RYOFX Performance — Royce Small-Cap Opportunity Fund, Service Class
Data updated: 2026-08-11
RYOFX returned +33.75% year to date and +53.48% over one year to Jun 2026. Annualised returns are +20.10% over 3 years and +10.08% over 5 years. The fund beat its US Small Value category average: $100 invested three years ago grew to $173, against $153 for the category, and to $153 over one year, against $131. Volatility over the past three years was 22.35% a year. In the 12 months to Jun 2026 the fund lost a net $38.1M, and assets reached $1.41B.
RYOFX Growth of $100
What $100 invested in Royce Small-Cap Opportunity 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 | RYOFX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $153 | $131 |
| 3 years (Jul 2023 – Jun 2026) | $173 | $153 |
| 5 years (Jul 2021 – Jun 2026) | $162 | $149 |
| Since data start (Jul 2019 – Jun 2026) | $295 | $213 |
RYOFX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +33.75% |
| 1 year | +53.48% |
| 3 years (annualised) | +20.10% |
| 5 years (annualised) | +10.08% |
RYOFX Annual Returns
Calendar-year total returns of Royce Small-Cap Opportunity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +33.75% |
| 2025 | +11.57% |
| 2024 | +10.00% |
| 2023 | +19.26% |
| 2022 | −17.29% |
| 2021 | +30.43% |
| 2020 | +26.29% |
| 2019 (Jul–Dec) | +10.75% |
RYOFX 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 | +9.2% | +2.9% | −5.5% | +15.1% | +3.6% | +5.5% | — | — | — | — | — | — |
| 2025 | +2.3% | −6.4% | −9.0% | −4.4% | +8.8% | +7.3% | +2.0% | +7.6% | +2.9% | +1.7% | −1.6% | +1.6% |
| 2024 | −4.2% | +5.8% | +3.7% | −7.1% | +8.3% | −2.2% | +8.2% | −4.3% | −0.8% | −3.6% | +13.9% | −5.6% |
| 2023 | +13.2% | −1.3% | −5.2% | −3.4% | −1.1% | +11.7% | +3.8% | −3.7% | −5.0% | −7.6% | +8.5% | +10.8% |
| 2022 | −7.0% | +2.9% | −0.5% | −9.0% | +2.1% | −12.1% | +10.8% | −2.4% | −12.4% | +12.4% | +5.2% | −5.0% |
| 2021 | +6.0% | +12.7% | +4.6% | +1.4% | +3.1% | 0.0% | −2.2% | −0.2% | −3.2% | +3.6% | −1.9% | +4.0% |
| 2020 | −5.3% | −8.6% | −27.5% | +17.7% | +5.9% | +4.6% | +7.0% | +6.1% | −2.3% | +3.2% | +23.2% | +9.2% |
| 2019 | — | — | — | — | — | — | +1.0% | −5.5% | +5.6% | +2.0% | +4.1% | +3.5% |
RYOFX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 22.35%
- 3-year Sharpe ratio: 0.70 (vs 4.5% risk-free rate)
- Best month: +15.13% (Apr 2026)
- Worst month: −8.98% (Mar 2025)
RYOFX Fund Flows
Monthly money in and out of Royce Small-Cap Opportunity Fund, from SEC Form N-PORT.
- 12-month net flow: −$38.1M
- 12-month gross sales (incl. reinvestments): $222.9M
- Sales ÷ redemptions: 0.85×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $17.5M | $19.2M | −$1.7M |
| May 2026 | $15.9M | $13.9M | $2.0M |
| Apr 2026 | $12.4M | $17.4M | −$5.0M |
| Mar 2026 | $17.3M | $17.1M | $111K |
| Feb 2026 | $16.5M | $23.8M | −$7.2M |
| Jan 2026 | $7.7M | $21.1M | −$13.4M |
| Dec 2025 | $90.3M | $25.7M | $64.6M |
| Nov 2025 | $18.4M | $17.6M | $889K |
| Oct 2025 | $8.3M | $42.4M | −$34.1M |
| Sep 2025 | $6.8M | $13.9M | −$7.2M |
| Aug 2025 | $5.5M | $25.7M | −$20.2M |
| Jul 2025 | $6.2M | $23.1M | −$16.8M |
RYOFX Assets Under Management
Net assets of Royce Small-Cap Opportunity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.41B |
| 2026-03-31 | $1.12B |
| 2025-12-31 | $1.08B |
| 2025-09-30 | $1.12B |
| 2025-06-30 | $1.04B |
| 2025-03-31 | $978.49M |
| 2024-12-31 | $1.18B |
| 2024-09-30 | $1.23B |
| 2024-06-30 | $1.24B |
| 2024-03-31 | $1.31B |
| 2023-12-31 | $1.29B |
| 2023-09-30 | $1.25B |
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.