Royce Premier Fund Service Class

The fund's investment adviser employs a concentrated investment approach, committing its capital to a focused selection of equity securities, typically holding fewer than 100 stocks. The primary target for these investments is small-capitalization companies, as determined at the point of initial acquisition. Generally, the fund allocates at least 80% of its total net assets to shares of these carefully chosen 'premier' companies. Furthermore, it's mandated that a minimum of 65% of these specific equity holdings must originate from small-cap enterprises when they are first purchased.