Business & Finance
Business and Finance
Business and Finance
Fri, February 20, 2009
Thu, February 19, 2009 Royce Focus Trust (NASDAQ: FUND) as of January 31, 2009
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 ].
