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Looking for Mutual Fund Equity Report Fund? Starting with Royce Global Financial Services Division (RYFSX) should not be possible at this time. RYFSX maintains a Zacks Mutual Fund Rank of 5 (Strong Sell) based on nine predictive factors such as size, expense and past performance.
Fund/manager history
RYFSX is part of the Royce Fund family of funds, a company based in New York, New York. The services division of Royce Global Financial Services was launched in January 2004. Since then, RYFSX has accumulated about $20.41 million in assets, according to the most recent data available. The fund is currently managed by Charles M.
Performance
Of course, investors want strong performance in the money. This fund has delivered a 5-year annualized total return of 4.77% and ranks in the middle third among its category peers. Investors who prefer to analyze shorter time frames should look at their 3-year annualized total return of 6%, which places them in the middle third of this time frame.
When looking at a fund’s performance, it’s also important to note the standard deviation of returns. The lower the standard deviation, the lower the volatility of the fund’s experiences. Over the past three years, RYFSX’s standard deviation comes in at 24.05%, compared to the category average of 22.2%. The fund’s standard deviation over the last 5 years is 20.46%, compared to the category average of 19.35%. This makes the fund more volatile than its peers over the past half-decade.
Risk factors
Investors should note that the fund has a 5-year beta of 1.02, so it can be as volatile as the market. Alpha is an additional measure to consider, as it represents the portfolio’s performance against a risk-adjusted benchmark, in this case, the S&P 500. RYFSX’s 5-year performance yielded a negative alpha of -5.37. This means that managers in this portfolio will have difficulty selecting securities that generate better returns than the benchmark.
expenses
Expenses are very important for mutual fund investments and especially when competition heats up in this market. And all things being equal, a low-cost product outperforms its peers, so keeping a close eye on these metrics is key for investors. In terms of fees, RYFSX is a no-load fund. It has an expense ratio of 1.49% compared to the category average of 1.46%. Looking at the money in terms of costs, RYFSX is certainly more expensive than its peers.
This fund requires a minimum initial investment of $2,000, and each subsequent investment must be at least $50.
at last
Overall, Royce Global Financial Services (RYFSX) has a low Zacks Mutual Fund Rank, and coupled with its relatively similar performance, average losses, and high fees, this fund looks like a somewhat poor choice for investors right now.
Don’t stop here for your research on Mutual Fund Equity Report Funds. We have a lot more on our site to help you find the best fund for your portfolio. For more information on the fund world, visit www.zacks.com/funds/mutual-funds and feel free to compare RYFSX to its peers for additional information. If you want to check out our stock reports, be sure to head over to Zacks.com to see all the great tools we have to offer, including the time-tested Zacks Rank.
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