2010

07-15-2010  Whitney George On Today's Opportunities
Whitney George, Co-Chief Investment Officer of Royce & Associates, discusses debt, the case for equities, and why he thinks that there are attractive opportunities in technology stocks and in Europe.

07-15-2010  Review Spotlight: One Step Back, Two Steps Forward
The history of peaks and troughs suggests that downturns create opportunities to find smaller companies at what we think are attractive prices.

07-15-2010  Small-Cap Market Cycle Performance
See how The Royce Funds have fared in the most recent small-cap market cycles.

07-01-2010  Chuck Royce on Second Quarter 2010
Chuck Royce looks at where he thinks equity returns may be headed. He thinks lower returns tend to make investors more conscious of risk and more discriminating about fundamentals.

07-01-2010  The Evolution Solution—Royce's Next Generation Portfolios
Learn how we continue to adapt to an ever-changing investment universe while remaining true to our core investment principles.

06-15-2010  Quality Companies Look Like They're "On Sale"
Companies with track records of high returns on invested capital, strong balance sheets and the ability to generate free cash flow can now be purchased at what we think are very attractive valuations.

06-01-2010  Is Volatility Here To Stay?
James Harvey talks with us about market volatility that results from worldwide current events, and how that affects investment decisions.

05-15-2010  Looking at International Opportunities 
During the past decade, we have expanded our search for undervalued small companies by looking beyond U.S. borders. Portfolio Managers David Nadel and Jiyoung Kim, and Senior Analyst Mark Rayner share their insights.

05-01-2010  Royce Opportunity Fund Rebounding Well
On the heels of one of the most difficult markets in recent memory, Royce Opportunity Fund has rebounded well over the past 12 months.

07-01-2010    Co-CIOs Chuck Royce and Whitney George on Today's Market
Co-Chief Investment Officers Chuck Royce and Whitney George discuss the European sovereign debt crisis, the high level of market volatility and the impact of current events on Royce.

04-15-2010  Whitney George on What Lies Ahead for The Market
Co-CIO Whitney George talks about why it's a good time to be an investor with a disciplined, long-term approach, even as the rally's pace continues to slacken, and where he sees opportunities.

04-15-2010  Review Spotlight: Crystal Ball, Anyone?
The case for equities over the next decade is compelling. However, while investors enjoyed a rally over the past 12 months that bestowed the most favor to riskier equities – non-earners, non-dividend payers and very low-priced stocks, we believe the next phase of the rally will be different.

04-15-2010  Small-Cap Market Cycle Performance
See how The Royce Funds have fared in the most recent small-cap market cycles.

04-01-2010  Chuck Royce on First Quarter 2010
Chuck Royce looks at where he thinks equity returns may be headed. He thinks lower returns tend to make investors more conscious of risk and more discriminating about fundamentals.

04-01-2010    Finding High-Quality Dividend-Paying Stocks
President, Co-Chief Investment Officer and Portfolio Manager Chuck Royce, and Portfolio Manager and Principal Jay Kaplan look at how dividend-paying stocks work with Royce's disciplined investment approach.

04-01-2010  Measuring for Quality—Royce's Take on Dividends
We have been investing in dividend-paying small companies for nearly as long as we have been managing portfolios.

03-15-2010  Sticking to the Knitting
Jay Kaplan, Co-Manager for Royce Value Fund and Royce Dividend Value Fund, explains how a consistent investment process and philosophy can contribute to success and how this works at Royce.

03-01-2010  What Puts the "Plus" in Royce Value Plus Fund?
Royce Value Plus' Portfolio Manager James (Chip) Skinner, III Talks about Success, Opportunity, and What Puts the "Plus" in Royce Value Plus Fund.

02-16-2010  Are Quality Small-Cap Companies Emerging?
Lauren Romeo expects quality small-cap companies to emerge from the downturn in an even stronger competitive position than when they entered. She shares her insights into assessing quality in small-caps here.

