Important Disclosure Information

Portfolio holdings are subject to change without notice. There can be no assurance that securities held as of the date shown below will be included in any Royce-managed portfolio in the future.

Unlike the Fund's regulatory filings, the portfolio data may not conform to Securities and Exchange Commission (SEC) presentation requirements. Therefore, it may differ from the schedule
of investments in the Fund's annual and semiannual reports to shareholders, which are available at royceinvest.com/literature and are also filed with the SEC on Form N-CSR.
This presentation may also differ from the schedule of investments provided in the first and third quarter SEC Form N-PORT Exhibit F filings.

See "Notes to Financial Statements" in the Fund's most recent annual or semiannual report to shareholders for information about how the Fund values its portfolio securities.

Investors should carefully consider the investment goals, risks, fees, and expenses of the Funds before investing. Please read the prospectus carefully before investing.

For additional information, you may view Exhibit F to Form N-PORT (Quarterly Fund Holdings report) filed by each Fund at http://www.sec.gov.

Royce Capital Fund - Micro-Cap Portfolio

Holdings as of: 09/30/26

Download Holdings

#	Ticker	Asset Type	Sector	Industry	Name	Shares/ Principal	Price	% of Assets	Market Value
1		Repurchase Agreement			Fixed Income Clearing Corporation	6699148	$100.00	5.23%	$6,699,148.25
2	COHU	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Cohu	25007	$68.14	1.33%	$1,703,976.98
3	CDNA	Common Stock	Health Care	Biotechnology	CareDx	26186	$65.00	1.33%	$1,702,090.00
4	DGII	Common Stock	Information Technology	Communications Equipment	Digi International	20961	$76.23	1.25%	$1,597,857.03
5	EZPW	Common Stock	Financials	Consumer Finance	EZCORP Cl. A	52910	$29.76	1.23%	$1,574,601.60
6	LIND	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Lindblad Expeditions Holdings	49085	$31.43	1.21%	$1,542,741.55
7	AOUT	Common Stock	Consumer Discretionary	Leisure Products	American Outdoor Brands	93461	$16.20	1.18%	$1,514,068.20
8	GHM	Common Stock	Industrials	Machinery	Graham Corporation	16857	$86.31	1.14%	$1,454,927.67
9	ALS CN	Common Stock	Materials	Metals & Mining	Altius Minerals	31762	$45.41	1.13%	$1,442,418.62
10	AMN	Common Stock	Health Care	Health Care Providers & Services	AMN Healthcare Services	39617	$35.87	1.11%	$1,421,061.79
11	RELL	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Richardson Electronics	79597	$17.73	1.10%	$1,411,254.81
12	CERT	Common Stock	Health Care	Health Care Technology	Certara	153317	$9.20	1.10%	$1,410,516.40
13	BELFB	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Bel Fuse Cl. B	5633	$244.12	1.07%	$1,375,127.96
14	IMAX	Common Stock	Communication Services	Entertainment	IMAX Corporation	24110	$54.80	1.03%	$1,321,228.00
15	PKE	Common Stock	Industrials	Aerospace & Defense	Park Aerospace	44473	$29.69	1.03%	$1,320,403.37
16	BLFS@	Common Stock	Health Care	Life Sciences Tools & Services	BioLife Solutions	33706	$38.85	1.02%	$1,309,478.10
17	TKNO	Common Stock	Health Care	Life Sciences Tools & Services	Alpha Teknova	142821	$8.90	0.99%	$1,271,106.90
18	AMPL	Common Stock	Information Technology	Software	Amplitude Cl. A	91517	$13.85	0.99%	$1,267,510.45
