Charles  M.  Royce

President and Chief Investment Officer

Portfolio Manager

Royce Pennsylvania Mutual Fund

Royce 100 Fund

Royce Dividend Value Fund

Royce European Smaller-Companies Fund

Royce Financial Services Fund

Royce Heritage Fund

Royce International Smaller-Companies Fund

Royce Micro-Cap Trust

Royce Premier Fund

Royce Select Fund I

Royce Select Fund II

Royce SMid-Cap Select Fund

Royce SMid-Cap Value Fund

Royce Total Return Fund

Royce Value Trust

Charles M. Royce is President and Chief Investment Officer of Royce & Associates, LLC and President of The Royce Funds, a position he has held since 1972.

Mr. Royce serves as Portfolio Manager of Royce Pennsylvania Mutual, Total Return, Heritage, 100, Financial Services, European Smaller-Companies and International-Smaller Companies Funds, as well as two of the firm’s closed-end portfolios, Royce Value Trust and Royce Micro-Cap Trust. He also co-manages Royce Premier Fund with Whitney George, Royce Select Fund I with Lauren Romeo, Royce Select Fund II with James Harvey, Royce Dividend Value Fund with Jay Kaplan and both Royce SMid-Cap Value and SMid-Cap Select Funds with Steven McBoyle. He has 45 years of investment experience, with 35 years as a smaller-company value portfolio manager.

Prior to 1972, Mr. Royce served as the Director of Research at Scheinman, Hochstin, Trotta, and as a security analyst at Blair & Co. He received a bachelor’s degree from Brown University and earned a Master of Business Administration degree from Columbia University.

For more than 35 years, Royce & Associates has utilized a disciplined value approach to select smaller companies for our investment portfolios.