Royce 100 Fund Renamed Royce Small-Cap Leaders Fund
NEW YORK, Sept. 15, 2015 /PRNewswire/ -- The Royce Fund's Board of Trustees has approved changing the name of Royce 100 Fund to Royce Small-Cap Leaders Fund, effective today. Royce is making this change to better describe the Fund's investment approach and primary market cap range. On September 9, 2015 the Board of Trustees of The Royce Fund approved the name change.
While the Fund's investment objective and strategy are not changing, it has adopted a new non-fundamental investment policy requiring at least 80% of its net assets to be invested in stocks with market caps up to $3 billion. Lead Portfolio Manager Lauren Romeo continues to seek companies that she believes are "leaders," those that have strong business models and competitive positions, superior balance sheets, and attractive prospects for growth, trading at levels that she believes do not fully reflect these strengths.
Along with Royce Premier and Heritage Funds, Small-Cap Leaders is part of the firm's premium quality investment franchise -- portfolios that primarily seek, among other attributes, companies with long histories of high returns on invested capital that Royce believes are sustainable. Chris Clark, Royce's President, said, "This name change, similar to others made earlier this year, is designed to clarify the investment choices Royce offers, so investors can build portfolios which meet their needs and investment outlook."
If you have any questions regarding this release, please call Investor Services at 1-800-221-4268. For further information on The Royce Funds, please visit our website at www.roycefunds.com.
About Royce & Associates, LLC: For more than 40 years Royce & Associates, LLC, investment adviser to The Royce Funds, has used a disciplined, value-oriented approach to select micro-cap, small-cap, and mid-cap companies. We have a seasoned staff of investment professionals, most with more than 15 years of experience. Chuck Royce, the firm's founder and a pioneer of small-cap investing, enjoys one of the longest tenures of any mutual fund manager. Royce & Associates, LLC is a wholly owned affiliate of Legg Mason Inc. (NYSE: LM). Royce Fund Services, Inc., the Fund's distributor, is a member of FINRA and the SIPC.
An investor should carefully consider the Fund's investment objective, risks, fees, charges, and expenses before investing or sending money. This and other important information about The Royce Funds can be found in the Fund's prospectus. To obtain a prospectus, and information about the performance of The Royce Funds, please call (800) 221-4268 or visit www.roycefunds.com. Please read the prospectus carefully before investing. Distributor: Royce Fund Services, Inc.
Royce Small-Cap Leaders Fund (formerly Royce 100 Fund):
Investment Class, ROHHX, 780905196
Service Class, RYOHX, 780905519
R Class, ROHRX, 780811204
K Class, ROHKX, 780811865
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SOURCE The Royce Funds
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