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 Small-Cap Total Return Fund

Holdings as of: 03/31/26

Download Holdings

#	Ticker	Asset Type	Sector	Industry	Name	Shares/ Principal	Price	% of Assets	Market Value
1		Repurchase Agreement			Fixed Income Clearing Corporation	37149497	$100.00	4.39%	$37,149,497.07
2	IGIC	Common Stock	Financials	Insurance	International General Insurance Holdings	1130355	$24.23	3.23%	$27,382,849.88
3	ASO	Common Stock	Consumer Discretionary	Specialty Retail	Academy Sports & Outdoors	467716	$56.45	3.12%	$26,402,568.20
4	AGO	Common Stock	Financials	Insurance	Assured Guaranty	322034	$81.48	3.10%	$26,239,330.32
5	MSM	Common Stock	Industrials	Trading Companies & Distributors	MSC Industrial Direct Cl. A	260808	$92.27	2.84%	$24,064,754.16
6	AAP	Common Stock	Consumer Discretionary	Specialty Retail	Advance Auto Parts	437576	$52.75	2.73%	$23,082,134.00
7	NGVT	Common Stock	Materials	Chemicals	Ingevity Corporation	312518	$71.23	2.63%	$22,260,657.14
8	JJSF	Common Stock	Consumer Staples	Food Products	J&J Snack Foods	277119	$79.27	2.59%	$21,967,223.13
9	BBSI	Common Stock	Industrials	Professional Services	Barrett Business Services	736589	$29.18	2.54%	$21,493,667.02
10	KLIC	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Kulicke & Soffa Industries	308716	$65.72	2.40%	$20,288,815.52
11	HCKT	Common Stock	Information Technology	IT Services	Hackett Group (The)	1552106	$13.01	2.38%	$20,192,899.06
12	UFPI	Common Stock	Industrials	Building Products	UFP Industries	215668	$92.12	2.35%	$19,867,336.16
13	HOMB	Common Stock	Financials	Banks	Home BancShares	704001	$26.93	2.24%	$18,958,746.93
14	BRSL	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Brightstar Lottery	1454408	$12.74	2.19%	$18,529,157.92
15	SLGN	Common Stock	Materials	Containers & Packaging	Silgan Holdings	473460	$38.80	2.17%	$18,370,248.00
16	ANDG	Common Stock	Industrials	Commercial Services & Supplies	Andersen Group Cl. A	669657	$27.20	2.15%	$18,214,670.40
17	VNT	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Vontier Corporation	509388	$35.47	2.13%	$18,067,992.36
18	HCSG	Common Stock	Industrials	Commercial Services & Supplies	Healthcare Services Group	954124	$18.55	2.09%	$17,699,000.20
19	TKR	Common Stock	Industrials	Machinery	Timken Company (The)	164907	$100.57	1.96%	$16,584,696.99
20	PACS	Common Stock	Health Care	Health Care Providers & Services	PACS Group	504885	$32.12	1.91%	$16,216,906.20
21	KBR	Common Stock	Industrials	Professional Services	KBR	425040	$36.86	1.85%	$15,666,974.40
22	OBK	Common Stock	Financials	Banks	Origin Bancorp	369432	$41.46	1.81%	$15,316,650.72
23	MRX	Common Stock	Financials	Capital Markets	Marex Group	343257	$44.58	1.81%	$15,302,397.06
24	GABC	Common Stock	Financials	Banks	German American Bancorp	359590	$41.79	1.77%	$15,027,266.10
25	TOWN	Common Stock	Financials	Banks	TowneBank	438114	$33.67	1.74%	$14,751,298.38
26	PSI CN	Common Stock	Energy	Energy Equipment & Services	Pason Systems	1536628	$9.52	1.73%	$14,625,084.26
27	MBIN	Common Stock	Financials	Financial Services	Merchants Bancorp	340062	$42.91	1.72%	$14,592,060.42
28	YETI	Common Stock	Consumer Discretionary	Leisure Products	YETI Holdings	392364	$36.59	1.70%	$14,356,598.76
29	GBCI	Common Stock	Financials	Banks	Glacier Bancorp	319945	$44.67	1.69%	$14,291,943.15
30	FIHL	Common Stock	Financials	Insurance	Fidelis Insurance Holdings	730074	$19.11	1.65%	$13,951,714.14
31	NOMD	Common Stock	Consumer Staples	Food Products	Nomad Foods	1446901	$9.61	1.64%	$13,904,718.61
