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RMT

Royce Micro-Cap Trust

Factsheet
View All
As of 11/26/2025

NAV 1

$11.79

$0.14 (1.20%)
 

Market Price 2

$10.30

$0.08 (0.78%)
 

YTD Total Return At NAV 3

13.95%

 
 

YTD Total Return At Market Price

13.95%

 
 

Premium / Discount 4

-12.64%

 

Distribution Rate at NAV

6.18%

 

Distribution Rate at Market Price

7.05%

 

See the risks and other important information.

Overview

Royce Investment Partners logo
  • Fund Description
  • Meet Your Manager

Fund Description

  • One of the only closed-end funds dedicated to investing in micro-cap stocks. Micro-cap stocks’ market caps are less than the largest stock in the Russell Microcap® Index
  • Core approach that combines multiple investment themes and offers wide exposure to micro-cap stocks by investing in companies with strong fundamentals and/or prospects selling at prices that Royce believes do not fully reflect these attributes

Meet Your Manager

Royce Investment Partners

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.

Fund Information
Asset Class 
Equity
Total Net Assets  As of 10/31/2025 (Updated Monthly)
$629.90 Million
Fund Inception Date 
05/04/2007
Fiscal Year End 
December 31
Listing Exchange 
NYSE - XNYS
Benchmark 
Russell 2000 Index
Investment Style 
Small Cap
Lipper Classification 
Diversified Equity Funds
Morningstar Category5 
Small Blend
Dividends
Dividend Frequency, if any 
Quarterly
Distribution Rate at NAV  As of 11/25/2025 (Updated Daily)
6.18%
Distribution Rate at Market Price  As of 11/25/2025 (Updated Daily)
7.05%
Identifiers
Ticker 
RMT
NAV Symbol 
XOTCX
CUSIP Code 
780915104
Trading Characteristics
As of 11/26/2025 (Updated Daily)
Daily Volume 
75,915

Portfolio Managers

Jim Stoeffel

New York, United States

Managed Fund Since 2018

Performance

  • Average Annual Total Returns
  • Calendar Year Returns
  • Cumulative Total Returns
  • Risk Measures

Average Annual Total Returns

Average Annual Total Returns

As of 10/31/2025

Chart

Bar chart with 3 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 8.92 to 22.79.
End of interactive chart.

Month End   As of 10/31/2025
Royce Micro-Cap Trust - Market Price (%)
1 Year  
22.79
3 Years  
15.30
5 Years  
15.71
10 Years  
12.45
Since Inception   12/14/1993
10.40
Month End   As of 10/31/2025
Royce Micro-Cap Trust - NAV (%)
1 Year  
21.67
3 Years  
16.07
5 Years  
14.30
10 Years  
11.90
Since Inception   12/14/1993
10.93
Month End   As of 10/31/2025
Russell 2000 Index (%)
1 Year  
14.41
3 Years  
11.94
5 Years  
11.50
10 Years  
9.36
Since Inception   12/14/1993
8.92

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.

All performance information reflects past performance, is presented on a total return basis, net of the Fund's investment advisory fee, and reflects the reinvestment of distributions. Past performance is no guarantee of future results. Current performance may be higher or lower than performance quoted. All 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. The market price of the Fund's shares will fluctuate, so that shares may be worth more or less than their original cost when sold. Returns for periods of less than one year are not annualized.


Calendar Year Returns

Calendar Year Returns

As of 10/31/2025

Chart

Bar chart with 3 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -20.44 to 33.66.
End of interactive chart.

Month End   As of 10/31/2025
Royce Micro-Cap Trust - Market Price (%)
YTD  
14.83
2024  
14.17
2023  
15.86
2022  
-16.51
2021  
22.78
2020  
29.37
2019  
24.82
2018  
-14.65
2017  
25.09
2016  
22.30
2015  
-16.06
Performance Inception Date  
12/14/1993
Month End   As of 10/31/2025
Royce Micro-Cap Trust - NAV (%)
YTD  
14.92
2024  
13.47
2023  
16.64
2022  
-16.89
2021  
19.17
2020  
33.66
2019  
22.44
2018  
-11.62
2017  
17.67
2016  
21.98
2015  
-11.72
Performance Inception Date  
12/14/1993
Month End   As of 10/31/2025
Russell 2000 Index (%)
YTD  
12.39
2024  
11.54
2023  
16.93
2022  
-20.44
2021  
14.82
2020  
19.96
2019  
25.52
2018  
-11.01
2017  
14.65
2016  
21.31
2015  
-4.41
Performance Inception Date  
—

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.

