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Royce Focus Trust (NASDAQ: FUND) as of January 31, 2009


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NEW YORK--([ BUSINESS WIRE ])--Royce Focus Trust, Inc. (Nasdaq - FUND):

Closing Prices – January 31, 2009

 
 
NAV $4.48
MKT $4.39
 

Total Return Performance

Periods ended January 31, 2009

NAV

MKT

 
1 Month* -5.88% -4.57%
Year to Date* -42.26 -43.28
One-Year -42.26 -43.28
Three-Year Average Annual -13.57 -13.41
Five-Year Average Annual -0.14 0.99
Ten-Year Average Annual 7.96 9.77

*Not Annualized

Portfolio Diagnostics

 
 
Wtd. Average Market Cap $3649 million
Wtd. Average P/E Ratio: 7.2x*
Wtd. Average P/B Ratio: 1.2x
Wtd. Average Portfolio Yield: 2.0%
Net Assets Attributable to Common Stock: $ 112 million
Net Leverage: 6%

*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. Kennedy-Wilson Conv. 7.6%
2. Pan American Silver 4.2
3. Knight Capital Group Cl. A 3.7
4. Silver Standard Resources 3.4
5. Endo Pharmaceuticals Holdings 3.1
6. Sims Group ADR 3.0
7. Gammon Gold 3.0
8. Unit Corp. 2.9
9. Ceradyne 2.6
10. Reliance Steel & Aluminum 2.5
 
 

Top Five Industries

% of Net Assets

1. Natural Resources 28%
2. Industrials Products 22
3. Technology 11
4. Consumer Products 9
5. Industrial Services 7

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) 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.

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 ].


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