19	LQDT	Common Stock	Industrials	Commercial Services & Supplies	Liquidity Services	29489	$42.83	0.99%	$1,263,013.87
20	ISTR	Common Stock	Financials	Banks	Investar Holding	43335	$28.88	0.98%	$1,251,514.80
21	KOPN	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Kopin Corporation	270276	$4.60	0.97%	$1,243,269.60
22	ACU	Common Stock	Health Care	Health Care Equipment & Supplies	Acme United	19360	$63.42	0.96%	$1,227,811.20
23	TITN	Common Stock	Industrials	Trading Companies & Distributors	Titan Machinery	52659	$23.08	0.95%	$1,215,369.72
24	MDI CN	Common Stock	Materials	Metals & Mining	Major Drilling Group International	102097	$11.78	0.94%	$1,203,082.38
25	MRVI	Common Stock	Health Care	Life Sciences Tools & Services	Maravai LifeSciences Holdings Cl. A	154579	$7.66	0.93%	$1,184,075.14
26	FIVN	Common Stock	Information Technology	Software	Five9	34775	$34.01	0.92%	$1,182,697.75
27	SII CN	Common Stock	Financials	Capital Markets	Sprott	9877	$119.29	0.92%	$1,178,244.24
28	CTRN	Common Stock	Consumer Discretionary	Specialty Retail	Citi Trends	22734	$51.56	0.92%	$1,172,165.04
29	NGS	Common Stock	Energy	Energy Equipment & Services	Natural Gas Services Group	35835	$32.38	0.91%	$1,160,337.30
30	UCTT	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Ultra Clean Holdings	14057	$81.06	0.89%	$1,139,460.42
31	CECO	Common Stock	Industrials	Machinery	CECO Environmental	16172	$69.64	0.88%	$1,126,218.08
32	CTKB	Common Stock	Health Care	Life Sciences Tools & Services	Cytek Biosciences	188830	$5.96	0.88%	$1,125,426.80
33	SOPH	Common Stock	Health Care	Health Care Technology	SOPHiA GENETICS	133708	$8.38	0.88%	$1,120,473.04
34	ESTA	Common Stock	Health Care	Health Care Equipment & Supplies	Establishment Labs Holdings	17292	$64.17	0.87%	$1,109,627.64
35	OPY	Common Stock	Financials	Capital Markets	Oppenheimer Holdings Cl. A	9378	$117.96	0.86%	$1,106,228.88
36	ICHR	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Ichor Holdings	17788	$61.86	0.86%	$1,100,365.68
37	CLMB	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Climb Global Solutions	33928	$32.13	0.85%	$1,089,937.00
38	LYTS	Common Stock	Industrials	Electrical Equipment	LSI Industries	51594	$20.75	0.84%	$1,070,575.50
39	NWPX	Common Stock	Industrials	Construction & Engineering	NWPX Infrastructure	10292	$103.03	0.83%	$1,060,384.76
40	EVI	Common Stock	Industrials	Trading Companies & Distributors	EVI Industries	54443	$19.19	0.82%	$1,044,761.17
41	CAMT	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Camtek	6715	$155.25	0.81%	$1,042,503.75
42	PENG	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Penguin Solutions	18511	$54.69	0.79%	$1,012,366.59
43	KFRC	Common Stock	Industrials	Professional Services	Kforce	19133	$52.46	0.78%	$1,003,717.18
44	TBI	Common Stock	Industrials	Professional Services	TrueBlue	108913	$9.20	0.78%	$1,001,999.60
45	CVLG	Common Stock	Industrials	Ground Transportation	Covenant Logistics Group Cl. A	30669	$32.32	0.77%	$991,222.08
46	CUBI	Common Stock	Financials	Banks	Customers Bancorp	13361	$74.00	0.77%	$988,714.00
47	IGIC	Common Stock	Financials	Insurance	International General Insurance Holdings	40560	$24.30	0.77%	$985,608.00
48	NPKI	Common Stock	Industrials	Trading Companies & Distributors	NPK International	85760	$11.42	0.77%	$979,379.20
49	LEGH	Common Stock	Consumer Discretionary	Household Durables	Legacy Housing	33555	$28.67	0.75%	$962,021.85
