Fund Facts  

Inception Date: Jan 3, 2002
CUSIP: 780905642
Ticker Symbol: RYTFX
Morningstar Category:Small Blend
As of Sep 30, 2017
Fund Net Assets ($millions) $2,479

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. Although the fund normally focuses on securities of U.S. companies, it may invest up to 25% of its net assets (measured at the time of investment) in securities of companies headquartered in foreign countries.

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 Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Sep 30, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Royce Total Return Servicea5.86%8.54%18.84%10.02%11.81%6.89%8.81%
Russell 2000 Indexa,b5.67%10.94%20.74%12.18%13.79%7.85%N/A
Morningstar Small Blenda,c5.10%8.45%18.91%10.01%12.83%7.19%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.

Fund Expensesa
Gross Expenses1.48%
Net Expenses1.48%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2017 All rights reserved. This information: (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 and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

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 represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Sep 7, 2017Sep 7, 2017$0.015000000
Jun 8, 2017Jun 8, 2017$0.030000000
Mar 2, 2017Mar 2, 2017$0.025000000
Dec 15, 2016Dec 15, 2016$1.185200000
Sep 8, 2016Sep 8, 2016$0.015000000
Jun 2, 2016Jun 2, 2016$0.030000000
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
 

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2017
Period Stars Category Size
Overall 3 Stars653
3-Year 3 Stars653
5-Year 2 Stars554
10-Year 4 Stars393

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product 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 managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Sep 30, 2017
Equity Stylebox
Small Blend
Allocation of Assets As of Jun 30, 2017
Type of Asset Percent
Equity95%
Fixed Income0%
Cash/Other4%

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

 
 

Characteristics

Allocation of Assets As of Jun 30, 2017
Asset ClassPercent
Domestic Stock84.6%
Foreign Stock10.8%
Domestic Bond0.2%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash2.6%
Other1.8%

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

 
Equity Sector As of Jun 30, 2017
SectorPercent
Financial Services27.0%
Industrials26.0%
Consumer Cyclical12.4%
Basic Materials9.1%
Technology7.1%
Healthcare4.0%
Consumer Defensive3.8%
Energy2.8%
Utilities1.9%
Communication Services1.0%
Real Estate0.1%

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

 
Top Ten Holdings As of Jun 30, 2017
Holding NamePercent
Quaker Chemical Corp2.0%
E-L Financial Corp Ltd1.7%
Erie Indemnity Co Class A1.7%
ManpowerGroup Inc1.6%
Tennant Co1.4%
Albemarle Corp1.3%
Thor Industries Inc1.2%
Woodward Inc1.2%
Teleflex Inc1.1%
Alleghany Corp1.1%
 

Statistics

Portfolio Statistics As of Sep 30, 2017
Statistic3-Year5-Year
Beta0.820.81
Alpha-0.050.54
Standard Deviation12.5311.99
 
 

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 © 2017 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.