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Royce 100 Fund (RYOHX)
Service Class
Open to New Investors
- NAV as of 8/7/2008 $7.89
- Daily NAV change
Management Team
Portfolio Managers
- Charles M. Royce
- 45 Years of Experience;
- 35 Years at Royce
Assistant Portfolio Managers
- Lauren A. Romeo
- 15 Years of Experience;
- 4 Years at Royce
Top 10 Positions
| Share of Net Assets | |
|---|---|
| HEICO Corporation | 2.0% |
| Lincoln Electric Holdings | 1.6% |
| Manpower | 1.5% |
| SEI Investments | 1.5% |
| AllianceBernstein Holding L.P. | 1.4% |
| PerkinElmer | 1.3% |
| Mohawk Industries | 1.3% |
| Exterran Holdings | 1.3% |
| BOK Financial | 1.3% |
| Lazard Cl. A | 1.2% |
| Top 10 as % of Total | 14.4% |
Objective and Strategy
Royce 100 Fund seeks long-term growth of capital. Royce manages a portfolio of approximately 100 small- and micro-cap companies-those that Royce believes have excellent business strengths and/or prospects for growth, high internal rates of return and low leverage and that are trading significantly below its estimate of their current worth.
Performance
Average Annual Total Returns
| 2Q* | YTD* | 1YR | 3YR | |
|---|---|---|---|---|
| RYOHX | 1.85% | -6.45% | -8.79% | 9.36% |
| Russell 2000 | 0.58% | -9.37% | -16.19% | 3.79% |
| 5YR | Since Incept | |
|---|---|---|
| RYOHX | 13.06% | 13.06% |
| Russell 2000 | 10.29% | N/A |
Annual Operating Expenses
| Gross | Net | 1.56% | 1.49% |
|---|
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 1% redemption fee payable to the Fund. Current performance may be higher or lower than performance quoted.
Gross operating expenses reflect the Fund's gross total annual operating expenses for the Service Class as of the Fund's most current prospectus and include management fees, 12b-1 distribution and service fees. Net operating expenses reflect contractual fee waivers and/or reimbursements. Royce and Associates has contractually agreed to waive fees and reimburse expenses to the extent necessary to maintain the net annual operating expense ratio at or below 1.49% through December 31, 2008.
Fund Statistics
| Ticker Symbol | RYOHX |
|---|---|
| Fund Net Assets (All Classes) | $52 million |
| Number of Holdings | 100 |
| Minimum Investment | $2,000 |
| Cusip Number | 780905519 |
| Fund Number | 277 |
| Inception Date | 6/30/2003 |
| Benchmark Index | Russell 2000 |
Growth of Hypothetical $10,000
Invested 6/30/2003
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. The Fund invests primarily in a limited number of stocks which may involve considerably more risk than a less concentrated portfolio because a decline in the value of these stocks would cause the Fund’s overall value to decline to a greater degree (see "Primary Risks for Fund Investors" in the prospectus). The Fund invests primarily in small- and micro-cap stocks which may involve considerably more risk than investing in larger-cap stocks. The Fund may invest up to 25% of its assets in foreign securities that may involve political, economic, currency and other risks not encountered in U.S. investments (see the prospectus supplement dated 9/7/07). The Russell 2000 is an unmanaged, capitalization-weighted index of domestic small-cap stocks. It measures the performance of the 2,000 smallest publicly traded U.S. companies in the Russell 3000 index. 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.