Welcome to our dedicated page for Royce Small-Cap Trust news (Ticker: RVT), a resource for investors and traders seeking the latest updates and insights on Royce Small-Cap Trust stock.
Royce Small-Cap Trust, Inc. (RVT), is a closed-end, diversified management investment company listed on the New York Stock Exchange. The company's primary goal is long-term capital growth, achieved by investing at least 65% of its assets in equity securities, primarily of small- and micro-cap companies, which are often overlooked by larger investors but can offer substantial growth potential.
Managed by Royce & Associates, a specialist in small-cap investments, the fund brings unparalleled expertise and a distinct investment approach to meet varied investor goals. The company’s portfolio is diverse, including common stocks, preferred stocks, corporate bonds, and repurchase agreements. Sectors represented in the portfolio include consumer discretionary, consumer staples, healthcare, financial, IT, telecommunications, and materials.
Royce Small-Cap Trust has recently announced its quarterly distributions, reflecting its commitment to delivering consistent returns to shareholders. For instance, a quarterly distribution of $0.26 per share was declared for September 2023, and most recently, a distribution of $0.28 per share for June 2024. These distributions can be optionally paid in additional shares of common stock or in cash, depending on shareholder election.
The fund's investment policy aims to mitigate risks associated with small-cap stocks by maintaining a broadly diversified portfolio. However, investing in small-cap and micro-cap companies involves considerably more risk than larger-cap stocks, including market volatility and less liquidity. The fund also occasionally invests in foreign securities, which can involve additional risks like political and economic instability.
Financially, Royce Small-Cap Trust keeps a close eye on performance metrics such as geometric and harmonic averages to provide a more accurate measure of the portfolio's market cap. Its price-earnings (P/E) ratio, excluding companies with zero or negative earnings, and price-to-book (P/B) ratio are also crucial indicators for assessing the fund's valuation.
For daily NAVs and other information, investors can visit the company's website or call their customer service. Effective May 1, 2024, the fund's name changed from Royce Value Trust, Inc. to Royce Small-Cap Trust, Inc., requiring it to invest at least 80% of its net assets in small-cap companies under normal circumstances.
Investors are encouraged to consider the fund’s investment goals, risks, fees, and expenses carefully before investing, as detailed in the fund’s prospectus available on their website or by calling their support line.
The Royce Small-Cap Trust (NYSE: RVT), the oldest and largest small-cap closed-end fund, reported its performance as of April 30, 2024. The fund, managed by an adviser with over 50 years of small- and micro-cap investment experience, revealed a net asset value (NAV) of $16.20 and a market price of $14.11. The one-month total return was -5.26% on NAV and -6.99% on market price. Year-to-date returns were 0.54% on NAV and -1.25% on market price. Over a one-year period, the returns were 17.52% on NAV and 17.51% on market price. The fund invests mainly in small- and micro-cap securities, which are riskier than larger-cap investments. It holds a diversified portfolio with significant exposure to foreign securities, which can involve additional risks. The portfolio's average market cap is $2.94 billion, with net assets totaling $1.86 billion. Top sectors include Industrials, Financials, and Information Technology.
Royce Value Trust (NYSE: RVT) is the oldest and largest small-cap closed-end fund, with an average weekly trading volume of approximately 1,119,943 shares. The fund's adviser brings over 50 years of small- and micro-cap investment experience to the table. As of 03/31/24, the fund's NAV closed at 17.10 and the MKT at 15.17, with impressive average annual total returns across different time frames. The portfolio diagnostics reveal key financial data, including the average market cap, weighted average P/E, and P/B ratios. The fund's top 10 positions and sector allocations provide insights into its investment strategy and composition.
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