(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 -- August 31, 2009
NAV $ 6.11
MKT $ 5.41
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Total Return Performance
Periods ended August 31, 2009 NAV MKT
1 Month* 0.99% -0.55%
Year to Date* 31.38 20.37
One-Year -23.29 -34.55
Three-Year Average Annual -2.86 -7.38
Five-Year Average Annual 6.26 4.37
Ten-Year Average Annual 10.20 10.72
*Not Annualized
Portfolio Diagnostics
Wtd. Average Market Cap $13778 million
Wtd. Average P/E Ratio: 15.0x*
Wtd. Average P/B Ratio: 2.0x
Wtd. Average Portfolio Yield: 1.5%
Net Assets Attributable to Common Stock: $146 million
Net Leverage: 0%
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*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. 5.9%
2. Unit Corp.