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 Micro-Cap Fund

Holdings as of: 03/31/24

Download Holdings

#	Ticker	Sector	Industry	Name	Price	% of Assets	Market Value
1	RYOTX	Communication Services	Interactive Media & Services	QuinStreet	$0.00	1.41%	$4,487,582.60
2	RYOTX	Industrials	Construction & Engineering	IES Holdings	$0.00	1.40%	$4,429,642.24
3	RYOTX	Industrials	Machinery	Graham Corporation	$0.00	1.39%	$4,396,581.20
4	RYOTX	Energy	Energy Equipment & Services	Natural Gas Services Group	$0.00	1.38%	$4,365,357.53
5	RYOTX	Industrials	Building Products	Quanex Building Products	$0.00	1.35%	$4,292,400.42
6	RYOTX	Consumer Discretionary	Automobile Components	Modine Manufacturing	$0.00	1.32%	$4,179,792.90
7	RYOTX	Industrials	Commercial Services & Supplies	CECO Environmental	$0.00	1.31%	$4,159,230.58
8	RYOTX	Industrials	Commercial Services & Supplies	VSE Corporation	$0.00	1.31%	$4,155,440.00
9	RYOTX	Information Technology	Semiconductors & Semiconductor Equipment	Nova	$0.00	1.29%	$4,098,187.52
10	RYOTX	Industrials	Professional Services	CRA International	$0.00	1.29%	$4,095,949.14
11	RYOTX	Industrials	Trading Companies & Distributors	Distribution Solutions Group	$0.00	1.28%	$4,053,519.04
12	RYOTX	Consumer Discretionary	Specialty Retail	Shoe Carnival	$0.00	1.26%	$4,005,558.08
13	RYOTX	Information Technology	Electronic Equipment, Instruments & Components	Arlo Technologies	$0.00	1.25%	$3,965,775.00
14	RYOTX	Industrials	Machinery	Wabash National	$0.00	1.23%	$3,892,200.00
15	RYOTX	Information Technology	Semiconductors & Semiconductor Equipment	Camtek	$0.00	1.19%	$3,790,089.88
16	RYOTX	Industrials	Trading Companies & Distributors	Transcat	$0.00	1.19%	$3,785,722.82
17	RYOTX	Industrials	Marine Transportation	Clarkson	$0.00	1.19%	$3,776,885.26
18	RYOTX	Health Care	Health Care Equipment & Supplies	Artivion	$0.00	1.17%	$3,727,439.80
19	RYOTX	Financials	Banks	Customers Bancorp	$0.00	1.15%	$3,661,140.00
20	RYOTX	Industrials	Construction & Engineering	Northwest Pipe	$0.00	1.15%	$3,649,965.96
21	RYOTX	Energy	Energy Equipment & Services	Newpark Resources	$0.00	1.15%	$3,641,768.00
22	RYOTX	Industrials	Commercial Services & Supplies	Acme United	$0.00	1.14%	$3,619,639.70
23	RYOTX	Information Technology	Semiconductors & Semiconductor Equipment	Ultra Clean Holdings	$0.00	1.12%	$3,555,250.66
24	RYOTX	Consumer Discretionary	Specialty Retail	Citi Trends	$0.00	1.11%	$3,513,769.08
25	RYOTX	Information Technology	Semiconductors & Semiconductor Equipment	Photronics	$0.00	1.09%	$3,446,657.28
26	RYOTX	Information Technology	Electronic Equipment, Instruments & Components	nLIGHT	$0.00	1.08%	$3,430,050.00
27	RYOTX	Information Technology	Electronic Equipment, Instruments & Components	PAR Technology	$0.00	1.07%	$3,402,000.00
28	RYOTX	Materials	Metals & Mining	Major Drilling Group International	$0.00	1.06%	$3,369,310.84
29	RYOTX	Information Technology	Semiconductors & Semiconductor Equipment	Ichor Holdings	$0.00	1.05%	$3,317,458.00
