Royce Small-Cap Trust (NYSE: RVT) as of Jan 31, 2026

Rhea-AI Summary

Royce Small-Cap Trust (NYSE: RVT) reported closing NAV of $18.82 and market price of $17.37 as of 01/31/26, with net assets of $2.30B and an average market cap of $3,498.7M. One-year total return was 18.73% (NAV) and market one-year return was 16.85%. Top sectors: Industrials 26.2% and Financials 19.7%. Portfolio P/E was 20.0x (excludes 14% with zero/negative earnings).

Fund emphasizes small- and micro-cap equity focus and notes market-price volatility versus NAV; daily NAVs available under ticker XRVTX.

Positive

• One-year NAV total return of 18.73%
• Net assets totaling $2.30B
• Average market cap $3,498.7M indicating mid-small cap exposure

Negative

• Market price trades below NAV (MKT $17.37 vs NAV $18.82)
• 14% of holdings excluded from P/E due to zero or negative earnings

• Oldest and largest small-cap closed-end fund
• Average weekly trading volume of approximately 2,313,377 shares
• Fund's adviser has more than 50 years of small- and micro-cap investment experience

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

CLOSING PRICES AS OF 01/31/26
NAV	18.82
MKT	17.37

AVERAGE ANNUAL TOTAL RETURN AS OF 01/31/26	NAV (%)	MKT (%)
One-Month*	6.39	7.89
One-Year	18.73	16.85
Three-Year	14.63	15.30
Five-Year	9.00	10.12
10-Year	13.18	14.47
*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 invests primarily in securities of small-cap and 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. From time to time, the Fund may invest a significant portion of its net assets in foreign securities, which may involve political, economic, currency, and other risks not encountered in U.S. investments.

PORTFOLIO DIAGNOSTICS
Average Market Cap1	$3498.7M
Weighted Average P/E2	20.0x
Weighted Average P/B2	2.4x
Net Assets	$2.30B

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-Earnings, or P/E, ratio is calculated by dividing a company's share price by its trailing 12-month earnings-per-share (EPS). The Fund's P/E ratio calculation excludes companies with zero or negative earnings (14% of portfolio holdings as of 01/31/26). The Price-to-Book, or P/B, Ratio is calculated by dividing a company's share price by its book value per share.

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)
IES Holdings	2.0
Assured Guaranty	1.3
APi Group	1.2
ESAB Corporation	1.1
Arcosa	1.1
Brady Corporation Cl. A	1.1
SEI Investments	1.0
Quaker Houghton	1.0
Powell Industries	1.0
International General Insurance Holdings	1.0

TOP FIVE SECTORS	% OF NET ASSETS (SUBJECT TO CHANGE)
Industrials	26.2
Financials	19.7
Information Technology	14.3
Health Care	9.3
Consumer Discretionary	9.3

Recent Developments
Royce Small-Cap Trust is a closed-end diversified management investment company whose shares of Common Stock (RVT) are listed and traded on the New York Stock Exchange. Its primary investment goal is long-term capital growth, which it seeks by investing at least 65% of its assets in equity securities primarily of small- and micro-cap companies.

Daily net asset values (NAVs) for Royce Small-Cap Trust are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XRVTX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.royceinvest.com.

An investor in Royce Small-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.

View original content:https://www.prnewswire.com/news-releases/royce-small-cap-trust-nyse-rvt-as-of-jan-31-2026-302699844.html

SOURCE Royce Small Cap Trust

FAQ

What were Royce Small-Cap Trust (RVT) NAV and market price on 01/31/2026?

The fund closed with NAV $18.82 and market price $17.37 on 01/31/2026. According to the company, these values reflect month-end valuations and market trading under NYSE symbol RVT.

How did Royce Small-Cap Trust (RVT) perform over the one-year period ending 01/31/2026?

RVT posted a one-year NAV total return of 18.73% and market return of 16.85%. According to the company, returns reflect total return basis net of advisory fees and reinvested distributions.

What is Royce Small-Cap Trust's (RVT) portfolio size and average market cap as of 01/31/2026?

The fund reported net assets of $2.30B and a geometric average market cap of $3,498.7M. According to the company, the average is calculated to reflect portfolio center rather than simple mean.

Which sectors make up the largest allocations in Royce Small-Cap Trust (RVT) as of 01/31/2026?

Top sector weights are Industrials 26.2%, Financials 19.7%, and Information Technology 14.3%. According to the company, sector percentages are subject to change with portfolio activity.

Does Royce Small-Cap Trust (RVT) trade at a discount or premium to NAV on 01/31/2026?

RVT traded at a discount to NAV on 01/31/2026 (market $17.37 vs NAV $18.82). According to the company, closed-end fund shares can fluctuate and may trade above or below NAV.