Royce Micro-Cap Trust (NYSE: RMT) as of Feb 28, 2026

Core Insights - Royce Micro-Cap Trust (NYSE: RMT) reported a net asset value (NAV) of $13.82 and a market price of $12.21 as of February 28, 2026, indicating a potential discount in market pricing compared to NAV [1] - The fund has shown strong performance with a one-year total return of 43.30% for NAV and 42.68% for market price, reflecting robust growth in micro-cap investments [1] Performance Metrics - Average annual total returns as of February 28, 2026: - One-Month: NAV 7.05%, Market 6.27% - Year to Date: NAV 17.22%, Market 17.07% - Three-Year: NAV 19.44%, Market 18.55% - Five-Year: NAV 9.28%, Market 9.74% - Ten-Year: NAV 14.90%, Market 15.56% [1] Trading and Investment Strategy - The fund has an average weekly trading volume of approximately 742,172 shares, indicating active trading interest [2] - The fund's adviser boasts over 50 years of experience in small- and micro-cap investments, suggesting a strong expertise in this niche market [2] Portfolio Composition - Average market capitalization of the portfolio is $1,023.2 million, with a weighted average price-to-book (P/B) ratio of 2.2x [5] - The fund's net assets total $738.8 million, with a net leverage of 0.5% [5] - Top sectors by net assets include: - Industrials: 26.7% - Information Technology: 21.9% - Financials: 14.8% - Health Care: 11.4% - Consumer Discretionary: 10.5% [8] Recent Developments - Royce Micro-Cap Trust is a closed-end diversified investment company focused on long-term capital growth through investments in micro-cap companies, defined as those with market capitalizations of $1 billion or less [8]