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Fund Impact and Attribution Reports
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Joanne Newgard
Director of Client Services & Media Relations
Contact (800) 562-0880 or joanne@roycefunds.com
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Courtesy of Consuelo Mack WealthTrack. All Rights Reserved.
Chuck Royce was a guest on public television's Consuelo Mack WealthTrack on February 4, 2011. Mack described it as a "television interview with investment legend, Charles "Chuck" Royce, whose name is synonymous with small company stocks."
The hour-long conversation covered a variety of topics, including the evolution of the small-cap market, Royce's long-term track record, and how he and his team have managed to find less than average small-cap volatility and better performance over the long term.
They also discussed small-caps in non-U.S. markets, and touched on the fact that "Royce just launched three new international funds to take advantage of what he believes are exceptional opportunities overseas."Royce Pennsylvania Mutual Fund's Performance and Expenses
Royce Pennsylvania Mutual Fund Performance and Expense Information
Important Performance and Expense Information
All performance information reflects past performance, is presented on a total return basis, reflects the reinvestment of distributions and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. 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, which is not reflected in the performance shown above; if it were, performance would be lower. Current performance may be higher or lower than performance quoted. Current month-end performance information may be obtained at www.roycefunds.com.
Operating expenses reflect the Fund's total annual operating expenses for the Investment Class as of the Fund's most current prospectus and include management fees and other expenses.
Royce Dividend Value Fund's Performance and Expenses
Royce Dividend Value Fund Performance and Expense Information
Important Performance and Expense Information
All performance information reflects past performance, is presented on a total return basis, reflects the reinvestment of distributions and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. 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, which is not reflected in the performance shown above; if it were, performance would be lower. Current performance may be higher or lower than performance quoted. Current month-end performance information may be obtained at www.roycefunds.com
Gross operating expenses reflect the Fund's gross total annual operating expenses for the Service Class, and include management fees, 12b-1 distribution and service fees, other expenses, and acquired fund fees and expenses. Net operating expenses reflect contractual fee waivers and/or expense reimbursements. All expense information is reported as of the Fund's most current prospectus. Royce & Associates has contractually agreed to waive fees and/or reimburse expenses to the extent necessary to maintain the Service Class's net annual operating expenses, other than acquired fund fees and expenses, at or below 1.49%, through April 30, 2011 and at or below 1.99% through April 30, 2020. Acquired fund fees and expenses reflect the estimated amount of the fees and expenses incurred indirectly by the Fund through its investments in mutual funds, hedge funds, private equity funds and other investment companies.
Important Disclosure Information
For 1-year, 5-year and 10-year performance for Royce Pennsylvania Mutual Fund, Royce Dividend Value Fund and other Royce Funds, please visit our Prices and Performance page. Past performance is no guarantee of future results.
As of 12/31/10, Value Partners represented 0.01% of the nets assets of Royce Pennsylvania Mutual Fund and 0.26% of the net assets of Royce Dividend Value Fund; TMX Group represented 0.42% of the net assets of Royce Pennsylvania Mutual Fund and 0.78% of the net assets of Royce Dividend Value Fund; and Federated Investors represented 0.86% of the net assets of Royce Pennsylvania Mutual Fund and 1.64% of the nets assets of Royce Dividend Value Fund. There can be no assurance that the securities mentioned in this piece will be included in the Funds' portfolios in the future.
The thoughts expressed in the video are solely those of the person speaking and may differ from those of other Royce investment professionals, or the firm as a whole. There can be no assurance with regard to future market movements. 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.
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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.