Legg Mason Royce US Small Cap Opp A Dis A USD

Ranked 70 out of 70 in - US Small & Medium Companies over 12 months
All calculations are in GBP unless stated

Managed by

Suzanne Franks

William A. Hench

Born in New York in 1964, William Hench attended Adelphi University in his home city. He trained as a certified public accountant with Coopers and Lybrand before joining JP Morgan as a principle on the equities desk. He is currently portfolio manager at Royce & Associates, where he implements a value investment style, focussing on small- and micro-cap companies with low price-to-book and price-to-sales ratios. He seeks to identify companies trading at discounts to his estimate of their worth that fall within one of four distinctive themes: unrecognised asset values; turnarounds; undervalued growth; and interrupted earnings.

Robert Kosowsky

Objective

The Fund seeks to achieve long-term capital appreciation by investing at least 70% of its Total Asset Value in a diversified portfolio of equity securities issued by small- and micro-cap U.S. companies (market capitalisations of less than USD 3 billion). The Sub-Investment Manager attempts to take advantage of what it believes are opportunistic situations for undervalued securities.

Showing fund performance in United Kingdom View performance globally

Performance

US Small & Medium Companies over : 31/05/2018 - 31/05/2019

Total Return

Quarterly Performance

to 31/03/2019 Annual Q1 Q2 Q3 Q4
2019 11.6%
2018 -16.5% -6.4% 12.5% 2.5% -22.6%
2017 10.4% 3.0% -1.7% 6.0% 2.8%
2016 53.7% 5.0% 9.3% 15.6% 15.8%
2015 -8.8% 6.4% -5.7% -13.0% 4.5%
2014 3.9% 2.5% -2.8% -5.3% 10.2%
2013 37.9% 21.2% 3.7% 2.2% 7.3%
2012 16.1% 14.4% -3.8% 0.3% 5.2%
2011 -11.7% 4.8% -4.0% -25.6% 17.8%
2010 38.3% 20.0% -10.6% 6.7% 20.8%
2009 41.7% -13.4% 18.1% 35.6% 2.2%
2008 -27.6% -11.4% -2.3% 7.3% -22.0%
2007 -6.2% 3.7% 4.3% -8.0% -5.8%
2006 3.4% 14.8% -11.7% -1.0% 3.0%
2005 15.8% -3.0% 6.2% 7.5% 4.5%
2004 8.9% 3.2% 2.7% -4.8% 8.0%
2003 65.0% -0.7% 27.8% 17.2% 11.0%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/04/2019

Top 10 Holdings

Stock Size
Western Asset Liquidity USD WA Dis 2.86%
Herc Holdings Inc ORD 1.06%
Alpha and Omega Semiconductor Ltd ORD 0.91%
LGI Homes Inc ORD 0.89%
Meritor Inc ORD 0.88%
KEMET Corp ORD 0.88%
Comtech Telecommunications Corp ORD 0.88%
Talos Energy Inc ORD 0.85%
Northwest Pipe Co ORD 0.84%
Granite Construction Inc ORD 0.83%
30/04/2019

Registered For Sale In

  1. Austria
  2. Belgium
  3. Chile
  4. France
  5. Germany
  6. Hong Kong
  7. Ireland
  8. Italy
  9. Luxembourg
  10. Macau
  11. Singapore
  12. Spain
  13. Sweden
  14. Switzerland
  15. Taiwan
  16. United Kingdom

Fund Info

  • Launch date08/11/2002
  • Share Class size70Mn
  • Base currencyUSD
  • ISIN IE0031619046

Purchase Info

  • Min. initial investment1,000
  • Min. regular additional investment0

Charges

  • Annual management1.50%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).