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: 03/31/24

Download Holdings

#	Ticker	Sector	Industry	Name	Price	% of Assets	Market Value
1	RCMCX	Communication Services	Interactive Media & Services	QuinStreet	$0.00	1.42%	$1,960,895.76
2	RCMCX	Industrials	Construction & Engineering	IES Holdings	$0.00	1.40%	$1,932,129.76
3	RCMCX	Industrials	Machinery	Graham Corporation	$0.00	1.39%	$1,921,439.52
4	RCMCX	Energy	Energy Equipment & Services	Natural Gas Services Group	$0.00	1.38%	$1,907,481.96
5	RCMCX	Industrials	Building Products	Quanex Building Products	$0.00	1.36%	$1,875,614.58
6	RCMCX	Consumer Discretionary	Automobile Components	Modine Manufacturing	$0.00	1.32%	$1,826,696.10
7	RCMCX	Industrials	Commercial Services & Supplies	CECO Environmental	$0.00	1.31%	$1,814,459.42
8	RCMCX	Industrials	Commercial Services & Supplies	VSE Corporation	$0.00	1.31%	$1,812,560.00
9	RCMCX	Information Technology	Semiconductors & Semiconductor Equipment	Nova	$0.00	1.30%	$1,790,828.48
10	RCMCX	Industrials	Trading Companies & Distributors	Distribution Solutions Group	$0.00	1.27%	$1,748,454.40
11	RCMCX	Industrials	Professional Services	CRA International	$0.00	1.26%	$1,734,529.68
12	RCMCX	Industrials	Machinery	Wabash National	$0.00	1.23%	$1,700,592.00
13	RCMCX	Consumer Discretionary	Specialty Retail	Shoe Carnival	$0.00	1.23%	$1,696,432.00
14	RCMCX	Industrials	Trading Companies & Distributors	Transcat	$0.00	1.21%	$1,665,321.35
15	RCMCX	Industrials	Marine Transportation	Clarkson	$0.00	1.20%	$1,655,019.14
16	RCMCX	Health Care	Health Care Equipment & Supplies	Artivion	$0.00	1.20%	$1,652,363.24
17	RCMCX	Information Technology	Semiconductors & Semiconductor Equipment	Camtek	$0.00	1.20%	$1,650,939.16
18	RCMCX	Information Technology	Electronic Equipment, Instruments & Components	Arlo Technologies	$0.00	1.19%	$1,649,560.00
19	RCMCX	Financials	Banks	Customers Bancorp	$0.00	1.16%	$1,607,718.00
20	RCMCX	Energy	Energy Equipment & Services	Newpark Resources	$0.00	1.16%	$1,597,786.00
21	RCMCX	Industrials	Construction & Engineering	Northwest Pipe	$0.00	1.15%	$1,586,471.28
22	RCMCX	Industrials	Commercial Services & Supplies	Acme United	$0.00	1.15%	$1,582,717.18
23	RCMCX	Information Technology	Semiconductors & Semiconductor Equipment	Ultra Clean Holdings	$0.00	1.12%	$1,548,683.34
24	RCMCX	Consumer Discretionary	Specialty Retail	Citi Trends	$0.00	1.11%	$1,535,395.22
25	RCMCX	Information Technology	Semiconductors & Semiconductor Equipment	Photronics	$0.00	1.09%	$1,501,979.52
26	RCMCX	Information Technology	Electronic Equipment, Instruments & Components	nLIGHT	$0.00	1.08%	$1,488,500.00
27	RCMCX	Information Technology	Electronic Equipment, Instruments & Components	PAR Technology	$0.00	1.08%	$1,487,808.00
28	RCMCX	Materials	Metals & Mining	Major Drilling Group International	$0.00	1.06%	$1,469,048.76
29	RCMCX	Information Technology	Semiconductors & Semiconductor Equipment	Ichor Holdings	$0.00	1.04%	$1,436,664.00
