Royce Small-Cap Trust (NYSE: RVT) as of Aug 31, 2025
MWN-AI** Summary
As of August 31, 2025, Royce Small-Cap Trust (NYSE: RVT) continues to position itself as a prominent player in the small-cap investment landscape, being the oldest and largest closed-end fund in this category. The fund specializes in securities of small-cap and micro-cap companies, with Advisor Royce & Associates boasting over 50 years of investment experience in this sector.
The fund's performance metrics reveal noteworthy trends. The Net Asset Value (NAV) stood at $17.98, while the market price was $16.06. Year-to-date, the NAV saw a 10.17% increase, significantly outperforming the market price's 5.81%. Over one year, the NAV's return was 11.28%, while the market price rose by 12.63%. The fund has demonstrated resilience and substantial long-term annual total returns, registering 14.23% over three years and 11.76% over five years.
With net assets of approximately $2.15 billion, RVT's portfolio holds an average market capitalization of $3.357 billion and a weighted average Price-to-Earnings (P/E) ratio of 18.6x. The fund’s diversification is evident in its top ten positions, which include holdings in IES Holdings, Impinj, and SEI Investments, among others. The industrials and financials sectors dominate the portfolio, representing 25.0% and 21.6%, respectively.
Investors should be cognizant of the inherent risks associated with small-cap investments, including volatility and market fluctuations. However, RVT’s performance history and diversified strategy may appeal to those seeking long-term capital growth in a challenging market environment. For ongoing updates, investors can monitor daily NAVs and access more information via the fund's website.
MWN-AI** Analysis
As of August 31, 2025, Royce Small-Cap Trust (NYSE: RVT) continues to be a compelling investment option for those seeking exposure to small- and micro-cap equities. The trust's performance demonstrates its strong value proposition with a year-to-date net asset value (NAV) total return of 10.17% and a one-year return of 11.28%. However, it is essential for potential investors to consider the nuances of this particular fund.
The current market price of RVT stands at $16.06, which represents a discount of approximately 10.63% from its NAV of $17.98. This discount could present an attractive entry point for investors, particularly given RVT's historical performance and the expertise of its advisors, who bring over 50 years of experience in this investment niche. The fund's portfolio is well-diversified, with an average market cap of $3.36 billion and a weighted average price-to-earnings (P/E) ratio of 18.6x, which indicates a reasonably attractive valuation relative to growth prospects.
Sector exposure is also noteworthy, with significant allocations in Industrials (25%) and Financials (21.6%), which are critical sectors for growth in a recovering economy. These allocations signal a calculated risk towards sectors expected to benefit from economic expansion. Investors should be aware, however, of the inherent risks associated with small-cap investing, including volatility and the potential for greater losses in downturns.
Overall, RVT appears well-positioned to capitalize on opportunities within the small-cap space. Those considering an investment should weigh the potential rewards against the risks, especially in a market environment that could encounter headwinds. Long-term investors may find RVT to be a suitable addition to their portfolio, particularly for those seeking growth through diversified small-cap exposure.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
NEW YORK , Sept. 25, 2025 /PRNewswire/ --
- Oldest and largest small-cap closed-end fund
- Average weekly trading volume of approximately 1,542,518 shares
- Fund's adviser has more than 50 years of small- and micro-cap investment experience
CLOSING PRICES AS OF 08/31/25 | |
NAV | 17.98 |
MKT | 16.06 |
AVERAGE ANNUAL TOTAL RETURN AS OF 08/31/25 | NAV (%) | MKT (%) |
One-Month* | 5.39 | 5.80 |
Year to Date* | 10.17 | 5.81 |
One-Year | 11.28 | 12.63 |
Three-Year | 14.23 | 10.66 |
Five-Year | 11.76 | 12.50 |
10-Year | 11.18 | 11.82 |
*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 Cap 1 | $3357.0M |
Weighted Average P/E 2 | 18.6x |
Weighted Average P/B 2 | 2.2x |
Net Assets | $2.15B |
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 (14% of portfolio holdings as of 08/31/25). 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 | 2.0 |
Assured Guaranty | 1.3 |
Impinj | 1.1 |
APi Group | 1.1 |
SEI Investments | 1.1 |
E-L Financial | 1.1 |
Brady Corporation Cl. A | 1.0 |
Arcosa | 1.0 |
International General Insurance Holdings | 1.0 |
Dorman Products | 1.0 |
TOP FIVE SECTORS | % OF NET ASSETS (SUBJECT TO CHANGE) |
Industrials | 25.0 |
Financials | 21.6 |
Information Technology | 13.5 |
Consumer Discretionary | 10.4 |
Health Care | 9.0 |
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.
SOURCE Royce Value Trust, Inc.
FAQ**
How does the performance of Royce Value Trust Inc. RVT compare to its benchmark index for small-cap companies as of August 32025, particularly over the one-year and three-year periods?
What factors contributed to the current net asset value (NAV) of $17.98 for Royce Value Trust Inc. RVT, and how do the weighted average P/E and P/B ratios reflect its valuation versus peers in the small-cap market?
Given the top sectors represented in the portfolio, including Industrials and Financials, how does Royce Value Trust Inc. RVT plan to navigate potential market fluctuations and economic challenges in these sectors moving forward?
Considering the active management style of Royce Value Trust Inc. RVT, what strategies does the fund's adviser intend to employ to capitalize on opportunities within small- and micro-cap segments in the current market environment?
**MWN-AI FAQ is based on asking OpenAI questions about Royce Value Trust Inc. (NYSE: RVT).
NASDAQ: RVT
RVT Trading
-2.24% G/L:
$16.4241 Last:
96,899 Volume:
$16.86 Open:
