Royce Heritage Fund (RHF) seeks long-term growth of capital. Using a disciplined value approach, Royce expects that a significant portion of the Fund’s assets will be invested in the equity securities of micro-cap, small-cap and/or mid-cap companies with market capitalizations up to $5 billion. We believe that investors in the Fund should have a long-term investment horizon of at least three years. Chuck Royce serves as lead portfolio manager. Jim Harvey serves as portfolio manager, assisted by Chris Clark and Steve McBoyle.
The U.S. Federal Reserve is treading carefully with raising rates amid the widespread economic, macro and geopolitical uncertainties sweeping around the world. The Fed raised its target level as high as 20% in the early 1980s to deal with runaway inflation, but we're a far cry from that today — a time when inflation threatens Read More