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Royce Global Trust: An Overview

As of August 31, 2025, Royce Global Trust (NYSE: RGT) stands out in the realm of investment opportunities as a closed-end fund dedicated to global equities through a disciplined value investment strategy. This established fund has garnered attention for its strategic approach, offering investors a compelling chance to participate in global market growth while managing risk effectively.

Investment Strategy and Performance

Royce Global Trust employs a refined investment philosophy centered on value. This entails a focus on securities that present favorable valuations relative to their intrinsic worth, particularly within the small-cap and mid-cap markets. Recent data indicates that the fund enjoys an average weekly trading volume of approximately 63,386 shares, reflecting a solid interest from the investment community.

Key Performance Metrics

The fund's recent performance has been noteworthy:

• - Net Asset Value (NAV): As of the end of August 2025, the NAV stood at $14.83, whereas the market value was $12.74.
• - Annual Returns: Over the past year, the fund has delivered a total return of 15.63% at the NAV, slightly outperforming the market at 14.08%. The year-to-date figures showcase even more promising numbers with returns of 18.17% for NAV and 18.78% for market value.

These results underline the fund's robust strategy and consistent management, making it an enticing option for long-term investors seeking growth in diverse global markets.

Portfolio Insights

The manager of Royce Global Trust, Royce Associates, LP, has a record spanning over 50 years in managing investments in small- and micro-cap companies. This expertise translates into a carefully curated portfolio, boasting an average market capitalization of $3.12 billion and a weighted average price-to-earnings (P/E) ratio of 25.1x.

Additionally, the fund's portfolio composition highlights its diversified nature:

• - Top Sectors: Financials represent 29.4% of net assets, followed by Industrials (27.2%), Information Technology (11.3%), and Materials (10.8%). This diversified approach mitigates risk and captures growth across multiple areas.
• - Top Positions: Major holdings include companies such as the Tel Aviv Stock Exchange (4.6%) and Protector Forsikring (3.2%), reflecting a strategic positioning within various market segments.

Risk Considerations

As with any investment, particularly in small-cap sectors, potential investors should consider the more significant risks associated with the fund. Investments may result in volatility, and the fund's considerable exposure to small and mid-cap equities entails that these assets may experience higher price fluctuations compared to their larger counterparts. Additionally, international investments introduce unique political, economic, and currency-related risks that could impact performance.

Future Outlook

The overarching goal of Royce Global Trust is to achieve long-term capital growth, with an investment strategy that mandates a minimum of 80% of net assets in equity securities, alongside at least 65% in international companies. This strategy is designed to exploit opportunities for capital appreciation while maintaining diversification across various geographies.

For investors interested in global equity markets, the Royce Global Trust represents a strategic option with the potential for substantial long-term returns. With its strong historical performance and a commitment to disciplined investing, the fund is positioned to navigate various market conditions successfully.

Investors are encouraged to visit Royce Invest for the latest NAV updates and more comprehensive information about their performance metrics. Always consider individual investment goals, risks, and fees before purchasing shares of the fund.

Royce Global Trust offers a pathway to engage with the broader equity markets while relying on the expertise of seasoned investment managers, making it a valuable consideration for diversified investment portfolios.