Royce & Associates, Inc.
New York, October 16, 2006 --
* Invests in a limited number of small-cap companies using a value approach
* Average weekly trading volume of approximately 157,000 shares
* Fund's adviser has more than 30 years of small- and micro-cap investment experience
Closing Prices -- September 30, 2006
NAV $9.79
MKT $10.20
Total Return Performance
Periods ended September 31, 2006 NAV MKT
1 Month* -2.38% -0.92%
Year to Date* 4.11 11.09
One-Year 10.33 17.41
Three-Year Average Annual 21.08 26.34
Five-Year Average Annual 20.64 26.15
From Inception (11/1/96**) Average Annual 13.46 16.11
*Not Annualized
**Royce and Associates, LLC assumed investment management responsibilities
for the Fund on 11/1/96.
Portfolio Diagnostics
Wtd. Average Market Cap $1,586 million
Wtd. Average P/E Ratio: 11.5x*
Wtd. Average P/B Ratio: 1.9x
Wtd. Average Yield: 1.5%
Net Assets Attributable to Common Stock: $156 million
Net Leverage: 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. New Zealand Government Bond 6.0% 4.4%
2. Athena Neurosciences Finance 4.1
3. Canadian Government Bond 3.0% 3.7
4. IPSCO 3.5
5. Florida Rock Industries 3.2
6. Knight Capital Group Cl. A 3.1
7. Foundry Networks 2.9
8. Simpson Manufacturing 2.8
9. Harris Steel Group 2.6
10. Lincoln Electric Holdings 2.6
Top Five Industries % of Net Assets
1. Industrial Products 24%
2. Natural Resources 20
3. Technology 10
4. Consumer Products 6
5. Health 6
|
Recent Developments
Royce Focus Trust, Inc. (FUND) paid a quarterly distribution of $0.13 per share on its Common Stock on September 25, 2006, to stockholders of record at the close of business on September 6, 2006 (ex-dividend on September 1, 2006). The price of shares issued for reinvestment was $9.90.
Royce Focus Trust, Inc. 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, on September 25, 2006 to stockholders of record at the close of business on September 6, 2006 (ex-dividend September 1, 2006).
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 as least 75% of its assets in equity securities.
Click for more information on Royce & Associates, Inc. or other Closed-End Funds
|
©1999-2008 Closed-End Fund Association, Inc. All Rights Reserved
 | | Powered by a SySys® data & content management system. Click here to learn more. |
|
|