Business & Finance
Business and Finance
Business and Finance
Tue, November 16, 2010
Mon, November 15, 2010 Royce Focus Trust (NASDAQ: FUND) as of October 31, 2010
NEW YORK--([ BUSINESS WIRE ])--Royce Focus Trust (NASDAQ: FUND):
Closing Prices a" October 31, 2010 | ||||||
| NAV $7.75 | ||||||
| MKT $6.68 | ||||||
Total Return Performance | ||||||
Periods ended October 31, 2010 | NAV | MKT | ||||
| 1 Month* | 5.16% | 4.87% | ||||
| Year to Date* | 8.24 | 5.53 | ||||
| One-Year | 22.82 | 18.76 | ||||
| Three-Year Average Annual | -3.67 | -7.13 | ||||
| Five-Year Average Annual | 6.19 | 3.59 | ||||
| Ten-Year Average Annual | 10.98 | 11.31 | ||||
| *Not Annualized | ||||||
Portfolio Diagnostics | ||||||
| Wtd. Average Geometric Market Cap | $2961 million | |||||
| Wtd. Average P/E Ratio: | 14.2x* | |||||
| Wtd. Average P/B Ratio: | 1.9x | |||||
| Net Assets Applicable to Common Stock: | $178 million | |||||
| Net Leverage: | 3.3% | |||||
*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. | 4.1% | |
| 2. Mosaic Company (The) | 3.3 | |
| 3. Franklin Resources | 3.0 | |
| 4. Western Digital | 2.9 | |
| 5. Kennedy-Wilson Holdings | 2.8 | |
| 6. Graftech International | 2.7 | |
| 7. Major Drilling Group International | 2.7 | |
| 8. Seabridge Gold | 2.7 | |
| 9. Microsoft Corp. | 2.6 | |
| 10. Schnitzer Steel Industries Cl. A | 2.5 | |
Top Five Industries | % of Net Assets | |
| 1. Natural Resources | 29% | |
| 2. Industrial Products | 21 | |
| 3. Technology | 14 | |
| 4. Financial Services | 12 | |
| 5. Consumer Products | 11 | |
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 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 ].
