Royce Small-Cap Fund Institutional Class (RPMIX)

Overview

The fund described focuses on investing in equity securities of small-cap companies, allocating at least 80% of its net assets to such investments under normal circumstances. Its investment strategy highlights a preference for U.S. companies but also allows for diversification, earmarking up to 25% of its net assets for investments in companies based outside the United States, measured at the time of investment. This flexibility in geographical investment is complemented by the fund's ability to invest in other investment companies that target equity securities, further diversifying its investment portfolio.

Products and Services

The fund offers a specialized financial product with distinct features aimed at investors looking for exposure to small-cap equity markets. Each product or service offered by the fund is tailored to meet the investment needs of its clientele, as detailed below:

• Equity Securities of Small-Cap Companies: The core of the fund's offerings, this product targets the equity securities of small-cap companies. By dedicating at least 80% of its net assets to this segment, the fund provides a focused investment product designed for investors seeking growth opportunities in the small-cap sector.
• International Investment Opportunities: Recognizing the value of global diversification, the fund allocates up to 25% of its net assets to securities of companies headquartered outside the United States. This offering is designed for investors looking to diversify their portfolios beyond domestic markets and tap into the potential of foreign small-cap companies.
• Investments in Other Investment Companies: To broaden its investment scope, the fund may invest in other investment companies that focus on equity securities. This strategy allows the fund's investors to benefit from a diversified approach to equity investment, spreading risk across various equity markets and investment styles.