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 Capital Fund - Micro-Cap Portfolio

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	4177263	$100.00	4.04%	$4,177,262.74
2	LINC	Common Stock	Consumer Discretionary	Diversified Consumer Services	Lincoln Educational Services	41816	$40.68	1.65%	$1,701,074.88
3	UCTT	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Ultra Clean Holdings	25163	$62.18	1.51%	$1,564,635.34
4	VNP CN	Common Stock	Materials	Chemicals	5N Plus	67867	$22.77	1.49%	$1,545,558.59
5	ICHR	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Ichor Holdings	30765	$46.61	1.39%	$1,433,956.65
6	SII CN	Common Stock	Financials	Capital Markets	Sprott	9877	$142.71	1.36%	$1,409,519.11
7	COHU	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Cohu	44807	$30.62	1.33%	$1,371,990.34
8	NWPX	Common Stock	Industrials	Construction & Engineering	NWPX Infrastructure	17507	$77.86	1.32%	$1,363,095.02
9	NGS	Common Stock	Energy	Energy Equipment & Services	Natural Gas Services Group	35835	$37.74	1.31%	$1,352,412.90
10	EZPW	Common Stock	Financials	Consumer Finance	EZCORP Cl. A	52910	$25.38	1.30%	$1,342,855.80
11	ADTN	Common Stock	Information Technology	Communications Equipment	ADTRAN Holdings	106158	$12.58	1.29%	$1,335,467.64
12	BELFB	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Bel Fuse Cl. B	6553	$197.98	1.25%	$1,297,362.94
13	GHM	Common Stock	Industrials	Machinery	Graham Corporation	16135	$78.92	1.23%	$1,273,374.20
14	PKE	Common Stock	Industrials	Aerospace & Defense	Park Aerospace	44473	$27.38	1.18%	$1,217,670.74
15	DGII	Common Stock	Information Technology	Communications Equipment	Digi International	24735	$48.20	1.15%	$1,192,227.00
16	ISTR	Common Stock	Financials	Banks	Investar Holding	43335	$27.27	1.14%	$1,181,745.45
17	MDI CN	Common Stock	Materials	Metals & Mining	Major Drilling Group International	102097	$11.52	1.14%	$1,175,755.83
18	NPKI	Common Stock	Energy	Energy Equipment & Services	NPK International	80760	$14.49	1.13%	$1,170,212.40
19	LASR	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	nLIGHT	20341	$57.02	1.12%	$1,159,843.82
20	ALS CN	Common Stock	Materials	Metals & Mining	Altius Minerals	31762	$35.17	1.08%	$1,117,184.00
21	TRNS	Common Stock	Industrials	Trading Companies & Distributors	Transcat	15122	$73.45	1.07%	$1,110,710.90
22	LIND	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Lindblad Expeditions Holdings	64030	$17.30	1.07%	$1,107,719.00
23	WNEB	Common Stock	Financials	Banks	Western New England Bancorp	81137	$12.93	1.01%	$1,049,101.41
24	LGCY	Common Stock	Consumer Discretionary	Diversified Consumer Services	Legacy Education	81917	$12.52	0.99%	$1,025,600.84
25	CAMT	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Camtek	6715	$151.61	0.98%	$1,018,061.15
26	OPY	Common Stock	Financials	Capital Markets	Oppenheimer Holdings Cl. A	11406	$89.19	0.98%	$1,017,301.14
27	ESTA	Common Stock	Health Care	Health Care Equipment & Supplies	Establishment Labs Holdings	17645	$56.78	0.97%	$1,001,883.10
28	NVMI	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Nova	2305	$434.28	0.97%	$1,001,015.40
29	VPG	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Vishay Precision Group	22813	$43.42	0.96%	$990,540.46
30	CECO	Common Stock	Industrials	Commercial Services & Supplies	CECO Environmental	16412	$59.58	0.95%	$977,826.96
31	RELL	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Richardson Electronics	88649	$10.95	0.94%	$970,706.55
32	CTRN	Common Stock	Consumer Discretionary	Specialty Retail	Citi Trends	22369	$43.32	0.94%	$969,025.08
33	IMAX	Common Stock	Communication Services	Entertainment	IMAX Corporation	25265	$38.01	0.93%	$960,322.65
34	INTT	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	inTEST Corporation	70260	$13.65	0.93%	$959,049.00
