Jay Kaplan Talks Small-Cap Apparel On CNBC
article 10-16-2019

Jay Kaplan Talks Small-Cap Apparel On CNBC

PM Jay Kaplan was a guest on CNBC’s Nightly Business Report to discuss three small-cap apparel opportunities and why he looks for dividends in companies.

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Jay Kaplan recently joined hosts Bill Griffeth and Sue Herera on CNBC’s Nightly Business Report to discuss three opportunities in small-cap apparel.

Watch Jay’s appearance here (begins at the 16:58 mark).

Jay also detailed why he is confident in consumer spending. “When we talk about the fear of recession, and by the way there is no recession yet, consumer spending is still okay and the stocks have really discounted a terrible outlook—and I don’t think the outlook is quite that bad,” Jay said.

Watch Jay’s appearance here (begins at the 16:58 mark).

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 (%)

  American Eagle
Outfitters
Caleres Designer
Brands Cl. A

Royce Capital Fund - Small-Cap Portfolio

1.7

2.1

1.9

Royce Dividend Value Fund

1.0

1.2

1.0

Royce Pennsylvania Mutual Fund

0.3

0.4

0.3

Royce Small-Cap Value Fund

1.7

1.9

1.9

Royce Total Return Fund

0.5

0.5

0.5

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.

There can be no assurance that companies that currently pay a dividend will continue to do so 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. 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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