RYSEX In Barron’s—Royce
article 12-11-2019

Small-Cap Special Equity Strategy In Barron’s

“Small-Cap Stocks Are Breaking Out,” this week’s cover story in Barron’s, listed Small-Cap Special Equity Strategy as a small-cap investment to consider.


This week’s cover story for Barron’s, “Small-Cap Stocks Are Breaking Out. Here Are 10 Investments Poised to Win” by Avi Salzman and John Coumarianos, listed Royce Special Equity Fund as a small-cap investment to consider.

Read the piece here (subscription required).

“The strategy tends to hold up well in bear markets, and do well enough in bull markets that long-term returns are solid,” the article said. The piece also touched on Charlie’s preference for industrials and companies with clean balance sheets.

Read the piece here (subscription required).

Learn more about Charlie Dreifus here.

Important Disclosure Information

Average Annual Total Returns as of 9/30/19 (%) 

Special Equity 0.05 4.65 -5.59 5.52 5.07 8.29 7.11 9.57 8.36 05/01/98
Russell 2000 -2.40 14.18 -8.89 8.23 8.19 11.19 8.19 7.99 8.11 N/A
Russell 2000 Value -0.57 12.82 -8.24 6.54 7.17 10.06 7.23 9.05 8.97 N/A

Annual Operating Expenses: 1.20% 

1 Not annualized.

All performance information reflects past performance, is presented on a total return basis, reflects the reinvestment of distributions, and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, so that shares may be worth more or less than their original cost when redeemed. Shares redeemed within 30 days of purchase may be subject to a 1% redemption fee, payable to the Fund, which is not reflected in the performance shown above; if it were, performance would be lower. Current month-end performance may be higher or lower than performance quoted and may be obtained at www.royceinvest.com. Operating expenses reflect the Fund's total annual operating expenses for the Investment Class as of the Fund's most current prospectus and include management fees and other expenses.

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

Special Equity Fund

National Presto Industries


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.

Frank Russell Company (“Russell”) is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. Neither Russell nor its licensors accept any liability for any errors or omissions in the Russell Indexes and / or Russell ratings or underlying data and no party may rely on any Russell Indexes and / or Russell ratings and / or underlying data contained in this communication. No further distribution of Russell Data is permitted without Russell’s express written consent. Russell does not promote, sponsor or endorse the content of this communication. The Russell 2000 Index is an unmanaged, capitalization-weighted index of domestic small-cap stocks. It measures the performance of the 2,000 smallest publicly traded U.S. companies in the Russell 3000 Index. The Russell 2000 Value and Growth indexes consist of the respective value and growth stocks within the Russell 2000 as determined by Russell Investments. The performance of an index does not represent exactly any particular investment, as you cannot invest directly in an index.

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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