RAAFX — Royce Premier Fund
Data updated: 2026-08-11
RAAFX — Royce Premier Fund. United States Mid Cap Value Industrials Equity · $1.15B AUM · 1.49% expense ratio. Holdings, fees, performance and SEC filings.
RAAFX Fund Overview
RAAFX — Royce Premier Fund is a US mutual fund managed by Royce Fund, categorised as United States Mid Cap Value Industrials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Royce Fund
- Category: United States Mid Cap Value Industrials Equity
- Assets under management: $1.15B
- Ticker: RAAFX
- SEC CIK: 0000709364
- SEC series ID: S000009505
- Share class ID: C000226581
RAAFX Investment Objective and Strategy
Royce Premier Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Royce Fund.
Investment objective
Royce Premier Funds investment goal is long-term growth of capital.
Principal investment strategy
Royce Investment Partners (Royce), the Funds investment adviser, invests the Funds assets in a limited number (generally less than 100) of equity securities of primarily small-cap companies at the time of investment. Small-cap companies are those that have a market capitalization not greater than that of the largest company in the Russell 2000 Index at the time of its most recent reconstitution. Royce looks for companies that it considers premierthose that it believes are trading below its estimate of their current worth that also have excellent business strengths, strong balance sheets and/or improved prospects for growth, the potential for improvement in cash flow levels and internal rates of return, and franchise durability. The Fund invests at least 80% of its net assets in equity securities of such premier companies, under normal circumstances.
At least 65% of these equity securities will be issued by small-cap companies at the time of investment. The Fund may continue to hold or, in some cases, build positions in companies with higher market capitalizations. Although the Fund generally focuses on securities of U.S. companies, it may invest up to 25% of its net assets (measured at the time of investment) in equity securities of companies headquartered in foreign countries. The Fund may invest in other investment companies that invest primarily in equity securities. The Fund may sell securities to, among other things, secure gains, limit losses, redeploy assets into what Royce deems to be more promising opportunities, and/or manage cash levels in the Funds portfolio.
RAAFX Holdings
Top 10 holdings of Royce Premier Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fixed Income Clearing Corp. | 4.52% |
| MKS Inc | 4.51% |
| Arcosa Inc | 3.77% |
| JBT Marel Corp | 3.58% |
| Quaker Chemical Corp | 3.39% |
| RBC Bearings Inc | 3.35% |
| RB Global Inc | 3.16% |
| FirstService Corp | 3.10% |
| ESCO Technologies Inc | 2.82% |
| Littelfuse Inc | 2.78% |
RAAFX Portfolio Allocation
Asset-class allocation of Royce Premier Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 95.5% |
| Cash & Equivalents | 4.5% |
RAAFX Performance
Total returns for RAAFX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 23.5% |
| 1 year | 31.2% |
| 3 years (annualised) | 12.9% |
| 5 years (annualised) | 8.0% |
RAAFX Risk Information
Risk metrics for RAAFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.6%
RAAFX Costs and Fees
RAAFX costs about $149 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.49%
- Gross expense ratio: 1.64%
- Portfolio turnover: 20%
- Brokerage commissions: 3.66 bps of average net assets (SEC N-CEN)
RAAFX Cashflows
Over the 12 months to 2026-06, Royce Premier Fund had net outflows of $82.12M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$7.85M |
| 2026-05 | −$7.24M |
| 2026-04 | −$12.56M |
| 2026-03 | −$9.95M |
| 2026-02 | −$6.03M |
| 2026-01 | −$14.24M |
RAAFX Debt Constituents
No individual debt constituents are reported in Royce Premier Fund's latest SEC N-PORT filing.
RAAFX Prospectus and SEC Filings
Official Royce Premier Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-30
- Prospectus (485BPOS) — filed 2025-04-29
- Prospectus (485BPOS) — filed 2024-04-29
- Portfolio holdings (N-PORT) — filed 2026-08-11
- Portfolio holdings (N-PORT) — filed 2026-05-21
- Portfolio holdings (N-PORT) — filed 2026-02-12
- Annual census (N-CEN) — filed 2026-03-11
- Annual census (N-CEN) — filed 2025-03-06
Related Funds
Other United States Mid Cap Value Industrials Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.