RYOTX Performance — Royce Micro-Cap Fund, Investment Class
Data updated: 2026-08-11
RYOTX returned +45.43% year to date and +67.21% over one year to Jun 2026. Annualised returns are +26.77% over 3 years and +12.54% over 5 years. The fund beat its US Small Value category average: $100 invested three years ago grew to $204, against $153 for the category, and to $167 over one year, against $131. Volatility over the past three years was 22.86% a year. In the 12 months to Jun 2026 the fund took in a net $10.8M, and assets reached $427.88M.
RYOTX Growth of $100
What $100 invested in Royce Micro-Cap 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 | RYOTX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $167 | $131 |
| 3 years (Jul 2023 – Jun 2026) | $204 | $153 |
| 5 years (Jul 2021 – Jun 2026) | $181 | $149 |
| Since data start (Jul 2019 – Jun 2026) | $308 | $213 |
RYOTX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +45.43% |
| 1 year | +67.21% |
| 3 years (annualised) | +26.77% |
| 5 years (annualised) | +12.54% |
RYOTX Annual Returns
Calendar-year total returns of Royce Micro-Cap Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +45.43% |
| 2025 | +13.33% |
| 2024 | +13.37% |
| 2023 | +19.29% |
| 2022 | −22.56% |
| 2021 | +30.99% |
| 2020 | +24.50% |
| 2019 (Jul–Dec) | +9.55% |
RYOTX 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 | +8.9% | +6.3% | −5.6% | +15.6% | +6.6% | +8.1% | — | — | — | — | — | — |
| 2025 | +0.4% | −6.0% | −9.8% | −2.2% | +8.9% | +8.7% | +2.4% | +7.1% | +3.0% | +1.1% | −1.0% | +1.8% |
| 2024 | −4.1% | +6.1% | +2.7% | −7.3% | +8.2% | −2.0% | +9.6% | −2.4% | −1.6% | −2.8% | +13.5% | −4.9% |
| 2023 | +10.6% | −0.5% | −6.9% | −4.9% | +2.2% | +9.9% | +5.2% | −2.5% | −5.6% | −7.3% | +8.1% | +12.4% |
| 2022 | −10.5% | −0.5% | −1.5% | −10.5% | +0.7% | −8.9% | +11.2% | −2.9% | −10.8% | +10.4% | +5.5% | −4.1% |
| 2021 | +4.2% | +12.2% | +0.6% | +3.2% | +1.7% | +1.5% | −0.6% | +1.1% | −2.9% | +5.6% | −1.9% | +3.5% |
| 2020 | −3.0% | −8.0% | −23.5% | +18.5% | +4.3% | +4.8% | +2.4% | +4.4% | −3.8% | +2.5% | +22.6% | +9.0% |
| 2019 | — | — | — | — | — | — | −1.0% | −5.9% | +4.2% | +3.4% | +4.0% | +4.8% |
RYOTX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 22.86%
- 3-year Sharpe ratio: 0.97 (vs 4.5% risk-free rate)
- Best month: +15.58% (Apr 2026)
- Worst month: −9.78% (Mar 2025)
RYOTX Fund Flows
Monthly money in and out of Royce Micro-Cap Fund, from SEC Form N-PORT.
- 12-month net flow: $10.8M
- 12-month gross sales (incl. reinvestments): $58.2M
- Sales ÷ redemptions: 1.23×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $5.3M | $4.2M | $1.1M |
| May 2026 | $4.4M | $4.8M | −$449K |
| Apr 2026 | $3.8M | $4.9M | −$1.2M |
| Mar 2026 | $1.4M | $3.5M | −$2.1M |
| Feb 2026 | $672K | $5.6M | −$5.0M |
| Jan 2026 | $882K | $4.6M | −$3.7M |
| Dec 2025 | $37.6M | $3.7M | $33.8M |
| Nov 2025 | $399K | $3.5M | −$3.1M |
| Oct 2025 | $598K | $3.2M | −$2.6M |
| Sep 2025 | $792K | $2.2M | −$1.4M |
| Aug 2025 | $1.8M | $3.2M | −$1.3M |
| Jul 2025 | $667K | $3.9M | −$3.2M |
RYOTX Assets Under Management
Net assets of Royce Micro-Cap Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $427.88M |
| 2026-03-31 | $322.26M |
| 2025-12-31 | $304.85M |
| 2025-09-30 | $311.76M |
| 2025-06-30 | $281.78M |
| 2025-03-31 | $253.20M |
| 2024-12-31 | $306.45M |
| 2024-09-30 | $305.09M |
| 2024-06-30 | $300.23M |
| 2024-03-31 | $317.30M |
| 2023-12-31 | $312.24M |
| 2023-09-30 | $287.50M |
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.