MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

More Royce Fund changes

TheShadowTheShadow
edited April 2015 in Fund Discussions
http://www.sec.gov/Archives/edgar/data/709364/000094937715000158/e34519_isi-rvvrvpsupp.htm

497 1 e34519_isi-rvvrvpsupp.htm

The Royce Fund


Supplement to the Investment, Service, and Institutional Class Shares Prospectus Dated May 1, 2014

Royce Value Fund

Royce Value Plus Fund

On April 22, 2015, the Board of Trustees of The Royce Fund approved name changes and investment policy changes for the Funds listed above. All of these changes will take effect on May 1, 2015. The investment policies and operations of each Fund will not change except as specifically described below.

Royce Value Fund

Royce Value Fund will be renamed Royce Small-Cap Value Fund. The Fund will invest, under normal circumstances, at least 80% of its net assets in equity securities of companies with stock market capitalizations up to $3 billion.

Royce Value Plus Fund

Royce Value Plus Fund will be renamed Royce Smaller-Companies Growth Fund. The Fund will invest, under normal circumstances, at least 80% of its net assets in equity securities of companies with stock market capitalizations up to $7.5 billion.

April 28, 2015

RVV-RVP-ISI

Comments

  • ShostakovichShostakovich
    Chip Skinner still running RYVPX (or, whatever its to be called now)?

    He was a big drop off from Whitney George when he took over that fund.

    Churn, churn, churn, Royce (I mean, Legg Mason, I mean, Royce, I mean Legg Mason...).
  • [Deleted User]
    The user and all related content has been deleted.
  • ShostakovichShostakovich
    edited April 2015
    @Mo: Chuck sold out to Legg Mason; and offered up his soul in the bargain. See David's comments in this month's commentary about how copycat funds have proliferated at Royce post-LM acquisition. I'd like to see, in addition, how many of the new Royce funds have been liquidated or had their objectives/names changed. But there's no need to waste the time. The story on Royce is pretty much out there now.
  • David_Snowball
    Mr. Royce is 74, fyi.
Sign In or Register to comment.