- Oldest and largest small-cap closed-end fund
- Average weekly trading volume of approximately 341,000 shares
- Fund''s adviser has more than 35 years of small- and micro-cap investment experience
Royce Value Trust (NYSE: RVT):
| Closing Prices – July 31, 2010 | |||
| Â | |||
| NAV | Â | $ | 13.51 |
| MKT | $ | 11.28 | |
| Total Return Performance | Â | Â | ||
Periods ended July 31, 2010 | NAV | MKT | ||
| Â | ||||
| Month* | 8.25% | 6.72% | ||
| Year to Date* | 4.97 | 4.54 | ||
| One-Year | 23.27 | 22.76 | ||
| Three-Year Average Annual | -6.22 | -10.14 | ||
| Five-Year Average Annual | 1.40 | -3.28 | ||
| 10-Year Average Annual | 7.07 | 6.99 | ||
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| *Not Annualized | ||||
| Â | ||||
| Portfolio Diagnostics | ||||
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| Wtd. Average Geometric Mkt. Cap: | $1154 million | |||
| Wtd. Average P/E Ratio: | 16.1* | |||
| Wtd. Average P/B Ratio: | 1.8x | |||
| Net Assets Applicable to Common Stock: | $1112 million | |||
| Net Leverage: | 16 % |
*The Fund''s P/E ratio calculation excludes companies with zero or negative earnings.
Net leverage is the percentage, in excess of 100%, of the total value of equity type investments, divided by net assets, applicable to common stock.
| Portfolio Composition | Â | |
| Â | ||
| Top 10 Positions | % of Net Assets | |
| 1. Sotheby''s | 1.0% | |
| 2. Alleghany Corp. | 1.0 | |
| 3. Ash Grove Cement Cl. B | 1.0 | |
| 4. SEACOR Holdings | 0.9 | |
| 5. Sapient Corp. | 0.9 | |
| 6. Coherent | 0.9 | |
| 7. AllianceBernstein Holding L.P. | 0.9 | |
| 8. Oil States International | 0.9 | |
| 9. HEICO Corp. | 0.8 | |
| 10. Woodward Governor | 0.8 | |
| Â | ||
| Top Five Industries | % of Net Assets | |
| 1. Industrial Products | 24% | |
| 2. Technology | 21 | |
| 3. Industrial Services | 15 | |
| 4. Financial Services | 12 | |
| 5. Financial Intermediaries | 12 |
Recent Developments
Royce Value Trust is a closed-end diversified management investment company whose shares of Common (RVT) and 5.90% Cumulative Preferred Stock (RVTprb) are listed and traded on the New York Stock Exchange. Its primary investment goal is long-term capital growth, which it seeks by investing at least 75% of its assets in equity securities primarily of small- and micro-cap companies.
Daily net asset values (NAVs) for Royce Value Trust are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XRVTX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.roycefunds.com.
Contacts:
Royce Value Trust
John D. Diederich, 212-355-7311