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 international equities [8][2] - As of November 30, 2025, the Fund's net asset value (NAV) is $15.07, while the market price (MKT) is $12.65, indicating a potential discount for investors [1] - The Fund has shown strong performance with a year-to-date return of 20.08% for NAV and 17.98% for MKT, reflecting a robust investment strategy [1] Performance Metrics - The average annual total return for the Fund as of November 30, 2025, includes a one-month return of 1.96% for NAV and -1.17% for MKT, indicating volatility in market pricing [1] - Over the past three years, the NAV has returned 14.38% annually, while the MKT has returned 12.63%, showcasing the Fund's ability to outperform market prices over a longer period [1] Portfolio Composition - The average market capitalization of the Fund's holdings is $3.312 billion, with a weighted average P/E ratio of 26.1x and a P/B ratio of 3.1x, suggesting a focus on growth-oriented companies [3][5] - The top ten positions in the portfolio account for significant portions of net assets, with the largest being Tel Aviv Stock Exchange at 5.3% [7] - The Fund's sector allocation is heavily weighted towards Financials (29.9%) and Industrials (26.5%), indicating a strategic focus on these sectors [7] Investment Strategy - The Fund typically invests at least 80% of its net assets in equity securities and at least 65% in companies located in multiple countries outside the U.S., reflecting a global investment approach [8] - The investment strategy is managed by Royce & Associates, LP, which has over 50 years of experience in small- and micro-cap investments [6]

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].

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 [3][7]. Performance Summary - As of September 30, 2025, the Net Asset Value (NAV) is $15.03, while the market price is $12.95 [1]. - The average annual total return for the Fund is as follows: - One-Month: NAV 1.35%, MKT 1.69% - Year to Date: NAV 19.76%, MKT 20.78% - One-Year: NAV 16.93%, MKT 16.56% - Three-Year: NAV 20.40%, MKT 20.24% - Five-Year: NAV 9.18%, MKT 8.55% - Ten-Year: NAV 10.20%, MKT 10.77% [1]. Portfolio Diagnostics - The average market capitalization of the portfolio is $3.2345 billion [4]. - The weighted average Price-to-Earnings (P/E) ratio is 25.5x, and the weighted average Price-to-Book (P/B) ratio is 3.2x [4][6]. - The Fund's net assets total $97.9 million [4]. Top Holdings and Sector Allocation - The top ten positions in the portfolio and their respective percentages of net assets are: - Tel Aviv Stock Exchange: 4.5% - Sprott: 3.9% - Alamos Gold Cl. A: 3.3% - Protector Forsikring: 3.2% - Stadio Holdings: 2.3% - APi Group: 2.2% - Littelfuse: 1.9% - EVI Industries: 1.9% - TMX Group: 1.9% - Phoenix Financial: 1.9% [8]. - The top five sectors by percentage of net assets are: - Financials: 30.3% - Industrials: 26.2% - Information Technology: 12.0% - Materials: 11.2% - Cash and Cash Equivalents: 5.7% [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].