Royce & Associates, LLC (operating as Royce Investment Partners) recently released its “Small Cap Fund” third-quarter 2026 investor letter. The strategy faced a temporary setback in the third quarter of 2026 as smaller stocks paused after a strong run, but the firm believes the investment environment remains favorable for high-quality small- and micro-cap businesses with strong fundamentals. The Russell 2000 and Russell Microcap indexes each declined 7.2% during Q3, while the Russell 1000...
