Royce Global Trust (NYSE: RGT) as of May 31, 2024
The Royce Global Trust (NYSE: RGT) press release dated May 31, 2024, announces key performance metrics for the closed-end fund focused on global equities with a disciplined value approach.
As of May 31, 2024, the fund's net asset value (NAV) stands at $12.79, while its market price is $11.50. The average annual total return for the fund shows significant gains, with a one-year NAV return of 26.01% and a market return of 34.86%. The five-year and ten-year NAV returns are 8.60% and 6.16%, respectively.
The fund’s portfolio consists primarily of small-cap and mid-cap companies, with a significant portion invested in international equities. Top portfolio positions include Vistry Group and Transcat. The fund's top sectors are Industrials (36.4%) and Financials (23.0%).
The fund's advisor has over 50 years of experience in small- and micro-cap investments. The portfolio shows a weighted average P/E ratio of 22.4x and a weighted average P/B ratio of 2.7x. Net assets total $81.3 million with a net leverage of 3.4%.
Potential investors are advised to consider the fund's goals, risks, fees, and expenses before investing.
- One-year market return of 34.86%
- Five-year NAV return of 8.60%
- Significant international holdings
- Advisor with over 50 years of experience
- Top sectors include Industrials (36.4%) and Financials (23.0%)
- Three-year NAV return of -0.71%
- Market price trading below NAV ($11.50 vs. $12.79)
- A closed-end fund that invests in global equities using a disciplined value approach
- Average weekly trading volume of approximately 74,105 shares
- Fund's adviser has more than 50 years of small- and micro-cap investment experience
CLOSING PRICES AS OF 05/31/24 | |
NAV | 12.79 |
MKT | 11.50 |
AVERAGE ANNUAL TOTAL RETURN AS OF 05/31/24 | NAV (%) | MKT (%) |
One-Month* | 5.88 | 12.41 |
Year to Date* | 9.13 | 17.95 |
One-Year | 26.01 | 34.86 |
Three-Year | -0.71 | -1.37 |
Five-Year | 8.60 | 9.82 |
10-Year | 6.16 | 6.32 |
*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
PORTFOLIO DIAGNOSTICS | |
Average Market Cap1 | |
Weighted Average P/E2 | 22.4x |
Weighted Average P/B2 | 2.7x |
Net Assets | |
Net Leverage | 3.4 % |
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 (
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 POSITIONS | % OF NET ASSETS (SUBJECT TO CHANGE) |
Vistry Group | 4.1 |
Transcat | 2.6 |
Sprott | 2.5 |
FTAI Aviation | 2.2 |
EVI Industries | 2.1 |
APi Group | 2.0 |
SEI Investments | 2.0 |
Protector Forsikring | 2.0 |
Alamos Gold Cl. A | 1.9 |
Esab | 1.9 |
TOP FIVE SECTORS | % OF NET ASSETS (SUBJECT TO CHANGE) |
Industrials | 36.4 |
Financials | 23.0 |
Information Technology | 14.4 |
Materials | 7.8 |
Consumer Discretionary | 7.2 |
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
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.
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SOURCE Royce Global Value Trust, Inc.
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