RDIIX Performance — Royce SMid-Cap Total Return Fund, Institutional Class
Data updated: 2026-08-11
RDIIX returned −1.93% over one year to Mar 2023. The annualised 3-year return is +18.88%. Against its US Small Value category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $168, against $185 for the category, and to $98 over one year, against $94. Volatility over the past three years was 20.56% a year. In the 12 months to Jun 2026 the fund lost a net $19.3M, and assets reached $32.78M.
RDIIX Growth of $100
What $100 invested in Royce SMid-Cap Total Return Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | RDIIX | Category average |
|---|---|---|
| 1 year (Apr 2022 – Mar 2023) | $98 | $94 |
| 3 years (Apr 2020 – Mar 2023) | $168 | $185 |
| Since data start (Jul 2019 – Mar 2023) | $125 | $135 |
RDIIX Trailing Returns
Total returns to Mar 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −1.93% |
| 3 years (annualised) | +18.88% |
RDIIX Annual Returns
Calendar-year total returns of Royce SMid-Cap Total Return Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Mar) | +6.69% |
| 2022 | −13.48% |
| 2021 | +20.18% |
| 2020 | +4.81% |
| 2019 (Jul–Dec) | +7.64% |
RDIIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +8.2% | −1.4% | 0.0% | — | — | — | — | — | — | — | — | — |
| 2022 | −8.0% | +0.4% | +1.9% | −7.3% | −1.1% | −8.4% | +10.3% | −5.0% | −9.1% | +12.1% | +7.4% | −4.7% |
| 2021 | −0.7% | +6.3% | +5.4% | +5.1% | +2.8% | −2.8% | +1.1% | +0.7% | −5.5% | +5.6% | −3.1% | +4.3% |
| 2020 | −2.0% | −10.7% | −20.9% | +11.4% | +7.0% | +2.3% | +3.7% | +3.6% | −4.1% | +1.1% | +13.0% | +5.5% |
| 2019 | — | — | — | — | — | — | +0.1% | −3.6% | +1.9% | +2.9% | +3.3% | +2.9% |
RDIIX Risk
Risk measures from monthly returns over Apr 2020 – Mar 2023.
- 3-year volatility (annualised): 20.56%
- 3-year Sharpe ratio: 0.70 (vs 4.5% risk-free rate)
- Best month: +12.97% (Nov 2020)
- Worst month: −9.07% (Sep 2022)
RDIIX Fund Flows
Monthly money in and out of Royce SMid-Cap Total Return Fund, from SEC Form N-PORT.
- 12-month net flow: −$19.3M
- 12-month gross sales (incl. reinvestments): $28.6M
- Sales ÷ redemptions: 0.60×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $521K | $722K | −$201K |
| May 2026 | $177K | $802K | −$625K |
| Apr 2026 | $103K | $671K | −$567K |
| Mar 2026 | $180K | $414K | −$234K |
| Feb 2026 | $155K | $612K | −$458K |
| Jan 2026 | $311K | $1.1M | −$832K |
| Dec 2025 | $233K | $4.4M | −$4.1M |
| Nov 2025 | $25.4M | $11.1M | $14.3M |
| Oct 2025 | $400K | $811K | −$411K |
| Sep 2025 | $142K | $25.2M | −$25.0M |
| Aug 2025 | $353K | $1.1M | −$774K |
| Jul 2025 | $623K | $921K | −$298K |
RDIIX Assets Under Management
Net assets of Royce SMid-Cap Total Return Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $32.78M |
| 2026-03-31 | $30.78M |
| 2025-12-31 | $31.29M |
| 2025-09-30 | $44.69M |
| 2025-06-30 | $66.82M |
| 2025-03-31 | $63.28M |
| 2024-12-31 | $70.34M |
| 2024-09-30 | $70.98M |
| 2024-06-30 | $66.02M |
| 2024-03-31 | $68.94M |
| 2023-12-31 | $63.18M |
| 2023-09-30 | $60.07M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.