Royce Premier Fund Service Class
RPFFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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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
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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 Premier Fund Service Class (RPFFX) is an open-end mutual fund that seeks long-term capital growth by investing primarily in a limited number (generally less than 100) of high-quality small-cap equity securities exhibiting competitive advantages, high returns on capital, low debt, excess cash flow generation, and sustainable franchises; it normally allocates at least 80% of net assets to such premier small-cap companies with market capitalizations below the largest stock in the Russell 2000 Index, plus up to 25% in foreign securities, diversified across sectors including industrials, information technology, consumer discretionary, financials, and materials. The fund, part of The Royce Funds family managed by Royce Investment Partners—a specialist in small-cap and micro-cap equity strategies with a value-oriented, bottom-up approach emphasizing balance sheet strength and downside protection—targets individual investors, financial advisors, and institutions through various share classes including investment (RYPRX), service (RPFFX), consultant (RPRCX), institutional (RPFIX), and retirement (RPRRX). Royce Investment Partners, founded in 1972 and headquartered at 745 Fifth Avenue, New York, NY, operates as a subsidiary of Franklin Resources, Inc. (doing business as Franklin Templeton) following the 2020 acquisition of Legg Mason (which had acquired Royce in 2001), with U.S.-focused assets under management complemented by international small-cap offerings and a global footprint serving clients primarily in the United States. In recent years, Royce Premier Fund underwent significant portfolio management transitions, including Steven McBoyle and Lauren Romeo, CFA, assuming co-lead roles effective April 1, 2022, succeeding founder Chuck Royce who shifted to a supporting portfolio manager position after leading since inception; further changes occurred in 2024 when Chuck Royce fully relinquished daily management duties across remaining funds by September 30, transitioning to senior advisor amid firm-wide succession planning that added professionals and management committees. These shifts align with Royce Investment Partners' ongoing evolution under Franklin Templeton, including 2025 year-end distributions for The Royce Funds and quarterly portfolio adjustments amid small-cap market dynamics, such as AI-related opportunities and value-led performance periods. The fund maintains a concentrated portfolio of 52 holdings as of late 2025, with total net assets of $1.07 billion, low 12% turnover, a net expense ratio of 1.49%, and benchmarked against the Russell 2000 Index.