$VIOV

The Royce Small-Cap Value Fund is optimistic about small-cap stocks for FY 2025, citing strong fundamentals and reasonable valuations as key drivers for potential growth. The fund emphasizes its commitment to value-oriented investments, anticipating that these stocks will outperform the market. Despite economic uncertainties, the commentary suggests that small-cap stocks are undervalued and present unique investment opportunities. The fund manager highlights specific sectors such as consumer discretionary and industrials as particularly promising. Overall, the commentary reflects a positive outlook for small-cap investing in the coming year.