Jay Kaplan On Small-Cap Opportunities—Royce
article 10-09-2019

Jay Kaplan On TD Ameritrade Network: Finding Opportunities In Small-Caps

PM Jay Kaplan was a guest on TD Ameritrade Network’s Morning Trade Live to discuss taking advantage of short-term volatility, consumer spending, and more.


Jay Kaplan recently joined host Oliver Renick on TD Ameritrade Network’s Morning Trade Live to discuss the sustainability of small-cap value leading growth and why he is currently interested in small-cap footwear.

Watch Jay’s appearance here.

“What I can tell you is that there are plenty of interesting, inexpensive, [and] really good companies in the small-cap value world, and that is what we’re trying to do here at Royce,” Jay said in the interview. “We think three to five years out, and if we can buy really good companies while there is a cloud over the world, and while P/Es are low, and dividends are good but businesses are fine: you know we would like to do that all day long and we think that over time we will be rewarded for doing that.”

Watch Jay’s appearance here.

Learn more about Jay Kaplan here.

Important Disclosure Information

Mr. Kaplan’s thoughts and opinions concerning recent market movements and future prospects for small-company stocks are solely those of Royce & Associates, LP, and, of course, there can be no assurances with respect to future small-cap market performance.

Percentage of Fund Holdings As of 9/30/2019 (%)

  Shoe Carnival

Royce Capital Fund - Small-Cap Portfolio


Royce Dividend Value Fund


Royce Pennsylvania Mutual Fund


Royce Small-Cap Value Fund


Royce Total Return Fund


Company examples are for illustrative purposes only. This does not constitute a recommendation to buy or sell any stock. There can be no assurance that the securities mentioned in this piece will be included in any Fund’s portfolio in the future.

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This material is not authorized for distribution unless preceded or accompanied by a current prospectus. Please read the prospectus carefully before investing or sending money. Smaller-cap stocks may involve considerably more risk than larger-cap stocks. (Please see "Primary Risks for Fund Investors" in the prospectus.)



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