#United States #New York #Royce Small-Cap Trust #Investment Performance #RVT

Overview of Royce Small-Cap Trust

As of March 31, 2025, the Royce Small-Cap Trust (NYSE: RVT) continues to be a frontrunner in the world of small-cap investments, boasting a robust portfolio and diverse sector allocations. With a closing Net Asset Value (NAV) of $15.51 and a market value of $14.24, the Trust showcases its longstanding historical presence in the small-cap closed-end fund space.

Performance Metrics

The performance statistics of the Royce Small-Cap Trust reveal an intriguing snapshot of its investment journey:

• - Average Annual Total Return (as of 03/31/25):

- One-Month: NAV -4.24%, Market -4.64%
- Year to Date: NAV -6.83%, Market -8.02%
- One-Year: NAV -1.11%, Market 2.34%
- Three-Year: NAV 3.63%, Market 2.59%
- Five-Year: NAV 16.00%, Market 17.52%
- Ten-Year: NAV 8.50%, Market 8.81%
These figures reflect the inherent volatility of small-cap investments, yet also signify the Trust's capacity for recovery and growth, particularly over longer investment horizons.

Portfolio Composition

As of the latest review, the Trust has $1.84 billion in net assets and maintains a well-diversified portfolio. Here is a breakdown of some key metrics:

• - Average Market Capitalization: Approximately $2.76 billion
• - Weighted Average P/E Ratio: 16.5x
• - Weighted Average P/B Ratio: 2.0x

Top 10 Holdings

The Trust’s investment strategy highlights its top ten positions as crucial components in achieving its investment goals:
1. Assured Guaranty - 1.6% of net assets
2. SEI Investments - 1.3%
3. PAR Technology - 1.3%
4. IES Holdings - 1.1%
5. E-L Financial - 1.0%
6. Brady Corporation Class A - 1.0%
7. International General Insurance Holdings - 1.0%
8. Alamos Gold Class A - 1.0%
9. Air Lease Class A - 1.0%
10. APi Group - 1.0%

Sector Exposure

In terms of sector exposure, the Trust emphasizes a diversified approach:

• - Financials: 23.6%
• - Industrials: 22.8%
• - Information Technology: 15.0%
• - Health Care: 9.9%
• - Consumer Discretionary: 8.9%

These allocations reflect a balanced approach to investment, positioning the Trust to capitalize on growth in various sectors.

Investment Considerations

Investors are reminded to consider the intrinsic goals, risks, and associated fees before making an investment in the Royce Small-Cap Trust. The fund is subject to market fluctuations, and its share prices may trade below or above their NAV, thus emphasizing the importance of performing due diligence prior to investment.

Conclusion

The Royce Small-Cap Trust continues to stand out in the competitive landscape of closed-end funds, leveraging its expertise in small-cap and micro-cap investments. With over 50 years of dedicated experience from its advisers and a commitment to diversified investment, the Trust remains a noteworthy option for investors seeking long-term capital growth in the small-cap space. For the latest updates and detailed performance metrics, please visit Royce Investment.