(Source: Business Wire)
Royce Focus Trust, Inc.
Invests in a limited number of small-cap companies using a value approach
Average weekly trading volume of approximately 194,000 shares
Fund's adviser has more than 30 years of small- and micro-cap investment experience
Closing Prices -- May 31, 2009 NAV $5.69 MKT $5.15 -------------------------------------------------------------------------------
Total Return Performance Periods ended May 31, 2009 NAV MKT 1 Month* 12 .90% 4 .04% Year to Date* 22 .35 14 .59 One-Year -34 .90 -42 .77 Three-Year Average Annual -5 .77 -9 .47 Five-Year Average Annual 4 .80 4 .00 Ten-Year Average Annual 10 .18 10 .59 *Not Annualized -------------------------------------------------------------------------------
Portfolio Diagnostics Wtd. Average Market Cap $9733 million Wtd. Average P/E Ratio: 11.6x* Wtd. Average P/B Ratio: 1.8x Wtd. Average Portfolio Yield: 1.7% Net Assets Attributable to Common Stock: $138 million Net Leverage: 0% -------------------------------------------------------------------------------
*The Funds' P/E ratio calculations exclude companies with zero or negative earnings.
Net leverage is the percentage, in excess of 100%, of the total value of equity type investments, divided by net assets, applicable to common stock.
Portfolio Composition Top 10 Positions % of Net Assets 1. Kennedy-Wilson Conv. 6.7% 2. Reliance Steel & Aluminum 3.4 3. Sims Metal Mgmt. ADR 3.3 4. Silver Standard Resources 3.2 5. Unit Corp. 3.0 6. Pan American Silver 2.9 7. Knight Capital Group Cl. A 2.7 8. Ensign Energy Services 2.7 9. Mosaic Company (The) 2.4 10.
