# EDGAR Filing Document

**Accession Number:** 0001006387
**File Stem:** 0001752724-23-030769
**Filing Date:** 2023-2
**Character Count:** 34419
**Document Hash:** 92cf3f8503a703ae2a139c42d94330ff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-030769.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001752724-23-030769

**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 CAPITAL FUND
- **CENTRAL INDEX KEY:** 0001006387
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07537
- **FILM NUMBER:** 23646678

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ROYCE & ASSOCIATES, LLC
- **STREET 2:** 745 FIFTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10151
- **BUSINESS PHONE:** 2125084578

**MAIL ADDRESS:**
- **STREET 1:** C/O ROYCE & ASSOCIATES, LLC
- **STREET 2:** 745 FIFTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10151

## Series and Classes Contracts Data

### Royce Capital Fund - Small-Cap Portfolio (Series ID: S000009497)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000025977 | Investment Class | RCPFX           |
| C000033016 | Service Class    | RCSSX           |

## 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 CAPITAL FUND

- **b. Investment Company Act file number:** 811-07537

- **c. CIK number of Registrant:** 0001006387

- **d. LEI of Registrant:** 254900HPH7VXNTMGMC75

- **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 Capital Fund - Small-Cap Portfolio

- **b. EDGAR series identifier (if any):** S000009497

- **c. LEI of Series:** 254900NQQK01PV4NG288

**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:** $300631422.10

**Total Liabilities:** $1343166.99

**Net Assets:** $299288255.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000025977 | 13.01%               | 7.52%                | -6.61%               |
| Class ID C000033016 | 12.93%               | 7.47%                | -6.57%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1550384.47             | $29026592.55                               |
| Month 2  | $844253.67               | $18591232.50                               |
| Month 3  | $-790233.94              | $-21111710.41                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Entravision Communications Corp        | Entravision Communications Corp        | CUSIP: 29382R107<br>LEI: 549300SKHY2ALCLKV539 | Long             | EC               | CORP              | US        |    712542 | NS      | $3420201.60   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| OneWater Marine Inc                    | OneWater Marine Inc                    | CUSIP: 68280L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71233 | NS      | $2037263.80   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                              | Jabil Inc                              | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     75400 | NS      | $5142280.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks Inc                     | Aviat Networks Inc                     | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |    123614 | NS      | $3855520.66   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce Inc                             | Kforce Inc                             | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |     37114 | NS      | $2034960.62   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc         | Kulicke & Soffa Industries Inc         | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |     41413 | NS      | $1832939.38   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Western New England Bancorp Inc        | Western New England Bancorp Inc        | CUSIP: 958892101<br>LEI: 549300Y8QE4EI2LP6B42 | Long             | EC               | CORP              | US        |    273695 | NS      | $2589154.70   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp             | FIXED INC CLEARING CORP.REPO           | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   5360262 | PA      | $5360262.43   | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Evercore Inc                           | Evercore Inc                           | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     44300 | NS      | $4832244.00   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology Inc                   | Amkor Technology Inc                   | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |    167984 | NS      | $4028256.32   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc                     | Kontoor Brands Inc                     | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     89300 | NS      | $3571107.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc                              | Adeia Inc                              | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    372500 | NS      | $3531300.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Haverty Furniture Cos Inc              | Haverty Furniture Cos Inc              | CUSIP: 419596101<br>LEI: 529900CVFMMIRXZVPD70 | Long             | EC               | CORP              | US        |     70100 | NS      | $2095990.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Preformed Line Products Co             | Preformed Line Products Co             | CUSIP: 740444104<br>LEI: 549300EYH53XDJID2098 | Long             | EC               | CORP              | US        |     40125 | NS      | $3342011.25   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Princeton/The                  | Bank of Princeton/The                  | CUSIP: 064520109<br>LEI: 549300EMC7T53UNNNA58 | Long             | EC               | CORP              | US        |     81069 | NS      | $2571508.68   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc           | Catalyst Pharmaceuticals Inc           | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |    147683 | NS      | $2746903.80   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Resources Connection Inc               | Resources Connection Inc               | CUSIP: 76122Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    208267 | NS      | $3827947.46   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Hub Group Inc                          | Hub Group Inc                          | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47772 | NS      | $3797396.28   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Movado Group Inc                       | Movado Group Inc                       | CUSIP: 624580106<br>LEI: 549300WCGCGPWGHVXM59 | Long             | EC               | CORP              | US        |    122927 | NS      | $3964395.75   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SilverBow Resources Inc                | SilverBow Resources Inc                | CUSIP: 82836G102<br>LEI: 5493007QR70AVQSNF619 | Long             | EC               | CORP              | US        |    119696 | NS      | $3385002.88   | 1.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Cohu Inc                               | Cohu Inc                               | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |    112860 | NS      | $3617163.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Container Store Group Inc/The          | Container Store Group Inc/The          | CUSIP: 210751103<br>LEI: 529900L7KB2N9KXCDI76 | Long             | EC               | CORP              | US        |    433958 | NS      | $1870358.98   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                         | TD SYNNEX Corp                         | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     36842 | NS      | $3489305.82   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Tiptree Inc                            | Tiptree Inc                            | CUSIP: 88822Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    339672 | NS      | $4701060.48   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bankshares Inc                | National Bankshares Inc                | CUSIP: 634865109<br>LEI: 549300Q745S62Q6QNW78 | Long             | EC               | CORP              | US        |     51655 | NS      | $2081696.50   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TrustCo Bank Corp NY                   | TrustCo Bank Corp NY                   | CUSIP: 898349204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85877 | NS      | $3228116.43   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc                  | Civitas Resources Inc                  | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |     66700 | NS      | $3863931.