# EDGAR Filing Document

**Accession Number:** 0000709364
**File Stem:** 0001752724-23-030754
**Filing Date:** 2023-2
**Character Count:** 44848
**Document Hash:** 67d25d8c03a9aa5511094a9ba225dfe8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-030754.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001752724-23-030754

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ROYCE FUND
- **CENTRAL INDEX KEY:** 0000709364
- **IRS NUMBER:** 133139046
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03599
- **FILM NUMBER:** 23646667

**BUSINESS ADDRESS:**
- **STREET 1:** 745 FIFTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10151
- **BUSINESS PHONE:** 2123557311

**MAIL ADDRESS:**
- **STREET 1:** 745 FIFTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10151

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYCE VALUE FUND INC
- **DATE OF NAME CHANGE:** 19851103

## Series and Classes Contracts Data

### Royce Micro-Cap Fund (Series ID: S000009506)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000025994 | Investment Class | RYOTX           |
| C000025995 | Consultant Class | RYMCX           |
| C000025996 | Service Class    | RMCFX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ROYCE FUND

- **b. Investment Company Act file number:** 811-03599

- **c. CIK number of Registrant:** 0000709364

- **d. LEI of Registrant:** 2549002ZQ3R56YQP4I31

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 745 FIFTH AVENUE

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10151

  - **Telephone number:** 212-508-4500

**Item A.2. Information about the Series.**

- **a. Name of Series:** Royce Micro-Cap Fund

- **b. EDGAR series identifier (if any):** S000009506

- **c. LEI of Series:** 254900J9PGYOBQ7HBJ73

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $293228719.67

**Total Liabilities:** $527530.71

**Net Assets:** $292701188.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000025995 | 10.32%               | 5.27%                | -4.09%               |
| Class ID C000025994 | 10.43%               | 5.45%                | -4.10%               |
| Class ID C000025996 | 10.41%               | 5.42%                | -4.09%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6638381.50             | $35122413.68                               |
| Month 2  | $-823228.85              | $16948094.41                               |
| Month 3  | $74892.57                | $-12417218.23                              |

