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Share Classes & Account Minimums
We offer several classes of shares. For a quick overview, choose Investment Class, Service Class, Consultant Class, and Institutional Class (other classes are offered as well). More details can be found in the prospectuses.
Investment Class Shares
Investment Class Shares are offered directly by The Royce Funds without sales charges or commissions. Investment minimums may vary depending on the Fund, as shown below.
- No front-end or back-end sales charges/loads apply.
- A redemption fee of 1.00% applies to shares held for less than 180 days. The redemption fee is 2.00% for Royce Select Fund I & II, Royce Global Select Fund and Royce SMid-Cap Select Fund for shares held less than 365 days.
| Investment Class Funds with $2,000 Minimum Initial Investment ($1,000 for IRAs) | ||
|---|---|---|
| Funds | Account Type | Minimum |
|
Royce Pennsylvania Mutual Fund - PENNX Royce Opportunity Fund - RYPNX |
Regular Account | $2,000 |
| IRA | $1,000 | |
| Automatic Investment or Direct Deposit Plan Accounts | $1,000 | |
| 401(k) Accounts | None | |
| Investment Class Funds with $50,000 Minimum Initial Investment | ||
|---|---|---|
| Funds | Account Type | Minimum |
|
Royce Global Select Fund - RSFTX |
Regular Account | $50,000 |
| Investment Class Funds with $100,000 Minimum Initial Investment | ||
|---|---|---|
| Funds | Account Type | Minimum |
|
Royce Dividend Value Fund - RDVIX |
Regular Account | $100,000 |
| IRA | $100,000 | |
| Automatic Investment or Direct Deposit Plan Accounts | $100,000 | |
| 401(k) Accounts | None | |
Service Class Shares
Service Class Shares are offered without sales charges. The minimum initial investment is $2,000 for a regular account, $1,000 for an IRA.
- No front-end or back-end sales charges/loads apply.
- An annual 0.25% distribution (12b-1) fee applies.
- A redemption fee of 1.00% applies to shares held for less than 180 days. The redemption fee is 2.00% for Royce European Smaller Companies Fund and Royce Global Value Fund.
| Service Class Funds that can be purchased directly through The Royce Funds or a third-party financial intermediary | ||
|---|---|---|
| Funds | Account Type | Minimum |
|
Royce Dividend Value Fund - RYDVX Royce European Smaller-Companies Fund - RISCX Royce Financial Services Fund - RYFSX Royce Global Value Fund - RIVFX Royce Low-Priced Stock Fund - RYLPX Royce SMid-Cap Value Fund - RMVSX |
Regular Account | $2,000 |
| IRA | $1,000 | |
| Automatic Investment or Direct Deposit Plan Accounts | $1,000 | |
| 401(k) Accounts | None | |
| Service Class Funds that can be purchased through a third-party financial intermediary | ||
|---|---|---|
| Funds | Account Type | Minimum |
|
Royce Pennsylvania Mutual Fund - RYPFX Royce Opportunity Fund - RYOFX |
Regular Account | $2,000 |
| IRA | $1,000 | |
| Automatic Investment or Direct Deposit Plan Accounts | $1,000 | |
| 401(k) Accounts | None | |
Consultant Class Shares
Consultant Class Shares are generally offered only through certain broker-dealers. The minimum initial investment is $2,000 for a regular account, $1,000 for an IRA.
- No front-end or back-end sales charges/loads apply.
- An annual 1.00% distribution (12b-1) fee applies.
- A redemption fee of 1.00% applies to shares held for less than six months.
| Consultant Class Funds | ||
|---|---|---|
| Funds | Account Type | Minimum |
|
Royce Pennsylvania Mutual Fund - RYPCX Royce Opportunity Fund - ROFCX Royce Special Equity Fund - RSQCX |
Regular Account | $2,000 |
| IRA | $1,000 | |
| Automatic Investment or Direct Deposit Plan Accounts | $1,000 | |
| 401(k) Accounts | None | |
Institutional Class Shares
The Institutional Class Shares are designed primarily for investment by or through retirement plans, brokers, foundations, endowments and similar institutions. The minimum initial investment is $1,000,000.
- No front-end or back-end sales charges/loads apply.
- No distribution (12b-1) fees apply.
- No redemption fee applies to the sale of shares.
| Institutional Class Funds | ||
|---|---|---|
| Funds | Account Type | Minimum |
|
Royce Low-Priced Stock Fund - RLPIX Royce Opportunity Fund - ROFIX Royce Special Equity Fund - RSEIX |
Regular Account | $1,000,000 |
© 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.