35	CUBI	Common Stock	Financials	Banks	Customers Bancorp	13361	$69.41	0.90%	$927,387.01
36	LPTH	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	LightPath Technologies Cl. A	91536	$10.03	0.89%	$918,106.08
37	IGIC	Common Stock	Financials	Insurance	International General Insurance Holdings	37399	$24.23	0.88%	$905,990.78
38	LQDT	Common Stock	Industrials	Commercial Services & Supplies	Liquidity Services	29489	$30.57	0.87%	$901,478.73
39	MLAB	Common Stock	Health Care	Life Sciences Tools & Services	Mesa Laboratories	10017	$88.42	0.86%	$885,703.14
40	ACU	Common Stock	Industrials	Commercial Services & Supplies	Acme United	19360	$44.91	0.84%	$869,457.60
41	AAOI	Common Stock	Information Technology	Communications Equipment	Applied Optoelectronics	10266	$84.59	0.84%	$868,400.94
42	LMB	Common Stock	Industrials	Construction & Engineering	Limbach Holdings	11013	$78.05	0.83%	$859,564.65
43	CVLG	Common Stock	Industrials	Ground Transportation	Covenant Logistics Group Cl. A	31525	$27.15	0.83%	$855,903.75
44	LXFR	Common Stock	Industrials	Machinery	Luxfer Holdings	70109	$12.18	0.83%	$853,927.62
45	ATRO	Common Stock	Industrials	Aerospace & Defense	Astronics Corporation	12787	$66.73	0.83%	$853,276.51
46	KOPN	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Kopin Corporation	374129	$2.25	0.81%	$841,790.25
47	CF CN	Common Stock	Financials	Capital Markets	Canaccord Genuity Group	94613	$8.56	0.78%	$810,035.82
48	WTTR	Common Stock	Energy	Energy Equipment & Services	Select Water Solutions Cl. A	52727	$15.30	0.78%	$806,723.10
49	APYX	Common Stock	Health Care	Health Care Equipment & Supplies	Apyx Medical	215125	$3.69	0.77%	$793,811.25
50	LYTS	Common Stock	Industrials	Electrical Equipment	LSI Industries	42670	$18.60	0.77%	$793,662.00
51	AOUT	Common Stock	Consumer Discretionary	Leisure Products	American Outdoor Brands	84422	$9.34	0.76%	$788,501.48
52	AMN	Common Stock	Health Care	Health Care Providers & Services	AMN Healthcare Services	42514	$18.34	0.75%	$779,706.76
53	VSEC	Common Stock	Industrials	Commercial Services & Supplies	VSE Corporation	4217	$184.40	0.75%	$777,614.80
54	NBN	Common Stock	Financials	Banks	Northeast Bank	6697	$112.37	0.73%	$752,541.89
55	AORT	Common Stock	Health Care	Health Care Equipment & Supplies	Artivion	20208	$36.62	0.72%	$740,016.96
56	HPS/A CN	Common Stock	Industrials	Electrical Equipment	Hammond Power Solutions Cl. A	5859	$126.07	0.71%	$738,618.96
57	TITN	Common Stock	Industrials	Trading Companies & Distributors	Titan Machinery	43800	$16.72	0.71%	$732,336.00
58	EVI	Common Stock	Industrials	Trading Companies & Distributors	EVI Industries	35056	$20.58	0.70%	$721,452.48
59	BCML	Common Stock	Financials	Banks	BayCom Corp.	24092	$29.73	0.69%	$716,134.70
60	NX	Common Stock	Industrials	Building Products	Quanex Building Products	39766	$17.97	0.69%	$714,595.02
61	MCFT	Common Stock	Consumer Discretionary	Leisure Products	MasterCraft Boat Holdings	34745	$20.51	0.69%	$712,619.95
62	MEG	Common Stock	Industrials	Commercial Services & Supplies	Montrose Environmental Group	32080	$21.89	0.68%	$702,231.20
63	PSI CN	Common Stock	Energy	Energy Equipment & Services	Pason Systems	72779	$9.52	0.67%	$692,684.90
64	LEGH	Common Stock	Consumer Discretionary	Household Durables	Legacy Housing	33004	$20.43	0.65%	$674,271.72
65	RNGR	Common Stock	Energy	Energy Equipment & Services	Ranger Energy Services Cl. A	39207	$17.14	0.65%	$672,007.98
66	CTKB	Common Stock	Health Care	Life Sciences Tools & Services	Cytek Biosciences	151203	$4.37	0.64%	$660,757.11
67	PRN CN	Common Stock	Health Care	Health Care Equipment & Supplies	Profound Medical	102757	$6.40	0.64%	$657,420.24
68	QNST	Common Stock	Communication Services	Interactive Media & Services	QuinStreet	53696	$12.01	0.62%	$644,888.96
