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: 06/30/26

Download Holdings

#	Ticker	Asset Type	Sector	Industry	Name	Shares/ Principal	Price	% of Assets	Market Value
1		Repurchase Agreement			Fixed Income Clearing Corporation	7806755	$100.00	5.55%	$7,806,755.43
2	UCTT	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Ultra Clean Holdings	17089	$142.59	1.73%	$2,436,720.51
3	ICHR	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Ichor Holdings	20729	$112.28	1.65%	$2,327,452.12
4	GHM	Common Stock	Industrials	Machinery	Graham Corporation	16857	$123.79	1.48%	$2,086,728.03
5	NWPX	Common Stock	Industrials	Construction & Engineering	NWPX Infrastructure	13675	$149.94	1.46%	$2,050,429.50
6	COHU	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Cohu	27235	$73.91	1.43%	$2,012,938.85
7	LINC	Common Stock	Consumer Discretionary	Diversified Consumer Services	Lincoln Educational Services	40286	$49.90	1.43%	$2,010,271.40
8	BELFB	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Bel Fuse Cl. B	5748	$333.04	1.36%	$1,914,313.92
9	EZPW	Common Stock	Financials	Consumer Finance	EZCORP Cl. A	52910	$34.57	1.30%	$1,829,098.70
10	LIND	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Lindblad Expeditions Holdings	63214	$28.24	1.27%	$1,785,163.36
11	DGII	Common Stock	Information Technology	Communications Equipment	Digi International	23243	$74.95	1.24%	$1,742,062.85
12	PKE	Common Stock	Industrials	Aerospace & Defense	Park Aerospace	44473	$38.16	1.21%	$1,697,089.68
13	RELL	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Richardson Electronics	88649	$19.01	1.20%	$1,685,217.49
14	NGS	Common Stock	Energy	Energy Equipment & Services	Natural Gas Services Group	35835	$43.14	1.10%	$1,545,921.90
15	ESTA	Common Stock	Health Care	Health Care Equipment & Supplies	Establishment Labs Holdings	17645	$85.81	1.08%	$1,514,117.45
16	VPG	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Vishay Precision Group	10045	$149.91	1.07%	$1,505,845.95
17	PENG	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Penguin Solutions	19340	$76.01	1.04%	$1,470,033.40
18	CECO	Common Stock	Industrials	Machinery	CECO Environmental	16172	$90.74	1.04%	$1,467,447.28
19	LPTH	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	LightPath Technologies Cl. A	89683	$16.35	1.04%	$1,466,317.05
20	AMN	Common Stock	Health Care	Health Care Providers & Services	AMN Healthcare Services	44674	$32.37	1.03%	$1,446,097.38
21	ADTN	Common Stock	Information Technology	Communications Equipment	ADTRAN Holdings	103868	$13.90	1.03%	$1,443,765.20
22	HPS/A CN	Common Stock	Industrials	Electrical Equipment	Hammond Power Solutions Cl. A	5859	$244.82	1.02%	$1,434,375.74
23	CVLG	Common Stock	Industrials	Ground Transportation	Covenant Logistics Group Cl. A	32230	$44.18	1.01%	$1,423,921.40
24	ALS CN	Common Stock	Materials	Metals & Mining	Altius Minerals	31762	$44.79	1.01%	$1,422,543.44
25	VNP CN	Common Stock	Materials	Chemicals	5N Plus	45501	$30.87	1.00%	$1,404,571.68
26	ISTR	Common Stock	Financials	Banks	Investar Holding	43335	$29.96	0.92%	$1,298,316.60
27	CTRN	Common Stock	Consumer Discretionary	Specialty Retail	Citi Trends	22369	$57.84	0.92%	$1,293,822.96
28	LXFR	Common Stock	Industrials	Machinery	Luxfer Holdings	71609	$18.04	0.92%	$1,291,826.36
29	NPKI	Common Stock	Industrials	Trading Companies & Distributors	NPK International	80760	$15.91	0.91%	$1,284,891.60
30	INTT	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	inTEST Corporation	70260	$18.17	0.91%	$1,276,624.20
