Royce Opportunity Instl (ROFIX) Fund Ranking and Research

Ranking, Research and Recommendation of Royce Opportunity Instl (ROFIX) Fund

Last Trade: $ on , Change: (0%)

Fund Manager - Boniface A. Zaino

Fund Manager Information

Fund Manager Tenure: 20.9 years
Similar Funds: ROFCX  ROFKX  ROFRX
Fund Family: Royce
Fund Category: Small Value
Fund Performance: May 30, 2016
Fundmojo Fund Grade: D (Score: 0.4)     (What does this score mean?)
Zaino is a managing director and senior portfolio manager of Royce & Associates, LLC. Prior to joining Royce in 1998, he was employed by Trust Company of the West (TCW), where he was the group managing director of the TCW Value Added Funds.  Get more insights on Boniface A. Zaino

Royce Opportunity Instl Fund (ROFIX) Profile

Fund Profile and Description

Royce Opportunity Instl Fund seeks long-term growth of capital. Royce Opportunity Instl Fund invests primarily in the equity securities of small- and micro-cap companies, those with market capitalizations up to $2.5 billion. Although the Fund normally focuses on the securities of companies with market capitalizations up to $2.5 billion, it may, in certain market environments, invest an equal or greater percentage of its assets in securities of larger-cap companies and may invest up to 10% of its assets in foreign securities. Normally, the fund invests at least 65% of its net assets in equity securities.

What we like about Royce Opportunity Instl (ROFIX) Fund

Data for Royce Opportunity Instl Fund (ROFIX) as of May 30, 2016

Royce Opportunity Instl Fund (ROFIX) management has been with Royce Opportunity Instl Fund for 20.9 years
Royce Opportunity Instl Fund (ROFIX) has an annual stock turnover rate of 27.00% vs Small Value average of 58.14%. It is good that Royce Opportunity Instl management does not trade extensively for its return.
Royce Opportunity Instl Fund (ROFIX) has a lower expense ratio than its Small Value average: 1.05% vs 1.33%
Royce Opportunity Instl Fund (ROFIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

What we are cautious about Royce Opportunity Instl (ROFIX) Fund

Data for Royce Opportunity Instl Fund (ROFIX) as of May 30, 2016

Royce Opportunity Instl Fund (ROFIX) has a less-than-ideal short-term performance (1-year return -10.41% vs -3.44% Small Value category median performance)
Royce Opportunity Instl Fund (ROFIX) has a less-than-ideal mid-term performance (3-year return 2.89% vs 6.26% Small Value category median performance)
Royce Opportunity Instl Fund (ROFIX) has a less-than-ideal Long-term performance (5-year return 5.63% vs 7.71% Small Value category median performance)
Royce Opportunity Instl Fund (ROFIX) ratio of up-years vs down years can be improved
Royce Opportunity Instl Fund (ROFIX) has a Morningstar rating of 3 and below
Royce Opportunity Instl Fund (ROFIX) is less safe compared to its Small Value peers
Royce Opportunity Instl Fund (ROFIX) does not have a good risk adjusted return as its 3-year Alpha of -8.56 is worse than category average of -3.94, and its 3-year Sharpe ratio is 0.25
Royce Opportunity Instl Fund (ROFIX) is more volatile than its peers as it has a 3-year Standard Deviation of 16.18 that is higher than category average of 14.31

See Royce Opportunity Instl Fund (ROFIX) performance details as of May 30, 2016

What do you think?

Compare with other top Small Value category mutual funds

Aadditional top Small Value mutual funds for your consideration

Fund	Year to Date	1 Year	3 year	5 year
Royce Opportunity Instl	4.28	-10.41	2.89	5.63
CornerCap Small Cap Value (CSCVX)	4.88	1.57	11.11	9.49	Compare
Dean Small Cap Value (DASCX)	9.15	2.09	8.23	9.21	Compare
Wells Fargo Advantage Spec SmCp Val A (ESPAX)	8.73	1.93	10.67	10.24	Compare

See top fund managers for Small Value Category Funds

Compare with Small Value category ETFs

Some Small Value ETFs for your consideration

ETF	Year to Date	One Year	Three Year
WisdomTree SmallCap Dividend ETF (DES)	8.71%	2.35%	9.27%
SPDR S&P 600 Small Cap Value ETF (SLYV)	8.03%	0.48%	9.10%
First Trust Small Cap Val AlphaDEX ETF (FYT)	0	0	0
iShares Morningstar Small-Cap Value (JKL)	0	0	0
PowerShares Zacks Micro Cap ETF (PZI)	0	0	0

Royce Opportunity Instl (ROFIX) Fund Net Asset

Track net asset change of Royce Opportunity Instl fund (ROFIX)

Date	Net Asset
05/2016	$1.45B
03/2016	$1.47B
02/2016	$1.36B

More historic net asset information on Royce Opportunity Instl Fund (ROFIX)

Royce Opportunity Instl (ROFIX) Fund Portfolio Allocation

Track portfolio allocation change of Royce Opportunity Instl fund (ROFIX)

Date	Cash	Stock	Bond	Other
03/2016	5.16%	93.89%	0.03%	0.92%
12/2015	4.67%	92.19%	0.02%	3.12%
09/2015	4.96%	93.38%	0%	1.66%

Click here to see more historic asset allocation information on Royce Opportunity Instl Fund (ROFIX)

Top 10 Holdings in Royce Opportunity Instl (ROFIX) Fund

Discover what Royce Opportunity Instl Fund (ROFIX) manager is buying

Mar 30, 2016

MUELLER WATER PRODUCTS Common S [1.14%]
Commercial Metals Company Commo [1.09%]
Microsemi Corporation [1.05%]
Advanced Energy Industries, Inc [1.02%]
Astec Industries, Inc. [1.02%]
Mueller Industries, Inc. Common [1.02%]
Encore Wire Corporation [1.01%]
Mercury Systems Inc [0.97%]
NCI Building Systems, Inc. New [0.94%]
Kraton Performance Polymers, In [0.93%]

Dec 30, 2015

Advanced Energy Industries, Inc [1%]
MUELLER WATER PRODUCTS Common S [1%]
Astec Industries, Inc. [0.99%]
Commercial Metals Company Commo [0.97%]
Microsemi Corporation [0.95%]
Mercury Systems Inc [0.93%]
Encore Wire Corporation [0.92%]
Allscripts Healthcare Solutions [0.91%]
Mueller Industries, Inc. Common [0.9%]
Invacare Corporation Common Sto [0.9%]

Sep 29, 2015

TRC Companies, Inc. Common Stoc [1.09%]
Advanced Energy Industries, Inc [1.05%]
Commercial Metals Company Commo [0.96%]
Brooks Automation, Inc. [0.96%]
Microsemi Corporation [0.91%]
Mueller Industries, Inc. Common [0.91%]
EarthLink Holdings Corp. [0.88%]
Mercury Systems Inc [0.85%]
MUELLER WATER PRODUCTS Common S [0.84%]
Kraton Performance Polymers, In [0.83%]

Click here for Stock Holding Change Map in Royce Opportunity Instl Fund (ROFIX)

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Data is provided for informational purposes only, and is not intended for trading purposes. Although data are gathered from sources believed to be reliable, Fund Mojo and its content providers cannot guarantee completeness and accuracy. Performance data quoted represents past performance. Fund Mojo and its content providers accept no liability for reliance on this data.