50	PWP	Common Stock	Financials	Capital Markets	Perella Weinberg Partners Cl. A	58828	$16.31	0.75%	$959,484.68
51	JILL	Common Stock	Consumer Discretionary	Specialty Retail	J.Jill	38837	$24.37	0.74%	$946,457.69
52	LPTH	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	LightPath Technologies Cl. A	91533	$10.31	0.74%	$943,705.23
53	WNEB	Common Stock	Financials	Banks	Western New England Bancorp	68090	$13.69	0.73%	$932,152.10
54	CF CN	Common Stock	Financials	Capital Markets	Canaccord Genuity Group	94613	$9.82	0.73%	$929,409.93
55	WTTR	Common Stock	Energy	Energy Equipment & Services	Select Water Solutions Cl. A	46243	$19.79	0.71%	$915,148.97
56	HPS/A CN	Common Stock	Industrials	Electrical Equipment	Hammond Power Solutions Cl. A	4546	$198.45	0.70%	$902,140.55
57	CBNA	Common Stock	Financials	Banks	Chain Bridge Bancorp Cl. A	19391	$46.08	0.70%	$893,537.28
58	TH	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Target Hospitality	44545	$19.72	0.69%	$878,427.40
59	LINC	Common Stock	Consumer Discretionary	Diversified Consumer Services	Lincoln Educational Services	39844	$21.87	0.68%	$871,388.28
60	PD	Common Stock	Information Technology	Software	PagerDuty	57668	$15.10	0.68%	$870,786.80
61	AORT	Common Stock	Health Care	Health Care Equipment & Supplies	Artivion	37859	$22.82	0.67%	$863,942.38
62	ATRO	Common Stock	Industrials	Aerospace & Defense	Astronics Corporation	12746	$67.42	0.67%	$859,335.32
63	NVMI	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Nova	2171	$385.20	0.65%	$836,269.20
64	INTT	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	inTEST Corporation	70260	$11.83	0.65%	$831,175.80
65	TRNS	Common Stock	Industrials	Trading Companies & Distributors	Transcat	9283	$88.42	0.64%	$820,802.86
66	NBN	Common Stock	Financials	Banks	Northeast Bank	6598	$123.66	0.64%	$815,908.68
67	QNST	Common Stock	Communication Services	Interactive Media & Services	QuinStreet	53989	$15.01	0.63%	$810,374.89
68	LGCY	Common Stock	Consumer Discretionary	Diversified Consumer Services	Legacy Education	83627	$9.67	0.63%	$808,673.09
69	RLGT	Common Stock	Industrials	Air Freight & Logistics	Radiant Logistics	92532	$8.69	0.63%	$804,103.08
70	ESQ	Common Stock	Financials	Banks	Esquire Financial Holdings	6840	$116.37	0.62%	$795,970.80
71	MCFT	Common Stock	Consumer Discretionary	Leisure Products	MasterCraft Boat Holdings	40133	$19.80	0.62%	$794,633.40
72	ADTN	Common Stock	Information Technology	Communications Equipment	ADTRAN Holdings	115383	$6.84	0.62%	$788,642.81
73	ANGO	Common Stock	Health Care	Health Care Equipment & Supplies	AngioDynamics	50804	$15.38	0.61%	$781,365.52
74	MPTI	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	M-tron Industries	9965	$78.26	0.61%	$779,860.90
75	MG	Common Stock	Industrials	Professional Services	Mistras Group	36567	$21.06	0.60%	$770,101.02
76	BBCP	Common Stock	Industrials	Construction & Engineering	Concrete Pumping Holdings	79423	$9.69	0.60%	$769,608.87
77	HBT	Common Stock	Financials	Banks	HBT Financial	21758	$35.37	0.60%	$769,580.46
78	HIFS	Common Stock	Financials	Banks	Hingham Institution for Savings	2652	$282.59	0.59%	$749,428.68
79	AMSC	Common Stock	Industrials	Electrical Equipment	American Superconductor	25692	$29.11	0.58%	$747,894.12
80	MGNI	Common Stock	Communication Services	Media	Magnite	29416	$25.26	0.58%	$743,048.16
