-
RWord
RWord is the semiannual shareholder newsletter for The Royce Funds, with editions mailed in spring (May) and fall (November). It typically includes an in-depth interview with CIO Chuck Royce, a Fund Focus, and performance information for our Funds.
Download a PDF of the Spring 2012 RWord to read Chuck Royce's first quarter interview, Jay Kaplan on Quality Stocks, The Contrarian View: Value - It's Not All Relative and more.
Download a PDF of the Fall 2011 RWord which features Chuck Royce on Third Quarter 2011, Co-CIO Whitney George Celebrates 20 Years at Royce, Charlie Dreifus Takes on Large Caps, our latest video, "What Always Matters and What Matters Now" and more.eWord
Written for all audiences, the eWord is a monthly e-mail newsletter that highlights the latest news at The Royce Funds. You’ll get access to commentaries from CIO Chuck Royce and our team of Portfolio Managers, and will be kept up-to-date on fund performance, distributions, new offerings, and more.
View the May 2012 eWordVolatility in Micro-Caps Can Open the Door to Investment Opportunity; The Gannon Report: Can Stocks Avoid Another Bear in Spring?; The Contrarian View: Preservation of Capital vs. Margin of Safety; Royce Researches: The Valuation Challenge: Inexpensive Quality Remains Plentiful in Small-Caps; Exploring Global Small-Caps: Sri Lanka: Recovery, Growth, Opportunities, and Concerns
View previous issues of the eWord
April 2012 eWord In the Spotlight Video: Focus on Europe: Finding Quality Through the Crisis; Chuck Royce and Whitney George on 1Q 2012; The Gannon Report: The Great Equity Shrink: Effective Capital Allocation in Small-Caps; Experience Royce's Unique Culture; The Contrarian View: Preservation of Capital vs. Preservation of Purchasing Power
March 2012 eWord Lauren Romeo on Risk Management and High-Quality Small-Caps; George Wyper Extols on Free Cash Flow and Capital Management; The Gannon Report: The Psychology of Earnings; The Contrarian View: Value - It's Not All Relative; Royce Special Equity Fund open only to existing shareholders and relationships as of February 29, 2012
February 2012 eWord Royce Looks Back at 2011, a Year of Correlation, Capitulation, and Consternation; Charlie Dreifus Reveals His Secret Sauce for Royce's Special Equity Funds; Small-Cap Market Cycle Performance; The Gannon Report: Growth Through Acquisitions in Uncertain Times; The Contrarian Report: Finding Opportunity in Correlated Markets; Exploring Global Small-Caps: Africa: Opportunities and Challenges in a Growing Economy
January 2012 eWord Small-Caps and Active Management: The Combination That Adds Value; Chuck Royce and Whitney George on 4Q 2011; David Nadel: A Look Back at 2011's Global Market and a Bullish Outlook for 2012; The Gannon Report: Is One Man's Index Another's Benchmark; The Contrarian View: The Road Not Taken: Thinking is a Critical Part of the Royce Approach
December 2011 eWord Experience and Focus Drive Royce Opportunity Fund's 15 Years; The Gannon Report: What Does Risk Mean in Today's Market?; Closed End Funds: 4Q Distributions, 3Q Reports and Royce Value Trust and Royce Focus Trust Celebrate Anniversaries
November 2011 eWord Rediscovering Royce Discovery Fund; Style Investing Revisited; Small-Cap Market Cycle Performance; The Gannon Report What If the "What-ifs" Don't Pan Out?; 3Q Materials Now Available: Fact Sheets, Quarterly Review Book, Fund Impact and Attribution Reports
October 2011 eWord Co-CIOs Chuck Royce and Whitney George on 3Q 2011; Conference Call; Focus on Europe: The Sovereign Debt Crisis, Currency Woes and Finding Quality; The Gannon Report: What's Important Now? As Always, Focusing on High-Quality Companies; Co-CIO Whitney George Celebrates 20 Years at Royce
September 2011 eWord Co-CIO Market Update; Conference Call Replay: Co-CIO Whitney George Sizes up the New Bear Market; Jay Kaplan on U.S. Debt and the Small-Cap Market; Charlie Dreifus Takes on Large-Caps; Intelligent Trading; The Gannon Report Staying the Course: Uncertainty Abounds, But Our Approach Remains Consistent; Financial Professionals: 2011 Semiannual Reports and Performance Discussions Now Available, 3Q Distributions Declared for Closed-End Funds
August 2011 eWord Co-CIO Interview: Whitney George on the Current Market; Royce's View on the First Half, Small-Caps and the Market: Déjà vu All Over Again?; Assessing Risks and Opportunities in Russia; The Gannon Report: Why Quality May Shine as Volatility Increases; Financial Professionals: 2Q'11 Impact and Attribution Reports Now Available
July 2011 eWord Chuck Royce on 2Q 2011: Recent Volatility is Not Surprising; In the Spotlight: Exposure to Small-Caps That Pay Dividends Is Important; The Gannon Report: 2010 Redux? A Normalized Environment Can Create Positive Long-Term Returns; Financial Professionals: 2Q'11 Quarterly Flash Now Available
June 2011 eWord Dividends Are a Sign of Quality and Corporate Commitment; Dividends Make A World of Difference in Global Markets; Uncovering Quality in Southeast Asia; The Gannon Report: Can Stocks Move Beyond Their Current Peaks?; VIDEO: Global Investing is a Mega-Trend
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.
The Royce Funds invest primarily in securities of mid-cap, small-cap and micro-cap stocks that may involve considerably more risk than investments in securities of larger-cap companies (see Primary Risks for Fund Investors in the prospectus).
-
©
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.
