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 Value Fund

Holdings as of: 03/31/25

Download Holdings

#	Ticker	Asset Type	Sector	Industry	Name	Shares/ Principal	Price	% of Assets	Market Value
1	VLGEA	Common Stock	Consumer Staples	Consumer Staples Distribution & Retail	Village Super Market Cl. A	50164	$38.01	2.03%	$1,906,733.64
2	MOH	Common Stock	Health Care	Health Care Providers & Services	Molina Healthcare	5705	$329.39	2.01%	$1,879,169.95
3	DBD	Common Stock	Information Technology	Technology Hardware, Storage & Peripherals	Diebold Nixdorf	42555	$43.72	1.99%	$1,860,504.60
4	TIPT	Common Stock	Financials	Insurance	Tiptree	76918	$24.09	1.98%	$1,852,954.62
5	ALSN	Common Stock	Industrials	Machinery	Allison Transmission Holdings	19045	$95.67	1.94%	$1,822,035.15
6	TGNA	Common Stock	Communication Services	Media	TEGNA	99026	$18.22	1.93%	$1,804,253.72
7	SANM	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Sanmina Corporation	23481	$76.18	1.91%	$1,788,782.58
8	IBEX	Common Stock	Industrials	Professional Services	IBEX	73077	$24.35	1.90%	$1,779,424.95
9	LEA	Common Stock	Consumer Discretionary	Automobile Components	Lear Corporation	19257	$88.22	1.81%	$1,698,852.54
10	FLEX	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Flex	48669	$33.08	1.72%	$1,609,970.52
11	PHM	Common Stock	Consumer Discretionary	Household Durables	PulteGroup	15519	$102.80	1.70%	$1,595,353.20
12	TPH	Common Stock	Consumer Discretionary	Household Durables	Tri Pointe Homes	49964	$31.92	1.70%	$1,594,850.88
13	CPRX	Common Stock	Health Care	Biotechnology	Catalyst Pharmaceuticals	65571	$24.25	1.70%	$1,590,096.75
14	MHO	Common Stock	Consumer Discretionary	Household Durables	M/I Homes	13916	$114.18	1.70%	$1,588,928.88
15	MTH	Common Stock	Consumer Discretionary	Household Durables	Meritage Homes	22010	$70.88	1.66%	$1,560,068.80
16	VC	Common Stock	Consumer Discretionary	Automobile Components	Visteon Corporation	20032	$77.62	1.66%	$1,554,883.84
17	BKE	Common Stock	Consumer Discretionary	Specialty Retail	Buckle (The)	39957	$38.32	1.63%	$1,531,152.24
18	UNTY	Common Stock	Financials	Banks	Unity Bancorp	36634	$40.70	1.59%	$1,491,003.80
19	SM	Common Stock	Energy	Oil, Gas & Consumable Fuels	SM Energy	49295	$29.95	1.58%	$1,476,385.25
20	TSBK	Common Stock	Financials	Banks	Timberland Bancorp	48922	$30.15	1.57%	$1,474,998.30
21	CIVI	Common Stock	Energy	Oil, Gas & Consumable Fuels	Civitas Resources	41839	$34.89	1.56%	$1,459,762.71
22	JBL	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Jabil	10642	$136.07	1.55%	$1,448,056.94
23	MTDR	Common Stock	Energy	Oil, Gas & Consumable Fuels	Matador Resources	27832	$51.09	1.52%	$1,421,936.88
24	SNX	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	TD SYNNEX	13672	$103.96	1.52%	$1,421,341.12
25	TNK	Common Stock	Energy	Oil, Gas & Consumable Fuels	Teekay Tankers Cl. A	36596	$38.27	1.49%	$1,400,528.92
26	BHRB	Common Stock	Financials	Banks	Burke & Herbert Financial Services	24666	$56.11	1.48%	$1,384,009.26
27	HFWA	Common Stock	Financials	Banks	Heritage Financial	55665	$24.33	1.45%	$1,354,329.45
28	BBSI	Common Stock	Industrials	Professional Services	Barrett Business Services	32117	$41.15	1.41%	$1,321,614.55
29	GNK	Common Stock	Industrials	Marine Transportation	Genco Shipping & Trading	94719	$13.36	1.35%	$1,265,445.84
30	UVSP	Common Stock	Financials	Banks	Univest Financial	43830	$28.36	1.33%	$1,243,018.80
31	COLL	Common Stock	Health Care	Pharmaceuticals	Collegium Pharmaceutical	41303	$29.85	1.32%	$1,232,894.55
32	CAL	Common Stock	Consumer Discretionary	Specialty Retail	Caleres	70772	$17.23	1.30%	$1,219,401.56
33	MBC	Common Stock	Industrials	Building Products	MasterBrand	92647	$13.06	1.29%	$1,209,969.82
34	IMXI	Common Stock	Financials	Financial Services	International Money Express	95621	$12.62	1.29%	$1,206,737.02
35	EVR	Common Stock	Financials	Capital Markets	Evercore Cl. A	6018	$199.72	1.28%	$1,201,914.96
36	JILL	Common Stock	Consumer Discretionary	Specialty Retail	J.Jill	61170	$19.53	1.27%	$1,194,650.10
37	KFY	Common Stock	Industrials	Professional Services	Korn Ferry	17460	$67.83	1.26%	$1,184,311.80
38	SIG	Common Stock	Consumer Discretionary	Specialty Retail	Signet Jewelers	20374	$58.06	1.26%	$1,182,914.44
39	ACT	Common Stock	Financials	Financial Services	Enact Holdings	33905	$34.75	1.26%	$1,178,198.75
40	NEU	Common Stock	Materials	Chemicals	NewMarket Corporation	2064	$566.45	1.25%	$1,169,152.80