30	RYOTX	Information Technology	Communications Equipment	Digi International	$0.00	1.03%	$3,272,825.00
31	RYOTX	Information Technology	Semiconductors & Semiconductor Equipment	NVE Corporation	$0.00	1.03%	$3,259,375.74
32	RYOTX	Consumer Discretionary	Household Durables	Hovnanian Enterprises Cl. A	$0.00	1.01%	$3,190,276.32
33	RYOTX	Industrials	Electrical Equipment	American Superconductor	$0.00	1.00%	$3,183,266.73
34	RYOTX	Information Technology	Technology Hardware, Storage & Peripherals	AstroNova	$0.00	0.97%	$3,062,919.42
35	RYOTX	Financials	Banks	BayCom	$0.00	0.96%	$3,053,618.82
36	RYOTX	Financials	Banks	HomeTrust Bancshares	$0.00	0.96%	$3,048,410.00
37	RYOTX	Information Technology	Electronic Equipment, Instruments & Components	FARO Technologies	$0.00	0.95%	$3,020,971.95
38	RYOTX	Industrials	Professional Services	Kforce	$0.00	0.95%	$3,013,460.64
39	RYOTX	Materials	Chemicals	Aspen Aerogels	$0.00	0.95%	$3,006,801.60
40	RYOTX	Financials	Banks	Western New England Bancorp	$0.00	0.94%	$2,984,512.05
41	RYOTX	Financials	Banks	Investar Holding	$0.00	0.93%	$2,943,164.00
42	RYOTX	Information Technology	Electronic Equipment, Instruments & Components	Vishay Precision Group	$0.00	0.92%	$2,932,390.00
43	RYOTX	Financials	Banks	HBT Financial	$0.00	0.92%	$2,922,106.88
44	RYOTX	Financials	Capital Markets	StoneX Group	$0.00	0.92%	$2,913,611.94
45	RYOTX	Financials	Financial Services	Cass Information Systems	$0.00	0.91%	$2,900,604.72
46	RYOTX	Industrials	Professional Services	Resources Connection	$0.00	0.90%	$2,868,840.52
47	RYOTX	Information Technology	Semiconductors & Semiconductor Equipment	Cohu	$0.00	0.89%	$2,829,717.00
48	RYOTX	Consumer Discretionary	Automobile Components	Stoneridge	$0.00	0.89%	$2,823,164.00
49	RYOTX	Communication Services	Entertainment	IMAX Corporation	$0.00	0.86%	$2,734,347.00
50	RYOTX	Health Care	Life Sciences Tools & Services	Harvard Bioscience	$0.00	0.86%	$2,721,058.16
51	RYOTX	Information Technology	Electronic Equipment, Instruments & Components	Powerfleet NJ	$0.00	0.86%	$2,713,926.84
52	RYOTX	Financials	Capital Markets	Silvercrest Asset Management Group Cl. A	$0.00	0.85%	$2,699,921.13
53	RYOTX	Information Technology	Communications Equipment	Applied Optoelectronics	$0.00	0.85%	$2,695,950.18
54	RYOTX	Financials	Banks	HarborOne Bancorp	$0.00	0.84%	$2,678,356.98
55	RYOTX	Information Technology	Communications Equipment	Harmonic	$0.00	0.83%	$2,632,896.00
56	RYOTX	Energy	Energy Equipment & Services	Profire Energy	$0.00	0.82%	$2,598,569.20
57	RYOTX	Information Technology	Software	Agilysys	$0.00	0.82%	$2,596,977.46
58	RYOTX	Financials	Capital Markets	Sprott	$0.00	0.82%	$2,596,871.60
59	RYOTX	Industrials	Machinery	Porvair	$0.00	0.82%	$2,589,118.65
60	RYOTX	Industrials	Construction & Engineering	Concrete Pumping Holdings	$0.00	0.80%	$2,545,632.80
61	RYOTX	Consumer Discretionary	Household Durables	Legacy Housing	$0.00	0.80%	$2,538,778.96
62	RYOTX	Consumer Discretionary	Hotels, Restaurants & Leisure	Lindblad Expeditions Holdings	$0.00	0.80%	$2,522,832.00
