Royce Focus Trust (NASDAQ: FUND) as of August 31, 2012

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Royce Focus Trust (Nasdaq: FUND) as of August 31, 2012

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

NEW YORK--(BUSINESS WIRE)-- Royce Focus Trust (Nasdaq: FUND):

Closing Prices - August 31, 2012        
 
NAV $7.53
MKT $6.53
 

Total Return Performance

Periods ended August 31, 2012

NAV

MKT

 
1 Month*4.73%2.83%
Year to Date*5.396.75
One-Year-1.95-3.53
Three-Year Average Annual10.419.65
Five-Year Average Annual0.77-2.06
Ten-Year Average Annual11.4810.61
 
*Not Annualized
 
    

Portfolio Diagnostics

 
Wtd. Average Geometric Market Cap$5337 million
Wtd. Average P/E Ratio:13.2x*
Wtd. Average P/B Ratio:1.8x*
Net Assets Applicable to Common Stock:$182 million
Net Leverage:0.0%
 

*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. Microsoft Corp.3.9%
2. Berkshire Hathaway Inc. Cl. B3.8
3. Western Digital3.7
4. Buckle (The)3.5
5. Analog Devices3.3
6. Mosaic Company (The)3.1
7. Allied Nevada Gold3.1
8. Exxon Mobil3.1
9. Franklin Resources3.0
10. Apple Inc.2.5
 

 

Top Five Sectors

% of Net Assets

1. Materials32%
2. Information Technology19
3. Financials16
4. Energy12
5. Consumer Discretionary7
 
 

Recent Developments

Royce Focus Trust, Inc. (Nasdaq - FUND) has paid a quarterly distribution of $0.09 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock, or in cash by specific stockholder election, was paid on September 24, 2012 to stockholders of record at the close of business on September 6, 2012 (ex-dividend on September 4, 2012). The price of shares issued for reinvestment determined on September 13, 2012 was $6.31.

Royce Focus Trust, Inc. has paid 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 was paid on September 24, 2012 to stockholders of record at the close of business on September 6, 2012 (ex-dividend September 4, 2012).

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.



Royce Focus Trust, Inc.
John D. Diederich, 212-355-7311

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Royce Focus Trust (NAS: FUND) as of August 31, 2012 originally appeared on Fool.com.

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