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: 09/30/24

Download Holdings

#	Ticker	Asset Type	Sector	Industry	Name	Shares/ Principal	Price	% of Assets	Market Value
1		Repurchase Agreement			Fixed Income Clearing Corporation	2259168	$100.00	1.68%	$2,259,167.59
2	CDNA	Common Stock	Health Care	Biotechnology	CareDx	55712	$31.23	1.29%	$1,739,607.20
3	AORT	Common Stock	Health Care	Health Care Equipment & Supplies	Artivion	64144	$26.62	1.27%	$1,707,513.28
4	NWPX	Common Stock	Industrials	Construction & Engineering	Northwest Pipe	37523	$45.13	1.26%	$1,693,412.99
5	DSGR	Common Stock	Industrials	Trading Companies & Distributors	Distribution Solutions Group	43568	$38.51	1.25%	$1,677,803.68
6	GHM	Common Stock	Industrials	Machinery	Graham Corporation	56650	$29.59	1.25%	$1,676,273.50
7	QNST	Common Stock	Communication Services	Interactive Media & Services	QuinStreet	87034	$19.13	1.24%	$1,664,960.42
8	CRAI	Common Stock	Industrials	Professional Services	CRA International	9456	$175.32	1.23%	$1,657,825.92
9	SCVL	Common Stock	Consumer Discretionary	Specialty Retail	Shoe Carnival	37057	$43.85	1.21%	$1,624,949.45
10	VSEC	Common Stock	Industrials	Commercial Services & Supplies	VSE Corporation	19320	$82.73	1.19%	$1,598,343.60
11	PAR	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	PAR Technology	30476	$52.08	1.18%	$1,587,190.08
12	TRNS	Common Stock	Industrials	Trading Companies & Distributors	Transcat	13094	$120.77	1.18%	$1,581,362.38
13	IESC	Common Stock	Industrials	Construction & Engineering	IES Holdings	7887	$199.62	1.17%	$1,574,402.94
14	CECO	Common Stock	Industrials	Commercial Services & Supplies	CECO Environmental	55530	$28.20	1.17%	$1,565,946.00
15	HTBI	Common Stock	Financials	Banks	HomeTrust Bancshares	45876	$34.08	1.16%	$1,563,454.08
16	HROW	Common Stock	Health Care	Pharmaceuticals	Harrow	34634	$44.96	1.16%	$1,557,144.64
17	AMSC	Common Stock	Industrials	Electrical Equipment	American Superconductor	65610	$23.60	1.15%	$1,548,396.00
18	CKN LN	Common Stock	Industrials	Marine Transportation	Clarkson	31114	$49.32	1.14%	$1,534,516.82
19	NR	Common Stock	Energy	Energy Equipment & Services	Newpark Resources	221300	$6.93	1.14%	$1,533,609.00
20	BCML	Common Stock	Financials	Banks	BayCom Corp.	64651	$23.72	1.14%	$1,533,521.72
21	ISTR	Common Stock	Financials	Banks	Investar Holding	78710	$19.40	1.14%	$1,526,974.00
22	HOV	Common Stock	Consumer Discretionary	Household Durables	Hovnanian Enterprises Cl. A	7387	$204.37	1.12%	$1,509,681.19
23	NGS	Common Stock	Energy	Energy Equipment & Services	Natural Gas Services Group	76829	$19.11	1.09%	$1,468,202.19
24	FARO	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	FARO Technologies	76498	$19.14	1.09%	$1,464,171.72
25	MOD	Common Stock	Consumer Discretionary	Automobile Components	Modine Manufacturing	11024	$132.79	1.09%	$1,463,876.96
26	IMAX	Common Stock	Communication Services	Entertainment	IMAX Corporation	70200	$20.51	1.07%	$1,439,802.00
27	AAOI	Common Stock	Information Technology	Communications Equipment	Applied Optoelectronics	100121	$14.31	1.07%	$1,432,731.51
28	HBT	Common Stock	Financials	Banks	HBT Financial	65451	$21.88	1.07%	$1,432,067.88
29	HONE	Common Stock	Financials	Banks	HarborOne Bancorp	108591	$12.98	1.05%	$1,409,511.18
30	SNEX	Common Stock	Financials	Capital Markets	StoneX Group	17181	$81.88	1.05%	$1,406,780.28
31	NVMI	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Nova	6752	$208.34	1.05%	$1,406,711.68
