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 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	77033438	$100.00	5.72%	$77,033,438.11
2	ACA	Common Stock	Industrials	Construction & Engineering	Arcosa	385994	$93.71	2.69%	$36,171,497.74
3	ESI	Common Stock	Materials	Chemicals	Element Solutions	1100159	$25.17	2.06%	$27,691,002.03
4	AGO	Common Stock	Financials	Insurance	Assured Guaranty	302932	$84.65	1.90%	$25,643,193.80
5	ELF CN	Common Stock	Financials	Insurance	E-L Financial	2159914	$11.63	1.87%	$25,111,308.85
6	CRUS	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Cirrus Logic	198201	$125.29	1.84%	$24,832,603.29
7	SEIC	Common Stock	Financials	Capital Markets	SEI Investments	274408	$84.85	1.73%	$23,283,518.80
8	DORM	Common Stock	Consumer Discretionary	Automobile Components	Dorman Products	124212	$155.88	1.44%	$19,362,166.56
9	VNT	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Vontier Corporation	458346	$41.97	1.43%	$19,236,781.62
10	ESAB	Common Stock	Industrials	Machinery	ESAB Corporation	168556	$111.74	1.40%	$18,834,447.44
11	NPO	Common Stock	Industrials	Machinery	Enpro	75476	$226.00	1.27%	$17,057,576.00
12	X CN	Common Stock	Financials	Capital Markets	TMX Group	444202	$38.26	1.26%	$16,993,112.37
13	JBTM	Common Stock	Industrials	Machinery	JBT Marel	115205	$140.45	1.20%	$16,180,542.25
14	SII CN	Common Stock	Financials	Capital Markets	Sprott	194337	$83.11	1.20%	$16,152,159.80
15	IGIC	Common Stock	Financials	Insurance	International General Insurance Holdings	684880	$23.20	1.18%	$15,889,216.00
16	AGI CN	Common Stock	Materials	Metals & Mining	Alamos Gold Cl. A	454328	$34.86	1.18%	$15,836,352.14
17	PLPC	Common Stock	Industrials	Electrical Equipment	Preformed Line Products	80721	$196.15	1.18%	$15,833,424.15
18	KBR	Common Stock	Industrials	Professional Services	KBR	331189	$47.29	1.16%	$15,661,927.81
19	APAM	Common Stock	Financials	Capital Markets	Artisan Partners Asset Management Cl. A	355946	$43.40	1.15%	$15,448,056.40
20	MKSI	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	MKS	122240	$123.77	1.12%	$15,129,644.80
21	BPOP	Common Stock	Financials	Banks	Popular	117297	$127.01	1.11%	$14,897,891.97
22	RBC	Common Stock	Industrials	Machinery	RBC Bearings	37789	$390.29	1.10%	$14,748,668.81
23	ONEX CN	Common Stock	Financials	Capital Markets	Onex Corporation	164237	$88.73	1.08%	$14,573,275.22
24	VMI	Common Stock	Industrials	Construction & Engineering	Valmont Industries	36212	$387.73	1.04%	$14,040,478.76
25	SJ CN	Common Stock	Materials	Paper & Forest Products	Stella-Jones	244295	$57.06	1.04%	$13,939,402.13
26	ASO	Common Stock	Consumer Discretionary	Specialty Retail	Academy Sports & Outdoors	274281	$50.02	1.02%	$13,719,535.62
27	PAR	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	PAR Technology	343758	$39.58	1.01%	$13,605,941.64
28	HAE	Common Stock	Health Care	Health Care Equipment & Supplies	Haemonetics Corporation	277703	$48.74	1.01%	$13,535,244.22
29	ROAD	Common Stock	Industrials	Construction & Engineering	Construction Partners Cl. A	106429	$127.00	1.00%	$13,516,483.00
30	IMAX	Common Stock	Communication Services	Entertainment	IMAX Corporation	406039	$32.75	0.99%	$13,297,777.25
31	STRL	Common Stock	Industrials	Construction & Engineering	Sterling Infrastructure	38494	$339.68	0.97%	$13,075,641.92
32	NVMI	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Nova	40750	$319.66	0.97%	$13,026,145.00
33	LECO	Common Stock	Industrials	Machinery	Lincoln Electric Holdings	54999	$235.83	0.96%	$12,970,414.17
34	KWR	Common Stock	Materials	Chemicals	Quaker Houghton	96164	$131.75	0.94%	$12,669,607.00
