Royce Small-Cap Trust, Inc. is a diversified closed-end management investment company whose common stock trades on the New York Stock Exchange under RVT. The fund seeks long-term capital growth and, under normal circumstances, invests at least 80% of net assets in equity securities of small-cap companies.
The fund's announcements primarily cover quarterly common stock distributions, stock-or-cash election mechanics, estimated distribution sources, NAV-based distribution policy details, and fund performance and distribution-rate information. Its public record also reflects the completed 2024 name change from Royce Value Trust and the related small-cap investment policy update.
Royce Small-Cap Trust (NYSE: RVT) reported a 24.10% one-year return on net asset value through August 31, 2026. Net asset value, the value of assets per share after liabilities, was $20.47, versus a market price of $18.57. Net assets totaled $2.54 billion.
One-year market-price total return was 26.04%. Year-to-date returns were 19.89% on net asset value and 19.51% on market price. For August, net asset value return was -0.78%, while market-price return was 2.65%. Annualized returns over three, five and 10 years were positive on both measures. Returns include reinvested distributions and are net of the investment advisory fee.
The portfolio's average market capitalization was $3837.0 million. Weighted average price-to-earnings and price-to-book ratios were 18.1x and 2.5x. Industrials represented 25.2% of net assets; IES Holdings was the largest position at 2.9%.
Royce Small-Cap Trust (NYSE: RVT) declared a third-quarter 2026 common stock distribution of $0.33 per share, payable September 29, 2026 to shareholders of record and ex-dividend on September 11, 2026. Holders may elect cash or additional shares; reinvestment share price will be set on September 18, 2026.
According to Royce Small-Cap Trust, the fund follows a quarterly distribution policy targeting an annual rate of 7% of the rolling average of the prior four quarter-end NAVs. For this $0.33 distribution, estimated sources are 1% net investment income, 22% net realized short-term gains, and 77% net realized long-term gains, with no return of capital. Year-to-date through August 31, 2026, total distributions of $0.94 per share have the same estimated mix and also show no return of capital.
The fund reports a 5-year average annual total return on NAV of 8.72%, a current annualized distribution rate of 6.45% of NAV, a fiscal-year-to-date cumulative total return of 19.89%, and a cumulative fiscal-year distribution rate of 4.59% of NAV as of August 31, 2026.
Royce Small-Cap Trust (NYSE: RVT) reported key metrics as of July 31, 2026. The closed-end small-cap fund’s net asset value (NAV) was $20.63 per share, while the market price was $18.09, indicating trading at a discount to NAV.
Average annual total returns at NAV were -2.73% for one month (not annualized), 20.83% year-to-date (not annualized), 31.81% for one year, 17.43% for three years, 9.11% for five years, and 12.45% for ten years. Market-price returns were similar, with a 10-year figure of 12.64%. According to Royce Small-Cap Trust, net assets totaled $2.56 billion, with a geometric average market cap of $3,833.2 million, weighted average P/E of 19.3x, and P/B of 2.6x.
The top 10 positions, led by IES Holdings (3.6% of net assets), are diversified across sectors. The five largest sectors were Industrials (27.2%), Financials (20.0%), Information Technology (14.3%), Consumer Discretionary (10.7%), and Health Care (8.8%). The fund seeks long-term capital growth by investing at least 65% of assets in small- and micro-cap equities and notes higher risks from small-cap and foreign exposures.
Royce Small-Cap Trust (NYSE: RVT), described as the oldest and largest small-cap closed-end fund, reported a net asset value (NAV) of $21.21 and a market price of $18.47 as of June 30, 2026.
Average annual total returns at NAV were 6.24% for one month*, 24.23% year to date*, 38.11% for one year, 20.21% for three years, 9.44% for five years, and 13.31% for 10 years (market price returns: 1.23%, 18.86%, 33.77%, 19.83%, 8.62%, and 13.75%, respectively; *not annualized).
Portfolio diagnostics show an average market cap of $4.114 billion, weighted average P/E of 20.5x, weighted average P/B of 2.7x, and net assets of $2.64 billion. Top positions include IES Holdings (3.4% of net assets), with Industrials (26.9%) and Financials (19.1%) as leading sectors. The fund emphasizes long-term capital growth through small- and micro-cap stocks and highlights risks from small-cap, foreign, and closed-end fund structures.
Royce Small-Cap Trust (NYSE: RVT), described as the oldest and largest small-cap closed-end fund, reported key metrics as of 05/31/26. Closing NAV was $20.31 and market price $18.56, with net assets of $2.50 billion.
Average annual total return at NAV was 35.93% for 1-year and 12.64% for 10-year. The portfolio’s average market cap was $3,862.1 million, with weighted P/E of 19.6x and P/B of 2.6x. Top sectors were Industrials, Financials, and Information Technology.
Royce Small-Cap Trust (NYSE:RVT) declared a second-quarter common stock distribution of $0.31 per share, payable June 29, 2026, to shareholders of record and ex-dividend on June 11, 2026. Holders may receive cash or shares, with reinvestment pricing set on June 18, 2026.
The fund’s distribution policy targets 7% annually of the rolling average of the prior four quarter-end NAVs. For this distribution, estimated sources are 1% net investment income, 22% net realized short-term gains, and 77% net realized long-term gains, with no return of capital.
Royce Small-Cap Trust (NYSE: RVT) reported key data as of April 30, 2026. The closed-end small-cap fund’s NAV was $19.90 and market price $18.40, with average weekly trading volume of about 885,839 shares.
Average annual total returns at NAV were 42.25% for 1-year, 19.82% for 3-year, 7.79% for 5-year, and 12.57% for 10-year. Net assets were $2.45 billion, with an average portfolio market cap of about $3.7 billion. Top sectors were Industrials, Financials, Information Technology, Consumer Discretionary, and Health Care.
Royce Small-Cap Trust (NYSE: RVT) reported portfolio and performance data as of 03/31/26. NAV was $18.09 and market price was $16.60. One-year total returns were NAV 27.47% and market 27.41%. Net assets totaled $2.23B; average market cap was $3,295.3M.
Quarter metrics include one-month NAV -5.85% and YTD NAV 4.15%. Top sectors: Industrials 26.7% and Financials 19.7%.
Royce Small-Cap Trust (NYSE: RVT) reports performance and portfolio data as of 02/28/26. NAV $19.57, market price $18.36. One-year total return: NAV +29.66%, market +31.94%. Year-to-date NAV is +10.63%. Net assets: $2.39B. Portfolio: average market cap $3,596.3M, weighted P/E 19.5x, P/B 2.4x. Top sectors: Industrials 26.5%, Financials 19.0%, Information Technology 13.2%. Average weekly trading volume approximately 1,600,196 shares. Fund focuses on small- and micro-cap equities and notes 15% of holdings had zero or negative earnings as of 02/28/26.
Royce Small-Cap Trust (NYSE:RVT) declared a quarterly common stock distribution of $0.30 per share, payable March 30, 2026, to holders of record at the close of business March 12, 2026 (ex-dividend March 12, 2026).
Shareholders may elect cash or reinvestment; reinvestment pricing will be determined March 20, 2026. The Fund uses a quarterly Distribution Policy targeting an annual rate of 7% of the rolling four-quarter average NAV (fourth-quarter minimums apply). Estimated allocation: 0% net investment income, 32% net realized short-term gains, 68% net realized long-term gains. Performance: 5-year average annual return 8.27%; annualized current distribution rate 6.13% as of 2/28/2026.