Royce Global Trust (NYSE: RGT) as of Dec 31, 2024

Rhea-AI Summary

Royce Global Trust (NYSE: RGT) reported its performance metrics as of December 31, 2024, showing mixed results across different time periods. The fund, which invests in global equities with a focus on small-cap and mid-cap companies, posted a one-year return of 11.80% (NAV) and 14.81% (Market Price), while experiencing a one-month decline of -5.05% (NAV) and -5.03% (Market Price).

The fund's portfolio diagnostics reveal an average market cap of $2538.9M, with a weighted average P/E of 22.8x and P/B of 2.9x. Net assets stand at $81.8M with 1.9% net leverage. The top sectors include Industrials (34.6%), Financials (26.9%), and Information Technology (14.4%). FTAI Aviation leads the top holdings at 3.8% of net assets.

Under normal market conditions, the fund maintains at least 80% of net assets in equity securities and 65% in companies from at least three countries outside the United States.

NEW YORK, Jan. 27, 2025 /PRNewswire/ -- 

• A closed-end fund that invests in global equities using a disciplined value approach
• Average weekly trading volume of approximately 72,971 shares
• Fund's adviser has more than 50 years of small- and micro-cap investment experience

 

CLOSING PRICES AS OF 12/31/24
NAV	12.55
MKT	10.72

 

AVERAGE ANNUAL TOTAL RETURN AS OF 12/31/24	NAV (%)	MKT (%)
One-Month*	-5.05	-5.03
One-Year	11.80	14.81
Three-Year	-1.78	-4.18
Five-Year	5.69	5.57
10-Year	7.40	7.21

*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	$2538.9M
Weighted Average P/E2	22.8x
Weighted Average P/B2	2.9x
Net Assets	$81.8M
Net Leverage	1.9 %

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 (16% of portfolio holdings as of 12/31/24). 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)
FTAI Aviation	3.8
Tel Aviv Stock Exchange	3.2
SEI Investments	2.8
Sprott	2.4
Protector Forsikring	2.2
Alamos Gold Cl. A	2.1
APi Group	2.0
Morningstar	2.0
ESAB Corporation	2.0
TMX Group	1.8

 

TOP FIVE SECTORS	% OF NET ASSETS (SUBJECT TO CHANGE)
Industrials	34.6
Financials	26.9
Information Technology	14.4
Materials	8.6
Health Care	5.6

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 Value Trust, Inc.

FAQ

What was Royce Global Trust's (RGT) one-year performance as of December 31, 2024?

RGT delivered a one-year total return of 11.80% based on NAV and 14.81% based on market price as of December 31, 2024.

What are the top three sector allocations in RGT's portfolio?

The top three sectors in RGT's portfolio are Industrials (34.6%), Financials (26.9%), and Information Technology (14.4%).

What is RGT's investment requirement for international exposure?

RGT must invest at least 65% of its net assets in equity securities of companies located in at least three countries outside of the United States.

What are RGT's current portfolio metrics as of December 31, 2024?

RGT's portfolio metrics include an average market cap of $2538.9M, weighted average P/E of 22.8x, P/B of 2.9x, net assets of $81.8M, and net leverage of 1.9%.

What is the largest holding in RGT's portfolio as of December 31, 2024?

FTAI Aviation is the largest holding in RGT's portfolio, representing 3.8% of net assets.

How has RGT performed over the five-year period ending December 31, 2024?

RGT achieved a five-year average annual total return of 5.69% based on NAV and 5.57% based on market price.