Morningstar® Investment Profile™   Morningstar®
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Royce Capital Micro-Cap Inv
Release date as of 2022-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2022-05-31
Out of 583
Small Blend Funds
Morningstar®
Style Box™
What is this?
As of 2022-03-31
Total Fund Assets ($ Mil)
130.08
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks long-term growth of capital.
Normally, the fund invests at least 80% of its net assets in equity securities of micro-cap companies. Although the fund normally 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. It may invest in other investment companies that invest in equity securities.
  Morningstar Category: Small Blend
Small-blend portfolios favor U.S. firms at the smaller end of the market-capitalization range. Some aim to own an array of value and growth stocks while others employ a discipline that leads to holdings with valuations and growth rates close to the small-cap averages. Stocks in the bottom 10% of the capitalization of the U.S. equity market are defined as small cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate. 
  Investment Risks
Small Cap Funds: Smaller companies typically have higher risk of failure, and are not as well established as larger blue-chip companies. Historically, the smaller company stocks have experienced a greater degree of market volatility than the overall market average.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 84.3
Bullet Non-U.S. Stocks Non-U.S. Stocks 12.5
Bullet Bonds Bonds 0.0
Bullet Cash Cash 3.2
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2022-03-31
Morningstar Equity Sectors
% of Stocks
Cyclical 30.18
Basic Materials 3.49
Consumer Cyclical 11.47
Financial Services 14.72
Real Estate 0.50
Sensitive 57.71
Communication Services 4.19
Energy 2.61
Industrials 27.81
Technology 23.10
Defensive 12.10
Consumer Defensive 0.70
Healthcare 11.40
Utilities 0.00
Data through 2022-03-31
Holding Status
Total Number of Stock Holdings 130
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 11.70
Turnover % (as of 2021-12-31) 25.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Assets
Major Drilling Group International Inc --- 1.40
Cutera Inc --- 1.24
Bioventus Inc Class A --- 1.18
Century Casinos Inc 12.14 1.16
Harvard Bioscience Inc --- 1.15
Digi International Inc 65.00 1.15
Photronics Inc 14.89 1.11
Haynes International Inc 30.12 1.11
Transcat Inc 42.26 1.10
Sprott Inc --- 1.10
Data through 2022-03-31
  Principal Risks   
Currency, Foreign Securities, Loss of Money, Not FDIC Insured, Country or Region, High Portfolio Turnover, Market/Market Volatility, Equity Securities, Industry and Sector Investing, Other, Management, Small Cap
Show Risk Definitions
  Other Information
Inception Date: 1996-12-27
Portfolio Manager(s)
James P. Stoeffel   (2015-05-01)
James Stoeffel joined Royce in 2009 as a Portfolio Manager. Previously he was a Portfolio Manager for a long/short equity private investment vehicle which he co-founded with Messrs. Brown and Hartman (2008-2009), a Portfolio Manager and Investment Policy Committee member at CRM (2001-2008), Director of Research at Palisade Capital Management (1999-2001), Research Analyst and Vice President in Smith Barney's Emerging Growth Stock Research Group (1993-1999) and an Auditor for a number of companies in the financial services industry (1984-1992).
Brendan J. Hartman   (2013-05-01)
Brendan Hartman joined Royce in 2009 as a Portfolio Manager. Previously he was a Portfolio Manager for a long/short equity private investment vehicle which he co-founded with Messrs. Brown and Stoeffel (2008-2009), a Portfolio Manager at CRM (2003-2008), an Analyst at CRM (2001-2003), a Senior Research Analyst at Donaldson, Lufkin & Jenrette (1997-2001) and a Research Analyst at Salomon Brothers (1996-1997).
Investment Advisor(s)
Royce & Associates, LP
Issuer
Franklin Templeton Investments
Subadvisor(s)
---
Show Data Definitions

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