Since-inception Royce Premier manager Chuck Royce took another step in his firm’s succession plans on Feb. 7, 2022, by saying he would relinquish lead stock-picker duties on this fund on April 1, 2022, to long-time teammates Lauren Romeo and Steven McBoyle. The announcement had been anticipated, so it doesn’t trigger any change to the strategy’s overall Morningstar Analyst Rating or its underlying Pillar ratings.
Will RYPRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RYPRX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the RYPRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of RYPRX’s parent organization’s priorities and whether they’re in line with investors’ interests.