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

Q: How has Royce Small-Cap Trust (NYSE: RVT) performed over 1, 5, and 10 years as of July 31, 2026?

As of July 31, 2026, RVT’s NAV total returns were 31.81% for one year, 9.11% for five years, and 12.45% for ten years. According to Royce Small-Cap Trust, corresponding market-price returns were 29.90%, 8.92%, and 12.64%, all on an average annual basis.

Q: What are the main sectors in Royce Small-Cap Trust (RVT) as of July 31, 2026?

As of July 31, 2026, the largest sectors in RVT were Industrials (27.2%), Financials (20.0%), Information Technology (14.3%), Consumer Discretionary (10.7%), and Health Care (8.8%). According to Royce Small-Cap Trust, these percentages are based on net assets and may change.

Q: What is the investment objective and strategy of Royce Small-Cap Trust (RVT)?

Royce Small-Cap Trust’s primary objective is long-term capital growth. According to Royce Small-Cap Trust, it seeks this by investing at least 65% of its assets in equity securities, primarily of small- and micro-cap companies, using a diversified portfolio of smaller-cap businesses across multiple sectors.

Q: What risks does Royce Small-Cap Trust (NYSE: RVT) highlight for investors?

RVT highlights that investing in small-cap and micro-cap companies can involve considerably more risk than larger caps. According to Royce Small-Cap Trust, foreign holdings may face political, economic, currency, and other risks, and closed-end fund shares can trade at discounts to NAV and fluctuate in value.

Q: What are the key portfolio diagnostics for Royce Small-Cap Trust (RVT) as of July 31, 2026?

As of July 31, 2026, RVT reported net assets of $2.56 billion, a geometric average market cap of $3,833.2 million, weighted average P/E of 19.3x, and P/B of 2.6x. According to Royce Small-Cap Trust, these metrics summarize valuation and size characteristics of its portfolio.

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Rhea-AI Summary

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.

Positive

1-year NAV total return 31.81% as of 07/31/26
Year-to-date NAV total return 20.83% through 07/31/26 (not annualized)
10-year market-price annualized return 12.64% as of 07/31/26
Net assets $2.56 billion under management as of 07/31/26

Negative

1-month NAV total return -2.73% in July 2026 (not annualized)
Market price discount: $18.09 share price vs $20.63 NAV as of 07/31/26
Exposure to small-cap, micro-cap, and foreign securities involves higher volatility and additional political, economic, and currency risks

AI-generated analysis. How Rhea-AI works. Not financial advice.

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08/25/2026 - 02:11 PM

Oldest and largest small-cap closed-end fund
Average weekly trading volume of approximately 1,813,842 shares
Fund's adviser has more than 50 years of small- and micro-cap investment experience

NEW YORK, Aug. 25, 2026 /PRNewswire/ --

CLOSING PRICES AS OF 07/31/26
NAV	20.63
MKT	18.09

AVERAGE ANNUAL TOTAL RETURN AS OF 07/31/26	NAV (%)	MKT (%)
One-Month*	-2.73	-2.06
Year to Date*	20.83	16.42
One-Year	31.81	29.90
Three-Year	17.43	17.36
Five-Year	9.11	8.92
10-Year	12.45	12.64

*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	$3833.2M
Weighted Average P/E²	19.3x
Weighted Average P/B²	2.6x
Net Assets	$2.56B

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 07/31/26). 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	3.6
Assured Guaranty	1.2
Quaker Houghton	1.1
SEI Investments	1.1
APi Group	1.0
International General Insurance Holdings	1.0
Arcosa	0.9
Dorman Products	0.9
Interparfums	0.9
JBT Marel	0.9

TOP FIVE SECTORS	% OF NET ASSETS (SUBJECT TO CHANGE)
Industrials	27.2
Financials	20.0
Information Technology	14.3
Consumer Discretionary	10.7
Health Care	8.8

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-31-2026-302859703.html

SOURCE Royce Small Cap Trust

FAQ

What were Royce Small-Cap Trust (RVT) NAV and market prices as of July 31, 2026?

As of July 31, 2026, Royce Small-Cap Trust reported a NAV of $20.63 and a market price of $18.09 per share. According to Royce Small-Cap Trust, this means the shares were trading at a discount to their underlying net asset value on that date.

How has Royce Small-Cap Trust (NYSE: RVT) performed over 1, 5, and 10 years as of July 31, 2026?

As of July 31, 2026, RVT’s NAV total returns were 31.81% for one year, 9.11% for five years, and 12.45% for ten years. According to Royce Small-Cap Trust, corresponding market-price returns were 29.90%, 8.92%, and 12.64%, all on an average annual basis.

What are the main sectors in Royce Small-Cap Trust (RVT) as of July 31, 2026?

As of July 31, 2026, the largest sectors in RVT were Industrials (27.2%), Financials (20.0%), Information Technology (14.3%), Consumer Discretionary (10.7%), and Health Care (8.8%). According to Royce Small-Cap Trust, these percentages are based on net assets and may change.

What is the investment objective and strategy of Royce Small-Cap Trust (RVT)?

Royce Small-Cap Trust’s primary objective is long-term capital growth. According to Royce Small-Cap Trust, it seeks this by investing at least 65% of its assets in equity securities, primarily of small- and micro-cap companies, using a diversified portfolio of smaller-cap businesses across multiple sectors.

What risks does Royce Small-Cap Trust (NYSE: RVT) highlight for investors?

RVT highlights that investing in small-cap and micro-cap companies can involve considerably more risk than larger caps. According to Royce Small-Cap Trust, foreign holdings may face political, economic, currency, and other risks, and closed-end fund shares can trade at discounts to NAV and fluctuate in value.

What are the key portfolio diagnostics for Royce Small-Cap Trust (RVT) as of July 31, 2026?

As of July 31, 2026, RVT reported net assets of $2.56 billion, a geometric average market cap of $3,833.2 million, weighted average P/E of 19.3x, and P/B of 2.6x. According to Royce Small-Cap Trust, these metrics summarize valuation and size characteristics of its portfolio.

Where can investors find daily NAV and data for Royce Small-Cap Trust (RVT)?

Daily NAVs for RVT are available on the company’s website and most ticker lookup services under symbol XRVTX. According to Royce Small-Cap Trust, investors can also call (800) 221-4268 or visit www.royceinvest.com for up-to-date performance and fund information.