Royce Micro-Cap Trust (NYSE: RMT) as of Apr 30, 2024
Royce Micro-Cap Trust (NYSE: RMT) reported an average weekly trading volume of 549,219 shares as of April 30, 2024.
The fund's net asset value (NAV) was $10.21, while the market price stood at $8.88. The year-to-date return was -0.64% for NAV and -2.08% for the market price. The one-year return was 17.80% for NAV and 16.72% for the market price.
With net assets of $512.5 million, the fund invests primarily in equity securities of micro-cap companies with market capitalizations of $1 billion or less.
The top five sectors were Information Technology (23.2%), Industrials (21.9%), Financials (16.0%), Health Care (10.7%), and Materials (7.9%).
Past performance is not indicative of future results, and micro-cap investments involve higher risks. Daily NAVs are available on Royce's website.
- The fund reported a one-year return of 17.80% for NAV and 16.72% for the market price as of April 30, 2024.
- Royce Micro-Cap Trust has net assets totaling $512.5 million, indicating substantial capital under management.
- The top performing sectors include Information Technology at 23.2% and Industrials at 21.9%, potentially offering growth opportunities.
- The year-to-date returns were negative at -0.64% for NAV and -2.08% for the market price as of April 30, 2024.
- The fund experienced a one-month return of -5.02% for NAV and -6.03% for the market price, indicating recent short-term underperformance.
- Three-year returns were negative at -0.57% for NAV and -0.76% for the market price, highlighting longer-term challenges.
- Average weekly trading volume of approximately 549,219 shares
- Fund's adviser has more than 50 years of small- and micro-cap investment experience
CLOSING PRICES AS OF 04/30/24 | |
NAV | 10.21 |
MKT | 8.88 |
AVERAGE ANNUAL TOTAL RETURN AS OF 04/30/24 | NAV (%) | MKT (%) |
One-Month* | -5.02 | -6.03 |
Year to Date* | -0.64 | -2.08 |
One-Year | 17.80 | 16.72 |
Three-Year | -0.57 | -0.76 |
Five-Year | 10.52 | 10.05 |
10-Year | 8.37 | 8.17 |
*Not Annualized
Important Performance and Expense Information
All performance information reflects past performance, is presented on a total return basis, net of the Fund's investment advisory fee, 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 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 normally invests in micro-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.
PORTFOLIO DIAGNOSTICS | |
Average Market Cap1 | |
Weighted Average P/B2 | 2.0x |
Net Assets |
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-to-Book, or P/B, Ratio is calculated by dividing a company's share price by its book value per share.
Portfolio Composition
TOP 10 POSITIONS | % OF NET ASSETS (SUBJECT TO |
Transcat | 3.1 |
PAR Technology | 2.4 |
Sprott | 2.2 |
Mesa Laboratories | 2.2 |
Major Drilling Group International | 2.1 |
IES Holdings | 1.7 |
Camtek | 1.6 |
nLIGHT | 1.6 |
Cellebrite DI | 1.5 |
Aspen Aerogels | 1.5 |
TOP FIVE SECTORS | % OF NET ASSETS (SUBJECT TO |
Information Technology | 23.2 |
Industrials | 21.9 |
Financials | 16.0 |
Health Care | 10.7 |
Materials | 7.9 |
Recent Developments
Royce Micro-Cap Trust, Inc. is a closed-end diversified investment company whose shares of Common Stock (RMT) are listed and traded on the New York Stock Exchange. The Fund's investment goal is long-term capital growth, which it seeks by investing primarily in equity securities of companies that, at the time of investment, have market capitalization of
Daily net asset values (NAVs) for Royce Micro-Cap Trust, Inc. are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XOTCX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.royceinvest.com
An investor in Royce Micro-Cap Trust should consider the Fund's investment goals, risks, fees, and expenses carefully before investing.
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 Micro-Cap Trust, Inc.
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