Royce Focus Trust (NASDAQ: FUND) as of November 30, 2012

Royce Focus Trust (Nasdaq: FUND) as of November 30, 2012

  • Invests in a limited number of companies using a value approach
  • Average weekly trading volume of approximately 194,000 shares
  • Fund's adviser has more than 35 years of investment experience

NEW YORK--(BUSINESS WIRE)-- Royce Focus Trust, Inc. (NAS: FUND) :

Closing Prices - November 30, 2012

 
NAV   $7.64  
MKT $6.75
 

Total Return Performance

Periods ended November 30, 2012

    NAV     MKT
 
1 Month*

-0.39

%

1.35

%

Year to Date* 8.34 11.81
One-Year 4.30 8.29
Three-Year Average Annual 7.63 8.49
Five-Year Average Annual 1.09 -3.21
Ten-Year Average Annual 11.67 11.37
 

*Not Annualized

 

Portfolio Diagnostics

   
Wtd. Average Geometric Market Cap

$5343

million

Wtd. Average P/E Ratio: 13.7x*
Wtd. Average P/B Ratio: 1.8x*
Net Assets Applicable to Common Stock:

$160

million

Net Leverage: 0.0%
 

*The Funds' P/E ratio calculations exclude companies with zero or negative earnings.


Net leverage is the percentage, in excess of 100%, of the total value of equity type investments, divided by net assets applicable to common stock.

Portfolio Composition

   

Top 10 Positions

% of Net Assets

 
1. Microsoft

3.3

%

2. Berkshire Hathaway Cl. B 3.3
3. Franklin Resources 3.3
4. Analog Devices 3.3
5. Buckle (The) 3.2
6. Western Digital Corp. 3.1
7. Exxon Mobil 3.0
8. Mosaic Company (The) 2.9
9. Helmerich & Payne 2.8
10. Allied Nevada Gold 2.4
 
 

Top Five Sectors

% of Net Assets

1. Materials

30

%

2. Information Technology 17
3. Financials 16
4. Energy 13
5. Consumer Discretionary 7
 

Recent Developments

Royce Focus Trust, Inc. (Nasdaq - FUND) has declared a distribution of $0.17 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock, or in cash by specific stockholder election, is to be paid on December 24, 2012 to stockholders of record at the close of business on December 6, 2012 (ex-dividend on December 4, 2012). The price of shares issued for reinvestment on December 13, 2012 was $6.59.

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.

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Royce Focus Trust, Inc.
John D. Diederich, 212-355-7311

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Royce Focus Trust (NAS: FUND) as of November 30, 2012 originally appeared on Fool.com.

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