Royce Small-Cap Trust (NYSE: RVT) as of Jul 31, 2025

Rhea-AI Summary

Royce Small-Cap Trust (NYSE: RVT), the oldest and largest small-cap closed-end fund, reported its performance metrics as of July 31, 2025. The fund's Net Asset Value (NAV) stood at $17.06, while its market price was $15.18. RVT demonstrated strong performance with a three-year average annual return of 10.33% (NAV) and 7.12% (market price).

The fund manages $2.04 billion in net assets, with a portfolio focused on small- and micro-cap companies. The top sectors include Industrials (25.4%), Financials (22.5%), and Information Technology (14.4%). The fund's portfolio metrics show an average market cap of $3.2 billion, with weighted average P/E and P/B ratios of 18.5x and 2.1x respectively.

Positive

• Strong three-year average annual return of 10.33% (NAV)
• Substantial assets under management of $2.04B
• Well-diversified portfolio across key sectors
• Consistent long-term performance with 10-year returns above 10% for both NAV and market price

Negative

• Current market price trading at a discount to NAV ($15.18 vs $17.06)
• Year-to-date market return of only 0.02% significantly underperforms NAV return of 4.53%
• 13% of portfolio holdings have zero or negative earnings

NEW YORK, Sept. 2, 2025 /PRNewswire/ --

• Oldest and largest small-cap closed-end fund
• Average weekly trading volume of approximately 1,343,647 shares
• Fund's adviser has more than 50 years of small- and micro-cap investment experience

 

CLOSING PRICES AS OF 07/31/25
NAV	17.06
MKT	15.18

AVERAGE ANNUAL TOTAL RETURN AS OF 07/31/25	NAV (%)	MKT (%)
One-Month*	1.91	0.86
Year to Date*	4.53	0.02
One-Year	4.58	3.40
Three-Year	10.33	7.12
Five-Year	11.24	11.98
10-Year	10.05	10.41

*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	$3207.5M
Weighted Average P/E2	18.5x
Weighted Average P/B2	2.1x
Net Assets	$2.04B

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 (13% of portfolio holdings as of 07/31/25). 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	2.1
Assured Guaranty	1.4
APi Group	1.2
PAR Technology	1.2
SEI Investments	1.1
E-L Financial	1.1
Impinj	1.1
International General Insurance Holdings	1.1
Haemonetics Corporation	1.0
Brady Corporation Cl. A	1.0

TOP FIVE SECTORS	% OF NET ASSETS (SUBJECT TO CHANGE)
Industrials	25.4
Financials	22.5
Information Technology	14.4
Consumer Discretionary	9.7
Health Care	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-jul-31-2025-302544143.html

SOURCE Royce Value Trust, Inc.

FAQ

What is the current NAV of Royce Small-Cap Trust (RVT) as of July 31, 2025?

As of July 31, 2025, Royce Small-Cap Trust's NAV was $17.06, while its market price was $15.18.

How has RVT performed over the past three years?

RVT has achieved a three-year average annual total return of 10.33% based on NAV and 7.12% based on market price.

What are the top sectors in RVT's portfolio?

The top sectors in RVT's portfolio are Industrials (25.4%), Financials (22.5%), and Information Technology (14.4%).

What is the size of RVT's assets and average market cap of its holdings?

RVT manages $2.04 billion in net assets with an average market cap of $3.2 billion for its portfolio holdings.

Who is RVT's largest portfolio holding as of July 31, 2025?

IES Holdings is the largest holding, representing 2.1% of the fund's net assets.