63	RYOTX	Industrials	Aerospace & Defense	Astronics Corporation	$0.00	0.79%	$2,517,088.00
64	RYOTX	Information Technology	Semiconductors & Semiconductor Equipment	inTEST Corporation	$0.00	0.79%	$2,509,709.00
65	RYOTX	Financials	Capital Markets	Canaccord Genuity Group	$0.00	0.79%	$2,505,522.08
66	RYOTX	Materials	Metals & Mining	Universal Stainless & Alloy Products	$0.00	0.79%	$2,504,538.20
67	RYOTX	Financials	Banks	Stellar Bancorp	$0.00	0.76%	$2,420,823.72
68	RYOTX	Information Technology	Semiconductors & Semiconductor Equipment	PDF Solutions	$0.00	0.76%	$2,410,772.00
69	RYOTX	Consumer Discretionary	Specialty Retail	Beyond	$0.00	0.76%	$2,409,561.00
70	RYOTX	Information Technology	Electronic Equipment, Instruments & Components	Bel Fuse Cl. B	$0.00	0.75%	$2,392,316.77
71	RYOTX	Industrials	Professional Services	NV5 Global	$0.00	0.75%	$2,391,444.00
72	RYOTX	Health Care	Biotechnology	Dynavax Technologies	$0.00	0.75%	$2,385,202.00
73	RYOTX	Communication Services	Media	Magnite	$0.00	0.75%	$2,374,675.00
74	RYOTX	Industrials	Machinery	Shyft Group (The)	$0.00	0.73%	$2,329,035.66
75	RYOTX	Consumer Discretionary	Leisure Products	American Outdoor Brands	$0.00	0.72%	$2,292,012.80
76	RYOTX	Information Technology	Semiconductors & Semiconductor Equipment	AXT	$0.00	0.72%	$2,279,394.00
77	RYOTX	Consumer Discretionary	Diversified Consumer Services	Lincoln Educational Services	$0.00	0.71%	$2,248,954.63
78	RYOTX	Communication Services	Media	Thryv Holdings	$0.00	0.68%	$2,171,959.92
79	RYOTX	Communication Services	Media	Innovid Corp.	$0.00	0.66%	$2,094,665.19
80	RYOTX	Health Care	Biotechnology	ARS Pharmaceuticals	$0.00	0.65%	$2,075,927.28
81	RYOTX	Consumer Discretionary	Specialty Retail	OneWater Marine Cl. A	$0.00	0.65%	$2,066,744.85
82	RYOTX	Consumer Discretionary	Leisure Products	MasterCraft Boat Holdings	$0.00	0.64%	$2,023,316.00
83	RYOTX	Materials	Metals & Mining	Ferroglobe	$0.00	0.62%	$1,981,522.08
84	RYOTX	Consumer Discretionary	Specialty Retail	Zumiez	$0.00	0.61%	$1,942,801.00
85	RYOTX	Information Technology	Technology Hardware, Storage & Peripherals	Intevac	$0.00	0.61%	$1,937,771.52
86	RYOTX	Industrials	Professional Services	Forrester Research	$0.00	0.61%	$1,931,862.24
87	RYOTX	Health Care	Health Care Equipment & Supplies	Profound Medical	$0.00	0.60%	$1,916,330.84
88	RYOTX	Information Technology	Communications Equipment	Clearfield	$0.00	0.60%	$1,913,467.80
89	RYOTX	Industrials	Commercial Services & Supplies	Montrose Environmental Group	$0.00	0.60%	$1,909,341.65
90	RYOTX	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Vera Bradley	$0.00	0.60%	$1,904,680.00
91	RYOTX	Consumer Staples	Food Products	Seneca Foods Cl. A	$0.00	0.59%	$1,869,051.20
92	RYOTX	Health Care	Pharmaceuticals	Harrow	$0.00	0.58%	$1,825,951.68
93	RYOTX	Industrials	Machinery	Alimak Group	$0.00	0.58%	$1,825,597.93
94	RYOTX	Information Technology	Semiconductors & Semiconductor Equipment	Axcelis Technologies	$0.00	0.57%	$1,817,441.44
