Business & Finance
Business and Finance
Business and Finance
Wed, June 23, 2010
Tue, June 22, 2010 
NEW YORK--([ BUSINESS WIRE ])--Royce Focus Trust (NASDAQ: FUND):
| Closing Prices a" May 31, 2010 | ||||||
| NAV $7.09 | ||||||
| MKT $6.20 | ||||||
| Total Return Performance | ||||||
| Periods ended May 31, 2010 | NAV | MKT | ||||
| 1 Month* | -7.56 | % | -10.14 | % | ||
| Year to Date* | -0.98 | -2.05 | ||||
| One-Year | 24.60 | 20.39 | ||||
| Three-Year Average Annual | -6.06 | -11.22 | ||||
| Five-Year Average Annual | 6.88 | 4.50 | ||||
| Ten-Year Average Annual | 11.28 | 11.90 | ||||
*Not Annualized
| Portfolio Diagnostics | ||
| Wtd. Average Geometric Market Cap | $2421 million | |
| Wtd. Average P/E Ratio: | 11.0x* | |
| Wtd. Average P/B Ratio: | 1.8x | |
| Net Assets Attributable to Common Stock: | $165 million | |
| Net Leverage: | 1% |
*The Fundsa™ 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. Berkshire-Hathaway, Inc. | 4.0 | % | |
| 2. Seabridge Gold | 3.7 | ||
| 3. Sanderson Farms | 3.3 | ||
| 4. Kennedy Wilson Holdings | 3.1 | ||
| 5. Buckle(The) | 3.0 | ||
| 6. GrafTech International | 3.0 | ||
| 7. Reliance Steel & Aluminum | 2.9 | ||
| 8. Schnitzer Steel Industries Cl. A | 2.7 | ||
| 9. Mosaic Company (The) | 2.6 | ||
| 10. ENSCO International ADR | 2.4 | ||
| Top Five Industries | % of Net Assets | ||
| 1. Natural Resources | 28 | % | |
| 2. Industrial Products | 21 | ||
| 3. Financial Services | 11 | ||
| 4. Consumer Products | 9 | ||
| 5. Industrial Services | 9 | ||
Recent Developments
Royce Focus Trust, Inc. has declared 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 is to be paid on June 23, 2010 to stockholders of record at the close of business on June 7, 2010 (ex-dividend June 3, 2010).
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 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 ].
