# EDGAR Filing Document

**Accession Number:** 0000709364
**File Stem:** 0001752724-23-030758
**Filing Date:** 2023-2
**Character Count:** 33381
**Document Hash:** 584c1b06635c0aac4e32690a5cfbd1b1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-030758.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001752724-23-030758

**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:** 23646668

**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 Total Return Fund (Series ID: S000009510)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000026006 | Investment Class    | RYTRX           |
| C000026007 | Consultant Class    | RYTCX           |
| C000026008 | Service Class       | RYTFX           |
| C000026009 | Institutional Class | RTRIX           |
| C000038078 | R Class             | RTRRX           |

## 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 Total Return Fund

- **b. EDGAR series identifier (if any):** S000009510

- **c. LEI of Series:** 254900UK8XGKXK2Y4H10

**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:** $940864802.37

**Total Liabilities:** $2838626.95

**Net Assets:** $938026175.42

**Cash Not Reported:** $100996.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000038078 | 10.85%               | 5.46%                | -4.65%               |
| Class ID C000026009 | 10.83%               | 5.56%                | -4.62%               |
| Class ID C000026006 | 10.93%               | 5.59%                | -4.63%               |
| Class ID C000026008 | 10.86%               | 5.67%                | -4.74%               |
| Class ID C000026007 | 10.73%               | 5.48%                | -4.71%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6563751.41             | $102174537.10                              |
| Month 2  | $11671912.78             | $41072348.36                               |
| Month 3  | $1509346.12              | $-50965361.75                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| OneWater Marine Inc                          | OneWater Marine Inc                          | CUSIP: 68280L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    261409 | NS      | $7476297.40   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc               | Kulicke & Soffa Industries Inc               | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |    151884 | NS      | $6722385.84   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp                   | FIXED INC CLEARING CORP.REPO                 | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  19726836 | PA      | $19726836.01  | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Oceaneering International Inc                | Oceaneering International Inc                | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |    103433 | NS      | $1809043.17   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERISAFE Inc                                | AMERISAFE Inc                                | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               | CORP              | US        |    121709 | NS      | $6325216.73   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Industrial Co                         | Global Industrial Co                         | CUSIP: 37892E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    239964 | NS      | $5646352.92   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Laboratories NV                         | Core Laboratories NV                         | CUSIP: 000000000<br>LEI: 724500MDYY5VBSAF5W50 | Long             | EC               | CORP              | NL        |    640100 | NS      | $12974827.00  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Pason Systems Inc                            | Pason Systems Inc                            | CUSIP: 702925108<br>LEI: 984500DC6T2FLR969F65 | Long             | EC               | CORP              | CA        |   1300976 | NS      | $15315773.59  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                           | nVent Electric PLC                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |    203234 | NS      | $7818411.98   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Management Inc        | Artisan Partners Asset Management Inc        | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |    255903 | NS      | $7600319.10   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Tel Aviv Stock Exchange Ltd                  | Tel Aviv Stock Exchange Ltd                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |   3011800 | NS      | $17993172.31  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                      | KBR Inc                                      | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |    274254 | NS      | $14480611.20  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp                | First American Financial Corp                | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |    154445 | NS      | $8083651.30   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| TMX Group Ltd                                | TMX Group Ltd                                | CUSIP: 87262K105<br>LEI: 549300N65GFVKSHGJW59 | Long             | EC               | CORP              | CA        |     99104 | NS      | $9919183.22   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Ltd                            | Helen of Troy Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    177000 | NS      | $19631070.00  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Franchise Group Inc                          | Franchise Group Inc                          | CUSIP: 35180X105<br>LEI: 549300MWCHSL8BSOMV77 | Long             | EC               | CORP              | US        |    720401 | NS      | $17159951.82  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc          | Applied Industrial Technologies Inc          | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |    111260 | NS      | $14022097.80  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp                               | Air Lease Corp                               | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |    479000 | NS      | $18403180.00  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Levi Strauss & Co                            | Levi Strauss & Co                            | CUSIP: 52736R102<br>LEI: MB0UERO0RDFKU8258G77 | Long             | EC               | CORP              | US        |    452247 | NS      | $7018873.44   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co                 | Graphic Packaging Holding Co                 | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    526160 | NS      | $11707060.00  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Financial Inc                        | Triumph Financial Inc                        | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |    103492 | NS      | $5057654.04   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Loomis AB                                    | Loomis AB                                    | CUSIP: 000000000<br>LEI: 213800NS2XXVRYS7WP40 | Long             | EC               | CORP              | SE        |    349500 | NS      | $9579150.63   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                | Lincoln Electric Holdings Inc                | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     53966 | NS      | $7797547.34   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| James River Group Holdings Ltd               | James River Group Holdings Ltd               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    365903 | NS      | $7651031.73   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc            | Allison Transmission Holdings Inc            | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |    206400 | NS      | $8586240.