RDVCX — Royce Dividend Value Fund
Data updated: 2026-08-11
RDVCX — Royce Dividend Value Fund. United States Small Cap Value Equity · $32.78M AUM · 2.09% expense ratio. Holdings, fees, performance and SEC filings.
RDVCX Fund Overview
RDVCX — Royce Dividend Value Fund is a US mutual fund managed by Royce Fund, categorised as United States Small Cap Value 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 Small Cap Value Equity
- Assets under management: $32.78M
- 1-year return: -2.9%
- Ticker: RDVCX
- SEC CIK: 0000709364
- SEC series ID: S000009522
- Share class ID: C000139107
RDVCX Investment Objective and Strategy
Royce Dividend Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Royce Fund.
Investment objective
Royce SMid-Cap Total Return Funds investment goals are long-term growth of capital and current income.
Principal investment strategy
Royce Investment Partners (Royce), the Funds investment adviser, invests the Funds assets primarily in equity securities of smid-cap companies that pay dividends and/or return capital to shareholders through other methods that Royce believes are trading below its estimate of their current worth. Smid-cap companies are those that have a market capitalization not greater than that of the largest company in the Russell 2500 Index at the time of its most recent reconstitution. Royce believes that regular dividend payments, and/ or other methods of returning capital to shareholders such as issuer share repurchases, are often a positive signal that may indicate attractive attributes, including a stable business model, shareholder-friendly management, disciplined capital allocation practices, and a conservative financial culture.
The Fund seeks to achieve its investment objectives by primarily investing in companies that pay regular dividends and/ or return capital to shareholders. Royce favors companies that fall into one of three investment themes: Compounder companies possess what Royce believes are outstanding business models, strong financial characteristics, and above-average growth potential. Quality Value companies have attractive profit margins, strong free cash flows, high returns on invested capital, and low leverage that also trade at what Royce believes are attractive valuations. Special Situations are companies that may have complex business models and/or require a catalyst for growth, such as spin offs, turnarounds, and/or unrecognized asset values. The Fund invests at least 80% of its net assets in equity securities of smid-cap companies, under normal circumstances.
In addition, the Fund normally invests at least 65% of its net assets in equity securities issued by companies that make dividend payments to shareholders. Under normal circumstances, the Fund also invests at least 80% of its net assets in equity securities issued by companies that make dividend payments to shareholders and/or employ other methods of returning capital to shareholders (e.g., issuer share repurchases). 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.
RDVCX Holdings
Top 10 holdings of Royce Dividend Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| MSC Industrial Direct Co Inc | 4.06% |
| Andersen Group Inc | 3.52% |
| Silgan Holdings Inc | 3.29% |
| Advance Auto Parts Inc | 3.27% |
| Assured Guaranty Ltd | 3.24% |
| FTAI Aviation Ltd | 3.19% |
| Academy Sports & Outdoors Inc | 3.09% |
| Quaker Chemical Corp | 3.02% |
| Vontier Corp | 2.94% |
| Fixed Income Clearing Corp. | 2.89% |
RDVCX Portfolio Allocation
Asset-class allocation of Royce Dividend Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.9% |
| Cash & Equivalents | 2.9% |
RDVCX Performance
Total returns for RDVCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -2.9% |
| 3 years (annualised) | 17.7% |
RDVCX Risk Information
Risk metrics for RDVCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 26.2%
RDVCX Costs and Fees
RDVCX costs about $209 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.09%
- Gross expense ratio: 3.47%
- Portfolio turnover: 47%
- Brokerage commissions: 10.13 bps of average net assets (SEC N-CEN)
RDVCX Cashflows
Over the 12 months to 2026-06, Royce Dividend Value Fund had net outflows of $19.29M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$200.51K |
| 2026-05 | −$625.41K |
| 2026-04 | −$567.26K |
| 2026-03 | −$233.98K |
| 2026-02 | −$457.77K |
| 2026-01 | −$832.23K |
RDVCX Debt Constituents
No individual debt constituents are reported in Royce Dividend Value Fund's latest SEC N-PORT filing.
RDVCX Prospectus and SEC Filings
Official Royce Dividend Value 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 Small Cap Value 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.