Overview
- Fund description
- Reasons to invest
Fund description
Invests primarily in global small-cap stocks that Royce believes are “premier” small-cap companies, those with discernible competitive advantages, high returns on invested capital, and a sustainable franchise. Global small cap companies are those similar in size to companies in the MSCI All Country World (ACWI) Small Cap Index.
Reasons to invest
- Small Cap Opportunities: Focuses on leading quality companies, those with low debt, the ability to generate excess cash flow, and attractive prospects that are selling at prices Royce believes do not fully reflect these attributes.
- Low Research Coverage: Many global small cap stocks have little or no analytical coverage from brokerage firms, potentially increasing the opportunity to find high quality companies selling at valuations that Royce believes understates their true worth.
Portfolio Managers
Performance
- Annualised Performance
- Calendar Year Performance
- Cumulative Performance
- Risk Measures
Annualised Performance
Historical performance is not available for the selected time period. Please revise your search criteria to see available performance.
Calendar Year Performance
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Cumulative Performance
Historical performance is not available for the selected time period. Please revise your search criteria to see available performance.
Risk Measures
Risk Measures
Portfolio
Portfolio Statistics
| Fund | Benchmark | |
|---|---|---|
| Price to Earnings (12-Month Trailing) | 26.46x | 26.55x |
Portfolio Allocations
- Assets
- Geography
- Sector
- Market Capitalization
Assets
Asset Allocation
Chart
Bar chart with 2 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 4.2922 to 95.7078.
0%100%25%50%75%125%
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| Fund | ||
|---|---|---|
| Equity | 95.71% | |
| Cash & Cash Equivalents | 4.29% |
Geography
Geographic Allocation
Chart
Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 0.4933 to 55.9277.
0%20%40%60%
End of interactive chart.
| Fund | Benchmark | ||
|---|---|---|---|
| 52.05% | 55.93% | ||
| 24.12% | 13.57% | ||
| 19.04% | 23.42% | ||
| 0.49% | 3.23% | ||
| 4.29% | — |
Sector
Sector Allocation
Chart
Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 0.3676 to 31.0303.
0%10%20%30%40%
End of interactive chart.
| Fund | Benchmark | ||
|---|---|---|---|
| Capital Goods | 31.03% | 15.15% | |
| Technology Hardware & Equipment | 10.05% | 7.20% | |
| Commercial & Professional Services | 9.50% | 2.72% | |
| Financial Services | 7.77% | 5.56% | |
| Software & Services | 5.83% | 4.36% | |
| Materials | 5.34% | 9.14% | |
| Automobiles & Components | 3.63% | 1.82% | |
| Real Estate Management & Development | 3.62% | 1.91% | |
| Semiconductors & Semiconductor Equipment | 3.30% | 5.09% | |
| Media & Entertainment | 3.24% | 1.96% | |
| Consumer Discretionary Distribution & Retail | 3.09% | 2.66% | |
| Health Care Equipment & Services | 2.53% | 3.43% | |
| Household & Personal Products | 1.99% | 0.37% | |
| Energy | 1.60% | 4.56% | |
| Consumer Durables & Apparel | 1.51% | 2.83% | |
| Transportation | 0.88% | 2.41% | |
| Insurance | 0.81% | 2.56% | |
| Cash & Cash Equivalents | 4.29% | — |
Market Capitalization
Market Capitalization Allocation
Chart
Bar chart with 5 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 7.2779 to 38.8201.
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| Fund | ||
|---|---|---|
| <1.0 Billion | 7.28% | |
| 1.0-2.0 Billion | 8.76% | |
| 2.0-5.0 Billion | 14.85% | |
| 5.0-10.0 Billion | 38.82% | |
| >10.0 Billion | 30.29% |
Portfolio Holdings
- Holdings
- Top Ten Holdings
Holdings
Holdings
Security Name
Cash and Cash Equivalents
Weight (%)
4.62
Market Value
7,348,214
Quantity
Security Name
Diploma PLC ORD GBP0.05
Weight (%)
2.43
Market Value
3,836,933
Quantity
29,847
Security Name
MKS Inc COM USD NPV
Weight (%)
2.29
Market Value
3,612,267
Quantity
9,372
Security Name
Littelfuse Inc COM USD.01
Weight (%)
2.25
Market Value
3,554,803
Quantity
6,475
Security Name
XP Power Ltd ORD GBP.01
Weight (%)
2.24
Market Value
3,542,272
Quantity
109,385
Security Name
FirstService Corp ORD USD NPV
Weight (%)
2.16
Market Value
3,417,467
Quantity
18,802
Security Name
DiscoverIE Group PLC ORD GBP.05
Weight (%)
2.10
Market Value
3,308,587
Quantity
274,185
Security Name
SEI Investments Co COM USD.01
Weight (%)
2.10
Market Value
3,308,732
Quantity
26,862
Security Name
Maruwa Co Ltd/Aichi ORD JPY NPV
Weight (%)
2.08
Market Value
3,277,949
Quantity
5,100
Security Name
Quaker Chemical Corp COM USD1
Weight (%)
2.02
Market Value
3,185,404
Quantity
17,257
Top Ten Holdings
Top Equity Issuers
Chart
Bar chart with 10 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 1.9909 to 2.3854.
0.0%1.0%2.0%3.0%
End of interactive chart.
| Fund | ||
|---|---|---|
| XP POWER LTD | 2.39% | |
| DISCOVERIE GROUP PLC | 2.38% | |
| DIPLOMA PLC | 2.37% | |
| FIRSTSERVICE CORP | 2.13% | |
| QUAKER CHEMICAL CORP | 2.09% | |
| MKS INC | 2.03% | |
| RIKEN KEIKI CO LTD | 2.02% | |
| MARUWA CO LTD/AICHI | 2.01% | |
| CAREL INDUSTRIES SPA | 2.00% | |
| SEI INVESTMENTS CO | 1.99% |
Distribution
Pricing
June 2026
Jun
2026
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June 2026
Jun
2026
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Documents
Documents not available