#United States #New York #Royce Global Trust #Investment Fund #NYSE RGT

Royce Global Trust Shows Strong Performance

As of November 30, 2024, Royce Global Trust (NYSE: RGT) has continued its momentum as a closed-end fund focusing on global equities through a disciplined value investing approach. This strategy, which has been honed over 50 years of experience in the investment sector, has resulted in consistent performance metrics that investors are increasingly interested in.

Overview of Fund Performance

Royce Global Trust has reported an impressive average weekly trading volume of approximately 48,746 shares, reflecting active trading and interest from the investment community. On the day of reporting, the net asset value (NAV) stood at $13.80 while the market price was at $11.79. These figures indicate variations in market perception and the actual value of underlying assets, which is typical for closed-end funds.

Annual Returns

Analyzing performance over various time frames reveals a robust trajectory:

• - One-Month Total Return: NAV at 4.23% and market price at 2.50%.
• - Year to Date: NAV increased by 17.75%, while market price rose by an impressive 20.89%.
• - One-Year Total Return: NAV was up 28.25%, with the market up 30.00%.
• - Three-Year Performance: NAV slightly faltered with 1.68%, whereas the market faced a decrease of -1.71%.
• - Five-Year and Ten-Year Returns: Both periods showcased steady growth at an annualized return of 7.89% and 7.78% for NAV respectively.

These figures reveal how Royce Global Trust has excelled in building shareholder value over time, particularly in volatile market conditions.

Investment Strategy

The fund is proactive in investing at least 80% of its net assets in equity securities, emphasizing small- and mid-cap companies, with 65% allocated to equities outside the U.S. This diverse global strategy not only mitigates risk but also positions the fund for potential high-growth opportunities. Currently, Royce Global Trust maintains a diversified portfolio, which includes markets across several countries, thereby spreading risk across various political and economic landscapes.

Portfolio Insights

As of the latest reporting, the average market capitalization of holdings in the fund was approximately $2.686 billion, showcasing the fund's focus on relatively sizeable small- and mid-cap companies. The weighted average price-to-earnings (P/E) ratio was reported at 23.3x, while the price-to-book (P/B) ratio stood at 3.0x. Such valuation metrics indicate a careful selection of investments based on value considerations.

The top 10 positions within the portfolio encompass a range of industries, with FTAI Aviation, Tel Aviv Stock Exchange, and SEI Investments being notable names. The fund's portfolio is heavily weighted towards the industrial sector (35.4%), followed closely by financials (25.9%) and information technology (15.6%).

Investor Awareness

Royce Associates, LP manages the Fund, ensuring a hands-on approach to asset management. They communicate regularly with investors, providing updates on net asset values and performance metrics via their website. Investors are encouraged to carefully assess the fund's investment goals and associated risks before committing capital, as closed-end funds like Royce Global Trust can present unique challenges and opportunities.

Conclusion

In conclusion, Royce Global Trust has demonstrated its resilience and adaptability in the global investment landscape. By maintaining a disciplined approach to value investing, the fund continues to provide robust returns that appeal to investors seeking growth in a diversified portfolio. As the markets evolve, keeping a close watch on fund performance and strategic shifts will be essential for current and prospective investors alike.

For further insights on Royce Global Trust's performance, visit their official website at www.royceinvest.com.