# EDGAR Filing Document

**Accession Number:** 0000709364
**File Stem:** 0001752724-23-030766
**Filing Date:** 2023-2
**Character Count:** 34162
**Document Hash:** e85576cddaf1cd384ecefa6ef1d64c1b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-030766.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001752724-23-030766

**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:** 23646679

**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 Value Fund (Series ID: S000009516)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000026024 | Consultant Class | RVFCX           |
| C000026025 | Service Class    | RYVFX           |
| C000038082 | Investment Class | RVVHX           |
| C000054169 | R Class          | RVVRX           |

## 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 Value Fund

- **b. EDGAR series identifier (if any):** S000009516

- **c. LEI of Series:** 254900034HCQ6UWPFL93

**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:** $113897252.56

**Total Liabilities:** $763452.73

**Net Assets:** $113133799.83

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000054169 | 12.48%               | 7.36%                | -6.74%               |
| Class ID C000038082 | 12.61%               | 7.46%                | -6.74%               |
| Class ID C000026025 | 12.58%               | 7.41%                | -6.64%               |
| Class ID C000026024 | 12.45%               | 7.34%                | -6.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1294919.12             | $14039524.35                               |
| Month 2  | $593539.34               | $7809686.99                                |
| Month 3  | $-306036.84              | $-7981189.01                               |

