NEW YORK, March 22, 2018 /PRNewswire/ -- We are very
pleased to announce that Royce International Premier Fund
(Investment Class, RIPNX; Service Class, RYIPX) received a 2018
Thomson Reuters Lipper Fund Award in recognition of its performance
for the three-year period ended 11/30/17 in the International Small/Mid-Cap
Growth Funds category.
The Fund was ranked first out of the 48 funds included in
Lipper's International Small/Mid-Cap Growth Fund category for the
three-year period ended 11/30/17. (The Fund ranked 16th
out of 43 funds in this category for the five-year period ended
11/30/17; Lipper does not give awards for one-year time
periods.)
Royce International Premier Fund seeks long-term growth of
capital by investing in a limited number of international small-cap
stocks, primarily those with market caps up to $3 billion.
The Fund outperformed its benchmark, the Russell Global ex-U.S.
Small Cap Index, for the one-, three-, five-year, and since
inception (12/31/10) periods ended December
31, 2017.
Chris Clark, CEO of Royce &
Associates, LP (the Fund's investment adviser), said, "We are very
proud of what David and Mark have accomplished with the portfolio,
and we continue to see international small-caps as a key area of
our investment focus."
The Thomson Reuters Lipper Fund Awards, granted annually,
highlight funds and fund companies that have excelled in delivering
consistently strong risk-adjusted performance relative to their
peers. The Lipper Fund Awards are based on the Lipper Leader for
Consistent Return rating, which is a risk-adjusted performance
measure calculated over 36, 60 and 120 months. (To be eligible, a
fund must have at least 36 months of performance history as of the
end of November of the respective evaluation year.) The fund with
the highest Lipper Leader for Consistent Return (Effective Return)
value in each eligible classification wins the Lipper Fund Award.
For more information, see www.lipperfundawards.com. Although Lipper
makes reasonable efforts to ensure the accuracy and reliability of
the data contained herein, the accuracy is not guaranteed by
Lipper.
Important Disclosure Information
Average Annual Total Returns as of 12/31/17 (%)
|
QTR
|
1YR
|
3YR
|
5YR
|
SINCE
INCEPT.
|
DATE
|
International
Premier
|
6.21
|
40.08
|
17.39
|
12.02
|
8.86
|
12/31/10
|
Russell Global x US
SC
|
7.06
|
30.49
|
11.27
|
9.25
|
6.00
|
N/A
|
Annual Operating Expenses: Gross 1.59%, Net 1.19%
All performance information reflects past performance, is
presented on a total return basis, reflects the reinvestment of
distributions, and does not reflect the deduction of taxes that a
shareholder would pay on fund distributions or the redemption of
fund shares. Past performance is no guarantee of future
results. Investment return and principal value of an
investment will fluctuate, so that shares may be worth more or less
than their original cost when redeemed. Shares redeemed within 30
days of purchase may be subject to a 2% redemption fee, payable to
the Fund, which is not reflected in the performance shown above; if
it were, performance would be lower. Current month-end performance
may be higher or lower than performance quoted and may be obtained
at www.roycefunds.com. Gross operating expenses reflect the Fund's
total gross annual operating expenses for the Service Class and
include management fees, 12b-1
distribution and service fees, and other expenses. Net operating
expenses reflect contractual fee waivers and/or expense
reimbursements. All expense information is reported as of the
Fund's most current prospectus. Royce & Associates has
contractually agreed, without right of termination, to waive fees
and/or reimburse expenses to the extent necessary to maintain the
Service Class's net annual operating expenses (excluding brokerage
commissions, taxes, interest, litigation expenses, acquired fund
fees and expenses, and other expenses not borne in the ordinary
course of business) at or below 1.44% through April 30, 2018.
Investors should carefully consider the investment
objective, risks, charges, and expenses of Royce International
Premier Fund before investing. For a prospectus containing this and
other information about the Fund, please visit
www.roycefunds.com or call 1-800-221-4268.
Please read the prospectus carefully before investing or sending
money. The Fund may invest a significant portion of its
assets in foreign companies which may be subject to different risks
than investments in securities of U.S. companies, including adverse
political, social, economic, or other developments that are unique
to a particular country or region. These risk factors may affect
the prices of foreign securities issued by companies headquartered
in developing countries more than those headquartered in developed
countries. (Please see "Investing in Foreign Securities" in the
prospectus.) Therefore, the prices of the securities of foreign
companies in particular countries or regions may, at times, move in
a different direction than those of the securities of U.S.
companies. (Please see Primary Risks for Fund Investors in the
prospectus.) The Fund invests primarily in small-cap stocks, which
may involve considerably more risk than investing in larger-cap
stocks. The Fund also generally invests a significant portion of
its assets in a limited number of stocks, which may involve
considerably more risk than a more broadly diversified 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.)
About Royce & Associates, LP: Royce & Associates, LP,
is a small-cap equity specialist offering distinct investment
strategies with unique risk/return profiles designed to meet a
variety of investors' needs. For more than 40 years, our strategies
have focused on active, risk-conscious investing driven by deep,
fundamental company research. Chuck
Royce, the firm's founder and a pioneer of small-cap
investing, enjoys one of the longest tenures in the industry. Royce
& Associates, LP is a subsidiary of Legg Mason Inc. (NYSE: LM).
Royce Fund Services, LLC, the Fund's distributor, is a member of
FINRA and the SIPC.
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SOURCE Royce & Associates