Chuck Royce's Royce Premier Fund 2Q Manager Commentary

Chuck Royce's Royce Premier Fund second quarter 2014 manager commentary.

The kind of well-run, fundamentally solid, and profitable companies that we typically seek for the portfolio of Royce Premier Fund have not been consistent market leaders over the last several years. But you wouldn’t know that by looking at the Fund’s first-half results. For the year-to-date period ended June 30, 2014, the Fund increased 7.3%, more than doubling the 3.2% gain of its small-cap benchmark, the Russell 2000 Index, over the same period. We refer to stocks with . . .


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