The Royce Funds

The Royce Funds is one of the industry's most experienced small-cap investment managers, managing mutual funds with a disciplined value approach for more than 35 years.

The thoughts expressed are solely those of the person speaking and may differ from those of others at Royce or the firm. There can be no assurance with regard to future market movements. Fund prospectuses, which include investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing are available at www.roycefunds.com/ prospectus or by calling 800-841-1180.

Royce invests primarily in mid-, small-cap and micro-cap stocks that may involve considerably more risk than investments in securities of larger-cap companies (see Primary Risks for Fund Investors in the prospectus). Distributor of The Royce Fund and Royce Capital Fund: Royce Fund Services, Inc., a member of FINRA and SIPC.

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