Andrew Palen, a Royce Premier assistant manager for three years, will step off this fund on Sept. 1, 2026, to devote more time to Royce Micro Cap, where he will become a comanager with Jim Stoeffel, who has run the fund for more than a decade. Palen has been a Royce Micro Cap assistant manager since 2024. Veteran managers Steve McBoyle and Lauren Romeo remain on Royce Premier, which also added a new analyst this year. The strategy's People Pillar rating is unchanged.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RPRCX’s performance objective and investment process is for both security selection and portfolio construction.
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