32	ACU	Common Stock	Industrials	Commercial Services & Supplies	Acme United	33682	$41.64	1.04%	$1,402,518.48
33	WNEB	Common Stock	Financials	Banks	Western New England Bancorp	161702	$8.50	1.02%	$1,374,467.00
34	LEGH	Common Stock	Consumer Discretionary	Household Durables	Legacy Housing	49900	$27.35	1.02%	$1,364,765.00
35	BELFB	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Bel Fuse Cl. B	17287	$78.51	1.01%	$1,357,202.37
36	NX	Common Stock	Industrials	Building Products	Quanex Building Products	48806	$27.75	1.01%	$1,354,366.50
37	ARLO	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Arlo Technologies	111063	$12.11	1.00%	$1,344,972.93
38	SII CN	Common Stock	Financials	Capital Markets	Sprott	30380	$43.34	0.98%	$1,316,552.77
39	PLAB	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Photronics	53036	$24.76	0.98%	$1,313,171.36
40	MDI CN	Common Stock	Materials	Metals & Mining	Major Drilling Group International	211100	$6.19	0.97%	$1,306,449.04
41	MGNI	Common Stock	Communication Services	Media	Magnite	93633	$13.85	0.96%	$1,296,817.05
42	UCTT	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Ultra Clean Holdings	32418	$39.93	0.96%	$1,294,450.74
43	MLAB	Common Stock	Health Care	Life Sciences Tools & Services	Mesa Laboratories	9920	$129.86	0.96%	$1,288,211.20
44	SPRY	Common Stock	Health Care	Biotechnology	ARS Pharmaceuticals	88576	$14.50	0.96%	$1,284,352.00
45	PRV LN	Common Stock	Industrials	Machinery	Porvair	144872	$8.83	0.95%	$1,278,751.05
46	LASR	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	nLIGHT	118093	$10.69	0.94%	$1,262,414.17
47	AGYS	Common Stock	Information Technology	Software	Agilysys	11531	$108.97	0.94%	$1,256,533.07
48	HLIT	Common Stock	Information Technology	Communications Equipment	Harmonic	85900	$14.57	0.93%	$1,251,563.00
49	DGII	Common Stock	Information Technology	Communications Equipment	Digi International	44859	$27.53	0.92%	$1,234,968.27
50	CLFD	Common Stock	Information Technology	Communications Equipment	Clearfield	31652	$38.96	0.92%	$1,233,161.92
51	SAMG	Common Stock	Financials	Capital Markets	Silvercrest Asset Management Group Cl. A	71263	$17.24	0.91%	$1,228,574.12
52	WNC	Common Stock	Industrials	Machinery	Wabash National	62838	$19.19	0.90%	$1,205,861.22
53	NVEC	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	NVE Corporation	14973	$79.87	0.89%	$1,195,893.51
54	ICHR	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Ichor Holdings	37200	$31.81	0.88%	$1,183,332.00
55	BLFS	Common Stock	Health Care	Life Sciences Tools & Services	BioLife Solutions	47176	$25.04	0.88%	$1,181,287.04
56	AIOT	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Powerfleet	235628	$5.00	0.88%	$1,178,140.00
57	LINC	Common Stock	Consumer Discretionary	Diversified Consumer Services	Lincoln Educational Services	98346	$11.94	0.87%	$1,174,251.24
58	CF CN	Common Stock	Financials	Capital Markets	Canaccord Genuity Group	175658	$6.65	0.87%	$1,167,633.13
59	ZUMZ	Common Stock	Consumer Discretionary	Specialty Retail	Zumiez	54100	$21.30	0.86%	$1,152,330.00
60	LIND	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Lindblad Expeditions Holdings	124204	$9.25	0.85%	$1,148,887.00
61	AOUT	Common Stock	Consumer Discretionary	Leisure Products	American Outdoor Brands	123777	$9.22	0.85%	$1,141,223.94
62	LXFR	Common Stock	Industrials	Machinery	Luxfer Holdings	87344	$12.95	0.84%	$1,131,104.80
63	STEL	Common Stock	Financials	Banks	Stellar Bancorp	42845	$25.89	0.83%	$1,109,257.05
64	CTRN	Common Stock	Consumer Discretionary	Specialty Retail	Citi Trends	59635	$18.37	0.82%	$1,095,494.95
