Royce Focus Trust (NASDAQ:FUND):
Closing Prices – June 30, 2012 | |||
| NAV | $7.14 | ||
| MKT | $6.28 | ||
Total Return Performance | ||||||||||||
Periods ended June 30, 2012 | NAV | MKT | ||||||||||
| 1 Month* | 3.20% | 2.59% | ||||||||||
| Year to Date* | -0.07 | 2.66 | ||||||||||
| One-Year | -13.77 | -14.13 | ||||||||||
| Three-Year Average Annual | 12.55 | 9.67 | ||||||||||
| Five-Year Average Annual | -1.45 | -4.44 | ||||||||||
| Ten-Year Average Annual | 9.46 | 8.77 | ||||||||||
| *Not Annualized | ||||||||||||
Portfolio Diagnostics | ||||
| Wtd. Average Geometric Market Cap | $5043 million | |||
| Wtd. Average P/E Ratio: | 12.0x* | |||
| Wtd. Average P/B Ratio: | 1.7x* | |||
| Net Assets Applicable to Common Stock: | $174 million | |||
| Net Leverage: | 0.0% | |||
*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. | Berkshire Hathaway Inc. Cl. B | 4.2% | |||||
| 2. | Microsoft Corp | 4.1 | |||||
| 3. | Analog Devices | 3.6 | |||||
| 4. | Buckle (The) | 3.2 | |||||
| 5. | Exxon Mobil Corp. | 3.2 | |||||
| 6. | Mosaic Company (The) | 3.1 | |||||
| 7. | Western Digital | 3.1 | |||||
| 8. | Franklin Resources | 3.0 | |||||
| 9. | Allied Nevada Gold | 2.9 | |||||
| 10. | MKS Instruments | 2.5 | |||||
Top Five Sectors | % of Net Assets | ||||||
| 1. | Materials | 31% | |||||
| 2. | Financials | 19 | |||||
| 3. | Information Technology | 19 | |||||
| 4. | Energy | 12 | |||||
| 5. | Industrials | 7 | |||||
Recent Developments
Royce Focus Trust, Inc. (Nasdaq - FUND) paid a quarterly distribution of $0.10 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 June 25, 2012 to stockholders of record at the close of business on June 6, 2012 (ex-dividend on June 4, 2012). The price of shares issued for reinvestment was $6.20.
Royce Focus Trust, Inc. paid 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 was paid on June 25, 2012 to stockholders of record at the close of business on June 6, 2012 (ex-dividend June 4, 2012).
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 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.
John D. Diederich, 212-355-7311