CLOSING PRICES AS OF 01/31/26NAV18.82MKT17.37AVERAGE ANNUAL TOTAL RETURN AS OF 01/31/26NAV (%)MKT (%)One-Month*6.397.89One-Year18.7316.85Three-Year14.6315.30Five-Year9.0010.1210-Year13.1814.47*Not AnnualizedAll performance information reflects past performance, is presented on a total return basis, net of the Fund's investment advisory fee, and reflects the reinvestment of distributions. Past performance is no guarantee of future results. Current performance may be higher or lower than performance quoted. R ...

Royce Small-Cap Trust (NYSE: RVT) as of Jan 31, 2026 [Accessibility Statement] Skip Navigation- Fund's adviser has more than 50 years of small- and micro-cap investment experience- Average weekly trading volume of approximately 2,313,377 shares- Oldest and largest small-cap closed-end fundNEW YORK, Feb. 27, 2026 /PRNewswire/ --CLOSING PRICES AS OF 01/31/26NAV18.82MKT17.37AVERAGE ANNUAL TOTAL RETURN AS OF 01/31/26NAV (%)MKT (%)One-Month*6.397.89One-Year18.7316.85Three-Year14.6315.30Five-Year9.0010.1210-Year1 ...

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 December 31, 2025, the Net Asset Value (NAV) was $17.69, while the market price (MKT) was $16.10 [1] - The average annual total return for the Fund as of December 31, 2025, was as follows: - One-Month: NAV 0.30%, MKT 2.41% - One-Year: NAV 14.03%, MKT 11.60% - Three-Year: NAV 16.03%, MKT 16.14% - Five-Year: NAV 8.10%, MKT 9.04% - Ten-Year: NAV 11.75%, MKT 12.29% [1] Portfolio Diagnostics - The average market capitalization of the portfolio is $3,334.9 million [3] - The weighted average Price-to-Earnings (P/E) ratio is 19.1x, and the weighted average Price-to-Book (P/B) ratio is 2.2x [3] - The total net assets of the Fund amount to $2.16 billion [3] Portfolio Composition - The top ten positions in the portfolio and their respective percentages of net assets are: - IES Holdings: 2.2% - Assured Guaranty: 1.4% - APi Group: 1.2% - Arcosa: 1.1% - ESAB Corporation: 1.1% - Sprott: 1.0% - Brady Corporation Cl. A: 1.0% - International General Insurance Holdings: 1.0% - E-L Financial: 1.0% - SEI Investments: 1.0% [7] - The top five sectors by percentage of net assets are: - Industrials: 25.6% - Financials: 20.8% - Information Technology: 14.1% - Health Care: 9.8% - Consumer Discretionary: 9.5% [7] Recent Developments - Royce Small-Cap Trust is the oldest and largest small-cap closed-end fund, with an average weekly trading volume of approximately 1,494,105 shares [6]

Core Insights - The Royce Small-Cap Trust aims for long-term capital growth by investing at least 65% of its assets in small- and micro-cap equity securities [9] Performance Summary - As of December 31, 2025, the Net Asset Value (NAV) was $17.69, while the market price was $16.10 [1] - The average annual total return for the Fund as of December 31, 2025, was 14.03% for one year, 16.03% for three years, and 11.75% for ten years [1] Portfolio Diagnostics - The average market capitalization of the portfolio is $3.3349 billion [3] - The weighted average Price-to-Earnings (P/E) ratio is 19.1x, and the weighted average Price-to-Book (P/B) ratio is 2.2x [3][5] - The total net assets of the Fund amount to $2.16 billion [3] Portfolio Composition - The top five sectors by percentage of net assets are Industrials (25.6%), Financials (20.8%), Information Technology (14.1%), Health Care (9.8%), and Consumer Discretionary (9.5%) [8] - The top ten positions in the portfolio include IES Holdings (2.2%), Assured Guaranty (1.4%), and APi Group (1.2%) [8] Fund Characteristics - The Royce Small-Cap Trust is the oldest and largest small-cap closed-end fund with an average weekly trading volume of approximately 1,494,105 shares [7] - The Fund's adviser has over 50 years of experience in small- and micro-cap investments [7]

