A Contrarian Approach to Small-Cap Retailers

    by Jay Kaplan

    Why is Jay Kaplan bullish on small-cap retail companies? ... Continue reading

    Investment Approach

    The Benefits of a Lower Volatility Strategy in an Uncertain Market

    by Jay Kaplan

    What are the benefits of a lower volatility strategy in an uncertain market, and why might dividend-paying companies be attractive?

    Investment Approach

    The Contrarian View of Small-Cap Industrials

    Portfolio Manager Steven McBoyle and Senior Investment Strategist Steve Lipper discuss the attributes of industrial companies they find attractive, in an area many investors are overlooking.

    Investment Approach

    Examining an Absolute Value Approach

    by Charlie Dreifus

    Portfolio Manager Charlie Dreifus provides a look at his absolute value approach.

    Investment Approach

    Bill Hench Sees a Deep Value Opportunity in Industrial Manufacturing

    by Bill Hench

    Why do industrial manufacturing companies interest Portfolio Manager Bill Hench?

    Investment Approach

    A Look Into a Contrarian Value Approach

    by Jay Kaplan

    A contrarian value investor, Portfolio Manager Jay Kaplan shares what distinguishes his approach.

    Investment Approach

    Signs of a Market Rotating Back to Value

    by Francis Gannon and Chris Clark

    Royce's Co-CIOs, President Chris Clark and Managing Director Francis Gannon, discuss the performance turnaround in the first quarter and how we've positioned our business for a return to normalization.

    Investment Approach

    Understanding The Royce Funds' 1Q16 Performance

    by Steve Lipper

    With a strong performance across The Royce Funds lineup in the first quarter, Senior Investment Strategist Steve Lipper examines the value, core, and growth funds.

    Investment Approach

    The Royce Funds Show Shift, Outperform YTD

    by Chris Clark and Francis Gannon

    Royce's Co-CIOs Chris Clark and Francis Gannon on The Royce Funds' recent performance turnaround.

    Investment Approach

    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.

    Investment Approach

    Seizing Opportunities When the Market Pulls Back

    by Chip Skinner

    Portfolio Manager Chip Skinner looks at the current volatile market and explains how a GARP investor tries to take advantage of market corrections.

    Investment Approach

    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.

    Investment Approach

    How Does Market Volatility Usually Affect Investing in Small-Caps?

    by Jay Kaplan

    To us, volatile periods provide opportunities to purchase quality stocks at a discount.

    Investment Approach

    How Should an Asset Allocator Think About The Royce Funds Today?

    by Steve Lipper and Francis Gannon

    While each Royce portfolio uses a disciplined, bottom-up approach to stock selection, our varied investment approaches give investors options depending on where they think the economy and markets are heading.

    Investment Approach

    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.

    Investment Approach

    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.

    Investment Approach

    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.

    Investment Approach

    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.

    Investment Approach

    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.

    Investment Approach

    The Benefits of Being Temporarily Out of Favor

    by Lauren Romeo

    Investor preferences have not been kind to our style of investing over the past couple of years—and this has created opportunities.

    Investment Approach

    Searching for Sustainable Growth in Malaysia

    by Dilip Badlani

    Focusing on non-U.S. companies that have the ability to grow irrespective of market environments.

    Investment Approach

    U.S. Small-Caps: A Look Forward and a Look Back

    by Bill Hench

    A deeper look into the small-cap market's strong long-term returns suggests that there is still untapped potential in stocks investors have mostly passed by.

    Investment Approach

    How Are We Responding to This Challenging Period?

    by Chuck Royce and Francis Gannon

    While our underlying process has not changed, we have made several adjustments that we believe will strengthen the firm for the future.

    Investment Approach

    Taking Stock of the Changing Environment

    by Chris Clark

    President Chris Clark addresses the challenges we face as a firm and how we're making strides to better serve our clients.

    Investment Approach

    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.

    Investment Approach

    The Foundations for Royce's Future Success

    by Chris Clark

    Royce's President Chris Clark reflects on his first year in this leadership role, the performance challenges we face, and how we are positioning the business for the long-term benefit of our shareholders.

    Investment Approach

    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.

    Investment Approach

    Micro-Caps Look Attractive in an Expanding Economy

    by Bill Hench

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

    Investment Approach

    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.

    Investment Approach

    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.

    Investment Approach

    Can a Slow-Growth Environment Create Opportunities?

    by Bill Hench

    Portfolio Manager Bill Hench is taking advantage of current market and economic conditions.

    Investment Approach

    Royce Pennsylvania Mutual: The Next Five Years for Our Flagship

    by Chuck Royce

    Here are some key takeaways for Royce Pennsylvania Mutual.

    Investment Approach

    What's Next for Active Small-Cap Investing?

    by Chuck Royce, Charlie Dreifus, Bill Hench, Lauren Romeo, Francis Gannon, Steve Lipper, and Jack Fockler

    Why the next few years will not look like the last five for small-cap stocks.

    Investment Approach

    Signs of a Normalizing Market

    by Chris Clark

    Quantitative easing as we have known it in the U.S. has ended, and we are anticipating a more favorable environment for active management in the years ahead.