All performance information reflects past performance, is presented on a total return basis, net of the Fund's investment advisory fee, and reflects the reinvestment of distributions. Past performance is no guarantee of future results. Current performance may be higher or lower than performance quoted. All 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. The market price of the Fund's shares will fluctuate, so that shares may be worth more or less than their original cost when sold. Returns for periods of less than one year are not annualized.


Cumulative Total Returns

Cumulative Total Returns

As of 10/31/2025

The hypothetical growth scenario of $10,000 does not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares. Had they been reflected hypothetical values would be lower.

Chart

Line chart with 3 lines.
The chart has 1 X axis displaying Time. Data ranges from 2007-05-01 00:00:00 to 2025-10-01 00:00:00.
The chart has 1 Y axis displaying values. Data ranges from 9520.42 to 61542.99.
End of interactive chart.

Month End   As of 10/31/2025
Royce Micro-Cap Trust - Market Price (%)
YTD  
14.83
1 Month  
1.54
3 Months  
13.33
6 Months  
33.91
1 Year  
22.79
3 Years  
53.30
5 Years  
107.46
10 Years  
223.32
15 Years  
—
Since Inception   12/14/1993
2,241.23
Month End   As of 10/31/2025
Royce Micro-Cap Trust - NAV (%)
YTD  
14.92
1 Month  
1.02
3 Months  
12.41
6 Months  
33.46
1 Year  
21.67
3 Years  
56.39
5 Years  
95.10
10 Years  
207.82
15 Years  
—
Since Inception   12/14/1993
2,629.58
Month End   As of 10/31/2025
Russell 2000 Index (%)
YTD  
12.39
1 Month  
1.81
3 Months  
12.48
6 Months  
27.09
1 Year  
14.41
3 Years  
40.26
5 Years  
72.30
10 Years  
144.71
15 Years  
—
Since Inception   12/14/1993
1,425.99

Historical Cumulative Total Returns

Date Selected   As of 10/31/2025
Royce Micro-Cap Trust - Market Price (%)
YTD  
14.83
1 Month  
1.54
3 Months  
13.33
6 Months  
33.91
1 Year  
22.79
3 Years  
53.30
5 Years  
107.46
10 Years  
223.32
15 Years  
—
Since Inception   12/14/1993
2,241.23
Date Selected   As of 10/31/2025
Royce Micro-Cap Trust - NAV (%)
YTD  
14.92
1 Month  
1.02
3 Months  
12.41
6 Months  
33.46
1 Year  
21.67
3 Years  
56.39
5 Years  
95.10
10 Years  
207.82
15 Years  
—
Since Inception   12/14/1993
2,629.58
Date Selected   As of 10/31/2025
Russell 2000 Index (%)
YTD  
12.39
1 Month  
1.81
3 Months  
12.48
6 Months  
27.09
1 Year  
14.41
3 Years  
40.26
5 Years  
72.30
10 Years  
144.71
15 Years  
—
Since Inception   12/14/1993
1,425.99

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.

All performance information reflects past performance, is presented on a total return basis, net of the Fund's investment advisory fee, and reflects the reinvestment of distributions. Past performance is no guarantee of future results. Current performance may be higher or lower than performance quoted. All 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. The market price of the Fund's shares will fluctuate, so that shares may be worth more or less than their original cost when sold. Returns for periods of less than one year are not annualized.


Risk Measures

Risk Measures7

Risk Measures data is currently not available.

