Royce Small-Cap Trust (NYSE: RVT) as of Sep 30, 2025
Royce Small-Cap Trust (NYSE: RVT) results as of 09/30/2025: NAV $17.86, Market Price $16.13, and Net Assets $2.15B. The fund reported multi‑period returns with a One-Year NAV +12.03%, Three-Year NAV +18.90%, and Five-Year NAV +12.70%. Portfolio diagnostics show an Average Market Cap $3,383.5M, weighted P/E 18.7x (excludes 14% of holdings with zero/negative earnings), and weighted P/B 2.3x. Average weekly trading volume is ~974,286 shares. The fund emphasizes small- and micro-cap equity exposure and notes that market price may trade at a discount to NAV and that small‑cap and foreign holdings involve higher risk.
Royce Small-Cap Trust (NYSE: RVT) risultati al 09/30/2025: NAV $17.86, Prezzo di mercato $16.13, e Attivi netti $2,15 miliardi. Il fondo ha riportato rendimenti multi‑periodo con un NAV a un anno +12,03%, NAV a tre anni +18,90%, e NAV a cinque anni +12,70%. Le diagnostiche del portafoglio mostrano una Capitalizzazione media di mercato $3,383.5M, ponderato P/E 18,7x (esclude il 14% delle partecipazioni con utili pari a zero o negativi), e ponderato P/B 2,3x. Il volume medio settimanale di negoziazione è circa 974.286 azioni. Il fondo enfatizza l'esposizione a azioni di piccola e micro-cap e nota che il prezzo di mercato può scambiare con uno sconto rispetto al NAV e che le partecipazioni in small‑cap e all'estero comportano rischi superiori.
Royce Small-Cap Trust (NYSE: RVT) resultados al 09/30/2025: NAV $17.86, Precio de mercado $16.13, y Activos netos $2.15B. El fondo reportó rendimientos multi‑periodo con un NAV a un año +12.03%, NAV a tres años +18.90%, y NAV a cinco años +12.70%. Los diagnósticos de la cartera muestran una Capitalización de mercado promedio $3,383.5M, ponderado P/E 18.7x (excluye el 14% de las participaciones con ganancias nulas o negativas), y ponderado P/B 2.3x. El volumen medio semanal de negociación es aproximadamente 974,286 acciones. El fondo enfatiza la exposición a acciones de pequeña y micro-cap y señala que el precio de mercado puede operar con descuento respecto al NAV y que las participaciones en small-cap y en el extranjero conllevan un mayor riesgo.
Royce Small-Cap Trust (NYSE: RVT)는 2025-09-30 기준 결과: NAV $17.86, 시장가 $16.13, 및 순자산 $2.15B를 보고했습니다. 펀드는 1년 NAV +12.03%, 3년 NAV +18.90%, 5년 NAV +12.70%의 다기간 수익률을 보고했습니다. 포트폴리오 진단은 평균 시가총액 $3,383.5M, 가중 P/E 18.7x (수익이 0 또는 음수인 보유분 14% 제외), 가중 P/B 2.3x를 보여줍니다. 평균 주간 거래량은 약 974,286주입니다. 이 펀드는 소형 및 마이크로캡 주식 노출을 강조하며, 시장가가 NAV 대비 할인으로 거래될 수 있고 소형주 및 해외 보유가 더 큰 위험을 수반한다는 점을 언급합니다.
Royce Small-Cap Trust (NYSE: RVT) résultats au 30/09/2025: NAV 17,86 $, Cours de marché 16,13 $, et Actifs nets 2,15 milliards $. Le fonds a déclaré des rendements sur plusieurs périodes avec un NAV sur un an +12,03%, un NAV sur trois ans +18,90%, et un NAV sur cinq ans +12,70%. Les diagnostics de portefeuille montrent une capitalisation boursière moyenne de 3 383,5 M$, un P/E pondéré 18,7x ( excluant 14% des placements avec bénéfices nuls ou négatifs), et un P/B pondéré 2,3x. Le volume moyen hebdomadaire des échanges est d’environ 974 286 actions. Le fonds met l’accent sur l’exposition aux actions de petite et micro-cap et note que le cours peut se négocier à déstockage par rapport au NAV et que les positions en small‑cap et à l’étranger comportent des risques plus élevés.