35	CGNX	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Cognex Corporation	273320	$45.30	0.92%	$12,381,396.00
36	TMDX	Common Stock	Health Care	Health Care Equipment & Supplies	TransMedics Group	109460	$112.20	0.91%	$12,281,412.00
37	MHO	Common Stock	Consumer Discretionary	Household Durables	M/I Homes	83835	$144.44	0.90%	$12,109,127.40
38	ATMU	Common Stock	Industrials	Machinery	Atmus Filtration Technologies	267195	$45.09	0.89%	$12,047,822.55
39	KAI	Common Stock	Industrials	Machinery	Kadant	40279	$297.58	0.89%	$11,986,224.82
40	ONTO	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Onto Innovation	91220	$129.22	0.88%	$11,787,448.40
41	MOD	Common Stock	Consumer Discretionary	Automobile Components	Modine Manufacturing	82820	$142.16	0.87%	$11,773,691.20
42	ABG	Common Stock	Consumer Discretionary	Specialty Retail	Asbury Automotive Group	47178	$244.45	0.86%	$11,532,662.10
43	AIT	Common Stock	Industrials	Trading Companies & Distributors	Applied Industrial Technologies	43882	$261.05	0.85%	$11,455,396.10
44	PSI CN	Common Stock	Energy	Energy Equipment & Services	Pason Systems	1309266	$8.68	0.84%	$11,364,470.27
45	LFUS	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Littelfuse	42410	$259.01	0.82%	$10,984,614.10
46	EVI	Common Stock	Industrials	Trading Companies & Distributors	EVI Industries	346167	$31.61	0.81%	$10,942,338.87
47	NGVT	Common Stock	Materials	Chemicals	Ingevity Corporation	197525	$55.19	0.81%	$10,901,404.75
48	VC	Common Stock	Consumer Discretionary	Automobile Components	Visteon Corporation	89198	$119.86	0.79%	$10,691,272.28
49	MRX	Common Stock	Financials	Capital Markets	Marex Group	316812	$33.62	0.79%	$10,651,219.44
50	LCII	Common Stock	Consumer Discretionary	Automobile Components	LCI Industries	113937	$93.15	0.79%	$10,613,231.55
51	WRB	Common Stock	Financials	Insurance	Berkley (W.R.)	137856	$76.62	0.78%	$10,562,526.72
52	KFY	Common Stock	Industrials	Professional Services	Korn Ferry	150883	$69.98	0.78%	$10,558,792.34
53	CMG CN	Common Stock	Information Technology	Software	Computer Modelling Group	2339433	$4.51	0.78%	$10,539,803.77
54	CPRX	Common Stock	Health Care	Biotechnology	Catalyst Pharmaceuticals	531309	$19.70	0.78%	$10,466,787.30
55	ESE	Common Stock	Industrials	Machinery	ESCO Technologies	49232	$211.11	0.77%	$10,393,367.52
56	GCMG	Common Stock	Financials	Capital Markets	GCM Grosvenor Cl. A	854408	$12.07	0.77%	$10,312,704.56
57	AAP	Common Stock	Consumer Discretionary	Specialty Retail	Advance Auto Parts	167578	$61.40	0.76%	$10,289,289.20
58	AGYS	Common Stock	Information Technology	Software	Agilysys	94589	$105.25	0.74%	$9,955,492.25
59	BLDR	Common Stock	Industrials	Building Products	Builders FirstSource	82073	$121.25	0.74%	$9,951,351.25
60	IPAR	Common Stock	Consumer Staples	Personal Care Products	Interparfums	100986	$98.38	0.74%	$9,935,002.68
61	UFPI	Common Stock	Industrials	Building Products	UFP Industries	105487	$93.49	0.73%	$9,861,979.63
62	IESC	Common Stock	Industrials	Construction & Engineering	IES Holdings	24754	$397.65	0.73%	$9,843,428.10
63	KD	Common Stock	Information Technology	IT Services	Kyndryl Holdings	326991	$30.03	0.73%	$9,819,539.73
64	AL	Common Stock	Industrials	Trading Companies & Distributors	Air Lease Cl. A	152808	$63.65	0.72%	$9,726,229.20
65	MTX	Common Stock	Materials	Chemicals	Minerals Technologies	154907	$62.12	0.71%	$9,622,822.84
66	AAON	Common Stock	Industrials	Building Products	AAON	102671	$93.44	0.71%	$9,593,578.24
67	DGII	Common Stock	Information Technology	Communications Equipment	Digi International	258206	$36.46	0.70%	$9,414,190.76
