Hinge Health, Inc.

• Royce Investment Partners Royce Smaller-Companies Growth Fund Manager Commentary ↗ Royce Smaller-Companies Growth Fund favored health-care innovators, AI infrastructure suppliers, and data-center construction beneficiaries, trimming TTM Technologies, Penguin Solutions, and Legence after sharp re-ratings. It exited PAR Technology, Onterris, and Coastal Financial as execution, balance-sheet, and forecastability concerns outweighed their remaining upside. year-to-date period ended 6/30/26 ATEC $1.5BCCB $722MHNGE $7.3B +5

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