(Source: Business Wire)
Royce Focus Trust (NASDAQ: FUND):
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 35 years of small- and micro-cap investment experience
Closing Prices -- July 31, 2009 NAV $ 6.05 MKT $ 5.44 -------------------------------------------------------------------------------
Total Return Performance Periods ended July 31, 2009 NAV MKT 1 Month* 10.60 % 4.61 % Year to Date* 30.09 21.04 One-Year -25.19 -33.12 Three-Year Average Annual -2.24 -6.55 Five-Year Average Annual 5.87 4.86 Ten-Year Average Annual 9.91 10.85 *Not Annualized -------------------------------------------------------------------------------
Portfolio Diagnostics Wtd. Average Market Cap $13643 million Wtd. Average P/E Ratio: 14.8x* Wtd. Average P/B Ratio: 1.9x Wtd. Average Portfolio Yield: 1.5% Net Assets Attributable to Common Stock: $145 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. 6.0 % 2. Reliance Steel & Aluminum 2.8 3. Knight Capital Group Cl. A 2.8 4. Unit Corp.
