#USA #New York #small-cap fund #RVT #Royce Trust

Overview of Royce Small-Cap Trust Performance

Royce Small-Cap Trust (NYSE: RVT), one of the oldest and largest closed-end funds focusing on small-cap and micro-cap companies, has reported notable performance metrics as of August 31, 2026. The recent data highlights both the fund's market behavior and long-term investment strategies that have influenced its returns.

Closing Prices and Returns

On August 31, 2026, the net asset value (NAV) of Royce Small-Cap Trust was recorded at $20.47, while the market price stood at $18.57. This differential offers insight into market fluctuations and investor sentiment surrounding the fund’s performance.

The average annual total return for the fund shows distinct trends:

• - One-Month Return: NAV -0.78%, Market 2.65%
• - Year to Date: NAV 19.89%, Market 19.51%
• - One-Year: NAV 24.10%, Market 26.04%
• - Three-Year: NAV 18.17%, Market 19.73%
• - Five-Year: NAV 8.72%, Market 8.78%
• - Ten-Year: NAV 12.23%, Market 12.91%

These statistics indicate a robust long-term performance, although short-term fluctuations can be noted, particularly in the one-month results which show a decline in NAV.

Investment Focus

The trust primarily invests 65% of its assets in equity securities of small-cap and micro-cap companies. This approach aligns with the trust’s overarching goal of long-term capital growth. The slight decline in the one-month performance may be attributed to the inherent volatility associated with smaller companies, which often react sharply to market conditions.

Portfolio Diagnostics

Royce Small-Cap Trust holds an average market capitalization of approximately $3.84 billion, which falls in line with its investment strategy. The portfolio’s weighted average price-to-earnings (P/E) ratio is 18.1x, and the weighted average price-to-book (P/B) ratio is 2.5x. With total net assets reported at $2.54 billion, the fund reflects a strong capital foundation that aids in its investment activities.

Sector Allocation

The trust’s portfolio is diversified across various sectors:

• - Industrials: 25.2%
• - Financials: 19.7%
• - Information Technology: 14.5%
• - Consumer Discretionary: 10.1%
• - Health Care: 9.1%

This diversification helps mitigate risks while taking advantage of growth in different areas of the market, crucial for small-cap investments that can be more sensitive to economic changes.

Recent Developments

Royce Small-Cap Trust seeks to maintain transparency and provide investors with regular updates. As of now, the daily net asset values (NAVs) are accessible on the fund's website as well as through various financial services and broker terminals. Potential investors are encouraged to review the fund’s goals, risks, fees, and other expenses before deciding to invest.

In summary, the Royce Small-Cap Trust continues to demonstrate an attractive performance outlook, backed by its experienced management team with over 50 years of expertise in small- and micro-cap investing. While short-term fluctuations can occur, the focus remains on fostering long-term capital appreciation within its diversified investment strategy.