The legendary B-17 bomber was so much more than just a means for dropping bombs on Nazi Germany during the Second World War.

Recently retired, since-inception leader Chuck Royce used his share of assets to boost holdings that he thought offered attractive discounts to value estimates or improving fundamentals.

Solid stock-picking has mitigated those perils thus far. Since-inception manager Chuck Royce, 85, formally stepped down in 2024, completing a transition that began when Royce Investment Partners ...