Royce Focus Trust (NASDAQ: FUND) as of May 31, 2013

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Royce Focus Trust (Nasdaq: FUND) as of May 31, 2013

  • 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 (NAS: FUND) :

Closing Prices - May 31, 2013

NAV   $8.02
MKT $7.12

Total Return Performance

Periods ended May 31, 2013





1 Month* 4.70 % 4.86 %
Year to Date* 6.19 9.41
One-Year 22.20 22.61
Three-Year Average Annual 9.20 9.75
Five-Year Average Annual 1.10 -1.85
Ten-Year Average Annual 11.29 10.81
*Not Annualized

Portfolio Diagnostics

Wtd. Average Geometric Market Cap       $6430 million
Wtd. Average P/E Ratio: 15.3x*
Wtd. Average P/B Ratio: 1.9x*
Net Assets: $173 million

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

Portfolio Composition


Top 10 Positions

% of Net Assets

1. Western Digital Corp. 5.1%
2. Microsoft Corp. 4.0
3. Berkshire Hathaway Inc. Cl. B 4.0
4. Franklin Resources, Inc. 3.6
5. Mosaic Company (The) 3.2
6. The Buckle, Inc. 3.1
7. Helmerich & Payne 3.0
8. Exxon Mobile Corp. 2.9
9. Myriad Genetics 2.8
10. Apple 2.6

Top Five Sectors

% of Net Assets

1. Materials 22%
2. Information Technology 19
3. Financials 19
4. Energy 13
5. Consumer Discretionary 10

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

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

KEYWORDS:   United States  North America  New York


The article Royce Focus Trust (NAS: FUND) as of May 31, 2013 originally appeared on

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