# EDGAR Filing Document

**Accession Number:** 0001006387
**File Stem:** 0001410368-26-049633
**Filing Date:** 2026-5
**Character Count:** 93583
**Document Hash:** eec2be45c1b8cd9504bbc6a490098121
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-049633.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0001410368-26-049633

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ROYCE CAPITAL FUND
- **CENTRAL INDEX KEY:** 0001006387

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07537
- **FILM NUMBER:** 261006746

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 2125084599

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

## Series and Classes Contracts Data

### Royce Capital Fund - Micro-Cap Portfolio (Series ID: S000009496)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000025976 | Investment Class | RCMCX           |
| C000033015 | Service Class    | RCMSX           |

## Nport-Ex

SCHEDULES OF INVESTMENTS

ROYCE CAPITAL FUND - MICRO-CAP PORTFOLIO

MARCH 31, 2026 (UNAUDITED)

---

| | | |
|:---|:---|:---|
|  | **SHARES** | **VALUE** |
| **COMMON STOCKS – 95.8%** |  |  |
| **Communication Services – 2.1%** |  |  |
| Entertainment - 0.9% |  |  |
| &nbsp;&nbsp;&nbsp;IMAX Corporation <sup>[1](#a001_v1)</sup> | 25265 | $960323 |
| Interactive Media & Services - 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;DHI Group <sup>[1](#a001_v1)</sup> | 74434 | 209159 |
| &nbsp;&nbsp;&nbsp;QuinStreet <sup>[1](#a001_v1)</sup> | 53696 | 644889 |
|  |  | 854048 |
| Media - 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Magnite <sup>[1](#a001_v1)</sup> | 31720 | 376834 |
| **Total** |  | 2191205 |
| **Consumer Discretionary – 11.2%** |  |  |
| Automobile Components - 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;Fox Factory Holding Corp. <sup>[1](#a001_v1)</sup> | 26287 | 432684 |
| &nbsp;&nbsp;&nbsp;Stoneridge <sup>[1](#a001_v1)</sup> | 72052 | 348011 |
|  |  | 780695 |
| Diversified Consumer Services - 2.6% |  |  |
| &nbsp;&nbsp;&nbsp;Legacy Education <sup>[1](#a001_v1)</sup> | 81917 | 1025601 |
| &nbsp;&nbsp;&nbsp;Lincoln Educational Services <sup>[1](#a001_v1)</sup> | 41816 | 1701075 |
|  |  | 2726676 |
| Hotels, Restaurants & Leisure - 2.0% |  |  |
| &nbsp;&nbsp;&nbsp;Century Casinos <sup>[1](#a001_v1)</sup> | 149217 | 207412 |
| &nbsp;&nbsp;&nbsp;First Watch Restaurant Group <sup>[1](#a001_v1)</sup> | 26749 | 280329 |
| &nbsp;&nbsp;&nbsp;Lindblad Expeditions Holdings <sup>[1](#a001_v1)</sup> | 64030 | 1107719 |
| &nbsp;&nbsp;&nbsp;Target Hospitality <sup>[1](#a001_v1)</sup> | 46561 | 432086 |
|  |  | 2027546 |
| Household Durables - 1.3% |  |  |
| &nbsp;&nbsp;&nbsp;Hovnanian Enterprises Cl. A <sup>[1](#a001_v1)</sup> | 3250 | 360458 |
| &nbsp;&nbsp;&nbsp;Legacy Housing <sup>[1](#a001_v1)</sup> | 33004 | 674272 |
| &nbsp;&nbsp;&nbsp;LGI Homes <sup>[1](#a001_v1)</sup> | 8225 | 325134 |
|  |  | 1359864 |
| Leisure Products - 1.4% |  |  |
| &nbsp;&nbsp;&nbsp;American Outdoor Brands <sup>[1](#a001_v1)</sup> | 84422 | 788501 |
| &nbsp;&nbsp;&nbsp;MasterCraft Boat Holdings <sup>[1](#a001_v1)</sup> | 34745 | 712620 |
|  |  | 1501121 |
| Specialty Retail - 2.6% |  |  |
| &nbsp;&nbsp;&nbsp;Bed Bath & Beyond <sup>[1](#a001_v1)</sup> | 70172 | 325598 |
| &nbsp;&nbsp;&nbsp;Citi Trends <sup>[1](#a001_v1)</sup> | 22369 | 969025 |
| &nbsp;&nbsp;&nbsp;J.Jill | 25532 | 292597 |
| &nbsp;&nbsp;&nbsp;OneWater Marine Cl. A <sup>[1](#a001_v1)</sup> | 50195 | 474343 |
| &nbsp;&nbsp;&nbsp;RealReal <sup>[1](#a001_v1)</sup> | 52376 | 475574 |
| &nbsp;&nbsp;&nbsp;Shoe Carnival | 7205 | 112326 |
|  |  | 2649463 |
| Textiles, Apparel & Luxury Goods - 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Lakeland Industries <sup>[1](#a001_v1)</sup> | 39067 | 319959 |
| &nbsp;&nbsp;&nbsp;Vera Bradley <sup>[1](#a001_v1)</sup> | 55034 | 173907 |
|  |  | 493866 |
| **Total** |  | 11539231 |
| **Consumer Staples – 0.1%** |  |  |
| Food Products - 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;Seneca Foods Cl. A <sup>[1](#a001_v1)</sup> | 984 | 148702 |
| **Total** |  | 148702 |
| **Energy – 4.5%** |  |  |
| Energy Equipment & Services - 3.4% |  |  |
| &nbsp;&nbsp;&nbsp;Natural Gas Services Group | 35835 | 1352413 |
| &nbsp;&nbsp;&nbsp;Pason Systems | 72779 | 692685 |
| &nbsp;&nbsp;&nbsp;Ranger Energy Services Cl. A | 39207 | 672008 |
| &nbsp;&nbsp;&nbsp;Select Water Solutions Cl. A | 52727 | 806723 |
|  |  | 3523829 |
| Oil, Gas & Consumable Fuels - 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;Riley Exploration Permian | 14946 | 544781 |
| &nbsp;&nbsp;&nbsp;SandRidge Energy | 34151 | 557003 |
|  |  | 1101784 |
| **Total** |  | 4625613 |
| **Financials – 13.7%** |  |  |
| Banks - 7.8% |  |  |
| &nbsp;&nbsp;&nbsp;BayCom Corp. | 24092 | 716135 |
| &nbsp;&nbsp;&nbsp;Chain Bridge Bancorp Cl. A <sup>[1](#a001_v1)</sup> | 18375 | 641287 |
| &nbsp;&nbsp;&nbsp;Coastal Financial <sup>[1](#a001_v1)</sup> | 5115 | 389251 |
| &nbsp;&nbsp;&nbsp;Customers Bancorp <sup>[1](#a001_v1)</sup> | 13361 | 927387 |
| &nbsp;&nbsp;&nbsp;Esquire Financial Holdings | 5656 | 608020 |
| &nbsp;&nbsp;&nbsp;HBT Financial | 21758 | 581374 |
| &nbsp;&nbsp;&nbsp;Hingham Institution for Savings | 2227 | 636566 |
| &nbsp;&nbsp;&nbsp;HomeTrust Bancshares | 13887 | 592281 |
| &nbsp;&nbsp;&nbsp;Investar Holding | 43335 | 1181745 |
| &nbsp;&nbsp;&nbsp;Midway Investments <sup>[1](#a001_v1),[2](#a002_v1)</sup> | 1751577 | 0 |
| &nbsp;&nbsp;&nbsp;Northeast Bank | 6697 | 752542 |
| &nbsp;&nbsp;&nbsp;Western New England Bancorp | 81137 | 1049101 |
|  |  | 8075689 |
| Capital Markets - 3.7% |  |  |
| &nbsp;&nbsp;&nbsp;Canaccord Genuity Group | 94613 | 810036 |
| &nbsp;&nbsp;&nbsp;Oppenheimer Holdings Cl. A | 11406 | 1017301 |
| &nbsp;&nbsp;&nbsp;Perella Weinberg Partners Cl. A | 10231 | 185795 |