31	TRNS	Common Stock	Industrials	Trading Companies & Distributors	Transcat	13757	$92.77	0.91%	$1,276,236.89
32	OPY	Common Stock	Financials	Capital Markets	Oppenheimer Holdings Cl. A	12004	$105.54	0.90%	$1,266,902.16
33	LASR	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	nLIGHT	18145	$69.62	0.90%	$1,263,254.90
34	NVMI	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Nova	2305	$542.94	0.89%	$1,251,476.70
35	LYTS	Common Stock	Industrials	Electrical Equipment	LSI Industries	46424	$26.58	0.88%	$1,233,949.92
36	KOPN	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Kopin Corporation	270276	$4.48	0.86%	$1,210,836.48
37	WNEB	Common Stock	Financials	Banks	Western New England Bancorp	81137	$14.30	0.82%	$1,160,259.10
38	LQDT	Common Stock	Industrials	Commercial Services & Supplies	Liquidity Services	29489	$39.12	0.82%	$1,153,609.68
39	SII CN	Common Stock	Financials	Capital Markets	Sprott	9877	$112.67	0.79%	$1,112,881.79
40	TITN	Common Stock	Industrials	Trading Companies & Distributors	Titan Machinery	52659	$21.12	0.79%	$1,112,158.08
41	AOUT	Common Stock	Consumer Discretionary	Leisure Products	American Outdoor Brands	94430	$11.74	0.79%	$1,108,608.20
42	CAMT	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Camtek	6715	$163.12	0.78%	$1,095,350.80
43	MDI CN	Common Stock	Materials	Metals & Mining	Major Drilling Group International	102097	$10.63	0.77%	$1,084,859.36
44	IGIC	Common Stock	Financials	Insurance	International General Insurance Holdings	41236	$26.17	0.77%	$1,079,146.12
45	CUBI	Common Stock	Financials	Banks	Customers Bancorp	13361	$79.10	0.75%	$1,056,855.10
46	ATRO	Common Stock	Industrials	Aerospace & Defense	Astronics Corporation	12787	$81.26	0.74%	$1,039,071.62
47	MRVI	Common Stock	Health Care	Life Sciences Tools & Services	Maravai LifeSciences Holdings Cl. A	162808	$6.24	0.72%	$1,015,921.92
48	CDNA	Common Stock	Health Care	Biotechnology	CareDx	35487	$28.50	0.72%	$1,011,379.50
49	IMAX	Common Stock	Communication Services	Entertainment	IMAX Corporation	25265	$39.86	0.72%	$1,007,062.90
50	CERT	Common Stock	Health Care	Health Care Technology	Certara	153317	$6.55	0.71%	$1,004,226.35
51	LMB	Common Stock	Industrials	Construction & Engineering	Limbach Holdings	12856	$77.00	0.70%	$989,912.00
52	MCFT	Common Stock	Consumer Discretionary	Leisure Products	MasterCraft Boat Holdings	38253	$25.82	0.70%	$987,692.46
53	WTTR	Common Stock	Energy	Energy Equipment & Services	Select Water Solutions Cl. A	49242	$19.98	0.70%	$983,855.16
54	LGCY	Common Stock	Consumer Discretionary	Diversified Consumer Services	Legacy Education	82855	$11.76	0.69%	$974,374.80
55	CF CN	Common Stock	Financials	Capital Markets	Canaccord Genuity Group	94613	$10.29	0.69%	$973,981.88
56	APYX	Common Stock	Health Care	Health Care Equipment & Supplies	Apyx Medical	215125	$4.49	0.69%	$965,911.25
57	REAL	Common Stock	Consumer Discretionary	Specialty Retail	RealReal	81614	$11.79	0.68%	$962,229.06
58	BLFS	Common Stock	Health Care	Life Sciences Tools & Services	BioLife Solutions	33706	$28.24	0.68%	$951,857.44
59	TH	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Target Hospitality	46561	$20.36	0.67%	$947,981.96
60	BBCP	Common Stock	Industrials	Construction & Engineering	Concrete Pumping Holdings	78378	$12.05	0.67%	$944,454.90
61	CLFD	Common Stock	Information Technology	Communications Equipment	Clearfield	23563	$39.79	0.67%	$937,571.77
