Royce Global Trust (NYSE: RGT) as of Sep 30, 2026
Positive year-to-date returns contrasted with September losses at both net asset value and market price.
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 net assets of $111.7 million in its portfolio update as of September 30, 2026. The closing market price was $14.24, versus net asset value (NAV), or assets less liabilities per share, of $17.02.
September total returns were -4.33% at NAV and -7.05% at market price. Year-to-date returns were 11.68% and 8.62%, respectively; one-year returns were 14.91% and 11.58%. Annualized NAV and market returns were 20.00% and 20.72% over three years, 6.58% and 4.19% over five years, and 10.17% and 10.19% over 10 years. Returns reflect reinvested distributions.
Industrials represented 35.2% of net assets, followed by financials at 22.6%. Stadio Holdings was the largest position at 3.3%. Portfolio weighted average price-to-earnings and price-to-book ratios were 23.0x and 3.5x, respectively.
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 pointYear-to-date total returns were 11.68% at NAV and 8.62% at market price through September 30, 2026.
- Moderate pointOne-year total returns were 14.91% at NAV and 11.58% at market price through September 30, 2026.
- Moderate pointThree-year annualized returns were 20.00% at NAV and 20.72% at market price through September 30, 2026.
- Moderate pointFive-year annualized returns were 6.58% at NAV and 4.19% at market price through September 30, 2026.
- Moderate point10-year annualized returns were 10.17% at NAV and 10.19% at market price through September 30, 2026.
Negative
- Moderate pointSeptember total returns were -4.33% at NAV and -7.05% at market price.
- Moderate point$14.24 closing market price was below $17.02 NAV per share as of September 30, 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 69,632 shares
- Fund's adviser has more than 50 years of small- and micro-cap investment experience
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CLOSING PRICES AS OF 09/30/26 |
|
|
NAV |
17.02 |
|
MKT |
14.24 |
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AVERAGE ANNUAL TOTAL RETURN AS OF 09/30/26 |
NAV (%) |
MKT (%) |
|
One-Month* |
-4.33 |
-7.05 |
|
Year to Date* |
11.68 |
8.62 |
|
One-Year |
14.91 |
11.58 |
|
Three-Year |
20.00 |
20.72 |
|
Five-Year |
6.58 |
4.19 |
|
10-Year |
10.17 |
10.19 |
|
*Not Annualized |
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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 |
|
|
Average Market Cap1 |
|
|
Weighted Average P/E2 |
23.0x |
|
Weighted Average P/B2 |
3.5x |
|
Net Assets |
|
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 (
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 |
|
Stadio Holdings |
3.3 |
|
FirstService Corporation |
3.2 |
|
Manhattan Associates |
3.0 |
|
Phoenix Financial |
2.6 |
|
Protector Forsikring |
2.6 |
|
SEI Investments |
2.5 |
|
H&R Block |
2.3 |
|
APi Group |
2.2 |
|
MSA Safety |
2.2 |
|
Quaker Houghton |
2.1 |
|
TOP FIVE SECTORS |
% OF NET ASSETS (SUBJECT TO |
|
Industrials |
35.2 |
|
Financials |
22.6 |
|
Information Technology |
13.9 |
|
Materials |
7.4 |
|
Consumer Discretionary |
6.3 |
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.
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SOURCE Royce Global Trust
FAQ
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