An abrupt manager change drops the Morningstar Analyst Ratings for the cheapest share class of U.S.-based Royce Opportunity and the clean X share class of its Ireland-domiciled clone, Legg Mason Royce US Small Cap Opportunity, to Neutral from Bronze; their pricier shares range from Neutral to Negative.
Royce Opportunity Consult ROFCX
NAV / 1-Day Return
15.76
/
0.57
%
Total Assets
2.0 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
2.450%
Expense Ratio
2.450%
Fee Level
High
Longest Manager Tenure
0.26
years
Category
Small Value
Investment Style
Small ValueMin. Initial Investment
2,000
Status
Open
TTM Yield
0.00%
Turnover
53%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will ROFCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ROFCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the ROFCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of ROFCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A less-than-ideal transition.
