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Managed Fund Since
Overview
Fund Facts
Fund description
The first small-cap closed-end fund, managed since its inception in 1986 by the same portfolio manager—a recognized pioneer of small-cap investing. Core approach that combines multiple investment themes and offers wide exposure to small-cap stocks (generally market caps up to $3 billion) by investing in companies with high returns on invested capital or those with strong fundamentals and/or prospects trading at what Royce believes are attractive valuations.
- Fund Inception Date
- 05/04/2007
- Total Net Assets
As of 11/30/2025 (Updated Monthly) - $2.20 Billion
- Dividend Frequency, if any
- Quarterly
- Morningstar Category
5 - Small Blend
- Asset Class
- Equity
Identifiers
- Ticker
- RVT
- NAV Symbol
- XRVTX
- CUSIP Code
- 780910105
Average Annual Total Returns As of 11/30/2025
- 6.40%1 Year
- 11.62%3 Years
- 10.01%5 Years
- 11.87%10 Years
- 9.95%Since Inception
11/26/1986
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Asset Allocation
As of 09/30/2025 % of Total (Updated Quarterly)
U.S. Investments83.32% | |
Non-U.S. Investments16.68% |
Additional Fund Info
- Listing Exchange
- NYSE - XNYS
- Fiscal Year End
- December 31
- Benchmark
- Russell 2000 Index
- Lipper Classification
- N/A
- Investment Style
- Small Cap
Trading Characteristics
- Shares Outstanding
- 122,363,809
- Daily Volume
- 308,496
Manager
About the Team
Royce Investment
Royce Investment Partners specializes in small-cap investing, managing both U.S. and international portfolios for individual investors, financial advisors, and institutions. The firm is generally regarded as a pioneer in small-cap investing. Focusing on this distinctive asset class for more than 45 years has given Royce an unparalleled domain knowledge of the small-company investment universe.
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Managed Fund Since
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Managed Fund Since
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Managed Fund Since
Latest Insights
January 8, 2026
January 8, 2026
January 6, 2026
October 14, 2025
Performance
Average Annual Total Returns
As of 11/30/2025
Selected Month November 2025
Royce Small-Cap Trust - Market Price (%)
Month End
As of 11/30/2025
Royce Small-Cap Trust - NAV (%)
Month End
As of 11/30/2025
Russell 2000 Index (%)
Month End
As of 11/30/2025
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Returns based on Market Price or NAV, and assume the reinvestment of all distributions at the Dividend Reinvestment Plan Price or NAV, respectively. Returns include the deduction of management fees, operating expenses and all other fund expenses, and do not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares. Returns for periods of less than one year are not annualized.
Portfolio
Asset Allocation
As of 09/30/2025 % of Total (Updated Quarterly)
| Holdings | Fund |
|---|---|
U.S. Investments | 83.32% |
Non-U.S. Investments | 16.68% |
Holdings
As of 09/30/2025 (Updated Quarterly)
Fixed Income Clearing Corporation
IES Holdings
Assured Guaranty Ltd
E-L Financial
API Group Corp.
SEI Investments Co
Brady Corporation Cl. A
International General Insurance Holdings
Arcosa
Dorman Products
Portfolio holdings are based on total portfolio, and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security. Any negative allocations or allocations in excess of 100% are primarily due to unsettled trade activities.
Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Fund performance.
Distributions & Tax
Federal ID Number 13-3356097
For information on tax years prior to 2008, please contact us2025 tax information will be available in early February
These amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Data not currently available.
Pricing
Pricing History
As of 01/09/2026 (Updated Daily)
Daily Fund Prices
As of 01/09/2026
Share Prices
As of 01/09/2026
52-Week Range
- Highest NAV
- $18.73
- Lowest NAV
- $13.68
- Highest Market Price
- $16.87
- Lowest Market Price
- $12.50
Premium / Discount
As of 01/09/2026
- Avg. of Market Price vs. NAV at Close
- -9.67%
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Royce Value Trust | |||
| Closed-End Funds Product Guide |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Prospectus - Non-Transferable Rights - Royce Value Trust |
Risks
The Fund invests primarily in securities of small-cap and micro-cap companies, which may involve considerably more risk than investing in larger-cap companies. The Fund’s broadly diversified portfolio does not ensure a profit or guarantee against loss. From time to time, the Fund may invest a significant portion of its net assets in foreign securities, which may involve political, economic, currency, and other risks not encountered in U.S. investments. Distributions are not guaranteed and are subject to change.
Important Information
Royce Global Trust, Royce Micro-Cap Trust, and Royce Small-Cap Trust are closed-end funds whose shares trade on the NYSE. Royce Fund Services, LLC does not serve as a distributor or as an underwriter to or of these Royce closed-end funds.
The Closed-End Funds are not sold or distributed by Franklin Distributors, LLC. (FD, LLC) or any Franklin Templeton affiliated companies. Unlike open-end funds, shares are not continually offered. Like other public companies, closed-end funds have a one-time initial public offering, and once their shares are first issued, are generally bought and sold through non-affiliated broker/dealers and trade on nationally recognized stock exchanges. Share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than your original investment. Shares of exchange-traded closed-end funds may trade at a discount or premium to their original offering price, and often trade at a discount to their net asset value. Investment return, market price and net asset value will fluctuate with changes in market conditions. The Funds are subject to investment risks, including the possible loss of principal invested.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe.
Source: FTSE.
All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.