Royce Micro-Cap Trust (NYSE: RMT) as of May 31, 2025
Royce Micro-Cap Trust (NYSE: RMT) reported its performance metrics as of May 31, 2025. The fund showed a one-month return of 7.57% (NAV) and 6.97% (market price), though year-to-date returns were negative at -7.37% and -8.27% respectively. The fund's net assets stand at $518.4M with a net leverage of 0.7%.
The portfolio is diversified across sectors, with Industrials (27.0%), Information Technology (19.7%), and Financials (17.4%) being the top three sectors. The fund's investment strategy focuses on companies with market capitalizations under $1 billion, with an average market cap of $694.2M.
Royce Micro-Cap Trust (NYSE: RMT) ha riportato i suoi dati di performance al 31 maggio 2025. Il fondo ha registrato un rendimento a un mese del 7,57% (NAV) e del 6,97% (prezzo di mercato), mentre i rendimenti da inizio anno sono stati negativi, rispettivamente -7,37% e -8,27%. Il patrimonio netto del fondo ammonta a 518,4 milioni di dollari con una leva netta dello 0,7%.
Il portafoglio è diversificato tra i settori, con Industria (27,0%), Tecnologia dell'informazione (19,7%) e Finanza (17,4%) come i primi tre settori principali. La strategia di investimento del fondo si concentra su società con capitalizzazione di mercato inferiore a 1 miliardo di dollari, con una capitalizzazione media di 694,2 milioni di dollari.
Royce Micro-Cap Trust (NYSE: RMT) informó sus métricas de rendimiento al 31 de mayo de 2025. El fondo mostró un retorno de un mes del 7,57% (NAV) y del 6,97% (precio de mercado), aunque los retornos acumulados en el año fueron negativos, con -7,37% y -8,27% respectivamente. Los activos netos del fondo ascienden a 518,4 millones de dólares con un apalancamiento neto del 0,7%.
La cartera está diversificada entre sectores, siendo los tres principales Industriales (27,0%), Tecnología de la Información (19,7%) y Finanzas (17,4%). La estrategia de inversión del fondo se centra en empresas con capitalizaciones de mercado inferiores a 1.000 millones de dólares, con una capitalización promedio de 694,2 millones de dólares.
Royce Micro-Cap Trust (NYSE: RMT)는 2025년 5월 31일 기준 성과 지표를 보고했습니다. 펀드는 1개월 수익률이 7.57% (순자산가치 기준) 및 6.97% (시장 가격 기준)를 기록했으나, 연초 이후 수익률은 각각 -7.37%와 -8.27%로 부진했습니다. 펀드의 순자산은 5억 1,840만 달러이며 순레버리지는 0.7%입니다.
포트폴리오는 산업(27.0%), 정보기술(19.7%), 금융(17.4%) 등 다양한 섹터에 분산되어 있습니다. 펀드의 투자 전략은 시가총액 10억 달러 미만 기업에 집중하며, 평균 시가총액은 6억 9,420만 달러입니다.
Royce Micro-Cap Trust (NYSE : RMT) a communiqué ses indicateurs de performance au 31 mai 2025. Le fonds a affiché un rendement sur un mois de 7,57 % (valeur liquidative) et de 6,97 % (prix de marché), bien que les rendements depuis le début de l'année soient négatifs à -7,37 % et -8,27 % respectivement. Les actifs nets du fonds s'élèvent à 518,4 millions de dollars avec un effet de levier net de 0,7 %.
Le portefeuille est diversifié entre les secteurs, avec Industrie (27,0 %), Technologie de l'information (19,7 %) et Finance (17,4 %) comme les trois principaux secteurs. La stratégie d'investissement du fonds se concentre sur les entreprises dont la capitalisation boursière est inférieure à 1 milliard de dollars, avec une capitalisation moyenne de 694,2 millions de dollars.
Royce Micro-Cap Trust (NYSE: RMT) meldete seine Leistungskennzahlen zum 31. Mai 2025. Der Fonds erzielte eine Einmonatsrendite von 7,57% (NAV) und 6,97% (Marktpreis), wobei die Jahresrenditen mit -7,37% bzw. -8,27% negativ ausfielen. Das Nettovermögen des Fonds beträgt 518,4 Mio. USD bei einer Nettoverschuldung von 0,7%.
Das Portfolio ist über verschiedene Branchen diversifiziert, wobei Industrie (27,0%), Informationstechnologie (19,7%) und Finanzen (17,4%) die drei größten Sektoren darstellen. Die Anlagestrategie des Fonds konzentriert sich auf Unternehmen mit einer Marktkapitalisierung unter 1 Milliarde USD, mit einer durchschnittlichen Marktkapitalisierung von 694,2 Mio. USD.
- Strong five-year performance with 12.71% NAV return and 13.53% market return
- Positive one-month performance of 7.57% NAV and 6.97% market return
- Well-diversified portfolio across sectors with low concentration risk (top holding only 1.5%)
- Low net leverage of 0.7% indicating conservative financial management
- Negative year-to-date performance of -7.37% NAV and -8.27% market price
- One-year negative returns of -2.96% NAV and -1.98% market price
- Trading at a discount to NAV (market price $8.75 vs NAV $9.95)
- Average weekly trading volume of approximately 688,216 shares
- Fund's adviser has more than 50 years of small- and micro-cap investment experience
CLOSING PRICES AS OF 05/31/25 | |
NAV | 9.95 |
MKT | 8.75 |
AVERAGE ANNUAL TOTAL RETURN AS OF 05/31/25 | NAV (%) | MKT (%) |
One-Month* | 7.57 | 6.97 |
Year to Date* | -7.37 | -8.27 |
One-Year | -2.96 | -1.98 |
Three-Year | 6.90 | 6.76 |
Five-Year | 12.71 | 13.53 |
10-Year | 8.50 | 8.60 |
*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 normally invests in 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.
PORTFOLIO DIAGNOSTICS | |
Average Market Cap1 | |
Weighted Average P/B2 | 1.7x |
Net Assets | |
Net Leverage | 0.7 % |
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-to-Book, or P/B, Ratio is calculated by dividing a company's share price by its book value per share.
Net leverage is the percentage, in excess of 100 %, of the total value of equity type investments, divided by net assets.
Portfolio Composition
TOP 10 POSITIONS | % OF NET ASSETS (SUBJECT TO |
Universal Technical Institute | 1.5 |
nLIGHT | 1.2 |
Sandstorm Gold | 1.2 |
Lindsay Corporation | 1.2 |
Sprott | 1.2 |
Graham Corporation | 1.2 |
Limbach Holdings | 1.2 |
American Superconductor | 1.2 |
Argan | 1.1 |
PAR Technology | 1.1 |
TOP FIVE SECTORS | % OF NET ASSETS (SUBJECT TO |
Industrials | 27.0 |
Information Technology | 19.7 |
Financials | 17.4 |
Health Care | 11.2 |
Consumer Discretionary | 9.4 |
Recent Developments
Royce Micro-Cap Trust, Inc. is a closed-end diversified investment company whose shares of Common Stock (RMT) are listed and traded on the New York Stock Exchange. The Fund's investment goal is long-term capital growth, which it seeks by investing primarily in equity securities of companies that, at the time of investment, have market capitalization of
Daily net asset values (NAVs) for Royce Micro-Cap Trust, Inc. are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XOTCX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.royceinvest.com
An investor in Royce Micro-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 Micro-Cap Trust
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