### Schedule of Portfolio Investments

| Name                                        | Title                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Astronics Corp                              | Astronics Corp                              | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |    163500 | NS      | $1684050.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Camtek Ltd/Israel                           | Camtek Ltd/Israel                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     95900 | NS      | $2105964.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| OneWater Marine Inc                         | OneWater Marine Inc                         | CUSIP: 68280L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45600 | NS      | $1304160.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Zumiez Inc                                  | Zumiez Inc                                  | CUSIP: 989817101<br>LEI: 549300J0PDF58P6HZD25 | Long             | EC               | CORP              | US        |    103200 | NS      | $2243568.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Nova Ltd                                    | Nova Ltd                                    | CUSIP: 000000000<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | IL        |     27700 | NS      | $2262536.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Stoneridge Inc                              | Stoneridge Inc                              | CUSIP: 86183P102<br>LEI: PNBCIH9LE7WI83VJIF08 | Long             | EC               | CORP              | US        |    152600 | NS      | $3290056.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce Inc                                  | Kforce Inc                                  | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |     42732 | NS      | $2342995.56   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Vera Bradley Inc                            | Vera Bradley Inc                            | CUSIP: 92335C106<br>LEI: 52990005Q6LEJKXO7M51 | Long             | EC               | CORP              | US        |    156900 | NS      | $710757.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Profire Energy Inc                          | Profire Energy Inc                          | CUSIP: 74316X101<br>LEI: 5299000Z8I499RSMID74 | Long             | EC               | CORP              | US        |   1410332 | NS      | $1480848.60   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Western New England Bancorp Inc             | Western New England Bancorp Inc             | CUSIP: 958892101<br>LEI: 549300Y8QE4EI2LP6B42 | Long             | EC               | CORP              | US        |    409806 | NS      | $3876764.76   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp                  | FIXED INC CLEARING CORP.REPO                | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   6932693 | PA      | $6932693.00   | 2.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Cadre Holdings Inc                          | Cadre Holdings Inc                          | CUSIP: 12763L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97232 | NS      | $1958252.48   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Alimak Group AB                             | Alimak Group AB                             | CUSIP: 000000000<br>LEI: 549300LC2ER06GDV6565 | Long             | EC               | CORP              | SE        |    196200 | NS      | $1402657.44   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage-Crystal Clean Inc                  | Heritage-Crystal Clean Inc                  | CUSIP: 42726M106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124474 | NS      | $4042915.52   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Stainless & Alloy Products Inc    | Universal Stainless & Alloy Products Inc    | CUSIP: 913837100<br>LEI: 5493001OEIZDUGXZDE09 | Long             | EC               | CORP              | US        |    335000 | NS      | $2401950.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp                                    | VSE Corp                                    | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |     71000 | NS      | $3328480.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferroglobe PLC                              | Ferroglobe PLC                              | CUSIP: 000000000<br>LEI: 2138005GCFJACFTZUD90 | Long             | EC               | CORP              | GB        |    280400 | NS      | $1079540.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cutera Inc                                  | Cutera Inc                                  | CUSIP: 232109108<br>LEI: 529900NPKPEWJWR21Z42 | Long             | EC               | CORP              | US        |     55700 | NS      | $2463054.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Luxfer Holdings PLC                         | Luxfer Holdings PLC                         | CUSIP: 000000000<br>LEI: 21380045UF5SJYZOXE41 | Long             | EC               | CORP              | GB        |    162200 | NS      | $2225384.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings Inc                            | IES Holdings Inc                            | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |     59800 | NS      | $2127086.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| AtriCure Inc                                | AtriCure Inc                                | CUSIP: 04963C209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42800 | NS      | $1899464.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmonic Inc                                | Harmonic Inc                                | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Long             | EC               | CORP              | US        |    277000 | NS      | $3628700.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Harvard Bioscience Inc                      | Harvard Bioscience Inc                      | CUSIP: 416906105<br>LEI: 549300VLGB1D47GGC642 | Long             | EC               | CORP              | US        |    609952 | NS      | $1689567.04   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| DZS Inc                                     | DZS Inc                                     | CUSIP: 268211109<br>LEI: 549300JL6GXPZ9SNGD29 | Long             | EC               | CORP              | US        |    176509 | NS      | $2238134.12   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Powerfleet Inc                              | Powerfleet Inc                              | CUSIP: 73931J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    350408 | NS      | $942597.52    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| American Superconductor Corp                | American Superconductor Corp                | CUSIP: 030111207<br>LEI: 549300S9YT8Z8LOK4452 | Long             | EC               | CORP              | US        |    372200 | NS      | $1369696.