Royce Micro-Cap Trust (NYSE: RMT) as of Nov 30, 2024

Rhea-AI Summary

Royce Micro-Cap Trust (NYSE: RMT) reported strong performance figures as of November 30, 2024, with a notable one-year total return of 32.77% (NAV) and 31.23% (Market). The fund, which manages $603.1M in net assets, focuses on companies with market capitalizations under $1 billion.

The fund's portfolio shows significant sector diversification with Information Technology and Industrials leading at 23.3% each, followed by Financials (16.1%), Health Care (11.8%), and Consumer Discretionary (5.7%). The top holding is Transcat at 1.8% of net assets, with an average market cap of $854.6M across the portfolio.

Trading volume averages approximately 529,390 shares weekly, with recent NAV at $11.80 and market price at $10.32.

NEW YORK, Dec. 23, 2024 /PRNewswire/ --

• Average weekly trading volume of approximately 529,390 shares
• Fund's adviser has more than 50 years of small- and micro-cap investment experience

CLOSING PRICES AS OF 11/30/24
NAV	11.80
MKT	10.32

AVERAGE ANNUAL TOTAL RETURN AS OF 11/30/24	NAV (%)	MKT (%)
One-Month*	11.32	10.73
Year to Date*	19.30	18.23
One-Year	32.77	31.23
Three-Year	6.30	6.46
Five-Year	14.13	13.80
10-Year	10.17	9.69
*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	$854.6M
Weighted Average P/B2	2.2x
Net Assets	$603.1M
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	1.8
Sprott	1.7
PAR Technology	1.6
Richardson Electronics	1.6
Universal Technical Institute	1.5
Applied Optoelectronics	1.5
BioLife Solutions	1.3
Mesa Laboratories	1.3
IES Holdings	1.2
nLIGHT	1.2

TOP FIVE SECTORS	% OF NET ASSETS (SUBJECT TO CHANGE)
Information Technology	23.3
Industrials	23.3
Financials	16.1
Health Care	11.8
Consumer Discretionary	5.7

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 is RMT's year-to-date performance as of November 2024?

RMT's year-to-date performance as of November 30, 2024, was 19.30% based on NAV and 18.23% based on market price.

What are the top sectors in RMT's portfolio as of November 2024?

The top sectors in RMT's portfolio are Information Technology and Industrials (both at 23.3%), followed by Financials (16.1%), Health Care (11.8%), and Consumer Discretionary (5.7%).

What is RMT's current net asset value and market price?

As of November 30, 2024, RMT's net asset value (NAV) was $11.80 and its market price was $10.32.

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

The average market capitalization of companies in RMT's portfolio is $854.6M, based on geometric average calculation.

What are RMT's top three holdings and their weightings?

RMT's top three holdings are Transcat (1.8%), Sprott (1.7%), and PAR Technology (1.6%) of net assets.

What is RMT's 10-year performance record?

RMT's 10-year average annual total return is 10.17% based on NAV and 9.69% based on market price.