The fund's adviser chiefly directs its investments toward the shares of companies with small market capitalizations. Under normal operating conditions, at least 80% of the fund's total value is committed to equity securities of such small-cap firms. Although the portfolio predominantly targets U.S. enterprises, it maintains the option to allocate up to 10% of its net assets (measured at the point of acquisition) to investments in companies headquartered internationally.
What is the expense ratio of RYSEX?
Royce Small-Cap Special Equity Fund (RYSEX) charges an expense ratio of 1.24%. This is the annual fee deducted from fund assets to cover management and operations.
How big is RYSEX?
Royce Small-Cap Special Equity Fund (RYSEX) is one share class of a fund that manages $1.10B across all of its share classes (RSEFX 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 RYSEX actively managed or an index fund?
RYSEX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (RYSEX's is 1.24%) in exchange for the discretion to over- or under-weight positions.
When was RYSEX launched?
Royce Small-Cap Special Equity Fund (RYSEX) launched in April 1998 and is managed by the fund issuer.
How has RYSEX performed?
RYSEX'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.
The fund's adviser chiefly directs its investments toward the shares of companies with small market capitalizations. Under normal operating conditions, at least 80% of the fund's total value is committed to equity securities of such small-cap firms. Although the portfolio predominantly targets U.S. enterprises, it maintains the option to allocate up to 10% of its net assets (measured at the point of acquisition) to investments in companies headquartered internationally.
Cost Verdict
Is RYSEX's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