68	KTOS	Common Stock	Industrials	Aerospace & Defense	Kratos Defense & Security Solutions	101308	$91.37	0.69%	$9,256,511.96
69	PI	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Impinj	49151	$180.75	0.66%	$8,884,043.25
70	SANM	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Sanmina Corporation	77173	$115.11	0.66%	$8,883,384.03
71	LNN	Common Stock	Industrials	Machinery	Lindsay Corporation	62639	$140.56	0.65%	$8,804,537.84
72	IOSP	Common Stock	Materials	Chemicals	Innospec	113530	$77.16	0.65%	$8,759,974.80
73	RGEN	Common Stock	Health Care	Life Sciences Tools & Services	Repligen Corporation	63968	$133.67	0.64%	$8,550,602.56
74	IBP	Common Stock	Consumer Discretionary	Household Durables	Installed Building Products	34531	$246.66	0.63%	$8,517,416.46
75	TRNS	Common Stock	Industrials	Trading Companies & Distributors	Transcat	114759	$73.20	0.62%	$8,400,358.80
76	HCKT	Common Stock	Information Technology	IT Services	Hackett Group (The)	432681	$19.01	0.61%	$8,225,265.81
77	NTB	Common Stock	Financials	Banks	Bank of N.T. Butterfield & Son	188155	$42.92	0.60%	$8,075,612.60
78	HCSG	Common Stock	Industrials	Commercial Services & Supplies	Healthcare Services Group	473834	$16.83	0.59%	$7,974,626.22
79	GHM	Common Stock	Industrials	Machinery	Graham Corporation	144791	$54.90	0.59%	$7,949,025.90
80	MORN	Common Stock	Financials	Capital Markets	Morningstar	33306	$232.01	0.57%	$7,727,325.06
81	SSD	Common Stock	Industrials	Building Products	Simpson Manufacturing	45863	$167.46	0.57%	$7,680,217.98
82	COHR	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Coherent Corp.	69138	$107.72	0.55%	$7,447,545.36
83	BRC	Common Stock	Industrials	Commercial Services & Supplies	Brady Corporation Cl. A	94726	$78.03	0.55%	$7,391,469.78
84	CXT	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Crane NXT	108840	$67.07	0.54%	$7,299,898.80
85	VVV	Common Stock	Consumer Discretionary	Specialty Retail	Valvoline	200330	$35.91	0.53%	$7,193,850.30
86	SITM	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	SiTime Corporation	23732	$301.31	0.53%	$7,150,688.92
87	EVR	Common Stock	Financials	Capital Markets	Evercore Cl. A	20965	$337.32	0.53%	$7,071,913.80
88	LASR	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	nLIGHT	238109	$29.63	0.52%	$7,055,169.67
89	OBK	Common Stock	Financials	Banks	Origin Bancorp	201631	$34.52	0.52%	$6,960,302.12
90	FORM	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	FormFactor	186075	$36.42	0.50%	$6,776,851.50
91	HUBG	Common Stock	Industrials	Air Freight & Logistics	Hub Group Cl. A	195522	$34.44	0.50%	$6,733,777.68
92	RLI	Common Stock	Financials	Insurance	RLI Corp.	102858	$65.22	0.50%	$6,708,398.76
93	FCFS	Common Stock	Financials	Consumer Finance	FirstCash Holdings	42171	$158.42	0.50%	$6,680,729.82
94	KLIC	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Kulicke & Soffa Industries	163478	$40.64	0.49%	$6,643,745.92
95	RNR	Common Stock	Financials	Insurance	RenaissanceRe Holdings	26074	$253.93	0.49%	$6,620,970.82
96	YETI	Common Stock	Consumer Discretionary	Leisure Products	YETI Holdings	196913	$33.18	0.49%	$6,533,573.34
97	KEX	Common Stock	Industrials	Marine Transportation	Kirby Corporation	77546	$83.45	0.48%	$6,471,213.70
98	BBWI	Common Stock	Consumer Discretionary	Specialty Retail	Bath & Body Works	237393	$25.76	0.45%	$6,115,243.68
99	AGX	Common Stock	Industrials	Construction & Engineering	Argan	22498	$270.05	0.45%	$6,075,584.90
100	INSM	Common Stock	Health Care	Biotechnology	Insmed	41448	$144.01	0.44%	$5,968,926.48
101	TECH	Common Stock	Health Care	Life Sciences Tools & Services	Bio-Techne	107101	$55.63	0.44%	$5,958,028.63
