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 Smaller-Companies Growth Fund

Holdings as of: 03/31/25

Download Holdings

#	Ticker	Asset Type	Sector	Industry	Name	Shares/ Principal	Price	% of Assets	Market Value
1		Repurchase Agreement			Fixed Income Clearing Corporation	6834762	$100.00	4.04%	$6,834,761.92
2	CORT	Common Stock	Health Care	Pharmaceuticals	Corcept Therapeutics	47000	$114.22	3.17%	$5,368,340.00
3	GRDN	Common Stock	Consumer Staples	Consumer Staples Distribution & Retail	Guardian Pharmacy Services Cl. A	235000	$21.26	2.95%	$4,996,100.00
4	LTH	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Life Time Group Holdings	152000	$30.20	2.71%	$4,590,400.00
5	ACVA	Common Stock	Industrials	Commercial Services & Supplies	ACV Auctions Cl. A	315000	$14.09	2.62%	$4,438,350.00
6	CTLP	Common Stock	Financials	Financial Services	Cantaloupe	491000	$7.87	2.28%	$3,864,170.00
7	ABL	Common Stock	Financials	Insurance	Abacus Global Management	497000	$7.49	2.20%	$3,722,530.00
8	SPRY	Common Stock	Health Care	Biotechnology	ARS Pharmaceuticals	276000	$12.58	2.05%	$3,472,080.00
9	MIR	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Mirion Technologies Cl. A	238000	$14.50	2.04%	$3,451,000.00
10	VSEC	Common Stock	Industrials	Commercial Services & Supplies	VSE Corporation	28000	$119.99	1.99%	$3,359,720.00
11	PAR	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	PAR Technology	53000	$61.34	1.92%	$3,251,020.00
12	LMB	Common Stock	Industrials	Construction & Engineering	Limbach Holdings	43000	$74.47	1.89%	$3,202,210.00
13	OSW	Common Stock	Consumer Discretionary	Diversified Consumer Services	OneSpaWorld Holdings	190000	$16.79	1.89%	$3,190,100.00
14	FROG	Common Stock	Information Technology	Software	JFrog	97318	$32.00	1.84%	$3,114,176.00
15	BFAM	Common Stock	Consumer Discretionary	Diversified Consumer Services	Bright Horizons Family Solutions	24506	$127.04	1.84%	$3,113,242.24
16	DSGX	Common Stock	Information Technology	Software	Descartes Systems Group (The)	29033	$100.83	1.73%	$2,927,397.39
17	SBCF	Common Stock	Financials	Banks	Seacoast Banking Corporation of Florida	113000	$25.73	1.72%	$2,907,490.00
18	SLAB	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Silicon Laboratories	25500	$112.57	1.70%	$2,870,535.00
19	AXSM	Common Stock	Health Care	Pharmaceuticals	Axsome Therapeutics	24000	$116.63	1.65%	$2,799,120.00
20	CWAN	Common Stock	Information Technology	Software	Clearwater Analytics Holdings Cl. A	104000	$26.80	1.65%	$2,787,200.00
21	BLND	Common Stock	Information Technology	Software	Blend Labs Cl. A	829000	$3.35	1.64%	$2,777,150.00
22	FTAI	Common Stock	Industrials	Trading Companies & Distributors	FTAI Aviation	25000	$111.03	1.64%	$2,775,750.00
23	PI	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Impinj	30500	$90.70	1.64%	$2,766,350.00
24	GLNG	Common Stock	Energy	Oil, Gas & Consumable Fuels	Golar LNG	72000	$37.99	1.62%	$2,735,280.00
25	CDNA	Common Stock	Health Care	Biotechnology	CareDx	154000	$17.75	1.62%	$2,733,500.00
26	CCB	Common Stock	Financials	Banks	Coastal Financial	30000	$90.41	1.60%	$2,712,300.00
27	TXRH	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Texas Roadhouse	16000	$166.63	1.58%	$2,666,080.00
28	DSGR	Common Stock	Industrials	Trading Companies & Distributors	Distribution Solutions Group	93611	$28.00	1.55%	$2,621,108.00
29	BWXT	Common Stock	Industrials	Aerospace & Defense	BWX Technologies	26500	$98.65	1.55%	$2,614,225.00
30	PCTY	Common Stock	Industrials	Professional Services	Paylocity Holding	13786	$187.34	1.53%	$2,582,669.24
31	VERX	Common Stock	Information Technology	Software	Vertex Cl. A	73250	$35.01	1.52%	$2,564,482.50
32	CYBR	Common Stock	Information Technology	Software	CyberArk Software	7500	$338.00	1.50%	$2,535,000.00
33	ATS CN	Common Stock	Industrials	Machinery	ATS Corporation	99000	$24.93	1.46%	$2,467,690.49
34	AGYS	Common Stock	Information Technology	Software	Agilysys	34000	$72.54	1.46%	$2,466,360.00
35	SMTC	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Semtech Corporation	69000	$34.40	1.40%	$2,373,600.00
36	ATEC	Common Stock	Health Care	Health Care Equipment & Supplies	Alphatec Holdings	228000	$10.14	1.37%	$2,311,920.00
