Our Vehicles

• Separate Accounts

  • Global Small-Cap Premier Quality

    Global Small-Cap Premier Quality Composite

    Global small-cap core strategy that seeks to invest in "premier" small-cap companies, those Royce sees having discernible competitive advantages, high returns on capital, and a sustainable franchise.

    Management

    Steven McBoyleMark Rayner, CALauren Romeo, CFA®Mark Fischer

    Benchmark

    MSCI ACWI Small Cap Index

    Factsheet
  • International Small-Cap Premier Quality

    International Small-Cap Premier Quality Composite

    The strategy invests in a limited number of "premier" non-U.S. small-cap companies (generally less than 80) with discernible competitive advantages, high and consistent returns on invested capital, and sustainable franchises

    Management

    Mark Rayner, CAMark Fischer

    Benchmark

    MSCI ACWI ex USA Small Cap Index

    Factsheet
  • Small-Cap

    Small-Cap Composite

    The Strategy uses multiple investment approaches that have performed well in different market environments including High Quality, Emerging Quality, Traditional Value, and Quality Value.

    Management

    Francis GannonJay Kaplan, CFA®Steven McBoyleLauren Romeo, CFA®Miles Lewis, CFA®Andrew Palen

    Benchmark

    Russell 2000 Index

    Factsheet
  • Small-Cap Opportunistic Value

    Small-Cap Opportunistic Value Composite

    An opportunistic strategy that invests in a highly diversified portfolio of small-cap companies with low P/B and P/S ratios that are categorized into one of four themes: Turnarounds, Unrecognized Asset Values, Undervalued Growth, and Interrupted Earnings.

    Management

    Jim Harvey, CFA®Kavitha VenkatramanJim StoeffelBrendan Hartman

    Benchmark

    Russell 2000 Value Index

    Factsheet
  • Small-Cap Premier Quality

    Small-Cap Premier Quality Composite

    A quality strategy that invests in a limited number (generally less than 80) of “premier” small-cap companies with discernible competitive advantages, high and consistent returns on invested capital, and sustainable franchises.

    Management

    Lauren Romeo, CFA®Steven McBoyleAndrew Palen

    Benchmark

    Russell 2000 Index

    Factsheet
  • Small-Cap Quality Value

    Small-Cap Quality Value Composite

    The Strategy seeks to invest in small-cap companies with an attractive combination of quality and value with the goal of delivering competitive upside performance and notable down market outperformance.

    Management

    Miles Lewis, CFA®Joseph Hintz, CFA®Jag Sriram, CFA®

    Benchmark

    Russell 2000 Value Index

    Factsheet
  • Small-Cap Special Equity

    Small-Cap Special Equity Composite

    An absolute value strategy that invests primarily in a limited number (generally less than 80) of small-cap companies with an absolute value approach that attempts to combine classic value analysis, the identification of good businesses, and accounting cynicism, has its roots in the teachings of Benjamin Graham and Abraham Briloff.

    Management

    Charlie Dreifus, CFA®Steven McBoyleTim Hipskind, CFA®, CPA

    Benchmark

    Russell 2000 Value Index

    Factsheet

• Institutional Fund Share Classes

  • International Small-Cap Premier Quality

    International Premier

    Focuses on a limited number of "premier" non-U.S. small-cap companies (generally market caps up to $5 billion) with discernible competitive advantages, high returns on invested capital, and sustainable, moat-like franchises.

    Management

    Mark FischerMark Rayner, CA

    Benchmark

    MSCI ACWI ex USA Small Cap Index

    Factsheet
  • Small-Cap Premier Quality

    Premier

    Small-cap core fund that seeks to invest in "premier" small-cap companies, those Royce sees having discernible competitive advantages, high returns on capital, and a sustainable franchise. Small-cap stocks' market caps are less than the largest stock in the Russell 2000® Index.

    Management

    Lauren Romeo, CFA®Steven McBoyleAndrew Palen

    Benchmark

    Russell 2000 Index

    Factsheet
  • Small-Cap

    Small-Cap

    One of the first open-end small-cap funds.

    Management

    Francis GannonJay Kaplan, CFA®Steven McBoyleLauren Romeo, CFA®Miles Lewis, CFA®Andrew Palen

    Benchmark

    Russell 2000 Index

    Factsheet
  • Small-Cap Opportunistic Value

    Small-Cap Opportunity

    Small-cap value fund that uses an opportunistic approach to invest in companies are categorized into themes: Turnarounds, Unrecognized Asset Values, Undervalued Growth, and Interrupted Earnings. Small-cap stocks' market caps are less than the largest stock in the Russell 2000® Index.

    Management

    Jim Harvey, CFA®Kavitha VenkatramanJim StoeffelBrendan Hartman

    Benchmark

    Russell 2000 Value Index

    Factsheet
  • Small-Cap Special Equity

    Small-Cap Special Equity

    Small-cap value fund that looks for conservatively managed companies with transparent accounting that have a viable niche or franchise whose stock can be bought below its economic value. Small-cap stocks' market caps are less than the largest stock in the Russell 2000® Index.

    Management

    Charlie Dreifus, CFA®Steven McBoyleTim Hipskind, CFA®, CPA

    Benchmark

    Russell 2000 Value Index

    Factsheet
  • Small-Cap Quality Value

    Small-Cap Total Return

    Small-cap value fund that invests primarily in dividend-paying stocks with solid fundamentals. Small-cap stocks' market caps are less than the largest stock in the Russell 2000® Index.

    Management

    Miles Lewis, CFA®Joseph Hintz, CFA®Jag Sriram, CFA®

    Benchmark

    Russell 2000 Value Index

    Factsheet

• Additional Vehicles

  Commingled LLC

  A small-cap opportunistic value strategy in a commingled fund for endowments, foundations, pension plans, and other institutional investors. Please contact our Institutional Client Service Team via email institutional@royceinvest.com or by phone at (800) 337-6923 for more information.

  UCITs

  Two sub-advised portfolios in small-cap opportunistic value and small-cap quality strategies available in UCITs structure through Franklin Templeton for non-US residents. For more information, please click here.