102	BKU	Common Stock	Financials	Banks	BankUnited	155583	$38.16	0.44%	$5,937,047.28
103	ADMA	Common Stock	Health Care	Biotechnology	ADMA Biologics	402119	$14.66	0.44%	$5,895,064.54
104	NSP	Common Stock	Industrials	Professional Services	Insperity	119818	$49.20	0.44%	$5,895,045.60
105	SIG	Common Stock	Consumer Discretionary	Specialty Retail	Signet Jewelers	60693	$95.92	0.43%	$5,821,672.56
106	IBEX	Common Stock	Industrials	Professional Services	IBEX	143289	$40.52	0.43%	$5,806,070.28
107	CRL	Common Stock	Health Care	Life Sciences Tools & Services	Charles River Laboratories International	36736	$156.46	0.43%	$5,747,714.56
108	WD	Common Stock	Financials	Financial Services	Walker & Dunlop	67983	$83.62	0.42%	$5,684,738.46
109	PACS	Common Stock	Health Care	Health Care Providers & Services	PACS Group	407144	$13.73	0.42%	$5,590,087.12
110	HOMB	Common Stock	Financials	Banks	Home BancShares	196672	$28.30	0.41%	$5,565,817.60
111	ENOV	Common Stock	Health Care	Health Care Equipment & Supplies	Enovis Corporation	181337	$30.34	0.41%	$5,501,764.58
112	CAMT	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Camtek	52355	$105.05	0.41%	$5,499,892.75
113	AMSC	Common Stock	Industrials	Electrical Equipment	American Superconductor	92177	$59.39	0.41%	$5,474,392.03
114	ELAN	Common Stock	Health Care	Pharmaceuticals	Elanco Animal Health	269838	$20.14	0.40%	$5,434,537.32
115	BBIO	Common Stock	Health Care	Biotechnology	BridgeBio Pharma	104260	$51.94	0.40%	$5,415,264.40
116	FIHL	Common Stock	Financials	Insurance	Fidelis Insurance Holdings	296708	$18.15	0.40%	$5,385,250.20
117	COHU	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Cohu	264647	$20.33	0.40%	$5,380,273.51
118	KW	Common Stock	Real Estate	Real Estate Management & Development	Kennedy-Wilson Holdings	634050	$8.32	0.39%	$5,275,296.00
119	MMI	Common Stock	Real Estate	Real Estate Management & Development	Marcus & Millichap	177716	$29.35	0.39%	$5,215,964.60
120	DBD	Common Stock	Information Technology	Technology Hardware, Storage & Peripherals	Diebold Nixdorf	90560	$57.03	0.38%	$5,164,636.80
121	LSTR	Common Stock	Industrials	Ground Transportation	Landstar System	42091	$122.56	0.38%	$5,158,672.96
122	LAZ	Common Stock	Financials	Capital Markets	Lazard	97083	$52.78	0.38%	$5,124,040.74
123	TILE	Common Stock	Industrials	Commercial Services & Supplies	Interface	176812	$28.94	0.38%	$5,116,939.28
124	NOMD	Common Stock	Consumer Staples	Food Products	Nomad Foods	383891	$13.15	0.37%	$5,048,166.65
125	CECO	Common Stock	Industrials	Commercial Services & Supplies	CECO Environmental	98391	$51.20	0.37%	$5,037,619.20
126	KRMN	Common Stock	Industrials	Aerospace & Defense	Karman Holdings	68736	$72.20	0.37%	$4,962,739.20
127	CIGI	Common Stock	Real Estate	Real Estate Management & Development	Colliers International Group	31615	$156.21	0.37%	$4,938,579.15
128	NEU	Common Stock	Materials	Chemicals	NewMarket Corporation	5960	$828.21	0.37%	$4,936,131.60
129	SNX	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	TD SYNNEX	29839	$163.75	0.36%	$4,886,136.25
130	SNEX	Common Stock	Financials	Capital Markets	StoneX Group	48410	$100.92	0.36%	$4,885,537.20
131	BLBD	Common Stock	Industrials	Machinery	Blue Bird	84819	$57.55	0.36%	$4,881,333.45
132	TKR	Common Stock	Industrials	Machinery	Timken Company (The)	64555	$75.18	0.36%	$4,853,244.90
133	GNK	Common Stock	Industrials	Marine Transportation	Genco Shipping & Trading	271377	$17.80	0.36%	$4,830,510.60
134	KN	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Knowles Corporation	206046	$23.31	0.36%	$4,802,932.26
135	MLR	Common Stock	Industrials	Machinery	Miller Industries	118606	$40.42	0.36%	$4,794,054.52
