Royce Pennsylvania Mutual Fund

Ticker: RYPCX CUSIP: 780905816 Class: Mutual Fund

Janney Montgomery Scott LLC's Holding History (CIK: 0001329948)

Note: Option positions (PUT/CALL) are excluded.

Q2 2015

Shares 11,910 Value ($000) $154,350 Avg Close — Range —

Q1 2014

Shares 11,910 Value ($000) $154,350 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	11,910	$154,350	—	—
Q1 2014	11,910	$154,350	—	—