37	FRPT	Common Stock	Consumer Staples	Food Products	Freshpet	26000	$83.17	1.28%	$2,162,420.00
38	NVMI	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Nova	11500	$184.33	1.25%	$2,119,795.00
39	PRTC LN	Common Stock	Health Care	Biotechnology	PureTech Health	1106000	$1.86	1.22%	$2,056,748.77
40	PVLA	Common Stock	Health Care	Biotechnology	Palvella Therapeutics	71493	$27.99	1.18%	$2,001,089.07
41	AVAV	Common Stock	Industrials	Aerospace & Defense	AeroVironment	16000	$119.19	1.13%	$1,907,040.00
42	AUB	Common Stock	Financials	Banks	Atlantic Union Bankshares	58000	$31.14	1.07%	$1,806,120.00
43	ITGR	Common Stock	Health Care	Health Care Equipment & Supplies	Integer Holdings	15000	$118.01	1.05%	$1,770,150.00
44	TWFG	Common Stock	Financials	Insurance	TWFG Cl. A	57000	$30.91	1.04%	$1,761,870.00
45	CVO CN	Common Stock	Information Technology	Software	Coveo Solutions	456000	$3.75	1.01%	$1,711,128.87
46	NN	Common Stock	Information Technology	Software	NextNav	139894	$12.17	1.01%	$1,702,509.98
47	DKNG	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	DraftKings Cl. A	51000	$33.21	1.00%	$1,693,710.00
48	CPRX	Common Stock	Health Care	Biotechnology	Catalyst Pharmaceuticals	69000	$24.25	0.99%	$1,673,250.00
49	BLFS	Common Stock	Health Care	Life Sciences Tools & Services	BioLife Solutions	71000	$22.84	0.96%	$1,621,640.00
50	GBCI	Common Stock	Financials	Banks	Glacier Bancorp	35000	$44.22	0.91%	$1,547,700.00
51	SIBN	Common Stock	Health Care	Health Care Equipment & Supplies	SI-BONE	110000	$14.03	0.91%	$1,543,300.00
52	KRUS	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Kura Sushi USA Cl. A	29500	$51.20	0.89%	$1,510,400.00
53	ADTN	Common Stock	Information Technology	Communications Equipment	ADTRAN Holdings	170000	$8.72	0.88%	$1,482,400.00
54	MGTX	Common Stock	Health Care	Biotechnology	MeiraGTx Holdings	216989	$6.78	0.87%	$1,471,185.42
55	ETNB	Common Stock	Health Care	Biotechnology	89bio	192000	$7.27	0.83%	$1,395,840.00
56	ALVO	Common Stock	Health Care	Biotechnology	Alvotech	144000	$9.67	0.82%	$1,392,480.00
57	BLDE	Common Stock	Industrials	Passenger Airlines	Blade Air Mobility	492000	$2.73	0.79%	$1,343,160.00
58	ZETA	Common Stock	Information Technology	Software	Zeta Global Holdings Cl. A	97000	$13.56	0.78%	$1,315,320.00
59	OXB LN	Common Stock	Health Care	Biotechnology	Oxford Biomedica	310000	$3.89	0.71%	$1,204,842.77
60	IBP	Common Stock	Consumer Discretionary	Household Durables	Installed Building Products	7000	$171.46	0.71%	$1,200,220.00
61	SII CN	Common Stock	Financials	Capital Markets	Sprott	26000	$44.80	0.69%	$1,164,810.12
62	FTK	Common Stock	Materials	Chemicals	Flotek Industries	125000	$8.33	0.62%	$1,041,250.00
63	AZTA	Common Stock	Health Care	Life Sciences Tools & Services	Azenta	29000	$34.64	0.59%	$1,004,560.00
64	UEC	Common Stock	Energy	Oil, Gas & Consumable Fuels	Uranium Energy	210000	$4.78	0.59%	$1,003,800.00
65	OII	Common Stock	Energy	Energy Equipment & Services	Oceaneering International	43000	$21.81	0.55%	$937,830.00
66	AGX	Common Stock	Industrials	Construction & Engineering	Argan	7000	$131.17	0.54%	$918,190.00
67	NB2 GR	Common Stock	Information Technology	Software	Northern Data	35000	$25.88	0.54%	$905,776.18
68	BTSG	Common Stock	Health Care	Health Care Providers & Services	BrightSpring Health Services	48000	$18.09	0.51%	$868,320.00
69	PDFS	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	PDF Solutions	43000	$19.11	0.49%	$821,730.00
70	LASR	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	nLIGHT	105000	$7.77	0.48%	$815,850.00
71	TALK	Common Stock	Health Care	Health Care Providers & Services	Talkspace	307462	$2.56	0.47%	$787,102.72
72	HROW	Common Stock	Health Care	Pharmaceuticals	Harrow	21700	$26.60	0.34%	$577,220.00
73	TMDX	Common Stock	Health Care	Health Care Equipment & Supplies	TransMedics Group	6000	$67.28	0.24%	$403,680.00
74	NGS	Common Stock	Energy	Energy Equipment & Services	Natural Gas Services Group	18000	$21.97	0.23%	$395,460.00
75	LEU	Common Stock	Energy	Oil, Gas & Consumable Fuels	Centrus Energy Cl. A	6000	$62.21	0.22%	$373,260.00

Important Disclosure Information

Royce Smaller-Companies Growth Fund

Holdings as of: 03/31/25

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