81	PSI CN	Common Stock	Energy	Energy Equipment & Services	Pason Systems	76180	$9.73	0.58%	$741,378.63
82	CLFD	Common Stock	Information Technology	Communications Equipment	Clearfield	23563	$31.14	0.57%	$733,751.82
83	NX	Common Stock	Industrials	Building Products	Quanex Building Products	38479	$18.87	0.57%	$726,098.73
84	VRA	Common Stock	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Vera Bradley	156394	$4.62	0.56%	$722,540.28
85	REAL	Common Stock	Consumer Discretionary	Specialty Retail	RealReal (The)	81614	$8.84	0.56%	$721,467.76
86	BCML	Common Stock	Financials	Banks	BayCom Corp.	23626	$30.34	0.56%	$716,812.84
87	VPG	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Vishay Precision Group	9762	$72.74	0.55%	$710,087.88
88	AMRC	Common Stock	Industrials	Construction & Engineering	Ameresco Cl. A	33781	$20.71	0.55%	$699,604.51
89	AIOT	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Powerfleet	243007	$2.84	0.54%	$690,139.88
90	VNP CN	Common Stock	Materials	Chemicals	5N Plus	32113	$21.30	0.53%	$684,162.71
91	PRN CN	Common Stock	Health Care	Health Care Equipment & Supplies	Profound Medical	114036	$5.86	0.52%	$668,278.28
92	PPIH	Common Stock	Industrials	Machinery	Perma-Pipe International Holdings	21535	$30.76	0.52%	$662,416.60
93	CMT	Common Stock	Materials	Chemicals	Core Molding Technologies	29061	$22.75	0.52%	$661,137.75
94	REPX	Common Stock	Energy	Oil, Gas & Consumable Fuels	Riley Exploration Permian	16418	$40.01	0.51%	$656,884.18
95	WNC	Common Stock	Industrials	Machinery	Wabash National	53200	$12.33	0.51%	$655,956.00
96	ALTG	Common Stock	Industrials	Trading Companies & Distributors	Alta Equipment Group	106121	$6.08	0.50%	$645,215.68
97	MRTN	Common Stock	Industrials	Ground Transportation	Marten Transport	49533	$12.92	0.50%	$639,966.36
98	RNGR	Common Stock	Energy	Energy Equipment & Services	Ranger Energy Services Cl. A	42082	$15.19	0.50%	$639,225.58
99	HTB	Common Stock	Financials	Banks	HomeTrust Bancshares	13887	$45.77	0.50%	$635,607.99
100	CYRX	Common Stock	Health Care	Life Sciences Tools & Services	Cryoport	36468	$17.40	0.50%	$634,543.20
101	FOXF	Common Stock	Consumer Discretionary	Automobile Components	Fox Factory Holding Corp.	34370	$18.37	0.49%	$631,376.90
102	LASR	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	nLIGHT	16128	$38.95	0.49%	$628,104.96
103	ASUR	Common Stock	Industrials	Professional Services	Asure Software	82424	$7.57	0.49%	$623,949.68
104	LNN	Common Stock	Industrials	Machinery	Lindsay Corporation	5512	$111.94	0.48%	$617,013.28
105	LMB	Common Stock	Industrials	Construction & Engineering	Limbach Holdings	12585	$48.93	0.48%	$615,784.05
106	AIF CN	Common Stock	Real Estate	Real Estate Management & Development	Altus Group	19535	$31.03	0.47%	$606,166.32
107	LGIH	Common Stock	Consumer Discretionary	Household Durables	LGI Homes	12699	$46.64	0.46%	$592,281.36
108	PAR	Common Stock	Information Technology	Software	PAR Technology	42892	$13.76	0.46%	$590,193.92
109	GSM	Common Stock	Materials	Metals & Mining	Ferroglobe	145196	$3.98	0.45%	$577,154.10
110	SRI	Common Stock	Consumer Discretionary	Automobile Components	Stoneridge	83801	$6.65	0.44%	$557,276.65
111	APYX	Common Stock	Health Care	Health Care Equipment & Supplies	Apyx Medical	220835	$2.45	0.42%	$541,045.75
112	DHX	Common Stock	Communication Services	Interactive Media & Services	DHI Group	114552	$4.70	0.42%	$538,394.40
