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Insight into the Royce Micro-Cap Trust (NYSE: RMT)

As of May 31, 2025, Royce Micro-Cap Trust (RMT) showcased intriguing financial metrics that warrant attention from investors and market analysts alike. The fund, which predominantly invests in small-cap companies with a market capitalization of less than $1 billion, displayed a Net Asset Value (NAV) of $9.95, while Market Price (MKT) stood at $8.75. This divergence between NAV and market price could prompt discussions about the fund's valuation and potential investment opportunities.

Performance Overview

At the close of May 2025, Royce Micro-Cap Trust shared its Average Annual Total Return statistics, which highlighted fluctuating returns across various periods:

• - One-Month Total Return: 7.57% (NAV) vs. 6.97% (MKT)
• - Year-to-Date Return: -7.37% (NAV) vs. -8.27% (MKT)
• - One-Year Return: -2.96% (NAV) vs. -1.98% (MKT)
• - Three-Year Return: 6.90% (NAV) vs. 6.76% (MKT)
• - Five-Year Return: 12.71% (NAV) vs. 13.53% (MKT)
• - Ten-Year Return: 8.50% (NAV) vs. 8.60% (MKT)

These figures emphasize the fluctuating nature of investing in micro-cap stocks, where greater volatility is commonplace. Investors should interpret the performance metrics with caution, understanding that past performance does not ensure future success.

Portfolio Composition and Strategy

Royce Micro-Cap Trust prides itself on a diversified portfolio while maintaining a significant investment focus on micro-cap equities. As of reporting, the average market capitalization within its investments was around $694.2 million, with a weighted average Price-to-Book (P/B) ratio calculated at 1.7x. The net assets amounted to approximately $518.4 million, highlighting the trust's market presence and assets under management.

The distribution of holdings within the portfolio revealed that the top five sectors comprised:

• - Industrials: 27.0%
• - Information Technology: 19.7%
• - Financials: 17.4%
• - Health Care: 11.2%
• - Consumer Discretionary: 9.4%

This diversification strategy, particularly within significant sectors, suggests a well-rounded approach to harnessing potential market growth.

Recent Developments and Future Outlook

With an average weekly trading volume of approximately 688,216 shares, Royce Micro-Cap Trust remains active in the investment community. The company’s adviser, with over five decades of small- and micro-cap investment experience, enhances its credibility and potential for navigating market nuances.

Moreover, as market conditions evolve, Royce Micro-Cap Trust aims to continue pursuing long-term capital growth through strategic investments in carefully selected micro-cap companies. For potential investors, it is imperative to analyze the fund's goals, associated risks, fees, and other relevant factors before making investment decisions.

In conclusion, the Royce Micro-Cap Trust (RMT) represents a unique opportunity in the micro-cap space, yet comes with inherent risks. Its performances across different time frames suggest a complex interplay of opportunities and volatility, necessitating careful evaluation. For more detailed performance measures or further updates, interested parties can contact Royce Funds at (800) 221-4268 or visit their website.