| &nbsp;&nbsp;&nbsp;Silvercrest Asset Management Group Cl. A | 33030 | 443923 |
| &nbsp;&nbsp;&nbsp;Sprott | 9877 | 1409519 |
|  |  | 3866574 |
| Consumer Finance - 1.3% |  |  |
| &nbsp;&nbsp;&nbsp;EZCORP Cl. A <sup>[1](#a001_v1)</sup> | 52910 | 1342856 |
| Insurance - 0.9% |  |  |
| &nbsp;&nbsp;&nbsp;International General Insurance Holdings | 37399 | 905991 |
| **Total** |  | 14191110 |
| **Health Care – 12.5%** |  |  |
| Biotechnology - 1.8% |  |  |
| &nbsp;&nbsp;&nbsp;Absci Corporation <sup>[1](#a001_v1)</sup> | 67653 | 202959 |
| &nbsp;&nbsp;&nbsp;BridgeBio Oncology Therapeutics <sup>[1](#a001_v1)</sup> | 22007 | 196963 |
| &nbsp;&nbsp;&nbsp;CareDx <sup>[1](#a001_v1)</sup> | 34424 | 597601 |
| &nbsp;&nbsp;&nbsp;Compass Therapeutics <sup>[1](#a001_v1)</sup> | 49763 | 263246 |
| &nbsp;&nbsp;&nbsp;ORIC Pharmaceuticals <sup>[1](#a001_v1)</sup> | 46835 | 593399 |
|  |  | 1854168 |
| Health Care Equipment & Supplies - 4.4% |  |  |
| &nbsp;&nbsp;&nbsp;Acme United | 19360 | 869458 |
| &nbsp;&nbsp;&nbsp;AngioDynamics <sup>[1](#a001_v1)</sup> | 26504 | 301350 |
| &nbsp;&nbsp;&nbsp;Apyx Medical <sup>[1](#a001_v1)</sup> | 215125 | 793811 |
| &nbsp;&nbsp;&nbsp;Artivion <sup>[1](#a001_v1)</sup> | 20208 | 740017 |
| &nbsp;&nbsp;&nbsp;Delcath Systems <sup>[1](#a001_v1)</sup> | 18013 | 167161 |
| &nbsp;&nbsp;&nbsp;Establishment Labs Holdings <sup>[1](#a001_v1)</sup> | 17645 | 1001883 |
| &nbsp;&nbsp;&nbsp;Profound Medical <sup>[1](#a001_v1)</sup> | 102757 | 657420 |
|  |  | 4531100 |
| Health Care Providers & Services - 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;AMN Healthcare Services <sup>[1](#a001_v1)</sup> | 42514 | 779707 |
| &nbsp;&nbsp;&nbsp;Cross Country Healthcare <sup>[1](#a001_v1)</sup> | 47595 | 447393 |
|  |  | 1227100 |
| Health Care Technology - 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;Certara <sup>[1](#a001_v1)</sup> | 65245 | 371897 |
| &nbsp;&nbsp;&nbsp;Simulations Plus <sup>[1](#a001_v1)</sup> | 39767 | 470046 |
| &nbsp;&nbsp;&nbsp;SOPHiA GENETICS <sup>[1](#a001_v1)</sup> | 51238 | 253628 |
| &nbsp;&nbsp;&nbsp;Veradigm <sup>[1](#a001_v1),[3](#a003_v1)</sup> | 13906 | 64663 |
|  |  | 1160234 |
| Life Sciences Tools & Services - 3.5% |  |  |
| &nbsp;&nbsp;&nbsp;Alpha Teknova <sup>[1](#a001_v1)</sup> | 99046 | 286243 |
| &nbsp;&nbsp;&nbsp;Azenta <sup>[1](#a001_v1)</sup> | 23288 | 492075 |
| &nbsp;&nbsp;&nbsp;BioLife Solutions <sup>[1](#a001_v1)</sup> | 32588 | 621779 |
| &nbsp;&nbsp;&nbsp;Cytek Biosciences <sup>[1](#a001_v1)</sup> | 151203 | 660757 |
| &nbsp;&nbsp;&nbsp;Maravai LifeSciences Holdings Cl. A <sup>[1](#a001_v1)</sup> | 162808 | 460747 |
| &nbsp;&nbsp;&nbsp;Mesa Laboratories | 10017 | 885703 |
| &nbsp;&nbsp;&nbsp;Standard BioTools <sup>[1](#a001_v1)</sup> | 275104 | 252903 |
|  |  | 3660207 |
| Pharmaceuticals - 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Esperion Therapeutics <sup>[1](#a001_v1)</sup> | 167777 | 459709 |
| **Total** |  | 12892518 |
| **Industrials – 25.1%** |  |  |
| Aerospace & Defense - 3.1% |  |  |
| &nbsp;&nbsp;&nbsp;Astronics Corporation <sup>[1](#a001_v1)</sup> | 12787 | 853276 |
| &nbsp;&nbsp;&nbsp;CPI Aerostructures <sup>[1](#a001_v1)</sup> | 95135 | 372929 |
| &nbsp;&nbsp;&nbsp;Park Aerospace | 44473 | 1217671 |
| &nbsp;&nbsp;&nbsp;VSE Corporation | 4217 | 777615 |
|  |  | 3221491 |
| Air Freight & Logistics - 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;Forward Air <sup>[1](#a001_v1),[4](#a004_v1)</sup> | 24698 | 412704 |
| &nbsp;&nbsp;&nbsp;Radiant Logistics <sup>[1](#a001_v1)</sup> | 82041 | 578389 |
|  |  | 991093 |
| Building Products - 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;Janus International Group <sup>[1](#a001_v1)</sup> | 66909 | 344581 |
| &nbsp;&nbsp;&nbsp;Quanex Building Products | 39766 | 714595 |
|  |  | 1059176 |
| Commercial Services & Supplies - 1.7% |  |  |
| &nbsp;&nbsp;&nbsp;ACV Auctions Cl. A <sup>[1](#a001_v1)</sup> | 35417 | 150168 |
| &nbsp;&nbsp;&nbsp;Liquidity Services <sup>[1](#a001_v1)</sup> | 29489 | 901479 |
| &nbsp;&nbsp;&nbsp;Montrose Environmental Group <sup>[1](#a001_v1)</sup> | 32080 | 702231 |
|  |  | 1753878 |
| Construction & Engineering - 3.8% |  |  |
| &nbsp;&nbsp;&nbsp;Ameresco Cl. A <sup>[1](#a001_v1)</sup> | 24276 | 619038 |
| &nbsp;&nbsp;&nbsp;Bowman Consulting Group <sup>[1](#a001_v1)</sup> | 17328 | 492808 |
| &nbsp;&nbsp;&nbsp;Concrete Pumping Holdings <sup>[1](#a001_v1)</sup> | 85878 | 613169 |
| &nbsp;&nbsp;&nbsp;Limbach Holdings <sup>[1](#a001_v1)</sup> | 11013 | 859565 |
| &nbsp;&nbsp;&nbsp;NWPX Infrastructure <sup>[1](#a001_v1)</sup> | 17507 | 1363095 |
|  |  | 3947675 |
| Electrical Equipment - 1.9% |  |  |
| &nbsp;&nbsp;&nbsp;American Superconductor <sup>[1](#a001_v1)</sup> | 12925 | 437511 |
| &nbsp;&nbsp;&nbsp;Hammond Power Solutions Cl. A | 5859 | 738619 |
| &nbsp;&nbsp;&nbsp;LSI Industries | 42670 | 793662 |
|  |  | 1969792 |
| Ground Transportation - 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;Covenant Logistics Group Cl. A | 31525 | 855904 |
| &nbsp;&nbsp;&nbsp;Marten Transport | 26769 | 351477 |
|  |  | 1207381 |
| Machinery - 5.1% |  |  |
| &nbsp;&nbsp;&nbsp;Aebi Schmidt Holding | 31385 | 304748 |
| &nbsp;&nbsp;&nbsp;CECO Environmental <sup>[1](#a001_v1)</sup> | 16412 | 977827 |
| &nbsp;&nbsp;&nbsp;Energy Recovery <sup>[1](#a001_v1)</sup> | 42882 | 431822 |
| &nbsp;&nbsp;&nbsp;Graham Corporation <sup>[1](#a001_v1)</sup> | 16135 | 1273374 |
| &nbsp;&nbsp;&nbsp;Lindsay Corporation | 4137 | 492593 |
| &nbsp;&nbsp;&nbsp;Luxfer Holdings | 70109 | 853928 |
| &nbsp;&nbsp;&nbsp;Perma-Pipe International Holdings <sup>[1](#a001_v1)</sup> | 12064 | 359628 |
| &nbsp;&nbsp;&nbsp;Titan International <sup>[1](#a001_v1)</sup> | 47130 | 325668 |
| &nbsp;&nbsp;&nbsp;Wabash National | 15391 | 132670 |
| &nbsp;&nbsp;&nbsp;Westport Fuel Systems <sup>[1](#a001_v1)</sup> | 45292 | 82432 |