69	CBNA	Common Stock	Financials	Banks	Chain Bridge Bancorp Cl. A	18375	$34.90	0.62%	$641,287.50
70	HIFS	Common Stock	Financials	Banks	Hingham Institution for Savings	2227	$285.84	0.62%	$636,565.68
71	CLFD	Common Stock	Information Technology	Communications Equipment	Clearfield	23563	$26.47	0.60%	$623,712.61
72	BLFS	Common Stock	Health Care	Life Sciences Tools & Services	BioLife Solutions	32588	$19.08	0.60%	$621,779.04
73	AIOT	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Powerfleet	201134	$3.08	0.60%	$619,492.72
74	AMRC	Common Stock	Industrials	Construction & Engineering	Ameresco Cl. A	24276	$25.50	0.60%	$619,038.00
75	BBCP	Common Stock	Industrials	Construction & Engineering	Concrete Pumping Holdings	85878	$7.14	0.59%	$613,168.92
76	ESQ	Common Stock	Financials	Banks	Esquire Financial Holdings	5656	$107.50	0.59%	$608,020.00
77	CDNA	Common Stock	Health Care	Biotechnology	CareDx	34424	$17.36	0.58%	$597,600.64
78	ORIC	Common Stock	Health Care	Biotechnology	ORIC Pharmaceuticals	46835	$12.67	0.57%	$593,399.45
79	HTB	Common Stock	Financials	Banks	HomeTrust Bancshares	13887	$42.65	0.57%	$592,280.55
80	HBT	Common Stock	Financials	Banks	HBT Financial	21758	$26.72	0.56%	$581,373.76
81	RLGT	Common Stock	Industrials	Air Freight & Logistics	Radiant Logistics	82041	$7.05	0.56%	$578,389.05
82	CMT	Common Stock	Materials	Chemicals	Core Molding Technologies	25538	$22.40	0.55%	$572,051.20
83	SD	Common Stock	Energy	Oil, Gas & Consumable Fuels	SandRidge Energy	34151	$16.31	0.54%	$557,002.81
84	CLMB	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Climb Global Solutions	27608	$19.82	0.53%	$547,190.56
85	REPX	Common Stock	Energy	Oil, Gas & Consumable Fuels	Riley Exploration Permian	14946	$36.45	0.53%	$544,781.70
86	ARLO	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Arlo Technologies	38221	$14.23	0.53%	$543,884.83
87	GSM	Common Stock	Materials	Metals & Mining	Ferroglobe	130217	$4.12	0.52%	$536,494.04
88	BWMN	Common Stock	Industrials	Construction & Engineering	Bowman Consulting Group	17328	$28.44	0.48%	$492,808.32
89	LNN	Common Stock	Industrials	Machinery	Lindsay Corporation	4137	$119.07	0.48%	$492,592.59
90	AZTA	Common Stock	Health Care	Life Sciences Tools & Services	Azenta	23288	$21.13	0.48%	$492,075.44
91	DSGR	Common Stock	Industrials	Trading Companies & Distributors	Distribution Solutions Group	18743	$26.24	0.48%	$491,816.32
92	REAL	Common Stock	Consumer Discretionary	Specialty Retail	RealReal	52376	$9.08	0.46%	$475,574.08
93	ONEW	Common Stock	Consumer Discretionary	Specialty Retail	OneWater Marine Cl. A	50195	$9.45	0.46%	$474,342.75
94	SLP	Common Stock	Health Care	Health Care Technology	Simulations Plus	39767	$11.82	0.45%	$470,045.94
95	MRVI	Common Stock	Health Care	Life Sciences Tools & Services	Maravai LifeSciences Holdings Cl. A	162808	$2.83	0.45%	$460,746.64
96	ESPR	Common Stock	Health Care	Pharmaceuticals	Esperion Therapeutics	167777	$2.74	0.44%	$459,708.98
97	KFRC	Common Stock	Industrials	Professional Services	Kforce	15458	$29.24	0.44%	$451,991.92
98	CCRN	Common Stock	Health Care	Health Care Providers & Services	Cross Country Healthcare	47595	$9.40	0.43%	$447,393.00
99	SAMG	Common Stock	Financials	Capital Markets	Silvercrest Asset Management Group Cl. A	33030	$13.44	0.43%	$443,923.20
100	AMSC	Common Stock	Industrials	Electrical Equipment	American Superconductor	12925	$33.85	0.42%	$437,511.25
101	FOXF	Common Stock	Consumer Discretionary	Automobile Components	Fox Factory Holding Corp.	26287	$16.46	0.42%	$432,684.02
102	TH	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Target Hospitality	46561	$9.28	0.42%	$432,086.08
103	ERII	Common Stock	Industrials	Machinery	Energy Recovery	42882	$10.07	0.42%	$431,821.74