### 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        |    268857 | NS      | $1290513.60   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| OneWater Marine Inc                   | OneWater Marine Inc                   | CUSIP: 68280L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26988 | NS      | $771856.80    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                             | Jabil Inc                             | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     28475 | NS      | $1941995.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks Inc                    | Aviat Networks Inc                    | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |     46619 | NS      | $1454046.61   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce Inc                            | Kforce Inc                            | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |      4795 | NS      | $262909.85    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc        | Kulicke & Soffa Industries Inc        | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |     15465 | NS      | $684480.90    | 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        |    102878 | NS      | $973225.88    | 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        |   4304634 | PA      | $4304633.72   | 3.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Evercore Inc                          | Evercore Inc                          | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     16742 | NS      | $1826217.36   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology Inc                  | Amkor Technology Inc                  | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |     60957 | NS      | $1461748.86   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc                    | Kontoor Brands Inc                    | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     33700 | NS      | $1347663.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc                             | Adeia Inc                             | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    140037 | NS      | $1327550.76   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Haverty Furniture Cos Inc             | Haverty Furniture Cos Inc             | CUSIP: 419596101<br>LEI: 529900CVFMMIRXZVPD70 | Long             | EC               | CORP              | US        |     26415 | NS      | $789808.50    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Preformed Line Products Co            | Preformed Line Products Co            | CUSIP: 740444104<br>LEI: 549300EYH53XDJID2098 | Long             | EC               | CORP              | US        |     15559 | NS      | $1295909.11   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Princeton/The                 | Bank of Princeton/The                 | CUSIP: 064520109<br>LEI: 549300EMC7T53UNNNA58 | Long             | EC               | CORP              | US        |     30421 | NS      | $964954.12    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc          | Catalyst Pharmaceuticals Inc          | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |     55006 | NS      | $1023111.60   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Resources Connection Inc              | Resources Connection Inc              | CUSIP: 76122Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78915 | NS      | $1450457.70   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Hub Group Inc                         | Hub Group Inc                         | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18112 | NS      | $1439722.88   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Movado Group Inc                      | Movado Group Inc                      | CUSIP: 624580106<br>LEI: 549300WCGCGPWGHVXM59 | Long             | EC               | CORP              | US        |     46601 | NS      | $1502882.25   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SilverBow Resources Inc               | SilverBow Resources Inc               | CUSIP: 82836G102<br>LEI: 5493007QR70AVQSNF619 | Long             | EC               | CORP              | US        |     40896 | NS      | $1156538.88   | 1.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Cohu Inc                              | Cohu Inc                              | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     42109 | NS      | $1349593.45   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Container Store Group Inc/The         | Container Store Group Inc/The         | CUSIP: 210751103<br>LEI: 529900L7KB2N9KXCDI76 | Long             | EC               | CORP              | US        |    163189 | NS      | $703344.59    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                        | TD SYNNEX Corp                        | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     16966 | NS      | $1606849.86   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Tiptree Inc                           | Tiptree Inc                           | CUSIP: 88822Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    128896 | NS      | $1783920.64   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bankshares Inc               | National Bankshares Inc               | CUSIP: 634865109<br>LEI: 549300Q745S62Q6QNW78 | Long             | EC               | CORP              | US        |     19295 | NS      | $777588.50    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TrustCo Bank Corp NY                  | TrustCo Bank Corp NY                  | CUSIP: 898349204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32434 | NS      | $1219194.06   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc                 | Civitas Resources Inc                 | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |     25100 | NS      | $1454043.00   | 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        |     14250 | NS      | $322477.50    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrett Business Services Inc         | Barrett Business Services Inc         | CUSIP: 068463108<br>LEI: 529900HXB6TMG0SR9Y34 | Long             | EC               | CORP              | US        |     16394 | NS      | $1529232.32   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc                     | Shoe Carnival Inc                     | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61283 | NS      | $1465276.53   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ironwood Pharmaceuticals Inc          | Ironwood Pharmaceuticals Inc          | CUSIP: 46333X108<br>LEI: 549300PC8MR6QHH6P296 | Long             | EC               | CORP              | US        |    125234 | NS      | $1551649.26   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| IBEX Holdings Ltd                     | IBEX Holdings Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     56684 | NS      | $1408597.40   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastech Digital Inc                   | Mastech Digital Inc                   | CUSIP: 57633B100<br>LEI: 549300GD5HFB0F451006 | Long             | EC               | CORP              | US        |     20188 | NS      | $222269.88    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                    | Houlihan Lokey Inc                    | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     12090 | NS      | $1053764.40   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorchester Minerals LP                | Dorchester Minerals LP                | CUSIP: 25820R105<br>LEI: 529900J537JTEZOMXG05 | Long             | EC               | CORP              | US        |     55104 | NS      | $1649262.72   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap Inc                | Marcus & Millichap Inc                | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |     40807 | NS      | $1405801.15   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc                | Insteel Industries Inc                | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |     32912 | NS      | $905738.24    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha & Omega Semiconductor Ltd       | Alpha & Omega Semiconductor Ltd       | CUSIP: 000000000<br>LEI: 5493001FE7J03YOV2V35 | Long             | EC               | CORP              | BM        |     44000 | NS      | $1257080.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings Inc              | Ultra Clean Holdings Inc              | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |     42851 | NS      | $1420510.65   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets Inc                    | Ingles Markets Inc                    | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |     15575 | NS      | $1502364.50   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| RMR Group Inc/The                     | RMR Group Inc/The                     | CUSIP: 74967R106<br>LEI: 549300JP4L34E48UJM16 | Long             | EC               | CORP              | US        |     42456 | NS      | $1199382.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Educational Services Corp     | Lincoln Educational Services Corp     | CUSIP: 533535100<br>LEI: 549300BJ55KUY6RG7L98 | Long             | EC               | CORP              | US        |    246407 | NS      | $1426696.53   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                          | Sanmina Corp                          | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     32540 | NS      | $1864216.60   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ePlus Inc                             | ePlus Inc                             | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |     31034 | NS      | $1374185.52   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Heartland Express Inc                 | Heartland Express Inc                 | CUSIP: 422347104<br>LEI: 5299005V45FZIQGLOG39 | Long             | EC               | CORP              | US        |     70313 | NS      | $1078601.42   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Timberland Bancorp Inc/WA             | Timberland Bancorp Inc/WA             | CUSIP: 887098101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54119 | NS      | $1847081.47   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology Inc            | Vishay Intertechnology Inc            | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |     83304 | NS      | $1796867.28   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Skechers USA Inc                      | Skechers USA Inc                      | CUSIP: 830566105<br>LEI: 529900D2R54KZPA4XR56 | Long             | EC               | CORP              | US        |     36600 | NS      | $1535370.