NEW YORK, May 14, 2012 (BUSINESS WIRE) -- --Average weekly trading volume of approximately 194,000 shares
--Fund's adviser has more than 35 years of small- and micro-cap investment experience
Royce Focus Trust FUND -0.73% as of April 30, 2012:
Closing Prices -- April 30, 2012
NAV $ 7.81
MKT $ 6.77
Total Return Performance
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Periods ended April 30, 2012 NAV MKT
------ ------
1 Month* -3.10% -2.73%
Year to Date* 7.57 8.92
One-Year -13.11 -14.88
Three-Year Average Annual 18.54 13.70
Five-Year Average Annual 0.51 -3.35
Ten-Year Average Annual 9.35 8.94
*Not Annualized
Portfolio Diagnostics
Wtd. Average Geometric Market Cap $5238 million
Wtd. Average P/E Ratio: 13.2x*
Wtd. Average P/B Ratio: 1.8x*
Net Assets Applicable to Common Stock: $186 million
Net Leverage: 1.0%
*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. 3.4%
2. Berkshire Hathaway Inc. Cl. B 3.2
3. Western Digital Corp. 3.1
4. Buckle (The) 3.0
5. Analog Devices 3.0
6. Franklin Resources 2.7
7. Exxon Mobil Corp. 2.6
8. Mosaic Company (The) 2.4
9. Allied Nevada Gold 2.4
10. Kennedy Wilson-Holdings 2.3
Top Five Sectors % of Net Assets
------------------------- ---------------
1. Information Technology 21%
2. Materials 19
3. Consumer Discretionary 16
4. Industrials 11
5. Financials 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) 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.