- Royce Value Trust is a well-managed closed-end fund with a portfolio that is overweight information technology and underweight financials and commodities.
- It briefly traded at a premium from 2005-2007, but it has traded at a consistent double digit discount for over a decade. Nonetheless, there are no asset quality problems.
- Moreover, long-term performance has been solid. RVT has delivered consistently better returns than the Russell 2000 index, with less volatility and smaller drawdowns.
- RVT is a good fit for an income portfolio. It currently has a 5.7% distribution.
For further details see:
RVT: Solid Performance, Strong Management