Insights: Fund Focus | Royce Funds

    What’s the Secret Sauce behind Royce’s Premier Quality Strategy?

    by Steven McBoyle

    PM Steve McBoyle discusses the attributes that make our Premier Quality Strategy distinctive. ... Continue reading

    Fund Focus

    An Introduction To Royce's Premier Quality Strategy

    by Steven McBoyle

    PM Steven McBoyle on the attributes that differentiate Royce's high-quality "premier" small-cap strategy.

    Fund Focus

    Why PM Mark Rayner Says, “Stay Invested” in International Small-Caps

    by Mark Rayner

    Portfolio Manager Mark Rayner discusses the recent volatility in the global equity markets and how it’s impacting Royce International Premier Fund.

    Fund Focus

    Why Buzz Zaino Feels at Home With Housing Stocks

    by Buzz Zaino

    PM Buzz Zaino talks about housing industry’s post-Financial Crisis recovery and how that’s created opportunities for his deep value strategy.

    Fund Focus

    What a Small-Cap Value Veteran Likes about Technology

    by Buzz Zaino

    PM Buzz Zaino discusses the appeal of the industry dynamics in semiconductor & semiconductor capital equipment companies for his deep value strategy.

    Fund Focus

    Jay Kaplan: A Review and Outlook for Our Small-Cap Dividend Strategy

    by Jay Kaplan

    Portfolio Manager Jay Kaplan explains why a growing global economy could mean good things for our small-cap dividend value strategy.

    Fund Focus

    2017 Small-Cap Review and Outlook

    2017 was a terrific year for stocks across much of the globe—yet it was also a seemingly odd year, playing out much differently than we thought it would.

    Fund Focus

    PM Steven McBoyle’s Overview and Outlook for Our Quality Strategy

    PM Steven McBoyle reveals what worked in our quality—or “premier”—strategy in 2017

    Fund Focus

    Why Royce International Premier Now?

    by David Nadel

    Portfolio Manager David Nadel explores the positioning and outlook for his high-quality international small-cap portfolio and discusses some of the companies that fit his approach.

    Fund Focus

    International Premier: How to Uncover Quality in Int'l Small-Caps

    by David Nadel

    Portfolio Manager David Nadel explores key reasons to consider investing in international small-caps.

    Fund Focus

    How a Deep Value Approach Is Outperforming in a Growth-Led Market

    by Buzz Zaino

    What’s helping Buzz Zaino's deep value approach work well so far in 2017?

    Fund Focus

    Outlook and Opportunities in Premier Small-Caps

    by Steven McBoyle

    Portfolio Manager Steven McBoyle describes the attributes behind his quality approach and looks at what’s next for small-caps.

    Fund Focus

    Why Was 2016 a Great Year for Opportunity Fund?

    by Bill Hench

    Portfolio Manager Bill Hench explains what drove the strong performance in 2016.

    Fund Focus

    Lauren Romeo on Today's Opportunities in Quality Small-Caps

    Portfolio Manager Lauren Romeo talks about five key holdings and discusses sector and industry positioning.

    Fund Focus

    Royce Total Return Fund 2016 Review and Outlook

    by Jay Kaplan

    Portfolio Manager Jay Kaplan shares his outlook for Royce Total Return Fund and examines the Fund's year-to-date 2016 performance.

    Fund Focus

    What Does Increased M&A Activity Signal?

    by Jay Kaplan

    What is Portfolio Manager Jay Kaplan’s take on the first quarter’s increase in small-cap M&A activity?

    Fund Focus

    Outlook for Active Investors Amid Tepid Economic Growth

    by Charlie Dreifus

    Portfolio Manager Charlie Dreifus on worldwide economic progress, the current investment environment, and the outlook for his small-cap portfolio.

    Fund Focus

    Royce Special Equity Fund: Performance Turnaround and Investment Opportunities

    by Charlie Dreifus

    Portfolio Manager Charlie Dreifus looks at the factors that contributed to a stronger first-quarter performance for his small-cap portfolio.

    Fund Focus

    3 Questions for Chuck Royce on Pennsylvania Mutual Fund

    by Chuck Royce and Steve Lipper

    A close look at Royce Pennsylvania Mutual Fund's first-quarter performance and the rotation to small-cap value.

    Fund Focus

    Royce Small-Cap Value Fund's 1Q16 Turnaround

    by Jay Kaplan

    What drove the performance turnaround for Portfolio Manager Jay Kaplan in the first quarter?

    Fund Focus

    Risk, Volatility, and Royce Total Return Fund

    by Chuck Royce and Jay Kaplan

    How has Total Return fared in down market periods relative to its benchmark and peers?

