Royce Small-Cap Opportunity FY 2025: What Worked... And What Didn't

The Royce Funds118 FollowersFollow5ShareSavePlay(13min)CommentsSummaryFive of the portfolio’s 10 equity sectors made a positive impact on performance in 2025, with Industrials, IT, and Financials making the largest positive contributions, while Consumer Discretionary, Energy, and Consumer Staples had the biggest negative effect.Our top contributor at the holdings level was nLIGHT, whose shares have outperformed due to upward revisions to the outlook for its aerospace & defense customers.The Fund’s top-detracting position was Lakeland Industries. syahrir maulana/iStock via Getty Images The following segment was excerpted from Royce Small-Cap Opportunity Fund FY 2025 Manager Commentary. Five of the portfolio’s 10 equity sectors made a positive impact on performance in 2025, with Industrials, Information Technology, and Financials making theThis article was written byThe Royce Funds118 FollowersFollowThe Royce Funds is a small-cap specialist with unparalleled knowledge and experience, offering distinct investment approaches to meet a variety of investors’ goals.