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Royce Opportunity Instl (ROFIX) Fund Ranking and Research
Ranking, Research and Recommendation of Royce Opportunity Instl (ROFIX) Fund
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Last Trade: $ on , Change: (0%)
Fund Manager - Boniface A. Zaino
Fund Manager Information
Fund Manager Tenure: 20.9 yearsSimilar 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
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 |
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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 |
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% |
Top 10 Holdings in Royce Opportunity Instl (ROFIX) Fund
Discover what Royce Opportunity Instl Fund (ROFIX) manager is buying
Click here for Stock Holding Change Map in Royce Opportunity Instl Fund (ROFIX)
Latest News on Royce Opportunity Instl (ROFIX) Fund
See what is happening with Royce Opportunity Instl Fund (ROFIX)
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See more information on Royce Opportunity Instl (ROFIX) Fund
Popular pages on Royce Opportunity Instl (ROFIX) Fund
- Royce Opportunity Instl (ROFIX) Fund Research and Recommendation
- Royce Opportunity Instl (ROFIX) Fund Performance Data
- Royce Opportunity Instl (ROFIX) Fund Manager Information
- Historic Royce Opportunity Instl (ROFIX) Fund Asset Allocation Report
- Historic Royce Opportunity Instl (ROFIX) Fund Top 10 Holding Tracking
- Historic Royce Opportunity Instl (ROFIX) Fund Asset Under Management Tracking