Royce Value Trust (NYSE: RVT) as of Sep 30, 2023

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 938,193 shares. The fund's adviser has over 40 years of small- and micro-cap investment experience. The fund's NAV as of 09/30/23 was $14.78, and the MKT price was $12.87. The fund has shown positive average annual total returns across various time periods. However, past performance is not indicative of future results.

NEW YORK, Oct. 30, 2023 /PRNewswire/ --

• Oldest and largest small-cap closed-end fund
• Average weekly trading volume of approximately 938,193 shares
• Fund's adviser has more than 40 years of small- and micro-cap investment experience

CLOSING PRICES AS OF 09/30/23
NAV	14.78
MKT	12.87

 

AVERAGE ANNUAL TOTAL RETURN AS OF 09/30/23	NAV (%)	MKT (%)
One-Month*	-5.50	-5.64
Year to Date*	7.26	2.91
One-Year	18.15	11.08
Three-Year	8.53	9.50
Five-Year	5.35	4.00
10-Year	7.63	7.59
*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	$2539.0M
Weighted Average P/E2	14.4x
Weighted Average P/B2	1.9x
Net Assets	$1.66B

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 (14% of portfolio holdings as of 09/30/23). 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)
Alamos Gold Cl. A	1.3
Enovis Corporation	1.2
Fabrinet	1.1
IES Holdings	1.1
Ziff Davis	1.1
SEI Investments	1.0
LCI Industries	1.0
Haemonetics Corporation	0.9
Brady Corporation Cl. A	0.9
PAR Technology	0.9

 

TOP FIVE SECTORS	% OF NET ASSETS (SUBJECT TO CHANGE)
Industrials	26.5
Financials	18.9
Information Technology	15.4
Consumer Discretionary	10.1
Health Care	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-sep-30-2023-301971792.html

SOURCE Royce Value Trust

FAQ

What is the ticker symbol for Royce Value Trust?

The ticker symbol for Royce Value Trust is RVT.

What is the NAV of Royce Value Trust as of 09/30/23?

The NAV of Royce Value Trust as of 09/30/23 was $14.78.

What is the market price of Royce Value Trust as of 09/30/23?

The market price of Royce Value Trust as of 09/30/23 was $12.87.

What is the average weekly trading volume of Royce Value Trust?

The average weekly trading volume of Royce Value Trust is approximately 938,193 shares.

What is the investment goal of Royce Value Trust?

The primary investment goal of Royce Value Trust is long-term capital growth.

What is the portfolio composition of Royce Value Trust?

The top 10 positions of Royce Value Trust include Alamos Gold Cl. A, Enovis Corporation, Fabrinet, IES Holdings, Ziff Davis, SEI Investments, LCI Industries, Haemonetics Corporation, Brady Corporation Cl. A, and PAR Technology. The top five sectors include Industrials, Financials, Information Technology, Consumer Discretionary, and Health Care.

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

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

How can I contact The Royce Funds?

You can contact The Royce Funds at (800) 221-4268 or visit their website at www.royceinvest.com.

What should I consider before investing in Royce Value Trust?

Before investing in Royce Value Trust, you should carefully consider the fund's investment goals, risks, fees, and expenses.

What are closed-end funds?

Closed-end funds are registered investment companies whose shares of common stock may trade at a discount to their net asset value. Shares are also subject to the market risks of investing in the underlying portfolio securities held by the fund.