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Legg Mason Royce US Small Cap Opp A Dis A USD

Ranked 657 out of 850 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.

Objective

The Fund seeks to achieve long-term capital appreciation by investing at least 70% of its Total Asset Value in a diversified portfolio of equity securities issued by small- and micro-cap U.S. companies (market capitalisations of less than USD 3 billion). The Sub-Investment Manager attempts to take advantage of what it believes are opportunistic situations for undervalued securities.

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

Performance

US Small & Medium Companies over : 30/09/2017 - 30/09/2018

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 -2.9% 5.9% 1.2%
2017 20.8% 4.2% 2.2% 9.5% 3.7%
2016 28.8% 2.4% 1.7% 12.4% 10.2%
2015 -13.8% 1.3% -0.1% -16.2% 1.7%
2014 -2.2% 3.1% -0.3% -10.3% 6.0%
2013 40.5% 13.2% 3.6% 9.2% 9.7%
2012 21.5% 17.6% -5.6% 3.3% 5.9%
2011 -12.4% 7.3% -3.8% -27.8% 17.5%
2010 34.0% 12.7% -11.8% 12.4% 20.0%
2009 59.1% -13.7% 35.7% 31.7% 3.2%
2008 -47.7% -11.6% -2.2% -3.9% -37.1%
2007 -4.6% 3.9% 6.7% -6.5% -8.0%
2006 17.9% 16.0% -5.8% 0.0% 7.9%
2005 3.5% -4.5% 0.7% 6.1% 1.4%
2004 16.8% 5.9% 1.3% -5.0% 14.6%
2003 83.4% -2.5% 33.4% 18.0% 19.6%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/08/2018

Top 10 Holdings

Stock Size
Western Asset Liquidity USD WA Dis 5.16%
Mallinckrodt Plc ORD 1.14%
CareDx Inc ORD 1.12%
Comtech Telecommunications Corp ORD 1.05%
Ciena Corp ORD 1.02%
Carpenter Technology Corp ORD 0.96%
KEMET Corp ORD 0.95%
Allegheny Technologies Inc ORD 0.89%
Unisys Corp ORD 0.89%
Fabrinet ORD 0.87%
31/08/2018

Registered For Sale In

  1. Austria
  2. Belgium
  3. Chile
  4. France
  5. Germany
  6. Hong Kong
  7. Ireland
  8. Italy
  9. Luxembourg
  10. Macau
  11. Singapore
  12. Spain
  13. Sweden
  14. Switzerland
  15. Taiwan
  16. United Kingdom

Fund Info

  • Launch date08/11/2002
  • Share Class size104Mn
  • Base currencyUSD
  • ISIN IE0031619046

Purchase Info

  • Min. initial investment1,000
  • Min. regular additional investment0

Charges

  • Annual management1.50%

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