Seeks long-term growth of capital by investing primarily in a diversified portfolio of equity securities issued by mid-, small- and/or micro-cap companies that it believes are trading significantly below its estimate of their current worth. The Fund generally invests in the securities of companies Royce believes have excellent business strengths, high internal rates of return and low leverage, consistent with its value approach to investing. In addition, the Fund will give consideration to those companies that Royce believes have above-average growth prospects. We believe investors in the Fund should have a long-term investment horizon of at least three years.
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.
Operating expenses reflect the Fund's 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.
Fund Statistics
Ticker Symbol
RYVPX
Fund Net Assets (All Classes)
$2.73 billion
Number of Holdings
140
Minimum Investment
$2,000
Cusip Number
780905741
Fund Number
292
Inception Date
6/14/2001
Benchmark Index
Russell 2000
Growth of Hypothetical $10,000
Invested 6/14/2001
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. 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 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 "Investing in International Securities" 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.