Core Insights - The Royce Small-Cap Trust aims for long-term capital growth by investing at least 65% of its assets in small-cap and micro-cap equity securities [9] Performance Summary - As of August 31, 2025, the Fund's NAV was $17.98 and the market price was $16.06 [1] - Average annual total returns as of August 31, 2025: - One-Month: NAV 5.39%, MKT 5.80% - Year to Date: NAV 10.17%, MKT 5.81% - One-Year: NAV 11.28%, MKT 12.63% - Three-Year: NAV 14.23%, MKT 10.66% - Five-Year: NAV 11.76%, MKT 12.50% - Ten-Year: NAV 11.18%, MKT 11.82% [2] Portfolio Composition - The Fund has a net asset value of $2.15 billion and an average market capitalization of $3.357 billion [4] - The weighted average P/E ratio is 18.6x and the weighted average P/B ratio is 2.2x [4] - Top five sectors by net assets: - Industrials: 25.0% - Financials: 21.6% - Information Technology: 13.5% - Consumer Discretionary: 10.4% - Health Care: 9.0% [8] Investment Strategy - The Fund primarily invests in small-cap and micro-cap companies, which may involve higher risks compared to larger-cap companies [3] - The Fund's adviser has over 50 years of experience in small- and micro-cap investments [7]

Core Insights - The Royce Global Trust aims for long-term capital growth by investing primarily in small-cap and mid-cap companies, with a focus on global equities using a disciplined value approach [7][8]. Performance Metrics - As of August 31, 2025, the Net Asset Value (NAV) is $14.83, and the market price is $12.74 [1]. - The average annual total return for the Fund is as follows: - One-Month: NAV 4.88%, MKT 5.12% - Year to Date: NAV 18.17%, MKT 18.78% - One-Year: NAV 15.63%, MKT 14.08% - Three-Year: NAV 15.80%, MKT 14.68% - Five-Year: NAV 8.51%, MKT 6.96% - Ten-Year: NAV 9.64%, MKT 9.95% [1]. Portfolio Composition - The average market capitalization of the portfolio is $3,124.4 million, with a weighted average Price-to-Earnings (P/E) ratio of 25.1x and a weighted average Price-to-Book (P/B) ratio of 3.1x [4]. - The top ten positions account for the following percentages of net assets: - Tel Aviv Stock Exchange: 4.6% - Protector Forsikring: 3.2% - Sprott: 3.1% - Alamos Gold Cl. A: 3.0% - APi Group: 2.3% - Stadio Holdings: 2.0% - TMX Group: 2.0% - SEI Investments: 1.9% - Quaker Houghton: 1.9% - Karnov Group: 1.9% [8]. - The top five sectors by percentage of net assets are: - Financials: 29.4% - Industrials: 27.2% - Information Technology: 11.3% - Materials: 10.8% - Cash and Cash Equivalents: 6.2% [8]. Investment Strategy - The Fund typically invests 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].

Core Insights - The Royce Global Trust aims for long-term capital growth, primarily investing in small-cap and mid-cap companies, with a focus on international equity securities [9][3]. Performance Summary - As of July 31, 2025, the Net Asset Value (NAV) is $14.14, while the market price is $12.12 [1]. - The average annual total return for the Fund shows a one-month return of -0.63% (NAV) and 0.71% (MKT), year-to-date return of 12.67% (NAV) and 12.99% (MKT), and a one-year return of 11.42% (NAV) and 8.02% (MKT) [1]. Portfolio Diagnostics - The average market capitalization of the portfolio is approximately $3.008 billion [4]. - The weighted average Price-to-Earnings (P/E) ratio is 25.8x, and the weighted average Price-to-Book (P/B) ratio is 3.0x [4][6]. - The Fund's net assets total $92.2 million [4]. Portfolio Composition - The top ten positions account for the following percentages of net assets: Tel Aviv Stock Exchange (3.9%), Protector Forsikring (3.4%), Sprott (3.3%), APi Group (2.5%), Alamos Gold Cl. A (2.5%), TMX Group (2.1%), SEI Investments (2.0%), Stadio Holdings (1.9%), ESAB Corporation (1.9%), and Karnov Group (1.9%) [7][8]. - The top five sectors by percentage of net assets are Financials (29.5%), Industrials (28.3%), Information Technology (11.8%), Materials (10.2%), and Cash and Cash Equivalents (5.4%) [8]. Investment Strategy - The Fund typically invests at least 80% of its net assets in equity securities and at least 65% in companies located in at least three countries outside the U.S. [9].

Core Insights - The Royce Small-Cap Trust aims for long-term capital growth by investing at least 65% of its assets in equity securities of small- and micro-cap companies [8] Performance Summary - As of July 31, 2025, the Net Asset Value (NAV) is $17.06, while the market price is $15.18 [1] - The average annual total return for the NAV over the past five years is 11.24%, and for the market, it is 11.98% [1] - Year-to-date return for NAV is 4.53%, compared to a mere 0.02% for the market [1] Portfolio Diagnostics - The average market capitalization of the portfolio is $3.2075 billion [3] - The weighted average Price-to-Earnings (P/E) ratio is 18.5x, and the weighted average Price-to-Book (P/B) ratio is 2.1x [3] - The total net assets of the fund amount to $2.04 billion [3] Portfolio Composition - The top ten positions account for a significant portion of net assets, with IES Holdings at 2.1% and Assured Guaranty at 1.4% [7] - The largest sectors by net assets include Industrials (25.4%), Financials (22.5%), and Information Technology (14.4%) [7] Recent Developments - Royce Small-Cap Trust is a closed-end diversified management investment company listed on the New York Stock Exchange under the symbol RVT [8] - The fund has an average weekly trading volume of approximately 1,343,647 shares [6]

Core Insights - The Royce Small-Cap Trust is a closed-end diversified management investment company focused on long-term capital growth by investing primarily in small-cap and micro-cap companies [10][8] - As of June 30, 2025, the Fund's net asset value (NAV) is $16.74, while the market price (MKT) is $15.05, indicating a potential discount for investors [1] - The Fund's average annual total return for the one-year period is 10.37% for NAV and 13.43% for MKT, showing strong performance relative to the market [1] Performance Metrics - The Fund's average annual total return as of June 30, 2025, includes: - One-Month: NAV 4.56%, MKT 3.31% - Year to Date: NAV 2.57%, MKT -0.84% - Three-Year: NAV 13.54%, MKT 11.33% - Five-Year: NAV 12.18%, MKT 12.78% - Ten-Year: NAV 9.46%, MKT 9.82% [1] - The Fund's net assets total $2.00 billion, with an average market capitalization of $3.06 billion [4] Portfolio Composition - The top ten positions in the Fund account for the following percentages of net assets: - IES Holdings: 1.8% - Assured Guaranty: 1.5% - SEI Investments: 1.4% - Other notable positions include PAR Technology, E-L Financial, and APi Group, each contributing between 1.0% and 1.3% [7][9] - The Fund's sector allocation is as follows: - Industrials: 24.4% - Financials: 23.3% - Information Technology: 14.5% - Health Care: 9.9% - Consumer Discretionary: 9.6% [10] Investment Strategy - The Fund aims to invest at least 65% of its assets in equity securities of small- and micro-cap companies, which may involve higher risks compared to larger-cap investments [10][3] - The Fund's investment adviser has over 50 years of experience in small- and micro-cap investments, indicating a strong expertise in this niche market [8]