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Silvercrest Asset Management Group Inc      | Silvercrest Asset Management Group Inc      | CUSIP: 828359109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    177500 | NS      | $3331675.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Resources Connection Inc                    | Resources Connection Inc                    | CUSIP: 76122Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    194652 | NS      | $3577703.76   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Porvair PLC                                 | Porvair PLC                                 | CUSIP: 000000000<br>LEI: 213800ECKHS8LAQO3C45 | Long             | EC               | CORP              | GB        |    320800 | NS      | $2389040.14   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| American Outdoor Brands Inc                 | American Outdoor Brands Inc                 | CUSIP: 02875D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    175338 | NS      | $1756886.76   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Surmodics Inc                               | Surmodics Inc                               | CUSIP: 868873100<br>LEI: 549300H76KXCAAGUS878 | Long             | EC               | CORP              | US        |     66922 | NS      | $2283378.64   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                                    | Cohu Inc                                    | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     94000 | NS      | $3012700.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Genasys Inc                                 | Genasys Inc                                 | CUSIP: 36872P103<br>LEI: 549300W0ZVKXG9NQ7D23 | Long             | EC               | CORP              | US        |    465088 | NS      | $1720825.60   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| QuinStreet Inc                              | QuinStreet Inc                              | CUSIP: 74874Q100<br>LEI: 549300TP8MFBFPOS4Y78 | Long             | EC               | CORP              | US        |    238846 | NS      | $3427440.10   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearfield Inc                              | Clearfield Inc                              | CUSIP: 18482P103<br>LEI: 529900M4S2OQ1ADPR537 | Long             | EC               | CORP              | US        |     31800 | NS      | $2993652.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Investar Holding Corp                       | Investar Holding Corp                       | CUSIP: 46134L105<br>LEI: 54930001EK2YM28LOJ08 | Long             | EC               | CORP              | US        |    178800 | NS      | $3849564.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co                     | Modine Manufacturing Co                     | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |    193300 | NS      | $3838938.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| LightPath Technologies Inc                  | LightPath Technologies Inc                  | CUSIP: 532257805<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    828984 | NS      | $1011360.48   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corp                        | Wabash National Corp                        | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |    160300 | NS      | $3622780.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| JOANN Inc                                   | JOANN Inc                                   | CUSIP: 47768J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    149400 | NS      | $425790.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                            | StoneX Group Inc                            | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |     39000 | NS      | $3716700.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc                           | Shoe Carnival Inc                           | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    112322 | NS      | $2685619.02   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCORE Corp                                 | EMCORE Corp                                 | CUSIP: 290846203<br>LEI: 529900B9OHDEWU534K08 | Long             | EC               | CORP              | US        |    396700 | NS      | $381823.75    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Distribution Solutions Group Inc            | Distribution Solutions Group Inc            | CUSIP: 520776105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71265 | NS      | $2626827.90   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| NV5 Global Inc                              | NV5 Global Inc                              | CUSIP: 62945V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26200 | NS      | $3466784.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Shyft Group Inc/The                         | Shyft Group Inc/The                         | CUSIP: 825698103<br>LEI: 549300YY0TB51BGRV994 | Long             | EC               | CORP              | US        |     93700 | NS      | $2329382.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Concrete Pumping Holdings Inc               | Concrete Pumping Holdings Inc               | CUSIP: 206704108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    293100 | NS      | $1714635.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CRA International Inc                       | CRA International Inc                       | CUSIP: 12618T105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32483 | NS      | $3976893.69   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| OrthoPediatrics Corp                        | OrthoPediatrics Corp                        | CUSIP: 68752L100<br>LEI: 5493000KUTPFGOPAT717 | Long             | EC               | CORP              | US        |     53900 | NS      | $2141447.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| NVE Corp                                    | NVE Corp                                    | CUSIP: 629445206<br>LEI: 5299003C1ATTWX8X0112 | Long             | EC               | CORP              | US        |     44216 | NS      | $2862986.