News Column

Royce Focus Trust (NASDAQ:FUND) as of May 31, 2014

June 23, 2014

  • Invests in a limited number of companies using a value approach
  • Average weekly trading volume of approximately 194,000 shares
  • Fundís adviser has more than 35 years of investment experience

    NEW YORK--(BUSINESS WIRE)--

    Royce Focus Trust (NASDAQ:FUND):

    Closing Prices Ė May 31, 2014

    NAV $9.20
    MKT $8.07

    Total Return Performance

    Periods ended May 31, 2014

    NAV

    MKT

    1 Month* -0.22% -0.23%
    Year to Date* 7.33 7.25
    One-Year 21.02 19.57
    Three-Year Average Annual 6.32 6.33
    Five-Year Average Annual 14.45 13.74
    Ten-Year Average Annual 9.52 8.76

    *Not Annualized

    Portfolio Diagnostics

    Wtd. Average Geometric Market Cap $6613million
    Wtd. Average P/E Ratio: 17.4x*
    Wtd. Average P/B Ratio: 2.3x*
    Net Assets: $204million

    *The Fundsí P/E ratio calculations exclude companies with zero or negative earnings.

    Portfolio Composition

    Top 10 Positions

    % of Net Assets

    1. Western Digital Corp. 4.5%
    2. Myriad Genetics 3.9
    3. Apple 3.7
    4. Franklin Resources 3.5
    5. Berkshire Hathaway Cl. B 3.1
    6. Thor Industries 3.1
    7. Exxon Mobil Corp. 3.0
    8. Cirrus Logic 2.9
    9. SanDisk Corp. 2.8
    10. Sprott 2.6

    Top Five Sectors

    % of Net Assets

    1. Materials 19%
    2. Information Technology 18
    3. Financials 16
    4. Energy 14
    5. Consumer Discretionary 9


    Recent Developments

    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). 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.




    Royce Focus Trust

    John D. Diederich, 212-355-7311


    Source: Royce Focus Trust, Inc.


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    Source: Business Wire


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