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Principal and Portfolio Manager Chris Clark details how our contrarian bent is the perfect fit for our actively managed funds.

2012
05-15-2012 The Great Divide: Company Fundamentals vs. Macroeconomics
Over time, companies tend to have more influence on their own success or failure than do the broader economic trends around them.04-15-2012 Preservation of Capital vs. Margin of Safety
We attempt to build a margin of safety in equities through three important tactics.03-15-2012 The Real Debate: Preservation of Capital vs. Preservation of Purchasing Power
Preserving the purchasing power of an investment is arguably more important today than preserving capital.02-15-2012 Value – It's Not All Relative
When looking at valuations of small-cap stocks versus large-caps, we think it’s most useful to compare and contrast the opportunity set and selection universe.01-15-2012 Finding Opportunity in Correlated Markets
In highly correlated markets like 2011, we find ourselves building existing positions and revisiting old favorites at least as frequently as investing in new companies.2011
12-15-2011 The Road Not Taken: Contrarian Thinking is a Critical Part of the Royce Approach
Patience is an increasingly rare commodity in equity investing, one that we believe has also become a contrarian characteristic. -

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Royce & Associates, LLC, 745 Fifth Avenue, New York, NY 10151, (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. The Royce Funds are offered and sold only to persons residing in the United States and are offered by prospectus only. The prospectuses include investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. View our Policies & Procedures, including, among others, our Sarbanes-Oxley Code of Ethics, Privacy Policy and Proxy Voting Guidelines and Procedures.