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Overview of Royce Global Trust

Royce Global Trust, trading on the NYSE under the ticker RGT, is a closed-end fund dedicated to investing in global equities through a disciplined value investment approach. As of December 31, 2025, the trust boasts an average weekly trading volume of about 110,157 shares. This article delves into the fund's recent performance metrics, investment strategy, and fundamental characteristics that set it apart in a competitive market.

Performance Metrics

The performance of the Royce Global Trust has been noteworthy over various timeframes. As of the end of 2025, the net asset value (NAV) per share stood at $15.24, while the market price was $13.11. Here's a detailed look at the average annual total return:

• - One-Month: NAV: 2.62%, Market: 5.16%
• - One-Year: NAV: 23.22%, Market: 24.07%
• - Three-Year: NAV: 16.96%, Market: 17.71%
• - Five-Year: NAV: 6.31%, Market: 5.51%
• - Ten-Year: NAV: 10.05%, Market: 10.24%

It’s crucial to note that historical performance does not guarantee future results. The data shown reflects past performance and emphasizes the fluctuating market prices of the fund's shares.

Investment Strategy

Royce Global Trust adheres to a steadfast investment principle of targeting long-term capital growth. The fund aims to invest at least 80% of its net assets in equity securities, such as common and preferred stocks, while ensuring that at least 65% of its net assets are placed in companies located outside of the United States. This strategy not only provides a diverse portfolio but also exposes investors to various global markets.

Royce Associates, LP, with over 50 years of experience in managing small-cap and micro-cap investments, runs the fund, contributing valuable expertise to its investment selections.

Portfolio Diagnostics

Analyzing the fund’s portfolio reveals insightful metrics:

• - Average Market Cap: Approximately $3.35 billion
• - Weighted Average P/E Ratio: 26.6x
• - Weighted Average P/B Ratio: 3.2x

With total net assets reported at $100 million, the fund's calculations provide a robust framework for evaluating performance against investment goals.

Sector Allocation

The top ten holdings represent significant sectors and underline the fund's strategic focus:
1. Tel Aviv Stock Exchange: 5.2%
2. Sprott: 4.5%
3. Alamos Gold Cl. A: 3.6%
4. Protector Forsikring: 3.3%
5. Stadio Holdings: 3.0%
6. APi Group: 2.4%
7. Phoenix Financial: 2.0%
8. Littelfuse: 1.9%
9. TMX Group: 1.8%
10. SEI Investments: 1.7%

Sector Composition

The fund diversifies its investments across various sectors, with a significant concentration in:

• - Financials: 30%
• - Industrials: 26.5%
• - Materials: 11.4%
• - Information Technology: 11.0%
• - Cash and Equivalents: 6.6%

Future Outlook

Looking ahead, Royce Global Trust continues to focus on long-term growth amid market fluctuations. The emphasis on investing in small- and mid-cap companies, while also including foreign securities, aims to navigate potential risks associated with quantum shifts in geopolitical or economic landscapes.

Daily NAVs for Royce Global Trust are readily available on their official website and are accessible through various ticker symbols. Investors are encouraged to consult Royce Fund representatives for additional insights and to assess the investment’s compatibility with their asset allocation strategies.

In conclusion, Royce Global Trust remains a compelling option for investors interested in capital appreciation through disciplined global investment. As with all investment vehicles, potential risks and rewards should be assessed in the context of individual investment goals and strategies.