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 - Small-Cap Portfolio

Holdings as of: 09/30/26

Download Holdings

#	Ticker	Asset Type	Sector	Industry	Name	Shares/ Principal	Price	% of Assets	Market Value
1	IBEX	Common Stock	Industrials	Professional Services	IBEX	120936	$43.26	3.08%	$5,231,691.36
2	SNX	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	TD SYNNEX	18193	$256.85	2.75%	$4,672,872.05
3	VLGEA	Common Stock	Consumer Staples	Consumer Staples Distribution & Retail	Village Super Market Cl. A	85633	$45.42	2.29%	$3,889,450.86
4	MHO	Common Stock	Consumer Discretionary	Household Durables	M/I Homes	26862	$135.13	2.14%	$3,629,862.06
5	TSBK	Common Stock	Financials	Banks	Timberland Bancorp	80508	$44.58	2.11%	$3,589,046.64
6	TNK	Common Stock	Energy	Oil, Gas & Consumable Fuels	Teekay Tankers Cl. A	35723	$97.06	2.04%	$3,467,274.38
7	JILL	Common Stock	Consumer Discretionary	Specialty Retail	J.Jill	142131	$24.37	2.04%	$3,463,732.47
8	TILE	Common Stock	Industrials	Commercial Services & Supplies	Interface	98980	$34.40	2.00%	$3,404,912.00
9	LEA	Common Stock	Consumer Discretionary	Automobile Components	Lear Corporation	28840	$118.03	2.00%	$3,403,985.20
10	SIG	Common Stock	Consumer Discretionary	Specialty Retail	Signet Jewelers	32657	$102.33	1.97%	$3,341,790.81
11	DBD	Common Stock	Information Technology	Technology Hardware, Storage & Peripherals	Diebold Nixdorf	54544	$61.22	1.97%	$3,339,183.68
12	GNK	Common Stock	Industrials	Marine Transportation	Genco Shipping & Trading	120533	$26.16	1.86%	$3,153,143.28
13	SANM	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Sanmina Corporation	14600	$214.91	1.85%	$3,137,686.00
14	UNTY	Common Stock	Financials	Banks	Unity Bancorp	55846	$54.22	1.78%	$3,027,970.12
15	MD	Common Stock	Health Care	Health Care Providers & Services	Pediatrix Medical Group	117522	$25.73	1.78%	$3,023,841.06
16	KFY	Common Stock	Industrials	Professional Services	Korn Ferry	42026	$71.59	1.77%	$3,008,641.34
17	PHM	Common Stock	Consumer Discretionary	Household Durables	PulteGroup	25757	$116.06	1.76%	$2,989,357.42
18	BKE	Common Stock	Consumer Discretionary	Specialty Retail	Buckle (The)	68405	$42.95	1.73%	$2,937,994.75
19	CIVB	Common Stock	Financials	Banks	Civista Bancshares	110281	$26.38	1.71%	$2,909,212.78
20	HRMY	Common Stock	Health Care	Pharmaceuticals	Harmony Biosciences Holdings	73778	$39.26	1.71%	$2,896,524.28
21	ACT	Common Stock	Financials	Financial Services	Enact Holdings	65577	$43.26	1.67%	$2,836,861.02
22	UHS	Common Stock	Health Care	Health Care Providers & Services	Universal Health Services Cl. B	16269	$174.26	1.67%	$2,835,035.94
23	GNTX	Common Stock	Consumer Discretionary	Automobile Components	Gentex Corporation	130223	$21.74	1.67%	$2,831,048.02
24	FSBW	Common Stock	Financials	Banks	FS Bancorp	64024	$43.29	1.63%	$2,771,598.96
25	MMS	Common Stock	Industrials	Professional Services	MAXIMUS	51962	$53.19	1.63%	$2,763,858.78
26	BLBD	Common Stock	Industrials	Machinery	Blue Bird	48932	$55.50	1.60%	$2,715,726.00
27	SM	Common Stock	Energy	Oil, Gas & Consumable Fuels	SM Energy	79223	$33.78	1.58%	$2,676,152.94
28	BFST	Common Stock	Financials	Banks	Business First Bancshares	87912	$30.09	1.56%	$2,645,272.08
29	EVR	Common Stock	Financials	Capital Markets	Evercore Cl. A	10245	$257.50	1.55%	$2,638,087.50
30	BPRN	Common Stock	Financials	Banks	Princeton Bancorp	60752	$42.92	1.54%	$2,607,475.84
31	VC	Common Stock	Consumer Discretionary	Automobile Components	Visteon Corporation	29842	$86.68	1.52%	$2,586,704.56
32	LRN	Common Stock	Consumer Discretionary	Diversified Consumer Services	Stride	31619	$77.98	1.45%	$2,465,649.62
33	UFCS	Common Stock	Financials	Insurance	United Fire Group	46674	$52.59	1.45%	$2,454,585.66
34	MTDR	Common Stock	Energy	Oil, Gas & Consumable Fuels	Matador Resources	46875	$51.58	1.42%	$2,417,812.50
35	GAP	Common Stock	Consumer Discretionary	Specialty Retail	Gap (The)	105504	$22.84	1.42%	$2,409,711.36
36	PLUS	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	ePlus	26546	$90.01	1.41%	$2,389,405.46
37	FRBA	Common Stock	Financials	Banks	First Bank	138255	$17.24	1.40%	$2,383,516.20
38	ASO	Common Stock	Consumer Discretionary	Specialty Retail	Academy Sports and Outdoors	48309	$48.09	1.37%	$2,323,179.81
