Royce Micro Cap Fund Financial Intermediary Class
RMCFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 745 Fifth Avenue New York NY United States of America 10151
- IPO Date
- Aug 30, 2002
- CIK
- 0000709364
- Website
- royceinvest.com
- Similar Companies
- Business
- Royce Micro Cap Fund Financial Intermediary Class (RMCFX) is a mutual fund managed by Royce & Associates, LP, that seeks long-term capital appreciation by investing primarily in a diversified portfolio of equity securities issued by small-cap companies with market capitalizations generally between $100 million and $2.5 billion. The fund employs a value-oriented investment approach, focusing on undervalued micro-cap stocks characterized by strong balance sheets, low price-to-earnings ratios, and experienced management teams; it allocates assets across sectors such as industrials, financials, information technology, consumer discretionary, and health care, while maintaining a non-diversified portfolio to concentrate on high-conviction holdings. Shares are offered through financial intermediaries to retail investors, with distribution primarily in the United States via broker-dealers and registered investment advisors. Founded in 1996 and headquartered in New York City, the fund operates within the U.S. mutual fund industry, targeting individual investors, financial advisors, and institutions seeking exposure to the micro-cap segment of the equity market, which often exhibits higher growth potential alongside elevated volatility. Royce & Associates, the investment adviser and a subsidiary of Legg Mason (now part of Franklin Resources, Inc.), provides research-intensive management with a bottom-up stock selection process emphasizing fundamental analysis and proprietary valuation metrics. In recent years, the fund has undergone portfolio adjustments amid market volatility, including increased emphasis on resilient micro-cap names in cyclical sectors following the 2022-2023 equity downturn; it benefited from Royce & Associates' strategic integration into Franklin Templeton in 2020, enhancing distribution channels and research resources without altering its core small-cap focus. No major acquisitions, funding rounds, or name changes have been reported for RMCFX in the last 1-2 years, though the broader Royce organization expanded its micro-cap offerings with performance enhancements driven by holdings in specialty manufacturing and niche financial services as of late 2025.