Jay Kaplan Talks Small-Cap Retail in Business Insider—Royce
article 09-16-2020

Media Mention

Jay Kaplan Talks Small-Cap Retail in Business Insider

In an interview with Business Insider, Jay Kaplan identifies three small-cap retail stocks he believes are poised to do well in the difficult economic environment.

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On September 14, 2020, William Edwards published an interview with Jay Kaplan on Business Insider’s website, “A Wall Street Expert Breaks Down Why 3 Smaller Retailers Are Poised For Gains Amid A Down Economy — And Says They're The Best Stock-market Alternatives To Behemoths Like Costco And Target.”

Read the article (subscription required).

In the article, Jay detailed three companies he believes will continue on an upward path even in a downtrodden economy. He explained that he thinks Rent-A-Center and Aaron's, both rent-to-own businesses, are well-positioned amid a tight credit environment. He added that he thinks Shoe Carnival can weather lower back-to-school demand because he believes the company will benefit from competitors like Payless going out of business.

Read the article (subscription required).

Learn more about Jay Kaplan here.

Important Disclosure Information

Mr. Kaplan’s thoughts and opinions concerning the stock market are solely his own and, of course, there can be no assurance with regard to future market movements. No assurance can be given that the past performance trends as outlined above will continue in the future.

The performance data and trends outlined in this presentation are presented for illustrative purposes only. Past performance is no guarantee of future results. Historical market trends are not necessarily indicative of future market movements.

Percentage of Fund Holdings As of 6/30/20 (%)

  Rent-A-Center, Inc. Aaron Rents Shoe Carnival Target Costco Payless

Royce Capital Fund - Small-Cap Portfolio

2.5

0.0

1.9

0.0

0.0

0.0

Royce Dividend Value Fund

1.4

0.0

0.0

0.0

0.0

0.0

Royce Pennsylvania Mutual Fund

0.7

0.0

0.4

0.0

0.0

0.0

Royce Small-Cap Value Fund

2.5

0.0

1.9

0.0

0.0

0.0

Royce Total Return Fund

0.8

0.0

0.5

0.0

0.0

0.0

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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