NEW YORK--(BUSINESS WIRE)--Royce Focus Trust (Nasdaq: FUND):
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Closing Prices – June 30, 2011 |
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| NAV | $8.82 | ||
| MKT | $7.79 | ||
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Total Return Performance |
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Periods ended June 30, 2011 |
NAV |
MKT |
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| 1 Month* | -2.73% | -2.04% | ||||||||
| Year to Date* | 3.71 | 5.51 | ||||||||
| One-Year | 37.02 | 39.15 | ||||||||
| Three-Year Average Annual | 2.98 | -1.17 | ||||||||
| Five-Year Average Annual | 6.03 | 3.52 | ||||||||
| Ten-Year Average Annual | 11.02 | 11.62 | ||||||||
*Not Annualized
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Portfolio Diagnostics |
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| Wtd. Average Geometric Market Cap | $4107 million | |
| Wtd. Average P/E Ratio: | 13.3x* | |
| Wtd. Average P/B Ratio: | 2.0x* | |
| Net Assets Applicable to Common Stock: | $202 million | |
| Net Leverage: | 1.3% | |
*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.
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Portfolio Composition |
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Top 10 Positions |
% of Net Assets |
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| 1. Franklin Resources | 3.3% | |
| 2. Western Digital | 3.3 | |
| 3. Berkshire Hathaway Cl. B | 3.3 | |
| 4. Allied Nevada Gold | 3.2 | |
| 5. Analog Devices | 3.1 | |
| 6. GameStop Corp. Cl. A | 2.9 | |
| 7. Microsoft Corp. | 2.9 | |
| 8. Trican Well Service | 2.9 | |
| 9. Buckle (The) | 2.9 | |
| 10. Seabridge Gold | 2.5 | |
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Top Five Sectors |
% of Net Assets |
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| 1. Materials | 26% | |
| 2. Financials | 21 | |
| 3. Information Technology | 18 | |
| 4. Energy | 13 | |
| 5. Industrials | 9 | |
Recent Developments
Royce Focus Trust (Nasdaq: FUND) resumed a quarterly distribution policy for Common Stockholders, beginning in March 2011, at the annual rate of 5%.
Royce Focus Trust, Inc. (Nasdaq - FUND) paid 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, was paid on June 23, 2011 to stockholders of record at the close of business on June 6, 2011 (ex-dividend on June 2, 2011). The price of shares issued for reinvestment was determined on June 13, 2011.
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. The dividend was paid on June 23, 2011 to stockholders of record at the close of business on June 6, 2011 (ex-dividend June 2, 2011).
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.
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.