James  A.  Skinner III

Portfolio Manager and Principal

CFA

Portfolio Manager

Royce Value Plus Fund

Assistant Portfolio Manager

Royce Low-Priced Stock Fund

James A. (Chip) Skinner III, CFA, is a Portfolio Manager and Principal for Royce & Associates, LLC, investment advisor to The Royce Funds.

Mr. Skinner serves as Portfolio Manager for Royce Value Plus Fund and as an Assistant Portfolio Manager for Royce Low-Priced Stock Fund. He has 22 years of investment industry experience.

Prior to joining Royce & Associates in 2003, Mr. Skinner co-founded and managed a focused small-cap hedge fund for Accrete Capital, LLC. Prior to that, he was employed by Merrill Lynch/Mercury Asset Management, plc, as a Managing Director and Senior Portfolio Manager (1994-2002), managing the firm’s U.S. small-cap growth equity unit trust and mutual fund product. Prior to that, he was a portfolio manager and analyst for Gartmore, plc, (1991-1994). Mr. Skinner began his career as a Vice President/Lending Officer for Dominion Bankshares, lending funds to small- and medium-sized companies.

Mr. Skinner has a bachelor’s degree from Washington & Lee University and earned an Executive Master of Business Administration degree from Vanderbilt University’s Owen Graduate School of Management.

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