Royce SMid-Cap Total Return Fund;Service (RYDVX)
Royce SMid-Cap Total Return Fund;Service operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $2.49, up 0.40% on the session, giving a market capitalisation of $55.9M. Its beta of 0.88 implies it has historically moved less than the broad market.
This investment vehicle is designed to achieve a dual objective: foster long-term capital appreciation and provide a consistent stream of current income. Its dedicated investment advisor, Royce & Associates, LP (known as "Royce"), primarily directs the fund's capital into income-generating equity securities. These are carefully selected from companies with market valuations of up to $15 billion that the advisor believes are undervalued, trading below their intrinsic worth. As a core policy, the fund generally commits at least 80% of its net assets to common stocks that distribute dividends. Moreover, a minimum of 65% of its portfolio will comprise securities from companies whose market capitalization did not exceed $15 billion at the time of the original investment.
Royce SMid-Cap Total Return Fund;Service is most often compared with the following Financial Services names: