Royce European Smaller Companies Service RISCX Fund

As part of international companies, European companies are another important part of global economy. One of the ways to invest in these companies is using mutual funds. For investor, they should allocate about 10% - 35% of their investment asset in these funds. One of this best international stock is described below. The fund review include Royce European Smaller Companies Service fund yield, category, sales load, investment fund performance, etc.

Royce European Smaller Companies Service (RISCX)

RISCX fund
The Royce European Smaller Companies Service fund objective is to provide long-term growth of capital. This Royce fund generally invests >80% of net assets in the equity securities of companies with market capitalizations of <$5 billion. This European stock fund invests <35% of the net assets in the securities of companies domiciled in "developing countries."

RISCX Fund Details
  • Fund Inception Date: December 29, 2006
  • Ticker Symbol: RISCX
  • CUSIP: 780905311
  • Beta (3yr): 1.07
  • Rank in category (YTD): 69
  • Category: Europe Stock
  • Distribution Rate: 0.95%
  • Net Assets: $ 23.92 million
  • Sales Load: 0%
  • Expense Ratio: 1.69%
  • Capital Gains: N/A
  • Number of Years Up: 3 years
  • Number of Years Down: 1 year
Updated on 9/23/2011

This Royce European Smaller Companies Service fund was introduced to public in December 2006. David M. Nadel is the lead manager of this fund. He has managed this fund since January 2007. The annual expense of this RISCX fund is 1.69%, which is comparable to the average in the Europe Stock category (1.70%). The fund has 0.25% 12b1 fee but it has no front-end sales load. The current dividend yield of this fund is 0.95%. The benchmarks of this fund are MSCI Europe Small Core and Russell Europe Small Cap.

Since its inception, this top international stock fund has recorded 3 positive years return and 1 negative year return. This Europe stock fund has experienced the worst 1-year total return in 2008 with -46.38% and best 1-year total return in 2009 with 57.69%. This fund has return 29.18% over the past year and 8.12% over the past three years. This fund also receives 5 stars rating from Morningstar for its performance. It is also listed as one of the top fund in US News magazine. Currently, the YTD return of this RISCX fund is 1.95%.

To buy this fund online, investor need $2,000 to invest in the brokerage account. Additional investment can be done with $50 minimum. Should you be interested in IRA account, the initial investment is only $1,000. More details about trading or buying of this Best Europe Stock fund; please check with your brokerage. This RISCX is available for purchase from 59 brokerages, include JP Morgan, T Rowe Price, Schwab Retail, Raymond James, Ameritas NTF P, Firstrade, TIAA-Cref NTF, Vanguard NTF, Dreyfus NTF, E Trade Financial, Pershing Fund Center, etc.

As of June 2011, the top 10 holdings of this Royce Funds are Semperit AG Holding (2.5%), Mayr-Melnhof Karton (2.4%), Lamprell (2.2%), Burckhardt Compression Holding (2.1%), Ashmore Group (2.1%), SMA Solar Technology (2.0%), Carl Zeiss Meditec (2.0%), Lewis Group (2.0%), Jupiter Fund Management (2.0%), and Fuchs Petrolub (1.9%). The top five sectors are Health Care, Industrials, Materials, Financial and Information Technology.

Disclosure: No Position

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