|  |  | 5234690 |
| Marine Transportation - 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Clarkson <sup>[3](#a003_v1)</sup> | 6855 | 420552 |
| Professional Services - 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;Alight Cl. A <sup>[1](#a001_v1)</sup> | 76652 | 44665 |
| &nbsp;&nbsp;&nbsp;Asure Software <sup>[1](#a001_v1)</sup> | 44346 | 381376 |
| &nbsp;&nbsp;&nbsp;Kforce | 15458 | 451992 |
| &nbsp;&nbsp;&nbsp;Mistras Group <sup>[1](#a001_v1)</sup> | 26513 | 391862 |
| &nbsp;&nbsp;&nbsp;TrueBlue <sup>[1](#a001_v1)</sup> | 78163 | 305617 |
|  |  | 1575512 |
| Trading Companies & Distributors - 4.4% |  |  |
| &nbsp;&nbsp;&nbsp;Alta Equipment Group <sup>[1](#a001_v1)</sup> | 55386 | 297423 |
| &nbsp;&nbsp;&nbsp;Distribution Solutions Group <sup>[1](#a001_v1)</sup> | 18743 | 491816 |
| &nbsp;&nbsp;&nbsp;EVI Industries | 35056 | 721453 |
| &nbsp;&nbsp;&nbsp;NPK International <sup>[1](#a001_v1)</sup> | 80760 | 1170212 |
| &nbsp;&nbsp;&nbsp;Titan Machinery <sup>[1](#a001_v1)</sup> | 43800 | 732336 |
| &nbsp;&nbsp;&nbsp;Transcat <sup>[1](#a001_v1)</sup> | 15122 | 1110711 |
|  |  | 4523951 |
| **Total** |  | 25905191 |
| **Information Technology – 21.5%** |  |  |
| Communications Equipment - 4.6% |  |  |
| &nbsp;&nbsp;&nbsp;ADTRAN Holdings <sup>[1](#a001_v1)</sup> | 106158 | 1335468 |
| &nbsp;&nbsp;&nbsp;Applied Optoelectronics <sup>[1](#a001_v1)</sup> | 10266 | 868401 |
| &nbsp;&nbsp;&nbsp;Clearfield <sup>[1](#a001_v1)</sup> | 23563 | 623712 |
| &nbsp;&nbsp;&nbsp;Digi International <sup>[1](#a001_v1)</sup> | 24735 | 1192227 |
| &nbsp;&nbsp;&nbsp;NETGEAR <sup>[1](#a001_v1)</sup> | 19575 | 427518 |
| &nbsp;&nbsp;&nbsp;Ribbon Communications <sup>[1](#a001_v1)</sup> | 137625 | 291765 |
|  |  | 4739091 |
| Electronic Equipment, Instruments & Components - 7.2% |  |  |
| &nbsp;&nbsp;&nbsp;Arlo Technologies <sup>[1](#a001_v1)</sup> | 38221 | 543885 |
| &nbsp;&nbsp;&nbsp;Bel Fuse Cl. B | 6553 | 1297363 |
| &nbsp;&nbsp;&nbsp;Climb Global Solutions <sup>[1](#a001_v1)</sup> | 27608 | 547191 |
| &nbsp;&nbsp;&nbsp;Kraken Robotics <sup>[1](#a001_v1)</sup> | 36423 | 209463 |
| &nbsp;&nbsp;&nbsp;LightPath Technologies Cl. A <sup>[1](#a001_v1)</sup> | 91536 | 918106 |
| &nbsp;&nbsp;&nbsp;Luna Innovations <sup>[1](#a001_v1),[3](#a003_v1),[4](#a004_v1)</sup> | 34622 | 34622 |
| &nbsp;&nbsp;&nbsp;M-tron Industries <sup>[1](#a001_v1)</sup> | 695 | 46461 |
| &nbsp;&nbsp;&nbsp;nLIGHT <sup>[1](#a001_v1)</sup> | 20341 | 1159844 |
| &nbsp;&nbsp;&nbsp;Powerfleet <sup>[1](#a001_v1)</sup> | 201134 | 619493 |
| &nbsp;&nbsp;&nbsp;Richardson Electronics | 88649 | 970706 |
| &nbsp;&nbsp;&nbsp;SmartRent Cl. A <sup>[1](#a001_v1)</sup> | 59028 | 88542 |
| &nbsp;&nbsp;&nbsp;Vishay Precision Group <sup>[1](#a001_v1)</sup> | 22813 | 990540 |
|  |  | 7426216 |
| Semiconductors & Semiconductor Equipment - 8.9% |  |  |
| &nbsp;&nbsp;&nbsp;Aehr Test Systems <sup>[1](#a001_v1),[4](#a004_v1)</sup> | 9199 | 341099 |
| &nbsp;&nbsp;&nbsp;Alpha and Omega Semiconductor <sup>[1](#a001_v1)</sup> | 15231 | 337519 |
| &nbsp;&nbsp;&nbsp;Camtek <sup>[1](#a001_v1)</sup> | 6715 | 1018061 |
| &nbsp;&nbsp;&nbsp;Cohu <sup>[1](#a001_v1)</sup> | 44807 | 1371990 |
| &nbsp;&nbsp;&nbsp;Ichor Holdings <sup>[1](#a001_v1)</sup> | 30765 | 1433957 |
| &nbsp;&nbsp;&nbsp;inTEST Corporation <sup>[1](#a001_v1)</sup> | 70260 | 959049 |
| &nbsp;&nbsp;&nbsp;Kopin Corporation <sup>[1](#a001_v1)</sup> | 374129 | 841790 |
| &nbsp;&nbsp;&nbsp;Nova <sup>[1](#a001_v1)</sup> | 2305 | 1001015 |
| &nbsp;&nbsp;&nbsp;Penguin Solutions <sup>[1](#a001_v1)</sup> | 19691 | 346562 |
| &nbsp;&nbsp;&nbsp;Ultra Clean Holdings <sup>[1](#a001_v1)</sup> | 25163 | 1564635 |
|  |  | 9215677 |
| Software - 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;PagerDuty <sup>[1](#a001_v1)</sup> | 41118 | 255343 |
| &nbsp;&nbsp;&nbsp;PAR Technology <sup>[1](#a001_v1)</sup> | 30465 | 406098 |
|  |  | 661441 |
| Technology Hardware, Storage & Peripherals - 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;AstroNova <sup>[1](#a001_v1)</sup> | 14330 | 131693 |
| **Total** |  | 22174118 |
| **Materials – 4.8%** |  |  |
| Chemicals - 2.0% |  |  |
| &nbsp;&nbsp;&nbsp;Core Molding Technologies <sup>[1](#a001_v1)</sup> | 25538 | 572051 |
| &nbsp;&nbsp;&nbsp;5N Plus <sup>[1](#a001_v1)</sup> | 67867 | 1545559 |
|  |  | 2117610 |
| Metals & Mining - 2.8% |  |  |
| &nbsp;&nbsp;&nbsp;Alphamin Resources | 43153 | 35674 |
| &nbsp;&nbsp;&nbsp;Altius Minerals | 31762 | 1117184 |
| &nbsp;&nbsp;&nbsp;Ferroglobe | 130217 | 536494 |
| &nbsp;&nbsp;&nbsp;Major Drilling Group International <sup>[1](#a001_v1)</sup> | 102097 | 1175756 |
|  |  | 2865108 |
| **Total** |  | 4982718 |
| **Real Estate – 0.3%** |  |  |
| Real Estate Management & Development - 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Marcus & Millichap | 13482 | 358486 |
| **Total** |  | 358486 |
| **TOTAL COMMON STOCKS** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $68,751,666) |  | 99008892 |
| **INVESTMENTS AT VALUE** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $68,751,666) |  | 99008892 |
| **REPURCHASE AGREEMENT – 4.0%** |  |  |
| Fixed Income Clearing Corporation, |  |  |
| &nbsp;&nbsp;&nbsp;3.00% dated 3/31/26, due 4/1/26, |  |  |
| &nbsp;&nbsp;&nbsp;maturity value $4,177,611 (collateralized |  |  |
| &nbsp;&nbsp;&nbsp;by obligations of U.S. Government |  |  |
| &nbsp;&nbsp;&nbsp;Agencies, 3.625% due 8/31/27, valued at $4,260,986) |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $4,177,263) |  | 4177263 |
| **TOTAL INVESTMENTS – 99.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cost $72,928,929) |  | 103186155 |
| **CASH AND OTHER ASSETS** |  |  |
| &nbsp;&nbsp;&nbsp;**LESS LIABILITIES – 0.2%** |  | 199222 |
| **NET ASSETS – 100.0%** |  | $**103385377** |

