As I said "over the last two years". I've been an investor in RVT since the initial fund was formed in the late 80's so I'm well aware of the long term performance and it's been ok not great or beyond what many mutual funds have produced. What is better is the annual dividend that has been paid but if that's not important to you and those dividends are reinvested the total return is just comparable to many other funds.
With the departure of Chuck Royce and the recent lack of price appreciation I believe that it may be time to liquidate....the share appreciation is not keeping pace with the distribution eventhough the market is moving up. If the market had not been moving up over the past few years I wouldn't have raised the issue but you can't argue that you would have been better off to have sold RVT in 05 and shifted to even an index fund.
So no I'm not wrong ... over the past two years it's been dead money.