Royce Global Value Trust (NYSE: RGT) as of Oct 31, 2023

Rhea-AI Summary

Royce Global Value Trust (RGT) is a closed-end fund investing in global equities with a disciplined value approach. The fund's adviser has over 40 years of small- and micro-cap investment experience. As of 10/31/23, the NAV was 9.88, and the MKT was 8.05. The average annual total return as of 10/31/23 showed a one-year return of -0.01% for NAV and -7.12% for MKT. The fund primarily invests in small-cap and mid-cap companies, with an average market cap of $1641.0M and net assets of $62.4M. The top five sectors include Industrials, Financials, Information Technology, Consumer Discretionary, and Materials. Royce Global Value Trust aims for long-term capital growth and invests at least 80% of its net assets in equity securities, with at least 65% in companies located outside the US.

NEW YORK, Nov. 27, 2023 /PRNewswire/ --

• A closed-end fund that invests in global equities using a disciplined value approach
• Average weekly trading volume of approximately 41,623 shares
• Fund's adviser has more than 40 years of small- and micro-cap investment experience

CLOSING PRICES AS OF 10/31/23
NAV	9.88
MKT	8.05

AVERAGE ANNUAL TOTAL RETURN AS OF 10/31/23	NAV (%)	MKT (%)
One-Month*	-6.79	-7.56
Year to Date*	-3.61	-6.91
One-Year	-0.01	-7.12
Three-Year	-0.68	-4.78
Five-Year	3.43	3.16
10-Year	3.82	3.00

*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	$1641.0M
Weighted Average P/E2	19.1x
Weighted Average P/B2	2.2x
Net Assets	$62.4M
Net Leverage	4.8 %

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 (16% of portfolio holdings as of 10/31/23). 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 POSITIONS	% OF NET ASSETS (SUBJECT TO CHANGE)
EVI Industries	3.3
Vistry Group	3.3
APi Group	2.7
Transcat	2.4
Morningstar	2.2
AIA Engineering	2.2
SEI Investments	2.1
ESAB Corporation	1.9
Alamos Gold Cl. A	1.9
IPH	1.8
TOP FIVE SECTORS	% OF NET ASSETS (SUBJECT TO CHANGE)
Industrials	38.5
Financials	22.5
Information Technology	13.4
Consumer Discretionary	8.0
Materials	7.6

Recent Developments

The investment goal of Royce Global Value 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 Value 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 Value 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

FAQ

What is Royce Global Value Trust's ticker symbol?

The ticker symbol for Royce Global Value Trust is RGT.

What is the NAV and MKT as of 10/31/23?

As of 10/31/23, the NAV was 9.88, and the MKT was 8.05.

What is the average annual total return as of 10/31/23?

The one-year return was -0.01% for NAV and -7.12% for MKT.

What is the average market cap and net assets of Royce Global Value Trust?

The average market cap is $1641.0M, and the net assets are $62.4M.

What are the top five sectors in which Royce Global Value Trust invests?

The top five sectors include Industrials, Financials, Information Technology, Consumer Discretionary, and Materials.

What is the investment goal of Royce Global Value Trust?

The investment goal is long-term growth of capital, with at least 80% of its net assets invested in equity securities and at least 65% in companies located outside the US.

Who manages Royce Global Value Trust?

Royce & Associates, LP manages the Fund.

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

Daily NAVs for Royce Global Value Trust are available on the website and most ticker symbol lookup services under the symbol RGT.

What risks should an investor consider before purchasing shares of Royce Global Value Trust?

An investor should consider the Fund's investment goals, risks, fees, charges, and expenses carefully before purchasing shares of the Fund's common stock.

What are closed-end funds?

Closed-End Funds are registered investment companies whose shares of common stock may trade at a discount to their net asset value.

What is Royce Fund Services, LLC?

Royce Fund Services, LLC. 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.