RGFIX Performance — Royce Global Financial Services Fund, Institutional Class
Data updated: 2024-08-12
RGFIX returned +21.98% over one year to Jun 2024. Annualised returns are +0.92% over 3 years and +8.29% over 5 years. The fund trailed its Global Financials Equity category average: $100 invested three years ago grew to $103, against $116 for the category, and to $122 over one year, against $126. Volatility over the past three years was 17.59% a year. In the 12 months to Jun 2024 the fund lost a net $685K, and assets reached $29.04M.
RGFIX Growth of $100
What $100 invested in Royce Global Financial Services Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Financials Equity category average over the same months.
| Period | RGFIX | Category average |
|---|---|---|
| 1 year (Jul 2023 – Jun 2024) | $122 | $126 |
| 3 years (Jul 2021 – Jun 2024) | $103 | $116 |
| 5 years (Jul 2019 – Jun 2024) | $149 | $147 |
RGFIX Trailing Returns
Total returns to Jun 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +21.98% |
| 3 years (annualised) | +0.92% |
| 5 years (annualised) | +8.29% |
RGFIX Annual Returns
Calendar-year total returns of Royce Global Financial Services Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Jun) | +9.09% |
| 2023 | +15.72% |
| 2022 | −20.35% |
| 2021 | +20.36% |
| 2020 | +15.18% |
| 2019 (Jul–Dec) | +6.84% |
RGFIX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +0.8% | +4.1% | +2.6% | −2.9% | +4.2% | +0.1% | — | — | — | — | — | — |
| 2023 | +8.8% | −2.8% | −6.7% | +1.7% | −1.7% | +5.0% | +6.0% | −2.9% | −3.7% | −4.8% | +9.9% | +7.8% |
| 2022 | −3.2% | −3.0% | +0.1% | −9.1% | −0.1% | −8.8% | +6.9% | −1.9% | −8.6% | +7.3% | +3.9% | −4.2% |
| 2021 | −0.1% | +7.0% | +4.8% | +5.2% | +1.8% | −1.8% | 0.0% | +1.2% | −3.2% | +5.1% | −3.7% | +3.0% |
| 2020 | −0.8% | −8.0% | −21.9% | +16.0% | +7.8% | +4.4% | +5.2% | +3.0% | −5.7% | +1.1% | +11.8% | +7.2% |
| 2019 | — | — | — | — | — | — | +1.4% | −2.6% | −0.2% | +1.9% | +2.8% | +3.5% |
RGFIX Risk
Risk measures from monthly returns over Jul 2021 – Jun 2024.
- 3-year volatility (annualised): 17.59%
- 3-year Sharpe ratio: -0.20 (vs 4.5% risk-free rate)
- Best month: +9.89% (Nov 2023)
- Worst month: −9.12% (Apr 2022)
RGFIX Fund Flows
Monthly money in and out of Royce Global Financial Services Fund, from SEC Form N-PORT.
- 12-month net flow: −$685K
- 12-month gross sales (incl. reinvestments): $2.4M
- Sales ÷ redemptions: 0.78×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2024 | $49K | $168K | −$119K |
| May 2024 | $45K | $242K | −$198K |
| Apr 2024 | $36K | $250K | −$214K |
| Mar 2024 | $435K | $235K | $200K |
| Feb 2024 | $11K | $163K | −$152K |
| Jan 2024 | $19K | $403K | −$385K |
| Dec 2023 | $1.6M | $508K | $1.1M |
| Nov 2023 | $12K | $124K | −$112K |
| Oct 2023 | $28K | $333K | −$305K |
| Sep 2023 | $24K | $191K | −$166K |
| Aug 2023 | $34K | $105K | −$72K |
| Jul 2023 | $109K | $323K | −$214K |
RGFIX Assets Under Management
Net assets of Royce Global Financial Services Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-06-30 | $29.04M |
| 2024-03-31 | $29.19M |
| 2023-12-31 | $27.46M |
| 2023-09-30 | $25.61M |
| 2023-06-30 | $26.27M |
| 2023-03-31 | $26.04M |
| 2022-12-31 | $26.95M |
| 2022-09-30 | $25.72M |
| 2022-06-30 | $27.30M |
| 2022-03-31 | $34.04M |
| 2021-12-31 | $38.29M |
| 2021-09-30 | $41.02M |
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.