41	CCNE	Common Stock	Financials	Banks	CNB Financial	52525	$22.25	1.25%	$1,168,681.25
42	CHRD	Common Stock	Energy	Oil, Gas & Consumable Fuels	Chord Energy	10353	$112.72	1.25%	$1,166,990.16
43	AMKR	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Amkor Technology	64457	$18.06	1.24%	$1,164,093.42
44	FRBA	Common Stock	Financials	Banks	First Bank	78446	$14.81	1.24%	$1,161,785.26
45	MPB	Common Stock	Financials	Banks	Mid Penn Bancorp	44017	$25.91	1.22%	$1,140,480.47
46	SCVL	Common Stock	Consumer Discretionary	Specialty Retail	Shoe Carnival	51494	$21.99	1.21%	$1,132,353.06
47	ARCB	Common Stock	Industrials	Ground Transportation	ArcBest Corporation	15875	$70.58	1.20%	$1,120,457.50
48	DCOM	Common Stock	Financials	Banks	Dime Community Bancshares	40001	$27.88	1.19%	$1,115,227.88
49	ASO	Common Stock	Consumer Discretionary	Specialty Retail	Academy Sports & Outdoors	24351	$45.61	1.19%	$1,110,649.11
50	PLUS	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	ePlus	17922	$61.03	1.17%	$1,093,779.66
51	REPX	Common Stock	Energy	Oil, Gas & Consumable Fuels	Riley Exploration Permian	37338	$29.17	1.16%	$1,089,149.46
52		Repurchase Agreement			Fixed Income Clearing Corporation	1020071	$100.00	1.09%	$1,020,071.13
53	STRL	Common Stock	Industrials	Construction & Engineering	Sterling Infrastructure	8985	$113.21	1.09%	$1,017,191.85
54	ETD	Common Stock	Consumer Discretionary	Household Durables	Ethan Allen Interiors	36315	$27.70	1.07%	$1,005,925.50
55	BELFB	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Bel Fuse Cl. B	13348	$74.86	1.07%	$999,231.28
56	FTDR	Common Stock	Consumer Discretionary	Diversified Consumer Services	frontdoor	25284	$38.42	1.04%	$971,411.28
57	PANL	Common Stock	Industrials	Marine Transportation	Pangaea Logistics Solutions	200944	$4.76	1.02%	$956,493.44
58	AMPH	Common Stock	Health Care	Pharmaceuticals	Amphastar Pharmaceuticals	32888	$28.99	1.02%	$953,423.12
59	KTB	Common Stock	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Kontoor Brands	14432	$64.13	0.99%	$925,524.16
60	WSBC	Common Stock	Financials	Banks	WesBanco	29123	$30.96	0.96%	$901,648.08
61	CRGY	Common Stock	Energy	Oil, Gas & Consumable Fuels	Crescent Energy Cl. A	79279	$11.24	0.95%	$891,095.96
62	MLR	Common Stock	Industrials	Machinery	Miller Industries	20784	$42.37	0.94%	$880,618.08
63	OCFC	Common Stock	Financials	Banks	OceanFirst Financial	50617	$17.01	0.92%	$860,995.17
64	TRST	Common Stock	Financials	Banks	TrustCo Bank Corp NY	26799	$30.48	0.87%	$816,833.52
65	CNXN	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	PC Connection	12660	$62.42	0.84%	$790,237.20
66	WSM	Common Stock	Consumer Discretionary	Specialty Retail	Williams-Sonoma	4892	$158.10	0.83%	$773,425.20
67	WNEB	Common Stock	Financials	Banks	Western New England Bancorp	82704	$9.30	0.82%	$769,147.20
68	TILE	Common Stock	Industrials	Commercial Services & Supplies	Interface	37772	$19.84	0.80%	$749,396.48
69	SLVM	Common Stock	Materials	Paper & Forest Products	Sylvamo Corporation	11010	$67.07	0.79%	$738,440.70
70	WS	Common Stock	Materials	Metals & Mining	Worthington Steel	28340	$25.33	0.77%	$717,852.20
71	DMLP	Common Stock	Energy	Oil, Gas & Consumable Fuels	Dorchester Minerals L.P.	23755	$30.08	0.76%	$714,550.40
72	UFPI	Common Stock	Industrials	Building Products	UFP Industries	6631	$107.04	0.76%	$709,782.24
73	SIGA	Common Stock	Health Care	Pharmaceuticals	SIGA Technologies	114042	$5.48	0.67%	$624,950.16
74	CZWI	Common Stock	Financials	Banks	Citizens Community Bancorp	38678	$14.38	0.59%	$556,189.64
75	BPRN	Common Stock	Financials	Banks	Princeton Bancorp	17578	$30.55	0.57%	$537,007.90
76	BLMN	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Bloomin' Brands	68418	$7.17	0.52%	$490,557.06
77	HUBG	Common Stock	Industrials	Air Freight & Logistics	Hub Group Cl. A	12305	$37.17	0.49%	$457,376.85
78	OXM	Common Stock	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Oxford Industries	7690	$58.67	0.48%	$451,172.30
79	ADEA	Common Stock	Information Technology	Software	Adeia	33876	$13.22	0.48%	$447,840.72
80	SNDR	Common Stock	Industrials	Ground Transportation	Schneider National Cl. B	10752	$22.85	0.26%	$245,683.20
81	FSBW	Common Stock	Financials	Banks	FS Bancorp	5315	$38.01	0.22%	$202,023.15

Important Disclosure Information

Royce Small-Cap Value Fund

Holdings as of: 03/31/25

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