Royce Micro Cap Fund Financial Intermediary Class

The fund primarily allocates its capital to the equity securities of micro-capitalization companies. Typically, at least 80% of its net assets are committed to these small-cap stock investments. While the portfolio generally emphasizes U.S.-based enterprises, it does have the flexibility to dedicate up to 25% of its net assets (as measured at the time of purchase) to companies located in foreign countries.