Insights into Royce Small-Cap Trust Performance and Strategy
Understanding Royce Small-Cap Trust
Royce Small-Cap Trust (NYSE: RVT) stands out as a notable closed-end fund within the spectrum of small-cap investments. Renowned for being one of the oldest and most established in this category, the fund attracts investors interested in capitalizing on the growth potential associated with smaller companies.
Performance Overview
As of the latest reports, Royce Small-Cap Trust has shown an impressive average weekly trading volume, reflecting a robust interest and participation among investors. Notably, the fund's adviser has accumulated over five decades of expertise in managing small- and micro-cap portfolios, providing a strong foundation for its investment strategies.
Current Net Asset Value
As of the latest report, the Net Asset Value (NAV) stands at $16.33, while the market price is $14.86. This discrepancy between the NAV and market price can indicate potential investment opportunities for discerning investors.
Annual Total Return
Performance metrics reveal a mixed bag in returns over various periods. For instance, the one-month return stood at 6.80% (NAV) and 6.52% (Market), while year-to-date figures show -1.91% (NAV) and -4.01% (Market). Over one-year, the performance fared better with 3.93% for NAV and 8.59% for market prices. These figures serve as a testament to the fund's volatility, a characteristic often associated with small-cap investments.
Investment Focus and Strategy
This closed-end fund's key investment strategy focuses on equities primarily within the small- and micro-cap domains. Its portfolio comprises diverse assets, aiming for long-term capital appreciation. The fund typically allocates at least 65% of its assets to these equities, illustrating a commitment to small-cap growth potential.
Portfolio Diagnostics
The portfolio diagnostics display an average market capitalization of approximately $2.96 billion. With a weighted average P/E ratio of 17.6x and a weighted average P/B ratio of 2.0x, the fund's portfolio reflects a balanced approach towards equity evaluation while maintaining diversification.
Top Holdings and Sector Allocation
The top positions within the fund highlight a strategic allocation towards diverse industries. For instance, IES Holdings and Assured Guaranty represent notable portions of the fund, making up 1.7% and 1.5% of net assets, respectively. Moreover, the leading sectors include Industrials and Financials, which collectively account for 47.3% of the portfolio, demonstrating a strategic tilt toward sectors likely to drive future growth.
Recent Developments
Royce Small-Cap Trust continues to evolve as a robust investment vehicle, committed to its goal of long-term capital growth. Investors seeking exposure to the small-cap market can find daily NAV updates on their website and through various financial platforms where they track market fluctuations.
For personalized support, investors can reach out to The Royce Funds for inquiries, enhancing the service experience of managing one’s portfolio effectively.
Frequently Asked Questions
What is the investment focus of Royce Small-Cap Trust?
The fund primarily concentrates on small- and micro-cap equity securities, aiming for long-term capital growth.
How can I access daily NAV updates for the fund?
Daily NAV updates are available on the Royce website and through various financial news platforms.
What are the recent performance trends for the fund?
The fund exhibits variable returns with a recent one-month performance of 6.80% for NAV, indicating some volatility characteristic of small-cap investments.
What sectors does Royce Small-Cap Trust invest in?
Top sectors include Industrials and Financials, which represent significant portions of the fund’s net assets.
How does the fund compare in terms of market cap?
The average market capitalization of the fund is estimated at $2.96 billion, indicative of its small- and micro-cap investment strategy.
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