Royce Focus Trust (NASDAQ: FUND) as of January 31, 2015
- Invests in a limited number of companies using a value approach
- Average weekly trading volume of approximately 228,000 shares
- Fund's adviser has more than 35 years of investment experience
NEW YORK, Feb. 23, 2015 /PRNewswire/ --
Closing Prices – January 31, 2015 |
NAV $8.10 |
MKT $7.15 |
Total Return Performance |
||
Periods ended January 31, 2015 |
NAV |
MKT |
One Month* |
-1.94% |
-1.65% |
One-Year |
2.02 |
2.22 |
Three-Year Average Annual |
6.22 |
6.39 |
Five-Year Average Annual |
8.70 |
8.51 |
Ten-Year Average Annual |
6.76 |
4.65 |
*Not Annualized |
Portfolio Diagnostics |
|
Wtd. Average Geometric Market Cap |
$5552million |
Wtd. Average P/E Ratio: |
15.8x* |
Wtd. Average P/B Ratio: |
2.1x* |
Net Assets: |
$184million |
*The Funds' P/E ratio calculations exclude companies with zero or negative earnings. |
Portfolio Composition |
|
Top 10 Positions |
% of Net Assets |
1. Apple |
4.8% |
2. Myriad Genetics |
4.6 |
3. Cirrus Logic |
4.3 |
4. Western Digital Corp. |
4.2 |
5. Franklin Resources |
3.8 |
6. Kennedy-Wilson Holdings |
3.8 |
7. TGS-NOPEC Geophysical |
3.0 |
8. Exxon Mobil Corp. |
2.9 |
9. Buckle (The) |
2.8 |
10. Westlake Chemical Corp. |
2.7 |
Top Five Sectors |
% of Net Assets |
1. Information Technology |
19% |
2. Financials |
18 |
3. Materials |
18 |
4. Energy |
12 |
5. Consumer Discretionary |
10 |
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. A Special Meeting of stockholders to approve the new agreement is scheduled for February 26, 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.
SOURCE Royce Focus Trust
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