# EDGAR Filing Document

**Accession Number:** 0000709364
**File Stem:** 0001410368-26-011025
**Filing Date:** 2026-2
**Character Count:** 18568
**Document Hash:** 777c75580c4b9451f48bf62cee7250b8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-011025.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0001410368-26-011025

**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:** 26624829

**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 Smid-Cap Total Return Fund (Series ID: S000009522)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000026035 | Service Class    | RYDVX           |
| C000054171 | Investment Class | RDVIX           |

## 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 SMid-Cap Total Return Fund

- **b. EDGAR series identifier (if any):** S000009522

- **c. LEI of Series:** 2549007MGD3SU9YFNR53

**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:** $31384838.35

**Total Liabilities:** $96846.97

**Net Assets:** $31287991.38

**Cash Not Reported:** $6276.65

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026035 | -3.57%               | 2.55%                | 0.92%                |
| Class ID C000054171 | -3.57%               | 2.61%                | 0.92%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-264901.68              | $-1341729.20                               |
| Month 2  | $943172.99               | $-175942.54                                |
| Month 3  | $552302.30               | $-231191.30                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Academy Sports & Outdoors Inc       | Academy Sports & Outdoors Inc       | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |     22046 | NS      | $1101418.16   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc              | Advance Auto Parts Inc              | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |     28497 | NS      | $1119932.10   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc | Applied Industrial Technologies Inc | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      1693 | NS      | $434711.61    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                      | AptarGroup Inc                      | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |      8030 | NS      | $979338.80    | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                         | Avantor Inc                         | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40374 | NS      | $462686.04    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK Financial Corp                  | BOK Financial Corp                  | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |      4808 | NS      | $569555.68    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                           | Ball Corp                           | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |     13818 | NS      | $731939.46    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc               | Bath & Body Works Inc               | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     15519 | NS      | $311621.52    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                          | Cactus Inc                          | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |       398 | NS      | $18180.64     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                       | Coherent Corp                       | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      3302 | NS      | $609450.14    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark de Mexico SAB de CV  | Kimberly-Clark de Mexico SAB de CV  | CUSIP: 000000000<br>LEI: 549300JGHL56QT00KT54 | Long             | EC               | CORP              | MX        |    260441 | NS      | $555520.69    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc               | Element Solutions Inc               | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |     35113 | NS      | $877473.87    | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The                | Ensign Group Inc/The                | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |      2446 | NS      | $426093.20    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| GCM Grosvenor Inc                   | GCM Grosvenor Inc                   | CUSIP: 36831E108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10710 | NS      | $121237.20    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| German American Bancorp Inc         | German American Bancorp Inc         | CUSIP: 373865104<br>LEI: 5493002JDOI3GTNVUD76 | Long             | EC               | CORP              | US        |     18814 | NS      | $737132.52    | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc                 | Glacier Bancorp Inc                 | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     18146 | NS      | $799331.30    | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co        | Graphic Packaging Holding Co        | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37955 | NS      | $571602.30    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR              | Home BancShares Inc/AR              | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25674 | NS      | $713223.72    | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products Inc     | Installed Building Products Inc     | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |      1264 | NS      | $327868.96    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                             | KBR Inc                             | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     20131 | NS      | $809266.20    | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                          | Korn Ferry                          | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |       369 | NS      | $24361.38     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc      | Kulicke & Soffa Industries Inc      | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |     20964 | NS      | $955119.84    | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc                | Kyndryl Holdings Inc                | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |     40677 | NS      | $1080381.12   | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc       | Lincoln Electric Holdings Inc       | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |       909 | NS      | $217832.76    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc        | MSC Industrial Direct Co Inc        | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |     11738 | NS      | $987165.80    | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp/IN                | Merchants Bancorp/IN                | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Long             | EC               | CORP              | US        |     20001 | NS      | $681234.06    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Pason Systems Inc                   | Pason Systems Inc                   | CUSIP: 702925108<br>LEI: 984500DC6T2FLR969F65 | Long             | EC               | CORP              | CA        |     77964 | NS      | $681059.60    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp                | Quaker Chemical Corp                | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |      6226 | NS      | $854892.06    | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                  | SEI Investments Co                  | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |      8938 | NS      | $733094.76    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp of Florida    | Seacoast Banking Corp of Florida    | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |     14856 | NS      | $466775.52    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc                 | Silgan Holdings Inc                 | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |     23240 | NS      | $938198.80    | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc        | Simpson Manufacturing Co Inc        | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |       845 | NS      | $136442.15    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp          | FIXED INC CLEARING CORP.REPO        | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   2156909 | PA      | $2156908.67   | 6.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Timken Co/The                       | Timken Co/The                       | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |      8775 | NS      | $738240.75    | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Towne Bank/Portsmouth VA            | Towne Bank/Portsmouth VA            | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |     20484 | NS      | $683551.08    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TriNet Group Inc                    | TriNet Group Inc                    | CUSIP: 896288107<br>LEI: 5299003FJVBETSFKE990 | Long             | EC               | CORP              | US        |      8707 | NS      | $514844.91    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                  | UFP Industries Inc                  | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |      8182 | NS      | $744971.10    | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp                        | Vontier Corp                        | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |     26847 | NS      | $998171.46    | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises Inc         | Worthington Enterprises Inc         | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |       484 | NS      | $24959.88     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirax Group PLC                    | Spirax Group PLC                    | CUSIP: 000000000<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |      5626 | NS      | $514512.59    | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Assured Guaranty Ltd                | Assured Guaranty Ltd                | CUSIP: 000000000<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | BM        |     13250 | NS      | $1190777.50   | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd           | Axis Capital Holdings Ltd           | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |      3967 | NS      | $424826.03    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                   | FTAI Aviation Ltd                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      6462 | NS      | $1272044.70   | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group PLC                     | Marex Group PLC                     | CUSIP: 000000000<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |     17054 | NS      | $654191.44    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd          | RenaissanceRe Holdings Ltd          | CUSIP: 000000000<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |      1991 | NS      | $559789.56    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings NV                  | AerCap Holdings NV                  | CUSIP: 000000000<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |      5530 | NS      | $794992.80    | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-26

**Name of Applicant:** ROYCE FUND

**Signature:** John Schwartz

**Name of Signer:** John Schwartz

**Title:** Associate General Counsel