30	RCMCX	Consumer Discretionary	Household Durables	Hovnanian Enterprises Cl. A	$0.00	1.01%	$1,392,371.68
31	RCMCX	Industrials	Electrical Equipment	American Superconductor	$0.00	1.01%	$1,389,868.27
32	RCMCX	Information Technology	Communications Equipment	Digi International	$0.00	0.98%	$1,352,522.87
33	RCMCX	Information Technology	Semiconductors & Semiconductor Equipment	NVE Corporation	$0.00	0.98%	$1,350,265.14
34	RCMCX	Financials	Banks	HomeTrust Bancshares	$0.00	0.97%	$1,334,192.00
35	RCMCX	Financials	Banks	BayCom	$0.00	0.97%	$1,332,457.11
36	RCMCX	Materials	Chemicals	Aspen Aerogels	$0.00	0.95%	$1,313,294.40
37	RCMCX	Information Technology	Technology Hardware, Storage & Peripherals	AstroNova	$0.00	0.95%	$1,305,938.70
38	RCMCX	Information Technology	Electronic Equipment, Instruments & Components	FARO Technologies	$0.00	0.93%	$1,288,449.00
39	RCMCX	Financials	Banks	Investar Holding	$0.00	0.93%	$1,287,695.60
40	RCMCX	Financials	Banks	Western New England Bancorp	$0.00	0.93%	$1,282,132.54
41	RCMCX	Financials	Banks	HBT Financial	$0.00	0.92%	$1,270,482.08
42	RCMCX	Information Technology	Electronic Equipment, Instruments & Components	Vishay Precision Group	$0.00	0.90%	$1,243,616.00
43	RCMCX	Industrials	Professional Services	Kforce	$0.00	0.89%	$1,227,048.00
44	RCMCX	Financials	Financial Services	Cass Information Systems	$0.00	0.88%	$1,221,013.16
45	RCMCX	Financials	Capital Markets	StoneX Group	$0.00	0.87%	$1,207,137.06
46	RCMCX	Consumer Discretionary	Automobile Components	Stoneridge	$0.00	0.87%	$1,205,976.00
47	RCMCX	Information Technology	Semiconductors & Semiconductor Equipment	Cohu	$0.00	0.87%	$1,203,213.00
48	RCMCX	Industrials	Professional Services	Resources Connection	$0.00	0.87%	$1,195,638.64
49	RCMCX	Information Technology	Electronic Equipment, Instruments & Components	Powerfleet NJ	$0.00	0.86%	$1,183,936.74
50	RCMCX	Information Technology	Communications Equipment	Applied Optoelectronics	$0.00	0.85%	$1,175,632.92
51	RCMCX	Information Technology	Communications Equipment	Harmonic	$0.00	0.85%	$1,174,656.00
52	RCMCX	Industrials	Machinery	Porvair	$0.00	0.84%	$1,153,029.21
53	RCMCX	Communication Services	Entertainment	IMAX Corporation	$0.00	0.82%	$1,135,134.00
54	RCMCX	Health Care	Life Sciences Tools & Services	Harvard Bioscience	$0.00	0.82%	$1,134,963.20
55	RCMCX	Financials	Capital Markets	Silvercrest Asset Management Group Cl. A	$0.00	0.82%	$1,126,668.03
56	RCMCX	Financials	Capital Markets	Sprott	$0.00	0.81%	$1,120,957.08
57	RCMCX	Energy	Energy Equipment & Services	Profire Energy	$0.00	0.80%	$1,105,798.65
58	RCMCX	Financials	Banks	HarborOne Bancorp	$0.00	0.80%	$1,104,280.06
59	RCMCX	Consumer Discretionary	Household Durables	Legacy Housing	$0.00	0.80%	$1,099,585.92
60	RCMCX	Information Technology	Software	Agilysys	$0.00	0.79%	$1,095,380.00
61	RCMCX	Information Technology	Semiconductors & Semiconductor Equipment	inTEST Corporation	$0.00	0.79%	$1,094,953.50
62	RCMCX	Industrials	Construction & Engineering	Concrete Pumping Holdings	$0.00	0.79%	$1,093,360.00
