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 - Small-Cap Portfolio

Holdings as of: 03/31/25

Download Holdings

#	Ticker	Asset Type	Sector	Industry	Name	Shares/ Principal	Price	% of Assets	Market Value
1	VLGEA	Common Stock	Consumer Staples	Consumer Staples Distribution & Retail	Village Super Market Cl. A	103150	$38.01	2.03%	$3,920,731.50
2	MOH	Common Stock	Health Care	Health Care Providers & Services	Molina Healthcare	11628	$329.39	1.98%	$3,830,146.92
3	TIPT	Common Stock	Financials	Insurance	Tiptree	157936	$24.09	1.97%	$3,804,678.24
4		Repurchase Agreement			Fixed Income Clearing Corporation	3764749	$100.00	1.95%	$3,764,748.82
5	DBD	Common Stock	Information Technology	Technology Hardware, Storage & Peripherals	Diebold Nixdorf	85810	$43.72	1.94%	$3,751,613.20
6	ALSN	Common Stock	Industrials	Machinery	Allison Transmission Holdings	39204	$95.67	1.94%	$3,750,646.68
7	IBEX	Common Stock	Industrials	Professional Services	IBEX	149985	$24.35	1.89%	$3,652,134.75
8	SANM	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Sanmina Corporation	47463	$76.18	1.87%	$3,615,731.34
9	TGNA	Common Stock	Communication Services	Media	TEGNA	198144	$18.22	1.87%	$3,610,183.68
10	PHM	Common Stock	Consumer Discretionary	Household Durables	PulteGroup	34702	$102.80	1.85%	$3,567,365.60
11	TSBK	Common Stock	Financials	Banks	Timberland Bancorp	114566	$30.15	1.79%	$3,454,164.90
12	LEA	Common Stock	Consumer Discretionary	Automobile Components	Lear Corporation	38362	$88.22	1.75%	$3,384,295.64
13	BHRB	Common Stock	Financials	Banks	Burke & Herbert Financial Services	57923	$56.11	1.68%	$3,250,059.53
14	FLEX	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Flex	97241	$33.08	1.67%	$3,216,732.28
15	CPRX	Common Stock	Health Care	Biotechnology	Catalyst Pharmaceuticals	131733	$24.25	1.65%	$3,194,525.25
16	TPH	Common Stock	Consumer Discretionary	Household Durables	Tri Pointe Homes	99606	$31.92	1.65%	$3,179,423.52
17	CIVI	Common Stock	Energy	Oil, Gas & Consumable Fuels	Civitas Resources	90629	$34.89	1.64%	$3,162,045.81
18	MHO	Common Stock	Consumer Discretionary	Household Durables	M/I Homes	27432	$114.18	1.62%	$3,132,185.76
19	MTH	Common Stock	Consumer Discretionary	Household Durables	Meritage Homes	43825	$70.88	1.61%	$3,106,316.00
20	VC	Common Stock	Consumer Discretionary	Automobile Components	Visteon Corporation	39991	$77.62	1.61%	$3,104,101.42
21	BKE	Common Stock	Consumer Discretionary	Specialty Retail	Buckle (The)	79660	$38.32	1.58%	$3,052,571.20
22	UNTY	Common Stock	Financials	Banks	Unity Bancorp	72303	$40.70	1.52%	$2,942,732.10
23	MTDR	Common Stock	Energy	Oil, Gas & Consumable Fuels	Matador Resources	57199	$51.09	1.51%	$2,922,296.91
24	JBL	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Jabil	21228	$136.07	1.50%	$2,888,493.96
25	SM	Common Stock	Energy	Oil, Gas & Consumable Fuels	SM Energy	95905	$29.95	1.49%	$2,872,354.75
26	TNK	Common Stock	Energy	Oil, Gas & Consumable Fuels	Teekay Tankers Cl. A	72838	$38.27	1.44%	$2,787,510.26
27	ACT	Common Stock	Financials	Financial Services	Enact Holdings	78437	$34.75	1.41%	$2,725,685.75
28	COLL	Common Stock	Health Care	Pharmaceuticals	Collegium Pharmaceutical	91072	$29.85	1.41%	$2,718,499.20
29	HFWA	Common Stock	Financials	Banks	Heritage Financial	110455	$24.33	1.39%	$2,687,370.15
30	BBSI	Common Stock	Industrials	Professional Services	Barrett Business Services	64204	$41.15	1.37%	$2,641,994.60
31	GNK	Common Stock	Industrials	Marine Transportation	Genco Shipping & Trading	192637	$13.36	1.33%	$2,573,630.32
32	EVR	Common Stock	Financials	Capital Markets	Evercore Cl. A	12763	$199.72	1.32%	$2,549,026.36
33	SNX	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	TD SYNNEX	24246	$103.96	1.31%	$2,520,614.16
34	MBC	Common Stock	Industrials	Building Products	MasterBrand	192248	$13.06	1.30%	$2,510,758.88
35	UVSP	Common Stock	Financials	Banks	Univest Financial	87506	$28.36	1.29%	$2,481,670.16
36	JILL	Common Stock	Consumer Discretionary	Specialty Retail	J.Jill	125414	$19.53	1.27%	$2,449,335.42
37	IMXI	Common Stock	Financials	Financial Services	International Money Express	193778	$12.62	1.27%	$2,445,478.36
38	FRBA	Common Stock	Financials	Banks	First Bank	164697	$14.81	1.26%	$2,439,162.57
39	CAL	Common Stock	Consumer Discretionary	Specialty Retail	Caleres	139432	$17.23	1.24%	$2,402,413.36
40	CHRD	Common Stock	Energy	Oil, Gas & Consumable Fuels	Chord Energy	21262	$112.72	1.24%	$2,396,652.64
