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Royce Micro-Cap Trust Performance Report

As of August 31, 2026, the Royce Micro-Cap Trust (NYSE: RMT) has showcased remarkable trading activity and solid investment returns, indicating its strong position in the market. The average weekly trading volume for the fund stands at approximately 493,146 shares, reflecting robust interest among investors and market participants.

Investment Strategy

The management behind Royce Micro-Cap Trust boasts over 50 years of experience in small- and micro-cap investments, which significantly informs their strategy. They primarily focus on companies with a market capitalization of $1 billion or less, which often present unique opportunities for growth compared to larger-cap companies. These smaller firms can offer substantial upside potential, albeit at a greater risk due to market volatility.

Performance Insights

The fund's performance metrics as of the end of August are compelling:

• - Net Asset Value (NAV): $15.55
• - Market Price (MKT): $14.00

Performance over various time periods shows a healthy return:

• - One Month: NAV at 1.63%, MKT at 2.79%
• - Year to Date: NAV at 36.14%, MKT at 38.56%
• - One-Year Return: NAV at 44.75%, MKT at 47.88%
• - Three-Year Return: NAV at 24.26%, MKT at 25.48%
• - Five-Year Return: NAV at 11.81%, MKT at 12.39%
• - Ten-Year Return: NAV at 14.50%, MKT at 14.95%

It's important to note that while past performance is an indicator, it does not guarantee future results. Investors are advised to consider the risks associated with micro-cap investments, which can be more pronounced than those encountered in larger-cap investments.

Portfolio Composition

Royce Micro-Cap Trust holds a diverse portfolio with an average market capitalization of $960.4 million. The sector distribution and top holdings of the trust include:

• - Top 10 Positions:

1. EZCORP Cl. A (1.4%)
2. CareDx (1.4%)
3. AMN Healthcare Services (1.2%)
4. Citi Trends (1.2%)
5. Lindblad Expeditions Holdings (1.2%)
6. Sprott (1.2%)
7. Graham Corporation (1.2%)
8. IMAX Corporation (1.1%)
9. Bel Fuse Cl. B (1.1%)
10. Oppenheimer Holdings Cl. A (1.1%)

• - Top Five Sectors:

1. Industrials (25.6%)
2. Information Technology (21.0%)
3. Health Care (16.3%)
4. Financials (13.3%)
5. Consumer Discretionary (12.9%)

This varied portfolio composition not only mitigates risk but also capitalizes on multiple sectors expected to drive future growth.

Investor Considerations

Those interested in investing in Royce Micro-Cap Trust should carefully evaluate the fund's goals, risks, and costs. The fund is structured as a closed-end investment company, and shares of common stock may occasionally fluctuate below their net asset value (NAV). Daily NAV information is accessible on their official website, helping investors keep abreast of their investments.

For further information, potential investors can engage with Royce Micro-Cap Trust through their website or by contacting their investor relations directly. The emphasis on small- and micro-cap equities positions the trust uniquely within the market dynamics, making it an appealing option for growth-oriented portfolios.

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Overall, the Royce Micro-Cap Trust continues to attract attention with its strong fundamentals and historical performance. As market conditions evolve, the fund's ability to navigate challenges will be crucial in sustaining its growth trajectory.