"The low-priced stock universe is a rich stomping ground for investors willing to do close and careful research," opines The Motley Fool's (fool.com) Tim Hanson. Royce Low-Priced Stock Fund (RYLPX) gets kudos from Hanson, along with its Fidelity counterpart, as successful mutual funds that have mined this niche. Although Hanson admits that many low-priced the stocks can be "garbage," he quotes Royce Managing Director Jack Fockler's positive perspective: " If you apply rigorous quality standards to a universe that people write off, you can find some interesting things."
Please read the prospectus carefully and take into consideration the Fund's objective, risk profile, fund fees and other expenses, before investing or sending money. The Royce Funds invest primarily in securities of smaller companies, which may involve considerably more risk than investments in securities of larger-cap companies (see "Primary Risks for Fund Investors" in prospectus). Distributor: Royce Fund Services, Inc.