Royce Global Trust (NYSE: RGT) as of Apr 30, 2024

Rhea-AI Summary

Royce Global Trust (NYSE: RGT), a closed-end fund investing in global equities with a disciplined value approach, reported its performance as of April 30, 2024. The fund's Net Asset Value (NAV) is $12.08, and the market price is $10.23. The average annual total return over various periods is mixed, with a one-year return of 15.65% (NAV) and 18.76% (market). The fund's net assets total $76.8M, and its portfolio includes significant allocations in sectors like Industrials (36.3%) and Financials (23.6%). The top positions include companies like Vistry Group and Sprott. The fund invests primarily in small- and mid-cap companies, occasionally allocating a significant portion of assets to foreign securities, which can involve additional risks.

Positive

• One-year return is 15.65% (NAV) and 18.76% (Market).
• Year-to-date returns are positive at 3.07% (NAV) and 4.92% (Market).
• Fund's adviser has over 50 years of small- and micro-cap investment experience.
• Top sectors include Industrials (36.3%) and Financials (23.6%).
• Top positions include financially sound companies like Vistry Group and Sprott.

Negative

• One-month return is negative at -4.28% (NAV) and -4.30% (Market).
• Three-year total returns are negative at -2.24% (NAV) and -4.37% (Market).
• The fund's shares trade at a discount to NAV (NAV $12.08, Market $10.23).
• Investing in small- and mid-cap companies involves considerable risk.
• Exposure to foreign securities brings political, economic, and currency risks.

NEW YORK, May 28, 2024 /PRNewswire/ --

• A closed-end fund that invests in global equities using a disciplined value approach
• Average weekly trading volume of approximately 48,212 shares
• Fund's adviser has more than 50 years of small- and micro-cap investment experience

CLOSING PRICES AS OF 04/30/24
NAV	12.08
MKT	10.23

AVERAGE ANNUAL TOTAL RETURN AS OF 04/30/24	NAV (%)	MKT (%)
One-Month*	-4.28	-4.30
Year to Date*	3.07	4.92
One-Year	15.65	18.76
Three-Year	-2.24	-4.37
Five-Year	6.19	6.06
10-Year	5.65	5.36
*Not Annualized

Important Performance and Expense Information

All performance information reflects past performance, is presented on a total return basis, and reflects the reinvestment of distributions. Past performance is no guarantee of future results. Current performance may be higher or lower than performance quoted. Returns as of the most recent month-end may be obtained at www.royceinvest.com. The market price of the Fund's shares will fluctuate, so that shares may be worth more or less than their original cost when sold.

The Fund invests primarily in securities of small-cap and mid-cap companies, which may involve considerably more risk than investing in larger-cap companies. The Fund's broadly diversified portfolio does not ensure a profit or guarantee against loss. From time to time, the Fund may invest a significant portion of its net assets in foreign securities, which may involve political, economic, currency and other risks not encountered in U.S. investments.

PORTFOLIO DIAGNOSTICS
Average Market Cap1	$2055.8M
Weighted Average P/E2	22.0x
Weighted Average P/B2	2.8x
Net Assets	$76.8M
Net Leverage	4.3 %

¹Geometric Average: This weighted calculation uses each portfolio holding's market cap in a way designed to not skew the effect of very large or small holdings; instead, it aims to better identify the portfolio's center, which Royce believes offers a more accurate measure of average market cap than a simple mean or median.

²Harmonic Average: This weighted calculation evaluates a portfolio as if it were a single stock and measures it overall. It compares the total market value of the portfolio to the portfolio's share in the earnings of its underlying stocks.

The Price-Earnings, or P/E, ratio is calculated by dividing a company's share price by its trailing 12-month earnings-per-share (EPS). The Fund's P/E ratio calculation excludes companies with zero or negative earnings (15% of portfolio holdings as of 04/30/24). The Price-to-Book, or P/B, Ratio is calculated by dividing a company's share price by its book value per share.

The Price-to-Book, or P/B, Ratio is calculated by dividing a company's share price by its book value per share.

Net leverage is the percentage, in excess of 100 %, of the total value of equity type investments, divided by net assets.

Portfolio Composition

TOP 10 P5OSITIONS	% OF NET ASSETS (SUBJECT TO CHANGE)
Vistry Group	3.9
Sprott	2.3
APi Group	2.3
Transcat	2.3
EVI Industries	2.1
Esab	2.1
SEI Investments	2.1
FTAI Aviation	2.0
Tel Aviv Stock Exchange	1.9
Morningstar	1.9

TOP FIVE SECTORS	% OF NET ASSETS (SUBJECT TO CHANGE)
Industrials	36.3
Financials	23.6
Information Technology	14.1
Consumer Discretionary	8.3
Materials	7.6

Recent Developments
The investment goal of Royce Global Trust is long-term growth of capital. Under normal market circumstances, the Fund will invest at least 80% of its net assets in equity securities, such as common stock and preferred stock, and at least 65% of its net assets in the equity securities of companies located in at least three countries outside of the United States. Royce & Associates, LP manages the Fund.

Daily net asset values (NAVs) for Royce Global Trust are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XRGTX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.royceinvest.com.

An investor in Royce Global Trust should consider the Fund's investment goals, risks, fees, charges, and expenses carefully before purchasing share's of the Fund's common stock.

Important Disclosure Information
Closed-End Funds are registered investment companies whose shares of common stock may trade at a discount to their net asset value. Shares of each Fund's common stock are also subject to the market risks of investing in the underlying portfolio securities held by the Fund. Royce Fund Services, LLC. ("RFS") is a member of FINRA and has filed this material with FINRA on behalf of each Fund. RFS does not serve as a distributor or as an underwriter to the closed-end funds.

View original content:https://www.prnewswire.com/news-releases/royce-global-trust-nyse-rgt-as-of-apr-30-2024-302157052.html

SOURCE Royce Global Value Trust, Inc.

FAQ

What is the net asset value (NAV) of Royce Global Trust as of April 30, 2024?

The net asset value (NAV) of Royce Global Trust as of April 30, 2024, is $12.08.

What is the market price of Royce Global Trust (RGT) shares?

The market price of Royce Global Trust (RGT) shares is $10.23 as of April 30, 2024.

What is the one-year return of Royce Global Trust?

The one-year return of Royce Global Trust is 15.65% based on NAV and 18.76% based on market price.

Which sectors does Royce Global Trust primarily invest in?

Royce Global Trust primarily invests in Industrials (36.3%) and Financials (23.6%).

What is the average market cap of the portfolio holdings in Royce Global Trust?

The average market cap of the portfolio holdings in Royce Global Trust is $2,055.8M.

What are the top positions in Royce Global Trust's portfolio?

The top positions in Royce Global Trust's portfolio include Vistry Group, Sprott, APi Group, Transcat, and EVI Industries.

What risks are associated with investing in Royce Global Trust?

Investing in Royce Global Trust involves risks such as market price fluctuation, the inherent risk of small- and mid-cap investing, and political, economic, and currency risks associated with foreign securities.

What is the year-to-date return of Royce Global Trust?

The year-to-date return of Royce Global Trust is 3.07% based on NAV and 4.92% based on market price.

What is the net leverage of Royce Global Trust?

The net leverage of Royce Global Trust is 4.3%.

Where can I find the daily net asset values (NAVs) for Royce Global Trust?

The daily net asset values (NAVs) for Royce Global Trust are available on their website and on most ticker symbol lookup services under the symbol XRGTX.