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Riley Exploration Permian Inc         | Riley Exploration Permian Inc         | CUSIP: 76665T102<br>LEI: 5493008CUBI02XP43Q95 | Long             | EC               | CORP              | US        |     44230 | NS      | $1301688.90   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider National Inc                | Schneider National Inc                | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |     70750 | NS      | $1655550.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection Inc                     | PC Connection Inc                     | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |     28015 | NS      | $1313903.50   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The                  | Ensign Group Inc/The                  | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |      6491 | NS      | $614113.51    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings Inc                | Employers Holdings Inc                | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9577 | NS      | $413056.01    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises Inc                | Werner Enterprises Inc                | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |     27476 | NS      | $1106183.76   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc           | Sterling Infrastructure Inc           | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |     63556 | NS      | $2084636.80   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd                              | Flex Ltd                              | CUSIP: 000000000<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |     95881 | NS      | $2057606.26   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                            | Korn Ferry                            | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     18164 | NS      | $919461.68    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemung Financial Corp                | Chemung Financial Corp                | CUSIP: 164024101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1360 | NS      | $62383.20     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc               | Insight Enterprises Inc               | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     15107 | NS      | $1514778.89   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimball Electronics Inc               | Kimball Electronics Inc               | CUSIP: 49428J109<br>LEI: 549300COBYN2GZCBIU87 | Long             | EC               | CORP              | US        |     80567 | NS      | $1820008.53   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazydays Holdings Inc                 | Lazydays Holdings Inc                 | CUSIP: 52110H100<br>LEI: 5493006PPWVM3TDVJH23 | Long             | EC               | CORP              | US        |     87640 | NS      | $1046421.60   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp                     | Chord Energy Corp                     | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     12052 | NS      | $1648834.12   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                 | Molina Healthcare Inc                 | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |      5040 | NS      | $1664308.80   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp                          | ArcBest Corp                          | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |     18428 | NS      | $1290697.12   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter's Inc                          | Carter's Inc                          | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     11400 | NS      | $850554.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                    | UFP Industries Inc                    | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     14800 | NS      | $1172900.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Government Obligations Fund | Federated Government Obligations Fund | CUSIP: 60934N807<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |    511027 | NS      | $511026.75    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Community Bancorp Inc/WI     | Citizens Community Bancorp Inc/WI     | CUSIP: 174903104<br>LEI: 549300VKLJAF4WABEF16 | Long             | EC               | CORP              | US        |     63897 | NS      | $768680.91    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomin' Brands Inc                   | Bloomin' Brands Inc                   | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |     69700 | NS      | $1402364.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Malibu Boats Inc                      | Malibu Boats Inc                      | CUSIP: 56117J100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14890 | NS      | $793637.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Riverview Bancorp Inc                 | Riverview Bancorp Inc                 | CUSIP: 769397100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86608 | NS      | $665149.44    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments Inc                   | MKS Instruments Inc                   | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |      1580 | NS      | $133873.40    | 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        |    134220 | NS      | $1014703.20   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup Inc                        | PulteGroup Inc                        | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27200 | NS      | $1238416.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCraft Boat Holdings Inc         | MasterCraft Boat Holdings Inc         | CUSIP: 57637H103<br>LEI: 549300IXWX41555YJ117 | Long             | EC               | CORP              | US        |     34467 | NS      | $891661.29    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Bancorp Inc                     | Unity Bancorp Inc                     | CUSIP: 913290102<br>LEI: 549300Q90ZRNUR65PL93 | Long             | EC               | CORP              | US        |     52481 | NS      | $1434305.73   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp         | Quanex Building Products Corp         | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |     58795 | NS      | $1392265.60   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                          | Tapestry Inc                          | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      3100 | NS      | $118048.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                  | Matador Resources Co                  | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     25900 | NS      | $1482516.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co                           | Moelis & Co                           | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     21432 | NS      | $822345.84    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Pipe Co                     | Northwest Pipe Co                     | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |     39369 | NS      | $1326735.30   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc              | Builders FirstSource Inc              | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     12541 | NS      | $813660.08    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| First United Corp                     | First United Corp                     | CUSIP: 33741H107<br>LEI: 549300G54QPXQLB4KN58 | Long             | EC               | CORP              | US        |      4206 | NS      | $82647.90     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Village Super Market Inc              | Village Super Market Inc              | CUSIP: 927107409<br>LEI: 25490069686XCNNEMQ07 | Long             | EC               | CORP              | US        |     63999 | NS      | $1490536.71   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Saga Communications Inc               | Saga Communications Inc               | CUSIP: 786598300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42616 | NS      | $1005737.60   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Cross Country Healthcare Inc          | Cross Country Healthcare Inc          | CUSIP: 227483104<br>LEI: 54930037L0NBIPZ5S663 | Long             | EC               | CORP              | US        |     58957 | NS      | $1566487.49   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Sciplay Corp                          | Sciplay Corp                          | CUSIP: 809087109<br>LEI: 549300B8E2F1A3EW6869 | Long             | EC               | CORP              | US        |    112268 | NS      | $1805269.44   | 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        |     32591 | NS      | $976752.27    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd                     | Steven Madden Ltd                     | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     42500 | NS      | $1358300.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGA Technologies Inc                 | SIGA Technologies Inc                 | CUSIP: 826917106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    180123 | NS      | $1325705.28   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CNB Financial Corp/PA                 | CNB Financial Corp/PA                 | CUSIP: 126128107<br>LEI: 254900RUYUOKD91VNX69 | Long             | EC               | CORP              | US        |     49624 | NS      | $1180554.96   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Financial Institutions Inc            | Financial Institutions Inc            | CUSIP: 317585404<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36636 | NS      | $892452.96    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc                         | M/I Homes Inc                         | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |     15411 | NS      | $711679.98    | 0.63%             |  |  |  | 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