Jay Kaplan On TD Ameritrade Network: Finding Opportunities In Small-Caps
article 10-09-2019

Jay Kaplan On TD Ameritrade Network: Finding Opportunities In Small-Caps

PM Jay Kaplan was a guest on TD Ameritrade Network’s Morning Trade Live to discuss taking advantage of short-term volatility, consumer spending, and more.

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Jay Kaplan recently joined host Oliver Renick on TD Ameritrade Network’s Morning Trade Live to discuss the sustainability of small-cap value leading growth and why he is currently interested in small-cap footwear.

Watch Jay’s appearance here.

“What I can tell you is that there are plenty of interesting, inexpensive, [and] really good companies in the small-cap value world, and that is what we’re trying to do here at Royce,” Jay said in the interview. “We think three to five years out, and if we can buy really good companies while there is a cloud over the world, and while P/Es are low, and dividends are good but businesses are fine: you know we would like to do that all day long and we think that over time we will be rewarded for doing that.”

Watch Jay’s appearance here.

Learn more about Jay Kaplan here.

Important Disclosure Information

Mr. Kaplan’s thoughts and opinions concerning recent market movements and future prospects for small-company stocks are solely those of Royce & Associates, LP, and, of course, there can be no assurances with respect to future small-cap market performance.

Percentage of Fund Holdings As of 9/30/2019 (%)

  Shoe Carnival

Royce Capital Fund - Small-Cap Portfolio

1.8

Royce Dividend Value Fund

0.0

Royce Pennsylvania Mutual Fund

0.4

Royce Small-Cap Value Fund

1.9

Royce Total Return Fund

0.6

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.

Sector weightings are determined using the Global Industry Classification Standard ("GICS"). GICS was developed by, and is the exclusive property of, Standard & Poor's Financial Services LLC ("S&P") and MSCI Inc. ("MSCI"). GICS is the trademark of S&P and MSCI. "Global Industry Classification Standard (GICS)" and "GICS Direct" are service marks of S&P and MSCI.

The ISM Manufacturing Index (ISM) monitors employment, production, inventories, new orders and supplier deliveries.

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. 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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