---

SCHEDULES OF INVESTMENTS

ROYCE CAPITAL FUND - SMALL-CAP PORTFOLIO

MARCH 31, 2026 (UNAUDITED)

---

| | | |
|:---|:---|:---|
|  | **SHARES** | **VALUE** |
| **COMMON STOCKS – 99.2%** |  |  |
| **Consumer Discretionary – 23.7%** |  |  |
| Automobile Components - 5.0% |  |  |
| &nbsp;&nbsp;&nbsp;Gentex Corporation | 121756 | $2660369 |
| &nbsp;&nbsp;&nbsp;Lear Corporation | 26025 | 3151107 |
| &nbsp;&nbsp;&nbsp;Visteon Corporation | 29876 | 2722002 |
|  |  | 8533478 |
| Diversified Consumer Services - 2.1% |  |  |
| &nbsp;&nbsp;&nbsp;frontdoor <sup>[1](#a001_v1)</sup> | 24324 | 1285767 |
| &nbsp;&nbsp;&nbsp;Stride <sup>[1](#a001_v1)</sup> | 27071 | 2386850 |
|  |  | 3672617 |
| Hotels, Restaurants & Leisure - 1.4% |  |  |
| &nbsp;&nbsp;&nbsp;Boyd Gaming | 28954 | 2379440 |
| Household Durables - 6.4% |  |  |
| &nbsp;&nbsp;&nbsp;Ethan Allen Interiors | 46852 | 1042925 |
| &nbsp;&nbsp;&nbsp;M/I Homes <sup>[1](#a001_v1)</sup> | 24112 | 2952514 |
| &nbsp;&nbsp;&nbsp;Meritage Homes | 24908 | 1540311 |
| &nbsp;&nbsp;&nbsp;PulteGroup | 25265 | 2971417 |
| &nbsp;&nbsp;&nbsp;Taylor Morrison Home <sup>[1](#a001_v1)</sup> | 43135 | 2512182 |
|  |  | 11019349 |
| Specialty Retail - 7.2% |  |  |
| &nbsp;&nbsp;&nbsp;Academy Sports & Outdoors | 47262 | 2667940 |
| &nbsp;&nbsp;&nbsp;Buckle (The) | 59411 | 2991938 |
| &nbsp;&nbsp;&nbsp;J.Jill | 170743 | 1956715 |
| &nbsp;&nbsp;&nbsp;Shoe Carnival | 129625 | 2020854 |
| &nbsp;&nbsp;&nbsp;Signet Jewelers | 26612 | 2252439 |
| &nbsp;&nbsp;&nbsp;Williams-Sonoma | 2184 | 398209 |
|  |  | 12288095 |
| Textiles, Apparel & Luxury Goods - 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;Kontoor Brands | 37748 | 2653307 |
| **Total** |  | 40546286 |
| **Consumer Staples – 2.0%** |  |  |
| Consumer Staples Distribution & Retail - 2.0% |  |  |
| &nbsp;&nbsp;&nbsp;Village Super Market Cl. A | 80814 | 3412775 |
| **Total** |  | 3412775 |
| **Energy – 7.8%** |  |  |
| Oil, Gas & Consumable Fuels - 7.8% |  |  |
| &nbsp;&nbsp;&nbsp;Chord Energy | 11674 | 1659809 |
| &nbsp;&nbsp;&nbsp;Matador Resources | 50556 | 3194128 |
| &nbsp;&nbsp;&nbsp;Riley Exploration Permian | 63196 | 2303494 |
| &nbsp;&nbsp;&nbsp;SM Energy | 101071 | 3151394 |
| &nbsp;&nbsp;&nbsp;Teekay Tankers Cl. A | 41926 | 3074015 |
| **Total** |  | 13382840 |
| **Financials – 26.6%** |  |  |
| Banks - 20.0% |  |  |
| &nbsp;&nbsp;&nbsp;Beacon Financial | 81850 | 2455500 |
| &nbsp;&nbsp;&nbsp;Burke & Herbert Financial Services | 37431 | 2331577 |
| &nbsp;&nbsp;&nbsp;Business First Bancshares | 91458 | 2473024 |
| &nbsp;&nbsp;&nbsp;Civista Bancshares | 116248 | 2649292 |
| &nbsp;&nbsp;&nbsp;CNB Financial | 62209 | 1801573 |
| &nbsp;&nbsp;&nbsp;Dime Community Bancshares | 12881 | 435635 |
| &nbsp;&nbsp;&nbsp;First Bank | 171913 | 2750608 |
| &nbsp;&nbsp;&nbsp;FS Bancorp | 62132 | 2397674 |
| &nbsp;&nbsp;&nbsp;Heritage Financial | 52007 | 1352182 |
| &nbsp;&nbsp;&nbsp;Mid Penn Bancorp | 63572 | 2044476 |
| &nbsp;&nbsp;&nbsp;OceanFirst Financial | 65883 | 1188529 |
| &nbsp;&nbsp;&nbsp;Princeton Bancorp | 50907 | 1719129 |
| &nbsp;&nbsp;&nbsp;Timberland Bancorp | 86554 | 3412824 |
| &nbsp;&nbsp;&nbsp;TrustCo Bank Corp NY | 9906 | 433685 |
| &nbsp;&nbsp;&nbsp;Unity Bancorp | 59644 | 3091349 |
| &nbsp;&nbsp;&nbsp;Univest Financial | 34330 | 1176146 |
| &nbsp;&nbsp;&nbsp;WesBanco | 61976 | 2137552 |
| &nbsp;&nbsp;&nbsp;Western New England Bancorp | 19951 | 257966 |
|  |  | 34108721 |
| Capital Markets - 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;Evercore Cl. A | 9418 | 2811367 |
| Financial Services - 1.7% |  |  |
| &nbsp;&nbsp;&nbsp;Enact Holdings | 70474 | 2876044 |
| Insurance - 3.3% |  |  |
| &nbsp;&nbsp;&nbsp;Donegal Group Cl. A | 125479 | 2155730 |
| &nbsp;&nbsp;&nbsp;Tiptree | 71387 | 1207868 |
| &nbsp;&nbsp;&nbsp;United Fire Group | 60785 | 2252692 |
|  |  | 5616290 |
| **Total** |  | 45412422 |
| **Health Care – 10.0%** |  |  |
| Biotechnology - 2.6% |  |  |
| &nbsp;&nbsp;&nbsp;Catalyst Pharmaceuticals <sup>[1](#a001_v1)</sup> | 138741 | 3435227 |
| &nbsp;&nbsp;&nbsp;Entrada Therapeutics <sup>[1](#a001_v1)</sup> | 76461 | 964938 |
|  |  | 4400165 |
| Health Care Providers & Services - 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;Pediatrix Medical Group <sup>[1](#a001_v1)</sup> | 61116 | 1307271 |
| Pharmaceuticals - 6.6% |  |  |
| &nbsp;&nbsp;&nbsp;Amphastar Pharmaceuticals <sup>[1](#a001_v1)</sup> | 91885 | 1800027 |
| &nbsp;&nbsp;&nbsp;Collegium Pharmaceutical <sup>[1](#a001_v1)</sup> | 59570 | 1969980 |
| &nbsp;&nbsp;&nbsp;CorMedix <sup>[1](#a001_v1)</sup> | 284829 | 1933989 |
| &nbsp;&nbsp;&nbsp;Harmony Biosciences Holdings <sup>[1](#a001_v1)</sup> | 76841 | 2152316 |
| &nbsp;&nbsp;&nbsp;Innoviva <sup>[1](#a001_v1)</sup> | 109442 | 2549999 |
| &nbsp;&nbsp;&nbsp;SIGA Technologies | 170858 | 914090 |
|  |  | 11320401 |
| **Total** |  | 17027837 |
| **Industrials – 16.6%** |  |  |
| Building Products - 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;UFP Industries | 4488 | 413435 |
| Commercial Services & Supplies - 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;Interface | 103233 | 2572566 |
| Construction & Engineering - 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;Sterling Infrastructure <sup>[1](#a001_v1)</sup> | 2544 | 1036095 |
| Ground Transportation - 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;ArcBest Corporation | 13633 | 1340942 |
| Machinery - 3.7% |  |  |
| &nbsp;&nbsp;&nbsp;Allison Transmission Holdings | 27131 | 3175955 |
| &nbsp;&nbsp;&nbsp;Blue Bird <sup>[1](#a001_v1)</sup> | 55000 | 3123450 |
|  |  | 6299405 |
| Marine Transportation - 1.8% |  |  |
| &nbsp;&nbsp;&nbsp;Genco Shipping & Trading | 134579 | 3034756 |
| Professional Services - 7.0% |  |  |
| &nbsp;&nbsp;&nbsp;Barrett Business Services | 60475 | 1764660 |
| &nbsp;&nbsp;&nbsp;IBEX <sup>[1](#a001_v1)</sup> | 126590 | 3395144 |
| &nbsp;&nbsp;&nbsp;Kforce | 48754 | 1425567 |
| &nbsp;&nbsp;&nbsp;Korn Ferry | 44550 | 2804423 |
| &nbsp;&nbsp;&nbsp;MAXIMUS | 39202 | 2512848 |
|  |  | 11902642 |
| Trading Companies & Distributors - 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;DNOW <sup>[1](#a001_v1)</sup> | 151909 | 1809236 |
| **Total** |  | 28409077 |
| **Information Technology – 12.5%** |  |  |
| Electronic Equipment, Instruments & Components - 8.3% |  |  |
| &nbsp;&nbsp;&nbsp;Bel Fuse Cl. B | 5189 | 1027318 |
| &nbsp;&nbsp;&nbsp;ePlus | 22724 | 1709981 |
| &nbsp;&nbsp;&nbsp;Flex <sup>[1](#a001_v1)</sup> | 24390 | 1596569 |
| &nbsp;&nbsp;&nbsp;Jabil | 5518 | 1465746 |
| &nbsp;&nbsp;&nbsp;PC Connection | 37025 | 2164482 |
| &nbsp;&nbsp;&nbsp;Sanmina Corporation <sup>[1](#a001_v1)</sup> | 20893 | 2708569 |
| &nbsp;&nbsp;&nbsp;TD SYNNEX | 20825 | 3513386 |
|  |  | 14186051 |
| Semiconductors & Semiconductor Equipment - 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;Amkor Technology | 30109 | 1355808 |
| Software - 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;Adeia | 81076 | 1948256 |
| Technology Hardware, Storage & Peripherals - 2.2% |  |  |
| &nbsp;&nbsp;&nbsp;Diebold Nixdorf <sup>[1](#a001_v1)</sup> | 49852 | 3760835 |
| **Total** |  | 21250950 |
| **TOTAL COMMON STOCKS** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $127,144,316) |  | 169442187 |
| **INVESTMENTS AT VALUE** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $127,144,316) |  | 169442187 |
| **REPURCHASE AGREEMENT – 1.0%** |  |  |
| Fixed Income Clearing Corporation, |  |  |
| &nbsp;&nbsp;&nbsp;3.00% dated 3/31/26, due 4/1/26, |  |  |
| &nbsp;&nbsp;&nbsp;maturity value $1,654,528 (collateralized |  |  |
| &nbsp;&nbsp;&nbsp;by obligations of U.S. Government |  |  |
| &nbsp;&nbsp;&nbsp;Agencies, 3.625% due 8/31/27, valued at $1,687,490) |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,654,390) |  | 1654390 |
| **TOTAL INVESTMENTS – 100.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Cost $128,798,706) |  | 171096577 |
| **LIABILITIES LESS CASH** |  |  |
| &nbsp;&nbsp;&nbsp;**AND OTHER ASSETS – (0.2)%** |  | (276818) |
| **NET ASSETS – 100.0%** |  | $**170819759** |

---

<sup>1</sup> Non-income producing.

<sup>2</sup> A security for which market quotations are not readily available represents 0.0% of net assets for Micro-Cap Portfolio. This security has been valued at its fair value under procedures approved by the Fund's Board of Trustees. This security is defined as a Level 3 security due to the use of significant unobservable inputs in the determination of fair value.

<sup>3</sup> These securities are defined as Level 2 securities due to fair value being based on quoted prices for similar securities and/or due to the application of fair value factors.

<sup>4</sup> All or a portion of these securities were on loan as of March 31, 2026.

