Royce Value Trust (NYSE: RVT) as of Feb 29, 2024

Rhea-AI Summary

Royce Value Trust (RVT) is the oldest and largest small-cap closed-end fund with an average weekly trading volume of around 1,165,925 shares. The fund's adviser has over 50 years of small- and micro-cap investment experience. As of 02/29/24, the NAV was $16.70 and MKT was $14.68. The average annual total return as of the same date shows promising figures across different time frames. The fund invests primarily in small-cap and micro-cap companies, with a diversified portfolio that does not guarantee profits or protect against losses. The portfolio diagnostics reveal key financial data, including an average market cap of $2988.1M, weighted average P/E of 16.0x, weighted average P/B of 2.1x, and net assets of $1.90B. The top 10 positions and sectors provide insights into the fund's composition. Royce Value Trust aims for long-term capital growth by investing at least 65% of its assets in equity securities of small- and micro-cap companies.

NEW YORK, March 28, 2024 /PRNewswire/ -- 

• Oldest and largest small-cap closed-end fund
• Average weekly trading volume of approximately 1,165,925 shares
• Fund's adviser has more than 50 years of small- and micro-cap investment experience

CLOSING PRICES AS OF 02/29/24
NAV	16.70
MKT	14.68

 

AVERAGE ANNUAL TOTAL RETURN AS OF 02/29/24	NAV (%)	MKT (%)
One-Month*	4.51	2.23
Year to Date*	1.71	0.82
One-Year	14.60	11.09
Three-Year	2.11	2.19
Five-Year	9.77	9.46
10-Year	8.34	8.36

*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 U.S. investments.

PORTFOLIO DIAGNOSTICS
Average Market Cap1	$2988.1M
Weighted Average P/E2	16.0x
Weighted Average P/B2	2.1x
Net Assets	$1.90B

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 (20% of portfolio holdings as of 02/29/24). 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.

Portfolio Composition

TOP 10 POSITIONS	% OF NET ASSETS (SUBJECT TO CHANGE)
Enovis Corporation	1.4
Assured Guaranty	1.3
Alamos Gold Cl. A	1.2
SEI Investments	1.2
IES Holdings	1.2
MKS Instruments	1.1
Air Lease Cl. A	1.1
Ziff Davis	1.1
Impinj	1.0
Fabrinet	0.9

 

TOP FIVE SECTORS	% OF NET ASSETS (SUBJECT TO CHANGE)
Industrials	24.6
Financials	18.9
Information Technology	16.3
Health Care	9.9
Consumer Discretionary	9.9

Recent Developments
Royce Value 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 65% of its assets in equity securities primarily of small- and micro-cap companies.

Daily net asset values (NAVs) for Royce Value 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 Value 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.

View original content:https://www.prnewswire.com/news-releases/royce-value-trust-nyse-rvt-as-of-feb-29-2024-302102995.html

SOURCE Royce Value Trust, Inc.

FAQ

What is the NAV of Royce Value Trust as of 02/29/24?

The NAV of Royce Value Trust as of 02/29/24 was $16.70.

What is the average annual total return for Royce Value Trust as of 02/29/24?

The average annual total return for Royce Value Trust as of 02/29/24 shows positive figures across different time frames.

What are the top 5 sectors in Royce Value Trust's portfolio?

The top five sectors in Royce Value Trust's portfolio are Industrials, Financials, Information Technology, Health Care, and Consumer Discretionary.

What is the primary investment goal of Royce Value Trust?

The primary investment goal of Royce Value Trust is long-term capital growth, achieved by investing at least 65% of its assets in equity securities primarily of small- and micro-cap companies.

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

Daily net asset values (NAVs) for Royce Value Trust are available on the website and online through most ticker symbol lookup services and on broker terminals under the symbol XRVTX.