About five months after coming out of semiretirement to train the new managers of Royce Opportunity ROFIX in the wake of his successors’ surprising resignations, strategy architect Buzz Zaino will return to senior advisor status at the end of October 2021. Royce Investment Partners also said it had hired a new assistant manager for the strategy, but the news doesn’t change the fund’s pillar ratings or overall Morningstar Analyst Rating.
Royce Opportunity R ROFRX
NAV / 1-Day Return
14.79
/
0.07
%
Total Assets
1.8 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.
1.870%
Expense Ratio
1.870%
Fee Level
High
Longest Manager Tenure
0.74
years
Category
Small Value
Investment Style
Small ValueMin. Initial Investment
2,000
Status
Open
TTM Yield
0.00%
Turnover
53%
Premium
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 ROFRX 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 ROFRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the ROFRX 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 ROFRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Royce Opportunity Veteran Buzz Zaino Returns to Semiretirement; Ratings Unchanged
