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Michael  W.  Hveem

Assistant Portfolio Manager and Senior Analyst

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Assistant Portfolio Manager

Royce Value Trust

Michael W. Hveem is a Senior Analyst and Assistant Portfolio Manager for Royce & Associates, LLC, investment adviser for The Royce Funds.

Mr. Hveem works with CIO Chuck Royce in managing Royce Value Trust. He joined Royce in 1999, and was previously a research librarian with National Economic Research Associates, and a law librarian with Kelley Drye & Warren LLP. He received a Bachelor of Arts degree in history from the University of Connecticut, a Master of Library Science from Southern Connecticut State University, and a Juris Doctor from Boston University School of Law.

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.