02-16-2010  Cultural Issues
Every company has a culture. That is, every company develops certain distinct, if not distinctive, ways of doing business. How does Royce's culture retain its entrepreneurial bent?

02-01-2010  Good Day Sunshine
Our Letter to Shareholders, from the upcoming Annual Review and Report, looks back at a great year and a difficult decade.

02-01-2010  Margin of Safety
When we look at small-cap companies, we are always thinking about risk.

01-15-2010  Whitney George on Fourth Quarter 2009
Whitney George, Co-Chief Investment Officer of Royce & Associates, reflects on how Royce navigated the crisis of 2008, and how that strategy affected The Royce Funds in 2009.

01-15-2010  Small-Cap Market Cycle Performance
See how The Royce Funds have fared in the most recent small-cap market cycles.

01-04-2010  Chuck Royce on Fourth Quarter 2009
Chuck Royce discusses why he remains optimistic about the long-term prospects for stocks.

01-04-2010  Fund Focus: Spanning the Globe
Over the last 10 years, we have expanded our search for undervalued smaller companies by looking beyond our borders.

01-04-2010    The evolution of international investing at Royce
Co-CIOs Chuck Royce and Whitney George, and Portfolio Manager David Nadel discuss Royce's approach to investing in international small-cap companies.

2009

12-15-2009  International Investing: Bottling the Essence of Our Domestic Approach
David Nadel discusses how we apply our disciplined small-cap style to non-U.S. securities.

12-15-2009  The Art and Science of SMid-Cap Investing
The investment process in our SMid-Cap portfolios extends the approach used in our small-cap Quality + Focused funds to a broader market cap range.

12-01-2009  Meet the Manager: Charlie Dreifus
Get better acquainted with Charlie Dreifus, who manages Royce Special Equity Fund and who has been nominated for Morningstar's Domestic Equity-Fund Manager of the Decade.

11-15-2009  Follow the Leaders
Lauren Romeo and Jim Harvey on the current market and their emerging roles at Royce.

11-01-2009  Getting in Position
Royce Value Plus Fund has come back strong in 2009. Portfolio Manager Chip Skinner talks about how he repositioned the Fund in the dark days of late 2008.

10-15-2009  Understanding How We Think About Our Portfolios
We are often asked, "If smaller companies are your primary area of focus, why are there so many Royce Funds?" Our Fund Guide answers the question.

10-15-2009  The Case For Active Management
Beating the market doesn’t come easy, but some managers find a way over the long term.

10-15-2009  Small-Cap Market Cycle Performance
Flourishing in an up market is wonderful. Surviving a bear market by losing less (or not at all) is at least as good. However, the true test of a portfolio's mettle is performance over full market cycle periods, which include both up and down market periods.

10-01-2009  Chuck Royce on Third Quarter 2009
Chuck Royce talks about why a more historically typical market might be a good thing for long-term investors.

10-01-2009  Fund Focus: Historic Opportunity
Each of the investment themes used in Royce Opportunity Fund focuses on a catalyst for potential growth in those stocks that Buzz Zaino deems significantly discounted to their value as a business.

10-01-2009    Watch Buzz Zaino and William Hench Discuss Their Opportunistic Approach
Portfolio Managers Buzz Zaino and William Hench discuss Royce Opportunity Fund and its unique value approach.

09-15-2009  Coming Back for the Long Haul
Royce Opportunity Fund portfolio manager Buzz Zaino discusses the Fund's resurgence since the stock market low in March.

09-01-2009  Digging Deeper
A comprehensive understanding of the strength and quality of management teams is so crucial to our stock selection process that we have an analyst devoted to this pursuit. John Protos shares his insights.

08-15-2009  Things Have Changed
The second part of our Letter to Shareholders examines how the economy holds the key to a sustained recovery for equities.

08-01-2009  Simple Twist of Fate
We believe in the cyclicality of markets and the resourcefulness of our economy, both of which should be factors in the next year as we make our way by fits and starts to better days.