A pioneer in small-cap investing, Royce has unparalleled knowledge and experience in the asset class. Our talented group of managers offers distinct investment approaches that meet a variety of investors’ goals.
Small-cap investment management has been our specialty for over 50 years.
Our team has the confidence to go against consensus, the insight to uncover opportunities others might miss, and the tenacity to stay the course through market cycles.
Our team of portfolio managers have significant personal investments in the strategies they manage.
October 28, 2026
Royce Investment Partners: Co-CIO Francis Gannon details why recent volatility looks like the typical pattern of a US small-cap leadership cycle.
October 12, 2026
Royce Investment Partners: In this third quarter recap, Francis Gannon discusses how the summer months saw small-cap returns cool while mega-caps and other large, mostly AI-centric names rebounded.
August 24, 2026
Royce Investment Partners: Even with a triple-digit positive return off the April 2025 low, many investors seem unaware of this target-rich, broad, and diverse subset of the small-cap universe.
August 19, 2026
Royce Investment Partners: Chris Clark and Francis Gannon discuss how US small-cap stocks can offer an on ocean of opportunities.
August 12, 2026
Royce Investment Partners: Co-CIO Francis Gannon examines the myth that rate hikes are bad news for US small-cap returns—and finds that history tells a different story.
July 6, 2026
Royce Investment Partners: In this second quarter recap, Francis Gannon discusses how US small-and micro-cap stocks have continued to lead the US equity market in a robust period for equities
June 11, 2026
Royce Investment Partners: In the midst of a rally, Co-CIO Francis Gannon looks at how valuations for the small- and micro-cap indexes compare to large-cap—and why earnings remain key to market leadership.
May 12, 2026
Royce Investment Partners: Co-CIO Francis Gannon looks at how recent performance may be subtly announcing a turning point in market leadership.
April 8, 2026
Royce Investment Partners: Francis Gannon discusses how US small-caps have showed resilience in this 2026 first quarter recap.
March 18, 2026
Royce Investment Partners: Co-CIO Francis Gannon discusses how US small caps remain market leaders even as volatility and uncertainty are on the rise.
Past performance is no guarantee of future results. Performance shown excludes sales charges, if any. Had sale charges been included, performance would be lower. The "% Change" column(s), indicate a change in the Net Asset Value (NAV) or Market Price from the previous business day. All investments involve risk, including loss of principal. Please see each product's web page for specific details regarding investment objective, risks, performance and other important information. Review this information carefully before you make any investment decision. Additional share classes and products may be available.
Past performance is no guarantee of future results. Performance shown excludes sales charges, if any. Had sale charges been included, performance would be lower. All investments involve risk, including loss of principal. Please see each product's web page for specific details regarding investment objective, risks, performance and other important information. Review this information carefully before you make any investment decision. Additional share classes and products may be available.
All investments involve risks, including possible loss of principal.
Past performance does not guarantee future results.
Please see each product’s webpage for specific details regarding investment objective, risks, performance and other important information. Review this information carefully before you make any investment decision.
