On May 1, Royce Investment Partners said the name of Royce Opportunity will change to Royce Small-Cap Opportunity on July 1. The change simply emphasizes the strategy's long-standing small-cap focus. The filing also clarifies that the fund typically invests at least 80% of net assets in small-cap securities; former filings said the fund invested at least 65% of net assets in equities (a threshold it always easily met, though it may carry 10% or more in cash). The new name and adjusted prospectus language result in no change to the management team or process, so the strategy's current pillar ratings and Morningstar Analyst Ratings of Neutral or Negative (depending on share class) are not affected.
NAV / 1-Day Return
13.47 / 0.60 %
Adj. Expense Ratio
Longest Manager Tenure
Investment StyleSmall Value
Min. Initial Investment
Morningstar’s Fund Analysis RYOFX
Will RYOFX outperform in future?
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