Morningstar: Royce Premier remains an excellent long-term choice

Morningstar Analyst Karin Anderson says Royce Premier Fund is sticking to its knitting.

Morningstar Analyst Karin Anderson says Royce Premier Fund is sticking to its knitting.

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Strong stock-picking has made for an enviable long-term record, said Morningstar Analyst Karin Anderson of Royce Premier Fund in her July 30, 2013 analyst report. Over time the managers’ focus on financially sound firms has helped give the fund resilience in down markets.

Anderson also noted that the Funds management team sticks to their investment approach, stating that they are willing to bypass sectors and industries that fail to meet their requirementsstrong balance sheets, high returns on invested capital, and earnings stabilitywhen their peers and benchmark index may be weighted differently.

Royce Premier Fund invests in small-cap stocks with market capitalizations between $750 million and $2.5 billion and seeks long-term capital appreciation. The Fund has a focused portfoliogenerally less than 100 positionsand uses a disciplined value approach.

Chuck Royce. President and Co-Chief Investment Officer of Royce, and Whitney George. Co-Chief Investment Officer, Managing Director, and Portfolio Manager of Royce, co-manage the Fund. Chuck has managed the fund since its inception (12/31/91) and Whitney has co-managed the Fund with him since 2002. Lauren Romeo has served as the Funds assistant portfolio manager since 2006.

Royce Premier Fund is currently only open to existing shareholders and existing relationships.

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Important Disclosure Information

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. The Fund invests primarily in small-cap stocks, which may involve considerably more risk than investing in larger-cap stocks. The Fund also invests primarily in a limited number of stocks, which may involve considerably more risk than a less concentrated portfolio because a decline in the value of any one of these stocks would cause the Fund’s overall value to decline to a greater degree. (Please see Primary Risks for Fund Investors in the prospectus .) The Fund may invest up to 25% of its net assets in foreign securities, which may involve political, economic, currency, and other risks not encountered in U.S. investments. (Please see Investing in Foreign Securities in the prospectus .)