63	RCMCX	Financials	Capital Markets	Canaccord Genuity Group	$0.00	0.79%	$1,093,125.43
64	RCMCX	Materials	Metals & Mining	Universal Stainless & Alloy Products	$0.00	0.79%	$1,092,683.54
65	RCMCX	Industrials	Aerospace & Defense	Astronics Corporation	$0.00	0.77%	$1,067,287.20
66	RCMCX	Consumer Discretionary	Hotels, Restaurants & Leisure	Lindblad Expeditions Holdings	$0.00	0.76%	$1,044,960.00
67	RCMCX	Financials	Banks	Stellar Bancorp	$0.00	0.76%	$1,043,704.20
68	RCMCX	Information Technology	Electronic Equipment, Instruments & Components	Bel Fuse Cl. B	$0.00	0.76%	$1,042,578.97
69	RCMCX	Communication Services	Media	Magnite	$0.00	0.75%	$1,041,675.00
70	RCMCX	Industrials	Machinery	Shyft Group (The)	$0.00	0.74%	$1,017,260.10
71	RCMCX	Consumer Discretionary	Leisure Products	American Outdoor Brands	$0.00	0.74%	$1,016,796.00
72	RCMCX	Information Technology	Semiconductors & Semiconductor Equipment	AXT	$0.00	0.74%	$1,015,308.00
73	RCMCX	Information Technology	Semiconductors & Semiconductor Equipment	PDF Solutions	$0.00	0.73%	$1,013,467.00
74	RCMCX	Industrials	Professional Services	NV5 Global	$0.00	0.73%	$1,009,503.00
75	RCMCX	Consumer Discretionary	Specialty Retail	Beyond	$0.00	0.73%	$1,001,889.00
76	RCMCX	Health Care	Biotechnology	Dynavax Technologies	$0.00	0.72%	$997,764.00
77	RCMCX	Consumer Discretionary	Diversified Consumer Services	Lincoln Educational Services	$0.00	0.71%	$980,038.09
78	RCMCX	Communication Services	Media	Thryv Holdings	$0.00	0.67%	$929,214.00
79	RCMCX	Communication Services	Media	Innovid Corp.	$0.00	0.66%	$913,419.15
80	RCMCX	Health Care	Biotechnology	ARS Pharmaceuticals	$0.00	0.66%	$905,246.72
81	RCMCX	Consumer Discretionary	Specialty Retail	OneWater Marine Cl. A	$0.00	0.65%	$900,265.15
82	RCMCX	Materials	Metals & Mining	Ferroglobe	$0.00	0.63%	$865,832.76
83	RCMCX	Consumer Discretionary	Leisure Products	MasterCraft Boat Holdings	$0.00	0.62%	$861,439.24
84	RCMCX	Industrials	Professional Services	Forrester Research	$0.00	0.61%	$844,138.68
85	RCMCX	Information Technology	Communications Equipment	Clearfield	$0.00	0.60%	$834,376.20
86	RCMCX	Industrials	Commercial Services & Supplies	Montrose Environmental Group	$0.00	0.60%	$832,558.35
87	RCMCX	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Vera Bradley	$0.00	0.60%	$832,320.00
88	RCMCX	Information Technology	Technology Hardware, Storage & Peripherals	Intevac	$0.00	0.60%	$831,294.72
89	RCMCX	Consumer Discretionary	Specialty Retail	Zumiez	$0.00	0.60%	$821,779.00
90	RCMCX	Consumer Staples	Food Products	Seneca Foods Cl. A	$0.00	0.59%	$816,628.80
91	RCMCX	Health Care	Health Care Equipment & Supplies	Profound Medical	$0.00	0.58%	$807,674.86
92	RCMCX	Industrials	Machinery	Alimak Group	$0.00	0.58%	$799,298.78
93	RCMCX	Health Care	Pharmaceuticals	Harrow	$0.00	0.58%	$796,234.32
94	RCMCX	Information Technology	Semiconductors & Semiconductor Equipment	Axcelis Technologies	$0.00	0.57%	$792,126.56
95	RCMCX	Materials	Chemicals	Core Molding Technologies	$0.00	0.56%	$779,934.93
