Royce Small-Cap Total Return Fund Service Class is a mutual fund focused on delivering long-term growth of capital and current income. The fund primarily invests in small-capitalization companies, typically with market values up to $3 billion, that demonstrate strong fundamentals and a consistent record of returning capital to shareholders through dividends or share buybacks. Its strategy emphasizes selecting quality businesses within the small-cap space that offer both value and a history of dividend payments, aiming to provide a blend of capital appreciation and income for investors. The fund maintains a diversified portfolio, generally allocating at least 65% of its assets to dividend-paying equities, and is actively managed to identify opportunities in underappreciated or overlooked segments of the market. Known for its disciplined, value-oriented approach, the fund holds a notable position among small-cap value mutual funds, appealing to those seeking balanced exposure to the potential growth and income characteristics of smaller companies in the U.S. equity market.
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