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: 09/30/25

Download Holdings

#	Ticker	Asset Type	Sector	Industry	Name	Shares/ Principal	Price	% of Assets	Market Value
1		Repurchase Agreement			Fixed Income Clearing Corporation	2545756	$100.00	5.70%	$2,545,756.34
2	FTAI	Common Stock	Industrials	Trading Companies & Distributors	FTAI Aviation	11846	$166.86	4.42%	$1,976,623.56
3	ASO	Common Stock	Consumer Discretionary	Specialty Retail	Academy Sports & Outdoors	37722	$50.02	4.22%	$1,886,854.44
4	AGO	Common Stock	Financials	Insurance	Assured Guaranty	18960	$84.65	3.59%	$1,604,964.00
5	AAP	Common Stock	Consumer Discretionary	Specialty Retail	Advance Auto Parts	25744	$61.40	3.54%	$1,580,681.60
6	KD	Common Stock	Information Technology	IT Services	Kyndryl Holdings	49043	$30.03	3.30%	$1,472,761.29
7	VNT	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Vontier Corporation	34386	$41.97	3.23%	$1,443,180.42
8	MSM	Common Stock	Industrials	Trading Companies & Distributors	MSC Industrial Direct Cl. A	15034	$92.14	3.10%	$1,385,232.76
9	KLIC	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Kulicke & Soffa Industries	32544	$40.64	2.96%	$1,322,588.16
10	ATR	Common Stock	Materials	Containers & Packaging	AptarGroup	9682	$133.66	2.90%	$1,294,096.12
11	TKR	Common Stock	Industrials	Machinery	Timken Company (The)	17126	$75.18	2.88%	$1,287,532.68
12	AER	Common Stock	Industrials	Trading Companies & Distributors	AerCap Holdings	9574	$121.00	2.59%	$1,158,454.00
13	ESI	Common Stock	Materials	Chemicals	Element Solutions	44973	$25.17	2.53%	$1,131,970.41
14	SEIC	Common Stock	Financials	Capital Markets	SEI Investments	12937	$84.85	2.46%	$1,097,704.45
15	KBR	Common Stock	Industrials	Professional Services	KBR	22729	$47.29	2.41%	$1,074,854.41
16	KWR	Common Stock	Materials	Chemicals	Quaker Houghton	7974	$131.75	2.35%	$1,050,574.50
17	SLGN	Common Stock	Materials	Containers & Packaging	Silgan Holdings	24163	$43.01	2.33%	$1,039,250.63
18	RNR	Common Stock	Financials	Insurance	RenaissanceRe Holdings	4041	$253.93	2.30%	$1,026,131.13
19	BBWI	Common Stock	Consumer Discretionary	Specialty Retail	Bath & Body Works	39614	$25.76	2.28%	$1,020,456.64
20	TOWN	Common Stock	Financials	Banks	TowneBank	28962	$34.57	2.24%	$1,001,216.34
21	UFPI	Common Stock	Industrials	Building Products	UFP Industries	10479	$93.49	2.19%	$979,681.71
22	GBCI	Common Stock	Financials	Banks	Glacier Bancorp	19807	$48.67	2.16%	$964,006.69
23	GABC	Common Stock	Financials	Banks	German American Bancorp	24099	$39.27	2.12%	$946,367.73
24	HOMB	Common Stock	Financials	Banks	Home BancShares	32884	$28.30	2.08%	$930,617.20
25	BOKF	Common Stock	Financials	Banks	BOK Financial	8275	$111.44	2.06%	$922,166.00
26	COHR	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Coherent Corp.	8531	$107.72	2.06%	$918,959.32
27	PSI CN	Common Stock	Energy	Energy Equipment & Services	Pason Systems	104304	$8.68	2.03%	$905,362.02
28	BALL	Common Stock	Materials	Containers & Packaging	Ball Corporation	17699	$50.42	2.00%	$892,383.58
29	ENSG	Common Stock	Health Care	Health Care Providers & Services	Ensign Group (The)	4857	$172.77	1.88%	$839,143.89
30	MBIN	Common Stock	Financials	Financial Services	Merchants Bancorp	25619	$31.80	1.82%	$814,684.20
31	GPK	Common Stock	Materials	Containers & Packaging	Graphic Packaging Holding Company	40097	$19.57	1.76%	$784,698.29
32	MRX	Common Stock	Financials	Capital Markets	Marex Group	22332	$33.62	1.68%	$750,801.84
33	TNET	Common Stock	Industrials	Professional Services	TriNet Group	11154	$66.89	1.67%	$746,091.06
34	KIMBERA MM	Common Stock	Consumer Staples	Household Products	Kimberly-Clark de Mexico	333565	$2.11	1.57%	$702,337.97
35	AXS	Common Stock	Financials	Insurance	Axis Capital Holdings	7156	$95.80	1.53%	$685,544.80
36	SPX LN	Common Stock	Industrials	Machinery	Spirax Group	7208	$91.65	1.48%	$660,648.51
37	SBCF	Common Stock	Financials	Banks	Seacoast Banking Corporation of Florida	21604	$30.43	1.47%	$657,409.72
38	AVTR	Common Stock	Health Care	Life Sciences Tools & Services	Avantor	51711	$12.48	1.44%	$645,353.28
39	AIT	Common Stock	Industrials	Trading Companies & Distributors	Applied Industrial Technologies	2395	$261.05	1.40%	$625,214.75
40	IBP	Common Stock	Consumer Discretionary	Household Durables	Installed Building Products	2114	$246.66	1.17%	$521,439.24
41	GCMG	Common Stock	Financials	Capital Markets	GCM Grosvenor Cl. A	28732	$12.07	0.78%	$346,795.24
42	LECO	Common Stock	Industrials	Machinery	Lincoln Electric Holdings	1340	$235.83	0.71%	$316,012.20
43	WHD	Common Stock	Energy	Energy Equipment & Services	Cactus Cl. A	7834	$39.47	0.69%	$309,207.98
44	SSD	Common Stock	Industrials	Building Products	Simpson Manufacturing	1081	$167.46	0.41%	$181,024.26
45	WAL	Common Stock	Financials	Banks	Western Alliance Bancorp	1520	$86.72	0.30%	$131,814.40
46	WOR	Common Stock	Consumer Discretionary	Household Durables	Worthington Enterprises	1687	$55.49	0.21%	$93,611.63
47	KFY	Common Stock	Industrials	Professional Services	Korn Ferry	474	$69.98	0.07%	$33,170.52

Important Disclosure Information

Royce SMid-Cap Total Return Fund

Holdings as of: 09/30/25

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