Royce Small-Cap Trust (NYSE: RVT) as of Jan 31, 2026

Core Viewpoint - Royce Small-Cap Trust (NYSE: RVT) aims for long-term capital growth by primarily investing in small- and micro-cap companies, with a diversified portfolio and a significant focus on equity securities [1] Performance Summary - As of January 31, 2026, the Net Asset Value (NAV) is $18.82, while the market price is $17.37 - Average annual total returns are as follows: - One-Month: NAV 6.39%, Market 7.89% - One-Year: NAV 18.73%, Market 16.85% - Three-Year: NAV 14.63%, Market 15.30% - Five-Year: NAV 9.00%, Market 10.12% - Ten-Year: NAV 13.18%, Market 14.47% [1] Portfolio Diagnostics - Average Market Capitalization: $3,498.7 million - Weighted Average Price-to-Earnings (P/E) Ratio: 20.0x - Weighted Average Price-to-Book (P/B) Ratio: 22.4x - Total Net Assets: $2.30 billion - The P/E ratio excludes companies with zero or negative earnings, which account for 14% of portfolio holdings as of January 31, 2026 [1] Portfolio Composition - Top 10 Positions as a percentage of net assets: - IES Holdings: 2.0% - Assured Guaranty: 1.3% - APi Group: 1.2% - ESAB Corporation: 1.1% - Arcosa: 1.1% - Brady Corporation Cl. A: 1.1% - SEI Investments: 1.0% - Quaker Houghton: 1.0% - Powell Industries: 1.0% - International General Insurance Holdings: 1.0% [1] - Top Five Sectors as a percentage of net assets: - Industrials: 26.2% - Financials: 19.7% - Information Technology: 14.3% - Health Care: 9.3% - Consumer Discretionary: 9.3% [1] Recent Developments - Royce Small-Cap Trust is a closed-end diversified management investment company, with shares traded on the New York Stock Exchange - The fund's investment strategy focuses on small- and micro-cap companies, with at least 65% of its assets allocated to equity securities [1]