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp                                 | Vontier Corp                                 | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |   1197853 | NS      | $23154498.49  | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| JOANN Inc                                    | JOANN Inc                                    | CUSIP: 47768J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1573119 | NS      | $4483389.15   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennedy-Wilson Holdings Inc                  | Kennedy-Wilson Holdings Inc                  | CUSIP: 489398107<br>LEI: 549300MOI1T78144X610 | Long             | EC               | CORP              | US        |   1014797 | NS      | $15962756.81  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrett Business Services Inc                | Barrett Business Services Inc                | CUSIP: 068463108<br>LEI: 529900HXB6TMG0SR9Y34 | Long             | EC               | CORP              | US        |    109927 | NS      | $10253990.56  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COHERENT CORP                                | Coherent Corp                                | CUSIP: 19247G206<br>LEI: 549300O5C25A0MMHHU33 | Long             | EP               | CORP              | US        |    108124 | NS      | $17289027.60  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp                            | Ralph Lauren Corp                            | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     44945 | NS      | $4749338.15   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Bancorp Inc                           | Origin Bancorp Inc                           | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |    307328 | NS      | $11278937.60  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp                           | UMB Financial Corp                           | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |    109870 | NS      | $9176342.40   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                                   | Cactus Inc                                   | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |    181159 | NS      | $9105051.34   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| International General Insurance Holdings Ltd | International General Insurance Holdings Ltd | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |   2747997 | NS      | $21983976.00  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ESC GCB UNIT CORP                            | ESC GCB UNIT CORP                            | CUSIP: 909ESCAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4269155 | PA      | $0.00         | 0.00%             | 2021-05-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Teradata Corp                                | Teradata Corp                                | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |    573467 | NS      | $19302899.22  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                               | BankUnited Inc                               | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |    384247 | NS      | $13052870.59  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp/Southern Pines NC              | First Bancorp/Southern Pines NC              | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84200 | NS      | $3607128.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Denny's Corp                                 | Denny's Corp                                 | CUSIP: 24869P104<br>LEI: 54930037V56XOULXM917 | Long             | EC               | CORP              | US        |   1323600 | NS      | $12190356.00  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| World Wrestling Entertainment Inc            | World Wrestling Entertainment Inc            | CUSIP: 98156Q108<br>LEI: 549300WZVLSCS3L4L698 | Long             | EC               | CORP              | US        |     23848 | NS      | $1634064.96   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Diversified Holdings                 | Compass Diversified Holdings                 | CUSIP: 20451Q104<br>LEI: 5299001SM1LBYANJRR58 | Long             | EC               | CORP              | US        |    978112 | NS      | $17830981.76  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK Financial Corp                           | BOK Financial Corp                           | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |    124601 | NS      | $12932337.79  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NOW Inc                                      | NOW Inc                                      | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |    797600 | NS      | $10129520.00  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc                 | Simpson Manufacturing Co Inc                 | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |     96900 | NS      | $8591154.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                    | Axis Capital Holdings Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    335897 | NS      | $18195540.49  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Holdings Co                            | Crane Holdings Co                            | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     60239 | NS      | $6051007.55   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd                         | Assured Guaranty Ltd                         | CUSIP: 000000000<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | BM        |     38600 | NS      | $2403236.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Dynamics Inc                         | Douglas Dynamics Inc                         | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               | CORP              | US        |    440179 | NS      | $15916872.64  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR                       | Home BancShares Inc/AR                       | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    938167 | NS      | $21380825.93  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc                         | Kyndryl Holdings Inc                         | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |   1236400 | NS      | $13748768.00  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Veritex Holdings Inc                         | Veritex Holdings Inc                         | CUSIP: 923451108<br>LEI: 549300F3SMOML02SC814 | Long             | EC               | CORP              | US        |    253500 | NS      | $7118280.