Royce Micro-Cap Trust (NYSE: RMT) as of Jan 31, 2026

Rhea-AI Summary

Royce Micro-Cap Trust (NYSE: RMT) reported fund metrics as of Jan 31, 2026. Key figures: NAV $12.91, market price $11.49, one-year NAV return 25.47%, net assets $690.1M, and average weekly trading volume ~684,629 shares.

Portfolio diagnostics show average market cap ~$930.3M, weighted P/B 2.1x, top sector Industrials 27.0%. The fund focuses on micro-cap equities and warns shares may trade at a discount to NAV.

Positive

• One-year NAV return of 25.47%
• Average weekly trading volume of ~684,629 shares
• Net assets of $690.1M indicating substantial fund scale

Negative

• Market price $11.49 vs NAV $12.91 (~11% discount)
• Sector concentration: 27.0% Industrials increases single-sector exposure

NEW YORK, Feb. 27, 2026 /PRNewswire/ -- 

• Average weekly trading volume of approximately 684,629 shares
• Fund's adviser has more than 50 years of small- and micro-cap investment experience

CLOSING PRICES AS OF 01/31/26
NAV	12.91
MKT	11.49

AVERAGE ANNUAL TOTAL RETURN AS OF 01/31/26	NAV (%)	MKT (%)
One-Month*	9.50	10.16
One-Year	25.47	26.00
Three-Year	15.65	15.76
Five-Year	9.87	10.58
10-Year	14.12	14.97
*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	$930.3M
Weighted Average P/B2	2.1x
Net Assets	$690.1M
Net Leverage	0.3 %

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)
5N Plus	1.5
Ichor Holdings	1.4
Ultra Clean Holdings	1.4
Sprott	1.4
Bel Fuse Cl. B	1.3
Camtek	1.3
CECO Environmental	1.3
NPK International	1.3
nLIGHT	1.2
Cohu	1.2

TOP FIVE SECTORS	% OF NET ASSETS (SUBJECT TO CHANGE)
Industrials	27.0
Information Technology	22.1
Financials	15.1
Health Care	11.7
Consumer Discretionary	9.8

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

FAQ

What was Royce Micro-Cap Trust (RMT) NAV and market price as of Jan 31, 2026?

NAV was $12.91 and the market price was $11.49 as of Jan 31, 2026. According to the company, these closing figures reflect the fund's daily valuation and market trading at month-end.

How did Royce Micro-Cap Trust (RMT) perform over the one-year period ending Jan 31, 2026?

The fund delivered a 25.47% one-year NAV return as of Jan 31, 2026. According to the company, performance reflects total return net of advisory fees and reinvested distributions.

What are Royce Micro-Cap Trust (RMT) total net assets and average market cap as of Jan 31, 2026?

Net assets were $690.1M and average market cap was about $930.3M as of Jan 31, 2026. According to the company, the portfolio focuses on micro-cap equities under $1 billion at time of investment.

Is Royce Micro-Cap Trust (RMT) trading at a discount or premium to NAV on Jan 31, 2026?

RMT was trading at roughly an 11% discount to NAV as of Jan 31, 2026. According to the company, closed-end fund shares can fluctuate and may trade below net asset value.

What sectors represent Royce Micro-Cap Trust (RMT)'s largest exposures as of Jan 31, 2026?

Top sector exposure was Industrials 27.0%, followed by Information Technology 22.1% and Financials 15.1%. According to the company, sector weights are subject to change.

How liquid is Royce Micro-Cap Trust (RMT) based on recent trading as of Jan 31, 2026?

Average weekly trading volume was approximately 684,629 shares, indicating notable liquidity for a closed-end micro-cap fund. According to the company, this reflects recent market activity in the fund's shares.