Fund Facts  

Inception Date: Jan 3, 2002
Ticker Symbol: RYTFX
Morningstar Category:Small Blend
As of Mar 31, 2016
Fund Net Assets ($millions) $2,818

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term growth of capital and current income.

Principal Investment Strategies  

Normally, the fund invests at least 65% of its net assets in equity securities. At least 90% of these securities will produce dividend or interest income to the fund, and at least 65% will be issued by companies with stock market capitalizations up to $3 billion at the time of investment.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Royce Total Return Servicea5.16%5.16%-4.33%5.56%6.50%5.22%7.80%
Russell 2000 Indexa,b-1.52%-1.52%-9.76%6.84%7.20%5.26%N/A
Morningstar Small Blenda,c0.56%0.56%-8.14%6.41%6.74%5.15%N/A

Fund past performance, as shown, is no guarantee of how the fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total expensesa1.48%

 

a. Returns and/or expenses provided by Morningstar, Inc. Copyright © 2016. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. ICMA-RC does not independently verify Morningstar data.

b. The Russell 2000® Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000® Index is a subset of the Russell 3000® Index, and includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.

c. The Morningstar Category Average is the equal-weighted average return of all funds per category, as identified by Morningstar, Inc.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Mar 3, 2016Mar 3, 2016$0.015000000
Dec 17, 2015Dec 17, 2015$1.650400000
Sep 3, 2015Sep 3, 2015$0.025000000
Jun 4, 2015Jun 4, 2015$0.030000000
Mar 5, 2015Mar 5, 2015$0.035000000
Dec 17, 2014Dec 17, 2014$1.717600000
Sep 4, 2014Sep 4, 2014$0.015000000
Jun 5, 2014Jun 5, 2014$0.015000000
Mar 6, 2014Mar 6, 2014$0.015000000
Dec 5, 2013Dec 5, 2013$1.416800000
Sep 5, 2013Sep 5, 2013$0.020000000
Jun 6, 2013Jun 6, 2013$0.030000000
Mar 7, 2013Mar 7, 2013$0.025000000
Dec 6, 2012Dec 6, 2012$0.678300000
Sep 6, 2012Sep 6, 2012$0.025000000
Jun 7, 2012Jun 7, 2012$0.035000000
Mar 8, 2012Mar 8, 2012$0.025000000
Dec 8, 2011Dec 8, 2011$0.146500000
 

Morningstar Information

Morningstar Rating   As of Mar 31, 2016
Period Stars Category Size
Overall 3 Stars643
3-Year 3 Stars643
5-Year 3 Stars562
10-Year 4 Stars370

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Mar 31, 2016
Equity Stylebox
Small Blend
Allocation of Assets As of Dec 31, 2015
Type of Asset Percent
Equity92%
Fixed Income0%
Cash/Other8%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Dec 31, 2015
Asset ClassPercent
Domestic Stock85.9%
Foreign Stock6.1%
Domestic Bond0.1%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash1.2%
Other6.8%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of Dec 31, 2015
SectorPercent
Financial Services22.8%
Industrials21.6%
Consumer Cyclical15.2%
Technology8.8%
Basic Materials7.4%
Healthcare5.9%
Consumer Defensive4.6%
Utilities2.0%
Energy1.9%
Communication Services1.1%
Real Estate0.6%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Holdings As of Dec 31, 2015
Holding NamePercent
E-L Financial Corp Ltd1.4%
Markel Corporation1.4%
Erie Indemnity Co Class A1.3%
Owens & Minor Inc1.2%
ManpowerGroup1.2%
Balchem Corp1.2%
Gentex Corp1.2%
Quaker Chemical Corp1.1%
Ritchie Bros Auctioneers Inc1.1%
Tennant Co1.1%
 

Statistics

Portfolio Statistics As of Mar 31, 2016
Statistic3-Year5-Year
Beta0.790.78
Alpha0.060.67
Standard Deviation12.7913.56
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.