NEW YORK ,
Aug. 28,
2023 /PRNewswire/ --
- Oldest and largest small-cap closed-end fund
- Average weekly trading volume of approximately 1,057,907
shares
- Fund's adviser has more than 40 years of small- and micro-cap
investment experience
|
CLOSING PRICES AS OF
07/31/23
|
|
|
NAV
|
16.38
|
|
MKT
|
14.39
|
|
AVERAGE ANNUAL TOTAL
RETURN AS OF 07/31/23
|
NAV
(%)
|
MKT
(%)
|
|
One-Month*
|
4.33
|
4.28
|
|
Year to
Date*
|
16.56
|
12.83
|
|
One-Year
|
9.33
|
-1.22
|
|
Three-Year
|
11.51
|
12.27
|
|
Five-Year
|
7.38
|
6.93
|
|
10-Year
|
8.96
|
8.90
|
|
*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
|
$2798.2M
|
|
Weighted Average
P/E2
|
15.9x
|
|
Weighted Average
P/B2
|
2.1x
|
|
Net Assets
|
$1.83B
|
|
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 (15% of portfolio holdings as of
07/31/23). 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
|
|
MKS
Instruments
|
1.2
|
|
Enovis
Corporation
|
1.0
|
|
LCI
Industries
|
1.0
|
|
Ziff Davis
|
0.9
|
|
Quaker
Houghton
|
0.9
|
|
Fabrinet
|
0.9
|
|
APi Group
|
0.9
|
|
SEI
Investments
|
0.9
|
|
IES Holdings
|
0.8
|
|
TOP FIVE
SECTORS
|
% OF NET ASSETS
(SUBJECT TO CHANGE)
|
|
Industrials
|
26.3
|
|
Financials
|
17.5
|
|
Information
Technology
|
15.4
|
|
Consumer
Discretionary
|
10.4
|
|
Health Care
|
9.7
|
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.
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SOURCE Royce Value Trust