104	NTGR	Common Stock	Information Technology	Communications Equipment	NETGEAR	19575	$21.84	0.41%	$427,518.00
105	CKN LN	Common Stock	Industrials	Marine Transportation	Clarkson	6855	$61.35	0.41%	$420,552.02
106	FWRD	Common Stock	Industrials	Air Freight & Logistics	Forward Air	24698	$16.71	0.40%	$412,703.58
107	PAR	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	PAR Technology	30465	$13.33	0.39%	$406,098.45
108	MG	Common Stock	Industrials	Professional Services	Mistras Group	26513	$14.78	0.38%	$391,862.14
109	CCB	Common Stock	Financials	Banks	Coastal Financial	5115	$76.10	0.38%	$389,251.50
110	ASUR	Common Stock	Industrials	Professional Services	Asure Software	44346	$8.60	0.37%	$381,375.60
111	MGNI	Common Stock	Communication Services	Media	Magnite	31720	$11.88	0.36%	$376,833.60
112	CVU	Common Stock	Industrials	Aerospace & Defense	CPI Aerostructures	95135	$3.92	0.36%	$372,929.20
113	CERT	Common Stock	Health Care	Health Care Technology	Certara	65245	$5.70	0.36%	$371,896.50
114	HOV	Common Stock	Consumer Discretionary	Household Durables	Hovnanian Enterprises Cl. A	3250	$110.91	0.35%	$360,457.50
115	PPIH	Common Stock	Industrials	Machinery	Perma-Pipe International Holdings	12064	$29.81	0.35%	$359,627.84
116	MMI	Common Stock	Real Estate	Real Estate Management & Development	Marcus & Millichap	13482	$26.59	0.35%	$358,486.38
117	MRTN	Common Stock	Industrials	Ground Transportation	Marten Transport	26769	$13.13	0.34%	$351,476.97
118	SRI	Common Stock	Consumer Discretionary	Automobile Components	Stoneridge	72052	$4.83	0.34%	$348,011.16
119	PENG	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Penguin Solutions	19691	$17.60	0.34%	$346,561.60
120	JBI	Common Stock	Industrials	Building Products	Janus International Group	66909	$5.15	0.33%	$344,581.35
121	AEHR	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Aehr Test Systems	9199	$37.08	0.33%	$341,098.92
122	AOSL	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Alpha and Omega Semiconductor	15231	$22.16	0.33%	$337,518.96
123	TWI	Common Stock	Industrials	Machinery	Titan International	47130	$6.91	0.32%	$325,668.30
124	BBBY	Common Stock	Consumer Discretionary	Specialty Retail	Bed Bath & Beyond	70172	$4.64	0.31%	$325,598.08
125	LGIH	Common Stock	Consumer Discretionary	Household Durables	LGI Homes	8225	$39.53	0.31%	$325,134.25
126	LAKE	Common Stock	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Lakeland Industries	39067	$8.19	0.31%	$319,958.73
127	TBI	Common Stock	Industrials	Professional Services	TrueBlue	78163	$3.91	0.30%	$305,617.33
128	AEBI	Common Stock	Industrials	Machinery	Aebi Schmidt Holding	31385	$9.71	0.29%	$304,748.35
129	ANGO	Common Stock	Health Care	Health Care Equipment & Supplies	AngioDynamics	26504	$11.37	0.29%	$301,350.48
130	ALTG	Common Stock	Industrials	Trading Companies & Distributors	Alta Equipment Group	55386	$5.37	0.29%	$297,422.82
131	JILL	Common Stock	Consumer Discretionary	Specialty Retail	J.Jill	25532	$11.46	0.28%	$292,596.72
132	RBBN	Common Stock	Information Technology	Communications Equipment	Ribbon Communications	137625	$2.12	0.28%	$291,765.00
133	TKNO	Common Stock	Health Care	Life Sciences Tools & Services	Alpha Teknova	99046	$2.89	0.28%	$286,242.94
134	FWRG	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	First Watch Restaurant Group	26749	$10.48	0.27%	$280,329.52
135	CMPX	Common Stock	Health Care	Biotechnology	Compass Therapeutics	49763	$5.29	0.25%	$263,246.27
136	PD	Common Stock	Information Technology	Software	PagerDuty	41118	$6.21	0.25%	$255,342.78
137	SOPH	Common Stock	Health Care	Health Care Technology	SOPHiA GENETICS	51238	$4.95	0.25%	$253,628.10
138	LAB	Common Stock	Health Care	Life Sciences Tools & Services	Standard BioTools	275104	$0.92	0.24%	$252,903.11
