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]