Royce Small-Cap Trust (NYSE: RVT) as of Oct 31, 2024
Royce Small-Cap Trust (NYSE: RVT), the oldest and largest small-cap closed-end fund, reported its performance as of October 31, 2024. The fund showed a one-year total return of 32.77% (NAV) and 36.32% (Market), with year-to-date returns of 9.73% and 10.08% respectively. The fund's net assets stand at $1.98B, with an average market cap of $3065.6M. The portfolio is primarily invested in Industrials (24.4%), Financials (20.5%), and Information Technology (16.2%). IES Holdings represents the largest position at 2.1% of net assets.
Royce Small-Cap Trust (NYSE: RVT), il fondo chiuso più antico e grande nel settore delle piccole società, ha riportato le sue performance aggiornate al 31 ottobre 2024. Il fondo ha registrato un ritorno totale annuale del 32,77% (NAV) e del 36,32% (Mercato), con rendimenti dall'inizio dell'anno del 9,73% e 10,08% rispettivamente. Gli attivi netti del fondo ammontano a $1,98B, con una capitalizzazione di mercato media di $3065,6M. Il portafoglio è principalmente investito in Industriali (24,4%), Finanza (20,5%) e Tecnologia dell'Informazione (16,2%). IES Holdings rappresenta la posizione più grande con il 2,1% degli attivi netti.
Royce Small-Cap Trust (NYSE: RVT), el fondo cerrado más antiguo y grande de pequeñas capitalizaciones, informó sobre su rendimiento al 31 de octubre de 2024. El fondo mostró un retorno total anual del 32,77% (NAV) y del 36,32% (Mercado), con retornos acumulados en el año del 9,73% y 10,08% respectivamente. Los activos netos del fondo ascienden a $1,98B, con una capitalización de mercado promedio de $3065,6M. La cartera está principalmente invertida en Industriales (24,4%), Finanzas (20,5%) y Tecnología de la Información (16,2%). IES Holdings representa la posición más grande con el 2,1% de los activos netos.
로이스 스몰캡 트러스트 (NYSE: RVT), 가장 오래되고 가장 큰 스몰캡 폐쇄형 펀드는 2024년 10월 31일 기준 성과를 보고했습니다. 이 펀드는 1년 총 수익률 32.77% (NAV) 및 36.32% (시장)을 기록했으며, 연초 대비 수익률은 각각 9.73% 및 10.08%입니다. 펀드의 순자산은 $1.98B로, 평균 시가총액은 $3065.6M입니다. 포트폴리오는 주로 산업(24.4%), 금융(20.5%), 정보기술(16.2%)에 투자되고 있습니다. IES Holdings는 순자산의 2.1%를 차지하는 가장 큰 비중을 차지하고 있습니다.
Royce Small-Cap Trust (NYSE: RVT), le plus ancien et le plus grand fonds fermé de petites capitalisations, a présenté ses performances au 31 octobre 2024. Le fonds a affiché un rendement total sur un an de 32,77% (NAV) et de 36,32% (Marché), avec des rendements depuis le début de l'année de 9,73% et 10,08% respectivement. Les actifs nets du fonds s'élèvent à $1,98B, avec une capitalisation boursière moyenne de $3065,6M. Le portefeuille est principalement investi dans Industries (24,4%), Finances (20,5%) et Technologie de l'Information (16,2%). IES Holdings représente la plus grande position avec 2,1% des actifs nets.
Royce Small-Cap Trust (NYSE: RVT), der älteste und größte geschlossene Fonds für Small-Cap-Aktien, berichtete über seine Leistung zum 31. Oktober 2024. Der Fonds wies eine einjährige Gesamtrendite von 32,77% (NAV) und 36,32% (Markt) aus, mit einer Rendite seit Jahresbeginn von 9,73% bzw. 10,08%. Die Nettomittel des Fonds betragen $1,98B, mit einer durchschnittlichen Marktkapitalisierung von $3065,6M. Das Portfolio ist hauptsächlich in Industrie (24,4%), Finanzen (20,5%) und Informationstechnologie (16,2%) investiert. IES Holdings stellt die größte Position mit 2,1% der Nettomittel dar.
- Strong one-year total returns of 32.77% (NAV) and 36.32% (Market)
- Positive YTD performance with 9.73% (NAV) and 10.08% (Market) returns
- Substantial net assets of $1.98B
- Well-diversified portfolio across key sectors
- Negative one-month returns of -2.01% (NAV) and -3.50% (Market)
- Market price trading at discount to NAV ($15.15 vs $17.03)
- Lower three-year returns of 2.02% (NAV) and 1.44% (Market) compared to other periods
Insights
The fund shows impressive performance metrics with a
The portfolio metrics reveal a moderate valuation profile with a P/E of 18.0x and P/B of 2.1x. The fund's average market cap of
The
- Oldest and largest small-cap closed-end fund
- Average weekly trading volume of approximately 901,071 shares
- Fund's adviser has more than 50 years of small- and micro-cap investment experience
CLOSING PRICES AS OF 10/31/24 | |
NAV | 17.03 |
MKT | 15.15 |
AVERAGE ANNUAL TOTAL RETURN AS OF 10/31/24 | NAV (%) | MKT (%) |
One-Month* | -2.01 | -3.50 |
Year to Date* | 9.73 | 10.08 |
One-Year | 32.77 | 36.32 |
Three-Year | 2.02 | 1.44 |
Five-Year | 10.50 | 10.53 |
10-Year | 9.26 | 9.16 |
*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 | 18.0x |
Weighted Average P/B2 | 2.1x |
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) |
IES Holdings | 2.1 |
Assured Guaranty | 1.4 |
Impinj | 1.4 |
SEI Investments | 1.2 |
PAR Technology | 1.2 |
Enovis Corporation | 1.1 |
E-L Financial | 1.1 |
Air Lease Cl. A | 1.0 |
Arcosa | 1.0 |
Brady Corporation Cl. A | 1.0 |
TOP FIVE SECTORS | % OF NET ASSETS (SUBJECT TO CHANGE) |
Industrials | 24.4 |
Financials | 20.5 |
Information Technology | 16.2 |
Health Care | 9.9 |
Consumer Discretionary | 8.5 |
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.
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