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John  D.  Diederich

Managing Director and Chief Operating Officer, Director of Fund Administration

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John D. Diederich is the Chief Operating Officer and a Managing Director of Royce & Associates, LLC and Vice President of The Royce Funds, for which Royce & Associates serves as investment adviser. (Royce & Associates is also a managing member of Royce Management Company, LLC, general partner to the firm’s partnership portfolios.) Mr. Diederich is also President of Royce Fund Services, Inc., distributor of The Royce Funds.

Mr. Diederich is active with the Investment Company Institute (ICI) and is the current Chairman of the Closed-End Investment Company Committee. He is also a former member of the Executive Committee and President of the Closed-End Fund Association. In addition, he serves on the Board of Governors of the Mutual Fund Education Alliance.

Prior to joining Royce & Associates in 1993, Mr. Diederich was President and Chief Operating Officer of Fund/Plan Services, Inc., a provider of shareholder, accounting, distribution and administration services to the mutual fund industry from 1986 to 1993. John also spent 12 years with Price Waterhouse. He graduated in 1973 from Lehigh University.

For more than 35 years, Royce & Associates has adhered to a disciplined value approach in managing smaller-company investment portfolios.

© Royce & Associates, LLC, 1414 Avenue of the Americas, New York, NY 10019, (800) 221-4268. All rights reserved. Distributor of The Royce Fund and Royce Capital Fund: Royce Fund Services, Inc., a wholly owned subsidiary of Royce & Associates. View our Policies & Procedures, including, among others, our Sarbanes-Oxley Code of Ethics, Privacy Policy and Proxy Voting Guidelines and Procedures.