    Investment Approach

    The Perfect Storm for Risk-Conscious Active Managers

    by Steve Lipper and Francis Gannon

    How have narrow credit spreads, lower-than-average volatility, and higher-than-usual small-cap returns put pressure on active stock pickers with a quality focus?

    Investment Approach

    Premier: Building a High-Conviction Portfolio of Superior Businesses

    by Lauren Romeo and Steve Lipper

    Portfolio Manager Lauren Romeo discusses the investment strategy for Royce Premier Fund.

    Investment Approach

    Bill Hench on Consumer and Tech Stocks

    by Bill Hench and Jeff Smith

    What consumer and technology areas most interest Portfolio Manager Bill Hench?

    Investment Approach

    Great Expectations for Small-Cap Active Management

    by Chuck Royce, Chris Clark, and Francis Gannon

    Widening credit spreads, increasing volatility, and decreasing stock correlation should allow stock pickers the chance to emerge as performance leaders.

    Investment Approach

    Looking at Returns in Today's Environment

    by Chuck Royce and Francis Gannon

    The last four years have been a period in which government intervention has largely distorted asset prices. How should investors look at performance during this time frame?

    Investment Approach

    What is a Deep Value Investor?

    by Chris Flynn

    Portfolio Manager Chris Flynn talks about his contrarian, deep value approach to stock picking.

    Investment Approach

    Avoiding Value Traps and Aggressive Growth

    by Jim Stoeffel and Francis Gannon

    Meeting with company management teams is one way Portfolio Manager Jim Stoeffel attempts to find value and reduce risk.

    Investment Approach

    Investing During Turbulent Markets

    by Chris Flynn

    As value investors, we believe corrections can act as an ally in our search for discounted small-cap companies.

    Investment Approach

    A Healthy Skepticism is Key to Managing Risk

    by Jim Stoeffel and Francis Gannon

    Portfolio Manager Jim Stoeffel brings skills from his auditing background to his investment style.

    Investment Approach

    Portfolio Replenishing During Bull Markets

    by Bill Hench and Dave Gruber

    As a value investor, how does Portfolio Manager Bill Hench find new names in an environment of high valuations?

    Investment Approach

    Current Opportunities Built from Short-Term Headwinds

    by Lauren Romeo and Jeff Smith

    How do macroeconomic and geopolitical issues impact our investment approach?

    Investment Approach

    Think About Active Management in Small-Caps

    by Francis Gannon

    Today, approximately 25% of the Russell 2000 Index is comprised of small-cap companies with no earnings.

    Investment Approach

    Finding Small-Cap Opportunities in Technology and Energy

    by Jim Stoeffel and Francis Gannon

    Portfolio Manager Jim Stoeffel on mobile technology infrastructure and energy services companies.

    Investment Approach

    Building a Database of Quality Businesses

    by Steven McBoyle and Francis Gannon

    Portfolio Manager Steven McBoyle on three key investment tenets that we call the enterprise conviction framework.

    Investment Approach

    Maintaining a Consistent Portfolio Approach

    by Bill Hench

    Portfolio Manager Bill Hench on the process and philosophy he and Buzz Zaino use when managing their portfolios.

    Investment Approach

    Royce Opportunity Fund: Looking for Success in Turnarounds

    by Buzz Zaino and Bill Hench

    Opportunity Fund's unique take on small-cap value investing makes it a viable choice for long-term investors with a reasonable tolerance for risk

    Investment Approach

    The Royce Funds: A Culture of Discipline and Consistency

    by Chris Clark

    "When people find their way to Royce, they tend to stay, and it really has a very meaningful impact on our domain knowledge and the collaboration that we see across our fund lineup."

    Investment Approach

    The State of Small-Cap Valuations and Holding High-Confidence Names

    by Jay Kaplan

    As a portfolio manager who approaches stock picking with a business-buyer's perspective, what have been Jay Kaplan's biggest challenges so far in 2014?

    Investment Approach

    Capital Allocation and Risk Management

    by Steven McBoyle and Francis Gannon

    How does capital allocation fit into our efforts to manage risk?

    Investment Approach

    How In-Depth Accounting Analysis Helps Find Good Investments

    by Charlie Dreifus and Dave Gruber

    Applying the lessons of the late Abe Briloff.

    Investment Approach

    Current Turnaround Candidates

    by Bill Hench and Dave Gruber

    How do these four holdings exemplify Portfolio Manager Bill Hench's investment approach?

    Investment Approach

    Bullish on the U.S. Manufacturing Renaissance and Cyclical Businesses

    by Steven McBoyle and Francis Gannon

    Portfolio Manager Steven McBoyle believes the U.S. offers a number of attractive investments.

    Investment Approach

    Why Large-Caps Looked Attractive to This Small-Cap Portfolio Manager

    by Charlie Dreifus and Dave Gruber

    Portfolio Manager Charlie Dreifus on finding opportunities in the large-cap space.

    Investment Approach

    There's No Such Thing as a Sure Thing

    by Jack Fockler

    In this business, every asset manager must live with the reality of the scorecard.