Royce Small-Cap Trust (NYSE: RVT) Ergebnisse zum 30.09.2025: NAV $17.86, Marktpreis $16.13, und Nettovermögen $2.15B. Der Fonds verzeichnete Multi‑Perioden‑Renditen mit einem NAV in einem Jahr +12.03%, NAV in drei Jahren +18.90% und NAV in fünf Jahren +12.70%. Portfolio-Diagnosen zeigen eine durchschnittliche Marktkapitalisierung $3,383.5M, gewichtetem KGV 18.7x (einschließlich 14% der Bestände mit Null- bzw. Negativgewinnen ausgeschlossen), und gewichtetem K/B 2.3x. Das durchschnittliche wöchentliche Handelsvolumen beträgt ca. 974,286 Aktien. Der Fonds betont Small- und Micro-Cap-Aktienexposure und weist darauf hin, dass der Marktpreis gegenüber dem NAV unter Umständen mit einem Abschlag gehandelt wird und dass Small-Cap- und ausländische Beteiligungen mit höheren Risiken verbunden sind.
Royce Small-Cap Trust (NYSE: RVT) النتائج حتى 30/09/2025: صافي قيمة أصل 17.86 دولار، سعر السوق 16.13 دولار، و الأصول الصافية 2.15 مليار دولار. أظهر الصندوق عوائد متعددة الفترات مع NAV لعام واحد +12.03%، NAV لثلاث سنوات +18.90%، و NAV لخمس سنوات +12.70%. تُظهر تشخيصات المحفظة متوسط قيمة رأس المال السوقي 3,383.5 مليون دولار، و حجم السعر/الأرباح 18.7x الموزونة (مع استبعاد 14% من الحيازات التي تحقق أرباحاً صفرية أو سلبية)، و P/B 2.3x الموزونة. متوسط حجم التداول الأسبوعي حوالي 974,286 سهماً. يؤكد الصندوق التركيز على تعرض أسهم الشركات الصغيرة والشركات الصغيرة جدًا ويشير إلى أن سعر السوق قد يتداول بخصم إلى NAV وأن الحيازات في الشركات الصغيرة وشركات أجنبية تحمل مخاطر أعلى.
Royce Small-Cap Trust (NYSE: RVT) 截至 2025/09/30 的结果：NAV $17.86，市场价格 $16.13，以及 净资产 $2.15B。基金报告了多期回报，一年 NAV +12.03%，三年 NAV +18.90%，五年 NAV +12.70%。投资组合诊断显示 平均市值 $3,383.5M，加权 P/E 18.7x（排除 14% 的无盈利或为负的持仓），以及加权 P/B 2.3x。平均每周交易量约为 974,286 股。基金强调对小盘和微盘股票的暴露，并指出市场价格可能相对于 NAV 以折价交易，以及小盘和海外持股存在更高风险。
- Net assets of $2.15B
- One‑Year NAV return +12.03% as of 09/30/2025
- Three‑Year NAV return +18.90% as of 09/30/2025
- Average weekly trading volume ~974,286 shares
- Average market cap (geometric) $3,383.5M
- Market price discount to NAV (NAV $17.86 vs MKT $16.13 as of 09/30/2025)
- 14% of holdings excluded from P/E due to zero/negative earnings
- Small/micro‑cap focus entails higher volatility and risk
- Oldest and largest small-cap closed-end fund
- Average weekly trading volume of approximately 974,286 shares
- Fund's adviser has more than 50 years of small- and micro-cap investment experience
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CLOSING PRICES AS OF 09/30/25 |
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NAV |
17.86 |
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MKT |
16.13 |
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AVERAGE ANNUAL TOTAL RETURN AS OF 09/30/25 |
NAV (%) |
MKT (%) |
|
One-Month* |
1.10 |
2.22 |
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Year to Date* |
11.38 |
8.17 |
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One-Year |
12.03 |
12.01 |
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Three-Year |
18.90 |
17.90 |
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Five-Year |
12.70 |
14.14 |
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10-Year |
11.84 |
12.55 |
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*Not Annualized |
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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
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PORTFOLIO DIAGNOSTICS |
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Average Market Cap1 |
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Weighted Average P/E2 |
18.7x |
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Weighted Average P/B2 |
2.3x |
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Net Assets |
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1 Geometric 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.
2 Harmonic 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 (
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
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TOP 10 POSITIONS |
% OF NET ASSETS (SUBJECT TO |
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IES Holdings |
2.3 |
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Assured Guaranty |
1.4 |
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E-L Financial |
1.1 |
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APi Group |
1.1 |
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SEI Investments |
1.0 |
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Brady Corporation Cl. A |
1.0 |
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International General Insurance Holdings |
1.0 |
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Arcosa |
1.0 |
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Dorman Products |
1.0 |
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Alamos Gold Cl. A |
0.9 |
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TOP FIVE SECTORS |
% OF NET ASSETS (SUBJECT TO |
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Industrials |
25.1 |
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Financials |
21.0 |
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Information Technology |
13.8 |
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Consumer Discretionary |
10.7 |
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Health Care |
9.2 |
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
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.
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SOURCE Royce Small Cap Trust
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