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Landmark Bancorp Inc/Manhattan KS      | Landmark Bancorp Inc/Manhattan KS      | CUSIP: 51504L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37921 | NS      | $858152.23    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrett Business Services Inc          | Barrett Business Services Inc          | CUSIP: 068463108<br>LEI: 529900HXB6TMG0SR9Y34 | Long             | EC               | CORP              | US        |     40448 | NS      | $3772989.44   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc                      | Shoe Carnival Inc                      | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    162225 | NS      | $3878799.75   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ironwood Pharmaceuticals Inc           | Ironwood Pharmaceuticals Inc           | CUSIP: 46333X108<br>LEI: 549300PC8MR6QHH6P296 | Long             | EC               | CORP              | US        |    329811 | NS      | $4086358.29   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| IBEX Holdings Ltd                      | IBEX Holdings Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    150560 | NS      | $3741416.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastech Digital Inc                    | Mastech Digital Inc                    | CUSIP: 57633B100<br>LEI: 549300GD5HFB0F451006 | Long             | EC               | CORP              | US        |     73802 | NS      | $812560.02    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                     | Houlihan Lokey Inc                     | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     31842 | NS      | $2775348.72   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorchester Minerals LP                 | Dorchester Minerals LP                 | CUSIP: 25820R105<br>LEI: 529900J537JTEZOMXG05 | Long             | EC               | CORP              | US        |    145105 | NS      | $4342992.65   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap Inc                 | Marcus & Millichap Inc                 | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |    108025 | NS      | $3721461.25   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc                 | Insteel Industries Inc                 | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |     87400 | NS      | $2405248.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha & Omega Semiconductor Ltd        | Alpha & Omega Semiconductor Ltd        | CUSIP: 000000000<br>LEI: 5493001FE7J03YOV2V35 | Long             | EC               | CORP              | BM        |    116746 | NS      | $3335433.22   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings Inc               | Ultra Clean Holdings Inc               | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |    113138 | NS      | $3750524.70   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets Inc                     | Ingles Markets Inc                     | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |     41311 | NS      | $3984859.06   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| RMR Group Inc/The                      | RMR Group Inc/The                      | CUSIP: 74967R106<br>LEI: 549300JP4L34E48UJM16 | Long             | EC               | CORP              | US        |    112222 | NS      | $3170271.50   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Educational Services Corp      | Lincoln Educational Services Corp      | CUSIP: 533535100<br>LEI: 549300BJ55KUY6RG7L98 | Long             | EC               | CORP              | US        |    664585 | NS      | $3847947.15   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                           | Sanmina Corp                           | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     86043 | NS      | $4929403.47   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ePlus Inc                              | ePlus Inc                              | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |     82388 | NS      | $3648140.64   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Heartland Express Inc                  | Heartland Express Inc                  | CUSIP: 422347104<br>LEI: 5299005V45FZIQGLOG39 | Long             | EC               | CORP              | US        |    187067 | NS      | $2869607.78   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Timberland Bancorp Inc/WA              | Timberland Bancorp Inc/WA              | CUSIP: 887098101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    142770 | NS      | $4872740.10   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology Inc             | Vishay Intertechnology Inc             | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    219661 | NS      | $4738087.77   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Skechers USA Inc                       | Skechers USA Inc                       | CUSIP: 830566105<br>LEI: 529900D2R54KZPA4XR56 | Long             | EC               | CORP              | US        |     87800 | NS      | $3683210.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Riley Exploration Permian Inc          | Riley Exploration Permian Inc          | CUSIP: 76665T102<br>LEI: 5493008CUBI02XP43Q95 | Long             | EC               | CORP              | US        |    117500 | NS      | $3458025.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider National Inc                 | Schneider National Inc                 | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |    187400 | NS      | $4385160.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection Inc                      | PC Connection Inc                      | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |     74426 | NS      | $3490579.40   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The                   | Ensign Group Inc/The                   | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     17264 | NS      | $1633347.04   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings Inc                 | Employers Holdings Inc                 | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43134 | NS      | $1860369.42   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises Inc                 | Werner Enterprises Inc                 | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |     78450 | NS      | $3158397.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc            | Sterling Infrastructure Inc            | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |    167849 | NS      | $5505447.20   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd                               | Flex Ltd                               | CUSIP: 000000000<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |    252900 | NS      | $5427234.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                             | Korn Ferry                             | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     54835 | NS      | $2775747.70   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemung Financial Corp                 | Chemung Financial Corp                 | CUSIP: 164024101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3545 | NS      | $162609.15    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc                | Insight Enterprises Inc                | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     40065 | NS      | $4017317.55   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimball Electronics Inc                | Kimball Electronics Inc                | CUSIP: 49428J109<br>LEI: 549300COBYN2GZCBIU87 | Long             | EC               | CORP              | US        |    213516 | NS      | $4823326.44   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazydays Holdings Inc                  | Lazydays Holdings Inc                  | CUSIP: 52110H100<br>LEI: 5493006PPWVM3TDVJH23 | Long             | EC               | CORP              | US        |    232857 | NS      | $2780312.58   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp                      | Chord Energy Corp                      | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     31873 | NS      | $4360545.13   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                  | Molina Healthcare Inc                  | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |     13300 | NS      | $4391926.