Core Insights - The article discusses the performance metrics and investment strategies of Royce Global Trust, a closed-end fund that focuses on global equities using a disciplined value approach [4]. Performance Metrics - The fund employs a Geometric Average to assess portfolio holdings, which aims to provide a more accurate measure of average market cap by considering each holding's market cap without skewing the results [1]. - A Harmonic Average is also utilized, evaluating the portfolio as a single stock and comparing its total market value to the earnings of its underlying stocks [2]. - The Price-Earnings (P/E) ratio is calculated by dividing the company's share price by its trailing 12-month earnings-per-share (EPS), excluding companies with zero or negative earnings, which accounted for 9% of portfolio holdings as of January 31, 2026 [3]. Portfolio Composition - Royce Global Trust has an average weekly trading volume of approximately 190,192 shares, indicating a level of liquidity in the fund [4]. - The fund's adviser boasts over 50 years of experience in small- and micro-cap investments, suggesting a strong expertise in this niche market [4].

Core Insights - Royce Micro-Cap Trust, Inc. aims for long-term capital growth by investing primarily in equity securities of companies with a market capitalization of $1 billion or less [5] Performance Summary - As of January 31, 2026, the Net Asset Value (NAV) is $12.91, while the market price (MKT) is $11.49 [1] - The average annual total return for the one-year period is 25.47% for NAV and 26.00% for MKT [1] - Over a five-year period, the average annual total return is 9.87% for NAV and 10.58% for MKT [1] - The ten-year average annual total return stands at 14.12% for NAV and 14.97% for MKT [1] Portfolio Diagnostics - The average market capitalization of the portfolio is $930.3 million [2] - The weighted average Price-to-Book (P/B) ratio is 2.1x [2] - The net assets of the fund total $690.1 million, with a net leverage of 0.3% [2] Top Holdings and Sector Allocation - The top ten positions as a percentage of net assets include 5N Plus (1.5%), Ichor Holdings (1.4%), and Ultra Clean Holdings (1.4%) [4] - The top five sectors by percentage of net assets are Industrials (27.0%), Information Technology (22.1%), and Financials (15.1%) [4]

Core Insights - The Royce Micro-Cap Trust, Inc. aims for long-term capital growth by investing primarily in equity securities of companies with market capitalizations of $1 billion or less [10] Performance Summary - As of August 31, 2025, the Net Asset Value (NAV) is $11.54, while the market price (MKT) is $10.17 [1] - The average annual total return for the Fund as of August 31, 2025, is as follows: - One-Month: NAV 7.25%, MKT 7.39% - Year to Date: NAV 9.64%, MKT 8.81% - One-Year: NAV 12.74%, MKT 12.85% - Three-Year: NAV 13.82%, MKT 13.45% - Five-Year: NAV 12.70%, MKT 13.69% - Ten-Year: NAV 11.35%, MKT 11.81% [1] Portfolio Diagnostics - The average market capitalization of the portfolio is $795.9 million [4] - The weighted average Price-to-Book (P/B) ratio is 1.9x [5] - The net assets of the Fund total $606.9 million, with a net leverage of 1.4% [4] Portfolio Composition - The top ten positions in the portfolio, each representing 1.2% of net assets, include: - CECO Environmental - Montrose Environmental Group - nLIGHT - NWPX Infrastructure - NPK International [6][8] - The top five sectors by percentage of net assets are: - Industrials: 27.8% - Information Technology: 20.1% - Financials: 17.1% - Health Care: 10.7% - Consumer Discretionary: 9.9% [9] Trading and Management - The average weekly trading volume of the Fund is approximately 580,845 shares [7] - The Fund's adviser has over 50 years of experience in small- and micro-cap investments [7]

Core Viewpoint - Royce Micro-Cap Trust, Inc. focuses on long-term capital growth by investing primarily in micro-cap companies with market capitalizations of $1 billion or less, aiming to provide investors with a diversified portfolio and potential for significant returns [8][12]. Performance Summary - As of August 31, 2025, the Net Asset Value (NAV) is $11.54, while the market price is $10.17 [1]. - The average annual total return for the fund as of August 31, 2025, is as follows: - One-Month: NAV 7.25%, MKT 7.39% - Year to Date: NAV 9.64%, MKT 8.81% - One-Year: NAV 12.74%, MKT 12.85% - Three-Year: NAV 13.82%, MKT 13.45% - Five-Year: NAV 12.70%, MKT 13.69% - Ten-Year: NAV 11.35%, MKT 11.81% [1]. Portfolio Diagnostics - The average market capitalization of the portfolio is $795.9 million [4]. - The weighted average Price-to-Book (P/B) ratio is 1.9x [4]. - The net assets of the fund total $606.9 million, with a net leverage of 1.4% [4]. Portfolio Composition - The top ten positions in the portfolio, each representing approximately 1.2% of net assets, include: - CECO Environmental - Montrose Environmental Group - nLIGHT - NWPX Infrastructure - NPK International - Lindblad Expeditions Holdings - EVI Industries - Bel Fuse Cl. B - IES Holdings - Magnite [6][8]. - The top five sectors by percentage of net assets are: - Industrials: 27.8% - Information Technology: 20.1% - Financials: 17.1% - Health Care: 10.7% - Consumer Discretionary: 9.9% [8]. Trading Information - The average weekly trading volume is approximately 580,845 shares [7]. - The fund's adviser has over 50 years of experience in small- and micro-cap investments [7][13].

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]