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Home > Financial Services > Mutual Funds > Royce
Royce
At Royce & Associates, LLC, they are committed to the same small-company investing principles that have served them well for more than 30 years. Their experience can help you find value in the small- and micro-cap markets.
The Royce Low-Priced Stock Fund, Royce Special Equity Fund, and Royce Premier Fund are currently closed to new investors. All 3 Funds remain open to additional investments by existing shareholders and to financial advisors with existing clients in the Funds. Pennsylvania Mutual Fund seeks long-term growth of capital. The fund normally invests at least 65 percent of assets in the equities of small- and micro-cap companies. It typically invests in companies with market capitalizations under 2 billion dollar. The advisor selects securities that it believes are undervalued based on balance sheets, cash flows, and the relationships of these factors to price.
The Royce Discovery Fund seeks long-term growth of capital. The fund will typically invest at least 80 percent of net assets in the equity securities of micro-cap companies. It may also invest in short-term fixed income securities for temporary defensive purposes.
The investment seeks long-term growth of capital. The fund normally invests at least 80 percent of assets in the equities of micro-cap companies. It may invest the balance of assets in securities issued by larger companies and/or in nonconvertible preferred stocks and debt securities. At least 65 percent of these securities are issued by companies that have market capitalizations of less than 400 million dollar at the time of investment.
Royce Opportunity Fund seeks long-term growth of capital. The fund normally invests at least 65 percent of assets in a diversified portfolio of equities issued by small and micro-cap companies that have market capitalizations of less than 2 billion dollar. Management looks for opportunistic situations like turnarounds, emerging growth companies with interrupted earnings patterns, companies with unrecognized asset values or undervalued growth companies.
Royce Special Equity Fund seeks long-term growth of capital with investment of at least 80 percent of assets in equity securities. It primarily invests at least 65 percent of assets in equities of small and micro-cap companies with market capitalizations less than 1 billion dollar. The portfolio manager applies an intensive value approach which combines classic value analysis, the identification of good businesses and accounting cynicism.
Royce & Associates, LLC uses a disciplined value approach to manage small- and micro-cap portfolios. Their goal is to offer both individual and institutional investors the best available small-company value portfolios.
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