# EDGAR Filing Document

**Accession Number:** 0000709364
**File Stem:** 0001410368-26-011021
**Filing Date:** 2026-2
**Character Count:** 14566
**Document Hash:** 07f7c8ef9c5e9af9dbfb88c59430b289
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-011021.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0001410368-26-011021

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260212

**DATE AS OF CHANGE**: 20260212

**PERIOD START**: 20251231

**FILER**: 

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

**ORGANIZATION NAME:**
- **EIN:** 133139046
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03599
- **FILM NUMBER:** 26624823

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYCE VALUE FUND INC
- **DATE OF NAME CHANGE:** 19851103

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-03599

- **c. CIK number of Registrant:** 0000709364

- **d. LEI of Registrant:** 2549002ZQ3R56YQP4I31

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

  - **Street Address 1:** ONE MADISON AVENUE

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 212-508-4500

**Item A.2. Information about the Series.**

- **a. Name of Series:** Royce Small-Cap Special Equity Fund

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

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

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $432993698.85

**Total Liabilities:** $665769.69

**Net Assets:** $432327929.16

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026016 | -1.94%               | 1.97%                | 1.34%                |
| Class ID C000026017 | -1.94%               | 1.83%                | 1.26%                |
| Class ID C000026018 | -1.89%               | 1.99%                | 1.33%                |
| Class ID C000026019 | -1.94%               | 1.98%                | 1.33%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2099668.37             | $-7541916.87                               |
| Month 2  | $3193535.55              | $3902442.33                                |
| Month 3  | $6988383.91              | $-1551008.43                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| H&R Block Inc                     | H&R Block Inc                     | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |    316000 | NS      | $13771280.00  | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ESC BOWL AMER INC                 | ESC BOWL AMER INC                 | CUSIP: 102ESC019<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    320000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Commercial Metals Co              | Commercial Metals Co              | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |    127000 | NS      | $8790940.00   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Hill Investment Group Inc | Diamond Hill Investment Group Inc | CUSIP: 25264R207<br>LEI: 549300AQ6779A0B7VZ57 | Long             | EC               | CORP              | US        |    125000 | NS      | $21187500.00  | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Ennis Inc                         | Ennis Inc                         | CUSIP: 293389102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1160000 | NS      | $20891600.00  | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors Inc         | Ethan Allen Interiors Inc         | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    345000 | NS      | $7879800.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc             | Euronet Worldwide Inc             | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     70000 | NS      | $5327700.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc              | Federated Hermes Inc              | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |    301000 | NS      | $15673070.00  | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| GAMCO Investors Inc               | GAMCO Investors Inc               | CUSIP: 361438104<br>LEI: 51A2MDO9SJ2HTOSMLZ76 | Long             | EC               | CORP              | US        |    155000 | NS      | $3782000.00   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Gencor Industries Inc             | Gencor Industries Inc             | CUSIP: 368678108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    925500 | NS      | $11994480.00  | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries Inc          | Gibraltar Industries Inc          | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44000 | NS      | $2175360.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets Inc                | Ingles Markets Inc                | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |    299000 | NS      | $20496450.00  | 4.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                      | Innospec Inc                      | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |      7000 | NS      | $535780.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc            | Insteel Industries Inc            | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |    205000 | NS      | $6492350.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Kewaunee Scientific Corp          | Kewaunee Scientific Corp          | CUSIP: 492854104<br>LEI: 549300Z8MHH8NUYXQ229 | Long             | EC               | CORP              | US        |     46000 | NS      | $1720860.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Inc                        | Macy's Inc                        | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |    900000 | NS      | $19845000.00  | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap Inc            | Marcus & Millichap Inc            | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |    155000 | NS      | $4229950.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Movado Group Inc                  | Movado Group Inc                  | CUSIP: 624580106<br>LEI: 549300WCGCGPWGHVXM59 | Long             | EC               | CORP              | US        |   1005000 | NS      | $20723100.00  | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc            | Mueller Industries Inc            | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |    302500 | NS      | $34727000.00  | 8.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NVE Corp                          | NVE Corp                          | CUSIP: 629445206<br>LEI: 5299003C1ATTWX8X0112 | Long             | EC               | CORP              | US        |    229000 | NS      | $13586570.00  | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Nathan's Famous Inc               | Nathan's Famous Inc               | CUSIP: 632347100<br>LEI: 54930034SKNSF1JIE673 | Long             | EC               | CORP              | US        |      8000 | NS      | $748560.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NWPX Infrastructure Inc           | NWPX Infrastructure Inc           | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |      8500 | NS      | $531165.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil-Dri Corp of America           | Oil-Dri Corp of America           | CUSIP: 677864100<br>LEI: 549300RSG5KPUH16WH66 | Long             | EC               | CORP              | US        |    112000 | NS      | $5481280.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| OneSpan Inc                       | OneSpan Inc                       | CUSIP: 68287N100<br>LEI: 984500E502E6DC354D26 | Long             | EC               | CORP              | US        |     55000 | NS      | $706200.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| John B Sanfilippo & Son Inc       | John B Sanfilippo & Son Inc       | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |    243000 | NS      | $17155800.00  | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Motor Products Inc       | Standard Motor Products Inc       | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |   1025000 | NS      | $37771250.00  | 8.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp        | FIXED INC CLEARING CORP.REPO      | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  60497133 | PA      | $60497132.89  | 13.99%            |  |  |  | No            |                  2 | On Loan: No      |
| Sylvamo Corp                      | Sylvamo Corp                      | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |    346000 | NS      | $16659900.00  | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA Inc                         | TEGNA Inc                         | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |   1100000 | NS      | $21351000.00  | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Metallus Inc                      | Metallus Inc                      | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |    280000 | NS      | $4804800.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                | UFP Industries Inc                | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |    131000 | NS      | $11927550.00  | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Lime & Minerals Inc | United States Lime & Minerals Inc | CUSIP: 911922102<br>LEI: 549300VGDEEG8RT7VC89 | Long             | EC               | CORP              | US        |      8500 | NS      | $1017790.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology Inc        | Vishay Intertechnology Inc        | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |   1380000 | NS      | $19996200.00  | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-15

**Name of Applicant:** ROYCE FUND

**Signature:** John Schwartz

**Name of Signer:** John Schwartz

**Title:** Associate General Counsel