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| AstroNova Inc                               | AstroNova Inc                               | CUSIP: 04638F108<br>LEI: 549300D8PFP62QX00223 | Long             | EC               | CORP              | US        |    222276 | NS      | $2849578.32   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| MeiraGTx Holdings plc                       | MeiraGTx Holdings plc                       | CUSIP: 000000000<br>LEI: 54930007YV6NYIOGFZ57 | Long             | EC               | CORP              | KY        |    222200 | NS      | $1448744.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings Inc                    | Ultra Clean Holdings Inc                    | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |     82300 | NS      | $2728245.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Profound Medical Corp                       | Profound Medical Corp                       | CUSIP: 74319B502<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    219700 | NS      | $2349524.37   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corp                                   | IMAX Corp                                   | CUSIP: 45245E109<br>LEI: 5493002KS2T1Q0X7VZ21 | Long             | EC               | CORP              | CA        |    189400 | NS      | $2776604.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| AXT Inc                                     | AXT Inc                                     | CUSIP: 00246W103<br>LEI: 549300M2142IVLVIJN37 | Long             | EC               | CORP              | US        |    467900 | NS      | $2049402.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Optoelectronics Inc                 | Applied Optoelectronics Inc                 | CUSIP: 03823U102<br>LEI: 529900I8U6Q5SYDNLT48 | Long             | EC               | CORP              | US        |    277500 | NS      | $524475.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Luna Innovations Inc                        | Luna Innovations Inc                        | CUSIP: 550351100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    456600 | NS      | $4013514.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Midway Investments Ltd                      | MIDWAY INVESTMENTS LTD                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |   1858170 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Magnite Inc                                 | Magnite Inc                                 | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |    225400 | NS      | $2386986.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Territorial Bancorp Inc                     | Territorial Bancorp Inc                     | CUSIP: 88145X108<br>LEI: 5493003VDUGN5KBPTN24 | Long             | EC               | CORP              | US        |    122408 | NS      | $2939016.08   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Thryv Holdings Inc                          | Thryv Holdings Inc                          | CUSIP: 886029206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97704 | NS      | $1856376.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Newpark Resources Inc                       | Newpark Resources Inc                       | CUSIP: 651718504<br>LEI: 54930073OHWDQW4DJN26 | Long             | EC               | CORP              | US        |    875100 | NS      | $3631665.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Acme United Corp                            | Acme United Corp                            | CUSIP: 004816104<br>LEI: 549300NVT8NN13WP8M83 | Long             | EC               | CORP              | US        |     73364 | NS      | $1606671.60   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc                   | Construction Partners Inc                   | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |    130900 | NS      | $3493721.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc                    | Axcelis Technologies Inc                    | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     46800 | NS      | $3714048.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| HarborOne Bancorp Inc                       | HarborOne Bancorp Inc                       | CUSIP: 41165Y100<br>LEI: 549300CNOEY2QUB7F917 | Long             | EC               | CORP              | US        |    251253 | NS      | $3492416.70   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CPI Aerostructures Inc                      | CPI Aerostructures Inc                      | CUSIP: 125919308<br>LEI: 549300C471OFZGCOHS09 | Long             | EC               | CORP              | US        |    343190 | NS      | $1098208.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Corp                                 | Graham Corp                                 | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |    234616 | NS      | $2257005.92   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Major Drilling Group International Inc      | Major Drilling Group International Inc      | CUSIP: 560909103<br>LEI: 549300O1MNHCX2FUBC21 | Long             | EC               | CORP              | CA        |    454600 | NS      | $3532047.27   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindblad Expeditions Holdings Inc           | Lindblad Expeditions Holdings Inc           | CUSIP: 535219109<br>LEI: 549300GSPW24GZE6R597 | Long             | EC               | CORP              | US        |    254000 | NS      | $1955800.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: —       |
