#United States #New York #Royce Small-Cap Trust #NYSE RVT #Closed-End Fund

An Insightful Look at the Royce Small-Cap Trust

As of June 30, 2026, the Royce Small-Cap Trust (RVT) stands as the oldest and largest small-cap closed-end fund on the market. This fund not only boasts a significant average trading volume of about 1,965,812 shares weekly but also showcases an extensive history, with its advisory team bringing over 50 years of expertise in small and micro-cap investment strategies.

Performance Metrics

The most recent performance data reveals notable returns:

• - One-Month NAV Increase: +6.24%
• - Year-to-Date Growth: +24.23%
• - One-Year Return: +38.11%
• - Three-Year Performance: +20.21%
• - Five-Year Investment: +9.44%
• - Ten-Year Trend: +13.31%

These statistics reflect the fund's total return basis, accounting for its investment advisory fees and distribution reinvestments. Investors are reminded that while past performance indicates potential, it does not guarantee future results, as current performance can fluctuate.

Investment Focus and Portfolio

The Royce Small-Cap Trust primarily targets small-cap and micro-cap securities, investments that typically carry higher risk than their larger counterparts. As of the last reporting date, assets under management reached $2.64 billion, providing a diversified portfolio designed to mitigate individual stock risks. Here are some crucial figures related to the fund's overall structure:

• - Average Market Capitalization: $4.114 billion
• - Weighted Average P/E Ratio: 20.5x
• - Weighted Average P/B Ratio: 2.7x

The calculations for the P/E and P/B ratios exclude companies without earnings and consider only selected holdings, contributing to a more refined assessment of the fund’s financial health.

Sector Composition

The composition of the portfolio is diverse, focusing primarily on several key sectors:

• - Industrials: 26.9%
• - Financials: 19.1%
• - Information Technology: 16.2%
• - Consumer Discretionary: 10.1%
• - Health Care: 8.5%

This strategic allocation signifies the fund's efforts to capture growth across various industries while maintaining a balanced risk profile.

Top Holdings

The top ten holdings of the Royce Small-Cap Trust as of the latest quarter are as follows:
1. IES Holdings (3.4%)
2. Assured Guaranty (1.1%)
3. Quaker Houghton (1.1%)
4. APi Group (1.1%)
5. JFrog (1.0%)
6. Arcosa (1.0%)
7. Element Solutions (1.0%)
8. International General Insurance Holdings (1.0%)
9. Dorman Products (0.9%)
10. SEI Investments (0.9%)

This collection of investments reflects the fund's commitment to diversifying its risk while capitalizing on specific industry strengths.

Future Outlook

Investors are encouraged to monitor daily net asset values (NAVs) available through the Royce website and other brokerage services. As a closed-end fund, RVT's shares are traded on the New York Stock Exchange, subjecting them to market volatility and the inherent risks of the underlying securities.

Before considering an investment in the Royce Small-Cap Trust, potential investors should carefully evaluate the fund's goals, risks, fees, and overall expense structure to ascertain if they align with their investment objectives. More detailed information can be obtained from The Royce Funds directly.

In summary, the Royce Small-Cap Trust emerges as a compelling option for those looking to engage in the small-cap space, fostering both growth and a cautiously diversified approach amid the uprise of market trends.