Royce Investment Partners, a subsidiary of Franklin Resources, manages investments using a value approach focused on smaller companies. Royce advises U.S. registered investment companies, collective investment trusts, private investment funds, non-U.S. investment companies, and institutional separate accounts. Royce also participates in retail separately managed account arrangements as a subadvisor to Franklin Templeton Private Portfolio Group and provides non-discretionary model portfolios to other financial service providers.
Fee Structure
Royce Investment Partners manages investments for various entities, including U.S. registered investment companies and collective investment trusts. The fees range from 0.5% to 1.5% per year of the average net assets. For two closed-end investment companies, these fees are adjusted based on investment performance relative to a specific equity index. Fees are typically billed monthly or quarterly in arrears. Fees for privately offered accounts are negotiable.