Royce Value Trust (NYSE: RVT) as of Mar 31, 2024

Rhea-AI Summary

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.

Positive

• Impressive average annual total returns as of 03/31/24 across various time frames
• Significant experience of the fund's adviser in small- and micro-cap investments
• Detailed portfolio diagnostics showcasing financial data and key ratios
• Transparency in top 10 positions and sector allocations for better understanding of the fund's investment strategy

Negative

• None.

NEW YORK, April 26, 2024 /PRNewswire/ --

• Oldest and largest small-cap closed-end fund
• Average weekly trading volume of approximately 1,119,943 shares
• Fund's adviser has more than 50 years of small- and micro-cap investment experience

CLOSING PRICES AS OF 03/31/24
NAV	17.10
MKT	15.17

AVERAGE ANNUAL TOTAL RETURN AS OF 03/31/24	NAV (%)	MKT (%)
One-Month*	4.34	5.30
Year to Date*	6.12	6.17
One-Year	21.27	20.75
Three-Year	3.03	2.94
Five-Year	11.08	10.95
10-Year	8.75	8.86

*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	$3116.9M
Weighted Average P/E2	16.9x
Weighted Average P/B2	2.2x
Net Assets	$1.96B
Net Leverage	1.4 %

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 03/31/24). 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.

Net leverage is the percentage, in excess of 100 %, of the total value of equity type investments, divided by net assets.

Portfolio Composition

TOP 10 POSITIONS	% OF NET ASSETS (SUBJECT TO CHANGE)
Alamos Gold Cl. A	1.5
Enovis	1.4
Air Lease Cl. A	1.3
Haemonetics Corporation	1.3
IES Holdings	1.2
SEI Investments	1.2
Impinj	1.2
Assured Guaranty	1.2
MKS Instruments	1.1
APi Group	1.0

TOP FIVE SECTORS	% OF NET ASSETS (SUBJECT TO CHANGE)
Industrials	25.9
Financials	19.1
Information Technology	16.8
Health Care	10.7
Consumer Discretionary	9.8

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-mar-31-2024-302128944.html

SOURCE Royce Value Trust, Inc.

FAQ

What are the average annual total returns of Royce Value Trust as of 03/31/24?

As of 03/31/24, the fund's NAV and MKT showed positive returns across different time frames: One-Month (NAV: 4.34%, MKT: 5.30%), Year to Date (NAV: 6.12%, MKT: 6.17%), One-Year (NAV: 21.27%, MKT: 20.75%), Three-Year (NAV: 3.03%, MKT: 2.94%), Five-Year (NAV: 11.08%, MKT: 10.95%), and 10-Year (NAV: 8.75%, MKT: 8.86%).

What is the primary investment goal of Royce Value Trust?

The fund's primary investment 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.

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

Daily NAVs for Royce Value Trust are available on their website, online through most ticker symbol lookup services, and on broker terminals under the symbol XRVTX.

What are the top 5 sectors in which Royce Value Trust invests?

The fund primarily invests in Industrials (25.9% of net assets), Financials (19.1%), Information Technology (16.8%), Health Care (10.7%), and Consumer Discretionary (9.8%).

What is the significance of the fund's adviser having over 50 years of small- and micro-cap investment experience?

The adviser's extensive experience adds a valuable layer of expertise and insight to the fund's investment decisions, potentially benefiting shareholders with informed strategies and risk management.