Royce Global Trust (NYSE: RGT) as of Feb 28, 2025

Rhea-AI Summary

Royce Global Trust (NYSE: RGT) has released its performance update as of February 28, 2025. The fund, which focuses on global equities using a disciplined value approach, maintains an average weekly trading volume of 33,066 shares.

The fund's investment strategy requires investing at least 80% of net assets in equity securities and a minimum of 65% in companies across at least three countries outside the United States. The portfolio primarily consists of small-cap and mid-cap companies, though this approach may involve higher risk compared to large-cap investments.

The fund's performance metrics include both geometric and harmonic averages to measure market capitalization and portfolio valuation. The P/E ratio calculation excludes companies with zero or negative earnings, which represent 13% of portfolio holdings as of February 2025.

NEW YORK, March 27, 2025 /PRNewswire/ --

• A closed-end fund that invests in global equities using a disciplined value approach
• Average weekly trading volume of approximately 33,066 shares
• Fund's adviser has more than 50 years of small- and micro-cap investment experience

 

CLOSING PRICES AS OF 02/28/25
NAV	12.59
MKT	10.87

 

AVERAGE ANNUAL TOTAL RETURN AS OF 02/28/25	NAV (%)	MKT (%)
One-Month*	-0.79	-0.55
Year to Date*	0.32	1.38
One-Year	9.72	7.16
Three-Year	3.06	1.44
Five-Year	8.28	6.86
10-Year	7.18	7.16
*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	$2596.0M
Weighted Average P/E2	23.1x
Weighted Average P/B2	2.8x
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 (13% of portfolio holdings as of 02/28/25). 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)
Tel Aviv Stock Exchange	3.3
SEI Investments	2.7
FTAI Aviation	2.6
Alamos Gold Cl. A	2.6
Protector Forsikring	2.4
Sprott	2.4
APi Group	2.2
TMX Group	2.1
ESAB Corporation	2.0
Stadio Holdings	1.9

 

TOP FIVE SECTORS	% OF NET ASSETS (SUBJECT TO CHANGE)
Industrials	30.7
Financials	27.2
Information Technology	11.5
Materials	10.6
Health Care	4.7

 

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 is the minimum international investment requirement for Royce Global Trust (RGT)?

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

How many shares of RGT are traded weekly on average?

The average weekly trading volume is approximately 33,066 shares.

What percentage of RGT's portfolio holdings had zero or negative earnings as of February 2025?

13% of portfolio holdings had zero or negative earnings as of February 28, 2025.

What are the main investment risks associated with RGT's portfolio?

Main risks include higher risk from small-cap and mid-cap investments, foreign securities risks (political, economic, currency), and no guarantee against loss despite portfolio diversification.

What is the minimum equity securities allocation requirement for RGT?

Under normal market circumstances, RGT must invest at least 80% of its net assets in equity securities such as common stock and preferred stock.