations of more than $7.5 billion. Although the Fund generally focuses on securities … Royce Investment Partners (Royce), the Funds investment adviser, invests the Funds assets primarily in equity securities of companies with stock market capitalizations up to $7.5 billion that it believes have above-average growth prospects. Royce also considers the extent to which such companies are trading below its estimate of their current worth and/or have the potential for higher internal rates of return or improved profit margins. The Fund invests at least 80% of its net assets in equity securities of companies with stock market capitalizations up to $7.5 billion, under normal circumstances. The Fund may continue to hold or, in some cases, build positions in companies with market capitalizations of more than $7.5 billion. Although the Fund generally focuses on securities of U.S. companies, it may invest up to 25% of its net assets (measured at the time of investment) in securities of companies headquartered in foreign countries. The Fund may invest in other investment companies that invest primarily in equity securities. The Fund may sell securities to, among other things, secure gains, limit losses, redeploy assets into what Royce deems to be more promising opportunities, and/or manage cash levels in the Funds portfolio.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| FIXED INC CLEARING CORP.REPO | — | $11.07M | 6.17% |
| Federated Government Obligations Fund | — | $5.76M | 3.21% |
| AXSOME THERAPEUTICS INC | — | $4.73M | 2.64% |
| STRATA CRITICAL MEDICAL INC | — | $4.53M | 2.52% |
| FLOTEK INDUSTRIES INC | — | $4.33M | 2.41% |
| SEACOAST BANKING CORP FLORIDA | — | $4.30M | 2.40% |
| IMPINJ INC | — | $3.88M | 2.16% |
| ADTRAN HOLDINGS INC | — | $3.85M | 2.14% |
| MAGNITE INC | — | $3.84M | 2.14% |
| ONESPAWORLD HOLDINGS LTD | — | $3.49M | 1.94% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Royce Capital Fund - Micro-Cap Portfolio · RCMCX, RCMSX | 19% | 1.18% |
| Royce Micro-Cap Fund · RYOTX, RYMCX, RMCFX | 19% | 1.23% |
| ROYCE MICRO-CAP TRUST, INC. | 16% | — |
Advisers
| Firm | Role |
|---|---|
| Royce Investment Partners | Adviser |
Footnotes
- Expense ratio as of April 29, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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