Royce Small-Cap Special Equity Fund Service Class

Frequently Asked Questions About RSEFX

What does RSEFX invest in?

The fund's investment adviser invests the fund's assets primarily in equity securities of small-cap companies. The fund invests at least 80% of its net assets in equity securities of small-cap companies, under normal circumstances. Although the fund normally focuses on securities of U.S. companies, it may invest up to 10% of its net assets (measured at the time of investment) in securities of companies headquartered in foreign countries.

What is the expense ratio of RSEFX?

Royce Small-Cap Special Equity Fund Service Class (RSEFX) charges an expense ratio of 1.49%. This is the annual fee deducted from fund assets to cover management and operations.

How big is RSEFX?

Royce Small-Cap Special Equity Fund Service Class (RSEFX) is one share class of a fund that manages $1.10B across all of its share classes (RYSEX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is RSEFX actively managed or an index fund?

RSEFX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (RSEFX's is 1.49%) in exchange for the discretion to over- or under-weight positions.

When was RSEFX launched?

Royce Small-Cap Special Equity Fund Service Class (RSEFX) launched in October 2003 and is managed by the fund issuer.

How has RSEFX performed?

RSEFX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.