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp                           | ArcBest Corp                           | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |     48849 | NS      | $3421383.96   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter's Inc                           | Carter's Inc                           | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     39266 | NS      | $2929636.26   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                     | UFP Industries Inc                     | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     39400 | NS      | $3122450.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Community Bancorp Inc/WI      | Citizens Community Bancorp Inc/WI      | CUSIP: 174903104<br>LEI: 549300VKLJAF4WABEF16 | Long             | EC               | CORP              | US        |    170701 | NS      | $2053533.03   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomin' Brands Inc                    | Bloomin' Brands Inc                    | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |    162400 | NS      | $3267488.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Malibu Boats Inc                       | Malibu Boats Inc                       | CUSIP: 56117J100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39418 | NS      | $2100979.40   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Riverview Bancorp Inc                  | Riverview Bancorp Inc                  | CUSIP: 769397100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    231786 | NS      | $1780116.48   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments Inc                    | MKS Instruments Inc                    | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |      4091 | NS      | $346630.43    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Computer Task Group Inc                | Computer Task Group Inc                | CUSIP: 205477102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    354629 | NS      | $2680995.24   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup Inc                         | PulteGroup Inc                         | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72150 | NS      | $3284989.50   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Government Obligations Fund  | Federated Government Obligations Fund  | CUSIP: 60934N807<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |    872498 | NS      | $872498.25    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCraft Boat Holdings Inc          | MasterCraft Boat Holdings Inc          | CUSIP: 57637H103<br>LEI: 549300IXWX41555YJ117 | Long             | EC               | CORP              | US        |     91734 | NS      | $2373158.58   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Bancorp Inc                      | Unity Bancorp Inc                      | CUSIP: 913290102<br>LEI: 549300Q90ZRNUR65PL93 | Long             | EC               | CORP              | US        |    139508 | NS      | $3812753.64   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp          | Quanex Building Products Corp          | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |    152823 | NS      | $3618848.64   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                           | Tapestry Inc                           | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      8200 | NS      | $312256.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                   | Matador Resources Co                   | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     68700 | NS      | $3932388.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co                            | Moelis & Co                            | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     71201 | NS      | $2731982.37   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Pipe Co                      | Northwest Pipe Co                      | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |    104725 | NS      | $3529232.50   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc               | Builders FirstSource Inc               | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     33230 | NS      | $2155962.40   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| First United Corp                      | First United Corp                      | CUSIP: 33741H107<br>LEI: 549300G54QPXQLB4KN58 | Long             | EC               | CORP              | US        |     11665 | NS      | $229217.25    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Village Super Market Inc               | Village Super Market Inc               | CUSIP: 927107409<br>LEI: 25490069686XCNNEMQ07 | Long             | EC               | CORP              | US        |    166049 | NS      | $3867281.21   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Saga Communications Inc                | Saga Communications Inc                | CUSIP: 786598300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    113553 | NS      | $2679850.80   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Cross Country Healthcare Inc           | Cross Country Healthcare Inc           | CUSIP: 227483104<br>LEI: 54930037L0NBIPZ5S663 | Long             | EC               | CORP              | US        |    155775 | NS      | $4138941.75   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Sciplay Corp                           | Sciplay Corp                           | CUSIP: 809087109<br>LEI: 549300B8E2F1A3EW6869 | Long             | EC               | CORP              | US        |    297200 | NS      | $4778976.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid Penn Bancorp Inc                   | Mid Penn Bancorp Inc                   | CUSIP: 59540G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86758 | NS      | $2600137.26   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd                      | Steven Madden Ltd                      | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |    112618 | NS      | $3599271.28   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGA Technologies Inc                  | SIGA Technologies Inc                  | CUSIP: 826917106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    478499 | NS      | $3521752.64   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CNB Financial Corp/PA                  | CNB Financial Corp/PA                  | CUSIP: 126128107<br>LEI: 254900RUYUOKD91VNX69 | Long             | EC               | CORP              | US        |    131956 | NS      | $3139233.24   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Financial Institutions Inc             | Financial Institutions Inc             | CUSIP: 317585404<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96663 | NS      | $2354710.68   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc                          | M/I Homes Inc                          | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |     41524 | NS      | $1917578.32   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidrick & Struggles International Inc | Heidrick & Struggles International Inc | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |    101189 | NS      | $2830256.33   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** ROYCE CAPITAL FUND

**Signature:** John Schwartz

**Name of Signer:** John Schwartz

**Title:** Associate General Counsel