#None #Royce Micro-Cap Trust #RMT #micro-cap investment

Overview of Royce Micro-Cap Trust

As of September 30, 2025, Royce Micro-Cap Trust, a prominent closed-end investment fund, has reported its trading and performance metrics, reflecting its commitment to micro-cap investments. The trust, listed under the ticker symbol RMT, has become increasingly attractive to investors seeking growth opportunities in smaller companies. With an average weekly trading volume of approximately 481,413 shares, the fund's activity signifies strong interest from the market and investment community.

Fund Performance Metrics

The performance metrics for Royce Micro-Cap Trust highlight meaningful returns as of September 30, 2025. The fund reported a Net Asset Value (NAV) of $11.77 versus a market price of $10.39. This metric indicates a potential discount that investors might find appealing. The annualized total return figures further enhance the fund's attractiveness:

• - One Month: NAV (3.76%), Market (3.93%)
• - Year to Date: NAV (13.76%), Market (13.09%)
• - One Year: NAV (17.78%), Market (17.28%)
• - Three Years: NAV (19.01%), Market (19.13%)
• - Five Years: NAV (14.07%), Market (15.48%)
• - Ten Years: NAV (12.28%), Market (12.65%)

Despite the promising figures, it is crucial to emphasize that past performance does not guarantee future results, and investors should proceed with caution.

Investment Strategy and Portfolio Insights

Royce Micro-Cap Trust primarily targets companies with market capitalizations of $1 billion or less, fostering opportunities that might be overlooked in traditional investment strategies focusing on larger firms. The fund's diversified portfolio is indicative of its broader investment strategy, which mitigates risk while still aiming for substantial returns. Current investment statistics reveal:

• - Average Market Cap: $825.4 million
• - Weighted Average Price-to-Book (P/B) Ratio: 2.0x
• - Net Assets: $623.1 million
• - Net Leverage: 2.4%

The P/B ratio, calculated by dividing the company's share price by its book value per share, indicates how the market values these smaller companies in relation to their intrinsic worth.

Sector Allocation

From a strategic perspective, the portfolio composition reflects a balanced approach across various sectors:

• - Industrials: 27.8%
• - Information Technology: 21.5%
• - Financials: 16.4%
• - Health Care: 10.8%
• - Consumer Discretionary: 9.7%

This diverse allocation supports risk management while leveraging sectors that are predicted to show growth.

Conclusion

Overall, the Royce Micro-Cap Trust exemplifies a proactive investment strategy in the micro-cap sector, supported by over 50 years of investment experience from its advisers. For investors ready to explore the potential of smaller companies, RMT presents a viable opportunity. As always, potential investors are encouraged to assess the investment objectives, risks, and costs associated with the fund before making investment decisions. For detailed inquiries, the Royce Funds can be contacted at their official website.