RDVIX Performance — Royce SMid-Cap Total Return Fund, Investment Class
Data updated: 2026-08-11
RDVIX returned +15.32% year to date and +20.82% over one year to Jun 2026. Annualised returns are +16.54% over 3 years and +9.62% over 5 years. Against its US Small Value category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $158, against $153 for the category, and to $121 over one year, against $131. Volatility over the past three years was 16.60% a year. In the 12 months to Jun 2026 the fund lost a net $19.3M, and assets reached $32.78M.
RDVIX 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 | RDVIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $121 | $131 |
| 3 years (Jul 2023 – Jun 2026) | $158 | $153 |
| 5 years (Jul 2021 – Jun 2026) | $158 | $149 |
| Since data start (Jul 2019 – Jun 2026) | $209 | $213 |
RDVIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +15.32% |
| 1 year | +20.82% |
| 3 years (annualised) | +16.54% |
| 5 years (annualised) | +9.62% |
RDVIX 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 |
|---|---|
| 2026 (Jan–Jun) | +15.32% |
| 2025 | +4.17% |
| 2024 | +20.10% |
| 2023 | +23.13% |
| 2022 | −13.44% |
| 2021 | +20.47% |
| 2020 | +4.57% |
| 2019 (Jul–Dec) | +7.79% |
RDVIX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +7.3% | +2.5% | −6.1% | +7.5% | −1.6% | +5.6% | — | — | — | — | — | — |
| 2025 | +2.2% | −2.1% | −4.9% | −3.7% | +5.7% | +2.7% | +1.7% | +6.0% | −2.7% | −3.6% | +2.6% | +0.9% |
| 2024 | −0.3% | +7.0% | +3.8% | −5.1% | +3.8% | −2.2% | +10.1% | −1.6% | +1.2% | +0.4% | +7.3% | −4.7% |
| 2023 | +8.0% | −1.2% | 0.0% | −0.2% | −2.6% | +8.1% | +3.6% | −1.7% | −5.2% | −4.9% | +9.8% | +8.9% |
| 2022 | −8.0% | +0.3% | +1.9% | −7.3% | −1.1% | −8.4% | +10.3% | −4.9% | −9.1% | +12.1% | +7.4% | −4.6% |
| 2021 | −0.7% | +6.4% | +5.5% | +5.0% | +2.9% | −2.9% | +1.3% | +0.7% | −5.6% | +5.7% | −3.2% | +4.5% |
| 2020 | −2.1% | −10.7% | −20.8% | +11.2% | +6.9% | +2.4% | +3.6% | +3.5% | −4.0% | +1.1% | +12.8% | +5.5% |
| 2019 | — | — | — | — | — | — | +0.1% | −3.6% | +1.9% | +2.9% | +3.4% | +2.9% |
RDVIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 16.60%
- 3-year Sharpe ratio: 0.73 (vs 4.5% risk-free rate)
- Best month: +10.05% (Jul 2024)
- Worst month: −6.07% (Mar 2026)
RDVIX 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 |
RDVIX 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.