Special Equity in Morningstar's "6 Funds That Stand Tall Amid 2016's Market Rout"
article 02-03-2016

Special Equity in Morningstar's "6 Funds That Stand Tall Amid 2016's Market Rout"

Morningstar's Russ Kinnel recognizes Royce Special Equity Fund, managed by Charlie Dreifus for having "distinguished performance, year to date." 

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Morningstar highlighted Royce Special Equity Fund in “6 Funds That Stand Tall Amid 2016's Market Rout” as a small-cap fund with a "distinguished performance, year to date."

The Morningstar video report, with Russel Kinnel and Christine Benz, focused on "Defensive-minded funds holding cash, gold, and high-quality companies have tended to outperform peers so far this year."

Kinnel discusses Portfolio Manager Charlie Dreifus's investment discipline, and praises the fund's performance in 2016.

"But what Charlie Dreifus does is he looks for companies with very good accounting, very good balance sheets. That keeps him out of energy and keeps him out of some of the other economically vulnerable names. So, even though the fund had a rough performance last year, it's a relief to see that it's holding up much better... this year."

Charlie also manages Royce Special Equity Multi-Cap Fund, which applies this same investment discipline to a broader market-capitalization range: a significant portion of its assets may be invested in mid-cap and large-cap companies with market capitalizations of more than $5 billion.

Watch the video here

Important Disclosure Information

This material is not authorized for distribution unless preceded or accompanied by a current prospectus. Please read the prospectus carefully before investing or sending money. Royce Special Equity Fund invests primarily in small-cap stocks which may involve considerably more risk than investing in larger-cap stocks. (Please see "Primary Risks for Fund Investors" in the prospectus.) As of 12/31/15, the Fund invested a significant portion of its assets in a limited number of stocks, which may involve considerably more risk than a more broadly diversified portfolio because a decline in the value of any of these stocks would cause the Fund’s overall value to decline to a greater degree.

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