Royce Focus Trust (NASDAQ: FUND) as of December 31, 2012

  • Invests in a limited number of companies using a value approach
  • Average weekly trading volume of approximately 194,000 shares
  • Fund’s adviser has more than 35 years of investment experience

NEW YORK--()--Royce Focus Trust, Inc. (NASDAQ: FUND):

Closing Prices – December 31, 2012

NAV       $7.66
MKT $6.60
 
 

Total Return Performance

           

Periods ended December 31, 2012

NAV

MKT

 
1 Month* 2.85% 0.30%
Year to Date* 11.42 12.14
One-Year 11.42 12.14
Three-Year Average Annual 6.69 5.78
Five-Year Average Annual 1.38 -1.70
Ten-Year Average Annual 12.19 11.87
 
*Not Annualized
 
 

Portfolio Diagnostics

       
 
Wtd. Average Geometric Market Cap $5492 million
Wtd. Average P/E Ratio: 14.1x*
Wtd. Average P/B Ratio: 1.8x*
Net Assets: $164 million
 

*The Funds’ P/E ratio calculations exclude companies with zero or negative earnings.

 

Portfolio Composition

 

Top 10 Positions

       

% of Net Assets

 
1. Western Digital Corp. 3.9%
2. Analog Devices 3.3
3. Berkshire Hathaway Cl. B 3.3
4. Microsoft 3.3
5. Mosaic Company (The) 3.1
6. Franklin Resources 3.1
7. Helmerich & Payne 2.9
8. Exxon Mobil 2.9
9. Buckle (The) 2.7
10. Apple 2.6
 
 

Top Five Sectors

% of Net Assets

1. Materials 30%
2. Information Technology 18
3. Financials 16
4. Energy 13
5. Consumer Discretionary 8
 

Recent Developments

Royce Focus Trust, Inc. (Nasdaq - FUND) declared a distribution of $0.17 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 December 24, 2012 to stockholders of record at the close of business on December 6, 2012 (ex-dividend on December 4, 2012). The price of shares issued for reinvestment on December 13, 2012 was $6.59.

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.

Contacts

Royce Focus Trust, Inc.
John D. Diederich, 212-355-7311

Sharing

Contacts

Royce Focus Trust, Inc.
John D. Diederich, 212-355-7311