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James  A.  SkinnerIII

Portfolio Manager

CFA

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Portfolio Manager

Royce Value Plus Fund

Assistant Portfolio Manager

Royce Low-Priced Stock Fund

James A. (Chip) Skinner III, CFA, is a Portfolio Manager for Royce & Associates, LLC, investment advisor to The Royce Funds

Mr. Skinner serves as portfolio manager for Royce Value Plus Fund and as an Assistant Portfolio Manager for Royce Low-Priced Stock Fund.

Prior to joining Royce & Associates in 2003, Mr. Skinner co-founded and managed a focused small-cap hedge fund for Accrete Capital, LLC. From 1994 to 2002, he was employed by Merrill Lynch/Mercury Asset Management, plc, as a Managing Director and Senior Portfolio Manager, managing the firm’s U.S. small-cap growth equity unit trust and mutual fund product. Prior to that, he was a portfolio manager and analyst for Gartmore, plc, from 1991 to 1994. Mr. Skinner began his career as a Vice President/Lending Officer for Dominion Bankshares, lending funds to small- and medium-sized companies. Mr. Skinner has a bachelor’s degree from Washington & Lee University and earned an Executive Masters of Business Administration degree from Vanderbilt University’s Owen Graduate School of Management.

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.