Royce Micro-Cap Trust: Insights into Investment Performance
Overview of Royce Micro-Cap Trust
Royce Micro-Cap Trust, Inc., proudly listed on the New York Stock Exchange under the ticker symbol RMT, is a diversified closed-end investment company. The trust's primary investment objective is to achieve long-term capital growth by focusing on equity securities from companies whose market capitalizations are typically under $1 billion.
Current Performance Highlights
As of the close of trading on July 31, the Royce Micro-Cap Trust reported an average weekly trading volume of approximately 660,208 shares. This indicates robust investor interest and dynamic market participation.
Closing Prices Report
The net asset value (NAV) for RMT stands at $10.76, while the market price is $9.47. These figures are essential for investors to evaluate how the fund is performing relative to its NAV.
Annual Returns
Investors are keenly interested in annual returns. As of the reported date, the fund shows varied performance based on different time frames:
- One-Month NAV: 1.89%
- Year-To-Date NAV: 2.23%
- One-Year NAV: 4.46%
- Three-Year NAV: 10.51%
- Five-Year NAV: 12.47%
Key Performance Metrics
It is crucial for potential investors to grasp the underlying performance and expense details associated with the Royce Micro-Cap Trust:
- Average Market Capitalization: $740.7 million
- Weighted Average Price-to-Book (P/B) Ratio: 1.8x
- Total Net Assets: $565.8 million
- Net Leverage: 2.3%
These metrics provide insight into the trust's investment strategy and risk profile.
Portfolio Composition and Sector Analysis
Royce Micro-Cap Trust strategically invests across various sectors to fortify its portfolio. The top ten positions include:
- CECO Environmental - 1.4%
- American Superconductor - 1.3%
- Bel Fuse - 1.3%
- Graham Corporation - 1.3%
- Argan - 1.1%
- IES Holdings - 1.1%
- Universal Technical Institute - 1.1%
- NPK International - 1.1%
- Richardson Electronics - 1.1%
- Sprott - 1.1%
The diversification across these sectors is designed to manage risk while striving for capital growth.
Top Five Sectors by Investment
Royce Micro-Cap Trust is active in multiple sectors, with the top five being:
- Industrials - 29.0%
- Information Technology - 20.7%
- Financials - 17.3%
- Health Care - 9.9%
- Consumer Discretionary - 9.7%
This sector allocation reflects the fund's proactive approach to capitalize on current market trends and growth opportunities.
Recent Developments
The Royce Micro-Cap Trust's investments not only reflect its strategic vision but also embody a thorough analysis targeting smaller companies with significant growth potential. This is vital for investors who prioritize capital appreciation.
For those interested, daily NAVs for Royce Micro-Cap Trust can be retrieved through online brokerage platforms under its ticker, RMT. For comprehensive information, potential investors are encouraged to explore Royce's official website or reach out to their customer service at (800) 221-4268.
Important Disclosure Information
Investors need to be aware that closed-end funds may trade at a discount to their NAV. Investment in these funds carries market risks associated with the underlying portfolio securities. It’s prudent for investors to assess the trust's investment objectives, risks, fees, and expenses before making decisions.
Frequently Asked Questions
What is the primary investment goal of the Royce Micro-Cap Trust?
The primary goal is long-term capital growth through investments in micro-cap companies.
How has RMT performed recently?
As of July 31, RMT has a NAV of $10.76 and a market price of $9.47.
What are some of RMT's top holdings?
Some top holdings include CECO Environmental, American Superconductor, and Bel Fuse.
What sectors does RMT focus on?
RMT primarily invests in sectors such as Industrials, Information Technology, and Financials.
Is there a risk when investing in RMT?
Yes, as with any investment, especially in micro-cap stocks, there are inherent risks including market fluctuations.
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