$RMI

The Royce Capital Fund's commentary on its Micro-Cap Portfolio for FY 2025 indicates a bullish outlook, highlighting potential for growth in the micro-cap segment. The fund emphasizes a selective approach to investment, focusing on strengths in companies that can navigate economic challenges. Additionally, it points out increasing opportunities within overlooked sectors that are ripe for expansion. The commentary suggests that micro-cap stocks could outperform larger counterparts as market conditions improve. Overall, the fund remains optimistic about its investment strategy and micro-cap stock performance this year.