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The Royce Fund


Supplement to the Consultant, R, and K Class Shares Prospectus Dated May 1, 2016



Royce Heritage Fund

Royce Low-Priced Stock Fund

Royce Small-Cap Leaders Fund

Royce Smaller-Companies Growth Fund


Effective as of the date hereof, K Class shares of each of the Funds listed above are closed to all purchases and exchanges.



February 24, 2017




K Class-0217