Name

RHJ Mutual Funds

Legal name

Rice Hall James & Associates, LLC

Website

https://rhjfunds.com

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Micro-Cap Equity Mutual Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Fundamental/Discretionary Equity Long/Short (FSAHAAAA)

Keywords

• Micro-cap equity funds
• Active mutual fund management
• Small-cap investment management
• Bottom-up fundamental research
• No-load mutual funds

Headquarters

HQ city

Mound City

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Mutual Fund Management Fees: The fund generates revenue through management fees embedded in the expense ratio. The Net Expense Ratio is 1.25%, which represents the annual cost to investors. The fund also had a Gross Expense Ratio of 2.65%, with the adviser contractually agreeing to reduce fees until February 28, 2026 to keep expenses at or below 1.25%.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Rice Hall James (d/b/a RHJ Mutual Funds) is an independent, 100% employee-owned investment manager that constructs and offers mutual fund portfolios of US micro- to mid-capitalization stocks, anchored by the RHJ Micro Cap Portfolio (RHJSX). The offering is a no-load mutual fund (with separate IRA and non-retirement account structures) that seeks maximum capital appreciation through a bottom-up, fundamental research approach focused on early recognition of undervalued or undiscovered growth companies within the Russell Microcap Index capitalization range. Distribution is handled both directly and through third-party distributor SEI Investments Distribution Co. (SIDCO), with fund administration provided by SS&C GIDS, Inc.

Product overview

RHJ Mutual Funds operates as a mutual fund company offering investment products focused on micro to small capitalization equities. The primary product is the RHJ Micro Cap Portfolio (RHJSX), a closed micro cap equity fund that has been in existence since July 1, 1994. The fund employs a fundamentally driven, bottom-up research approach to generate alpha and identify early-stage undervalued growth opportunities within the micro-cap universe.

Differentiator

Problem solved

Functional benefit

Brands

• RHJ Micro Cap Portfolio: Micro cap equity fund investing in companies with market capitalizations of $50 million to $2 billion, ticker RHJSX.
• RHJ Small Cap Portfolio

Products and services

• RHJ Micro Cap Portfolio (RHJSX) No-load mutual fund that seeks maximum capital appreciation by investing primarily in US small market capitalization companies with market capitalizations within the range of the Russell Microcap Index (approximately $50 million to $2 billion). Managed using a bottom-up, fundamental research approach focused on early recognition of undervalued or undiscovered growth stocks. Currently closed to new investors. Available with Net Expense Ratio of 1.25%, $2,500 minimum ($500 IRA), $100 subsequent minimum, and a 2.00% redemption fee within 90 days.
• RHJ Small Cap Portfolio Small-cap equity mutual fund managed by Rice Hall James within the firm's micro- to mid-capitalization strategy suite. Evidenced by sub-brand listing, the dedicated sub-page is currently unavailable, and additional product terms are not disclosed in the input.

Quantifiable outcome

• RHJ Micro Cap Portfolio performance: 7.87% (1 Year), 11.46% (3 Year annualized), 12.24% (5 Year annualized), 9.86% (10 Year annualized), 10.75% (Since Inception July 1994 annualized) as of 09/30/2025

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and supporting.

• SEI Investments Distribution Co. (SIDCO)coreChannel Partner/ Reseller/ DistributorSEI Investments Distribution Co. serves as the distributor of Rice Hall James Funds. SIDCO is not affiliated with the investment adviser (Rice Hall James & Associates, LLC). This is a third-party distribution arrangement for the no-load mutual funds. Investors can verify SIDCO's background on FINRA's BROKERCHECK.
• SS&C GIDS, Inc.coreImplementation/ SI/ Consulting PartnerSS&C GIDS, Inc. serves as the fund administrator and transfer agent, processing shareholder transactions, maintaining records, and handling fund distributions. Located in Kansas City, MO.
• United Missouri BanksupportingOthersUnited Missouri Bank serves as the receiving bank for wire transfers to Rice Hall James Funds, with ABA routing number 101000695 for ACH/wire transactions.

Scale indicators4 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Brown Capital Management: Minority- and employee-owned US small/mid-cap growth manager with a long-tenured fundamental bottom-up process and mutual fund vehicles — directly analogous to RHJ's niche, ownership, and process.
• Polen Capital Management: Employee-owned, concentrated US small/mid-cap growth manager with mutual fund products and a fundamental research process — closely aligned with RHJ on ownership, niche focus, and process.
• Ariel Investments: Employee-owned US small/mid-cap value mutual fund manager with a fundamental, bottom-up research process — matches RHJ's ownership ethos and small-cap product orientation.
• Heartland Advisors: US value-oriented small/mid-cap mutual fund manager with a bottom-up fundamental process — comparable in product type (small-cap mutual funds), distribution model, and analytical approach.
• Driehaus Capital Management: Active US small/micro-cap growth manager with mutual fund products and a fundamental, bottom-up research heritage — closely aligned with RHJ's investment philosophy and product category.
• Bridgeway Capital Management: US-based mutual fund sponsor with multiple small-cap and small-cap value strategies using fundamental research — comparable to RHJ in product category and target capitalization range.
• Royce Investment Partners: Long-tenured US micro-cap and small-cap specialist manager offering multiple mutual funds with a fundamental, bottom-up research approach — the closest publicly recognized micro-cap peer to RHJ's strategy and structure.
• Perritt Capital Management: Micro-cap-focused mutual fund sponsor (Perritt MicroCap Opportunities Fund) with a similarly narrow capitalization range and fundamental approach — a direct niche competitor to RHJ's Micro Cap Portfolio.
• Longleaf Partners: US small/mid-cap value mutual fund family applying concentrated fundamental analysis — comparable to RHJ in product type and bottom-up research-driven process.
• Wasatch Global Investors: Employee-owned US asset manager focused on small-cap and micro-cap growth equities via mutual funds, employing bottom-up fundamental research — directly comparable to RHJ's ownership structure, niche focus, and investment process.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RHJ Mutual Funds