    Fund Focus

    An Encouraging Market Turn For a Disciplined Contrarian

    Portfolio Manager Jay Kaplan looks at the recent market shift and discusses his contrarian approach with current holdings in retail and energy.

    Fund Focus

    What's Working in the Current Market?

    by Jay Kaplan

    Portfolio Manager Jay Kaplan looks at three holdings in the trucking and transport industry, which is bucking the market's downward trend in 2016.

    Fund Focus

    2016 Outlook for Royce Total Return Fund

    by Jay Kaplan

    Portfolio Manager Jay Kaplan offers his outlook for Royce Total Return Fund and discusses opportunities in the Consumer and Industrial sectors for the Fund.

    Fund Focus

    Royce Opportunity Fund Review and Outlook

    by Bill Hench

    Portfolio Manager Bill Hench looks at Royce Opportunity Fund’s performance in 2015, and explains what drives his optimism for the portfolio in 2016.

    Fund Focus

    A Disciplined Strategy Will Prove Its Merits

    by Charlie Dreifus

    Portfolio Manager Charlie Dreifus reviews 2015 performance for Royce Special Equity Fund and details the portfolio's disciplined strategy.

    Fund Focus

    Growth Themes Benefiting from a Steady Economy

    by Chip Skinner

    The volatile market is creating both successes and opportunities for our GARP portfolio, Royce Smaller-Companies Growth Fund.

    Fund Focus

    Managing a Portfolio of Premier Businesses

    by Steven McBoyle and Lauren Romeo

    Portfolio Managers Lauren Romeo and Steven McBoyle share the lessons they've learned from working with Chuck Royce.

    Fund Focus

    What Makes Royce Smaller-Companies Growth Fund Unique?

    by Chip Skinner

    Portfolio Manager Chip Skinner talks about the distinctive Growth at a Reasonable Price (“GARP”) approach he uses in Royce Smaller-Companies Growth Fund.

    Fund Focus

    Will Rate Increases Impact Investing in Dividend-Paying Companies?

    by Jay Kaplan

    To Portfolio Manager Jay Kaplan, the ways in which dividend income is generated and distributed could play a major role in determining the effects a rise in rates might have on dividend investors.

    Fund Focus

    Why Consider Royce Global Financial Services Fund?

    by Chuck Royce

    Unique among our product lineup, Royce Global Financial Services Fund explores the long-term, secular opportunities within the Financials sector.

    Fund Focus

    Royce Premier Fund: Looking for Enduring Franchises

    by Steven McBoyle and Lauren Romeo

    Portfolio Managers Lauren Romeo and Steven McBoyle on the characteristics they like to see in potential portfolio candidates.

    Fund Focus

    Micro-Cap Opportunity Fund: Exploiting Market Inefficiencies

    by Bill Hench

    A detailed look into Portfolio Manager Bill Hench's four opportunistic investment themes and how he manages risk in an inherently riskier part of the market.

    Fund Focus

    Royce Smaller-Companies Growth: Seeking Emerging Industry Leaders

    by Chip Skinner and Chuck Royce

    Listen to Portfolio Manager Chip Skinner share the details of his investment approach in Royce Smaller-Companies Growth Fund with CEO Chuck Royce.

    Fund Focus

    Royce International Premier: A Portfolio of World-Class Businesses

    by David Nadel and Chuck Royce

    CEO Chuck Royce and Portfolio Manager David Nadel discuss the types of companies we like to own in International Premier's portfolio and how we evaluate candidates.

    Fund Focus

    Micro-Caps Look Attractive in an Expanding Economy

    by Bill Hench

    Several sectors and industries within micro-cap appear compelling in a normalizing economy.

    Fund Focus

    Royce Global Financial Services: A Sector Fund with a Difference

    by Chuck Royce and Chris Clark

    A discussion about the secular opportunities—both domestically and abroad—that make financial services an appealing space for long-term investors.

    Fund Focus

    Small-Cap Value Fund: Trying to Profit from Low Expectations

    by Jay Kaplan and Francis Gannon

    As contrarian investors, our portfolio positioning is often at odds with the market's consensus.

    Fund Focus

    Total Return: Managing Risk by Investing in Dividend-Paying Stocks

    by Jay Kaplan and Francis Gannon

    At Royce, we're more interested in a company's ability to pay dividends over time than we are high yields.

    Fund Focus

    Collecting High-Quality Stocks for the Long Term

    by Chuck Royce and Francis Gannon

    A close look at the characteristics we typically seek for this Royce portfolio.

    Fund Focus

    Royce Pennsylvania Mutual: The Next Five Years for Our Flagship

    by Chuck Royce

    Here are some key takeaways for Royce Pennsylvania Mutual.

    Fund Focus
    • Organizing...

