Royce Focus Trust (NASDAQ: FUND):
Closing Prices – November 30, 2011
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NAV
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$7.78
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MKT
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$6.62
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Total Return Performance
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Periods ended November 30, 2011 |
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NAV
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MKT
|
| | | | | | |
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1 Month*
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-2.26
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%
| | | |
-4.75
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%
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Year to Date*
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-7.04
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-8.88
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One-Year
| | |
0.32
| | | | |
-2.80
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Three-Year Average Annual
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24.68
| | | | |
15.73
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|
Five-Year Average Annual
| | |
2.36
| | | | |
-2.36
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Ten-Year Average Annual
| | |
10.76
| | | | |
10.57
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| | | | | | |
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*Not Annualized
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Portfolio Diagnostics
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| | |
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Wtd. Average Geometric Market Cap
| | |
$4755 million
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Wtd. Average P/E Ratio:
| | |
12.7x*
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Wtd. Average P/B Ratio:
| | |
1.8x*
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Net Assets Applicable to Common Stock:
| | |
$183 million
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Net Leverage:
| | |
1.9%
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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 |
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Top 10 Positions
| | | | |
% of Net Assets
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| | | | |
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1. Berkshire Hathaway Cl. B
| | | | |
3.7%
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2. Allied Nevada Gold
| | | | |
3.6
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3. Newmont Mining
| | | | |
3.3
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4. Microsoft Corp.
| | | | |
3.3
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5. Franklin Resources
| | | | |
3.2
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6. Analog Devices
| | | | |
3.1
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7. Buckle (The)
| | | | |
3.0
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8. Mosaic Company (The)
| | | | |
2.8
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9. Exxon Mobil
| | | | |
2.8
|
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10. Western Digital
| | | | |
2.8
|
| | | | | |
| | | | |
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Top Five Sectors
| | | | |
% of Net Assets
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1. Materials
| | | | |
31%
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2. Financials
| | | | |
20
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3. Information Technology
| | | | |
16
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4. Energy
| | | | |
13
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5. Industrials
| | | | |
8
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Recent Developments
Royce Focus Trust, Inc. (Nasdaq - FUND) has declared a distribution of
$0.11 per share on its Common Stock. The distribution, optionally
payable in additional shares of Common Stock, or in cash by specific
stockholder election, is to be paid on December 23, 2011 to stockholders
of record at the close of business on December 6, 2011 (ex-dividend on
December 2, 2011). The price of shares issued for reinvestment will be
determined on December 13, 2011.
Royce Focus Trust, Inc. has declared a cash dividend of $0.375 per share
on its Cumulative Preferred Stock, based on an annual rate of 6.00% of
the initial liquidation preference of $25.00 per share. The dividend is
to be paid on December 23, 2011 to stockholders of record at the close
of business on December 6, 2011 (ex-dividend on December 2, 2011).
Royce Focus Trust (Nasdaq: FUND) resumed a quarterly distribution policy
for Common Stockholders, beginning in March 2011, at the annual rate of
5%.
Royce Focus Trust, Inc. is a closed-end diversified management
investment company whose shares of Common Stock are listed and traded on
the Nasdaq National Market (Nasdaq - FUND) and whose shares of 6.00%
Cumulative Preferred Stock are listed and traded on the NYSE (RFO.pra).
The Fund's investment goal is long-term capital growth, which it seeks
by normally investing at least 65% of its assets in equity securities.
Daily net asset values (NAVs) for Royce Focus Trust are now available on
our website and online through most ticker symbol lookup services and on
broker terminals under the symbol XFUNX. For more information, please
call The Royce Funds at (800) 221-4268 or visit our website at www.roycefunds.com.
