Update To The Royce Fund—Royce
article 09-11-2020

The Royce Fund Announces That Last Remaining Series Approves New Investment Advisory Agreement at Special Meeting

NEW YORK – September 11, 2020 – The Royce Fund (the “Trust”) today announced that the shareholders of Royce Total Return Fund (the “Fund”) voted to approve a new investment advisory agreement with the Trust’s investment manager, Royce Investment Partners (“Royce”)1, at its Special Meeting of Shareholders (the “Meeting”). With that action, every series of the Trust has now approved a new investment advisory agreement with Royce. “We thank our shareholders for their participation and strong support for the new agreement,” said Christopher D. Clark, the Trust’s President.

The new agreement became effective immediately upon its approval. There will be no increase in the contractual investment advisory fee rate for the Fund as a result of the implementation of the new agreement. In addition, implementation of the new agreement will not result in any changes to the Fund’s portfolio management personnel, investment objective, principal investment strategy, or investment restrictions.

More information about Royce Investment Partners.

Forward Looking Statement

This press release is not an offer to purchase nor a solicitation of an offer to sell shares of the Fund. This letter may contain statements regarding plans and expectations for the future that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking and can sometimes be identified by the use of words such as “plan,” “expect,” “will,” “should,” “could,” “anticipate,” “intend,” “project,” “estimate,” “guidance,” “possible,” “continue” and other similar terms and phrases, although not all forward-looking statements include these words. Such forward-looking statements are based on the current plans and expectations of the Fund, and are subject to risks and uncertainties that could cause actual results, performance and events to differ materially from those described in the forward-looking statements. Additionally, past performance is no guarantee of future results. Additional information concerning such risks and uncertainties are or will be contained in the Trust’s filings with the U.S. Securities and Exchange Commission, including the Fund’s Annual Report to Shareholders on Form N-CSR for the year ended December 31, 2019 and the Fund’s Semiannual Report to Shareholders on Form N-CSRS for the six-month period ended June 30, 2020, and subsequent filings with the Commission. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The Trust undertakes no responsibility to update publicly or revise any forward-looking statement.

Media Contact
John Davis, Director of Communications and Marketing
(212) 508-4594

Important Disclosure Information

1 Royce & Associates, LP is a Delaware limited partnership that primarily conducts its business under the name Royce Investment Partners.



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