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The Royce Smaller-Companies Growth Fund has released its fiscal year 2025 commentary, indicating a continued focus on investing in smaller-cap growth companies. The commentary emphasizes resilience in these companies amid macroeconomic uncertainties and highlights sectors showing promising growth trajectories. Investors are encouraged by the fund's strategic allocation towards innovative sectors that are expected to benefit in a recovering economy. However, there is caution advised regarding market volatility and inflationary pressures. Overall, the fund's outlook remains positive, fostering interest in smaller-cap stocks.