Jay Kaplan on Yahoo Finance
article 11-22-2019

Jay Kaplan on Yahoo Finance

PM Jay Kaplan discussed the recent rebound in retail sales on Yahoo Finance.

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Portfolio Manager Jay Kaplan joined host Alexis Christoforous on Yahoo Finance to discuss retail sales rebounding in October.

Jay explained why he believes retail sales fell in September before rebounding in October, and he shared his outlook for the sector ahead of the upcoming holiday season. Jay also detailed why he believes Shoe Carnival and Designer Brands are currently attractive small-cap retail opportunities.

Learn more about Jay Kaplan here.

Important Disclosure Information

The thoughts and opinions expressed in the video are solely those of the persons speaking as of October 15, 2019 and may differ from those of other Royce investment professionals, or the firm as a whole. There can be no assurance with regard to future market movements.

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

  Designer
Brands Cl. A
Shoe Carnival

Royce Capital Fund - Small-Cap Portfolio

1.9

1.8

Royce Dividend Value Fund

1.0

0.0

Royce Pennsylvania Mutual Fund

0.3

0.4

Royce Small-Cap Value Fund

1.9

1.9

Royce Total Return Fund

0.5

0.6

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.

Sector weightings are determined using the Global Industry Classification Standard ("GICS"). GICS was developed by, and is the exclusive property of, Standard & Poor's Financial Services LLC ("S&P") and MSCI Inc. ("MSCI"). GICS is the trademark of S&P and MSCI. "Global Industry Classification Standard (GICS)" and "GICS Direct" are service marks of S&P and MSCI.

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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