Equity

ROFCX Royce Small-Cap Opportunity Fund

Overview

Fund Facts

Fund description

Small-cap value fund that uses an opportunistic approach to invest in companies are categorized into themes: Turnarounds, Unrecognized Asset Values, Undervalued Growth, and Interrupted Earnings. Small-cap stocks' market caps are less than the largest stock in the Russell 2000® Index. Identifies a catalyst for future earnings growth in the form of new management, more favorable business cycle, product innovation, and/or margin improvement.

Benchmark: Russell 2000 Value Index
Additional Benchmark: Russell 2000 Index
Fund Inception Date: 05/04/2007
Dividend Frequency, if any: No
Portfolio Turnover: 51%

Sales Charges, Expenses & Fees

As of 05/01/2026

Gross Expense Ratio: 2.45%
Net Expense Ratio: 2.45%
Maximum Initial Charge: —
CDSC: 1.00%
12b-1 Fee: 1.00%

Identifiers

Ticker: ROFCX
Fund Number: 319
CUSIP Code: 780905378

Average Annual Total Returns As of 05/31/2026

View performance section for additional info As of 05/31/2026

Consultant Class

With Sales Charge (POP)

Without Sales Charge (NAV)

54.81%1 Year
21.48%3 Years
8.05%5 Years
13.63%10 Years
11.69%Since Inception
11/19/1996

Top Sectors

View portfolio section for additional info

As of 03/31/2026 % of Total (Updated Quarterly)

Top Sectors
Industrials25.97%
Information Technology18.99%
Financials12.03%
Energy10.26%
Consumer Discretionary9.52%

Additional Fund Info

Share Class Inception Date: 03/30/2006
Investment Style: Value
Lipper Classification: Small-Cap Core Funds
Morningstar Category: Small Value

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.