# EDGAR Filing Document

**Accession Number:** 0000709364
**File Stem:** 0001752724-23-030767
**Filing Date:** 2023-2
**Character Count:** 14859
**Document Hash:** bc453e7db1844c5f8298988d9a9b3c91
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-030767.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001752724-23-030767

**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:** 23646680

**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 Small-Cap Special Equity Fund (Series ID: S000009513)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000026016 | Investment Class    | RYSEX           |
| C000026017 | Consultant Class    | RSQCX           |
| C000026018 | Institutional Class | RSEIX           |
| C000026019 | Service Class       | RSEFX           |

## 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 Small-Cap Special Equity Fund

- **b. EDGAR series identifier (if any):** S000009513

- **c. LEI of Series:** 2549008NP34O8WP1UH55

**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:** $757864401.46

**Total Liabilities:** $1257221.60

**Net Assets:** $756607179.86

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026018 | 9.81%                | 4.92%                | -3.25%               |
| Class ID C000026019 | 9.82%                | 4.84%                | -3.20%               |
| Class ID C000026017 | 9.74%                | 4.79%                | -3.37%               |
| Class ID C000026016 | 9.85%                | 4.88%                | -3.24%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6055923.09             | $78307939.84                               |
| Month 2  | $7893982.45              | $30196825.26                               |
| Month 3  | $4688428.68              | $-32846970.09                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Kulicke & Soffa Industries Inc    | Kulicke & Soffa Industries Inc    | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |    147000 | NS      | $6506220.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp        | FIXED INC CLEARING CORP.REPO      | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        | 129812399 | PA      | $129812399.21 | 17.16%            |  |  |  | No            |                  2 | On Loan: No      |
| TimkenSteel Corp                  | TimkenSteel Corp                  | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |     80000 | NS      | $1453600.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ennis Inc                         | Ennis Inc                         | CUSIP: 293389102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1250000 | NS      | $27700000.00  | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Hill Investment Group Inc | Diamond Hill Investment Group Inc | CUSIP: 25264R207<br>LEI: 549300AQ6779A0B7VZ57 | Long             | EC               | CORP              | US        |    138800 | NS      | $25680776.00  | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Resources Connection Inc          | Resources Connection Inc          | CUSIP: 76122Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    370000 | NS      | $6800600.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                     | H&R Block Inc                     | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |    632100 | NS      | $23077971.00  | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Movado Group Inc                  | Movado Group Inc                  | CUSIP: 624580106<br>LEI: 549300WCGCGPWGHVXM59 | Long             | EC               | CORP              | US        |    896000 | NS      | $28896000.00  | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Lime & Minerals Inc | United States Lime & Minerals Inc | CUSIP: 911922102<br>LEI: 549300VGDEEG8RT7VC89 | Long             | EC               | CORP              | US        |    135000 | NS      | $19002600.00  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NVE Corp                          | NVE Corp                          | CUSIP: 629445206<br>LEI: 5299003C1ATTWX8X0112 | Long             | EC               | CORP              | US        |    371500 | NS      | $24054625.00  | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap Inc            | Marcus & Millichap Inc            | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |    895000 | NS      | $30832750.00  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hurco Cos Inc                     | Hurco Cos Inc                     | CUSIP: 447324104<br>LEI: XSC5XDOTBYOBQPOG2O82 | Long             | EC               | CORP              | US        |    580000 | NS      | $15155400.00  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc            | Insteel Industries Inc            | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |    406000 | NS      | $11173120.00  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets Inc                | Ingles Markets Inc                | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |    591500 | NS      | $57056090.00  | 7.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp                     | Huntsman Corp                     | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |   1085000 | NS      | $29815800.00  | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology Inc        | Vishay Intertechnology Inc        | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |   1750000 | NS      | $37747500.00  | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Nathan's Famous Inc               | Nathan's Famous Inc               | CUSIP: 632347100<br>LEI: 54930034SKNSF1JIE673 | Long             | EC               | CORP              | US        |     22100 | NS      | $1485341.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc          | Axcelis Technologies Inc          | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     39000 | NS      | $3095040.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Machinery Inc               | Titan Machinery Inc               | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |    130000 | NS      | $5164900.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Inc                        | Macy's Inc                        | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |    842000 | NS      | $17387300.00  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                           | RPC Inc                           | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    377500 | NS      | $3355975.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                | UFP Industries Inc                | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     93700 | NS      | $7425725.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc            | Mueller Industries Inc            | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |    327000 | NS      | $19293000.00  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc              | Federated Hermes Inc              | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |    354000 | NS      | $12853740.00  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| John B Sanfilippo & Son Inc       | John B Sanfilippo & Son Inc       | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |    445000 | NS      | $36187400.00  | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors Inc         | Ethan Allen Interiors Inc         | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    265000 | NS      | $7001300.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Gencor Industries Inc             | Gencor Industries Inc             | CUSIP: 368678108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1066000 | NS      | $10766600.00  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA Inc                         | TEGNA Inc                         | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |   1556000 | NS      | $32971640.00  | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| GAMCO Investors Inc               | GAMCO Investors Inc               | CUSIP: 361438104<br>LEI: 51A2MDO9SJ2HTOSMLZ76 | Long             | EC               | CORP              | US        |    313600 | NS      | $4751040.00   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Sylvamo Corp                      | Sylvamo Corp                      | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |    333000 | NS      | $16180470.00  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Motor Products Inc       | Standard Motor Products Inc       | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |   1188000 | NS      | $41342400.00  | 5.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                        | Atkore Inc                        | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |    119400 | NS      | $13542348.00  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Outdoors Inc              | Johnson Outdoors Inc              | CUSIP: 479167108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    159500 | NS      | $10546140.00  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Wire Corp                  | Encore Wire Corp                  | CUSIP: 292562105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    278000 | NS      | $38241680.00  | 5.05%             |  |  |  | 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