    Fund Manager Commentaries

    By David Nadel, Mark Rayner
    We remain sanguine about both our outlook and positioning, and 2017’s performance did not necessitate any significant repositioning in the portfolio.
    By Buzz Zaino, Bill Hench
    Holding companies in cyclical areas where turnarounds were just getting underway fuels our cautious optimism for 2018 as global growth should keep stoking demand.
    By Lauren Romeo, Chuck Royce, Jay Kaplan
    We are optimistic about the portfolio’s prospects as it leans towards factors that we believe will be rewarded—cyclicals, global exposure, and, often, high profitability.
    By Chuck Royce, Lauren Romeo, Steven McBoyle
    We believe that high-ROIC small-cap companies, many in our preferred cyclical areas, can continue to outperform.
    By Charlie Dreifus, Steven McBoyle
    The portfolio appears well-positioned to potentially benefit from a more volatile market in 2018 as it holds profitable companies that generate most of their earnings in the U.S.
    By Jay Kaplan, Chuck Royce
    Though we are cautious about the prospects for the small-cap index, we are optimistic about the portfolio’s potential as it leans towards factors that we believe will be rewarded.
    View Fund Performance

    My Funds

    Featured Funds

    By David Nadel, Mark Rayner
    We remain sanguine about both our outlook and positioning, and 2017’s performance did not necessitate any significant repositioning in the portfolio.
    By Buzz Zaino, Bill Hench
    Holding companies in cyclical areas where turnarounds were just getting underway fuels our cautious optimism for 2018 as global growth should keep stoking demand.

    All Funds2

     

    By Lauren Romeo, Chuck Royce, Jay Kaplan
    We are optimistic about the portfolio’s prospects as it leans towards factors that we believe will be rewarded—cyclicals, global exposure, and, often, high profitability.
    By Chuck Royce, Lauren Romeo, Steven McBoyle
    We believe that high-ROIC small-cap companies, many in our preferred cyclical areas, can continue to outperform.

     

     

    By Charlie Dreifus, Steven McBoyle
    The portfolio appears well-positioned to potentially benefit from a more volatile market in 2018 as it holds profitable companies that generate most of their earnings in the U.S.
    By Jay Kaplan, Chuck Royce
    Though we are cautious about the prospects for the small-cap index, we are optimistic about the portfolio’s potential as it leans towards factors that we believe will be rewarded.

     

    All Funds

     

    By David Nadel, Mark Rayner
    We remain sanguine about both our outlook and positioning, and 2017’s performance did not necessitate any significant repositioning in the portfolio.
    By Buzz Zaino, Bill Hench
    Holding companies in cyclical areas where turnarounds were just getting underway fuels our cautious optimism for 2018 as global growth should keep stoking demand.
    By Lauren Romeo, Chuck Royce, Jay Kaplan
    We are optimistic about the portfolio’s prospects as it leans towards factors that we believe will be rewarded—cyclicals, global exposure, and, often, high profitability.
    By Chuck Royce, Lauren Romeo, Steven McBoyle
    We believe that high-ROIC small-cap companies, many in our preferred cyclical areas, can continue to outperform.
    By Charlie Dreifus, Steven McBoyle
    The portfolio appears well-positioned to potentially benefit from a more volatile market in 2018 as it holds profitable companies that generate most of their earnings in the U.S.
    By Jay Kaplan, Chuck Royce
    Though we are cautious about the prospects for the small-cap index, we are optimistic about the portfolio’s potential as it leans towards factors that we believe will be rewarded.
    View Fund Performance

    My Funds

    Featured Funds

    By David Nadel, Mark Rayner
    We remain sanguine about both our outlook and positioning, and 2017’s performance did not necessitate any significant repositioning in the portfolio.
    By Buzz Zaino, Bill Hench
    Holding companies in cyclical areas where turnarounds were just getting underway fuels our cautious optimism for 2018 as global growth should keep stoking demand.

    All Funds2

     

    By Lauren Romeo, Chuck Royce, Jay Kaplan
    We are optimistic about the portfolio’s prospects as it leans towards factors that we believe will be rewarded—cyclicals, global exposure, and, often, high profitability.
    By Chuck Royce, Lauren Romeo, Steven McBoyle
    We believe that high-ROIC small-cap companies, many in our preferred cyclical areas, can continue to outperform.

     

     

    By Charlie Dreifus, Steven McBoyle
    The portfolio appears well-positioned to potentially benefit from a more volatile market in 2018 as it holds profitable companies that generate most of their earnings in the U.S.
    By Jay Kaplan, Chuck Royce
    Though we are cautious about the prospects for the small-cap index, we are optimistic about the portfolio’s potential as it leans towards factors that we believe will be rewarded.

     

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