Royce Micro-Cap Trust (NYSE: RMT) as of Jun 30, 2026
Rhea-AI Summary
Royce Micro-Cap Trust (NYSE: RMT) reported key fund metrics as of June 30, 2026. The closed-end fund’s net asset value (NAV) was $16.75 per share and the market price was $14.64, with an average weekly trading volume of about 735,990 shares.
Average annual total returns at NAV were 70.39% for one year, 28.56% for three years, 13.09% for five years, and 16.00% for 10 years, while market price returns were similar. Year-to-date total returns were 46.65% at NAV and 44.89% at market price (non-annualized). The fund held $907.5 million in net assets, with average portfolio market cap of $1.1274 billion, weighted average price-to-book of 2.4x, and net leverage of 2.6%.
Top positions included Ichor Holdings and Ultra Clean Holdings at 1.8% of net assets each, and Cohu at 1.7%. Leading sectors were Industrials (28.6%) and Information Technology (25.5%). The fund targets long-term capital growth by investing mainly in micro-cap companies, and daily NAVs are now available online under ticker XOTCX.
Positive
- One-year NAV total return 70.39% as of 06/30/26
- Year-to-date NAV total return 46.65% (non-annualized) as of 06/30/26
- Net assets $907.5 million as of 06/30/26
- 10-year annualized total return of 16.00% at NAV and 16.35% at market price
Negative
- Market price $14.64 below NAV $16.75, indicating a share price discount
- Fund focuses on micro-cap stocks, which the company notes may involve considerably more risk than larger-cap investing
- Closed-end structure means shares can trade at a discount to NAV, adding market-price risk for investors
News Market Reaction – RMT
In the Jul 23 session, RMT declined 0.36%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Average weekly trading volume of approximately 735,990 shares
- Fund's adviser has more than 50 years of small- and micro-cap investment experience
CLOSING PRICES AS OF 06/30/26 | |
NAV | 16.75 |
MKT | 14.64 |
AVERAGE ANNUAL TOTAL RETURN AS OF 06/30/26 | NAV (%) | MKT (%) |
One-Month* | 8.06 | 5.81 |
Year to Date* | 46.65 | 44.89 |
One-Year | 70.39 | 70.02 |
Three-Year | 28.56 | 28.47 |
Five-Year | 13.09 | 12.58 |
10-Year | 16.00 | 16.35 |
*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 | 2.4x |
Net Assets | |
Net Leverage | 2.6 % |
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 |
Ichor Holdings | 1.8 |
Ultra Clean Holdings | 1.8 |
Cohu | 1.7 |
Graham Corporation | 1.5 |
NWPX Infrastructure | 1.5 |
Bel Fuse Cl. B | 1.4 |
EZCORP Cl. A | 1.4 |
Lindblad Expeditions Holdings | 1.3 |
Richardson Electronics | 1.3 |
CECO Environmental | 1.3 |
TOP FIVE SECTORS | % OF NET ASSETS (SUBJECT TO |
Industrials | 28.6 |
Information Technology | 25.5 |
Health Care | 12.7 |
Financials | 12.2 |
Consumer Discretionary | 12.0 |
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.
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SOURCE Royce Micro-Cap Trust, Inc.