Royce Global Trust (NYSE: RGT) as of Aug 31, 2026
Market-price returns exceeded NAV returns over one, three and 10 years, but lagged over five years.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Royce Global Trust (NYSE: RGT) reported positive investment returns across all disclosed periods in its portfolio update as of August 31, 2026. Net asset value (NAV), the value of assets after liabilities per share, was $17.79, versus a $15.32 market price. Net assets totaled $116.8 million.
NAV and market-price total returns were respectively 21.73% and 22.07% for one year, 19.82% and 21.64% annualized over three years, 6.73% and 4.92% over five years, and 10.90% and 11.09% over 10 years. Nonannualized returns were 2.01% and 1.32% for August, and 16.73% and 16.86% year to date. Returns include reinvested distributions.
The portfolio's average market capitalization was $4,700.6 million. Weighted valuation ratios were 24.0 times earnings and 3.6 times book value. Industrials represented 33.5% of net assets and financials 24.3%; FirstService was the largest listed holding at 3.3%.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointOne-year total returns were 21.73% at NAV and 22.07% at market price through August 31, 2026.
- Moderate pointYear-to-date total returns were 16.73% at NAV and 16.86% at market price, not annualized.
- Moderate pointThree-year annualized total returns were 19.82% at NAV and 21.64% at market price.
- Moderate point10-year annualized total returns were 10.90% at NAV and 11.09% at market price.
- Moderate pointFive-year annualized total returns were 6.73% at NAV, with market-price returns lower at 4.92%.
- Moderate pointOne-month total returns were 2.01% at NAV and 1.32% at market price, not annualized.
Negative
- Moderate point$15.32 market price was below the $17.79 per-share NAV as of August 31, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- A closed-end fund that invests in global equities using a disciplined value approach
- Average weekly trading volume of approximately 132,238 shares
- Fund's adviser has more than 50 years of small- and micro-cap investment experience
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CLOSING PRICES AS OF 08/31/26 |
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NAV |
17.79 |
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MKT |
15.32 |
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AVERAGE ANNUAL TOTAL RETURN AS OF 08/31/26 |
NAV (%) |
MKT (%) |
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One-Month* |
2.01 |
1.32 |
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Year to Date* |
16.73 |
16.86 |
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One-Year |
21.73 |
22.07 |
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Three-Year |
19.82 |
21.64 |
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Five-Year |
6.73 |
4.92 |
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10-Year |
10.90 |
11.09 |
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*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
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PORTFOLIO DIAGNOSTICS |
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Average Market Cap1 |
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Weighted Average P/E2 |
24.0x |
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Weighted Average P/B2 |
3.6x |
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Net Assets |
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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. |
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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. |
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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 ( |
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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
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TOP 10 POSITIONS |
% OF NET ASSETS (SUBJECT TO CHANGE) |
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FirstService Corporation |
3.3 |
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Manhattan Associates |
3.2 |
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Protector Forsikring |
2.8 |
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H&R Block |
2.8 |
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Phoenix Financial |
2.6 |
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SEI Investments |
2.6 |
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Stadio Holdings |
2.5 |
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MSA Safety |
2.2 |
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Exponent |
2.1 |
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APi Group |
2.1 |
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TOP FIVE SECTORS |
% OF NET ASSETS (SUBJECT TO CHANGE) |
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Industrials |
33.5 |
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Financials |
24.3 |
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Information Technology |
13.4 |
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Materials |
7.0 |
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Consumer Discretionary |
5.9 |
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
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.
View original content:https://www.prnewswire.com/news-releases/royce-global-trust-nyse-rgt-as-of-aug-31-2026-302895075.html
SOURCE Royce Global Trust
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What was Royce Global Trust's one-year return through August 31, 2026?
Royce Global Trust's one-year total return was 21.73% at NAV and 22.07% at market price. These returns reflect reinvestment of distributions and describe past performance, not guaranteed future results.
Does Royce Global Trust's portfolio P/E ratio include companies with losses?
The fund's 24.0-times weighted average price-to-earnings ratio excludes companies with zero or negative earnings, which represented 6% of portfolio holdings as of August 31, 2026. The ratio uses trailing 12-month earnings and a harmonic-average calculation that evaluates the portfolio as if it were a single stock.