41	AMKR	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Amkor Technology	132471	$18.06	1.24%	$2,392,426.26
42	NEU	Common Stock	Materials	Chemicals	NewMarket Corporation	4182	$566.45	1.23%	$2,368,893.90
43	MPB	Common Stock	Financials	Banks	Mid Penn Bancorp	91380	$25.91	1.23%	$2,367,655.80
44	SIG	Common Stock	Consumer Discretionary	Specialty Retail	Signet Jewelers	40776	$58.06	1.23%	$2,367,454.56
45	KFY	Common Stock	Industrials	Professional Services	Korn Ferry	34664	$67.83	1.22%	$2,351,259.12
46	CCNE	Common Stock	Financials	Banks	CNB Financial	104963	$22.25	1.21%	$2,335,426.75
47	ARCB	Common Stock	Industrials	Ground Transportation	ArcBest Corporation	32644	$70.58	1.19%	$2,304,013.52
48	SCVL	Common Stock	Consumer Discretionary	Specialty Retail	Shoe Carnival	101957	$21.99	1.16%	$2,242,034.43
49	PLUS	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	ePlus	36523	$61.03	1.15%	$2,228,998.69
50	ASO	Common Stock	Consumer Discretionary	Specialty Retail	Academy Sports & Outdoors	48542	$45.61	1.15%	$2,214,000.62
51	DCOM	Common Stock	Financials	Banks	Dime Community Bancshares	78424	$27.88	1.13%	$2,186,461.12
52	REPX	Common Stock	Energy	Oil, Gas & Consumable Fuels	Riley Exploration Permian	73601	$29.17	1.11%	$2,146,941.17
53	STRL	Common Stock	Industrials	Construction & Engineering	Sterling Infrastructure	18408	$113.21	1.08%	$2,083,969.68
54	ETD	Common Stock	Consumer Discretionary	Household Durables	Ethan Allen Interiors	74341	$27.70	1.07%	$2,059,245.70
55	BELFB	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Bel Fuse Cl. B	26828	$74.86	1.04%	$2,008,344.08
56	FTDR	Common Stock	Consumer Discretionary	Diversified Consumer Services	frontdoor	51846	$38.42	1.03%	$1,991,923.32
57	AMPH	Common Stock	Health Care	Pharmaceuticals	Amphastar Pharmaceuticals	68709	$28.99	1.03%	$1,991,873.91
58	PANL	Common Stock	Industrials	Marine Transportation	Pangaea Logistics Solutions	411104	$4.76	1.01%	$1,956,855.04
59	KTB	Common Stock	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Kontoor Brands	28702	$64.13	0.95%	$1,840,659.26
60	WSBC	Common Stock	Financials	Banks	WesBanco	59451	$30.96	0.95%	$1,840,602.96
61	CRGY	Common Stock	Energy	Oil, Gas & Consumable Fuels	Crescent Energy Cl. A	162307	$11.24	0.94%	$1,824,330.68
62	MLR	Common Stock	Industrials	Machinery	Miller Industries	42981	$42.37	0.94%	$1,821,104.97
63	OCFC	Common Stock	Financials	Banks	OceanFirst Financial	105193	$17.01	0.93%	$1,789,332.93
64	TRST	Common Stock	Financials	Banks	TrustCo Bank Corp NY	54860	$30.48	0.87%	$1,672,132.80
65	WSM	Common Stock	Consumer Discretionary	Specialty Retail	Williams-Sonoma	10507	$158.10	0.86%	$1,661,156.70
66	WNEB	Common Stock	Financials	Banks	Western New England Bancorp	173647	$9.30	0.84%	$1,614,917.10
67	WS	Common Stock	Materials	Metals & Mining	Worthington Steel	63721	$25.33	0.84%	$1,614,052.93
68	DMLP	Common Stock	Energy	Oil, Gas & Consumable Fuels	Dorchester Minerals L.P.	52725	$30.08	0.82%	$1,585,968.00
69	CNXN	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	PC Connection	25163	$62.42	0.81%	$1,570,674.46
70	TILE	Common Stock	Industrials	Commercial Services & Supplies	Interface	76418	$19.84	0.79%	$1,516,133.12
71	SLVM	Common Stock	Materials	Paper & Forest Products	Sylvamo Corporation	22573	$67.07	0.78%	$1,513,971.11
72	UFPI	Common Stock	Industrials	Building Products	UFP Industries	13703	$107.04	0.76%	$1,466,769.12
73	SIGA	Common Stock	Health Care	Pharmaceuticals	SIGA Technologies	226588	$5.48	0.64%	$1,241,702.24
74	BPRN	Common Stock	Financials	Banks	Princeton Bancorp	36356	$30.55	0.58%	$1,110,675.80
75	CZWI	Common Stock	Financials	Banks	Citizens Community Bancorp	76671	$14.38	0.57%	$1,102,528.98
76	BLMN	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Bloomin' Brands	135920	$7.17	0.50%	$974,546.40
77	HUBG	Common Stock	Industrials	Air Freight & Logistics	Hub Group Cl. A	25139	$37.17	0.48%	$934,416.63
78	ADEA	Common Stock	Information Technology	Software	Adeia	68898	$13.22	0.47%	$910,831.56
79	OXM	Common Stock	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Oxford Industries	12059	$58.67	0.37%	$707,501.53
80	FSBW	Common Stock	Financials	Banks	FS Bancorp	10915	$38.01	0.21%	$414,879.15
81	SNDR	Common Stock	Industrials	Ground Transportation	Schneider National Cl. B	17857	$22.85	0.21%	$408,032.45

Important Disclosure Information

Royce Capital Fund - Small-Cap Portfolio

Holdings as of: 03/31/25

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.)