RVPHX Performance — Royce Smaller-Companies Growth Fund, Investment Class
Data updated: 2026-08-11
RVPHX returned +26.03% year to date and +40.47% over one year to Jun 2026. Annualised returns are +23.30% over 3 years and +5.91% over 5 years. The fund beat its US Small Growth category average: $100 invested three years ago grew to $187, against $156 for the category, and to $140 over one year, against $132. Volatility over the past three years was 21.30% a year. In the 12 months to Jun 2026 the fund took in a net $4.2M, and assets reached $238.45M.
RVPHX Growth of $100
What $100 invested in Royce Smaller-Companies Growth Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Growth category average over the same months.
| Period | RVPHX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $140 | $132 |
| 3 years (Jul 2023 – Jun 2026) | $187 | $156 |
| 5 years (Jul 2021 – Jun 2026) | $133 | $127 |
| Since data start (Jul 2019 – Jun 2026) | $243 | $203 |
RVPHX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +26.03% |
| 1 year | +40.47% |
| 3 years (annualised) | +23.30% |
| 5 years (annualised) | +5.91% |
RVPHX Annual Returns
Calendar-year total returns of Royce Smaller-Companies Growth Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +26.03% |
| 2025 | +19.93% |
| 2024 | +22.15% |
| 2023 | +17.06% |
| 2022 | −32.07% |
| 2021 | +8.08% |
| 2020 | +49.60% |
| 2019 (Jul–Dec) | +2.30% |
RVPHX 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 | +1.8% | −0.5% | −6.2% | +12.3% | +7.6% | +9.7% | — | — | — | — | — | — |
| 2025 | +4.8% | −5.2% | −6.6% | +0.5% | +10.6% | +4.3% | +0.9% | +2.7% | +1.0% | +4.0% | −0.1% | +2.4% |
| 2024 | −1.5% | +6.7% | +4.0% | −5.8% | +3.4% | −0.3% | +6.4% | +0.4% | +1.6% | +3.0% | +12.5% | −8.5% |
| 2023 | +11.6% | +1.1% | −3.0% | −3.7% | +0.7% | +8.6% | +4.1% | −6.0% | −9.0% | −8.2% | +12.7% | +10.3% |
| 2022 | −15.4% | −1.6% | +0.3% | −15.9% | −2.9% | −6.0% | +12.7% | +1.1% | −10.4% | +9.3% | +2.1% | −6.8% |
| 2021 | +8.9% | +5.5% | −2.1% | +4.7% | −1.1% | +2.2% | −4.9% | +1.0% | −1.5% | +6.5% | −8.2% | −1.8% |
| 2020 | −0.5% | −5.6% | −18.7% | +17.5% | +9.0% | +4.5% | +4.4% | +8.7% | −3.4% | +0.5% | +17.5% | +13.0% |
| 2019 | — | — | — | — | — | — | +2.5% | −6.3% | −2.3% | +3.1% | +3.5% | +2.2% |
RVPHX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 21.30%
- 3-year Sharpe ratio: 0.88 (vs 4.5% risk-free rate)
- Best month: +12.69% (Nov 2023)
- Worst month: −9.03% (Sep 2023)
RVPHX Fund Flows
Monthly money in and out of Royce Smaller-Companies Growth Fund, from SEC Form N-PORT.
- 12-month net flow: $4.2M
- 12-month gross sales (incl. reinvestments): $44.8M
- Sales ÷ redemptions: 1.10×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $9.6M | $4.2M | $5.4M |
| May 2026 | $1.2M | $3.1M | −$1.9M |
| Apr 2026 | $313K | $3.0M | −$2.7M |
| Mar 2026 | $471K | $2.7M | −$2.3M |
| Feb 2026 | $315K | $2.8M | −$2.5M |
| Jan 2026 | $2.8M | $3.9M | −$1.1M |
| Dec 2025 | $26.3M | $4.7M | $21.6M |
| Nov 2025 | $236K | $2.4M | −$2.1M |
| Oct 2025 | $1.4M | $3.7M | −$2.2M |
| Sep 2025 | $843K | $3.7M | −$2.8M |
| Aug 2025 | $496K | $2.6M | −$2.1M |
| Jul 2025 | $752K | $3.8M | −$3.1M |
RVPHX Assets Under Management
Net assets of Royce Smaller-Companies Growth Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $238.45M |
| 2026-03-31 | $179.58M |
| 2025-12-31 | $194.82M |
| 2025-09-30 | $194.48M |
| 2025-06-30 | $193.60M |
| 2025-03-31 | $169.48M |
| 2024-12-31 | $188.14M |
| 2024-09-30 | $185.02M |
| 2024-06-30 | $178.11M |
| 2024-03-31 | $190.76M |
| 2023-12-31 | $181.07M |
| 2023-09-30 | $166.83M |
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.