| Quanterix Corp                              | Quanterix Corp                              | CUSIP: 74766Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    116600 | NS      | $1614910.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| FRP Holdings Inc                            | FRP Holdings Inc                            | CUSIP: 30292L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29575 | NS      | $1592909.50   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| FormFactor Inc                              | FormFactor Inc                              | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |     70400 | NS      | $1564992.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Gas Services Group Inc              | Natural Gas Services Group Inc              | CUSIP: 63886Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    292613 | NS      | $3353344.98   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HBT Financial Inc                           | HBT Financial Inc                           | CUSIP: 404111106<br>LEI: 549300NTXD4Q6UK5BY66 | Long             | EC               | CORP              | US        |    188700 | NS      | $3692859.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellar Bancorp Inc                         | Stellar Bancorp Inc                         | CUSIP: 858927106<br>LEI: 54930070P8Z0WHFBB536 | Long             | EC               | CORP              | US        |    104677 | NS      | $3083784.42   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc                              | Photronics Inc                              | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |    208600 | NS      | $3510738.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Citi Trends Inc                             | Citi Trends Inc                             | CUSIP: 17306X102<br>LEI: 529900D06Q0FPHV34S87 | Long             | EC               | CORP              | US        |    114924 | NS      | $3043187.52   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynavax Technologies Corp                   | Dynavax Technologies Corp                   | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |    198000 | NS      | $2106720.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys Inc                                | Agilysys Inc                                | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |     56721 | NS      | $4488899.94   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Apyx Medical Corp                           | Apyx Medical Corp                           | CUSIP: 03837C106<br>LEI: 5299009QZVYUYO082S45 | Long             | EC               | CORP              | US        |    356027 | NS      | $833103.18    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Altius Minerals Corp                        | Altius Minerals Corp                        | CUSIP: 020936100<br>LEI: 54930083UJGDUCMJMU61 | Long             | EC               | CORP              | CA        |    121800 | NS      | $1997915.81   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Casinos Inc                         | Century Casinos Inc                         | CUSIP: 156492100<br>LEI: 549300H2L4Y24HXY7M50 | Long             | EC               | CORP              | US        |    346100 | NS      | $2433083.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| nLight Inc                                  | nLight Inc                                  | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    217250 | NS      | $2202915.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcat Inc                                | Transcat Inc                                | CUSIP: 893529107<br>LEI: 54930081E40TSSHUOS40 | Long             | EC               | CORP              | US        |     48474 | NS      | $3435352.38   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Chico's FAS Inc                             | Chico's FAS Inc                             | CUSIP: 168615102<br>LEI: 5299003ESGN5T1MFXY13 | Long             | EC               | CORP              | US        |    481300 | NS      | $2367996.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Arlo Technologies Inc                       | Arlo Technologies Inc                       | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Long             | EC               | CORP              | US        |    258700 | NS      | $908037.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd                          | Ichor Holdings Ltd                          | CUSIP: 000000000<br>LEI: 529900PS8R2JVLJ2H892 | Long             | EC               | CORP              | KY        |     85900 | NS      | $2303838.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| B Riley Financial Inc                       | B Riley Financial Inc                       | CUSIP: 05580M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54500 | NS      | $1863900.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NeoGenomics Inc                             | NeoGenomics Inc                             | CUSIP: 64049M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27800 | NS      | $256872.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Comtech Telecommunications Corp             | Comtech Telecommunications Corp             | CUSIP: 205826209<br>LEI: 529900FTEZ8MGM0Y8F73 | Long             | EC               | CORP              | US        |    136402 | NS      | $1655920.28   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| VIA Optronics AG                            | VIA Optronics AG                            | CUSIP: 91823Y109<br>LEI: 391200MQMJVYVM0L2S18 | Long             | EC               | CORP              | DE        |    242505 | NS      | $387086.48    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Fossil Group Inc                            | Fossil Group Inc                            | CUSIP: 34988V106<br>LEI: DDMY8YZ6L8UEMS1FDM73 | Long             | EC               | CORP              | US        |    364700 | NS      | $1571857.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| PDF Solutions Inc                           | PDF Solutions Inc                           | CUSIP: 693282105<br>LEI: 549300GMSP6MROFBI160 | Long             | EC               | CORP              | US        |    110500 | NS      | $3151460.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Intevac Inc                                 | Intevac Inc                                 | CUSIP: 461148108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    321813 | NS      | $2082130.11   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Computer Task Group Inc                     | Computer Task Group Inc                     | CUSIP: 205477102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    334226 | NS      | $2526748.56   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CIRCOR International Inc                    | CIRCOR International Inc                    | CUSIP: 17273K109<br>LEI: 5493007701O01N3FQM69 | Long             | EC               | CORP              | US        |    107100 | NS      | $2566116.