Royce Small-Cap Trust (NYSE: RVT) as of Jan 31, 2025
Royce Small-Cap Trust (NYSE: RVT), the oldest and largest small-cap closed-end fund, reported its status as of January 31, 2025. The fund maintains an average weekly trading volume of approximately 1,141,987 shares and is managed by an adviser with over 50 years of small- and micro-cap investment experience.
The fund's primary investment strategy involves investing at least 65% of its assets in equity securities of small- and micro-cap companies. The fund's portfolio is broadly diversified, though investments may involve considerable risk compared to larger-cap companies. The fund occasionally invests significantly in foreign securities, which may entail additional risks including political, economic, and currency concerns.
Daily net asset values (NAVs) are available on the fund's website and through most ticker symbol lookup services under the symbol XRVTX. The market price of the Fund's shares fluctuates, meaning shares may be worth more or less than their original cost when sold.
Royce Small-Cap Trust (NYSE: RVT), il fondo chiuso più antico e grande dedicato alle piccole capitalizzazioni, ha riportato il suo stato al 31 gennaio 2025. Il fondo mantiene un volume medio di scambi settimanali di circa 1.141.987 azioni ed è gestito da un consulente con oltre 50 anni di esperienza negli investimenti in piccole e micro-cap.
La strategia di investimento principale del fondo prevede di investire almeno il 65% dei suoi attivi in titoli azionari di aziende a piccola e micro-cap. Il portafoglio del fondo è ampiamente diversificato, sebbene gli investimenti possano comportare rischi considerevoli rispetto alle aziende a grande capitalizzazione. Il fondo investe occasionalmente in titoli esteri, il che può comportare rischi aggiuntivi, inclusi preoccupazioni politiche, economiche e valutarie.
I valori netti giornalieri degli attivi (NAV) sono disponibili sul sito web del fondo e attraverso la maggior parte dei servizi di ricerca dei simboli di borsa sotto il simbolo XRVTX. Il prezzo di mercato delle azioni del fondo fluttua, il che significa che le azioni possono valere più o meno rispetto al loro costo originale quando vengono vendute.
Royce Small-Cap Trust (NYSE: RVT), el fondo cerrado más antiguo y grande dedicado a las pequeñas capitalizaciones, informó su estado al 31 de enero de 2025. El fondo mantiene un volumen medio de negociación semanal de aproximadamente 1,141,987 acciones y es administrado por un asesor con más de 50 años de experiencia en inversiones en pequeñas y micro-cap.
La estrategia de inversión principal del fondo implica invertir al menos el 65% de sus activos en valores de capital de empresas pequeñas y micro-cap. La cartera del fondo está ampliamente diversificada, aunque las inversiones pueden implicar riesgos considerables en comparación con las empresas de gran capitalización. El fondo ocasionalmente invierte de manera significativa en valores extranjeros, lo que puede conllevar riesgos adicionales, incluidas preocupaciones políticas, económicas y de divisas.
Los valores netos diarios de los activos (NAV) están disponibles en el sitio web del fondo y a través de la mayoría de los servicios de búsqueda de símbolos de cotización bajo el símbolo XRVTX. El precio de mercado de las acciones del fondo fluctúa, lo que significa que las acciones pueden valer más o menos que su costo original al ser vendidas.
로이스 스몰캡 트러스트 (NYSE: RVT), 가장 오래되고 가장 큰 소형주 폐쇄형 펀드는 2025년 1월 31일 현재 상태를 보고했습니다. 이 펀드는 평균 주간 거래량이 약 1,141,987주이며, 50년 이상의 소형 및 마이크로 캡 투자 경험을 가진 자문사에 의해 관리됩니다.
펀드의 주요 투자 전략은 자산의 최소 65%를 소형 및 마이크로 캡 기업의 주식에 투자하는 것입니다. 펀드의 포트폴리오는 광범위하게 분산되어 있지만, 투자는 대형주 기업에 비해 상당한 위험을 수반할 수 있습니다. 이 펀드는 때때로 외국 증권에 상당히 투자하며, 이는 정치적, 경제적 및 통화적 우려를 포함한 추가 위험을 수반할 수 있습니다.
일일 순자산가치(NAV)는 펀드 웹사이트와 대부분의 티커 기호 조회 서비스에서 XRVTX 기호로 확인할 수 있습니다. 펀드의 주식 시장 가격은 변동성이 있으며, 이는 주식이 판매될 때 원래 비용보다 더 많거나 적게 평가될 수 있음을 의미합니다.