32	AMSF	Common Stock	Financials	Insurance	AMERISAFE	405545	$33.33	1.60%	$13,516,814.85
33	ESI	Common Stock	Materials	Chemicals	Element Solutions	379067	$34.14	1.53%	$12,941,347.38
34	WD	Common Stock	Financials	Financial Services	Walker & Dunlop	282819	$44.38	1.48%	$12,551,507.22
35	HIFS	Common Stock	Financials	Banks	Hingham Institution for Savings	43697	$285.84	1.47%	$12,490,350.48
36	NSP	Common Stock	Industrials	Professional Services	Insperity	451384	$27.04	1.44%	$12,205,423.36
37	CBZ	Common Stock	Industrials	Professional Services	CBIZ	444013	$26.85	1.41%	$11,921,749.05
38	KIMBERA MM	Common Stock	Consumer Staples	Household Products	Kimberly-Clark de Mexico	4844520	$2.37	1.35%	$11,471,373.59
39	TDS	Common Stock	Communication Services	Wireless Telecommunication Services	Telephone and Data Systems	268949	$42.10	1.34%	$11,322,752.90
40	LOB	Common Stock	Financials	Banks	Live Oak Bancshares	329217	$33.07	1.29%	$10,887,206.19
41	FFIN	Common Stock	Financials	Banks	First Financial Bankshares	342945	$29.45	1.19%	$10,099,730.25
42	DFIN	Common Stock	Financials	Capital Markets	Donnelley Financial Solutions	206958	$47.14	1.15%	$9,756,000.12
43	WHD	Common Stock	Energy	Energy Equipment & Services	Cactus Cl. A	205840	$47.37	1.15%	$9,750,640.80
44	BKU	Common Stock	Financials	Banks	BankUnited	214426	$45.16	1.14%	$9,683,478.16
45	FC	Common Stock	Industrials	Professional Services	Franklin Covey	613099	$15.79	1.14%	$9,680,833.21
46	IPAR	Common Stock	Consumer Staples	Personal Care Products	Interparfums	98706	$90.84	1.06%	$8,966,453.04
47	BBWI	Common Stock	Consumer Discretionary	Specialty Retail	Bath & Body Works	465482	$18.67	1.03%	$8,690,548.94
48	KWR	Common Stock	Materials	Chemicals	Quaker Houghton	67170	$124.23	0.99%	$8,344,529.10
49	PLOW	Common Stock	Industrials	Machinery	Douglas Dynamics	192764	$42.09	0.96%	$8,113,436.76
50	SBCF	Common Stock	Financials	Banks	Seacoast Banking Corporation of Florida	257550	$30.29	0.92%	$7,801,189.50
51	MD	Common Stock	Health Care	Health Care Providers & Services	Pediatrix Medical Group	342909	$21.39	0.87%	$7,334,823.51
52	RNR	Common Stock	Financials	Insurance	RenaissanceRe Holdings	22307	$297.23	0.78%	$6,630,309.61
53	FTAI	Common Stock	Industrials	Trading Companies & Distributors	FTAI Aviation	24996	$245.00	0.72%	$6,124,020.00
54	IDT	Common Stock	Communication Services	Diversified Telecommunication Services	IDT Corporation Cl. B	113583	$49.10	0.66%	$5,576,925.30
55	AVTR	Common Stock	Health Care	Life Sciences Tools & Services	Avantor	662112	$7.84	0.61%	$5,190,958.08
56	CENTA	Common Stock	Consumer Staples	Household Products	Central Garden & Pet Cl. A	152685	$32.42	0.58%	$4,950,047.70
57	CRD/A	Common Stock	Financials	Insurance	Crawford & Company Cl. A	450379	$9.97	0.53%	$4,490,278.63
58	ESQ	Common Stock	Financials	Banks	Esquire Financial Holdings	35197	$107.50	0.45%	$3,783,677.50
59	CLB	Common Stock	Energy	Energy Equipment & Services	Core Laboratories	172173	$16.79	0.34%	$2,890,784.67
60	KD	Common Stock	Information Technology	IT Services	Kyndryl Holdings	121189	$13.12	0.19%	$1,589,999.68
61	TASE IT	Common Stock	Financials	Capital Markets	Tel Aviv Stock Exchange	24348	$44.28	0.13%	$1,078,094.45
62	MCB	Common Stock	Financials	Banks	Metropolitan Bank Holding Corp.	4953	$83.29	0.05%	$412,535.37
63	ONEW	Common Stock	Consumer Discretionary	Specialty Retail	OneWater Marine Cl. A	33412	$9.45	0.04%	$315,743.40

Important Disclosure Information

Royce Small-Cap Total Return Fund

Holdings as of: 03/31/26

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