#USA #New York #Royce Micro-Cap Trust #NYSE RMT #small-cap investing

Overview of Royce Micro-Cap Trust (RMT)

As of September 30, 2026, the Royce Micro-Cap Trust (NYSE: RMT) has gained attention due to its unique investment strategy and robust trading volume. The trust targets small and micro-cap companies, which offer significant growth potential despite the higher risk compared to larger cap stocks. With an average weekly trading volume of around 495,572 shares, the trust has established a solid presence in the market.

Historical Performance Metrics

The Royce Micro-Cap Trust has showcased impressive performance over various timeframes:

• - One Month: -0.31% (NAV), -2.35% (Market Price)
• - Year to Date: 35.72% (NAV), 35.30% (Market Price)
• - One Year: 39.07% (NAV), 38.93% (Market Price)
• - Three-Year: 26.43% (NAV), 27.06% (Market Price)
• - Five-Year: 12.41% (NAV), 12.48% (Market Price)
• - Ten-Year: 14.18% (NAV), 14.61% (Market Price)

These figures reflect the fund's focus on long-term capital appreciation through investments primarily in equity securities of companies with a market capitalization under $1 billion. However, it is important to note that past performance does not guarantee future results.

Risk and Investment Considerations

Investing in micro-cap companies entails a distinct set of risks. The volatility of these stocks can be considerably higher than larger companies, causing potential fluctuations in share prices. The Royce Micro-Cap Trust, employing a diversified approach, aims to manage these risks while seeking profitable opportunities within the micro-cap sector.

One notable aspect of the trust's strategy is its emphasis on a broadly diversified portfolio. This approach doesn't guarantee profit or shield against losses completely but aims to balance risk while targeting growth in a diverse set of micro-cap businesses.

Portfolio Insights

As of the end of September 2026, the average market capitalization of holdings within the Royce Micro-Cap Trust was approximately $964.7 million, with a weighted average Price-to-Book (P/B) ratio of 22.1. The fund's net assets stood at $831.4 million, with a net leverage of 2.2%, showcasing a cautiously leveraged position to enhance returns while maintaining financial stability.

Investment Sectors

The trust has invested across various sectors, with the top positions reflecting a blend of industries:

• - Industrials: 24.2%
• - Information Technology: 22.9%
• - Health Care: 15.8%
• - Consumer Discretionary: 12.9%
• - Financials: 12.8%

Among the top positions in the portfolio, companies like Cohu, CareDx, and Lindblad Expeditions Holdings hold significant allocations, illustrating the trust's strategic focus on foundational sectors and innovative companies.

Conclusion

The Royce Micro-Cap Trust continues to represent an intriguing option for investors seeking exposure to the growth potential of small-cap equities. As it progresses through the challenges of the market, its solid trading volume, strategic sector investments, and calculated risks position it uniquely for potential long-term growth. For potential investors, it’s advised to consider the fund's investment goals, risks, fees, and expenses carefully before committing capital.

For further information, including daily net asset values and investment insights, visit www.royceinvest.com or contact the Royce Funds directly.