#United States #New York #Royce Micro-Cap Trust #NYSE RMT #small cap investment

Royce Micro-Cap Trust Performance Insight as of December 31, 2025

As of December 31, 2025, Royce Micro-Cap Trust (NYSE: RMT) has presented notable trading metrics, shedding light on its standings in the competitive sphere of small and micro-cap investments. The trust has maintained an average weekly trading volume of approximately 429,716 shares, reflecting its vibrant trading activity and investor interest.

Analysis of Fund Performance

The performance metrics reveal that the trust's Net Asset Value (NAV) stood at $11.79 compared to a market price of $10.43. Historically, Royace Micro-Cap Trust showcases an impressive performance track, with the one-year total return being 16.57% (NAV) and 16.13% (Market), indicating a robust growth trend over the past year. Moreover, over a longer span, the trust has achieved a three-year return of 15.55% and a five-year return of 8.85%, indicating resilience and potential stability in its investment approach.

The average annual total return for the last decade stood at 12.23% for NAV and slightly higher at 12.75% for the market price, illustrating consistent performance. However, it's important to note that these figures reflect past performance, which does not guarantee future results.

Portfolio Composition

Royce Micro-Cap Trust primarily focuses on micro-cap companies, which entails a higher risk relative to larger-cap firms due to the inherent volatility often associated with smaller stocks. The fund's current investment portfolio reveals an average market capitalization of $868.8 million and a weighted average price-to-book (P/B) ratio of 2.1x, demonstrating its strategic allocation toward diversified sectors.

Top Holdings

A closer look at the portfolio composition divulges the top ten positions held, which constitute a significant part of the fund's total net assets:

• - Establishment Labs Holdings: 1.4%
• - Sprott: 1.3%
• - ASA Gold and Precious Metals: 1.3%
• - CECO Environmental: 1.3%
• - Bel Fuse Cl. B: 1.3%
• - nLIGHT: 1.2%
• - NWPX Infrastructure: 1.2%
• - Argan: 1.2%
• - NPK International: 1.2%
• - 5N Plus: 1.2%

Sector Allocation

The fund’s sector allocation indicates a diversified approach:

• - Industrials: 26.4%
• - Information Technology: 21.1%
• - Financials: 15.7%
• - Health Care: 13.2%
• - Consumer Discretionary: 9.4%

This meticulous allocation showcases the fund's strategy of penetrating various sectors to balance risks and tap potential growth areas.

Investment Considerations

Investors are advised to consider the investment objectives, risks, fees, and expenses associated with Royce Micro-Cap Trust before investing. Given the volatile nature of micro-cap investments, understanding the market dynamics is essential for potential investors. Daily net asset values (NAVs) for the fund are accessible on Royce's dedicated website and through various securities platforms, reinforcing transparency and investor engagement.

In conclusion, Royce Micro-Cap Trust's performance metrics and portfolio analysis reveal a well-structured investment approach, secured by decades of expertise in the small-cap domain. For further insights, potential investors and interested parties can reach out to Royce Funds at (800) 221-4268 or navigate to www.royceinvest.com for up-to-date information and performance tracking.