Royce Focus Trust (NASDAQ: FUND):
Closing Prices – March 31, 2013
NAV $7.73
MKT $6.98
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Total Return Performance
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Periods ended March 31, 2013
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NAV
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MKT
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1 Month*
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2.35%
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2.01%
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Year to Date*
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2.35
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7.26
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One-Year
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2.73
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7.42
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Three-Year Average Annual
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6.25
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6.41
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Five-Year Average Annual
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2.98
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1.44
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Ten-Year Average Annual
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13.31
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13.37
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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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$5849 million
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Wtd. Average P/E Ratio:
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14.6x*
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Wtd. Average P/B Ratio:
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1.9x*
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Net Assets:
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$166 million
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*The Funds’ P/E ratio calculations exclude companies with zero or
negative earnings.
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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4.2%
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2. Berkshire Hathaway Cl. B
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3.8
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3. Franklin Resources
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3.6
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4. Microsoft Corp.
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3.4
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5. Mosaic Company (The)
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3.2
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6. Helmerich & Payne
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3.1
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7. Exxon Mobil
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3.0
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8. Buckle (The)
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2.8
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9. Reliance Steel & Aluminum
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2.8
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10. Apple
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2.7
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Top Five Sectors
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% of Net Assets
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1. Materials
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25%
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2. Information Technology
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18
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3. Financials
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18
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4. Energy
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15
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5. Consumer Discretionary
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8
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Recent Developments
Royce Focus Trust, Inc. (Nasdaq - FUND) has declared a quarterly
distribution of $0.10 per share on its Common Stock. The distribution,
optionally payable in additional shares of Common Stock, or in cash by
specific stockholder election, is to be paid on March 25, 2013 to
stockholders of record at the close of business on March 6, 2013
(ex-dividend on March 4, 2013). The price of shares issued for
reinvestment determined on March 13, 2013 was $7.04.
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.
