NEW YORK, Dec. 22, 2014
- Invests in a limited number of companies using a value
approach
- Average weekly trading volume of approximately 116,000
shares
- Fund's adviser has more than 35 years of investment
experience
Closing Prices – November 30,
2014
NAV $8.46
MKT $7.62
|
Total Return Performance
|
|
Periods ended November 30,
2014
|
NAV
|
MKT
|
|
|
|
|
1 Month*
|
-2.31%
|
-1.80%
|
|
Year to Date*
|
1.24
|
3.88
|
|
One-Year
|
2.95
|
5.80
|
|
Three-Year Average Annual
|
9.15
|
11.24
|
|
Five-Year Average Annual
|
9.23
|
10.17
|
|
Ten-Year Average Annual
|
6.92
|
5.35
|
|
|
|
|
*Not Annualized
|
|
Portfolio
Diagnostics
|
|
|
Wtd. Average
Geometric Market Cap
|
$6426million
|
|
Wtd. Average P/E
Ratio:
|
16.6x*
|
|
Wtd. Average P/B
Ratio:
|
2.1x*
|
|
Net
Assets:
|
$190million
|
|
|
*The Funds' P/E
ratio calculations exclude companies with zero or negative
earnings.
|
|
Portfolio
Composition
|
|
|
|
|
Top 10
Positions
|
% of Net
Assets
|
|
|
|
1.
Apple
|
5.0%
|
|
2.
Western Digital Corp.
|
4.9
|
|
3.
Myriad Genetics
|
4.2
|
|
4.
Franklin Resources
|
4.0
|
|
5.
SanDisk Corp.
|
3.5
|
|
6.
Kennedy-Wilson Holdings
|
3.3
|
|
7.
Thor Industries
|
3.2
|
|
8.
Cirrus Logic
|
3.1
|
|
9.
Exxon Mobile Corp.
|
2.9
|
|
10. TGS-NOPEC
Geophysical
|
2.7
|
|
Top Five
Sectors
|
% of Net
Assets
|
|
|
|
1. Information
Technology
|
21%
|
|
2.
Financials
|
17
|
|
3.
Materials
|
17
|
|
4.
Energy
|
12
|
|
5. Consumer
Discretionary
|
9
|
Recent Developments
The Board of Directors for Royce Focus Trust (FUND) has approved
a new investment advisory agreement with Sprott Asset Management, a
Toronto-based alternative asset
manager, subject to stockholder approval. The Fund expects to hold
a Special Meeting of stockholders to approve the new agreement
during the first calendar quarter of 2015. The Fund's long-time
portfolio manager, W. Whitney
George, would continue to manage the Fund under a
stockholder-approved, new investment advisory agreement.
Royce Focus Trust, Inc. is a closed-end diversified management
investment company whose shares of Common Stock are listed and
traded on the Nasdaq National Market (Nasdaq - FUND). The Fund's
investment goal is long-term capital growth, which it seeks by
normally investing at least 65% of its assets in equity
securities.
Daily net asset values (NAVs) for Royce Focus Trust are now
available on our website and online through most ticker symbol
lookup services and on broker terminals under the symbol XFUNX. For
more information, please call The Royce Funds at (800) 221-4268 or
visit our website at www.roycefunds.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/royce-focus-trust-nasdaq-fund-as-of-november-30-2014-300013273.html
SOURCE Royce Focus Trust, Inc.