136	MBIN	Common Stock	Financials	Financial Services	Merchants Bancorp	149847	$31.80	0.35%	$4,765,134.60
137	NVST	Common Stock	Health Care	Health Care Equipment & Supplies	Envista Holdings	232996	$20.37	0.35%	$4,746,128.52
138	SLGN	Common Stock	Materials	Containers & Packaging	Silgan Holdings	110062	$43.01	0.35%	$4,733,766.62
139	TDY	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Teledyne Technologies	8040	$586.04	0.35%	$4,711,761.60
140	TNK	Common Stock	Energy	Oil, Gas & Consumable Fuels	Teekay Tankers Cl. A	92850	$50.55	0.35%	$4,693,567.50
141	MSM	Common Stock	Industrials	Trading Companies & Distributors	MSC Industrial Direct Cl. A	50937	$92.14	0.35%	$4,693,335.18
142	HIFS	Common Stock	Financials	Banks	Hingham Institution for Savings	17628	$263.78	0.35%	$4,649,913.84
143	AMPH	Common Stock	Health Care	Pharmaceuticals	Amphastar Pharmaceuticals	173962	$26.65	0.34%	$4,636,087.30
144	BRSL	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Brightstar Lottery	267176	$17.25	0.34%	$4,608,786.00
145	FSV	Common Stock	Real Estate	Real Estate Management & Development	FirstService Corporation	23813	$190.49	0.34%	$4,536,138.37
146	BOKF	Common Stock	Financials	Banks	BOK Financial	40236	$111.44	0.33%	$4,483,899.84
147	GPK	Common Stock	Materials	Containers & Packaging	Graphic Packaging Holding Company	227338	$19.57	0.33%	$4,449,004.66
148	COLL	Common Stock	Health Care	Pharmaceuticals	Collegium Pharmaceutical	125915	$34.99	0.33%	$4,405,765.85
149	EXPO	Common Stock	Industrials	Professional Services	Exponent	62685	$69.48	0.32%	$4,355,353.80
150	JILL	Common Stock	Consumer Discretionary	Specialty Retail	J.Jill	251339	$17.15	0.32%	$4,310,463.85
151	OCFC	Common Stock	Financials	Banks	OceanFirst Financial	244612	$17.57	0.32%	$4,297,832.84
152	ACT	Common Stock	Financials	Financial Services	Enact Holdings	111669	$38.34	0.32%	$4,281,389.46
153	CIVI	Common Stock	Energy	Oil, Gas & Consumable Fuels	Civitas Resources	130017	$32.50	0.31%	$4,225,552.50
154	RS	Common Stock	Materials	Metals & Mining	Reliance	14973	$280.83	0.31%	$4,204,867.59
155	FRPH	Common Stock	Real Estate	Real Estate Management & Development	FRP Holdings	170323	$24.36	0.31%	$4,149,068.28
156	WCC	Common Stock	Industrials	Trading Companies & Distributors	WESCO International	19525	$211.50	0.31%	$4,129,537.50
157	LEA	Common Stock	Consumer Discretionary	Automobile Components	Lear Corporation	40696	$100.61	0.30%	$4,094,424.56
158	TPH	Common Stock	Consumer Discretionary	Household Durables	Tri Pointe Homes	120489	$33.97	0.30%	$4,093,011.33
159	ETD	Common Stock	Consumer Discretionary	Household Durables	Ethan Allen Interiors	138490	$29.46	0.30%	$4,079,915.40
160	PHM	Common Stock	Consumer Discretionary	Household Durables	PulteGroup	30743	$132.13	0.30%	$4,062,072.59
161	FROG	Common Stock	Information Technology	Software	JFrog	84926	$47.33	0.30%	$4,019,547.58
162	AMSF	Common Stock	Financials	Insurance	AMERISAFE	91621	$43.84	0.30%	$4,016,664.64
163	MTH	Common Stock	Consumer Discretionary	Household Durables	Meritage Homes	55435	$72.43	0.30%	$4,015,157.05
164	CHRD	Common Stock	Energy	Oil, Gas & Consumable Fuels	Chord Energy	40332	$99.37	0.30%	$4,007,790.84
165	TSBK	Common Stock	Financials	Banks	Timberland Bancorp	120336	$33.28	0.30%	$4,004,782.08
166	CBT	Common Stock	Materials	Chemicals	Cabot Corporation	52623	$76.05	0.30%	$4,001,979.15
167	PLUS	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	ePlus	56218	$71.01	0.30%	$3,992,040.18
168	WS	Common Stock	Materials	Metals & Mining	Worthington Steel	131068	$30.39	0.30%	$3,983,156.52
