Chuck Royce on WealthTrack: Small-Cap Revival
article 10-01-2019

Chuck Royce on WealthTrack: Small-Cap Revival

In his interview with Consuelo Mack WealthTrack, Chuck Royce talks about small-cap performance prospects, five holdings he likes, and why he’s excited about international small-cap stocks.

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Courtesy of Consuelo Mack WealthTrack. All Rights Reserved.

On September 27, 2019 Chuck Royce was a guest on Consuelo Mack WealthTrack.

She and Chuck covered a wide range of topics in the interview, including why active management matters and the recent performance disparity between small- and large-cap stocks as being part of the normal ebb and flow of the market.

The discussion also detailed his views on the economy, where he has concerns but sees little likelihood of a recession. Chuck discussed that the firm’s macro views are largely informed by our meetings with company management teams.

He and Consuelo also discussed five holdings he likes and why he remains enthusiastic about the long-term prospects for international small-cap stocks.

Learn more about Chuck Royce here.

Important Disclosure Information

Percentage of Fund Holdings As of 6/30/2019 (%)

  Ares
Management
John Bean
Technologies
Lincoln
Electric
Pason
Systems
Quaker
Chemical

Royce Dividend Value Fund

0.0

0.0

0.8

0.0

3.0

Royce Global Financial Services Fund

2.6

0.0

0.0

0.0

0.0

Royce Global Value Trust

0.0

0.0

0.0

0.0

1.0

Royce Pennsylvania Mutual Fund

1.0

0.8

0.7

0.8

1.2

Royce Premier Fund

2.7

2.9

2.8

2.1

2.3

Royce Micro-Cap Trust

0.0

0.0

0.0

0.5

1.0

Royce Total Return Fund

1.7

0.0

0.7

0.6

1.9

Royce Value Trust

1.2

0.8

0.7

0.9

1.7

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.

Chuck Royce is Chairman and Portfolio Manager of Royce & Associates, LP, investment adviser to The Royce Funds. Mr. Royce's thoughts in this interview concerning the stock market reflect his opinions and, of course, there can be no assurance with regard to future market movements. No assurance can be given that the past performance trends as outlined above will continue 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. Smaller-cap stocks may involve considerably more risk than larger-cap stocks. (Please see "Primary Risks for Fund Investors" in the prospectus.)

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