Portfolio

Assets

As of 10/31/2025 Updated Monthly
Total Net Assets6 
$629.90 Million

Portfolio Allocations

Asset Allocation

As of 09/30/2025 % of Total Updated Quarterly

Chart

Bar chart with 2 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 18.12042 to 81.87958.
End of interactive chart.
Fund
U.S. Investments 81.88%
Non-U.S. Investments 18.12%

Portfolio Holdings

Holdings

As of 09/30/2025 Updated Quarterly
Security Name 
EVI Industries
Weight (%) 
1.23
Market Value ($) 
7,670,388
Quantity 
242,657
Security Name 
Newpark Resources
Weight (%) 
1.22
Market Value ($) 
7,596,192
Quantity 
671,635
Security Name 
CECO Environmental Corp
Weight (%) 
1.21
Market Value ($) 
7,547,853
Quantity 
147,419
Security Name 
Sprott
Weight (%) 
1.18
Market Value ($) 
7,368,238
Quantity 
88,652
Security Name 
Argan
Weight (%) 
1.15
Market Value ($) 
7,158,215
Quantity 
26,507
Security Name 
5N Plus
Weight (%) 
1.12
Market Value ($) 
6,960,252
Quantity 
569,464
Security Name 
EZCORP Cl. A
Weight (%) 
1.10
Market Value ($) 
6,834,579
Quantity 
358,959
Security Name 
Astronics Corporation
Weight (%) 
1.09
Market Value ($) 
6,814,773
Quantity 
149,414
Security Name 
Northwest Pipe Company
Weight (%) 
1.09
Market Value ($) 
6,799,811
Quantity 
128,468
Security Name 
nLight Inc
Weight (%) 
1.09
Market Value ($) 
6,820,707
Quantity 
230,196

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.

Tax

  • Distributions
  • Tax Information

Distributions

Distribution Schedules

Dividend Frequency, if any  This fund is an ex-Dividend fund
Quarterly

Download Distribution Summary

Rates and Yields

Read important information about results and other investment disclosures
Distribution Rate
As of 11/25/2025
At Net Asset Value (NAV) 
6.18%
At Market Price 
7.05%

Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.

Distributions Per Share

Current Year Distributions Per Share
Distributions with future dates are estimates and those figures are not final
Record Date  
09/12/2025
Ex-Dividend Date  
09/12/2025
Payable Date  
09/25/2025
Total Distribution Per Share  
$0.18
Record Date  
06/12/2025
Ex-Dividend Date  
06/12/2025
Payable Date  
06/25/2025
Total Distribution Per Share  
$0.18
Record Date  
03/13/2025
Ex-Dividend Date  
03/13/2025
Payable Date  
03/26/2025
Total Distribution Per Share  
$0.19
Historical Distributions Per Share
Since Inception Year
  • 2024
  • Since Inception
Record Date  
12/12/2024
Ex-Dividend Date  
12/12/2024
Payable Date  
12/23/2024
Total Distribution Per Share  
$0.209999
Record Date  
09/13/2024
Ex-Dividend Date  
09/13/2024
Payable Date  
09/23/2024
Total Distribution Per Share  
$0.18
Record Date  
06/13/2024
Ex-Dividend Date  
06/13/2024
Payable Date  
06/24/2024
Total Distribution Per Share  
$0.18

Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.

The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.

Refer to the fund’s annual report for specific information regarding distributions.