**Tax Information:**

As of March 31, 2026, net unrealized appreciation (depreciation) based on identified cost for tax purposes was as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | | **Gross Unrealized** | **Gross Unrealized** |
| | <br>**Tax Basis Cost** | **Net Unrealized**<br>**Appreciation**<br>**(Depreciation)** | **Appreciation** | **(Depreciation)** |
| **Micro-Cap Portfolio** | $73048709 | $30137446 | $38689224 | $8551778 |
| **Small-Cap Portfolio** | 129288868 | 41807709 | 48547304 | 6739595 |

---

The primary cause of the difference between book and tax basis cost is the timing of the recognition of losses on securities sold.

**Valuation of Investments:** 

Royce Capital Fund – Micro-Cap Portfolio and Royce Capital Fund – Small-Cap Portfolio (each, a "Fund," and together, the "Funds") are the two series of Royce Capital Fund (the "Trust"), an open-end management investment company organized as a Delaware statutory trust. Royce & Associates, LP, the Funds' investment adviser, is a majority-owned subsidiary of Franklin Resources, Inc. and primarily conducts business using the name Royce Investment Partners ("Royce"). Investment transactions are accounted for on the trade date. Portfolio securities held by the Funds are valued as of the close of trading on the New York Stock Exchange ("NYSE") (generally 4:00 p.m. Eastern time) on the valuation date. Investments in money market funds are valued at net asset value per share. Values for non-U.S. dollar denominated equity securities are converted to U.S. dollars daily based upon prevailing foreign currency exchange rates as quoted by a major bank.

Portfolio securities that are listed on an exchange or Nasdaq, or traded on OTC Market Group Inc.'s OTC Link ATS or other alternative trading system, are valued: (i) on the basis of their last reported sales prices or official closing prices, as applicable, on a valuation date; or (ii) at their highest reported bid prices in the event such equity securities did not trade on a valuation date. Such inputs are generally referred to as "Level 1" inputs because they represent reliable quoted prices in active markets for identical securities.

If the value of a portfolio security held by a Fund cannot be determined solely by reference to Level 1 inputs, such portfolio security will be "fair valued." The Trust's Board of Trustees has designated Royce as valuation designee to perform fair value determinations for such portfolio securities in accordance with Rule 2a-5 under the Investment Company Act of 1940 ("Rule 2a-5"). Pursuant to Rule 2a-5, fair values are determined in accordance with policies and procedures approved by the Trust's Board of Trustees and policies and procedures adopted by Royce in its capacity as valuation designee for the Trust. Fair valued securities are reported as either "Level 2" or "Level 3" securities.

As a general principle, the fair value of a security is the amount which a Fund might reasonably expect to receive for the security upon its current sale. However, in light of the judgment involved in fair valuations, no assurance can be given that a fair value assigned to a particular portfolio security will be the amount which the Fund might be able to receive upon its current sale. When a fair value pricing methodology is used, the fair value prices used by the Fund for such securities will likely differ from the quoted or published prices for the same securities.

Level 2 inputs are other significant observable inputs (e.g., dealer bid side quotes and quoted prices for securities with comparable characteristics). Examples of situations in which Level 2 inputs are used to fair value portfolio securities held by the Funds on a particular valuation date include:

● Over-the-counter equity securities other than those traded on OTC Market Group Inc.'s OTC Link ATS or other alternative trading system (collectively referred to herein as "Other OTC Equity Securities") are fair valued at their highest bid price when Royce receives at least two bid side quotes from dealers who make markets in such securities;

● Certain bonds and other fixed income securities may be fair valued by reference to other securities with comparable ratings, interest rates, and maturities in accordance with valuation methodologies maintained by certain independent pricing services; and

● The Funds use an independent pricing service to fair value certain non-U.S. equity securities when U.S. market volatility exceeds a certain threshold set by Royce as valuation designee. This pricing service uses proprietary correlations it has developed between the movement of prices of non-U.S. equity securities and indices of U.S.-traded securities, futures contracts, and other indications to estimate the fair value of such non-U.S. securities.

Level 3 inputs are significant unobservable inputs. Examples of Level 3 inputs include (without limitation) the last trade price for a security before trading was suspended or terminated; discounts to last trade price for lack of marketability or otherwise; market price information regarding other securities; information received from the issuer and/or published documents, including SEC filings and financial statements; and other publicly available information. Pursuant to the above-referenced policies and procedures, Royce may use various techniques in making fair value determinations based upon Level 3 inputs, which techniques may include (without limitation): (i) workout valuation methods (e.g., earnings multiples, discounted cash flows, liquidation values, derivations of book value, firm or probable offers from qualified buyers for the issuer's ongoing business, etc.); (ii) discount or premium from market, or compilation of other observable market information, for other similar freely traded securities; (iii) conversion from the readily available market price of a security into which an affected security is convertible or exchangeable; and (iv) pricing models or other formulas.

A security that is valued by reference to Level 1 or Level 2 inputs may drop to Level 3 on a particular valuation date for several reasons, including if:

● an equity security that is listed on an exchange or Nasdaq, or traded on OTC Market Group Inc.'s OTC Link ATS or other alternative trading system, has not traded and there are no bids;

● Royce does not receive at least two bid side quotes for an Other OTC Equity Security;

● the independent pricing services are unable to supply fair value prices; or

● the Level 1 or Level 2 inputs become otherwise unreliable for any reason (e.g., a significant event occurs after the close of trading for a security but prior to the time a Fund prices its shares).

The table below shows the aggregate value of the various Level 1, Level 2, and Level 3 securities held by the Funds as of March 31, 2026. Any Level 2 or Level 3 securities held by a Fund are noted in its Schedule of Investments. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with owning those securities.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Micro-Cap Portfolio** |  |  |  |  |
| Common Stocks | $98489055 | $519837 | $0 | $99008892 |
| Repurchase Agreement |  | 4177263 |  | 4177263 |
| **Small-Cap Portfolio** |  |  |  |  |
| Common Stocks | 169442187 |  |  | 169442187 |
| Repurchase Agreement |  | 1654390 |  | 1654390 |

---

**Repurchase Agreements:**

The Funds may enter into repurchase agreements with institutions that the Funds' investment adviser has determined are creditworthy. Each Fund restricts repurchase agreements to maturities of no more than seven days. Securities pledged as collateral for repurchase agreements, which are held until maturity of the repurchase agreements, are marked-to-market daily and maintained at a value at least equal to the principal amount of the repurchase agreement (including accrued interest). Repurchase agreements could involve certain risks in the event of default or insolvency of the counter-party, including possible delays or restrictions upon the ability of each Fund to dispose of its underlying securities. The remaining contractual maturities of repurchase agreements held by the Funds as of March 31, 2026, are next business day and continuous.

**Securities Lending:** 

The Funds loan securities through a lending agent, State Street Bank and Trust Company, to qualified institutional investors for the purpose of earning additional income. The lending agent receives and holds collateral from such borrowers to secure their obligations to the Funds. Such loans must be secured at all times by collateral in an amount at least equal to the market value of the loaned securities. The market values of the loaned securities and the collateral fluctuate and are determined at the close of each business day by the lending agent. Borrowers are required to post additional collateral to the lending agent on the next succeeding business day in the event of a collateral shortfall. Counterparty risk is further reduced by loaning securities only to parties that participate in a Global Securities Lending Program organized and monitored by the lending agent and that are deemed by it to satisfy its requirements and by having the lending agent enter into securities lending agreements with such borrowers. The lending agent is not affiliated with Royce.

Collateral may be in the form of cash or U.S. Treasuries. Cash collateral is invested in certain money market pooled investment vehicles. The Funds record a liability in their respective Statements of Assets and Liabilities for the return of such cash collateral during periods in which securities are on loan. The Funds bear the risk of loss for any decrease in the market value of the loaned securities or the investments purchased with cash collateral received from the borrowers.

Pursuant to the agreement in place between the Funds and the lending agent, if a borrower fails to return loaned securities, and the cash collateral being maintained by the lending agent on behalf of such borrower is insufficient to cover the value of loaned securities and provided such collateral insufficiency is not the result of investment losses, the lending agent shall, at its option, either replace the loaned securities or pay the amount of the shortfall to the Funds. In the event of the bankruptcy of a borrower, the Funds could experience delay in recovering the loaned securities or only recover cash or a security of equivalent value.

Loans of securities generally do not have stated maturity dates, and the Funds may recall a security at any time. The Funds' securities lending income consists of the income earned on investing cash collateral, plus any premium payments received for lending certain securities, less any rebates paid to borrowers and lending agent fees associated with the loan. Pursuant to the agreement in place between the Funds and the lending agent, the Funds are responsible for any shortfall in the event the value of the investments purchased with cash collateral is insufficient to pay the rebate fee to the borrower.

The following table presents non-cash collateral and the market value of securities on loan collateralized by non-cash collateral held by the Funds' custodian as of March 31, 2026:

---

| | | | |
|:---|:---|:---|:---|
| | <br>**Non-Cash Collateral** | **Securities on Loan**<br>**Collateralized by Non-Cash Collateral** | <br>**Net Amount** |
| **Micro-Cap Portfolio** | $346256 | $(337943) | $8313 |

---

Other information regarding the Fund is available in the Fund's most recent Prospectus, Annual and Semiannual Shareholder Reports, and Annual and Semiannual Financial Statements. This information is available through Royce Investment Partners (www.royceinvest.com) and on the Securities and Exchange Commission's website (www.sec.gov).

