Royce Small-Cap Fund—4Q25 Update and Outlook

Portfolio Managers Lauren Romeo, Jay Kaplan, Steven McBoyle, Andrew Palen, and Miles Lewis update investors on how our flagship portfolio, Royce Small-Cap Fund, performed in 4Q25 and the year as a whole while Co-Chief Investment Officer and Portfolio Manager Francis Gannon offers an optimistic long-term outlook.
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Investment Focus

The Royce Roundtable: Small-Caps Looking Strong in 2026

Portfolio Managers Lauren Romeo and Jim Harvey join CEO and Co-CIO Chris Clark and Co-CIO Francis Gannon to discuss why they’re constructive on small-cap’s prospects in 2026 and how they’re positioning their portfolios.

Market Perspective

4Q25 Small-Cap Recap

by Francis Gannon

Small-Caps Stay Positive, Micro-Caps Take the Lead

Market Perspective

2025 in Review

2025 in Review features host Francis Gannon, Royce Investment Partners Co-CIO and Portfolio Manager, with Portfolio Managers Chip Skinner and Joe Hintz looking back at 2025, and small-cap quality and growth investing outlooks for 2026.

Royce Exchange

What’s Next for Small-Caps in 2026?

Miles Lewis, Chip Skinner, Kavitha Venkatraman, Steven McBoyle and Francis Gannon talk about what they see in store for small-cap stocks in the coming year.

Market Perspective

Two Theme-Based Small-Cap Opportunities

Lead Portfolio Manager Brendan Hartman and Portfolio Manager Jim Stoeffel of Royce Small-Cap Opportunity Fund offer the investment thesis for two key positions.

Investment Focus
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Our People

  • 27Years at Royce
  • 34Years of Experience

Jim Harvey, CFA®
Portfolio Manager, Principal

Jim Manages

Contact Information

General Information (800) 221-4268

Media Contact
John Davis
E-mail John
(212) 508 4594

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AI in Investing

AI’s research capabilities and competitive advantage in Investing.

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