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Managed Fund Since 2021
Equity
RIPNX Royce International Premier Fund
Popular Documents
Overview
Fund Facts
Fund description
Focuses on a limited number of premier non-U.S. small-cap companies (generally market caps up to $5 billion) with discernible competitive advantages, high returns on invested capital, and sustainable, moat-like franchises. Seeks to identify companies with notable strengths in industry structure, competitive positioning, operational efficiency, financial track record, and corporate governance. Outperformed its benchmark, the MSCI ACWI x USA SC Index, in 87% of all monthly rolling 10-year periods since inception through 9/30/24.
- Benchmark
- MSCI AC World Ex-USA Small Cap (Net)
- Fund Inception Date
- 01/03/2011
- Dividend Frequency, if any
- Annually
- Portfolio Turnover
- 22%
Identifiers
- Ticker
- RIPNX
- Fund Number
- 897
- CUSIP Code
- 780811667
Average Annual Total Returns As of 05/31/2026
Investment Class
- 4.64%1 Year
- 3.77%3 Years
- -3.31%5 Years
- 5.23%10 Years
- 5.26%Since Inception
12/31/2010
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.
Top Sectors
As of 03/31/2026 % of Total (Updated Quarterly)
Industrials36.71% | |
Information Technology27.70% | |
Health Care7.12% | |
Financials6.41% | |
Communication Services5.91% |
Additional Fund Info
- Share Class Inception Date
- 01/03/2011
- Investment Style
- Blend
- Lipper Classification
- International Small/Mid-Cap Growth
- Morningstar Category
5 - Foreign Small/Mid Growth
Manager and Commentary
About the Team
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.
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Managed Fund Since 2025
Latest Insights
June 11, 2026
March 18, 2026
Performance
Average Annual Total Returns
As of 05/31/2026
Selected Month May 2026
Investment Class - With Sales Charge (POP) (%)
Month End
As of 05/31/2026
Investment Class - Without Sales Charge (NAV) (%)
Month End
As of 05/31/2026
MSCI AC World Ex-USA Small Cap (Net) (%)
Month End
As of 05/31/2026
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 6
©2026 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 of03/31/2026 (Updated Quarterly)
- Total Net Assets
- $71.92 Million
Positions
As of 03/31/2026 (Updated Quarterly)
Number of Holdings
- Fund
- 59
Portfolio Statistics
As of 03/31/2026 (Updated Quarterly)
Price to Earnings (12-Month Trailing)
- Fund
- 21.05x
- Fund
- 3.15x
- Fund
- $0.00 Million
Sector Allocation
As of 03/31/2026 % of Total (Updated Quarterly)
| Sector | % of Total |
|---|---|
Industrials | 36.71% |
Information Technology | 27.70% |
Health Care | 7.12% |
Financials | 6.41% |
Communication Services | 5.91% |
Materials | 4.93% |
Consumer Discretionary | 2.82% |
Energy | 2.72% |
Real Estate | 1.75% |
Cash & Cash Equivalents | 3.94% |
Holdings
As of 03/31/2026 (Updated Quarterly)
Cash Equivalents
Maruwa
XP Power
Diploma
DiscoverIE Group
Fixed Income Clearing Corporation
BML
Halma
Riken Keiki
USS Co. Ltd.
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
Federal ID Number 27-4284908
For information on tax years prior to 2008, please contact usThese amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Dec 10
Supplemental Tax Information
- Foreign Source Income
- 84.68%
- Foreign Source Qualified Dividends
- 84.68%
- Direct U.S. Government Obligations
- —
- Specified Private Activity Bond Interest
- —
- Dividends Received Deduction
- 0.24%
- Section 163(j)
- —
- Indiana Resident Taxable Income
- —
- Utah Resident Taxable Income
- —
Franklin Templeton and its specialized investment managers and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the promotion or marketing of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Each investor’s tax situation is different, and is based on an individual’s tax bracket, type of account used for investment and other factors. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.
Pricing
Documents
Fund Literature
Factsheet - Royce International Premier Fund - Class Institutional, Investment, Service
Regulatory Documents
Annual Report - Royce International Premier Fund Investment Class
Semi-Annual Report - Royce International Premier Fund Investment Class
Summary Prospectus - Royce International Premier Fund (Institutional, Investment and Service Classes)
Risks
The Fund may invest a significant portion of its assets in foreign companies which may be subject to different risks than investments in securities of U.S. companies, including adverse political, social, economic, or other developments that are unique to a particular country or region. These risk factors may affect the prices of foreign securities issued by companies headquartered in developing countries more than those headquartered in developed countries. Therefore, the prices of the securities of foreign companies in particular countries or regions may, at times, move in a different direction than those of the securities of U.S. companies. The Fund invests primarily in small-cap stocks, which may involve considerably more risk than investing in larger-cap stocks. The Fund also generally invests a significant portion of its assets in a limited number of stocks, which may involve considerably more risk than a more broadly diversified portfolio because a decline in the value of any one of these stocks would cause the Fund's overall value to decline to a greater degree. 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.
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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.
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.