Royce SMid-Cap Total Return Fund FY 2025 Commentary

The Royce Funds121 FollowersFollow5ShareSavePlay(16min)CommentsSummaryRoyce SMid-Cap Total Return Fund was up 4.0% in 2025 versus a gain of 11.9% for its benchmark, Russell 2500 Index, for the same period.Five of the portfolio’s nine equity sectors made a positive impact on calendar year performance.The sectors making the largest positive contributions were Industrials, Information Technology, and Financials while the largest negative impacts came from Materials, Consumer Discretionary, and Energy. Joseph Kelly/iStock via Getty Images Fund Performance Royce SMid-Cap Total Return Fund was up 4.0% in 2025 versus a gain of 11.9% for its benchmark, Russell 2500 Index, for the same period. Relative results over longer periods were betterThis article was written byThe Royce Funds121 FollowersFollowThe Royce Funds is a small-cap specialist with unparalleled knowledge and experience, offering distinct investment approaches to meet a variety of investors’ goals.