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 Dividend Value Fund

Holdings as of: 03/31/25

Download Holdings

#	Ticker	Asset Type	Sector	Industry	Name	Shares/ Principal	Price	% of Assets	Market Value
1	ASO	Common Stock	Consumer Discretionary	Specialty Retail	Academy Sports & Outdoors	52086	$45.61	3.75%	$2,375,642.46
2	AAP	Common Stock	Consumer Discretionary	Specialty Retail	Advance Auto Parts	59214	$39.21	3.66%	$2,321,780.94
3	FTAI	Common Stock	Industrials	Trading Companies & Distributors	FTAI Aviation	20671	$111.03	3.62%	$2,295,101.13
4	AGO	Common Stock	Financials	Insurance	Assured Guaranty	25814	$88.10	3.59%	$2,274,213.40
5	MSM	Common Stock	Industrials	Trading Companies & Distributors	MSC Industrial Direct Cl. A	27801	$77.67	3.41%	$2,159,303.67
6	RNR	Common Stock	Financials	Insurance	RenaissanceRe Holdings	8146	$240.00	3.09%	$1,955,040.00
7	SPNS	Common Stock	Information Technology	Software	Sapiens International	68606	$27.09	2.93%	$1,858,536.54
8	VNT	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Vontier Corporation	56246	$32.85	2.92%	$1,847,681.10
9		Repurchase Agreement			Fixed Income Clearing Corporation	1829670	$100.00	2.89%	$1,829,670.37
10	ATR	Common Stock	Materials	Containers & Packaging	AptarGroup	12238	$148.38	2.87%	$1,815,874.44
11	SEIC	Common Stock	Financials	Capital Markets	SEI Investments	23389	$77.63	2.87%	$1,815,688.07
12	AXS	Common Stock	Financials	Insurance	Axis Capital Holdings	18104	$100.24	2.86%	$1,814,744.96
13	KD	Common Stock	Information Technology	IT Services	Kyndryl Holdings	56223	$31.40	2.79%	$1,765,402.20
14	UFPI	Common Stock	Industrials	Building Products	UFP Industries	16076	$107.04	2.72%	$1,720,775.04
15	TKR	Common Stock	Industrials	Machinery	Timken Company (The)	23898	$71.87	2.71%	$1,717,549.26
16	KLIC	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Kulicke & Soffa Industries	50067	$32.98	2.61%	$1,651,209.66
17	BOKF	Common Stock	Financials	Banks	BOK Financial	15414	$104.15	2.53%	$1,605,368.10
18	AER	Common Stock	Industrials	Trading Companies & Distributors	AerCap Holdings	15575	$102.17	2.51%	$1,591,297.75
19	ESI	Common Stock	Materials	Chemicals	Element Solutions	69360	$22.61	2.48%	$1,568,229.60
20	MRX	Common Stock	Financials	Capital Markets	Marex Group	43449	$35.32	2.42%	$1,534,618.68
21	PSI CN	Common Stock	Energy	Energy Equipment & Services	Pason Systems	167102	$9.14	2.41%	$1,526,973.56
22	GCMG	Common Stock	Financials	Capital Markets	GCM Grosvenor Cl. A	110107	$13.23	2.30%	$1,456,715.61
23	HOMB	Common Stock	Financials	Banks	Home BancShares	50512	$28.27	2.25%	$1,427,974.24
24	SLGN	Common Stock	Materials	Containers & Packaging	Silgan Holdings	27689	$51.12	2.23%	$1,415,461.68
25	GABC	Common Stock	Financials	Banks	German American Bancorp	36905	$37.50	2.18%	$1,383,937.50
26	KWR	Common Stock	Materials	Chemicals	Quaker Houghton	10916	$123.61	2.13%	$1,349,326.76
27	TOWN	Common Stock	Financials	Banks	TowneBank	37318	$34.19	2.01%	$1,275,902.42
28	AIT	Common Stock	Industrials	Trading Companies & Distributors	Applied Industrial Technologies	5584	$225.34	1.99%	$1,258,298.56
29	BBWI	Common Stock	Consumer Discretionary	Specialty Retail	Bath & Body Works	40390	$30.32	1.93%	$1,224,624.80
30	IBP	Common Stock	Consumer Discretionary	Household Durables	Installed Building Products	6970	$171.46	1.89%	$1,195,076.20
31	SBCF	Common Stock	Financials	Banks	Seacoast Banking Corporation of Florida	39999	$25.73	1.62%	$1,029,174.27
32	MBIN	Common Stock	Financials	Financial Services	Merchants Bancorp	27659	$37.00	1.62%	$1,023,383.00
33	ENSG	Common Stock	Health Care	Health Care Providers & Services	Ensign Group (The)	7439	$129.40	1.52%	$962,606.60
34	KBR	Common Stock	Industrials	Professional Services	KBR	19005	$49.81	1.49%	$946,639.05
35	GBCI	Common Stock	Financials	Banks	Glacier Bancorp	17576	$44.22	1.23%	$777,210.72
36	KIMBERA MM	Common Stock	Consumer Staples	Household Products	Kimberly-Clark de Mexico	447643	$1.64	1.16%	$733,439.36
37	WHD	Common Stock	Energy	Energy Equipment & Services	Cactus Cl. A	14866	$45.83	1.08%	$681,308.78
38	AVTR	Common Stock	Health Care	Life Sciences Tools & Services	Avantor	41372	$16.21	1.06%	$670,640.12
39	BALL	Common Stock	Materials	Containers & Packaging	Ball Corporation	12550	$52.07	1.03%	$653,478.50
40	WOR	Common Stock	Consumer Discretionary	Household Durables	Worthington Enterprises	12536	$50.09	0.99%	$627,928.24
41	COHR	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Coherent Corp.	9658	$64.94	0.99%	$627,190.52
42	CRL	Common Stock	Health Care	Life Sciences Tools & Services	Charles River Laboratories International	4137	$150.52	0.98%	$622,701.24
43	WAL	Common Stock	Financials	Banks	Western Alliance Bancorp	7918	$76.83	0.96%	$608,339.94
44	SPX LN	Common Stock	Industrials	Machinery	Spirax Group	7410	$80.54	0.94%	$596,773.29
45	LECO	Common Stock	Industrials	Machinery	Lincoln Electric Holdings	2255	$189.16	0.67%	$426,555.80
46	SSD	Common Stock	Industrials	Building Products	Simpson Manufacturing	2085	$157.08	0.52%	$327,511.80
47	KFY	Common Stock	Industrials	Professional Services	Korn Ferry	2788	$67.83	0.30%	$189,110.04

Important Disclosure Information

Royce Dividend Value Fund

Holdings as of: 03/31/25

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