95	RYOTX	Real Estate	Real Estate Management & Development	FRP Holdings	$0.00	0.57%	$1,815,905.00
96	RYOTX	Materials	Chemicals	Core Molding Technologies	$0.00	0.56%	$1,784,985.42
97	RYOTX	Materials	Metals & Mining	Altius Minerals	$0.00	0.55%	$1,743,158.24
98	RYOTX	Energy	Energy Equipment & Services	Ranger Energy Services Cl. A	$0.00	0.55%	$1,730,497.33
99	RYOTX	Industrials	Machinery	Commercial Vehicle Group	$0.00	0.54%	$1,722,249.78
100	RYOTX	Health Care	Biotechnology	CareDx	$0.00	0.53%	$1,681,003.65
101	RYOTX	Industrials	Machinery	Luxfer Holdings	$0.00	0.51%	$1,626,420.43
102	RYOTX	Health Care	Life Sciences Tools & Services	BioLife Solutions	$0.00	0.51%	$1,615,630.80
103	RYOTX	Industrials	Professional Services	TrueBlue	$0.00	0.48%	$1,517,424.00
104	RYOTX	Health Care	Health Care Equipment & Supplies	Zynex	$0.00	0.46%	$1,468,319.00
105	RYOTX	Information Technology	Electronic Equipment, Instruments & Components	Luna Innovations	$0.00	0.46%	$1,464,249.12
106	RYOTX	Information Technology	Semiconductors & Semiconductor Equipment	Kopin Corporation	$0.00	0.46%	$1,450,935.00
107	RYOTX	Health Care	Biotechnology	MeiraGTx Holdings	$0.00	0.45%	$1,418,492.23
108	RYOTX	Information Technology	Semiconductors & Semiconductor Equipment	Aehr Test Systems	$0.00	0.44%	$1,394,888.40
109	RYOTX	Consumer Discretionary	Hotels, Restaurants & Leisure	Century Casinos	$0.00	0.43%	$1,360,332.60
110	RYOTX	Information Technology	Semiconductors & Semiconductor Equipment	Amtech Systems	$0.00	0.42%	$1,336,167.21
111	RYOTX	Information Technology	Communications Equipment	Genasys	$0.00	0.42%	$1,328,427.66
112	RYOTX	Information Technology	Electronic Equipment, Instruments & Components	LightPath Technologies Cl. A	$0.00	0.37%	$1,176,703.92
113	RYOTX	Industrials	Construction & Engineering	Construction Partners Cl. A	$0.00	0.33%	$1,058,259.05
114	RYOTX	Health Care	Health Care Equipment & Supplies	Apyx Medical	$0.00	0.25%	$804,537.92
115	RYOTX	Industrials	Aerospace & Defense	CPI Aerostructures	$0.00	0.25%	$803,064.60
116	RYOTX	Information Technology	Electronic Equipment, Instruments & Components	SmartRent Cl. A	$0.00	0.21%	$671,385.56
117	RYOTX	Communication Services	Interactive Media & Services	DHI Group	$0.00	0.17%	$543,412.65
118	RYOTX	Information Technology	Communications Equipment	Comtech Telecommunications	$0.00	0.17%	$536,942.49
119	RYOTX	Consumer Discretionary	Textiles, Apparel & Luxury Goods	Fossil Group	$0.00	0.14%	$452,268.00
120	RYOTX	Communication Services	Media	Entravision Communications Cl. A	$0.00	0.11%	$357,551.16
121	RYOTX	Financials	Banks	Territorial Bancorp	$0.00	0.09%	$278,279.56
122	RYOTX	Information Technology	Electronic Equipment, Instruments & Components	VIA optronics ADR	$0.00	0.07%	$206,867.03
123	RYOTX	Information Technology	Communications Equipment	EMCORE Corporation	$0.00	0.02%	$63,236.43
124	RYOTX	Financials	Banks	Midway Investments	$0.00	0.00%	$0.00

Important Disclosure Information

Royce Micro-Cap Fund

Holdings as of: 03/31/24

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