96	RCMCX	Real Estate	Real Estate Management & Development	FRP Holdings	$0.00	0.55%	$763,816.00
97	RCMCX	Energy	Energy Equipment & Services	Ranger Energy Services Cl. A	$0.00	0.55%	$753,302.67
98	RCMCX	Industrials	Machinery	Commercial Vehicle Group	$0.00	0.54%	$751,017.57
99	RCMCX	Health Care	Biotechnology	CareDx	$0.00	0.53%	$734,522.40
100	RCMCX	Materials	Metals & Mining	Altius Minerals	$0.00	0.53%	$726,695.21
101	RCMCX	Industrials	Machinery	Luxfer Holdings	$0.00	0.51%	$709,225.04
102	RCMCX	Health Care	Life Sciences Tools & Services	BioLife Solutions	$0.00	0.51%	$704,677.40
103	RCMCX	Health Care	Health Care Equipment & Supplies	Zynex	$0.00	0.46%	$641,582.42
104	RCMCX	Industrials	Professional Services	TrueBlue	$0.00	0.46%	$641,024.00
105	RCMCX	Information Technology	Semiconductors & Semiconductor Equipment	Kopin Corporation	$0.00	0.46%	$633,994.20
106	RCMCX	Information Technology	Electronic Equipment, Instruments & Components	Luna Innovations	$0.00	0.45%	$623,795.56
107	RCMCX	Health Care	Biotechnology	MeiraGTx Holdings	$0.00	0.45%	$619,813.77
108	RCMCX	Information Technology	Semiconductors & Semiconductor Equipment	Aehr Test Systems	$0.00	0.44%	$610,997.60
109	RCMCX	Information Technology	Semiconductors & Semiconductor Equipment	Amtech Systems	$0.00	0.42%	$583,841.79
110	RCMCX	Information Technology	Communications Equipment	Genasys	$0.00	0.42%	$578,898.57
111	RCMCX	Consumer Discretionary	Hotels, Restaurants & Leisure	Century Casinos	$0.00	0.41%	$563,064.60
112	RCMCX	Information Technology	Electronic Equipment, Instruments & Components	LightPath Technologies Cl. A	$0.00	0.38%	$529,506.00
113	RCMCX	Industrials	Construction & Engineering	Construction Partners Cl. A	$0.00	0.33%	$462,507.55
114	RCMCX	Health Care	Health Care Equipment & Supplies	Apyx Medical	$0.00	0.25%	$350,632.48
115	RCMCX	Industrials	Aerospace & Defense	CPI Aerostructures	$0.00	0.24%	$335,974.86
116	RCMCX	Information Technology	Electronic Equipment, Instruments & Components	SmartRent Cl. A	$0.00	0.21%	$293,414.44
117	RCMCX	Communication Services	Interactive Media & Services	DHI Group	$0.00	0.17%	$237,484.05
118	RCMCX	Information Technology	Communications Equipment	Comtech Telecommunications	$0.00	0.17%	$234,687.46
119	RCMCX	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Fossil Group	$0.00	0.14%	$189,006.00
120	RCMCX	Communication Services	Media	Entravision Communications Cl. A	$0.00	0.11%	$156,260.84
121	RCMCX	Financials	Banks	Territorial Bancorp	$0.00	0.09%	$121,585.10
122	RCMCX	Information Technology	Electronic Equipment, Instruments & Components	VIA optronics ADR	$0.00	0.07%	$91,845.40
123	RCMCX	Information Technology	Communications Equipment	EMCORE Corporation	$0.00	0.02%	$27,636.57
124	RCMCX	Financials	Banks	Midway Investments	$0.00	0.00%	$0.00

Important Disclosure Information

Royce Capital Fund - Micro-Cap Portfolio

Holdings as of: 03/31/24

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