# Royce Small-Cap Opportunity Fund;Service (RYOFX): Mutual Fund Facts & Distributions

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- Issuer: — · Asset class: Equity
- Strategy: Actively Managed · Inception: 2000-05-22

The Royce Opportunity Fund Service Class seeks substantial capital appreciation over an extended period. Its investment adviser strategically deploys the fund's assets predominantly into common stocks of smaller, emerging, and micro-capitalization companies. This approach aims to capitalize on what the adviser identifies as advantageous market conditions for securities believed to be trading below their intrinsic value. Typically, the fund commits at least 65% of its net assets to equity investments. Additionally, it has the discretion to allocate capital to other investment vehicles that a...

## Key Facts

| Metric | Value |
|---|---|
| Price | $17.58 |
| Expense Ratio | 1.49% |
| Assets Under Management | $1.27B |
| NAV | $17.58 (2026-10-30 close) |
| Holdings Count | — |
| Distribution Yield (TTM) | 7.87% |
| Annual Distribution (TTM) | $1.38 /share |
| Distribution Frequency | Annual |
| 52-Week Range | $14.15 – $19.22 |
| Beta | 1.38 |

## Latest Distribution

- Amount: $1.3833 /share
- Ex-date: 2025-12-11
- Pay date: 2025-12-11

## Frequently Asked Questions

### What does RYOFX invest in?

The Royce Opportunity Fund Service Class seeks substantial capital appreciation over an extended period. Its investment adviser strategically deploys the fund's assets predominantly into common stocks of smaller, emerging, and micro-capitalization companies. This approach aims to capitalize on what the adviser identifies as advantageous market conditions for securities believed to be trading below their intrinsic value. Typically, the fund commits at least 65% of its net assets to equity investments. Additionally, it has the discretion to allocate capital to other investment vehicles that also focus on equity securities.

### What is the expense ratio of RYOFX?

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

### How big is RYOFX?

Royce Small-Cap Opportunity Fund;Service (RYOFX) manages $1.27B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

### Is RYOFX actively managed or an index fund?

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

### When was RYOFX launched?

Royce Small-Cap Opportunity Fund;Service (RYOFX) launched in May 2000 and is managed by the fund issuer.

### How has RYOFX performed?

RYOFX'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.

### Does RYOFX pay a dividend?

Royce Small-Cap Opportunity Fund;Service (RYOFX) currently distributes little or no income. Trailing-twelve-month yield is 7.87%. Investors looking for income should consider income-focused alternatives. See the Peers tab.

### How often does RYOFX pay dividends?

Royce Small-Cap Opportunity Fund;Service pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is RYOFX's dividend yield?

RYOFX's trailing-twelve-month yield is 7.87%, calculated from the sum of dividends over the past year divided by the current price.

### When is RYOFX's next ex-dividend date?

The most recently announced ex-dividend date for RYOFX was 2025-12-11. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page.

### How much will RYOFX's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 1.49% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does RYOFX charge its expense ratio?

The expense ratio is deducted in tiny daily slices from RYOFX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does RYOFX cost more than a fund like VOO?

RYOFX is actively managed (current expense ratio 1.49%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether RYOFX's fee is competitive for the active-management cohort.

### Are there cheaper alternatives to RYOFX?

The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as RYOFX (1.49%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/ryofx
- Distribution history: https://www.dividenddata.com/funds/ryofx/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/ryofx/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/ryofx/expenses
- Peer comparison: https://www.dividenddata.com/funds/ryofx/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.