169	MTDR	Common Stock	Energy	Oil, Gas & Consumable Fuels	Matador Resources	88147	$44.93	0.29%	$3,960,444.71
170	AIOT	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Powerfleet	751408	$5.24	0.29%	$3,937,377.92
171	ORIC	Common Stock	Health Care	Biotechnology	ORIC Pharmaceuticals	328065	$12.00	0.29%	$3,936,780.00
172	DFIN	Common Stock	Financials	Capital Markets	Donnelley Financial Solutions	76458	$51.43	0.29%	$3,932,234.94
173	FLEX	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Flex	67604	$57.97	0.29%	$3,919,003.88
174	SM	Common Stock	Energy	Oil, Gas & Consumable Fuels	SM Energy	156061	$24.97	0.29%	$3,896,843.17
175	CCNE	Common Stock	Financials	Banks	CNB Financial	160709	$24.20	0.29%	$3,889,157.80
176	FRBA	Common Stock	Financials	Banks	First Bank	235018	$16.29	0.28%	$3,828,443.22
177	SKY	Common Stock	Consumer Discretionary	Household Durables	Champion Homes	49003	$76.37	0.28%	$3,742,359.11
178	ALSN	Common Stock	Industrials	Machinery	Allison Transmission Holdings	44084	$84.88	0.28%	$3,741,849.92
179	FTDR	Common Stock	Consumer Discretionary	Diversified Consumer Services	frontdoor	55230	$67.29	0.28%	$3,716,426.70
180	TIPT	Common Stock	Financials	Insurance	Tiptree	192049	$19.17	0.27%	$3,681,579.33
181	FC	Common Stock	Industrials	Professional Services	Franklin Covey	183971	$19.41	0.27%	$3,570,877.11
182	TSEM	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Tower Semiconductor	49172	$72.30	0.26%	$3,555,135.60
183	AZTA	Common Stock	Health Care	Life Sciences Tools & Services	Azenta	122710	$28.72	0.26%	$3,524,231.20
184	AMRC	Common Stock	Industrials	Construction & Engineering	Ameresco Cl. A	103139	$33.58	0.26%	$3,463,407.62
185	CBZ	Common Stock	Industrials	Professional Services	CBIZ	65227	$52.96	0.26%	$3,454,421.92
186	JBL	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Jabil	15812	$217.17	0.26%	$3,433,892.04
187	STVN	Common Stock	Health Care	Life Sciences Tools & Services	Stevanato Group	132046	$25.75	0.25%	$3,400,184.50
188	MOG/A	Common Stock	Industrials	Aerospace & Defense	Moog Cl. A	16213	$207.67	0.25%	$3,366,953.71
189	WGS	Common Stock	Health Care	Health Care Providers & Services	GeneDx Holdings Cl. A	31130	$107.74	0.25%	$3,353,946.20
190	SIGA	Common Stock	Health Care	Pharmaceuticals	SIGA Technologies	357096	$9.15	0.24%	$3,267,428.40
191	VSEC	Common Stock	Industrials	Commercial Services & Supplies	VSE Corporation	19539	$166.24	0.24%	$3,248,163.36
192	PWP	Common Stock	Financials	Capital Markets	Perella Weinberg Partners Cl. A	150647	$21.32	0.24%	$3,211,794.04
193	DSGR	Common Stock	Industrials	Trading Companies & Distributors	Distribution Solutions Group	106672	$30.08	0.24%	$3,208,693.76
194	HLIO	Common Stock	Industrials	Machinery	Helios Technologies	59852	$52.13	0.23%	$3,120,084.76
195	VCTR	Common Stock	Financials	Capital Markets	Victory Capital Holdings Cl. A	47900	$64.76	0.23%	$3,102,004.00
196	MLAB	Common Stock	Health Care	Life Sciences Tools & Services	Mesa Laboratories	45515	$67.01	0.23%	$3,049,960.15
197	CIVB	Common Stock	Financials	Banks	Civista Bancshares	148928	$20.31	0.22%	$3,024,727.68
198	BC	Common Stock	Consumer Discretionary	Leisure Products	Brunswick Corporation	47575	$63.24	0.22%	$3,008,643.00
199	PLAB	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Photronics	130787	$22.95	0.22%	$3,001,561.65
200	FTAI	Common Stock	Industrials	Trading Companies & Distributors	FTAI Aviation	17906	$166.86	0.22%	$2,987,795.16
201	ARCB	Common Stock	Industrials	Ground Transportation	ArcBest Corporation	41873	$69.87	0.22%	$2,925,666.51
202	MYRG	Common Stock	Industrials	Construction & Engineering	MYR Group	13750	$208.03	0.21%	$2,860,412.50
