article 02-21-2017

WealthTrack Web Extra: Charlie Dreifus on Investment Comfort Levels

In this exclusive WealthTrack Web Extra, Portfolio Manager Charlie Dreifus talks with Consuelo Mack about his investment rule, "invest to your sleeping comfort."

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As a companion piece to his WealthTrack interview on February 10, 2017, Portfolio Manager Charlie Dreifus talked about his investment rule, "investing to your sleeping comfort," with Consuelo Mack in an exclusive WealthTrack Web Extra segment.

"The adage has been to invest in a mix of assets that doesn't keep you awake at night, and that allows you to sleep," said Charlie. "There should be comfort. You should not be stressed out about your investments," he added.

Charlie Dreifus has 48 years of investment industry experience and joined Royce in 1998. He is portfolio manager of Royce Special Equity Multi-Cap Fund and Royce Special Equity Fund.

Watch Charlie Dreifus's full Consuelo Mack WealthTrack interview here.

Important Disclosure Information

Charlie Dreifus is a Portfolio Manager of Royce & Associates, LP, investment adviser to The Royce Funds. He is the portfolio manager of Royce Special Equity Fund and Royce Special Equity Multi-Cap Fund. The thoughts and opinions expressed in the interview are solely those of the person speaking and may differ from those of other Royce investment professionals, or the firm as a whole. There can be no assurance with regard to future market movements. There can be no assurance that companies that currently pay a dividend will continue to do so in the future.

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 Multi-Cap Fund invests primarily in mid-cap and larger-cap stocks, and Royce Special Equity Fund invests primarily in small-cap stocks. Investments in securities of small-cap and mid-cap stocks may involve considerably more risk than larger-cap stocks. (Please see "Primary Risks for Fund Investors" in the prospectus.) The Funds generally invest a significant portion of their 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. Royce Special Equity Multi-Cap Fund may invest up to 25% of its net assets in foreign securities (measured at the time of investment), which may involve political, economic, currency, and other risks not encountered in U.S. investments. (Please see "Investing in Foreign Securities" in the prospectus.)

Russell Investment Group is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. Russell® is a trademark of Russell Investment Group. The Russell 1000 index is an unmanaged, capitalization-weighted index of domestic large-cap stocks. It measures the performance of the 1,000 largest publicly traded U.S. companies in the Russell 3000 index. The Russell 2000 is an unmanaged, capitalization-weighted index of domestic small-cap stocks. It measures the performance of the 2,000 smallest publicly traded U.S. companies in the Russell 3000 index. The S&P 500 is an index of U.S. large-cap stocks selected by Standard & Poor's based on market size, liquidity, and industry grouping, among other factors. The performance of an index does not represent exactly any particular investment, as you cannot invest directly in an index.

As of 12/31/16, Vanguard Life Strategy Moderate Growth Fund was 0.0% of Royce Special Equity Fund's assets, and 0.0% of Royce Special Equity Multi-Cap Fund's assets.

There can be no assurance that any of the securities mentioned in the video will be included in these portfolios in the future. References to specific securities in this video are not intended as recommendations and should not be relied upon as the basis for anyone to buy, sell, or hold any security.

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