Royce Global Trust (NYSE: RGT) as of Apr 30, 2025

Rhea-AI Summary

Royce Global Trust (NYSE: RGT) reported its performance metrics as of April 30, 2025. The fund, which focuses on global small-cap and mid-cap equities, showed a NAV of $12.60 and market price of $10.63. The fund demonstrated positive returns across various timeframes, with five-year returns of 9.62% (NAV) and 8.51% (market). With $82.1M in net assets, the fund maintains a diversified portfolio with average market cap of $2.66B, P/E ratio of 23.7x, and P/B ratio of 2.7x. Top sectors include Industrials (30.2%) and Financials (28.0%), with Alamos Gold Cl. A being the largest holding at 3.3%. The fund invests at least 80% in equity securities and 65% in companies across at least three countries outside the US.

Positive

• Five-year returns show strong performance at 9.62% (NAV) and 8.51% (market)
• Well-diversified portfolio across sectors with focus on Industrials (30.2%) and Financials (28.0%)
• Experienced management with over 50 years of small- and micro-cap investment expertise
• Healthy average weekly trading volume of 104,348 shares indicating good liquidity

Negative

• Year-to-date market return is negative at -0.86%
• Significant market price discount to NAV ($10.63 vs $12.60)
• Small fund size with only $82.1M in net assets
• Higher risk profile due to focus on small-cap and mid-cap companies and foreign securities exposure

• A closed-end fund that invests in global equities using a disciplined value approach
• Average weekly trading volume of approximately 104,348 shares
• Fund's adviser has more than 50 years of small- and micro-cap investment experience

NEW YORK, June 3, 2025 /PRNewswire/ --

CLOSING PRICES AS OF 04/30/25
NAV	12.60
MKT	10.63

 

AVERAGE ANNUAL TOTAL RETURN AS OF 04/30/25	NAV (%)	MKT (%)
One-Month*	2.44	1.24
Year to Date*	0.40	-0.86
One-Year	8.90	8.49
Three-Year	6.06	4.08
Five-Year	9.62	8.51
10-Year	6.78	6.64

*Not Annualized

Important Performance and Expense Information

All performance information reflects past performance, is presented on a total return basis, 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 most 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 mid-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	$2658.1M
Weighted Average P/E2	23.7x
Weighted Average P/B2	2.7x
Net Assets	$82.1M

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 (7% of portfolio holdings as of 04/30/25). 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	3.3
Protector Forsikring	3.0
Tel Aviv Stock Exchange	3.0
Sprott	2.9
SEI Investments	2.6
TMX Group	2.4
FTAI Aviation	2.2
APi Group	2.1
Stadio Holdings	1.9
ESAB Corporation	1.9

 

TOP FIVE SECTORS	% OF NET ASSETS (SUBJECT TO CHANGE)
Industrials	30.2
Financials	28.0
Materials	11.5
Information Technology	10.5
Health Care	5.0

Recent Developments
The investment goal of Royce Global Trust is long-term growth of capital. Under normal market circumstances, the Fund will invest at least 80% of its net assets in equity securities, such as common stock and preferred stock, and at least 65% of its net assets in the equity securities of companies located in at least three countries outside of the United States. Royce & Associates, LP manages the Fund.

Daily net asset values (NAVs) for Royce Global Trust are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XRGTX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.royceinvest.com.

An investor in Royce Global Trust should consider the Fund's investment goals, risks, fees, charges, and expenses carefully before purchasing share's of the Fund's common stock.

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 Global Trust

FAQ

What is the current NAV and market price of Royce Global Trust (RGT)?

As of April 30, 2025, RGT's NAV is $12.60 and market price is $10.63.

What are RGT's top holdings and sectors as of April 2025?

Top holdings include Alamos Gold (3.3%), Protector Forsikring (3.0%), and Tel Aviv Stock Exchange (3.0%). Top sectors are Industrials (30.2%) and Financials (28.0%).

What is RGT's investment strategy and focus?

RGT invests at least 80% in equity securities and 65% in companies from at least three countries outside the US, focusing on small-cap and mid-cap global equities using a disciplined value approach.

What are RGT's 5-year returns as of April 2025?

RGT's 5-year returns are 9.62% based on NAV and 8.51% based on market price.

What is the average market cap and size of RGT's portfolio?

RGT has net assets of $82.1M with an average market cap of $2,658.1M, P/E ratio of 23.7x, and P/B ratio of 2.7x.