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ROYCE CAPITAL FUND

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

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

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

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 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 Capital Fund - Micro-Cap Portfolio

- **b. EDGAR series identifier (if any):** S000009496

- **c. LEI of Series:** 254900GH9Y64MCQGF592

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $103161752.67

**Total Liabilities:** $168320.79

**Net Assets:** $102993431.88

**Cash Not Reported:** $5781.09

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000025976 | 8.62%                | 6.10%                | -5.57%               |
| Class ID C000033015 | 8.63%                | 6.04%                | -5.60%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1556020.96              | $6762651.08                                |
| Month 2  | $1690605.08              | $4632908.39                                |
| Month 3  | $2469664.73              | $-8497482.75                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Absci Corp                                   | Absci Corp                                   | CUSIP: 00091E109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67653 | NS      | $202959.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ACV Auctions Inc                             | ACV Auctions Inc                             | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35417 | NS      | $150168.08    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc                  | AMN Healthcare Services Inc                  | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |     42514 | NS      | $779706.76    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Acme United Corp                             | Acme United Corp                             | CUSIP: 004816104<br>LEI: 549300NVT8NN13WP8M83 | Long             | EC               | CORP              | US        |     19360 | NS      | $869457.60    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTRAN Holdings Inc                          | ADTRAN Holdings Inc                          | CUSIP: 00486H105<br>LEI: 549300VV36J86CRRWF77 | Long             | EC               | CORP              | US        |    106158 | NS      | $1335467.64   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Aehr Test Systems                            | Aehr Test Systems                            | CUSIP: 00760J108<br>LEI: 529900A4GWWZFRU2RE97 | Long             | EC               | CORP              | US        |      9199 | NS      | $341098.92    | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Alight Inc                                   | Alight Inc                                   | CUSIP: 01626W101<br>LEI: 549300600ESCO1HTVN74 | Long             | EC               | CORP              | US        |     76652 | NS      | $44665.12     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Veradigm Inc                                 | Veradigm Inc                                 | CUSIP: 01988P108<br>LEI: Y68YJHVB1GU4TAU3C223 | Long             | EC               | CORP              | US        |      9271 | NS      | $43110.15     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Clarkson PLC                                 | Clarkson PLC                                 | CUSIP: 000000000<br>LEI: 2138007G6BGTEHI3OT22 | Long             | EC               | CORP              | GB        |      7318 | NS      | $448956.91    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Alpha Teknova Inc                            | Alpha Teknova Inc                            | CUSIP: 02080L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     99046 | NS      | $286242.94    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Altius Minerals Corp                         | Altius Minerals Corp                         | CUSIP: 020936100<br>LEI: 54930083UJGDUCMJMU61 | Long             | EC               | CORP              | CA        |     31762 | NS      | $1117184.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Alta Equipment Group Inc                     | Alta Equipment Group Inc                     | CUSIP: 02128L106<br>LEI: 549300DGOB28CLGS1X27 | Long             | EC               | CORP              | US        |     55386 | NS      | $297422.82    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameresco Inc                                 | Ameresco Inc                                 | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |     24276 | NS      | $619038.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| American Outdoor Brands Inc                  | American Outdoor Brands Inc                  | CUSIP: 02875D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84422 | NS      | $788501.48    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| American Superconductor Corp                 | American Superconductor Corp                 | CUSIP: 030111207<br>LEI: 549300S9YT8Z8LOK4452 | Long             | EC               | CORP              | US        |     12925 | NS      | $437511.25    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| AngioDynamics Inc                            | AngioDynamics Inc                            | CUSIP: 03475V101<br>LEI: 549300W3VKC5ZKMO8C28 | Long             | EC               | CORP              | US        |     26504 | NS      | $301350.48    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Optoelectronics Inc                  | Applied Optoelectronics Inc                  | CUSIP: 03823U102<br>LEI: 529900I8U6Q5SYDNLT48 | Long             | EC               | CORP              | US        |     10266 | NS      | $868400.94    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Apyx Medical Corp                            | Apyx Medical Corp                            | CUSIP: 03837C106<br>LEI: 5299009QZVYUYO082S45 | Long             | EC               | CORP              | US        |    215125 | NS      | $793811.25    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Arlo Technologies Inc                        | Arlo Technologies Inc                        | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Long             | EC               | CORP              | US        |     38221 | NS      | $543884.83    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| AstroNova Inc                                | AstroNova Inc                                | CUSIP: 04638F108<br>LEI: 549300D8PFP62QX00223 | Long             | EC               | CORP              | US        |     15035 | NS      | $138171.65    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp                               | Astronics Corp                               | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |     12787 | NS      | $853276.51    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Asure Software Inc                           | Asure Software Inc                           | CUSIP: 04649U102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44346 | NS      | $381375.60    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BayCom Corp                                  | BayCom Corp                                  | CUSIP: 07272M107<br>LEI: 549300UOLS54Q5ONIG33 | Long             | EC               | CORP              | US        |     24092 | NS      | $716134.70    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Bel Fuse Inc                                 | Bel Fuse Inc                                 | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |      6553 | NS      | $1297362.94   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BioLife Solutions Inc                        | BioLife Solutions Inc                        | CUSIP: 09062W204<br>LEI: 549300G2IVCMC2TJDW72 | Long             | EC               | CORP              | US        |     32588 | NS      | $621779.04    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Bowman Consulting Group Ltd                  | Bowman Consulting Group Ltd                  | CUSIP: 103002101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17328 | NS      | $492808.32    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BridgeBio Oncology Therapeutics Inc          | BridgeBio Oncology Therapeutics Inc          | CUSIP: 107924102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22007 | NS      | $196962.65    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                                   | Azenta Inc                                   | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     23288 | NS      | $492075.44    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CECO Environmental Corp                      | CECO Environmental Corp                      | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |     16412 | NS      | $977826.96    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CPI Aerostructures Inc                       | CPI Aerostructures Inc                       | CUSIP: 125919308<br>LEI: 549300C471OFZGCOHS09 | Long             | EC               | CORP              | US        |     95135 | NS      | $372929.20    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Canaccord Genuity Group Inc                  | Canaccord Genuity Group Inc                  | CUSIP: 134801109<br>LEI: 5493002DR5KW4JP7YS87 | Long             | EC               | CORP              | CA        |     94613 | NS      | $810035.82    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CareDx Inc                                   | CareDx Inc                                   | CUSIP: 14167L103<br>LEI: 549300NQOFKL9NON0U06 | Long             | EC               | CORP              | US        |     34424 | NS      | $597600.64    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Casinos Inc                          | Century Casinos Inc                          | CUSIP: 156492100<br>LEI: 549300H2L4Y24HXY7M50 | Long             | EC               | CORP              | US        |    149217 | NS      | $207411.63    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Certara Inc                                  | Certara Inc                                  | CUSIP: 15687V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61795 | NS      | $352231.50    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Chain Bridge Bancorp Inc                     | Chain Bridge Bancorp Inc                     | CUSIP: 15746L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18375 | NS      | $641287.50    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Citi Trends Inc                              | Citi Trends Inc                              | CUSIP: 17306X102<br>LEI: 529900D06Q0FPHV34S87 | Long             | EC               | CORP              | US        |     22369 | NS      | $969025.08    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearfield Inc                               | Clearfield Inc                               | CUSIP: 18482P103<br>LEI: 529900M4S2OQ1ADPR537 | Long             | EC               | CORP              | US        |     23563 | NS      | $623712.61    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corp/WA                    | Coastal Financial Corp/WA                    | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |      5115 | NS      | $389251.50    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                                     | Cohu Inc                                     | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     44807 | NS      | $1371990.34   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Therapeutics Inc                     | Compass Therapeutics Inc                     | CUSIP: 20454B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49763 | NS      | $263246.27    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Concrete Pumping Holdings Inc                | Concrete Pumping Holdings Inc                | CUSIP: 206704108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85878 | NS      | $613168.92    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Molding Technologies Inc                | Core Molding Technologies Inc                | CUSIP: 218683100<br>LEI: 549300ZY2MFRXCKVIJ28 | Long             | EC               | CORP              | US        |     25538 | NS      | $572051.20    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Covenant Logistics Group Inc                 | Covenant Logistics Group Inc                 | CUSIP: 22284P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31525 | NS      | $855903.75    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Cross Country Healthcare Inc                 | Cross Country Healthcare Inc                 | CUSIP: 227483104<br>LEI: 54930037L0NBIPZ5S663 | Long             | EC               | CORP              | US        |     46128 | NS      | $433603.20    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Artivion Inc                                 | Artivion Inc                                 | CUSIP: 228903100<br>LEI: 549300YTKV8DMSMG6K81 | Long             | EC               | CORP              | US        |     20208 | NS      | $740016.96    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp Inc                        | Customers Bancorp Inc                        | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     13361 | NS      | $927387.01    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytek Biosciences Inc                        | Cytek Biosciences Inc                        | CUSIP: 23285D109<br>LEI: 549300K2J28BOC6FBO89 | Long             | EC               | CORP              | US        |    151203 | NS      | $660757.11    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| DHI Group Inc                                | DHI Group Inc                                | CUSIP: 23331S100<br>LEI: 529900489RAC0CU0AO81 | Long             | EC               | CORP              | US        |     74434 | NS      | $209159.54    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Delcath Systems Inc                          | Delcath Systems Inc                          | CUSIP: 24661P807<br>LEI: 549300NVPLITUM6URT02 | Long             | EC               | CORP              | US        |     18013 | NS      | $167160.64    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc                       | Digi International Inc                       | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     24735 | NS      | $1192227.