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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
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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.
