The Royce Funds is a family of mutual funds that focuses primarily on small-cap investing, and has been considered one of the industry's most experienced smaller-company stock pickers. Royce & Associates, LLC serves as investment adviser to all Royce portfolios, including open-end mutual funds and closed-end funds.
As of December 31, 2014, Royce had approximately $32 billion in total assets under management.
Royce uses a bottom-up approach to invest in small-cap and micro-cap stocks. Royce's disciplined, value-oriented approach attempts to pay close attention to risk and company fundamentals.