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Towne Bank/Portsmouth VA                     | Towne Bank/Portsmouth VA                     | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |    343448 | NS      | $10591936.32  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Group Inc                   | Independent Bank Group Inc                   | CUSIP: 45384B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    303599 | NS      | $18240227.92  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Vitesco Technologies Group AG                | Vitesco Technologies Group AG                | CUSIP: 000000000<br>LEI: 529900CCDMZ7UCYYS252 | Long             | EC               | CORP              | DE        |     47900 | NS      | $2781643.29   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                                 | Innospec Inc                                 | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |     17157 | NS      | $1764769.02   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Stewart Information Services Corp            | Stewart Information Services Corp            | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |    235604 | NS      | $10067358.92  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc                          | Silgan Holdings Inc                          | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |    228171 | NS      | $11828384.64  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Innovations Inc               | Fortune Brands Innovations Inc               | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |    105967 | NS      | $6051775.37   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                               | Ziff Davis Inc                               | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |    196120 | NS      | $15513092.00  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson Cos Inc                            | Patterson Cos Inc                            | CUSIP: 703395103<br>LEI: YM48Q2087CUE26GWEK09 | Long             | EC               | CORP              | US        |     53691 | NS      | $1504958.73   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank/Los Angeles CA                | Preferred Bank/Los Angeles CA                | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |     30716 | NS      | $2292027.92   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| HBT Financial Inc                            | HBT Financial Inc                            | CUSIP: 404111106<br>LEI: 549300NTXD4Q6UK5BY66 | Long             | EC               | CORP              | US        |    392772 | NS      | $7686548.04   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp               | Atlantic Union Bankshares Corp               | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    222900 | NS      | $7832706.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc                            | YETI Holdings Inc                            | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |    260800 | NS      | $10773648.00  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TriMas Corp                                  | TriMas Corp                                  | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               | CORP              | US        |    340940 | NS      | $9457675.60   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet Inc                                    | Avnet Inc                                    | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |    159409 | NS      | $6628226.22   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Newtek Business Services Corp                | Newtek Business Services Corp                | CUSIP: 652526203<br>LEI: 549300YLU78IA8GKJ688 | Long             | EC               | CORP              | US        |    442700 | NS      | $7193875.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                           | UFP Industries Inc                           | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |    160399 | NS      | $12711620.75  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments Inc                          | MKS Instruments Inc                          | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     57105 | NS      | $4838506.65   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| QCR Holdings Inc                             | QCR Holdings Inc                             | CUSIP: 74727A104<br>LEI: 549300MWKWM7KWJVQO33 | Long             | EC               | CORP              | US        |     98583 | NS      | $4893660.12   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Hackett Group Inc/The                        | Hackett Group Inc/The                        | CUSIP: 404609109<br>LEI: 5K016KLIRB6156644289 | Long             | EC               | CORP              | US        |    660409 | NS      | $13452531.33  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancshares Inc/The                     | First Bancshares Inc/The                     | CUSIP: 318916103<br>LEI: 5493006DL5RXJODMAF36 | Long             | EC               | CORP              | US        |    339609 | NS      | $10870884.09  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc                 | MSC Industrial Direct Co Inc                 | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |    157710 | NS      | $12884907.00  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co                                  | Moelis & Co                                  | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |    199737 | NS      | $7663908.69   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerals Technologies Inc                    | Minerals Technologies Inc                    | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |    228780 | NS      | $13891521.60  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group Inc                | Healthcare Services Group Inc                | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |    172975 | NS      | $2075700.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                            | FTAI Aviation Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |   1144859 | NS      | $19599986.08  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sapiens International Corp NV                | Sapiens International Corp NV                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |   1007277 | NS      | $18614478.96  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp                      | Valley National Bancorp                      | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |   1423721 | NS      | $16102284.51  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ProAssurance Corp                            | ProAssurance Corp                            | CUSIP: 74267C106<br>LEI: 54930015E5J57R675E89 | Long             | EC               | CORP              | US        |    655865 | NS      | $11457961.55  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of NT Butterfield & Son Ltd/The         | Bank of NT Butterfield & Son Ltd/The         | CUSIP: 000000000<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |    409923 | NS      | $12219804.63  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                        | Element Solutions Inc                        | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    995966 | NS      | $18116621.54  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd                   | RenaissanceRe Holdings Ltd                   | CUSIP: 000000000<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |    102491 | NS      | $18881916.93  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                                | Timken Co/The                                | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |    219113 | NS      | $15484715.71  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Repay Holdings Corp                          | Repay Holdings Corp                          | CUSIP: 76029L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1495178 | NS      | $12036182.90  | 1.28%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

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

**Name of Applicant:** ROYCE FUND

**Signature:** John Schwartz

**Name of Signer:** John Schwartz

**Title:** Associate General Counsel