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.
1.
Berkshire-Hathaway, Inc.
2.
Mosaic Company (The)
3.
Seabridge Gold
4.
Kennedy-Wilson Holdings
5.
Western Digital
6.
Graftech International
7.
Trican Well Service
8.
Franklin Resources
9.
Reliance Steel & Aluminum
10.
Sanderson Farms
1.
Natural Resources
2.
Industrial Products
3.
Consumer Products
4.
Technology
5.
Financial Services
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) and whose shares of 6.00% Cumulative Preferred Stock are listed and traded on the NYSE (RFO.pra). The Fund’s investment goal is long-term capital growth, which it seeks by normally investing at least 75% of its assets in equity securities.