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Managed Fund Since 2015
Equity
RYMCX Royce Micro-Cap Fund
Popular Documents
Total Net Assets
$304.84M
As of 12/31/2025 (Updated Monthly)
Overview
Fund Facts
Fund description
One of the oldest open-end funds dedicated to investing in micro-cap stocks, which Royce defines as companies with market caps no higher than that of the largest company in the Russell Microcap® Index. Core approach that combines multiple investment themes and offers wide exposure to microcap stocks by investing in companies with strong fundamentals and/or prospects selling at prices that Royce believes do not fully reflect these attributes.
- Benchmark
- Russell Microcap
- Additional Benchmark
- Russell 2000 Index
- Fund Inception Date
- 05/04/2007
- Dividend Frequency, if any
- No
- Portfolio Turnover
- 18%
Identifiers
- Ticker
- RYMCX
- Fund Number
- 312
- CUSIP Code
- 780905774
Average Annual Total Returns As of 12/31/2025
Consultant Class
- 12.18%1 Year
- 14.09%3 Years
- 8.08%5 Years
- 9.23%10 Years
- 9.72%Since Inception
12/31/1991
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 12/31/2025 % of Total (Updated Quarterly)
Industrials25.21% | |
Information Technology21.29% | |
Financials15.70% | |
Health Care12.79% | |
Consumer Discretionary10.35% |
Additional Fund Info
- Share Class Inception Date
- 05/01/1998
- Investment Style
- Small Cap
- Lipper Classification
- Small-Cap Core Funds
- Morningstar Category
7 - Small Blend
Manager and Commentary
About the Team
Royce Investment
Royce Investment Partners specializes in small-cap investing, managing both U.S. and international portfolios for individual investors, financial advisors, and institutions. The firm is generally regarded as a pioneer in small-cap investing. Focusing on this distinctive asset class for more than 45 years has given Royce an unparalleled domain knowledge of the small-company investment universe.
Latest Insights
January 8, 2026
January 8, 2026
January 6, 2026
October 14, 2025
Performance
Calendar Year Returns
As of 12/31/2025
Consultant Class - With Sales Charge (POP) (%)
Consultant Class - Without Sales Charge (NAV) (%)
Russell Microcap (%)
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Ratings 3
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Portfolio
Assets
As of12/31/2025 (Updated Quarterly)
- Total Net Assets
- $304.84 Million
Positions
As of 12/31/2025 (Updated Quarterly)
Number of Holdings
- Fund
- 154
Portfolio Statistics
As of 12/31/2025 (Updated Quarterly)
Price to Earnings (12-Month Trailing)
- Fund
- 19.72x
- Fund
- $0.00 Million
- Fund
- 1.89x
Sector Allocation
As of 12/31/2025 % of Total (Updated Quarterly)
| Sector | % of Total |
|---|---|
Industrials | 25.21% |
Information Technology | 21.29% |
Financials | 15.70% |
Health Care | 12.79% |
Consumer Discretionary | 10.35% |
Energy | 4.76% |
Materials | 4.22% |
Communication Services | 2.48% |
Consumer Staples | 0.78% |
Real Estate | 0.37% |
Cash & Cash Equivalents | 2.03% |
Holdings
As of 09/30/2025 (Updated Quarterly)
Fixed Income Clearing Corporation
Newpark Resources
CECO Environmental Corp
Sprott
Natural Gas Services Group
LightPath Technologies Cl. A
nLight Inc
Northwest Pipe Company
Astronics Corporation
Bel Fuse Cl. B
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
Federal ID Number 13-6981564
For information on tax years prior to 2008, please contact us2025 tax information will be available in early February
These amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Data not currently available.
Pricing
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Royce Micro-Cap Fund - Class Consultant | |||
| Factsheet - Royce Micro-Cap Fund - Class Investment, Service |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Royce Micro-Cap Fund Consultant Class | |||
| Semi-Annual Report - Royce Micro-Cap Fund Consultant Class | |||
| Summary Prospectus - Royce Micro-Cap Fund (Consultant Class) |
Risks
The Fund invests primarily in micro-cap stocks, which may involve considerably more risk than investing in larger-cap stocks. The Fund’s broadly diversified portfolio does not ensure a profit or guarantee against loss. The Fund may invest up to 25% of its net assets in foreign securities (measured at the time of investment), which may involve political, economic, currency, and other risks not encountered in U.S. investments. These and other risks are discussed in the fund’s prospectus.
Important Information
Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total returns, distribution rate, and yields reflect any applicable expense reductions and fee waivers; without these reductions, the results would have been lower.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
Royce & Associates, LP primarily conducts its business under the name Royce Investment Partners.
The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe.
Source: FTSE.