62	ACVA	Common Stock	Industrials	Commercial Services & Supplies	ACV Auctions Cl. A	129147	$7.19	0.66%	$928,566.93
63	ACU	Common Stock	Health Care	Health Care Equipment & Supplies	Acme United	19360	$47.72	0.66%	$923,859.20
64	KFRC	Common Stock	Industrials	Professional Services	Kforce	19133	$46.92	0.64%	$897,720.36
65	LEGH	Common Stock	Consumer Discretionary	Household Durables	Legacy Housing	33555	$26.27	0.63%	$881,489.85
66	NBN	Common Stock	Financials	Banks	Northeast Bank	6472	$132.53	0.61%	$857,734.16
67	TKNO	Common Stock	Health Care	Life Sciences Tools & Services	Alpha Teknova	150230	$5.68	0.61%	$853,306.40
68	AIOT	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Powerfleet	222169	$3.83	0.60%	$850,907.27
69	CTKB	Common Stock	Health Care	Life Sciences Tools & Services	Cytek Biosciences	188830	$4.43	0.59%	$836,516.90
70	QNST	Common Stock	Communication Services	Interactive Media & Services	QuinStreet	56615	$14.65	0.59%	$829,409.75
71	CBNA	Common Stock	Financials	Banks	Chain Bridge Bancorp Cl. A	19189	$42.05	0.57%	$806,897.45
72	ONT	Common Stock	Industrials	Commercial Services & Supplies	Onterris	38854	$20.21	0.56%	$785,239.34
73	MPTI	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	M-tron Industries	7912	$99.15	0.56%	$784,474.80
74	MRTN	Common Stock	Industrials	Ground Transportation	Marten Transport	44925	$17.35	0.55%	$779,448.75
75	LGIH	Common Stock	Consumer Discretionary	Household Durables	LGI Homes	12221	$63.68	0.55%	$778,233.28
76	BCML	Common Stock	Financials	Banks	BayCom Corp.	23626	$32.90	0.55%	$777,295.40
77	RLGT	Common Stock	Industrials	Air Freight & Logistics	Radiant Logistics	82041	$9.46	0.55%	$776,107.86
78	PWP	Common Stock	Financials	Capital Markets	Perella Weinberg Partners Cl. A	47956	$15.96	0.54%	$765,377.76
79	NX	Common Stock	Industrials	Building Products	Quanex Building Products	40698	$18.62	0.54%	$757,796.76
80	FIVN	Common Stock	Information Technology	Software	Five9	35372	$21.32	0.54%	$754,131.04
81	CLMB	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Climb Global Solutions	32389	$23.21	0.53%	$751,748.69
82	PRN CN	Common Stock	Health Care	Health Care Equipment & Supplies	Profound Medical	112878	$6.65	0.53%	$750,530.26
83	AMPL	Common Stock	Information Technology	Software	Amplitude Cl. A	95968	$7.65	0.52%	$734,155.20
84	SOPH	Common Stock	Health Care	Health Care Technology	SOPHiA GENETICS	124520	$5.77	0.51%	$718,480.40
85	ESQ	Common Stock	Financials	Banks	Esquire Financial Holdings	5989	$119.11	0.51%	$713,349.79
86	HIFS	Common Stock	Financials	Banks	Hingham Institution for Savings	2322	$307.15	0.51%	$713,202.30
87	AZTA	Common Stock	Health Care	Life Sciences Tools & Services	Azenta	27644	$25.52	0.50%	$705,474.88
88	BWMN	Common Stock	Industrials	Construction & Engineering	Bowman Consulting Group	24111	$29.20	0.50%	$704,041.20
89	PD	Common Stock	Information Technology	Software	PagerDuty	72885	$9.65	0.50%	$703,340.25
90	HBT	Common Stock	Financials	Banks	HBT Financial	21758	$31.99	0.49%	$696,038.42
91	WGS	Common Stock	Health Care	Health Care Providers & Services	GeneDx Holdings Cl. A	10112	$68.65	0.49%	$694,188.80
92	HTB	Common Stock	Financials	Banks	HomeTrust Bancshares	13887	$49.89	0.49%	$692,822.43
93	TBI	Common Stock	Industrials	Professional Services	TrueBlue	98491	$6.97	0.49%	$686,482.27
94	JBI	Common Stock	Industrials	Building Products	Janus International Group	119829	$5.55	0.47%	$665,050.95
