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Why Franklin Royce Global Small-Cap Premier Fund

An actively managed core global small cap strategy focused on investing in a diversified portfolio of high-quality companies

Bottom Up Research

Research is fundamentally driven, with both quantitative and qualitative methods utilized

Globally Diversified

Typically invests in 60-85 smaller companies around the world across industries

Focus On Quality

Invests in leading quality companies that demonstrate persistently high returns on invested capital and low debt

Investment Objective

Invests primarily in global small-cap stocks that Royce believes are “premier” small-cap companies, those with discernible competitive advantages, high returns on invested capital, and a sustainable franchise. Global small cap companies are those similar in size to companies in the MSCI All Country World (ACWI) Small Cap Index.

The Case for Global Small Caps

We believe there is a strong case for including global small-caps in a diversified portfolio, with the potential for active managers add further value.

Large Opportunity Set

Small cap universe is a fertile hunting ground with nearly 6,000 companies in the index1

Inefficient Asset Class

23% of small-cap stocks on the index1 have zero or one analyst coverage, presenting mispricing opportunities

Strong Track Record

Global small-caps have consistently outperformed global large-caps over the long term2

Meet the Team

The highly experienced portfolio management team, located in North America and Europe, is supported by the in-depth research of dedicated research analysts.

Steven McBoyle

Co-Lead Portfolio Manager, Tenure - 2008

Mark Fischer

Co-Lead Portfolio Manager, Tenure - 2020

About Royce Investment Partners

 

 

Learn More About the Fund

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OCTOBER 14, 2025

The Royce Roundtable: Risks and opportunities in AI—and elsewhere

AI’s impact on the US small-cap market and why earnings strength can sustain recent US small-cap leadership are some of the topics being discussed in this new roundtable from Royce Investment Partners.

OCTOBER 6, 2025

US small-caps are (finally!) on top

Royce Investment Partners: Francis Gannon discusses a positive period for US equities in the third quarter of 2025.

SEPTEMBER 12, 2025

US small-caps undiscovered connection: Value-led periods and active management

Royce Investment Partners: There seems to be a notable historical trend of active small-cap managers outperforming the Russell 2000 Index in periods when value stocks lead, while trailing the small-cap index when growth stocks lead.

1. Source: MSCI as of June 30, 2021 and is based on the MSCI ACWI Small Cap Index-NR

2. Source: MSCI as of June 30, 2021. MSCI ACWI Small Cap Index has outperformed the MSCI ACWI Large Cap Index 74% of the time on a rolling 5-year basis and 91% of the time on a rolling 10-year basis from the index inception 31/05/1994.

Information on this website is intended to be of general information only and does not constitute investment or financial product advice. It expresses no views as to the suitability of the products or services described as to the individual circumstances, objectives, financial situation, or needs of any investor. You should conduct your own investigation or consult a financial adviser before making any decision to invest. Please read the relevant Product Disclosure Statements (PDSs), and any associated reference documents before making an investment decision. Neither Franklin Templeton Australia, nor any other company within the Franklin Templeton group guarantees the performance of any Fund, nor do they provide any guarantee in respect of the repayment of your capital. In accordance with the Design and Distribution Obligations, we maintain Target Market Determinations (TMD) for each of our Funds. All documents can be found via the Literature Page or by calling 1800 673 776.