Royce to Rename Three Funds

NEW YORK, June 9, 2015 /PRNewswire/ -- We wanted to let you know about some important changes we are making to certain of The Royce Funds effective June 15, 2015.

First, the following Funds are changing names:

• Royce Financial Services Fund will be renamed Royce Global Financial Services Fund. Although the Fund will continue to invest in securities of U.S. issuers, it may invest up to 50% of its net assets in foreign securities (measured at the time of investment).
• Royce European Smaller-Companies Fund will be renamed Royce European Small-Cap Fund.
• Royce International Smaller-Companies Fund will be renamed Royce International Small-Cap Fund.

The investment objective and strategy for each of the last two Funds are not changing. However, each of these Funds has adopted a new non-fundamental investment policy requiring that each invest at least 80% of its respective net assets in stocks with market caps up to $3 billion.

Chris Clark, Royce's President, said, "As was the case with a prior round of name changes in May, we believe these new names will help to distinguish each Fund's approach within our lineup."

In addition, effective July 1, 2015 five funds in our global/international lineup—Royce European Smaller-Companies, Global Value, International Smaller-Companies, International Micro-Cap, and International Premier Funds—will have lower advisory fees. More information regarding the new fee structures can be found at roycefunds.com.

About Royce & Associates, LLC: For more than 40 years Royce & Associates, LLC, investment adviser to The Royce Funds, has used a disciplined, value-oriented approach to select micro-cap, small-cap, and mid-cap companies. We have a seasoned staff of investment professionals, most with more than 15 years of experience. Chuck Royce, the firm's founder and a pioneer of small-cap investing, enjoys one of the longest tenures of any mutual fund manager. Royce & Associates, LLC is a wholly owned affiliate of Legg Mason Inc. LM. Royce Fund Services, Inc., the Fund's distributor, is a member of FINRA and the SIPC.

An investor should carefully consider a Fund's investment objective, risks, fees, charges, and expenses before investing or sending money. This and other important information about The Royce Funds can be found in the Funds' prospectus. To obtain a prospectus, and information about the performance of The Royce Funds, please call (800) 221-4268 or visit www.roycefunds.com. Please read the prospectus carefully before investing. Distributor: Royce Fund Services, Inc.

Royce Financial Services Fund (to be renamed Royce Global Financial Services Fund)
Service Class, RYFSX, 780905469

Royce European Smaller-Companies Fund (to be renamed Royce European Small-Cap Fund)
Service Class, RISCX, 780905311; Investment Class, RESNX, 780811675

Royce International Smaller-Companies Fund (to be renamed Royce International Small-Cap Fund)
Services Class, RYGSX, 780905139; Investment Class, RISNX 780811691; Institutional Class, RISIX, 780811683

Royce Global Value Fund
Service Class, RIVFX, 780905329; Investment Class, RGVIX, 780811824; Consultant Class, RGVHX, 780811766;
K Class, RGVKX, 780811758; R Class, RGVRX, 780811741

Royce International Micro-Cap Fund
Service Class, ROIMX, 780811782

Royce International Premier Fund
Service Class, RYIPX, 780811790

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SOURCE The Royce Funds