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: 03/31/26

Download Holdings

#	Ticker	Asset Type	Sector	Industry	Name	Shares/ Principal	Price	% of Assets	Market Value
1	DBD	Common Stock	Information Technology	Technology Hardware, Storage & Peripherals	Diebold Nixdorf	49852	$75.44	2.20%	$3,760,834.88
2	SNX	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	TD SYNNEX	20825	$168.71	2.06%	$3,513,385.75
3	CPRX	Common Stock	Health Care	Biotechnology	Catalyst Pharmaceuticals	138741	$24.76	2.01%	$3,435,227.16
4	TSBK	Common Stock	Financials	Banks	Timberland Bancorp	86554	$39.43	2.00%	$3,412,824.22
5	VLGEA	Common Stock	Consumer Staples	Consumer Staples Distribution & Retail	Village Super Market Cl. A	80814	$42.23	2.00%	$3,412,775.22
6	IBEX	Common Stock	Industrials	Professional Services	IBEX	126590	$26.82	1.99%	$3,395,143.80
7	MTDR	Common Stock	Energy	Oil, Gas & Consumable Fuels	Matador Resources	50556	$63.18	1.87%	$3,194,128.08
8	ALSN	Common Stock	Industrials	Machinery	Allison Transmission Holdings	27131	$117.06	1.86%	$3,175,954.86
9	SM	Common Stock	Energy	Oil, Gas & Consumable Fuels	SM Energy	101071	$31.18	1.84%	$3,151,393.78
10	LEA	Common Stock	Consumer Discretionary	Automobile Components	Lear Corporation	26025	$121.08	1.84%	$3,151,107.00
11	BLBD	Common Stock	Industrials	Machinery	Blue Bird	55000	$56.79	1.83%	$3,123,450.00
12	UNTY	Common Stock	Financials	Banks	Unity Bancorp	59644	$51.83	1.81%	$3,091,348.52
13	TNK	Common Stock	Energy	Oil, Gas & Consumable Fuels	Teekay Tankers Cl. A	41926	$73.32	1.80%	$3,074,014.32
14	GNK	Common Stock	Industrials	Marine Transportation	Genco Shipping & Trading	134579	$22.55	1.78%	$3,034,756.45
15	BKE	Common Stock	Consumer Discretionary	Specialty Retail	Buckle (The)	59411	$50.36	1.75%	$2,991,937.96
16	PHM	Common Stock	Consumer Discretionary	Household Durables	PulteGroup	25265	$117.61	1.74%	$2,971,416.65
17	MHO	Common Stock	Consumer Discretionary	Household Durables	M/I Homes	24112	$122.45	1.73%	$2,952,514.40
18	ACT	Common Stock	Financials	Financial Services	Enact Holdings	70474	$40.81	1.68%	$2,876,043.94
19	EVR	Common Stock	Financials	Capital Markets	Evercore Cl. A	9418	$298.51	1.65%	$2,811,367.18
20	KFY	Common Stock	Industrials	Professional Services	Korn Ferry	44550	$62.95	1.64%	$2,804,422.50
21	FRBA	Common Stock	Financials	Banks	First Bank	171913	$16.00	1.61%	$2,750,608.00
22	VC	Common Stock	Consumer Discretionary	Automobile Components	Visteon Corporation	29876	$91.11	1.59%	$2,722,002.36
23	SANM	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Sanmina Corporation	20893	$129.64	1.59%	$2,708,568.52
24	ASO	Common Stock	Consumer Discretionary	Specialty Retail	Academy Sports & Outdoors	47262	$56.45	1.56%	$2,667,939.90
25	GNTX	Common Stock	Consumer Discretionary	Automobile Components	Gentex Corporation	121756	$21.85	1.56%	$2,660,368.60
26	KTB	Common Stock	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Kontoor Brands	37748	$70.29	1.55%	$2,653,306.92
27	CIVB	Common Stock	Financials	Banks	Civista Bancshares	116248	$22.79	1.55%	$2,649,291.92
28	TILE	Common Stock	Industrials	Commercial Services & Supplies	Interface	103233	$24.92	1.51%	$2,572,566.36
29	INVA	Common Stock	Health Care	Pharmaceuticals	Innoviva	109442	$23.30	1.49%	$2,549,998.60
30	MMS	Common Stock	Industrials	Professional Services	MAXIMUS	39202	$64.10	1.47%	$2,512,848.20
31	TMHC	Common Stock	Consumer Discretionary	Household Durables	Taylor Morrison Home	43135	$58.24	1.47%	$2,512,182.40
32	BFST	Common Stock	Financials	Banks	Business First Bancshares	91458	$27.04	1.45%	$2,473,024.32
33	BBT	Common Stock	Financials	Banks	Beacon Financial	81850	$30.00	1.44%	$2,455,500.00
34	FSBW	Common Stock	Financials	Banks	FS Bancorp	62132	$38.59	1.40%	$2,397,673.88
35	LRN	Common Stock	Consumer Discretionary	Diversified Consumer Services	Stride	27071	$88.17	1.40%	$2,386,850.07
36	BYD	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Boyd Gaming	28954	$82.18	1.39%	$2,379,439.72
37	BHRB	Common Stock	Financials	Banks	Burke & Herbert Financial Services	37431	$62.29	1.36%	$2,331,576.99
38	REPX	Common Stock	Energy	Oil, Gas & Consumable Fuels	Riley Exploration Permian	63196	$36.45	1.35%	$2,303,494.20
39	UFCS	Common Stock	Financials	Insurance	United Fire Group	60785	$37.06	1.32%	$2,252,692.10
