Seeks long-term growth of capital by investing primarily in equity securities issued by non-U.S. (International) companies that we believe are trading significantly below our estimate of their current worth. The Fund may invest in companies of any size.
Performance
Average Annual Total Returns
As of Quarter-End 3/31/08
1Q*
YTD*
1YR
RIVFX
-2.14%
-2.14%
3.35%
Russell 2000
-9.90%
-9.90%
-13.00%
Since Incept
RIVFX
9.34%
Russell 2000
n/a
Annual Operating Expenses
Gross
Net
2.12%
1.81%
Inception Date: 12/29/2006
* Not Annualized.
Important Performance and Expense Information
All performance information reflects past performance, is presented on a total return basis and reflects the reinvestment of distributions. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, so that shares may be worth more or less than their original cost when redeemed. Shares redeemed within 180 days of purchase may be subject to a 2% redemption fee payable to the Fund. Current performance may be higher or lower than performance quoted.
Operating expenses reflect the Fund's estimated operating expenses for the Service Class as of the date of the Fund's most current prospectus and include management fees, 12b-1 distribution and service fees. Royce & Associates has contractually agreed to waive its fees and reimburse expenses to the extent necessary to maintain the Fund's Net Annual Operating Expense ratio at or below 1.69% through December 31, 2010.
Fund Statistics
Ticker Symbol
RIVFX
Fund Net Assets (All Classes)
$20 million
Number of Holdings
54
Minimum Investment
$2,000
Cusip Number
780905329
Fund Number
677
Inception Date
12/29/2006
Benchmark Index
Russell 2000
Growth of Hypothetical $10,000
Invested 12/29/2006
As of Quarter-End 3/31/2008
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. Securities of international companies may be subject to different risks than investments in securities of U.S. companies, including adverse political, social, economic or other developments that are unique to a particular country or region. Therefore, the prices of the securities of international companies in particular countries or regions may, at times, move in a different direction than those of the securities of U.S. companies (see "Investing in International Securities" in the prospectus). As of 12/31/07 the Fund was primarily invested in smaller companies, which may involve more risk than investing in large-cap stocks (see "Primary Risks for Fund Investors" in the prospectus). The MSCl World Small Cap Index represents the small-cap segment in the world’s developed equity markets. Distributor: Royce Fund Services, Inc.
© 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.