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 SMid-Cap Total Return Fund

Holdings as of: 06/30/26

Download Holdings

#	Ticker	Asset Type	Sector	Industry	Name	Shares/ Principal	Price	% of Assets	Market Value
1	MSM	Common Stock	Industrials	Trading Companies & Distributors	MSC Industrial Direct Cl. A	11175	$118.95	4.06%	$1,329,266.25
2	ANDG	Common Stock	Industrials	Professional Services	Andersen Group Cl. A	30613	$37.72	3.52%	$1,154,722.36
3	SLGN	Common Stock	Materials	Containers & Packaging	Silgan Holdings	23240	$46.39	3.29%	$1,078,103.60
4	AAP	Common Stock	Consumer Discretionary	Specialty Retail	Advance Auto Parts	17243	$62.22	3.27%	$1,072,859.46
5	AGO	Common Stock	Financials	Insurance	Assured Guaranty	13250	$80.16	3.24%	$1,062,120.00
6	FTAI	Common Stock	Industrials	Aerospace & Defense	FTAI Aviation	3870	$270.53	3.19%	$1,046,951.10
7	ASO	Common Stock	Consumer Discretionary	Specialty Retail	Academy Sports & Outdoors	21473	$47.13	3.09%	$1,012,022.49
8	KWR	Common Stock	Materials	Chemicals	Quaker Houghton	6226	$158.87	3.02%	$989,124.62
9	VNT	Common Stock	Information Technology	Electronic Equipment, Instruments & Components	Vontier Corporation	33267	$29.00	2.94%	$964,743.00
10		Repurchase Agreement			Fixed Income Clearing Corporation	948452	$100.00	2.89%	$948,451.94
11	ATR	Common Stock	Materials	Containers & Packaging	AptarGroup	7116	$125.20	2.72%	$890,923.20
12	ESI	Common Stock	Materials	Chemicals	Element Solutions	18052	$47.75	2.63%	$861,983.00
13	AER	Common Stock	Industrials	Trading Companies & Distributors	AerCap Holdings	5530	$145.78	2.46%	$806,163.40
14	UFPI	Common Stock	Industrials	Building Products	UFP Industries	8182	$90.74	2.27%	$742,434.68
15	BALL	Common Stock	Materials	Containers & Packaging	Ball Corporation	11748	$62.40	2.24%	$733,075.20
16	SEIC	Common Stock	Financials	Capital Markets	SEI Investments	8017	$87.71	2.15%	$703,171.07
17	KBR	Common Stock	Industrials	Professional Services	KBR	20131	$34.53	2.12%	$695,123.43
18	AVTR	Common Stock	Health Care	Life Sciences Tools & Services	Avantor	69798	$9.90	2.11%	$691,000.20
19	ENSG	Common Stock	Health Care	Health Care Providers & Services	Ensign Group (The)	4290	$160.30	2.10%	$687,687.00
20	GBCI	Common Stock	Financials	Banks	Glacier Bancorp	13331	$51.58	2.10%	$687,612.98
21	GABC	Common Stock	Financials	Banks	German American Bancorp	14324	$47.46	2.07%	$679,817.04
22	KLIC	Common Stock	Information Technology	Semiconductors & Semiconductor Equipment	Kulicke & Soffa Industries	5022	$133.76	2.05%	$671,742.72
23	HOMB	Common Stock	Financials	Banks	Home BancShares	23243	$28.55	2.02%	$663,587.65
24	COO	Common Stock	Health Care	Health Care Equipment & Supplies	Cooper Companies (The)	8819	$71.71	1.93%	$632,410.49
25	CBZ	Common Stock	Industrials	Professional Services	CBIZ	18721	$32.08	1.83%	$600,569.68
26	TKR	Common Stock	Industrials	Machinery	Timken Company (The)	4124	$145.32	1.83%	$599,299.68
27	CBSH	Common Stock	Financials	Banks	Commerce Bancshares	10030	$57.75	1.77%	$579,232.50
