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Royce Technology Value Fund (RYTVX)
Service Class
Open to New Investors
- NAV as of 10/6/2008 $4.20
- Daily NAV change
Download literature for Royce Technology Value Fund
Management Team
Portfolio Managers
- W. Whitney George
- 27 Years of Experience;
- 16 Years at Royce
- Dana Serman
- 14 Years of Experience;
- 1 Year at Royce
Top 10 Positions
| Share of Net Assets | |
|---|---|
| Sigma Designs | 2.9% |
| Brooks Automation | 2.9% |
| Comtech Telecommunications | 2.5% |
| OSI Systems | 2.4% |
| TTM Technologies | 2.3% |
| Lam Research | 2.2% |
| Brocade Communications Systems | 2.0% |
| Fairchild Semiconductor International | 1.9% |
| MSC.Software | 1.8% |
| United Online | 1.8% |
| Top 10 as % of Total | 22.8% |
Objective and Strategy
Royce Technology Value Fund seeks long-term growth of capital by investing primarily in a diversified portfolio of equity securities issued by mid-, small- and/or micro-cap technology companies, both domestic and foreign, that the portfolio manager believes are trading below his estimate of their current worth and have potential for capital appreciation. Such companies include those in computer software/hardware, telecommunications, semiconductors, information technology services and Internet-related businesses.
Performance
Average Annual Total Returns
| 3Q* | YTD* | 1YR | 3YR | |
|---|---|---|---|---|
| RYTVX | -10.46% | -21.24% | -26.59% | -3.96% |
| Russell 2000 | -1.11% | -10.38% | -14.48% | 1.83% |
| 5YR | Since Incept | |
|---|---|---|
| RYTVX | -3.43% | 3.69% |
| Russell 2000 | 8.15% | N/A |
Annual Operating Expenses
| Gross | Net | 1.85% | 1.69% |
|---|
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 including management fees, 12b-1 distribution and service fees. Net operating expenses reflect contractual fee waivers and/or reimbursements. All expense information is reported as of the Fund's most current prospectus. 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 1.69% through December 31, 2008.
Fund Statistics
| Ticker Symbol | RYTVX |
|---|---|
| Fund Net Assets (All Classes) | $12 million |
| Number of Holdings | 67 |
| Minimum Investment | $2,000 |
| Cusip Number | 780905584 |
| Fund Number | 214 |
| Inception Date | 12/31/2001 |
| Benchmark Index | Russell 2000 |
Growth of Hypothetical $10,000
Invested 12/31/2001
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 mid-, small- and micro-cap stocks which may involve considerably more risk than investing in larger-cap stocks (see "Primary Risks for Fund Investors" in the prospectus). 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.