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Royce Opportunity Fund;Investment

Ranked 306 out of 853 in - US Small & Medium Companies over 12 months
All calculations are in USD unless stated

Managed by

William A. Hench

Born in New York in 1964, William Hench attended Adelphi University in his home city. He trained as a certified public accountant with Coopers and Lybrand before joining JP Morgan as a principle on the equities desk. He is currently portfolio manager at Royce & Associates, where he implements a value investment style, focussing on small- and micro-cap companies with low price-to-book and price-to-sales ratios. He seeks to identify companies trading at discounts to his estimate of their worth that fall within one of four distinctive themes: unrecognised asset values; turnarounds; undervalued growth; and interrupted earnings.

Boniface Zaino

A keen skier, Buzz Zaino is a senior portfolio manager at Royce and Associates based in New York. He has been with the firm since 1998 and manages the Royce Opportunities Fund, a US equity portfolio using a value investment style. From 1968 to 1984 he worked at Lehman Brothers, where he was Principal. He then moved to Trust Company of the West (TCW) where he spent 12 years and was the Group Managing Director. A CFA Charterholder, Zaino graduated with an MBA from Columbia University and a degree in economics from Fordham College.

Objective

The Fund seeks long-term growth of capital. The Fund invests primarily in the equity securities of small-cap and micro-cap companies in an attempt to take advantage of what it believes are opportunistic situations for undervalued securities. Normally, the Fund invests at least 65% of its net assets in equity securities.

Showing fund performance globally. You can view performance in individual jurisdictions.

Performance

US Small & Medium Companies over : 31/07/2017 - 31/07/2018

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 -2.5% 6.7%
2017 21.9% 5.2% 2.8% 8.9% 3.5%
2016 29.9% 2.1% 1.1% 13.1% 11.3%
2015 -13.6% 1.1% -0.4% -15.5% 1.6%
2014 -0.5% 3.5% -0.5% -9.0% 6.2%
2013 43.5% 13.3% 4.6% 9.4% 10.7%
2012 22.6% 17.4% -5.3% 4.2% 5.8%
2011 -13.0% 6.7% -3.9% -28.0% 17.9%
2010 33.8% 12.9% -12.0% 12.9% 19.3%
2009 62.1% -12.9% 36.9% 32.1% 3.0%
2008 -45.7% -9.4% -2.1% -4.0% -36.3%
2007 -2.0% 4.5% 7.9% -5.9% -7.7%
2006 18.8% 16.7% -5.9% -0.1% 8.3%
2005 4.8% -4.4% 1.1% 6.1% 2.1%
2004 17.5% 6.0% 1.0% -4.5% 14.9%
2003 72.9% -6.1% 31.9% 16.4% 19.9%
2002 -17.0% 10.1% -6.0% -27.8% 10.9%
2001 17.3% 4.2% 14.7% -19.0% 21.2%
2000 19.9% 20.5% -1.7% 7.5% -5.8%
1999 32.3% -12.1% 31.2% -0.4% 15.3%
1998 4.9% 11.2% -3.2% -20.1% 22.0%
1997 20.8% -1.0% 11.5% 14.8% -4.7%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. United States

Fund Info

  • Launch date19/11/1996
  • Share Class size816Mn
  • Base currencyUSD
  • ISIN US7809058321

Purchase Info

  • Min. initial investment2,000
  • Min. regular additional investment50

Charges

  • Annual management1.00%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in USD).