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| EVI Industries Inc                           | EVI Industries Inc                           | CUSIP: 26929N102<br>LEI: 549300RU296J63VW0297 | Long             | EC               | CORP              | US        |     35056 | NS      | $721452.48    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Recovery Inc                          | Energy Recovery Inc                          | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               | CORP              | US        |     41800 | NS      | $420926.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Esperion Therapeutics Inc                    | Esperion Therapeutics Inc                    | CUSIP: 29664W105<br>LEI: 549300OFU56UKEWVUS92 | Long             | EC               | CORP              | US        |    167777 | NS      | $459708.98    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Esquire Financial Holdings Inc               | Esquire Financial Holdings Inc               | CUSIP: 29667J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5656 | NS      | $608020.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP Inc                                   | EZCORP Inc                                   | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | EC               | CORP              | US        |     52910 | NS      | $1342855.80   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| First Watch Restaurant Group Inc             | First Watch Restaurant Group Inc             | CUSIP: 33748L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25685 | NS      | $269178.80    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| 5N Plus Inc                                  | 5N Plus Inc                                  | CUSIP: 33833X101<br>LEI: 5493005GU1NFX4YB2S73 | Long             | EC               | CORP              | CA        |     67867 | NS      | $1545558.59   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard BioTools Inc                        | Standard BioTools Inc                        | CUSIP: 34385P108<br>LEI: 549300GX8Y96GSB6YP89 | Long             | EC               | CORP              | US        |    275104 | NS      | $252903.11    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Forward Air Corp                             | Forward Air Corp                             | CUSIP: 34986A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24698 | NS      | $412703.58    | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Fox Factory Holding Corp                     | Fox Factory Holding Corp                     | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |     26287 | NS      | $432684.02    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Corp                                  | Graham Corp                                  | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |     16135 | NS      | $1273374.20   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| HBT Financial Inc                            | HBT Financial Inc                            | CUSIP: 404111106<br>LEI: 549300NTXD4Q6UK5BY66 | Long             | EC               | CORP              | US        |     21758 | NS      | $581373.76    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Hammond Power Solutions Inc                  | Hammond Power Solutions Inc                  | CUSIP: 408549103<br>LEI: 549300OLI26OOKEG5V73 | Long             | EC               | CORP              | CA        |      5859 | NS      | $738618.96    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Hingham Institution For Savings The          | Hingham Institution For Savings The          | CUSIP: 433323102<br>LEI: 2549009GDCGUR2T6KU55 | Long             | EC               | CORP              | US        |      2227 | NS      | $636565.68    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| HomeTrust Bancshares Inc                     | HomeTrust Bancshares Inc                     | CUSIP: 437872104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13887 | NS      | $592280.55    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Hovnanian Enterprises Inc                    | Hovnanian Enterprises Inc                    | CUSIP: 442487401<br>LEI: 549300805N4EF0ROBT53 | Long             | EC               | CORP              | US        |      3250 | NS      | $360457.50    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corp                                    | IMAX Corp                                    | CUSIP: 45245E109<br>LEI: 894500GS1ESLAPZCEI74 | Long             | EC               | CORP              | CA        |     25265 | NS      | $960322.65    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| inTEST Corp                                  | inTEST Corp                                  | CUSIP: 461147100<br>LEI: 549300RJJBPHDOAVDU15 | Long             | EC               | CORP              | US        |     70260 | NS      | $959049.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Investar Holding Corp                        | Investar Holding Corp                        | CUSIP: 46134L105<br>LEI: 54930001EK2YM28LOJ08 | Long             | EC               | CORP              | US        |     43335 | NS      | $1181745.45   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| J Jill Inc                                   | J Jill Inc                                   | CUSIP: 46620W201<br>LEI: 529900I19PJIF8MIDL12 | Long             | EC               | CORP              | US        |     24605 | NS      | $281973.30    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc                | Janus International Group Inc                | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64976 | NS      | $334626.40    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce Inc                                   | Kforce Inc                                   | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |     15458 | NS      | $451991.92    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Kopin Corp                                   | Kopin Corp                                   | CUSIP: 500600101<br>LEI: 52990031GUBB61RXCD89 | Long             | EC               | CORP              | US        |    374129 | NS      | $841790.25    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraken Robotics Inc                          | Kraken Robotics Inc                          | CUSIP: 50077N102<br>LEI: 529900IX6H61N726FS70 | Long             | EC               | CORP              | CA        |     36423 | NS      | $209463.01    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI Homes Inc                                | LGI Homes Inc                                | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |      8065 | NS      | $318809.45    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| LSI Industries Inc                           | LSI Industries Inc                           | CUSIP: 50216C108<br>LEI: 529900HY42OANH6BVT33 | Long             | EC               | CORP              | US        |     42670 | NS      | $793662.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Industries Inc                      | Lakeland Industries Inc                      | CUSIP: 511795106<br>LEI: 549300HGP70IM9WKU164 | Long             | EC               | CORP              | US        |     39067 | NS      | $319958.73    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Distribution Solutions Group Inc             | Distribution Solutions Group Inc             | CUSIP: 520776105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18743 | NS      | $491816.32    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Legacy Housing Corp                          | Legacy Housing Corp                          | CUSIP: 52472M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33004 | NS      | $674271.72    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Legacy Education Inc                         | Legacy Education Inc                         | CUSIP: 52474R207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81917 | NS      | $1025600.84   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LightPath Technologies Inc                   | LightPath Technologies Inc                   | CUSIP: 532257805<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91536 | NS      | $918106.08    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Limbach Holdings Inc                         | Limbach Holdings Inc                         | CUSIP: 53263P105<br>LEI: 254900EW8KXT5ZTWQI30 | Long             | EC               | CORP              | US        |     11013 | NS      | $859564.65    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Educational Services Corp            | Lincoln Educational Services Corp            | CUSIP: 533535100<br>LEI: 549300BJ55KUY6RG7L98 | Long             | EC               | CORP              | US        |     41816 | NS      | $1701074.88   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindblad Expeditions Holdings Inc            | Lindblad Expeditions Holdings Inc            | CUSIP: 535219109<br>LEI: 549300GSPW24GZE6R597 | Long             | EC               | CORP              | US        |     64030 | NS      | $1107719.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                                 | Lindsay Corp                                 | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |      4137 | NS      | $492592.59    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Liquidity Services Inc                       | Liquidity Services Inc                       | CUSIP: 53635B107<br>LEI: 5299002AZ4ULSAXN0G81 | Long             | EC               | CORP              | US        |     29489 | NS      | $901478.73    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Luna Innovations Inc                         | Luna Innovations Inc                         | CUSIP: 550351100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34622 | NS      | $34622.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: —       |
| Magnite Inc                                  | Magnite Inc                                  | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |     31720 | NS      | $376833.60    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Major Drilling Group International Inc       | Major Drilling Group International Inc       | CUSIP: 560909103<br>LEI: 549300O1MNHCX2FUBC21 | Long             | EC               | CORP              | CA        |    102097 | NS      | $1175755.83   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Maravai LifeSciences Holdings Inc            | Maravai LifeSciences Holdings Inc            | CUSIP: 56600D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    162808 | NS      | $460746.64    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap Inc                       | Marcus & Millichap Inc                       | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |     13482 | NS      | $358486.38    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Marten Transport Ltd                         | Marten Transport Ltd                         | CUSIP: 573075108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26769 | NS      | $351476.97    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCraft Boat Holdings Inc                | MasterCraft Boat Holdings Inc                | CUSIP: 57637H103<br>LEI: 549300IXWX41555YJ117 | Long             | EC               | CORP              | US        |     34745 | NS      | $712619.95    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesa Laboratories Inc                        | Mesa Laboratories Inc                        | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Long             | EC               | CORP              | US        |     10017 | NS      | $885703.14    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Mistras Group Inc                            | Mistras Group Inc                            | CUSIP: 60649T107<br>LEI: 5493000CMNXVLND3FU73 | Long             | EC               | CORP              | US        |     26513 | NS      | $391862.14    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Montrose Environmental Group Inc             | Montrose Environmental Group Inc             | CUSIP: 615111101<br>LEI: 254900ASI8K3LUB8Q958 | Long             | EC               | CORP              | US        |     32080 | NS      | $702231.20    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Gas Services Group Inc               | Natural Gas Services Group Inc               | CUSIP: 63886Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35835 | NS      | $1352412.90   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NETGEAR Inc                                  | NETGEAR Inc                                  | CUSIP: 64111Q104<br>LEI: 54930067KX3UNRHDWA78 | Long             | EC               | CORP              | US        |     19245 | NS      | $420310.80    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| NPK International Inc                        | NPK International Inc                        | CUSIP: 651718504<br>LEI: 54930073OHWDQW4DJN26 | Long             | EC               | CORP              | US        |     80760 | NS      | $1170212.40   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| nLight Inc                                   | nLight Inc                                   | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20341 | NS      | $1159843.82   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Northeast Bank                               | Northeast Bank                               | CUSIP: 66405S100<br>LEI: 549300F0LV9TSW34E306 | Long             | EC               | CORP              | US        |      6697 | NS      | $752541.89    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| NWPX Infrastructure Inc                      | NWPX Infrastructure Inc                      | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |     17507 | NS      | $1363095.02   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| OneWater Marine Inc                          | OneWater Marine Inc                          | CUSIP: 68280L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50195 | NS      | $474342.75    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Oppenheimer Holdings Inc                     | Oppenheimer Holdings Inc                     | CUSIP: 683797104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11406 | NS      | $1017301.14   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIC Pharmaceuticals Inc                     | ORIC Pharmaceuticals Inc                     | CUSIP: 68622P109<br>LEI: 54930033FJRNEYBW0L25 | Long             | EC               | CORP              | US        |     49504 | NS      | $627215.68    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Bed Bath & Beyond Inc                        | Bed Bath & Beyond Inc                        | CUSIP: 690370101<br>LEI: 549300ACR0DL9U7EI710 | Long             | EC               | CORP              | US        |     70172 | NS      | $325598.08    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PagerDuty Inc                                | PagerDuty Inc                                | CUSIP: 69553P100<br>LEI: 549300U1SB749EDAGH21 | Long             | EC               | CORP              | US        |     41118 | NS      | $255342.78    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PAR Technology Corp                          | PAR Technology Corp                          | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Long             | EC               | CORP              | US        |     30465 | NS      | $406098.45    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Aerospace Corp                          | Park Aerospace Corp                          | CUSIP: 70014A104<br>LEI: 5299004AG0G7IB636095 | Long             | EC               | CORP              | US        |     44473 | NS      | $1217670.74   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Pason Systems Inc                            | Pason Systems Inc                            | CUSIP: 702925108<br>LEI: 984500DC6T2FLR969F65 | Long             | EC               | CORP              | CA        |     72779 | NS      | $692684.90    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions Inc                        | Penguin Solutions Inc                        | CUSIP: 706915105<br>LEI: 254900DVWIPOY3GJ8E23 | Long             | EC               | CORP              | US        |     19691 | NS      | $346561.60    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners                    | Perella Weinberg Partners                    | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10231 | NS      | $185794.96    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Perma-Pipe International Holdings Inc        | Perma-Pipe International Holdings Inc        | CUSIP: 714167103<br>LEI: 549300QBMR25XXRKXK93 | Long             | EC               | CORP              | US        |     12064 | NS      | $359627.84    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Powerfleet Inc NJ                            | Powerfleet Inc NJ                            | CUSIP: 73931J109<br>LEI: 2549007NKEFPYEH4MF81 | Long             | EC               | CORP              | US        |    201134 | NS      | $619492.72    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Profound Medical Corp                        | Profound Medical Corp                        | CUSIP: 74319B502<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    102757 | NS      | $657420.24    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp                | Quanex Building Products Corp                | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |     39766 | NS      | $714595.02    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| QuinStreet Inc                               | QuinStreet Inc                               | CUSIP: 74874Q100<br>LEI: 549300TP8MFBFPOS4Y78 | Long             | EC               | CORP              | US        |     53696 | NS      | $644888.96    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Radiant Logistics Inc                        | Radiant Logistics Inc                        | CUSIP: 75025X100<br>LEI: 549300HWCW2HBOG4GN20 | Long             | EC               | CORP              | US        |     82041 | NS      | $578389.05    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Ranger Energy Services Inc                   | Ranger Energy Services Inc                   | CUSIP: 75282U104<br>LEI: 549300J7RIVGVAN0RE23 | Long             | EC               | CORP              | US        |     39207 | NS      | $672007.98    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ribbon Communications Inc                    | Ribbon Communications Inc                    | CUSIP: 762544104<br>LEI: 549300L1E8Z8RL7CUL52 | Long             | EC               | CORP              | US        |    137625 | NS      | $291765.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Richardson Electronics Ltd/United States     | Richardson Electronics Ltd/United States     | CUSIP: 763165107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88649 | NS      | $970706.55    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Riley Exploration Permian Inc                | Riley Exploration Permian Inc                | CUSIP: 76665T102<br>LEI: 5493008CUBI02XP43Q95 | Long             | EC               | CORP              | US        |     14946 | NS      | $544781.70    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SandRidge Energy Inc                         | SandRidge Energy Inc                         | CUSIP: 80007P869<br>LEI: W1MKPVGS6I5155L7VV67 | Long             | EC               | CORP              | US        |     34151 | NS      | $557002.81    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Water Solutions Inc                   | Select Water Solutions Inc                   | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |     52727 | NS      | $806723.10    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Seneca Foods Corp                            | Seneca Foods Corp                            | CUSIP: 817070501<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       984 | NS      | $148702.08    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc                            | Shoe Carnival Inc                            | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9323 | NS      | $145345.57    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Silvercrest Asset Management Group Inc       | Silvercrest Asset Management Group Inc       | CUSIP: 828359109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33030 | NS      | $443923.20    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Simulations Plus Inc                         | Simulations Plus Inc                         | CUSIP: 829214105<br>LEI: 529900KYRDJAQ8TJCG93 | Long             | EC               | CORP              | US        |     39767 | NS      | $470045.94    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SMARTRENT INC                                | SmartRent Inc                                | CUSIP: 83193G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59028 | NS      | $88542.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Inc                                   | Sprott Inc                                   | CUSIP: 852066208<br>LEI: 254900QHJAD5TP2JNM15 | Long             | EC               | CORP              | CA        |      9877 | NS      | $1409519.11   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp.                  | FIXED INC CLEARING CORP.REPO                 | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   4177263 | PA      | $4177262.74   | 4.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Stoneridge Inc                               | Stoneridge Inc                               | CUSIP: 86183P102<br>LEI: PNBCIH9LE7WI83VJIF08 | Long             | EC               | CORP              | US        |     72052 | NS      | $348011.16    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Hospitality Corp                      | Target Hospitality Corp                      | CUSIP: 87615L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43951 | NS      | $407865.28    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| RealReal Inc/The                             | RealReal Inc/The                             | CUSIP: 88339P101<br>LEI: 549300O00VUGT4H1PE90 | Long             | EC               | CORP              | US        |     52376 | NS      | $475574.08    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan International Inc                      | Titan International Inc                      | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |     47130 | NS      | $325668.30    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Machinery Inc                          | Titan Machinery Inc                          | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |     43800 | NS      | $732336.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcat Inc                                 | Transcat Inc                                 | CUSIP: 893529107<br>LEI: 54930081E40TSSHUOS40 | Long             | EC               | CORP              | US        |     15122 | NS      | $1110710.90   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TrueBlue Inc                                 | TrueBlue Inc                                 | CUSIP: 89785X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78163 | NS      | $305617.33    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings Inc                     | Ultra Clean Holdings Inc                     | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |     25163 | NS      | $1564635.34   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp                                     | VSE Corp                                     | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |      4217 | NS      | $777614.80    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Vera Bradley Inc                             | Vera Bradley Inc                             | CUSIP: 92335C106<br>LEI: 52990005Q6LEJKXO7M51 | Long             | EC               | CORP              | US        |     52729 | NS      | $166623.64    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Precision Group Inc                   | Vishay Precision Group Inc                   | CUSIP: 92835K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22813 | NS      | $990540.46    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corp                         | Wabash National Corp                         | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |     15391 | NS      | $132670.42    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Climb Global Solutions Inc                   | Climb Global Solutions Inc                   | CUSIP: 946760105<br>LEI: 549300LKM16VX2FG7J68 | Long             | EC               | CORP              | US        |     27608 | NS      | $547190.56    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Western New England Bancorp Inc              | Western New England Bancorp Inc              | CUSIP: 958892101<br>LEI: 549300Y8QE4EI2LP6B42 | Long             | EC               | CORP              | US        |     81137 | NS      | $1049101.41   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Westport Fuel Systems Inc                    | Westport Fuel Systems Inc                    | CUSIP: 960908507<br>LEI: 549300ZBKJ4TMPXRB502 | Long             | EC               | CORP              | CA        |     45292 | NS      | $82431.44     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Midway Investments Ltd                       | MIDWAY INVESTMENTS LTD                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |   1751577 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Establishment Labs Holdings Inc              | Establishment Labs Holdings Inc              | CUSIP: 000000000<br>LEI: 549300BCBQ714JNJ7V58 | Long             | EC               | CORP              | VG        |     17645 | NS      | $1001883.10   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferroglobe PLC                               | Ferroglobe PLC                               | CUSIP: 000000000<br>LEI: 2138005GCFJACFTZUD90 | Long             | EC               | CORP              | GB        |    130217 | NS      | $536494.04    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd                           | Ichor Holdings Ltd                           | CUSIP: 000000000<br>LEI: 529900PS8R2JVLJ2H892 | Long             | EC               | CORP              | KY        |     30765 | NS      | $1433956.65   | 1.39%             |  |  |  | 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        |     37036 | NS      | $897197.10    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Luxfer Holdings PLC                          | Luxfer Holdings PLC                          | CUSIP: 000000000<br>LEI: 21380045UF5SJYZOXE41 | Long             | EC               | CORP              | GB        |     70109 | NS      | $853927.62    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha & Omega Semiconductor Ltd              | Alpha & Omega Semiconductor Ltd              | CUSIP: 000000000<br>LEI: 5493001FE7J03YOV2V35 | Long             | EC               | CORP              | BM        |     15231 | NS      | $337518.96    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Aebi Schmidt Holding AG                      | Aebi Schmidt Holding AG                      | CUSIP: 000000000<br>LEI: 506700TN58RT735OV464 | Long             | EC               | CORP              | CH        |     31385 | NS      | $304748.35    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Sophia Genetics SA                           | Sophia Genetics SA                           | CUSIP: 000000000<br>LEI: 506700H1GPU9GGM8W895 | Long             | EC               | CORP              | CH        |     50141 | NS      | $248197.95    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Camtek Ltd/Israel                            | Camtek Ltd/Israel                            | CUSIP: 000000000<br>LEI: 5493000H80W07HCKGS43 | Long             | EC               | CORP              | IL        |      6715 | NS      | $1018061.15   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Nova Ltd                                     | Nova Ltd                                     | CUSIP: 000000000<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | IL        |      2305 | NS      | $1001015.40   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphamin Resources Corp                      | Alphamin Resources Corp                      | CUSIP: 000000000<br>LEI: 529900YI7Z8X5I42E192 | Long             | EC               | CORP              | MU        |     43153 | NS      | $35673.89     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-24

**Name of Applicant:** ROYCE CAPITAL FUND

**Signature:** John Schwartz

**Name of Signer:** John Schwartz

**Title:** Associate General Counsel