Royce Premier Portfolios

The strategy returns shown are preliminary composite returns, subject to future revision (downward or upward). Past performance is not a guarantee of future results. An investment in this strategy can lose value.  

Performance data represents past performance, which does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. Periods less than one year are not annualized. Performance results are for the composite which includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy. Composite returns are stated in U.S. dollars and assume reinvestment of any dividends, interest income, capital gains, or other earnings. The composite may include account(s) that are gross of fees and pure gross of fees. “Pure” gross-of-fee returns do not reflect the deduction of any expenses, including transaction costs. A traditional (or "true") gross-of-fee return reflects performance after the reduction of transaction costs but before the reduction of the investment advisory fee. The gross-of-fee return may include a blend of "true" gross-of-fee returns for non-wrap accounts and "pure” gross-of-fee returns for wrap accounts. Net-of-fee returns is reduced by a model “wrap fee” (3.0% is the maximum anticipated wrap fee for equity and balanced portfolios) which includes trading expenses as well as investment management, administrative and custodial fees. The model wrap fee used represents the highest anticipated wrap fee applicable to the strategy. Actual fees and account minimums may vary.  

For fee schedules, contact your financial professional, or if you enter into an agreement directly with Franklin Templeton Private Portfolio Group, LLC (“FTPPG”), refer to FTPPG’s Form ADV Part 2A disclosure document. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.   

To obtain specific information on available products and services or a GIPS® Report, contact your Franklin Templeton separately managed account sales team at (800) DIAL BEN/342-5236. ClearBridge Investments, LLC, Martin Currie, Royce Investment Partners, and Western Asset Management Company, LLC claim compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein. 

Performance for the Royce Small-Cap Premier Quality SMA Strategy is represented by the Royce Small-Cap Premier Quality SMA Composite performance. Prior to April 1, 2018, the composite included non-wrap accounts. Beginning April 1, 2018 (inception of the first SMA/wrap account), the composite only includes wrap accounts. Prior to January 1, 2008, performance results were calculated using the gross performance of Investment Class shares of a 1940-Act Fund. The gross performance of the Fund is unaudited, presumes reinvestment of distributions and excludes investor-specific sales. The net-of-fees performance for the Royce Small-Cap Premier Quality SMA Strategy would be lower than the gross performance of the Fund. Royce follows substantially the same investment philosophy, strategies and processes in managing the Royce Small-Cap Premier Quality SMA as it does in managing the 1940-Act Fund. Unlike the Fund, however, the SMA does not invest in non-U.S. Securities. The performance of the SMA will vary from the performance of the Fund because the SMA does not invest in any non-U.S. Securities, and due to differences in cash flows and other factors. Past performance does not guarantee future results.

All net-of-fees 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. Net-of-fees performance for the Royce Small-Cap Premier Quality SMA Strategy is represented by the Royce Small-Cap Premier Quality SMA Composite net-of-fees performance. Net-of-fee composite returns are calculated by reducing each monthly composite pure gross rate of return by the highest wrap fee charged (3.00%) annually, prorated to a monthly ratio. The wrap fee includes transaction costs, investment management, custodial, and other administrative fees. Actual investment advisory fees incurred by clients are negotiable and may vary. Prior to April 1, 2018, the composite included non-wrap accounts. Beginning April 1, 2018 (inception of the first SMA/wrap account), the composite only includes wrap accounts. Prior to January 1, 2008, net-of-fees performance is calculated by deducting the anticipated maximum annual bundled fee of 3.00% from the gross performance of Investment Class shares of a 1940-Act Fund. Past performance does not guarantee future results.