RYVPX Fees and Costs — Royce Smaller-Companies Growth Fund, Service Class
Data updated: 2026-08-11
The net expense ratio is 1.49%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.32% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $491K in broker commissions, 0.2601% of average net assets, and portfolio turnover was 75%.
RYVPX Fees and Expenses
Annual operating expenses and sales charges of RYVPX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.57% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.49% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
RYVPX Costs Over Time
On $10,000 invested in RYVPX, assuming 5% a year before costs, total costs come to $1,078 over 5 years, cutting the return by 1.84% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.49%) | $156 | $484 | $833 |
| Trading costs (broker commissions) | $27 | $85 | $145 |
| Lost growth on money paid in costs | $0 | $28 | $100 |
| Total costs | $184 | $597 | $1,078 |
| Value after costs | $10,316 | $10,979 | $11,684 |
| Impact on return, per year | 1.84% | 1.84% | 1.84% |
RYVPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2601%
- Total broker commissions: $491K
- Bought from dealers (principal trades, not a cost): $2.6B
- Portfolio turnover (prospectus): 75%
- Securities on loan, average value: $11.4M
- Net income from securities lending: $121K (0.064% of average net assets)
RYVPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Stifel, Nicolaus & Company, Incorporated | $74K | 25.61% |
| Liquidnet, Inc. | $45K | 15.43% |
| BofA Securities, Inc. | $33K | 11.31% |
| Raymond James & Associates, Inc. | $25K | 8.49% |
| UBS Securities LLC | $22K | 7.67% |
| D.A. Davidson & Co. | $21K | 7.35% |
| Wall Street Access Corporation | $20K | 6.76% |
| Goldman Sachs & Co. LLC | $19K | 6.41% |
| Nomura Securities International, Inc. | $16K | 5.68% |
| B. Riley & Co., LLC | $15K | 5.30% |
RYVPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $2.6B | 99.98% |
| BofA Securities, Inc. | $262K | 0.01% |
| Jefferies LLC | $152K | 0.01% |
Royce Smaller-Companies Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RVPHX | Investment Class | 1.02% | none |
| RVPIX | Institutional Class | 1.02% | none |
| RYVPX | Service Class | 1.49% | none |
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.