65	ATRO	Common Stock	Industrials	Aerospace & Defense	Astronics Corporation	56055	$19.48	0.81%	$1,091,951.40
66	KFRC	Common Stock	Industrials	Professional Services	Kforce	17400	$61.45	0.80%	$1,069,230.00
67	CASS	Common Stock	Financials	Financial Services	Cass Information Systems	25348	$41.48	0.78%	$1,051,435.04
68	PFIE	Common Stock	Energy	Energy Equipment & Services	Profire Energy	620326	$1.68	0.78%	$1,042,147.68
69	ONEW	Common Stock	Consumer Discretionary	Specialty Retail	OneWater Marine Cl. A	43006	$23.91	0.77%	$1,028,273.46
70	SHYF	Common Stock	Industrials	Machinery	Shyft Group (The)	81905	$12.55	0.76%	$1,027,907.75
71	CVLG	Common Stock	Industrials	Ground Transportation	Covenant Logistics Group Cl. A	18773	$52.84	0.74%	$991,965.32
72	SENEA	Common Stock	Consumer Staples	Food Products	Seneca Foods Cl. A	15855	$62.33	0.74%	$988,242.15
73	VPG	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Vishay Precision Group	37926	$25.90	0.73%	$982,283.40
74	ASPN	Common Stock	Materials	Chemicals	Aspen Aerogels	35305	$27.69	0.73%	$977,595.45
75	ALOT	Common Stock	Information Technology	Technology Hardware, Storage & Peripherals	AstroNova	71761	$13.46	0.72%	$965,903.06
76	NVEE	Common Stock	Industrials	Professional Services	NV5 Global	10300	$93.48	0.72%	$962,844.00
77	PDFS	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	PDF Solutions	30100	$31.68	0.71%	$953,568.00
78	CUBI	Common Stock	Financials	Banks	Customers Bancorp	20434	$46.45	0.71%	$949,159.30
79	ALIG SS	Common Stock	Industrials	Machinery	Alimak Group	84457	$11.19	0.70%	$945,052.76
80	COHU	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Cohu	36100	$25.70	0.69%	$927,770.00
81	RGP	Common Stock	Industrials	Professional Services	Resources Connection	94854	$9.70	0.68%	$920,083.80
82	ALS CN	Common Stock	Materials	Metals & Mining	Altius Minerals	46639	$19.25	0.67%	$897,984.81
83	DVAX	Common Stock	Health Care	Biotechnology	Dynavax Technologies	80400	$11.14	0.67%	$895,656.00
84	GNSS	Common Stock	Information Technology	Communications Equipment	Genasys	247185	$3.56	0.65%	$879,978.60
85	SRI	Common Stock	Consumer Discretionary	Automobile Components	Stoneridge	77970	$11.19	0.65%	$872,484.30
86	GSM	Common Stock	Materials	Metals & Mining	Ferroglobe	176587	$4.64	0.61%	$819,363.68
87	PRN CN	Common Stock	Health Care	Health Care Equipment & Supplies	Profound Medical	100163	$7.96	0.59%	$796,890.00
88	RNGR	Common Stock	Energy	Energy Equipment & Services	Ranger Energy Services Cl. A	66723	$11.91	0.59%	$794,670.93
89	VRA	Common Stock	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Vera Bradley	145226	$5.46	0.59%	$792,933.96
90	CMT	Common Stock	Materials	Chemicals	Core Molding Technologies	44453	$17.21	0.57%	$765,036.13
91	CAMT	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Camtek	9516	$79.85	0.57%	$759,852.60
92	HBIO	Common Stock	Health Care	Life Sciences Tools & Services	Harvard Bioscience	282422	$2.69	0.57%	$759,715.18
93	IVAC	Common Stock	Information Technology	Technology Hardware, Storage & Peripherals	Intevac	222067	$3.40	0.56%	$755,027.80
94	CLMB	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Climb Global Solutions	7506	$99.54	0.56%	$747,147.24
95	BYON	Common Stock	Consumer Discretionary	Specialty Retail	Beyond	73253	$10.08	0.55%	$738,390.24
96	CTV	Common Stock	Communication Services	Media	Innovid Corp.	408410	$1.80	0.55%	$735,138.00
