From the January 2007 issue of Investment Advisor • Subscribe!

About the Manager

With 43 years in the investment business, Charles Royce has an enviable tenure that is matched by only a handful of portfolio managers. For 33 of those years he has run his New York-based firm, Royce Associates and its flagship fund, Pennsylvania Mutual Fund. Royce is portfolio manager of the Royce Dividend Value Fund, Royce Financial Services Fund, Royce Micro-Cap Trust, Royce Select Fund I, Royce Total Return Fund, Royce Heritage Fund, and Royce Value Trust, and co-portfolio manager of the Royce 100 Fund, and Royce Premier Fund.

A graduate of Brown University, Royce holds a Columbia University MBA.

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