Royce Small - Cap Trust (NYSE Code: RVT) As of August 31, 2026
- The oldest and largest closed-end fund for small-cap stocks
- Average weekly trading volume is approximately 914,300 shares.
- Fund advisors have over 50 years of experience in investing in small-cap and micro-cap stocks.
New York, September 30, 2026 / PRNewswire / --
*Not annualized
Important Performance and Expense Information
All performance information reflects past performance and is presented on a total return basis, after deducting the fees for fund investment advisors. Past performance does not guarantee future results. Current performance may be higher or lower than the data shown. Return data for the most recent month-end can be obtained at www.royceinvest.com. The market price of fund shares is subject to fluctuations, so when sold, their value may be higher or lower than the initial purchase cost.
This fund primarily invests in securities of small-cap and micro-cap companies, which may carry significantly higher risks than investments in large-cap companies. The fund adopts a broadly diversified investment portfolio strategy, but this does not guarantee profits nor does it ensure the avoidance of losses. From time to time, the fund may invest a considerable portion of its net assets in foreign securities, which could expose it to political, economic, exchange rate, and other risks that are not typically encountered in U.S. investments.
1 Geometric Mean: This weighted calculation method uses the market value of each position in the portfolio to avoid bias in the results caused by extremely large or small positions; instead, it attempts to better identify the central position of the portfolio. Royce believes that this method can measure the average market value more accurately compared to the simple mean or median.
2. Harmonized Average: This weighted calculation method treats the portfolio as a single stock and measures it as such. It compares the total market value of the portfolio with its share of the earnings of the underlying stocks that make up the portfolio.
The Price-Earnings Ratio (P/E) is calculated by dividing the company's stock price by its earnings per share over the past 12 months ( EPS ). The calculation of the P/E ratio for funds excludes companies with zero or negative earnings (as of August 31, 2026, these accounted for 13% of the portfolio holdings). The Price-to-Book Ratio (P/B) is calculated by dividing the company's stock price by its book value per share.
The price-to-book ratio (P/B) is calculated by dividing the company's stock price by its book value per share.
Portfolio Composition
Latest Progress
Royce Small - Cap Trust is a closed-end, diversified management investment company whose common stock (RVT) is listed and traded on the New York Stock Exchange. Its main investment objective is long-term capital appreciation, which is achieved by investing at least 65% of its assets in stocks and securities primarily consisting of small-cap and micro-cap companies.
The daily net value of Royce Small - Cap Trust ( NAV ) is now available for consultation on the company's website, and can also be viewed online through most stock code query services and brokerage terminals using the code XRVTX. For more information, please call The Royce Funds at (800) 221-4268, or visit the website: www.royceinvest.com.
Investors should carefully consider the investment objectives, risks, fees, and expenses of this fund before investing in Royce Small - Cap Trust.
Important Disclosure Information
Closed-end funds are registered investment companies, and their common shares may trade at a price lower than their net asset value. The price of the common shares of each fund is also affected by the market risks of the underlying investment portfolio held by the fund. Royce Fund Services, LLC (“RFS”) are members of FINRA and have submitted this material to FINRA on behalf of each fund. RFS does not act as a distributor or underwriter for these closed-end funds.