97	ASYS	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Amtech Systems	125369	$5.80	0.54%	$727,140.20
98	THRY	Common Stock	Communication Services	Media	Thryv Holdings	41665	$17.23	0.53%	$717,887.95
99	FRPH	Common Stock	Real Estate	Real Estate Management & Development	FRP Holdings	23909	$29.86	0.53%	$713,922.74
100	MEG	Common Stock	Industrials	Commercial Services & Supplies	Montrose Environmental Group	27068	$26.30	0.53%	$711,888.40
101	FORR	Common Stock	Industrials	Professional Services	Forrester Research	39153	$18.01	0.52%	$705,145.53
102	INTT	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	inTEST Corporation	96179	$7.30	0.52%	$702,106.70
103	BBCP	Common Stock	Industrials	Construction & Engineering	Concrete Pumping Holdings	121121	$5.79	0.52%	$701,290.59
104	AEHR	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Aehr Test Systems	52109	$12.85	0.50%	$669,600.65
105	MCFT	Common Stock	Consumer Discretionary	Leisure Products	MasterCraft Boat Holdings	36317	$18.21	0.49%	$661,332.57
106	BWMN	Common Stock	Industrials	Construction & Engineering	Bowman Consulting Group	26764	$24.08	0.48%	$644,477.12
107	ZYXI	Common Stock	Health Care	Health Care Equipment & Supplies	Zynex	76478	$8.16	0.46%	$624,060.48
108	TBI	Common Stock	Industrials	Professional Services	TrueBlue	78564	$7.89	0.46%	$619,869.96
109	PKE	Common Stock	Industrials	Aerospace & Defense	Park Aerospace	41785	$13.03	0.41%	$544,458.55
110	LGCY	Common Stock	Consumer Discretionary	Diversified Consumer Services	Legacy Education	118111	$4.60	0.40%	$543,322.41
111	VMEO	Common Stock	Communication Services	Interactive Media & Services	Vimeo	104835	$5.05	0.39%	$529,416.75
112	LPTH	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	LightPath Technologies Cl. A	383700	$1.37	0.39%	$525,669.00
113	LUNA	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Luna Innovations	219158	$2.35	0.38%	$515,021.30
114	CVU	Common Stock	Industrials	Aerospace & Defense	CPI Aerostructures	143579	$3.44	0.37%	$493,911.76
115	KOPN	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Kopin Corporation	628134	$0.73	0.34%	$458,537.82
116	CNTY	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Century Casinos	178185	$2.56	0.34%	$456,153.60
117	CCRN	Common Stock	Health Care	Health Care Providers & Services	Cross Country Healthcare	33603	$13.44	0.34%	$451,624.32
118	MGTX	Common Stock	Health Care	Biotechnology	MeiraGTx Holdings	104907	$4.17	0.33%	$437,462.19
119	CVGI	Common Stock	Industrials	Machinery	Commercial Vehicle Group	127781	$3.25	0.31%	$415,288.25
120	AXTI	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	AXT	165820	$2.42	0.30%	$401,284.40
121	APYX	Common Stock	Health Care	Health Care Equipment & Supplies	Apyx Medical	270273	$1.24	0.25%	$335,138.52
122	TTEC	Common Stock	Industrials	Professional Services	TTEC Holdings	51307	$5.87	0.22%	$301,172.09
123	DHX	Common Stock	Communication Services	Interactive Media & Services	DHI Group	155131	$1.84	0.21%	$285,441.04
124	SD	Common Stock	Energy	Oil, Gas & Consumable Fuels	SandRidge Energy	22946	$12.23	0.21%	$280,629.58
125	ALTG	Common Stock	Industrials	Trading Companies & Distributors	Alta Equipment Group	34949	$6.74	0.18%	$235,556.26
126	FFWM	Common Stock	Financials	Banks	First Foundation	30594	$6.24	0.14%	$190,906.56
127	RELL	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Richardson Electronics	4936	$12.34	0.05%	$60,910.24
128	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: 09/30/24

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