NEW YORK – October 29, 2026 -- Royce Small-Cap Trust (NYSE: RVT), described as the oldest and largest small-cap closed-end fund, traded an average of about 869,338 shares per week, according to its fund update as of Sept. 30, 2026.
The fund targets small and micro-cap companies
RVT is a closed-end diversified management investment company listed on the New York Stock Exchange. Its primary goal is long-term capital growth, pursued by investing at least 65% of its assets in equity securities, primarily of small- and micro-cap companies. The fund's adviser has more than 50 years of small- and micro-cap investment experience.
Thirteen percent of holdings have zero or negative earnings
The fund's price-earnings (P/E) ratio calculation excludes companies with zero or negative earnings. Those companies made up 13% of portfolio holdings as of Sept. 30, 2026. The P/E ratio divides a company's share price by its trailing 12-month earnings per share.
Closed-end shares can trade below net asset value
Shares of closed-end funds may trade at a discount to their net asset value. The fund states that investing in small- and micro-cap companies may involve considerably more risk than investing in larger-cap companies. It may also hold a significant portion of net assets in foreign securities, which carry political, economic and currency risks. A diversified portfolio does not ensure a profit or guarantee against loss.
Daily NAVs are published under the symbol XRVTX
Daily net asset values are available on the Royce website, through most ticker symbol lookup services and on broker terminals under XRVTX. The fund's performance figures are total return, net of the advisory fee and reflect reinvested distributions. Past performance is no guarantee of future results.