203	HLI	Common Stock	Financials	Capital Markets	Houlihan Lokey Cl. A	13841	$205.32	0.21%	$2,841,834.12
204	RBA	Common Stock	Industrials	Commercial Services & Supplies	RB Global	25600	$108.36	0.21%	$2,774,016.00
205	LEU	Common Stock	Energy	Oil, Gas & Consumable Fuels	Centrus Energy Cl. A	8681	$310.07	0.20%	$2,691,717.67
206	MOH	Common Stock	Health Care	Health Care Providers & Services	Molina Healthcare	13654	$191.36	0.19%	$2,612,829.44
207	CNTA	Common Stock	Health Care	Biotechnology	Centessa Pharmaceuticals ADR	107671	$24.25	0.19%	$2,611,021.75
208	INDV	Common Stock	Health Care	Pharmaceuticals	Indivior	106954	$24.11	0.19%	$2,578,660.94
209	JBI	Common Stock	Industrials	Building Products	Janus International Group	255247	$9.87	0.19%	$2,519,287.89
210	SCVL	Common Stock	Consumer Discretionary	Specialty Retail	Shoe Carnival	118115	$20.79	0.18%	$2,455,610.85
211	MATX	Common Stock	Industrials	Marine Transportation	Matson	24722	$98.59	0.18%	$2,437,341.98
212	CYTK	Common Stock	Health Care	Biotechnology	Cytokinetics	43527	$54.96	0.18%	$2,392,243.92
213	WFRD	Common Stock	Energy	Energy Equipment & Services	Weatherford International	34861	$68.43	0.18%	$2,385,538.23
214	ESQ	Common Stock	Financials	Banks	Esquire Financial Holdings	23200	$102.06	0.18%	$2,367,676.00
215	ARW	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Arrow Electronics	19504	$121.00	0.18%	$2,359,984.00
216	MDI CN	Common Stock	Materials	Metals & Mining	Major Drilling Group International	281491	$8.36	0.17%	$2,354,354.56
217	MTSR	Common Stock	Health Care	Biotechnology	Metsera	44333	$52.33	0.17%	$2,319,945.89
218	MSA	Common Stock	Industrials	Commercial Services & Supplies	MSA Safety	13470	$172.07	0.17%	$2,317,782.90
219	UCTT	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Ultra Clean Holdings	83762	$27.25	0.17%	$2,282,514.50
220	CMC	Common Stock	Materials	Metals & Mining	Commercial Metals	39806	$57.28	0.17%	$2,280,087.68
221	BELFB	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Bel Fuse Cl. B	16084	$141.02	0.17%	$2,268,165.68
222	GABC	Common Stock	Financials	Banks	German American Bancorp	57339	$39.27	0.17%	$2,251,702.53
223	NWPX	Common Stock	Industrials	Construction & Engineering	NWPX Infrastructure	41766	$52.93	0.16%	$2,210,674.38
224	ONEW	Common Stock	Consumer Discretionary	Specialty Retail	OneWater Marine Cl. A	136554	$15.84	0.16%	$2,163,015.36
225	ADEA	Common Stock	Information Technology	Software	Adeia	125607	$16.80	0.16%	$2,110,197.60
226	SKWD	Common Stock	Financials	Insurance	Skyward Specialty Insurance Group	44043	$47.56	0.16%	$2,094,685.08
227	R	Common Stock	Industrials	Ground Transportation	Ryder System	10961	$188.64	0.15%	$2,067,683.04
228	CENX	Common Stock	Materials	Metals & Mining	Century Aluminum	64478	$29.36	0.14%	$1,893,074.08
229	UNF	Common Stock	Industrials	Commercial Services & Supplies	UniFirst Corporation	11072	$167.19	0.14%	$1,851,127.68
230	ZVRA	Common Stock	Health Care	Pharmaceuticals	Zevra Therapeutics	187649	$9.51	0.13%	$1,784,541.99
231	AXS	Common Stock	Financials	Insurance	Axis Capital Holdings	17733	$95.80	0.13%	$1,698,821.40
232	RUSHA	Common Stock	Industrials	Trading Companies & Distributors	Rush Enterprises Cl. A	31674	$53.47	0.13%	$1,693,608.78
233	NVEC	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	NVE Corporation	25148	$65.27	0.12%	$1,641,409.96
234	USLM	Common Stock	Materials	Construction Materials	United States Lime & Minerals	12191	$131.55	0.12%	$1,603,726.05
235	BFST	Common Stock	Financials	Banks	Business First Bancshares	65324	$23.61	0.11%	$1,542,299.64
