Royce Special Equity Svc  RSEFX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Small Value Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Small
   Blend
  
  
As of 2009-09-30
Day Change
$ -0.03
  
NAV (2009-11-20)
$ 16.86
  
YTD Return % (2009-11-20)
23.16%
  
Total Assets ($ mil)
1,100
View Data Definitions
  Performance    
Growth of $10,000 Fund: Royce Special Equity Svc
(from 2003-10-02 to 2009-10-31) Category: Small Value
Index: S&P 500 TR
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2003-10-02 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 23.16 45.02 1.16 4.01 --- 5.94
+/- Category 3.97 33.80 8.88 2.99 --- ---
+/- S&P 500 TR -0.36 -3.78 7.06 3.33 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 23.08 4.75 3.10 4.57 --- 6.54
Month-End (as of 2009-10-31) 19.50 15.96 0.88 4.01 --- 5.94
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 14.39 -0.60 2.74 --- ---
On Distribution & Sale of Shares --- 11.09 0.52 3.16 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 317 funds), (5 yrs : out of 242 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is 1.00%.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
Information 24.46
Software 3.34
Hardware 16.22
Media 1.93
Telecommunications 2.97
Service 33.86
Healthcare 7.96
Consumer Services 18.38
Business Services 7.52
Financial Services 0.00
Manufacturing 41.68
Consumer Goods 25.58
Industrial Materials 14.33
Energy 1.78
Utilities 0.00
Asset Allocation
% of Net Assets
Cash 19.7
Stocks 79.5
Bonds 0.0
Other 0.9
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings 75 Turnover % 27
Total Number of Bond Holdings 0 30 Day SEC Yield % ---
% of Assets in Top 10 Holdings 24.12 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %		 % of Net
Assets
National Presto Industries 11.93 29.16 4.34
Bio-Rad Laboratories Inc. 23.15 29.50 2.90
Hubbell, Inc. B 8.29 44.74 2.57
Lancaster Colony Corporation 16.84 45.73 2.38
Lubrizol Corporation --- 109.21 2.31
Gymboree Corporation 8.34 58.34 2.28
Park Electrochemical Corp. 15.67 28.11 2.25
Atrion Corporation 12.42 43.21 1.81
Thomas & Betts Corporation 5.02 54.41 1.71
Watsco, Inc. 17.61 38.02 1.57
Data through 2009-09-30
YTD Return through 2009-11-20
  Other Information
Fund Inception: 2003-10-02
Portfolio Manager  (Start Date)
Charles R. Dreifus  (1998-05-01)
Dreifus is a principal and senior portfolio manager of Royce & Associates, LLC. Prior to joining Royce in 1998, he was a general partner and managing director and, most recently, a limited managing director of Lazard Freres & Co., LLC.
Sales Charge %
(taken from prospectus dated 2009-05-01)
Front: None
Deferred: None
Expense Ratio % 1.35
based on net assets
(taken from annual report dated 2008-12-31)
Correspondence Information

745 Fifth Avenue
New York,  NY  10151
United States
Telephone:
800-221-4268
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.