The Royce Funds - eWord Newsletter

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James "Chip" Skinner, Portfolio Manager of Royce Value Plus Fund (RYVPX) gets kudos from Forbes.com, and is Making Headlines.

Fund Performance

View November month-end performance: average annual total returns for the 1-, 3-, 5-, 10-year and since inception periods.

Royce in the Headlines

Forbes.com talks to James "Chip" Skinner about his "Small-Cap Success Story", Royce Value Plus Fund (RYVPX). Read more»

The Motley Fool (Fool.com) likes Royce Heritage Fund (RGFAX). Read more»

Morningstar adds Pennsylvania Mutual Fund (PENNX) to its FundInvestor 500.
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They're Here: 2007 Estimated Year-End Distributions

Preliminary year-end distribution estimates for Royce Open-End Funds are available.
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Learn How Distributions Affect Your Mutual Fund Investment

Learn about the tax implications and the NAV adjustments that occur when these dates come in to play.
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Commentaries

12/01/07: Introducing Steven McBoyle and our New Mid-Cap Funds

We have furthered our commitment to the mid-cap zone with the launch of Royce Mid-Cap Value Fund (RMVSX) and Royce Mid-Cap Select Fund (RMISX), co-managed by our newest Portfolio Manager, Steven McBoyle.
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11/15/07: Jenifer Taylor on Royce Micro-Cap Fund (RYPNX)

Portfolio Manager Jenifer Taylor : "We finally began to see micro-cap valuations decline from the frothy levels as the takeover bubble began to lose some of its hotter air. This shakeout was a good thing for us at Royce, because we have tended to perform relatively well as the market cools down. You could see this resilience in Royce Micro-Cap Fund's third-quarter results."
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The Gannon Report: December 2007

'Twas the Fright Before Christmas...
Principal and Assistant Portfolio Manager Francis "Frank" Gannon muses on the slumping retail sector: "Could the Grinch himself put the situation in more dire terms? To be sure, the recent news for the consumer is not good, and the valuations of many consumer discretionary stocks, especially in the retail sector, are beginning to reflect this dour mood."
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Is There Less Paper in Your Future?

Open Funds We see less of it…with eDelivery,
you can receive important Royce documents electronically, including account statements, prospectuses, annual reports, and annual tax forms (1099 and 5498). Read more»

Yes, We're Open

Royce Opportunity Fund, Royce Micro-Cap Fund, Royce Premier Fund, and Royce Low-Priced Stock Fund are currently available only to existing shareholders, and to clients of financial advisors with investors in those Funds.
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Read past issues in the eWord Archive.

Please Read the Prospectus
Please read the Fund's prospectus carefully and consider a Fund's investment goals, risks, fees and expenses before investing or sending money. You may obtain a current prospectus for any series of The Royce Funds that contains this and other information.

© 2007 Royce & Associates, LLC, 1414 Avenue of the Americas, New York, NY 10019, (800) 221-4268. All rights reserved. Distributor of The Royce Fund: Royce Fund Services, Inc. View our Policies & Procedures, including, among others, our Sarbanes-Oxley Code of Ethics, Privacy Policy and Proxy Voting Guidelines and Procedures.