Insights into Royce Micro-Cap Trust's Performance and Strategies as of November 2025

Overview of Royce Micro-Cap Trust

As the financial landscape evolves, Royce Micro-Cap Trust (NYSE: RMT) remains a significant player in the micro-cap investment sector. Established over 50 years ago, the fund's advisers specialize in identifying promising small-cap and micro-cap investments, catering to investors looking for long-term capital growth.

Latest Performance Metrics

As of November 30, 2025, Royce Micro-Cap Trust reported an average weekly trading volume of approximately 556,750 shares. The Net Asset Value (NAV) per share stood at $11.86, while the market price was noted at $10.46. The performance data shows modest fluctuations, with the average annual total return for the one-year period at 9.03% for NAV and 9.95% for market pricing.

Performance Indicator	NAV (%)	Market (%)
----	---	-----
One-Month	-0.25	-0.85
Year to Date	14.63	13.85
One-Year	9.03	9.95
Three-Year	13.78	12.97
Five-Year	10.21	11.03
Ten-Year	11.67	12.28

Although past performance does not guarantee future results, these figures reflect the careful strategy and rigorous analysis applied by the fund’s advisers.

Investment Strategy

The investment strategy employed by Royce Micro-Cap Trust primarily targets companies with market capitalizations of $1 billion or less. This focus on smaller firms is not without its risks; however, it provides opportunities for significant growth in emerging sectors.

The fund’s diversified portfolio currently holds a net asset value of $628.6 million, ensuring that it is well-positioned to navigate market fluctuations. An important metric observed is the average market capitalization of portfolio holdings, which is pegged at $871.4 million. Additionally, the weighted average Price-to-Book ratio stands at 2.0x, which indicates the relative valuation of stocks in the portfolio as compared to their book values.

Portfolio Composition

The portfolio composition is diverse, showcasing a balance across various sectors:

- Industrials: 26.3%
- Information Technology: 20.0%
- Financials: 15.7%
- Health Care: 13.9%
- Consumer Discretionary: 9.4%

Among the top 10 positions, companies like Argan, Establishment Labs Holdings, and Sprott are included, each claiming up to 1.7% of the net assets. This approach minimizes risk while catering to growth potential in burgeoning industries.

Future Outlook and Considerations

Investors are encouraged to carefully consider the fund’s investment goals, risks, fees, and expenses prior to involvement. Investment in micro-cap stocks can be fundamentally riskier, yet rewarding if identified correctly. Daily net asset values (NAVs) for Royce Micro-Cap Trust are readily available on their official website, offering transparency to its stakeholders.

For more information, you can visit Royceinvest.com or contact The Royce Funds directly at (800) 221-4268. Keeping an eye on market trends and maintaining a diversified investment approach remains crucial for maximizing returns.

Important Disclosure

Closed-end funds like Royce Micro-Cap Trust may trade at discounts to their net asset values and are subject to varying market risks. Potential investors should maintain vigilance regarding their investment decisions and market dynamics, particularly in the volatile micro-cap space.

In summary, Royce Micro-Cap Trust's focus on micro-cap investments, guided by decades of experience, continues to position it as a notable option for investors seeking growth in the capital market.