39	DGICA	Common Stock	Financials	Insurance	Donegal Group Cl. A	130074	$17.79	1.36%	$2,314,016.46
40	ALSN	Common Stock	Industrials	Machinery	Allison Transmission Holdings	20381	$113.26	1.36%	$2,308,352.06
41	CCNE	Common Stock	Financials	Banks	CNB Financial	68195	$33.28	1.34%	$2,269,529.60
42	INVA	Common Stock	Health Care	Pharmaceuticals	Innoviva	105050	$21.21	1.31%	$2,228,110.50
43	BBT	Common Stock	Financials	Banks	Beacon Financial	78373	$27.99	1.29%	$2,193,660.27
44	CNXN	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	PC Connection	24225	$90.23	1.29%	$2,185,821.75
45	PFS	Common Stock	Financials	Banks	Provident Financial Services	98301	$22.15	1.28%	$2,177,367.15
46	BHRB	Common Stock	Financials	Banks	Burke & Herbert Financial Services	31497	$68.60	1.27%	$2,160,694.20
47	MPB	Common Stock	Financials	Banks	Mid Penn Bancorp	59763	$35.40	1.25%	$2,115,610.20
48	CHRD	Common Stock	Energy	Oil, Gas & Consumable Fuels	Chord Energy	15475	$134.07	1.22%	$2,074,733.25
49	MNR	Common Stock	Energy	Oil, Gas & Consumable Fuels	Mach Natural Resources L.P.	201933	$10.24	1.22%	$2,067,793.92
50	KTB	Common Stock	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Kontoor Brands	32531	$63.03	1.21%	$2,050,428.93
51	BYD	Common Stock	Consumer Discretionary	Hotels, Restaurants & Leisure	Boyd Gaming	30779	$66.57	1.21%	$2,048,958.03
52	WSBC	Common Stock	Financials	Banks	WesBanco	53466	$37.42	1.18%	$2,000,697.72
53	REPX	Common Stock	Energy	Oil, Gas & Consumable Fuels	Riley Exploration Permian	47617	$40.01	1.12%	$1,905,156.17
54	UPWK	Common Stock	Industrials	Professional Services	Upwork	180409	$8.16	0.87%	$1,472,137.44
55	CROX	Common Stock	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Crocs	12299	$117.31	0.85%	$1,442,795.69
56	PPC	Common Stock	Consumer Staples	Food Products	Pilgrim's Pride Corporation	52311	$27.01	0.83%	$1,412,920.11
57	BBSI	Common Stock	Industrials	Professional Services	Barrett Business Services	45012	$30.26	0.80%	$1,362,063.12
58	PRDO	Common Stock	Consumer Discretionary	Diversified Consumer Services	Perdoceo Education	43250	$30.94	0.79%	$1,338,155.00
59	PXED	Common Stock	Consumer Discretionary	Diversified Consumer Services	Phoenix Education Partners	50939	$25.43	0.76%	$1,295,378.77
60	DCOM	Common Stock	Financials	Banks	Dime Commercial Bancshares	32694	$39.42	0.76%	$1,288,797.48
61	SFD	Common Stock	Consumer Staples	Food Products	Smithfield Foods	68539	$18.72	0.76%	$1,283,050.08
62	CRMD	Common Stock	Health Care	Pharmaceuticals	CorMedix	156218	$7.70	0.71%	$1,202,878.60
63	ADEA	Common Stock	Information Technology	Software	Adeia	45242	$25.60	0.68%	$1,158,195.20
64	UVSP	Common Stock	Financials	Banks	Univest Financial	26378	$40.98	0.64%	$1,080,970.44
65	FLEX	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Flex	9339	$109.99	0.60%	$1,027,196.61
66	LARK	Common Stock	Financials	Banks	Landmark Bancorp	31047	$30.99	0.57%	$962,146.53
67	SHOE	Common Stock	Consumer Discretionary	Specialty Retail	Shoe Station Group	74673	$12.79	0.56%	$955,067.67
68	FTDR	Common Stock	Consumer Discretionary	Diversified Consumer Services	frontdoor	12936	$73.12	0.56%	$945,880.32
69	JBL	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Jabil	2496	$286.86	0.42%	$716,002.56
70		Repurchase Agreement			Fixed Income Clearing Corporation	668148	$100.00	0.39%	$668,147.68
71	KFRC	Common Stock	Industrials	Professional Services	Kforce	11474	$52.46	0.35%	$601,926.04
72	AMKR	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Amkor Technology	9437	$52.38	0.29%	$494,310.06
73	BELFB	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Bel Fuse Cl. B	1953	$244.12	0.28%	$476,766.36
74	OCFC	Common Stock	Financials	Banks	OceanFirst Financial	24521	$16.53	0.24%	$405,332.13
75	MTH	Common Stock	Consumer Discretionary	Household Durables	Meritage Homes	6329	$62.85	0.23%	$397,777.65
76	HFWA	Common Stock	Financials	Banks	Heritage Financial	13520	$27.63	0.22%	$373,557.60
77	TRST	Common Stock	Financials	Banks	TrustCo Bank Corp NY	2525	$54.29	0.08%	$137,082.25
78	STRL	Common Stock	Industrials	Construction & Engineering	Sterling Infrastructure	139	$491.78	0.04%	$68,357.42

Important Disclosure Information

Royce Capital Fund - Small-Cap Portfolio

Holdings as of: 09/30/26

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