28	AIT	Common Stock	Industrials	Trading Companies & Distributors	Applied Industrial Technologies	1693	$338.15	1.75%	$572,487.95
29	WHD	Common Stock	Energy	Energy Equipment & Services	Cactus Cl. A	11100	$51.23	1.74%	$568,653.00
30	MBIN	Common Stock	Financials	Financial Services	Merchants Bancorp	10960	$50.00	1.67%	$548,000.00
31	YSWY	Common Stock	Consumer Staples	Consumer Staples Distribution & Retail	Yesway Cl. A	26662	$20.30	1.65%	$541,238.60
32	RYAN	Common Stock	Financials	Insurance	Ryan Specialty Holdings Cl. A	14271	$37.76	1.64%	$538,872.96
33	RLI	Common Stock	Financials	Insurance	RLI Corp.	8955	$59.07	1.61%	$528,971.85
34	SPX LN	Common Stock	Industrials	Machinery	Spirax Group	5771	$90.73	1.60%	$523,628.66
35	MRX	Common Stock	Financials	Capital Markets	Marex Group	8333	$60.95	1.55%	$507,896.35
36	TTC	Common Stock	Industrials	Machinery	Toro Company (The)	5052	$97.42	1.50%	$492,165.84
37	BBWI	Common Stock	Consumer Discretionary	Specialty Retail	Bath & Body Works	20588	$23.13	1.45%	$476,200.44
38	TNET	Common Stock	Industrials	Professional Services	TriNet Group	9341	$49.49	1.41%	$462,286.09
39	BOKF	Common Stock	Financials	Banks	BOK Financial	3221	$138.88	1.36%	$447,332.48
40	SFM	Common Stock	Consumer Staples	Consumer Staples Distribution & Retail	Sprouts Farmers Market	5059	$84.58	1.31%	$427,890.22
41	CLX	Common Stock	Consumer Staples	Household Products	Clorox Company	3971	$95.44	1.16%	$378,992.24
42	KNSL	Common Stock	Financials	Insurance	Kinsale Capital Group	1098	$329.81	1.10%	$362,131.38
43	SSD	Common Stock	Industrials	Building Products	Simpson Manufacturing	1722	$209.35	1.10%	$360,500.70
44	IBP	Common Stock	Consumer Discretionary	Household Durables	Installed Building Products	1456	$229.84	1.02%	$334,647.04
45	PIPR	Common Stock	Financials	Capital Markets	Piper Sandler Companies	4504	$72.34	0.99%	$325,819.36
46	MC	Common Stock	Financials	Capital Markets	Moelis & Company Cl. A	4421	$65.42	0.88%	$289,221.82
47	CBC	Common Stock	Financials	Banks	Central BanCo Cl. A	7954	$30.38	0.74%	$241,642.52
48	LECO	Common Stock	Industrials	Machinery	Lincoln Electric Holdings	909	$265.51	0.74%	$241,348.59
49	HLI	Common Stock	Financials	Capital Markets	Houlihan Lokey Cl. A	1664	$134.13	0.68%	$223,192.32
50	TREX	Common Stock	Industrials	Building Products	Trex Company	4111	$50.04	0.63%	$205,714.44
51	PSI CN	Common Stock	Energy	Energy Equipment & Services	Pason Systems	22612	$8.69	0.60%	$196,584.49
52	RNR	Common Stock	Financials	Insurance	RenaissanceRe Holdings	279	$316.90	0.27%	$88,415.10
53	TDS	Common Stock	Communication Services	Wireless Telecommunication Services	Telephone and Data Systems	2362	$37.01	0.27%	$87,417.62
54	TOWN	Common Stock	Financials	Banks	TowneBank	2297	$36.24	0.25%	$83,243.28
55	CHWY	Common Stock	Consumer Discretionary	Specialty Retail	Chewy Cl. A	3546	$19.65	0.21%	$69,678.90

Important Disclosure Information

Royce SMid-Cap Total Return Fund

Holdings as of: 06/30/26

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