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 SMid-Cap Total Return Fund

Holdings as of: 09/30/26

Download Holdings

#	Ticker	Asset Type	Sector	Industry	Name	Shares/ Principal	Price	% of Assets	Market Value
1	MSM	Common Stock	Industrials	Trading Companies & Distributors	MSC Industrial Direct Cl. A	10850	$123.72	4.16%	$1,342,362.00
2		Repurchase Agreement			Fixed Income Clearing Corporation	1301973	$100.00	4.03%	$1,301,973.48
3	AAP	Common Stock	Consumer Discretionary	Specialty Retail	Advance Auto Parts	30129	$38.91	3.63%	$1,172,319.39
4	ANDG	Common Stock	Industrials	Professional Services	Andersen Group Cl. A	21447	$54.40	3.61%	$1,166,716.80
5	AVTR	Common Stock	Health Care	Life Sciences Tools & Services	Avantor	67771	$15.05	3.16%	$1,019,953.55
6	VNT	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Vontier Corporation	32301	$31.40	3.14%	$1,014,251.40
7	KWR	Common Stock	Materials	Chemicals	Quaker Houghton	6046	$157.76	2.95%	$953,816.96
8	ASO	Common Stock	Consumer Discretionary	Specialty Retail	Academy Sports and Outdoors	19418	$48.09	2.89%	$933,811.62
9	AGO	Common Stock	Financials	Insurance	Assured Guaranty	12865	$67.72	2.70%	$871,217.80
10	ATR	Common Stock	Materials	Containers & Packaging	AptarGroup	7033	$121.16	2.64%	$852,118.28
11	AER	Common Stock	Industrials	Trading Companies & Distributors	AerCap Holdings	5370	$143.52	2.39%	$770,702.40
12	WDAY	Common Stock	Information Technology	Software	Workday Cl. A	3978	$190.46	2.35%	$757,649.88
13	BALL	Common Stock	Materials	Containers & Packaging	Ball Corporation	13147	$56.03	2.28%	$736,626.41
14	ENSG	Common Stock	Health Care	Health Care Providers & Services	Ensign Group (The)	4166	$172.00	2.22%	$716,552.00
15	KBR	Common Stock	Industrials	Professional Services	KBR	19546	$35.16	2.13%	$687,237.36
16	GABC	Common Stock	Financials	Banks	German American Bancorp	13908	$48.36	2.08%	$672,590.88
17	WHD	Common Stock	Energy	Energy Equipment & Services	Cactus Cl. A	10777	$62.22	2.08%	$670,544.94
18	SEIC	Common Stock	Financials	Capital Markets	SEI Investments	6405	$102.66	2.04%	$657,537.30
19	HOMB	Common Stock	Financials	Banks	Home BancShares	22568	$28.18	1.97%	$635,966.24
20	FTAI	Common Stock	Industrials	Aerospace & Defense	FTAI Aviation	3758	$167.03	1.94%	$627,698.74
21	RYAN	Common Stock	Financials	Insurance	Ryan Specialty Holdings Cl. A	16849	$37.00	1.93%	$623,413.00
22	CHWY	Common Stock	Consumer Discretionary	Specialty Retail	Chewy Cl. A	33827	$18.20	1.91%	$615,651.40
23	UFPI	Common Stock	Industrials	Building Products	UFP Industries	7944	$77.22	1.90%	$613,435.68
24	CLX	Common Stock	Consumer Staples	Household Products	Clorox Company	7374	$81.01	1.85%	$597,367.74
25	TRS	Common Stock	Materials	Containers & Packaging	TriMas Corporation	15123	$38.60	1.81%	$583,672.19
26	SLGN	Common Stock	Materials	Containers & Packaging	Silgan Holdings	16660	$34.75	1.79%	$578,935.00
27	YSWY	Common Stock	Consumer Staples	Consumer Staples Distribution & Retail	Yesway Cl. A	28049	$20.16	1.75%	$565,467.84
28	BBWI	Common Stock	Consumer Discretionary	Specialty Retail	Bath & Body Works	35511	$15.92	1.75%	$565,335.12
29	CBSH	Common Stock	Financials	Banks	Commerce Bancshares	9738	$54.74	1.65%	$533,058.12
30	MBIN	Common Stock	Financials	Financial Services	Merchants Bancorp	10641	$48.96	1.61%	$520,983.36
31	KNSL	Common Stock	Financials	Insurance	Kinsale Capital Group	1577	$322.75	1.58%	$508,976.75
32	ZTS	Common Stock	Health Care	Pharmaceuticals	Zoetis	7114	$69.83	1.54%	$496,770.62
33	SFM	Common Stock	Consumer Staples	Consumer Staples Distribution & Retail	Sprouts Farmers Market	7472	$66.35	1.54%	$495,767.20
34	RLI	Common Stock	Financials	Insurance	RLI Corp.	8955	$55.31	1.53%	$495,301.05
35	SPX LN	Common Stock	Industrials	Machinery	Spirax Group	5076	$96.19	1.51%	$488,262.65
36	TNET	Common Stock	Industrials	Professional Services	TriNet Group	7589	$62.54	1.47%	$474,616.06
37	TTC	Common Stock	Industrials	Machinery	Toro Company (The)	4905	$96.42	1.47%	$472,940.10
38	TKR	Common Stock	Industrials	Machinery	Timken Company (The)	4004	$116.75	1.45%	$467,467.00
39	MRX	Common Stock	Financials	Capital Markets	Marex Group	6646	$69.76	1.44%	$463,624.96
40	HLI	Common Stock	Financials	Capital Markets	Houlihan Lokey Cl. A	3669	$126.34	1.44%	$463,541.46
41	GBCI	Common Stock	Financials	Banks	Glacier Bancorp	10560	$43.20	1.41%	$456,192.00
42	AIT	Common Stock	Industrials	Trading Companies & Distributors	Applied Industrial Technologies	1315	$332.29	1.35%	$436,961.35
43	CBC	Common Stock	Financials	Banks	Central Bancompany Cl. A	13623	$31.25	1.32%	$425,718.75
44	MTN	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Vail Resorts	3061	$137.18	1.30%	$419,907.98
45	BOKF	Common Stock	Financials	Banks	BOK Financial	3128	$126.40	1.22%	$395,379.20
46	TREX	Common Stock	Industrials	Building Products	Trex Company	8813	$43.56	1.19%	$383,894.28
47	PIPR	Common Stock	Financials	Capital Markets	Piper Sandler Companies	4504	$65.97	0.92%	$297,128.88
48	MC	Common Stock	Financials	Capital Markets	Moelis & Company Cl. A	5132	$57.52	0.91%	$295,192.64
49	SSD	Common Stock	Industrials	Building Products	Simpson Manufacturing	1673	$170.88	0.89%	$285,882.24
50	IBP	Common Stock	Consumer Discretionary	Household Durables	Installed Building Products	1414	$191.88	0.84%	$271,318.32
51	LECO	Common Stock	Industrials	Machinery	Lincoln Electric Holdings	883	$264.58	0.72%	$233,624.14
52	KLIC	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Kulicke & Soffa Industries	1555	$94.25	0.45%	$146,558.75
53	TDS	Common Stock	Communication Services	Wireless Telecommunication Services	Telephone and Data Systems	2293	$33.92	0.24%	$77,778.56
54	COO	Common Stock	Health Care	Health Care Equipment & Supplies	Cooper Companies (The)	1245	$56.53	0.22%	$70,379.85

Important Disclosure Information

Royce SMid-Cap Total Return Fund

Holdings as of: 09/30/26

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