Royce Smaller-Companies Growth Fund - Service Class (RYVPX) is a mutual fund managed by Royce & Associates, LP, that seeks long-term capital appreciation by investing primarily in equity securities of smaller-cap growth companies with market capitalizations generally up to $5 billion. The fund employs a disciplined, bottom-up investment process emphasizing companies with sustainable competitive advantages, strong management teams, and attractive growth prospects; it maintains a diversified portfolio across sectors such as technology, healthcare, industrials, consumer discretionary, and financials, with holdings typically including small- and micro-cap stocks selected for their earnings growth potential and valuation discipline. Available through the Service Class shares (ticker: RYVPX), which are designed for institutional and advisory clients with a minimum investment requirement, the fund offers daily liquidity, professional portfolio management, and performance benchmarking against the Russell 2000 Growth Index. Royce & Associates, headquartered in New York and founded in 1972 by investor Charles M. Royce, oversees approximately $10 billion in assets across a family of small-cap focused mutual funds and serves investors including high-net-worth individuals, institutions, and financial advisors primarily in the United States. In recent developments, the fund has benefited from Royce & Associates' strategic enhancements, including the launch of new share classes and expanded distribution partnerships in 2024, alongside portfolio manager adjustments to adapt to market volatility and a shift toward quality growth names amid rising interest rates.