113	DSP	Common Stock	Information Technology	Software	Viant Technology Cl. A	43677	$12.31	0.42%	$537,663.87
114	FWRG	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	First Watch Restaurant Group	52325	$10.17	0.42%	$532,145.25
115	CVU	Common Stock	Industrials	Aerospace & Defense	CPI Aerostructures	100135	$5.18	0.41%	$518,699.30
116	MMI	Common Stock	Real Estate	Real Estate Management & Development	Marcus & Millichap	17581	$28.45	0.39%	$500,179.45
117	SD	Common Stock	Energy	Oil, Gas & Consumable Fuels	SandRidge Energy	36907	$13.49	0.39%	$497,875.43
118	ONEW	Common Stock	Consumer Discretionary	Specialty Retail	OneWater Marine Cl. A	52043	$9.53	0.39%	$495,969.79
119	RMIX	Common Stock	Materials	Construction Materials	Suncrete Cl. A	38536	$12.87	0.39%	$495,958.32
120	ARLO	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Arlo Technologies	38221	$12.40	0.37%	$473,940.40
121	NTGR	Common Stock	Information Technology	Communications Equipment	NETGEAR	20607	$22.21	0.36%	$457,681.47
122	ERII	Common Stock	Industrials	Machinery	Energy Recovery	68099	$6.67	0.35%	$454,220.33
123	MLAB	Common Stock	Health Care	Life Sciences Tools & Services	Mesa Laboratories	3480	$129.94	0.35%	$452,191.20
124	HOV	Common Stock	Consumer Discretionary	Household Durables	Hovnanian Enterprises Cl. A	4067	$111.17	0.35%	$452,128.39
125	AZTA	Common Stock	Health Care	Life Sciences Tools & Services	Azenta	12739	$34.89	0.35%	$444,463.71
126	TWI	Common Stock	Industrials	Machinery	Titan International	65446	$6.78	0.35%	$443,723.88
127	LAKE	Common Stock	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Lakeland Industries	44467	$9.88	0.34%	$439,333.96
128	ABSI	Common Stock	Health Care	Biotechnology	Absci Corporation	40278	$10.77	0.34%	$433,794.06
129	UTI	Common Stock	Consumer Discretionary	Diversified Consumer Services	Universal Technical Institute	22852	$18.67	0.33%	$426,646.84
130	ALKT	Common Stock	Information Technology	Software	Alkami Technology	30987	$13.69	0.33%	$424,212.03
131	MDRX!	Common Stock	Health Care	Health Care Technology	Veradigm	85970	$4.90	0.33%	$421,253.00
132	ZVRA	Common Stock	Health Care	Pharmaceuticals	Zevra Therapeutics	37793	$10.97	0.32%	$414,589.21
133	ORIC	Common Stock	Health Care	Biotechnology	ORIC Pharmaceuticals	30731	$13.47	0.32%	$413,946.57
134	HELE	Common Stock	Consumer Discretionary	Household Durables	Helen of Troy	14848	$27.41	0.32%	$406,983.68
135	AOSL	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Alpha and Omega Semiconductor	14381	$27.50	0.31%	$395,477.50
136	METC	Common Stock	Materials	Metals & Mining	Ramaco Resources Cl. A	47714	$8.27	0.31%	$394,594.78
137	KURA	Common Stock	Health Care	Biotechnology	Kura Oncology	36649	$10.71	0.31%	$392,510.79
138	JBI	Common Stock	Industrials	Building Products	Janus International Group	89562	$4.09	0.29%	$366,308.58
139	AEHR	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Aehr Test Systems	3458	$99.62	0.27%	$344,485.96
140	CVGI	Common Stock	Industrials	Machinery	Commercial Vehicle Group	116748	$2.93	0.27%	$342,071.64
141	AAOI	Common Stock	Information Technology	Communications Equipment	Applied Optoelectronics	3151	$99.26	0.24%	$312,768.26
142	RBBN	Common Stock	Information Technology	Communications Equipment	Ribbon Communications	163383	$1.76	0.22%	$287,554.08