    Investment Approach

    Why Individual Stock Selection Matters in Today's Environment

    by Bill Hench and Dave Gruber

    Our job is to find temporarily inexpensive stocks that will one day appreciate in value.

    Investment Approach

    Current Opportunities in Consumer Discretionary

    by Charlie Dreifus and Dave Gruber

    Why is Portfolio Manager Charlie Dreifus bullish on Consumer Discretionary names, particularly retailers?

    Investment Approach

    Drawing Parallels Between Company Quality and Economic Strength

    by Francis Gannon

    As August begins and markets move further into 2014, it's interesting to look at first-half results in the broader context of the last five years.

    Investment Approach

    Royce's Dividend-Paying Mutual Funds

    by Jay Kaplan and Francis Gannon

    Our dividend-paying funds focus on total return, not yield.

    Investment Approach

    Royce Small-Cap Value Fund's Investment Strategy

    by Jay Kaplan and Francis Gannon

    Jay Kaplan provides a detailed look into how he manages Royce Small-Cap Value Fund.

    Investment Approach

    When is it Time to Sell: A WWE Case Study

    by Jay Kaplan

    Portfolio Manager Jay Kaplan walks through the steps that led us to sell a long-held position.

    Investment Approach

    How Jay Kaplan Interprets Royce's Investment Process

    by Jay Kaplan and Francis Gannon

    How does Portfolio Manager and Principal Jay Kaplan apply our process on a daily basis?

    Investment Approach

    Why We're Often Bullish When the Market Turns Bearish

    by Francis Gannon

    Is the market finally beginning to reward the kind of patient and disciplined stock selection that has always been a hallmark here at Royce?

    Investment Approach

    Royce Dividend Value Fund Celebrates 10 Years of History

    by Chuck Royce and Jay Kaplan

    We believe that dividend-paying small-caps and mid-caps offer investors many advantages, especially at this point in the economic and stock-market cycle.

    Investment Approach

    Combining the Elements of a Value and Growth Approach

    by Chip Skinner

    A more singular product in our lineup of offerings, Royce Smaller-Companies Growth Fund is a growth-oriented portfolio with a value overlay.

    Investment Approach

    Chip Skinner on 1Q14: Looking at Current Long-Term Growth Plays

    by Chip Skinner

    While the pace of returns cooled to kick off 2014, we think the bull market still has legs.

    Investment Approach

    Gain International Exposure with Small-Caps

    by David Nadel

    Investors should consider adding international small-caps to their portfolio to gain exposure to new businesses and to take advantage of compelling valuations and depressed profit margins.

    Investment Approach

    A Focus on Dividends and Cash Flow

    by Charlie Dreifus

    We view the practice of consistently paying dividends as a sensible act of corporate governance.

    Investment Approach

    Getting Rightsized with Small-Caps

    by Gunjan Banati

    How are we applying our small-cap expertise to the micro-cap and smid-cap segments?

    Investment Approach

    Finding Value in More Economically Sensitive Sectors

    by Lauren Romeo

    Portfolio Manager Lauren Romeo likes how Royce 100 Fund is positioned for the long-term.

    Investment Approach

    The State of International Small-Cap

    by Francis Gannon

    How much of a contribution have overseas revenues made to last year's dynamic domestic small-cap rally, and where do we stand on international investing?

    Investment Approach

    Royce Special Equity Multi-Cap's Notable Three-Year Record

    by Charlie Dreifus

    Why, after 40 years of investing almost exclusively in smaller companies, did we turn our sights toward the large-cap space?

    Investment Approach

    How Charlie Dreifus Uncovers Absolute Value

    by Charlie Dreifus

    What type of businesses does Portfolio Manager and Principal Charlie Dreifus seek for his portfolios, and what metrics does he use to determine whether or not they will provide a desired rate of absolute return?

    Investment Approach

    Some Small-Caps Are More Global Than Others

    by Francis Gannon

    Small-caps vary widely in the percentage of revenue they generate from outside the U.S. Francis Gannon looks at why that may become more important in the months ahead.

    Investment Approach

    GameStop and Our Long-Term, Contrarian Investment Approach

    by Jay Kaplan

    What is it about GameStop that has made it attractive to contrarian investors like us?

    Investment Approach

    Quality, Low-Leverage Companies Should Benefit from Tapering

    by Francis Gannon

    To us, quality companies are those that are conservatively capitalized.

    Investment Approach

    A Theme-Based Approach to Small-Cap Investing

    by Bill Hench

    Portfolio Manager Bill Hench discusses the strategy used in building Royce Opportunity and Opportunity Select Funds' performance records.

    Investment Approach

    Are Investors Paying More Attention to Quality Small-Caps?

    by Francis Gannon

    Historically, prudently capitalized, well-managed companies have been solid investments, and we believe they will be once again.

    Investment Approach

    Exploring Compelling Investment Themes in an Atypical Market

    by Chip Skinner

    Portfolio Manager and Principal Chip Skinner discusses areas of the market that he believes are providing attractive opportunities and companies that exemplify the themes he’s been developing.

    Investment Approach
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    Fund Manager Commentaries

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