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Precision Group Inc                  | Vishay Precision Group Inc                  | CUSIP: 92835K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97100 | NS      | $3752915.00   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCraft Boat Holdings Inc               | MasterCraft Boat Holdings Inc               | CUSIP: 57637H103<br>LEI: 549300IXWX41555YJ117 | Long             | EC               | CORP              | US        |    110800 | NS      | $2866396.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Aehr Test Systems                           | Aehr Test Systems                           | CUSIP: 00760J108<br>LEI: 529900A4GWWZFRU2RE97 | Long             | EC               | CORP              | US        |    145059 | NS      | $2915685.90   | 1.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Clarkson PLC                                | Clarkson PLC                                | CUSIP: 000000000<br>LEI: 2138007G6BGTEHI3OT22 | Long             | EC               | CORP              | GB        |     81324 | NS      | $3180543.88   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp               | Quanex Building Products Corp               | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |    136400 | NS      | $3229952.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FARO Technologies Inc                       | FARO Technologies Inc                       | CUSIP: 311642102<br>LEI: 529900MFEFNOFP3YR823 | Long             | EC               | CORP              | US        |     76145 | NS      | $2239424.45   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc                      | Digi International Inc                      | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     90300 | NS      | $3300465.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Pipe Co                           | Northwest Pipe Co                           | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |    108200 | NS      | $3646340.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Cass Information Systems Inc                | Cass Information Systems Inc                | CUSIP: 14808P109<br>LEI: 549300G7XPIPR7SJ2F38 | Long             | EC               | CORP              | US        |     63916 | NS      | $2928631.12   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Amtech Systems Inc                          | Amtech Systems Inc                          | CUSIP: 032332504<br>LEI: 5299008VRUUPETM6HZ85 | Long             | EC               | CORP              | US        |    184511 | NS      | $1402283.60   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicken Soup For The Soul Entertainment Inc | Chicken Soup For The Soul Entertainment Inc | CUSIP: 16842Q100<br>LEI: 549300THRJ0EJ1DIID72 | Long             | EC               | CORP              | US        |    244521 | NS      | $1251947.52   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Vehicle Group Inc                | Commercial Vehicle Group Inc                | CUSIP: 202608105<br>LEI: 5493006OG8I91X0K7Q22 | Long             | EC               | CORP              | US        |    236500 | NS      | $1610565.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HomeTrust Bancshares Inc                    | HomeTrust Bancshares Inc                    | CUSIP: 437872104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125600 | NS      | $3035752.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Aerogels Inc                          | Aspen Aerogels Inc                          | CUSIP: 04523Y105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    134700 | NS      | $1588113.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Artivion Inc                                | Artivion Inc                                | CUSIP: 228903100<br>LEI: 549300YTKV8DMSMG6K81 | Long             | EC               | CORP              | US        |    168855 | NS      | $2046522.60   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Legacy Housing Corp                         | Legacy Housing Corp                         | CUSIP: 52472M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    117973 | NS      | $2236768.08   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Barnes & Noble Education Inc                | Barnes & Noble Education Inc                | CUSIP: 06777U101<br>LEI: 549300JQGDS5THBPED41 | Long             | EC               | CORP              | US        |    384000 | NS      | $672000.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaia Inc                                    | Gaia Inc                                    | CUSIP: 36269P104<br>LEI: 529900QUX8SBA2D93M92 | Long             | EC               | CORP              | US        |    176568 | NS      | $420231.84    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Canaccord Genuity Group Inc                 | Canaccord Genuity Group Inc                 | CUSIP: 134801109<br>LEI: 5493002DR5KW4JP7YS87 | Long             | EC               | CORP              | CA        |    379360 | NS      | $2350687.15   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Haynes International Inc                    | Haynes International Inc                    | CUSIP: 420877201<br>LEI: 549300I9MS5UZLRFDO40 | Long             | EC               | CORP              | US        |     73330 | NS      | $3350447.70   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Inc                                  | Sprott Inc                                  | CUSIP: 852066208<br>LEI: 254900QHJAD5TP2JNM15 | Long             | EC               | CORP              | CA        |     74280 | NS      | $2470879.76   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| BayCom Corp                                 | BayCom Corp                                 | CUSIP: 07272M107<br>LEI: 549300UOLS54Q5ONIG33 | Long             | EC               | CORP              | US        |    167842 | NS      | $3185641.16   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PAR Technology Corp                         | PAR Technology Corp                         | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Long             | EC               | CORP              | US        |     58500 | NS      | $1525095.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Forrester Research Inc                      | Forrester Research Inc                      | CUSIP: 346563109<br>LEI: 549300UUSFXYLJ80Z897 | Long             | EC               | CORP              | US        |     69400 | NS      | $2481744.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-18

**Name of Applicant:** ROYCE FUND

**Signature:** John Schwartz

**Name of Signer:** John Schwartz

**Title:** Associate General Counsel