Chuck Royce in Forbes
article 10-17-2018

Chuck Royce in Forbes

Chuck Royce was mentioned in a Forbes article by John Dorfman about stocks Dorfman picks yearly for his portfolio that are purloined from money managers he respects.

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Forbes recently featured Chuck Royce in an article titled “6 Stolen Stock Picks For An Uncertain Market” by John Dorfman.

Read the piece here.

John says each year he creates a portfolio dubbed Purloined Portfolio, which is compiled of stocks he found in “the holdings of rival money managers I respect.”

Chuck is one of the six portfolio managers mentioned in the article, and John notes Chuck’s preference to small-cap and mid-cap stocks. From Chuck’s Royce Pennsylvania Mutual Fund holdings as of June 30, 2018, John picked Cohu (COHU), which is a California-based company that manufactures semiconductor test equipment.

“Cohu has a very strong balance sheet, with debt only 3% of stockholders’ equity,” John adds. “Its profits have been erratic, but better in recent years.”

Read the piece here.

 

More from Chuck on Royce Pennsylvania Mutual Fund

 

Bio of Chuck Royce

Charles M. Royce is known as one of the pioneers of small-cap investing and has 56 years of experience. He has been the portfolio manager for Royce Pennsylvania Mutual Fund since 1972, and he currently manages eight funds at the firm. Mr. Royce holds a bachelor's degree from Brown University and a Master of Business Administration from Columbia University.

Important Disclosure Information

Royce Pennsylvania Mutual Fund - Average Annual Total Returns as of 9/30/18 (%) 
 
QTR1
YTD1
1YR
3YR
5YR
10YR
15YR
20YR
30YR
45YR
4.68
10.65
15.14
18.27
9.40
10.24
10.12
10.91
10.79
12.84
Russell 2000
3.58
11.51
15.24
17.12
11.07
11.11
10.12
9.45
10.01
N/A

Annual Operating Expenses: 0.92% 

1 Not annualized.

All performance information reflects past performance, is presented on a total return basis, reflects the reinvestment of distributions, and does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, so that shares may be worth more or less than their original cost when redeemed. Shares redeemed within 30 days of purchase may be subject to a 1% redemption fee, payable to the Fund, which is not reflected in the performance shown above; if it were, performance would be lower. Current month-end performance may be higher or lower than performance quoted and may be obtained at www.roycefunds.com. Operating expenses reflect the Fund's total annual operating expenses for the Investment Class as of the Fund's most current prospectus and include management fees and other expenses.

Percentage of Fund Holdings As of 9/30/2018 (%)

  Royce Pennsylvania Mutual Fund
Cohu 0.4%

Company examples are for illustrative purposes only. This does not constitute a recommendation to buy or sell any stock. There can be no assurance that the securities mentioned in this piece will be included in any Fund’s portfolio in the future.

Frank Russell Company (“Russell”) is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. Neither Russell nor its licensors accept any liability for any errors or omissions in the Russell Indexes and / or Russell ratings or underlying data and no party may rely on any Russell Indexes and / or Russell ratings and / or underlying data contained in this communication. No further distribution of Russell Data is permitted without Russell’s express written consent. Russell does not promote, sponsor or endorse the content of this communication. The Russell 2000 Index 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 performance of an index does not represent exactly any particular investment, as you cannot invest directly in an index.

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. The Fund invests primarily in small-cap and micro-cap stocks, which may involve considerably more risk than investing in larger-cap stocks. (Please see "Primary Risks for Fund Investors" in the prospectus.) The Fund’s broadly diversified portfolio does not ensure a profit or guarantee against loss. The Fund may invest up to 25% of its net assets in foreign securities that may involve political, economic, currency, and other risks not encountered in U.S. investments.(Please see "Investing in Foreign Securities" in the prospectus.)

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