Royce Micro-Cap Trust (NYSE: RMT) as of Aug 31, 2025
Rhea-AI Summary
Royce Micro-Cap Trust (NYSE: RMT) reported its performance metrics as of August 31, 2025, demonstrating strong returns across multiple timeframes. The fund posted a one-year return of 12.74% (NAV) and 12.85% (market price), with three-year returns of 13.82% and 13.45% respectively.
The fund, with net assets of $606.9M, maintains a diversified portfolio focused on companies with market capitalizations under $1 billion. The portfolio's top sectors include Industrials (27.8%), Information Technology (20.1%), and Financials (17.1%). The fund operates with minimal leverage at 1.4% and trades at a discount to NAV ($11.54 NAV vs $10.17 market price).
[ "Strong performance with 12.74% one-year NAV return and 13.82% three-year return", "Well-diversified portfolio across key growth sectors", "Low net leverage of 1.4% indicating conservative management", "Trading at discount to NAV, potentially offering value opportunity" ]Positive
- None.
Negative
- Market price trades at significant discount to NAV (10.17 vs 11.54)
- Micro-cap focus carries inherently higher risk compared to larger-cap investments
News Market Reaction
On the day this news was published, RMT declined 1.25%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
- Average weekly trading volume of approximately 580,845 shares
- Fund's adviser has more than 50 years of small- and micro-cap investment experience
CLOSING PRICES AS OF 08/31/25 | |
NAV | 11.54 |
MKT | 10.17 |
AVERAGE ANNUAL TOTAL RETURN AS OF 08/31/25 | NAV (%) | MKT (%) |
One-Month* | 7.25 | 7.39 |
Year to Date* | 9.64 | 8.81 |
One-Year | 12.74 | 12.85 |
Three-Year | 13.82 | 13.45 |
Five-Year | 12.70 | 13.69 |
10-Year | 11.35 | 11.81 |
*Not Annualized | ||
Important Performance and Expense Information
All performance information reflects past performance, is presented on a total return basis, net of the Fund's investment advisory fee, 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 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 normally invests in micro-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.
PORTFOLIO DIAGNOSTICS | |
Average Market Cap1 | |
Weighted Average P/B2 | 1.9x |
Net Assets | |
Net Leverage | 1.4 % |
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-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) |
CECO Environmental | 1.2 |
Montrose Environmental Group | 1.2 |
nLIGHT | 1.2 |
NWPX Infrastructure | 1.2 |
NPK International | 1.2 |
Lindblad Expeditions Holdings | 1.1 |
EVI Industries | 1.1 |
Bel Fuse Cl. B | 1.1 |
IES Holdings | 1.0 |
Magnite | 1.0 |
TOP FIVE SECTORS | % OF NET ASSETS (SUBJECT TO CHANGE) |
Industrials | 27.8 |
Information Technology | 20.1 |
Financials | 17.1 |
Health Care | 10.7 |
Consumer Discretionary | 9.9 |
Recent Developments
Royce Micro-Cap Trust, Inc. is a closed-end diversified investment company whose shares of Common Stock (RMT) are listed and traded on the New York Stock Exchange. The Fund's investment goal is long-term capital growth, which it seeks by investing primarily in equity securities of companies that, at the time of investment, have market capitalization of
Daily net asset values (NAVs) for Royce Micro-Cap Trust, Inc. are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XOTCX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.royceinvest.com.
An investor in Royce Micro-Cap Trust should consider the Fund's investment goals, risks, fees, and expenses carefully before investing.
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-micro-cap-trust-nyse-rmt-as-of-aug-31-2025-302567460.html
SOURCE Royce Micro-Cap Trust, Inc.
FAQ
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