Royce Focus Trust (NASDAQ: FUND):
Closing Prices – June 30, 2014
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Total Return Performance
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Periods ended June 30, 2014
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NAV
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MKT
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1 Month*
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5.04
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%
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7.21
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%
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Year to Date*
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12.74
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14.97
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One-Year
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31.56
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29.09
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Three-Year Average Annual
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9.08
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9.57
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Five-Year Average Annual
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16.50
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15.11
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Ten-Year Average Annual
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9.59
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9.58
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*Not Annualized
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Portfolio Diagnostics
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Wtd. Average Geometric Market Cap
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$6634million
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Wtd. Average P/E Ratio:
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18.1x*
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Wtd. Average P/B Ratio:
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2.4x*
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Net Assets:
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$214million
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*The Funds’ P/E ratio calculations exclude companies with zero or
negative earnings.
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Portfolio Composition
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Top 10 Positions
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% of Net Assets
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1. Western Digital Corp.
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4.5%
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2. Myriad Genetics
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4.4
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3. Apple
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3.7
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4. Franklin Resources
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3.5
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5. Berkshire Hathaway Cl. B
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3.0
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6. SanDisk Corp.
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2.9
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7. Cirrus Logic
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2.9
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8. Exxon Mobil
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2.8
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9. Thor Industries
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2.8
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10. Kennedy-Wilson Holdings
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2.6
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Top Five Sectors
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% of Net Assets
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1. Materials
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21%
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2. Information Technology
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18
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3. Financials
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17
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4. Energy
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13
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5. Consumer Discretionary
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8
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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.
Copyright Business Wire 2014