Royce Global Trust (NYSE: RGT) as of Oct 31, 2025

Core Insights - The Royce Global Trust is a closed-end fund focused on investing in global equities with a disciplined value approach, aiming for long-term capital growth [7][11]. Performance Summary - As of October 31, 2025, the fund's net asset value (NAV) is $14.78, while the market price is $12.80 [1]. - The average annual total return for the fund is as follows: - One-Month: NAV -1.66%, MKT -1.16% - Year to Date: NAV 17.77%, MKT 19.38% - One-Year: NAV 16.55%, MKT 16.21% - Three-Year: NAV 16.63%, MKT 16.12% - Five-Year: NAV 9.22%, MKT 7.80% - Ten-Year: NAV 9.38%, MKT 9.85% [2]. Portfolio Composition - The fund primarily invests in small-cap and mid-cap companies, with an average market capitalization of $3.168 billion [4]. - The weighted average price-to-earnings (P/E) ratio is 24.9x, and the weighted average price-to-book (P/B) ratio is 3.1x [4][6]. - The top ten positions account for the following percentages of net assets: - Tel Aviv Stock Exchange: 4.6% - Sprott: 3.9% - Protector Forsikring: 3.0% - Alamos Gold Cl. A: 3.0% - Stadio Holdings: 2.5% - APi Group: 2.4% - Phoenix Financial: 1.9% - Littelfuse: 1.9% - TMX Group: 1.8% - Quaker Houghton: 1.8% [8]. - The top five sectors by percentage of net assets are: - Financials: 30.3% - Industrials: 26.9% - Information Technology: 11.7% - Materials: 10.5% - Cash and Cash Equivalents: 6.0% [8]. Investment Strategy - The fund aims to invest at least 80% of its net assets in equity securities and at least 65% in companies located in at least three countries outside the United States [8].