Core Viewpoint - The Royce Global Trust aims for long-term capital growth by investing primarily in small-cap and mid-cap equity securities, with a significant portion allocated to international markets [11]. Performance Summary - As of December 31, 2025, the Net Asset Value (NAV) was $15.24, while the market price was $13.11 [1]. - The average annual total return for the Fund was as follows: - One-Month: NAV 2.62%, MKT 5.16% - One-Year: NAV 23.22%, MKT 24.07% - Three-Year: NAV 16.96%, MKT 17.71% - Five-Year: NAV 6.31%, MKT 5.51% - Ten-Year: NAV 10.05%, MKT 10.24% [1]. Portfolio Diagnostics - The average market capitalization of the portfolio is $3,351.6 million [4]. - The weighted average Price-to-Earnings (P/E) ratio is 26.6x, and the weighted average Price-to-Book (P/B) ratio is 3.2x [4][6]. - The Fund's net assets total $100 million [4]. Portfolio Composition - The top ten positions account for the following percentages of net assets: - Tel Aviv Stock Exchange: 5.2% - Sprott: 4.5% - Alamos Gold Cl. A: 3.6% - Protector Forsikring: 3.3% - Stadio Holdings: 3.0% - APi Group: 2.4% - Phoenix Financial: 2.0% - Littelfuse: 1.9% - TMX Group: 1.8% - SEI Investments: 1.7% [10]. - The top five sectors by percentage of net assets are: - Financials: 30.0% - Industrials: 26.5% - Materials: 11.4% - Information Technology: 11.0% - Cash and Cash Equivalents: 6.6% [10]. 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. [11].

Core Insights - The Royce Global Trust aims for long-term capital growth by investing primarily in small-cap and mid-cap equity securities, with a focus on international markets [9][2]. Performance Summary - As of December 31, 2025, the Net Asset Value (NAV) was $15.24, while the market price was $13.11 [1]. - The average annual total return for the Fund as of December 31, 2025, was as follows: - One-Month: NAV 2.62%, MKT 5.16% - One-Year: NAV 23.22%, MKT 24.07% - Three-Year: NAV 16.96%, MKT 17.71% - Five-Year: NAV 6.31%, MKT 5.51% - Ten-Year: NAV 10.05%, MKT 10.24% [1]. Portfolio Diagnostics - The average market capitalization of the portfolio is $3,351.6 million [3]. - The weighted average Price-to-Earnings (P/E) ratio is 26.6x, and the weighted average Price-to-Book (P/B) ratio is 3.2x [3][5]. Portfolio Composition - The top ten positions in the portfolio and their respective percentages of net assets are: - Tel Aviv Stock Exchange: 5.2% - Sprott: 4.5% - Alamos Gold Cl. A: 3.6% - Protector Forsikring: 3.3% - Stadio Holdings: 3.0% - APi Group: 2.4% - Phoenix Financial: 2.0% - Littelfuse: 1.9% - TMX Group: 1.8% - SEI Investments: 1.7% [8]. - The top five sectors by percentage of net assets are: - Financials: 30.0% - Industrials: 26.5% - Materials: 11.4% - Information Technology: 11.0% - Cash and Cash Equivalents: 6.6% [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 Viewpoint - The Royce Small-Cap Trust aims for long-term capital growth by primarily investing in small-cap and micro-cap companies, with a diversified portfolio that includes a significant portion of foreign securities [10][3]. Performance Summary - As of November 30, 2025, the Net Asset Value (NAV) is $18.23, while the market price (MKT) is $16.25 [1]. - The average annual total return for the Fund as of November 30, 2025, is as follows: - One-Month NAV: 2.47%, MKT: 1.56% - Year to Date NAV: 13.69%, MKT: 8.97% - One-Year NAV: 5.66%, MKT: 6.40% - Three-Year NAV: 14.03%, MKT: 11.62% - Five-Year NAV: 9.66%, MKT: 10.01% - Ten-Year NAV: 11.15%, MKT: 11.87% [1]. Portfolio Diagnostics - The average market capitalization of the portfolio is $3,409.4 million [4]. - The weighted average Price-to-Earnings (P/E) ratio is 19.4x, and the weighted average Price-to-Book (P/B) ratio is 2.2x [4]. - The Fund's net assets total $2.20 billion [4]. Portfolio Composition - The top ten positions in the portfolio and their respective percentages of net assets are: - IES Holdings: 2.4% - Assured Guaranty: 1.4% - APi Group: 1.2% - Arcosa: 1.1% - E-L Financial: 1.1% - Brady Corporation Cl. A: 1.0% - SEI Investments: 1.0% - International General Insurance Holdings: 1.0% - Sprott: 1.0% - Seneca Foods Cl. A: 1.0% [7][9]. - The top five sectors by percentage of net assets are: - Industrials: 24.9% - Financials: 20.2% - Information Technology: 13.5% - Health Care: 10.4% - Consumer Discretionary: 9.5% [9]. Company Background - Royce Small-Cap Trust is the oldest and largest small-cap closed-end fund, with an average weekly trading volume of approximately 1,170,399 shares [8]. - The Fund's adviser has over 50 years of experience in small- and micro-cap investments [8].

