Royce Value Trust (NYSE: RVT) as of Feb 29, 2024

PR Newswire
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NEW YORK, March 28, 2024 /PRNewswire/ --

  • Oldest and largest small-cap closed-end fund

  • Average weekly trading volume of approximately 1,165,925 shares

  • Fund's adviser has more than 50 years of small- and micro-cap investment experience

CLOSING PRICES AS OF 02/29/24


NAV

16.70

MKT

14.68

 

AVERAGE ANNUAL TOTAL RETURN AS OF 02/29/24

NAV (%)

MKT (%)

One-Month*

4.51

2.23

Year to Date*

1.71

0.82

One-Year

14.60

11.09

Three-Year

2.11

2.19

Five-Year

9.77

9.46

10-Year

8.34

8.36

*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 Cap1

$2988.1M

Weighted Average P/E2

16.0x

Weighted Average P/B2

2.1x

Net Assets

$1.90B

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-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 (20% of portfolio holdings as of 02/29/24). The Price-to-Book, or P/B, Ratio is calculated by dividing a company's share price by its book value per share.

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