Royce Micro-Cap Trust (NYSE: RMT) as of Aug 31, 2025

Core Viewpoint - Royce Micro-Cap Trust, Inc. focuses on long-term capital growth by investing primarily in micro-cap companies with market capitalizations of $1 billion or less, aiming to provide investors with a diversified portfolio and potential for significant returns [8][12]. Performance Summary - As of August 31, 2025, the Net Asset Value (NAV) is $11.54, while the market price is $10.17 [1]. - The average annual total return for the fund as of August 31, 2025, is as follows: - One-Month: NAV 7.25%, MKT 7.39% - Year to Date: NAV 9.64%, MKT 8.81% - One-Year: NAV 12.74%, MKT 12.85% - Three-Year: NAV 13.82%, MKT 13.45% - Five-Year: NAV 12.70%, MKT 13.69% - Ten-Year: NAV 11.35%, MKT 11.81% [1]. Portfolio Diagnostics - The average market capitalization of the portfolio is $795.9 million [4]. - The weighted average Price-to-Book (P/B) ratio is 1.9x [4]. - The net assets of the fund total $606.9 million, with a net leverage of 1.4% [4]. Portfolio Composition - The top ten positions in the portfolio, each representing approximately 1.2% of net assets, include: - CECO Environmental - Montrose Environmental Group - nLIGHT - NWPX Infrastructure - NPK International - Lindblad Expeditions Holdings - EVI Industries - Bel Fuse Cl. B - IES Holdings - Magnite [6][8]. - The top five sectors by percentage of net assets are: - Industrials: 27.8% - Information Technology: 20.1% - Financials: 17.1% - Health Care: 10.7% - Consumer Discretionary: 9.9% [8]. Trading Information - The average weekly trading volume is approximately 580,845 shares [7]. - The fund's adviser has over 50 years of experience in small- and micro-cap investments [7][13].