Core Insights - The Royce Small-Cap Trust (NYSE: RVT) aims for long-term capital growth by investing primarily in small-cap and micro-cap companies, with at least 65% of its assets allocated to equity securities in this category [10][4]. Performance Summary - As of October 31, 2025, the Fund's net asset value (NAV) was $17.79, while the market price was $16.00 [1]. - The average annual total return for the Fund as of October 31, 2025, was as follows: - One-Month: NAV -0.39%, MKT -0.81% - Year to Date: NAV 10.95%, MKT 7.30% - One-Year: NAV 13.89%, MKT 15.14% - Three-Year: NAV 15.22%, MKT 13.51% - Five-Year: NAV 12.41%, MKT 13.88% - Ten-Year: NAV 11.12%, MKT 11.95% [2]. Portfolio Diagnostics - The Fund's average market capitalization is $3.3285 billion, with a weighted average price-to-earnings (P/E) ratio of 18.3x and a weighted average price-to-book (P/B) ratio of 2.2x [5]. - The total net assets of the Fund amount to $2.15 billion [5]. Portfolio Composition - The top ten positions in the Fund account for the following percentages of net assets: - IES Holdings: 2.3% - Assured Guaranty: 1.3% - APi Group: 1.1% - Arcosa: 1.1% - E-L Financial: 1.1% - SEI Investments: 1.0% - Brady Corporation Cl. A: 1.0% - Powell Industries: 1.0% - ESAB Corporation: 0.9% - Impinj: 0.9% [10]. - The top five sectors by percentage of net assets are: - Industrials: 25.7% - Financials: 20.2% - Information Technology: 13.7% - Consumer Discretionary: 9.9% - Health Care: 9.9% [10]. Additional Information - The Fund is recognized as the oldest and largest small-cap closed-end fund, with an average weekly trading volume of approximately 1,137,181 shares [9]. - The Fund's adviser has over 50 years of experience in small- and micro-cap investments [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 [10] Performance Summary - As of October 31, 2025, the Net Asset Value (NAV) is $17.79, while the market price (MKT) is $16.00 [1] - Year-to-date performance shows a NAV return of 10.95% and a market return of 7.30% [1] - One-year performance indicates a NAV return of 13.89% compared to a market return of 15.14% [1] - Over three years, the NAV return is 15.22% and the market return is 13.51% [1] - The five-year NAV return is 12.41%, while the market return is 13.88% [1] - The ten-year NAV return stands at 11.12%, with the market return at 11.95% [1] Portfolio Diagnostics - The average market capitalization of the portfolio is $3.3285 billion [4] - The weighted average Price-to-Earnings (P/E) ratio is 18.3x, and the weighted average Price-to-Book (P/B) ratio is 2.2x [4] - The total net assets of the fund amount to $2.15 billion [4] Portfolio Composition - The top ten positions account for varying percentages of net assets, with IES Holdings at 2.3% and Assured Guaranty at 1.3% [9] - The leading sectors by percentage of net assets include Industrials (25.7%), Financials (20.2%), and Information Technology (13.7%) [9] Fund Characteristics - The Royce Small-Cap Trust is noted as the oldest and largest small-cap closed-end fund, with an average weekly trading volume of approximately 1,137,181 shares [8] - The fund's adviser has over 50 years of experience in small- and micro-cap investments [8]

Core Insights - Royce Small-Cap Trust, a closed-end diversified management investment company, aims for long-term capital growth by investing primarily in small-cap and micro-cap companies [10][14]. Performance Summary - As of September 30, 2025, the Net Asset Value (NAV) is $17.86, while the market price is $16.13 [1]. - The average annual total return for the Fund as of September 30, 2025, is as follows: - One-Month: NAV 1.10%, MKT 2.22% - Year to Date: NAV 11.38%, MKT 8.17% - One-Year: NAV 12.03%, MKT 12.01% - Three-Year: NAV 18.90%, MKT 17.90% - Five-Year: NAV 12.70%, MKT 14.14% - Ten-Year: NAV 11.84%, MKT 12.55% [2]. Portfolio Diagnostics - The Fund's average market capitalization is $3.3835 billion, with a weighted average Price-to-Earnings (P/E) ratio of 18.7x and a weighted average Price-to-Book (P/B) ratio of 2.3x [5]. - The total net assets of the Fund amount to $2.15 billion [5]. Portfolio Composition - The top ten positions in the portfolio and their respective percentages of net assets include: - IES Holdings: 2.3% - Assured Guaranty: 1.4% - E-L Financial: 1.1% - APi Group: 1.1% - SEI Investments: 1.0% - Brady Corporation Cl. A: 1.0% - International General Insurance Holdings: 1.0% - Arcosa: 1.0% - Dorman Products: 1.0% - Alamos Gold Cl. A: 0.9% [10]. - The top five sectors by percentage of net assets are: - Industrials: 25.1% - Financials: 21.0% - Information Technology: 13.8% - Consumer Discretionary: 10.7% - Health Care: 9.2% [10]. Additional Information - The Fund's adviser has over 50 years of experience in small- and micro-cap investments [9]. - Daily NAVs for Royce Small-Cap Trust are accessible on their website and through various financial services [11].