RVPIX Performance — Royce Smaller-Companies Growth Fund, Institutional Class
Data updated: 2026-08-11
RVPIX returned +26.08% year to date and +40.54% over one year to Jun 2026. Annualised returns are +23.29% over 3 years and +5.92% 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 $141 over one year, against $132. Volatility over the past three years was 21.20% a year. In the 12 months to Jun 2026 the fund took in a net $4.2M, and assets reached $238.45M.
RVPIX 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 | RVPIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $141 | $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 |
RVPIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +26.08% |
| 1 year | +40.54% |
| 3 years (annualised) | +23.29% |
| 5 years (annualised) | +5.92% |
RVPIX 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) | +26.08% |
| 2025 | +19.81% |
| 2024 | +22.07% |
| 2023 | +17.34% |
| 2022 | −32.17% |
| 2021 | +8.18% |
| 2020 | +49.71% |
| 2019 (Jul–Dec) | +2.31% |
RVPIX 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 | +1.9% | −0.5% | −6.2% | +12.4% | +7.6% | +9.6% | — | — | — | — | — | — |
| 2025 | +4.7% | −5.1% | −6.6% | +0.5% | +10.5% | +4.2% | +1.0% | +2.6% | +1.0% | +4.1% | −0.1% | +2.3% |
| 2024 | −1.5% | +6.6% | +4.1% | −5.8% | +3.4% | −0.4% | +6.4% | +0.4% | +1.6% | +3.1% | +12.3% | −8.4% |
| 2023 | +11.8% | +1.1% | −2.9% | −3.6% | +0.7% | +8.5% | +4.0% | −5.9% | −8.9% | −8.2% | +12.7% | +10.3% |
| 2022 | −15.4% | −1.6% | +0.1% | −16.0% | −2.9% | −6.0% | +12.7% | +1.1% | −10.2% | +9.1% | +2.1% | −6.9% |
| 2021 | +8.9% | +5.4% | −2.1% | +4.7% | −1.0% | +2.2% | −4.9% | +0.9% | −1.6% | +6.5% | −8.2% | −1.7% |
| 2020 | −0.5% | −5.5% | −18.8% | +17.6% | +9.0% | +4.5% | +4.3% | +8.7% | −3.3% | +0.5% | +17.6% | +13.0% |
| 2019 | — | — | — | — | — | — | +2.6% | −6.4% | −2.2% | +3.0% | +3.4% | +2.2% |
RVPIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 21.20%
- 3-year Sharpe ratio: 0.89 (vs 4.5% risk-free rate)
- Best month: +12.66% (Nov 2023)
- Worst month: −8.90% (Sep 2023)
RVPIX 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 |
RVPIX 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.