Royce Micro-Cap Trust (NYSE: RMT) as of Dec 31, 2024

Rhea-AI Summary

Royce Micro-Cap Trust (NYSE: RMT) reported its performance metrics as of December 31, 2024, with a NAV of $10.98 and market price of $9.75. The fund demonstrated strong performance with a one-year total return of 13.47% (NAV) and 14.17% (market), while maintaining average weekly trading volume of approximately 603,476 shares.

The fund's portfolio, valued at $566.8M in net assets, focuses on companies with market capitalizations under $1 billion. Key portfolio metrics include an average market cap of $769.1M and a weighted average P/B ratio of 2.1x. The fund's top sectors are Information Technology (23.9%), Industrials (22.4%), and Financials (16.3%). The largest individual positions include Transcat and Richardson Electronics, each at 1.7% of net assets.

News Market Reaction

-1.86%

1 alert

-1.86% News Effect

On the day this news was published, RMT declined 1.86%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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

• Average weekly trading volume of approximately 603,476 shares
• Fund's adviser has more than 50 years of small- and micro-cap investment experience

 

CLOSING PRICES AS OF 12/31/24
NAV	10.98
MKT	9.75

 

AVERAGE ANNUAL TOTAL RETURN AS OF 12/31/24	NAV (%)	MKT (%)
One-Month*	-4.89	-3.43
One-Year	13.47	14.17
Three-Year	3.23	3.37
Five-Year	11.86	11.89
10-Year	9.16	9.14

*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	$769.1M
Weighted Average P/B2	2.1x
Net Assets	$566.8M

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.

Portfolio Composition

 

TOP 10 POSITIONS	% OF NET ASSETS (SUBJECT TO CHANGE)
Transcat	1.7
Richardson Electronics	1.7
Universal Technical Institute	1.6
Sprott	1.5
Mesa Laboratories	1.4
PAR Technology	1.4
BioLife Solutions	1.3
nLIGHT	1.2
Graham Corporation	1.2
Major Drilling Group International	1.2

 

TOP FIVE SECTORS	% OF NET ASSETS (SUBJECT TO CHANGE)
Information Technology	23.9
Industrials	22.4
Financials	16.3
Health Care	12.5
Consumer Discretionary	6.5

 

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 $1 billion or less.

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.

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SOURCE Royce Micro-Cap Trust, Inc.

FAQ

What was RMT's one-year performance as of December 31, 2024?

RMT delivered a one-year total return of 13.47% based on NAV and 14.17% based on market price as of December 31, 2024.

What are the top 3 sector allocations in RMT's portfolio?

The top three sectors in RMT's portfolio are Information Technology (23.9%), Industrials (22.4%), and Financials (16.3%).

What is the current net asset value (NAV) and market price of RMT?

As of December 31, 2024, RMT's NAV was $10.98 and its market price was $9.75.

What is the average market capitalization of companies in RMT's portfolio?

The average market capitalization of companies in RMT's portfolio is $769.1M, based on geometric average calculation.

What are RMT's largest portfolio holdings?

RMT's largest holdings are Transcat and Richardson Electronics, each representing 1.7% of net assets.

What is the total asset size of RMT?

RMT has net assets of $566.8M as of December 31, 2024.