143	PNG CN	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Kraken Robotics	89417	$3.06	0.21%	$273,311.98
144	AEBI	Common Stock	Industrials	Machinery	Aebi Schmidt Holding	24921	$10.58	0.21%	$263,664.18
145	WGS	Common Stock	Health Care	Health Care Providers & Services	GeneDx Holdings Cl. A	3322	$72.30	0.19%	$240,180.60
146	AFM CN	Common Stock	Materials	Metals & Mining	Alphamin Resources	224774	$1.00	0.18%	$224,276.49
147	WPRT	Common Stock	Industrials	Machinery	Westport Fuel Systems	114296	$1.96	0.18%	$224,020.16
148	VABK	Common Stock	Financials	Banks	Virginia National Bankshares	3998	$47.66	0.15%	$190,544.68
149	ACVA	Common Stock	Industrials	Commercial Services & Supplies	ACV Auctions Cl. A	16609	$10.43	0.14%	$173,231.87
150	ALIT	Common Stock	Industrials	Professional Services	Alight Cl. A	18948	$8.92	0.13%	$169,016.16
151	REAX	Common Stock	Real Estate	Real Estate Management & Development	Real REMAX Group	9603	$16.36	0.12%	$157,105.08
152	CNTY	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Century Casinos	149217	$1.05	0.12%	$156,677.85
153	NXH	Common Stock	Consumer Discretionary	Specialty Retail	Neighborhood Intelligence	41218	$2.94	0.09%	$121,180.92
154	ONT	Common Stock	Industrials	Commercial Services & Supplies	Onterris	8228	$13.38	0.09%	$110,090.64
155	CCB	Common Stock	Financials	Banks	Coastal Financial	2330	$39.94	0.07%	$93,060.20
156	LXFR	Common Stock	Industrials	Machinery	Luxfer Holdings	5258	$17.27	0.07%	$90,805.66
157	TFIN	Common Stock	Financials	Banks	Triumph Financial	1495	$59.99	0.07%	$89,685.05
158	CMPX	Common Stock	Health Care	Biotechnology	Compass Therapeutics	76421	$1.04	0.06%	$79,477.84
159	LAB	Common Stock	Health Care	Life Sciences Tools & Services	Standard BioTools	5445	$0.74	0.00%	$4,032.57
160	1515759D LN	Common Stock	Financials	Banks	Midway Investments	1751577	$0.00	0.00%	$0.00

Important Disclosure Information

Royce Capital Fund - Micro-Cap Portfolio

Holdings as of: 09/30/26

Please Upgrade Your Browser

You are about to leave Royce Investment Partners’ website

Disclaimer

You are about to leave Royce Investment Partners’ website

Disclaimer

You are about to leave Royce Investment Partners’ website

Disclaimer

We've noticed that you have visited our website a few times.Would you like to sign up?

We've noticed that you have signed up for our website, but have not validated yourself.Please click below to send a validation email.

To add a Fund please enter your email

Interested in learning more?

This content is for Financial Professionals only.

Interested in learning more?

This content is for Financial Professionals only.

Seeing this again?

Check your email and click the link we sent. (Or fill out the form again.)

Please update your information

Welcome to Royce Investment Partners

Learn more about opportunities from the small cap specialists

Thank You.

Russell 2000 Market Cycles (%)

to

Tell us what you think

You are currently logged in with the email , would you like to sign out and login with the Royce Funds associated with the email?

We've noticed that you have visited our website a few times.

Would you like to sign up?

We've noticed that you have signed up for our website, but have not validated yourself.

Please click below to send a validation email.

Check your email and click the link we sent.
(Or fill out the form again.)