139	PNG CN	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Kraken Robotics	36423	$5.75	0.20%	$209,463.01
140	DHX	Common Stock	Communication Services	Interactive Media & Services	DHI Group	74434	$2.81	0.20%	$209,159.54
141	CNTY	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Century Casinos	149217	$1.39	0.20%	$207,411.63
142	ABSI	Common Stock	Health Care	Biotechnology	Absci Corporation	67653	$3.00	0.20%	$202,959.00
143	BBOT	Common Stock	Health Care	Biotechnology	BridgeBio Oncology Therapeutics	22007	$8.95	0.19%	$196,962.65
144	PWP	Common Stock	Financials	Capital Markets	Perella Weinberg Partners Cl. A	10231	$18.16	0.18%	$185,794.96
145	VRA	Common Stock	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Vera Bradley	55034	$3.16	0.17%	$173,907.44
146	DCTH	Common Stock	Health Care	Health Care Equipment & Supplies	Delcath Systems	18013	$9.28	0.16%	$167,160.64
147	ACVA	Common Stock	Industrials	Commercial Services & Supplies	ACV Auctions Cl. A	35417	$4.24	0.15%	$150,168.08
148	SENEA	Common Stock	Consumer Staples	Food Products	Seneca Foods Cl. A	984	$151.12	0.14%	$148,702.08
149	WNC	Common Stock	Industrials	Machinery	Wabash National	15391	$8.62	0.13%	$132,670.42
150	ALOT	Common Stock	Information Technology	Technology Hardware, Storage & Peripherals	AstroNova	14330	$9.19	0.13%	$131,692.70
151	SCVL	Common Stock	Consumer Discretionary	Specialty Retail	Shoe Carnival	7205	$15.59	0.11%	$112,325.95
152	SMRT	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	SmartRent Cl. A	59028	$1.50	0.09%	$88,542.00
153	WPRT	Common Stock	Industrials	Machinery	Westport Fuel Systems	45292	$1.82	0.08%	$82,431.44
154	MDRX!	Common Stock	Health Care	Health Care Technology	Veradigm	13906	$4.65	0.06%	$64,662.90
155	MPTI	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	M-tron Industries	695	$66.85	0.04%	$46,460.75
156	ALIT	Common Stock	Industrials	Professional Services	Alight Cl. A	76652	$0.58	0.04%	$44,665.12
157	AFM CN	Common Stock	Materials	Metals & Mining	Alphamin Resources	43153	$0.83	0.03%	$35,673.89
158	LUNA!	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Luna Innovations	34622	$1.00	0.03%	$34,622.00
159	1515759D LN	Common Stock	Financials	Banks	Midway Investments	1751577	$0.00	0.00%	$0.00

Important Disclosure Information

Royce Capital Fund - Micro-Cap Portfolio

Holdings as of: 03/31/26

Please Upgrade Your Browser

You are about to leave Royce Investment Partners’ website

Disclaimer

You are about to leave Royce Investment Partners’ website

Disclaimer

You are about to leave Royce Investment Partners’ website

Disclaimer

We've noticed that you have visited our website a few times.Would you like to sign up?

We've noticed that you have signed up for our website, but have not validated yourself.Please click below to send a validation email.

To add a Fund please enter your email

Interested in learning more?

This content is for Financial Professionals only.

Interested in learning more?

This content is for Financial Professionals only.

Seeing this again?

Check your email and click the link we sent. (Or fill out the form again.)

Please update your information

Welcome to Royce Investment Partners

Learn more about opportunities from the small cap specialists

Thank You.

Russell 2000 Market Cycles (%)

to

Tell us what you think

You are currently logged in with the email , would you like to sign out and login with the Royce Funds associated with the email?

We've noticed that you have visited our website a few times.

Would you like to sign up?

We've noticed that you have signed up for our website, but have not validated yourself.

Please click below to send a validation email.

Check your email and click the link we sent.
(Or fill out the form again.)