236	HALO	Common Stock	Health Care	Biotechnology	Halozyme Therapeutics	20626	$73.34	0.11%	$1,512,710.84
237	TRST	Common Stock	Financials	Banks	TrustCo Bank Corp NY	41536	$36.30	0.11%	$1,507,756.80
238	MCB	Common Stock	Financials	Banks	Metropolitan Bank Holding	19112	$74.82	0.11%	$1,429,959.84
239	HWKN	Common Stock	Materials	Chemicals	Hawkins	7766	$182.72	0.11%	$1,419,003.52
240	ALGM	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Allegro MicroSystems	44404	$29.20	0.10%	$1,296,596.80
241	TVTX	Common Stock	Health Care	Biotechnology	Travere Therapeutics	53081	$23.90	0.09%	$1,268,635.90
242	BBSI	Common Stock	Industrials	Professional Services	Barrett Business Services	28445	$44.32	0.09%	$1,260,682.40
243	LMB	Common Stock	Industrials	Construction & Engineering	Limbach Holdings	12883	$97.12	0.09%	$1,251,196.96
244	SRDX	Common Stock	Health Care	Health Care Equipment & Supplies	Surmodics	41784	$29.89	0.09%	$1,248,923.76
245	AXSM	Common Stock	Health Care	Pharmaceuticals	Axsome Therapeutics	9892	$121.45	0.09%	$1,201,383.40
246	CSL	Common Stock	Industrials	Building Products	Carlisle Companies	3600	$328.96	0.09%	$1,184,256.00
247	QNST	Common Stock	Communication Services	Interactive Media & Services	QuinStreet	76292	$15.47	0.09%	$1,180,237.24
248	MTUS	Common Stock	Materials	Metals & Mining	Metallus	69000	$16.53	0.08%	$1,140,570.00
249	ESPR	Common Stock	Health Care	Pharmaceuticals	Esperion Therapeutics	420906	$2.65	0.08%	$1,115,400.90
250	DRS	Common Stock	Industrials	Aerospace & Defense	Leonardo DRS	24352	$45.40	0.08%	$1,105,580.80
251	CCB	Common Stock	Financials	Banks	Coastal Financial	9640	$108.17	0.08%	$1,042,758.80
252	NBN	Common Stock	Financials	Banks	Northeast Bank	10346	$100.16	0.08%	$1,036,255.36
253	WSM	Common Stock	Consumer Discretionary	Specialty Retail	Williams-Sonoma	5030	$195.45	0.07%	$983,113.50
254	WDFC	Common Stock	Consumer Staples	Household Products	WD-40 Company	4818	$197.60	0.07%	$952,036.80
255	SLNO	Common Stock	Health Care	Biotechnology	Soleno Therapeutics	13471	$67.60	0.07%	$910,639.60
256	IIIV	Common Stock	Financials	Financial Services	I3 Verticals Cl. A	25580	$32.46	0.06%	$830,326.80
257	PTCT	Common Stock	Health Care	Biotechnology	PTC Therapeutics	13411	$61.37	0.06%	$823,033.07
258	CBNA	Common Stock	Financials	Banks	Chain Bridge Bancorp Cl. A	22171	$32.73	0.05%	$725,656.83
259	LUNA!	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Luna Innovations	655884	$1.10	0.05%	$721,472.40
260	MOV	Common Stock	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Movado Group	37569	$18.97	0.05%	$712,683.93
261	ESTA	Common Stock	Health Care	Health Care Equipment & Supplies	Establishment Labs Holdings	17243	$40.99	0.05%	$706,790.57
262	SPXC	Common Stock	Industrials	Machinery	SPX Technologies	3325	$186.78	0.05%	$621,043.50
263	UFPT	Common Stock	Health Care	Health Care Equipment & Supplies	UFP Technologies	3100	$199.60	0.05%	$618,760.00
264	POOL	Common Stock	Consumer Discretionary	Distributors	Pool Corporation	1888	$310.07	0.04%	$585,412.16
265	MIR	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Mirion Technologies Cl. A	23475	$23.26	0.04%	$546,028.50
266	MLI	Common Stock	Industrials	Machinery	Mueller Industries	4508	$101.11	0.03%	$455,803.88
267	BLFS	Common Stock	Health Care	Life Sciences Tools & Services	BioLife Solutions	17602	$25.51	0.03%	$449,027.02
268	REVG	Common Stock	Industrials	Machinery	REV Group	2556	$56.67	0.01%	$144,848.52

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Royce Small-Cap Fund

Holdings as of: 09/30/25

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