Charles R. Dreifus, CFA

Portfolio Manager, Managing Director

Charles R. Dreifus, CFA, is a Portfolio Manager and Managing Director for Royce & Associates, LP investment adviser to The Royce Funds.

Mr. Dreifus manages the firm’s Special Equity products, including Royce Special Equity Fund and Royce Special Equity Multi-Cap Fund, two open-end mutual funds that attempt to combine classic value analysis, the identification of good businesses, and accounting cynicism. He has 49 years of investment industry experience, with more than 30 years as a small- and micro-cap value portfolio manager. In 2008, Mr. Dreifus was named Morningstar’s Domestic-Stock Fund Manager of the Year.

Prior to joining Royce & Associates in 1998, Mr. Dreifus was a General Partner and
Managing Director and a Limited Managing Director of Lazard Freres & Co., LLC.
He was also the Portfolio Manager of Lazard Special Equity Portfolio, formerly Lazard
Special Equity Fund and Special Equity separate accounts. Prior to that, Mr. Dreifus
was employed by Oppenheimer & Co. as a Limited Partner and as the manager of
Quest For Value Fund (from May 1980 to November 1982) and by Oppenheimer
Capital as an Executive Vice President.

Mr. Dreifus holds a bachelor’s degree from the City College of New York/Baruch
School and a Master of Business Administration from Baruch College. He is a
Chartered Financial Analyst (CFA).

Royce & Associates, LP, investment adviser to The Royce Funds, is a small-cap
equity specialist offering portfolios with distinctive investment approaches to address
specific investment goals. The firm has been managing micro-cap, small-cap and
small/mid-cap portfolios for more than 40 years.