Royce Focus Trust (NASDAQ: FUND) as of October 31, 2009

Thu Nov 19, 11:13 AM

NEW YORK--(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 – October 31, 2009

NAV $6.31
MKT $5.63
 

Total Return Performance

Periods ended October 31, 2009

NAV

MKT

 
1 Month*

-5.54

%

-5.14

%

Year to Date* 35.68 25.16
One-Year 32.20 18.08
Three-Year Average Annual -2.55 -6.39
Five-Year Average Annual 5.44 2.83
Ten-Year Average Annual 11.22 11.64
 
*Not Annualized
 

Portfolio Diagnostics

 
Wtd. Average Market Cap

$1600

million

Wtd. Average P/E Ratio:

17.0

x*

Wtd. Average P/B Ratio:

2.2

x

Wtd. Average Portfolio Yield:

1.5

%

Net Assets Attributable to Common Stock:

$157

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.

6.3

%

2. Buckle (The) 2.9
3. Unit Corp. 2.8
4. Reliance Steel & Aluminum 2.6
5. Mosaic Co. (The) 2.6
6. Knight Capital Group Cl. A 2.4
7. Sanderson Farms 2.3
8. Silver Standard Resources 2.2
9. Microsoft Corp. 2.2
10. GrafTech International 2.2
 
 

Top Five Industries

% of Net Assets
1. Natural Resources

28

%

2. Industrials Products 24
3. Consumer Products 10
4. Financial Services 8
5. Technology 7

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) 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 as least 75% 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