John D. Diederich, Managing Director and Chief Operating Officer of Royce & Associates, LLC, checks out the new prospectuses, which you can download here.

Kiplinger's lauds Royce Value Plus Fund (RYVPX) in the "small-and mid-size company category."
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The Wall Street Journal lists Royce Global Select Fund (RSFTX) as a top "Small-Cap Growth Equity Fund" in its Mutual Funds Quarterly Review. Read more >>

Royce Micro-Cap Fund, Royce Premier Fund, and Royce Low-Priced Stock Fund remain closed to new investors, but are open to additional investments by existing shareholders and to financial advisors with existing clients in the Funds. Read More >>

Read past issues in the eWord Archive.

Sporting a new design, the prospectuses detail some important new changes: Among a handful of changes, Investment Class shares of Royce Low-Priced Stock, Heritage, Value, Value Plus and 100 Funds have been added – with a higher minimum initial investment requirement of $100,000.
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…and we've also updated the Shareholder Guide.

"We are more than happy to accept being out of sync with a small-cap index over short-term time periods, as long as Royce Total Return Fund's long-term and market-cycle results are strong. Equally important to us have been the Fund's strong volatility scores." Read More >>

Royce Value Plus Fund (RYVPX) : James (Chip) Skinner has been named lead Portfolio Manager, with Whitney George moving to Assistant Portfolio Manager.

Royce Dividend Value Fund (RYDVX) : Jay Kaplan has been added as Co-Portfolio Manager.

Pennsylvania Mutual Fund (PENNX) : Frank Gannon has been added as an Assistant Portfolio Manager.

Royce Total Return Fund (RYTFX) : Chris Flynn has been added as an Assistant Portfolio Manager