95	RNGR	Common Stock	Energy	Energy Equipment & Services	Ranger Energy Services Cl. A	41237	$16.01	0.47%	$660,204.37
96	CMT	Common Stock	Materials	Chemicals	Core Molding Technologies	27641	$23.60	0.46%	$652,327.60
97	FWRG	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	First Watch Restaurant Group	50560	$12.89	0.46%	$651,718.40
98	AMRC	Common Stock	Industrials	Construction & Engineering	Ameresco Cl. A	23046	$27.60	0.45%	$636,069.60
99	PSI CN	Common Stock	Energy	Energy Equipment & Services	Pason Systems	72779	$8.69	0.45%	$632,727.00
100	MG	Common Stock	Industrials	Professional Services	Mistras Group	35925	$17.47	0.45%	$627,609.75
101	LNN	Common Stock	Industrials	Machinery	Lindsay Corporation	5064	$123.80	0.45%	$626,923.20
102	EVI	Common Stock	Industrials	Trading Companies & Distributors	EVI Industries	41662	$14.78	0.44%	$615,764.36
103	ERII	Common Stock	Industrials	Machinery	Energy Recovery	68099	$9.02	0.44%	$614,252.98
104	NTGR	Common Stock	Information Technology	Communications Equipment	NETGEAR	25922	$23.35	0.43%	$605,278.70
105	SRI	Common Stock	Consumer Discretionary	Automobile Components	Stoneridge	81843	$7.32	0.43%	$599,090.76
106	ALTG	Common Stock	Industrials	Trading Companies & Distributors	Alta Equipment Group	91429	$6.47	0.42%	$591,545.63
107	ONEW	Common Stock	Consumer Discretionary	Specialty Retail	OneWater Marine Cl. A	52043	$11.27	0.42%	$586,524.61
108	FOXF	Common Stock	Consumer Discretionary	Automobile Components	Fox Factory Holding Corp.	34370	$16.95	0.41%	$582,399.65
109	JILL	Common Stock	Consumer Discretionary	Specialty Retail	J.Jill	36393	$15.87	0.41%	$577,556.91
110	ANGO	Common Stock	Health Care	Health Care Equipment & Supplies	AngioDynamics	44184	$13.01	0.41%	$574,833.84
111	ASUR	Common Stock	Industrials	Professional Services	Asure Software	70522	$7.94	0.40%	$559,944.68
112	MGNI	Common Stock	Communication Services	Media	Magnite	29416	$18.98	0.40%	$558,315.68
113	REPX	Common Stock	Energy	Oil, Gas & Consumable Fuels	Riley Exploration Permian	16418	$32.96	0.38%	$541,137.28
114	AMSC	Common Stock	Industrials	Electrical Equipment	American Superconductor	12925	$41.51	0.38%	$536,516.75
115	MLAB	Common Stock	Health Care	Life Sciences Tools & Services	Mesa Laboratories	5327	$99.55	0.38%	$530,302.85
116	CVU	Common Stock	Industrials	Aerospace & Defense	CPI Aerostructures	100135	$5.19	0.37%	$519,700.65
117	ARLO	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Arlo Technologies	38221	$13.48	0.37%	$515,219.08
118	ORIC	Common Stock	Health Care	Biotechnology	ORIC Pharmaceuticals	46835	$10.83	0.36%	$507,223.05
119	SD	Common Stock	Energy	Oil, Gas & Consumable Fuels	SandRidge Energy	36907	$13.70	0.36%	$505,625.90
120	WNC	Common Stock	Industrials	Machinery	Wabash National	36977	$13.50	0.35%	$499,189.50
121	METC	Common Stock	Materials	Metals & Mining	Ramaco Resources Cl. A	37506	$13.23	0.35%	$496,204.38
122	PPIH	Common Stock	Industrials	Machinery	Perma-Pipe International Holdings	17875	$27.23	0.35%	$486,736.25
123	AAOI	Common Stock	Information Technology	Communications Equipment	Applied Optoelectronics	3151	$148.16	0.33%	$466,852.16
124	ABSI	Common Stock	Health Care	Biotechnology	Absci Corporation	40278	$11.59	0.33%	$466,822.02
125	MMI	Common Stock	Real Estate	Real Estate Management & Development	Marcus & Millichap	14904	$31.17	0.33%	$464,557.68
126	HOV	Common Stock	Consumer Discretionary	Household Durables	Hovnanian Enterprises Cl. A	3250	$142.41	0.33%	$462,832.50