40	SIG	Common Stock	Consumer Discretionary	Specialty Retail	Signet Jewelers	26612	$84.64	1.32%	$2,252,439.68
41	CNXN	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	PC Connection	37025	$58.46	1.27%	$2,164,481.50
42	DGICA	Common Stock	Financials	Insurance	Donegal Group Cl. A	125479	$17.18	1.26%	$2,155,729.22
43	HRMY	Common Stock	Health Care	Pharmaceuticals	Harmony Biosciences Holdings	76841	$28.01	1.26%	$2,152,316.41
44	WSBC	Common Stock	Financials	Banks	WesBanco	61976	$34.49	1.25%	$2,137,552.24
45	MPB	Common Stock	Financials	Banks	Mid Penn Bancorp	63572	$32.16	1.20%	$2,044,475.52
46	SCVL	Common Stock	Consumer Discretionary	Specialty Retail	Shoe Carnival	129625	$15.59	1.18%	$2,020,853.75
47	COLL	Common Stock	Health Care	Pharmaceuticals	Collegium Pharmaceutical	59570	$33.07	1.15%	$1,969,979.90
48	JILL	Common Stock	Consumer Discretionary	Specialty Retail	J.Jill	170743	$11.46	1.15%	$1,956,714.78
49	ADEA	Common Stock	Information Technology	Software	Adeia	81076	$24.03	1.14%	$1,948,256.28
50	CRMD	Common Stock	Health Care	Pharmaceuticals	CorMedix	284829	$6.79	1.13%	$1,933,988.91
51	DNOW	Common Stock	Industrials	Trading Companies & Distributors	DNOW	151909	$11.91	1.06%	$1,809,236.19
52	CCNE	Common Stock	Financials	Banks	CNB Financial	62209	$28.96	1.05%	$1,801,572.64
53	AMPH	Common Stock	Health Care	Pharmaceuticals	Amphastar Pharmaceuticals	91885	$19.59	1.05%	$1,800,027.15
54	BBSI	Common Stock	Industrials	Professional Services	Barrett Business Services	60475	$29.18	1.03%	$1,764,660.50
55	BPRN	Common Stock	Financials	Banks	Princeton Bancorp	50907	$33.77	1.01%	$1,719,129.39
56	PLUS	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	ePlus	22724	$75.25	1.00%	$1,709,981.00
57	CHRD	Common Stock	Energy	Oil, Gas & Consumable Fuels	Chord Energy	11674	$142.18	0.97%	$1,659,809.32
58		Repurchase Agreement			Fixed Income Clearing Corporation	1654390	$100.00	0.97%	$1,654,389.78
59	FLEX	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Flex	24390	$65.46	0.93%	$1,596,569.40
60	MTH	Common Stock	Consumer Discretionary	Household Durables	Meritage Homes	24908	$61.84	0.90%	$1,540,310.72
61	JBL	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Jabil	5518	$265.63	0.86%	$1,465,746.34
62	KFRC	Common Stock	Industrials	Professional Services	Kforce	48754	$29.24	0.83%	$1,425,566.96
63	AMKR	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Amkor Technology	30109	$45.03	0.79%	$1,355,808.27
64	HFWA	Common Stock	Financials	Banks	Heritage Financial	52007	$26.00	0.79%	$1,352,182.00
65	ARCB	Common Stock	Industrials	Ground Transportation	ArcBest Corporation	13633	$98.36	0.79%	$1,340,941.88
66	MD	Common Stock	Health Care	Health Care Providers & Services	Pediatrix Medical Group	61116	$21.39	0.77%	$1,307,271.24
67	FTDR	Common Stock	Consumer Discretionary	Diversified Consumer Services	frontdoor	24324	$52.86	0.75%	$1,285,766.64
68	TIPT	Common Stock	Financials	Insurance	Tiptree	71387	$16.92	0.71%	$1,207,868.04
69	OCFC	Common Stock	Financials	Banks	OceanFirst Financial	65883	$18.04	0.70%	$1,188,529.32
70	UVSP	Common Stock	Financials	Banks	Univest Financial	34330	$34.26	0.69%	$1,176,145.80
71	ETD	Common Stock	Consumer Discretionary	Household Durables	Ethan Allen Interiors	46852	$22.26	0.61%	$1,042,925.52
72	STRL	Common Stock	Industrials	Construction & Engineering	Sterling Infrastructure	2544	$407.27	0.61%	$1,036,094.88
73	BELFB	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Bel Fuse Cl. B	5189	$197.98	0.60%	$1,027,318.22
74	TRDA	Common Stock	Health Care	Biotechnology	Entrada Therapeutics	76461	$12.62	0.56%	$964,937.82
75	SIGA	Common Stock	Health Care	Pharmaceuticals	SIGA Technologies	170858	$5.35	0.54%	$914,090.30
76	DCOM	Common Stock	Financials	Banks	Dime Community Bancshares	12881	$33.82	0.26%	$435,635.42
77	TRST	Common Stock	Financials	Banks	TrustCo Bank Corp NY	9906	$43.78	0.25%	$433,684.68
78	UFPI	Common Stock	Industrials	Building Products	UFP Industries	4488	$92.12	0.24%	$413,434.56
79	WSM	Common Stock	Consumer Discretionary	Specialty Retail	Williams-Sonoma	2184	$182.33	0.23%	$398,208.72
80	WNEB	Common Stock	Financials	Banks	Western New England Bancorp	19951	$12.93	0.15%	$257,966.43

Important Disclosure Information

Royce Capital Fund - Small-Cap Portfolio

Holdings as of: 03/31/26

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