# EDGAR Filing Document

**Accession Number:** 0000709364
**File Stem:** 0001752724-25-189553
**Filing Date:** 2025-8
**Character Count:** 13937
**Document Hash:** 68541d3803874fa6f134d57ae1441d02
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-189553.hdr.sgml**: 20250815

**ACCESSION NUMBER**: 0001752724-25-189553

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250815

**DATE AS OF CHANGE**: 20250815

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ROYCE FUND
- **CENTRAL INDEX KEY:** 0000709364

**ORGANIZATION NAME:**
- **EIN:** 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:** 251223204

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 2125084500

**MAIL ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**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:** ONE MADISON AVENUE

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **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:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $489963798.58

**Total Liabilities:** $651735.95

**Net Assets:** $489312062.63

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026018 | -4.01%               | 4.79%                | 2.54%                |
| Class ID C000026019 | -3.98%               | 4.74%                | 2.52%                |
| Class ID C000026017 | -4.07%               | 4.66%                | 2.39%                |
| Class ID C000026016 | -3.97%               | 4.74%                | 2.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6359482.97              | $-27832547.98                              |
| Month 2  | $4809856.75              | $17275365.21                               |
| Month 3  | $5776228.59              | $5170984.29                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Metallus Inc                      | Metallus Inc                      | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |    281000 | NS      | $4330210.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Preformed Line Products Co        | Preformed Line Products Co        | CUSIP: 740444104<br>LEI: 549300EYH53XDJID2098 | Long             | EC               | CORP              | US        |     22000 | NS      | $3515820.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Miller Industries Inc/TN          | Miller Industries Inc/TN          | CUSIP: 600551204<br>LEI: 549300F1O74SPUJ7UU94 | Long             | EC               | CORP              | US        |    158500 | NS      | $7046910.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Ennis Inc                         | Ennis Inc                         | CUSIP: 293389102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1215000 | NS      | $22040100.00  | 4.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Hill Investment Group Inc | Diamond Hill Investment Group Inc | CUSIP: 25264R207<br>LEI: 549300AQ6779A0B7VZ57 | Long             | EC               | CORP              | US        |    137063 | NS      | $19916624.53  | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Resources Connection Inc          | Resources Connection Inc          | CUSIP: 76122Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47000 | NS      | $252390.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                     | H&R Block Inc                     | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     59000 | NS      | $3238510.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Movado Group Inc                  | Movado Group Inc                  | CUSIP: 624580106<br>LEI: 549300WCGCGPWGHVXM59 | Long             | EC               | CORP              | US        |   1356000 | NS      | $20679000.00  | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Lime & Minerals Inc | United States Lime & Minerals Inc | CUSIP: 911922102<br>LEI: 549300VGDEEG8RT7VC89 | Long             | EC               | CORP              | US        |     52000 | NS      | $5189600.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NVE Corp                          | NVE Corp                          | CUSIP: 629445206<br>LEI: 5299003C1ATTWX8X0112 | Long             | EC               | CORP              | US        |    281500 | NS      | $20721215.00  | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap Inc            | Marcus & Millichap Inc            | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |    366500 | NS      | $11255215.00  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc            | Insteel Industries Inc            | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |    412000 | NS      | $15330520.00  | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets Inc                | Ingles Markets Inc                | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |    350000 | NS      | $22183000.00  | 4.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology Inc        | Vishay Intertechnology Inc        | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |   1515000 | NS      | $24058200.00  | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Nathan's Famous Inc               | Nathan's Famous Inc               | CUSIP: 632347100<br>LEI: 54930034SKNSF1JIE673 | Long             | EC               | CORP              | US        |     37500 | NS      | $4146750.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil-Dri Corp of America           | Oil-Dri Corp of America           | CUSIP: 677864100<br>LEI: 549300RSG5KPUH16WH66 | Long             | EC               | CORP              | US        |    272000 | NS      | $16045280.00  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Inc                        | Macy's Inc                        | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |   1075000 | NS      | $12534500.00  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                           | RPC Inc                           | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    460000 | NS      | $2175800.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                | UFP Industries Inc                | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |    124500 | NS      | $12370320.00  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc            | Mueller Industries Inc            | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |    419000 | NS      | $33297930.00  | 6.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc              | Federated Hermes Inc              | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |    300000 | NS      | $13296000.00  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp        | FIXED INC CLEARING CORP.REPO      | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  89140490 | PA      | $89140490.26  | 18.22%            |  |  |  | No            |                  2 | On Loan: No      |
| John B Sanfilippo & Son Inc       | John B Sanfilippo & Son Inc       | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |    216000 | NS      | $13659840.00  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors Inc         | Ethan Allen Interiors Inc         | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    245000 | NS      | $6823250.00   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co              | Commercial Metals Co              | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |    135000 | NS      | $6602850.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Gencor Industries Inc             | Gencor Industries Inc             | CUSIP: 368678108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    901000 | NS      | $12614000.00  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA Inc                         | TEGNA Inc                         | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |   1878000 | NS      | $31475280.00  | 6.43%             |  |  |  | No            |                  1 | On Loan: No      |
| GAMCO Investors Inc               | GAMCO Investors Inc               | CUSIP: 361438104<br>LEI: 51A2MDO9SJ2HTOSMLZ76 | Long             | EC               | CORP              | US        |    114500 | NS      | $2765175.00   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Sylvamo Corp                      | Sylvamo Corp                      | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |    276000 | NS      | $13827600.00  | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Motor Products Inc       | Standard Motor Products Inc       | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |   1025000 | NS      | $31488000.00  | 6.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                        | Atkore Inc                        | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |    103000 | NS      | $7266650.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-15

**Name of Applicant:** ROYCE FUND

**Signature:** John Schwartz

**Name of Signer:** John Schwartz

**Title:** Associate General Counsel