Royce Small-Cap Trust (NYSE: RVT), le fonds fermé le plus ancien et le plus important dédié aux petites capitalisations, a fait état de sa situation au 31 janvier 2025. Le fonds maintient un volume de transactions hebdomadaire moyen d'environ 1 141 987 actions et est géré par un conseiller ayant plus de 50 ans d'expérience dans les investissements en petites et micro-cap.
La stratégie d'investissement principale du fonds consiste à investir au moins 65 % de ses actifs dans des titres de participation d'entreprises à petite et micro-cap. Le portefeuille du fonds est largement diversifié, bien que les investissements puissent comporter des risques considérables par rapport aux entreprises à grande capitalisation. Le fonds investit parfois de manière significative dans des valeurs mobilières étrangères, ce qui peut entraîner des risques supplémentaires, notamment des préoccupations politiques, économiques et monétaires.
Les valeurs liquidatives quotidiennes (NAV) sont disponibles sur le site Web du fonds et via la plupart des services de recherche de symboles boursiers sous le symbole XRVTX. Le prix du marché des actions du fonds fluctue, ce qui signifie que les actions peuvent valoir plus ou moins que leur coût d'origine lors de la vente.
Royce Small-Cap Trust (NYSE: RVT), der älteste und größte geschlossene Fonds für Small-Caps, berichtete über seinen Status zum 31. Januar 2025. Der Fonds hat ein durchschnittliches wöchentliches Handelsvolumen von etwa 1.141.987 Aktien und wird von einem Berater mit über 50 Jahren Erfahrung in der Investition in kleine und Mikro-Caps verwaltet.
Die Hauptanlagepolitik des Fonds besteht darin, mindestens 65% seines Vermögens in Eigenkapitalwerte von kleinen und Mikro-Cap-Unternehmen zu investieren. Das Portfolio des Fonds ist breit diversifiziert, obwohl die Investitionen im Vergleich zu größeren Unternehmen erhebliche Risiken mit sich bringen können. Gelegentlich investiert der Fonds auch erheblich in ausländische Wertpapiere, was zusätzliche Risiken, einschließlich politischer, wirtschaftlicher und währungsbezogener Bedenken, mit sich bringen kann.
Tägliche Nettoinventarwerte (NAVs) sind auf der Website des Fonds und über die meisten Ticker-Symbol-Suchdienste unter dem Symbol XRVTX verfügbar. Der Marktpreis der Fondsanteile schwankt, was bedeutet, dass die Anteile beim Verkauf mehr oder weniger wert sein können als ihre ursprünglichen Kosten.
- High trading volume averaging 1,141,987 shares weekly
- Experienced management with over 50 years in small/micro-cap investments
- Broad portfolio diversification reducing single-stock risk
- Share price may trade at a discount to NAV
- Higher risk exposure due to small-cap focus
- Significant foreign securities exposure introducing additional risks
- Oldest and largest small-cap closed-end fund
- Average weekly trading volume of approximately 1,141,987 shares
- Fund's adviser has more than 50 years of small- and micro-cap investment experience
CLOSING PRICES AS OF 01/31/25 | |
NAV | 17.36 |
MKT | 16.28 |
AVERAGE ANNUAL TOTAL RETURN AS OF 01/31/25 | NAV (%) | MKT (%) |
One-Month* | 2.18 | 3.04 |
One-Year | 18.26 | 23.41 |
Three-Year | 6.63 | 5.83 |
Five-Year | 10.79 | 11.67 |
10-Year | 10.14 | 10.67 |
*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 invests primarily in securities of small-cap and 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. 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 | 17.5x |
Weighted Average P/B2 | 2.2x |
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-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.
Portfolio Composition
TOP 10 POSITIONS | % OF NET ASSETS (SUBJECT TO CHANGE) |
Assured Guaranty | 1.6 |
PAR Technology | 1.4 |
SEI Investments | 1.4 |
IES Holdings | 1.3 |
Enovis Corporation | 1.0 |
E-L Financial | 1.0 |
Brady Corporation Cl. A | 1.0 |
Arcosa | 1.0 |
Alamos Gold Cl. A | 1.0 |
Air Lease Cl. A | 0.9 |
TOP FIVE SECTORS | % OF NET ASSETS (SUBJECT TO CHANGE) |
Industrials | 22.7 |
Financials | 22.4 |
Information Technology | 16.6 |
Health Care | 9.7 |
Consumer Discretionary | 9.1 |
Recent Developments
Royce Small-Cap Trust is a closed-end diversified management investment company whose shares of Common Stock (RVT) are listed and traded on the New York Stock Exchange. Its primary investment goal is long-term capital growth, which it seeks by investing at least
Daily net asset values (NAVs) for Royce Small-Cap Trust are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XRVTX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.royceinvest.com.
An investor in Royce Small-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 Value Trust, Inc.
FAQ
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