127	TWI	Common Stock	Industrials	Machinery	Titan International	59457	$7.71	0.33%	$458,413.47
128	AORT	Common Stock	Health Care	Health Care Equipment & Supplies	Artivion	20208	$22.47	0.32%	$454,073.76
129	VRA	Common Stock	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Vera Bradley	116673	$3.89	0.32%	$453,857.97
130	AOSL	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Alpha and Omega Semiconductor	9567	$47.33	0.32%	$452,806.11
131	LAKE	Common Stock	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Lakeland Industries	41031	$10.69	0.31%	$438,621.39
132	GSM	Common Stock	Materials	Metals & Mining	Ferroglobe	136080	$3.18	0.31%	$432,734.40
133	BBBY	Common Stock	Consumer Discretionary	Specialty Retail	Bed Bath & Beyond	74072	$5.79	0.30%	$428,876.88
134	CCB	Common Stock	Financials	Banks	Coastal Financial	5397	$77.51	0.30%	$418,321.47
135	RBBN	Common Stock	Information Technology	Communications Equipment	Ribbon Communications	177780	$2.34	0.30%	$416,005.20
136	ALKT	Common Stock	Information Technology	Software	Alkami Technology	22314	$18.12	0.29%	$404,329.68
137	AIF CN	Common Stock	Real Estate	Real Estate Management & Development	Altus Group	12408	$31.77	0.28%	$394,221.39
138	DSGR	Common Stock	Industrials	Trading Companies & Distributors	Distribution Solutions Group	14359	$27.35	0.28%	$392,718.65
139	DHX	Common Stock	Communication Services	Interactive Media & Services	DHI Group	101287	$3.71	0.27%	$375,774.77
140	KURA	Common Stock	Health Care	Biotechnology	Kura Oncology	33090	$10.97	0.26%	$362,997.30
141	AEBI	Common Stock	Industrials	Machinery	Aebi Schmidt Holding	27692	$12.55	0.25%	$347,534.60
142	MDRX!	Common Stock	Health Care	Health Care Technology	Veradigm	67843	$5.09	0.25%	$345,320.87
143	LAB	Common Stock	Health Care	Life Sciences Tools & Services	Standard BioTools	406372	$0.82	0.24%	$334,322.24
144	AEHR	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Aehr Test Systems	3458	$96.06	0.24%	$332,175.48
145	CMPX	Common Stock	Health Care	Biotechnology	Compass Therapeutics	123427	$2.19	0.19%	$270,305.13
146	CVGI	Common Stock	Industrials	Machinery	Commercial Vehicle Group	56900	$4.62	0.19%	$262,878.00
147	WPRT	Common Stock	Industrials	Machinery	Westport Fuel Systems	103911	$2.26	0.17%	$234,838.86
148	BBOT	Common Stock	Health Care	Biotechnology	BridgeBio Oncology Therapeutics	28976	$7.62	0.16%	$220,797.12
149	AFM CN	Common Stock	Materials	Metals & Mining	Alphamin Resources	209282	$1.05	0.16%	$219,869.68
150	CNTY	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Century Casinos	149217	$1.28	0.14%	$190,997.76
151	PNG CN	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Kraken Robotics	36423	$4.47	0.12%	$162,821.66
152	SAMG	Common Stock	Financials	Capital Markets	Silvercrest Asset Management Group Cl. A	14075	$10.11	0.10%	$142,298.25
153	ALIT	Common Stock	Industrials	Professional Services	Alight Cl. A	249104	$0.56	0.10%	$139,498.24
154	SMRT	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	SmartRent Cl. A	59028	$1.19	0.05%	$70,243.32
155	ATROB!	Common Stock	Industrials	Aerospace & Defense	Astronics Corporation Cl. B	714	$80.00	0.04%	$57,120.00
156	RMIX	Common Stock	Materials	Construction Materials	Suncrete Cl. A	2391	$22.53	0.04%	$53,869.23
157	ZVRA	Common Stock	Health Care	Pharmaceuticals	Zevra Therapeutics	2391	$14.34	0.02%	$34,286.94
158	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: 06/30/26

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