Royce Dividend Value Fund Service Class (RYDVX) NASDAQ
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Address
745 Fifth Avenue
New York, NY 10151
United States of America (the)
Phone
2123557311
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
April 30, 2004
This investment vehicle is designed to achieve a dual objective: foster long-term capital appreciation and provide a consistent stream of current income. Its dedicated investment advisor, Royce & Associates, LP (known as "Royce"), primarily directs the fund's capital into income-generating equity securities. These are carefully selected from companies with market valuations of up to $15 billion that the advisor believes are undervalued, trading below their intrinsic worth. As a core policy, the fund generally commits at least 80% of its net assets to common stocks that distribute dividends. Moreover, a minimum of 65% of its portfolio will comprise securities from companies whose market capitalization did not exceed $15 billion at the time of the original investment.