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 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 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].

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 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]