Tax Information

Tax Information

Federal ID Number 13-3739778
For information on tax years prior to 2008, please contact us
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 ($)
2024 Year
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
Record Date  
Mar 11
Ordinary Dividends  
0.029873
Qualified Dividends  
0.016684
Capital Gain Distributions  
0.140127
Unrecaptured Section 1250 Gain  
—
Non-Taxable Return Of Capital  
—
Section 199a Dividends  
—
Foreign Tax Paid  
—
Exempt Interest Dividends  
—
Interest on Tax Reclaim Refunds  
—
Record Date  
Jun 13
Ordinary Dividends  
0.03163
Qualified Dividends  
0.017665
Capital Gain Distributions  
0.14837
Unrecaptured Section 1250 Gain  
—
Non-Taxable Return Of Capital  
—
Section 199a Dividends  
—
Foreign Tax Paid  
—
Exempt Interest Dividends  
—
Interest on Tax Reclaim Refunds  
—
Record Date  
Sep 13
Ordinary Dividends  
0.03163
Qualified Dividends  
0.017665
Capital Gain Distributions  
0.14837
Unrecaptured Section 1250 Gain  
—
Non-Taxable Return Of Capital  
—
Section 199a Dividends  
—
Foreign Tax Paid  
—
Exempt Interest Dividends  
—
Interest on Tax Reclaim Refunds  
—
Record Date  
Dec 12
Ordinary Dividends  
0.036902
Qualified Dividends  
0.02061
Capital Gain Distributions  
0.173098
Unrecaptured Section 1250 Gain  
—
Non-Taxable Return Of Capital  
—
Section 199a Dividends  
—
Foreign Tax Paid  
—
Exempt Interest Dividends  
—
Interest on Tax Reclaim Refunds  
—
Record Date  
Ordinary Dividends  
0.130035
Qualified Dividends  
0.072625
Capital Gain Distributions  
0.609965
Unrecaptured Section 1250 Gain  
—
Non-Taxable Return Of Capital  
—
Section 199a Dividends  
—
Foreign Tax Paid  
—
Exempt Interest Dividends  
—
Interest on Tax Reclaim Refunds  
—
Supplemental Tax Information
Foreign Source Income 
—
Foreign Source Qualified Dividends 
—
Direct U.S. Government Obligations 
—
Specified Private Activity Bond Interest 
—
Dividends Received Deduction 
47.16%
Section 163(j) 
—
Indiana Resident Taxable Income 
—
Utah Resident Taxable Income 
—

Franklin Templeton and its specialized investment managers and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the promotion or marketing of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Each investor’s tax situation is different, and is based on an individual’s tax bracket, type of account used for investment and other factors. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Pricing

  • Pricing
  • Premium/Discount

Pricing

Pricing History Chart

As of 11/26/2025 Updated Daily
Since Inception Time Period
  • 1 Month
  • 3 Months
  • 6 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Since Inception

Chart

Line chart with 2 lines.
The chart has 1 X axis displaying Time. Data ranges from 2007-05-08 00:00:01 to 2025-11-27 00:00:01.
The chart has 1 Y axis displaying values. Data ranges from 3.4 to 16.15.
End of interactive chart.

Daily Fund Prices

As of 11/26/2025

Share Prices

As of 11/26/2025
NAV1 (Net Asset Value)
$11.79
NAV Change1 
$0.14
NAV Change (%)1 
1.20%
Market Price2 
$10.30
Market Price Change2 
$0.08
Market Price Change (%)2 
0.78%

52-Week Range

Highest NAV 
$12.24
Highest Market Price 
$10.74
Lowest NAV 
$8.27
Lowest Market Price 
$7.35

Premium / Discount

As of 11/26/2025
Avg. of Market Price vs. NAV at Close 
-12.64%
Historical Data - Daily Fund Prices
1 Month Time Period
  • 1 Month
  • 3 Months
  • 6 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Since Inception
NAV  As of 11/26/2025
$11.79 (USD)
Market Price  As of 11/26/2025
$10.30 (USD)
Highest NAV  As of 10/27/2025
$12.18 (USD)
Highest Market Price  As of 10/27/2025
$10.74 (USD)
Lowest NAV  As of 11/20/2025
$10.85 (USD)
Lowest Market Price  As of 11/20/2025
$9.52 (USD)

Historical Pricing Results   From   10/27/2025   To   11/27/2025

Date 
11/27/2025
NAV  
$11.79
NAV Change  
$0.14
NAV Change (%)  
1.20%
Market Price  
$10.30
Market Price Change  
$0.08
Market Price Change (%)  
0.78%
Avg. of Market Price vs. NAV at Close  
-12.64%
Date 
11/26/2025
NAV  
$11.79
NAV Change  
$0.14
NAV Change (%)  
1.20%
Market Price  
$10.30
Market Price Change  
$0.08
Market Price Change (%)  
0.78%
Avg. of Market Price vs. NAV at Close  
-12.64%
Date 
11/25/2025
NAV  
$11.65
NAV Change  
$0.28
NAV Change (%)  
2.46%
Market Price  
$10.22
Market Price Change  
$0.31
Market Price Change (%)  
3.13%
Avg. of Market Price vs. NAV at Close  
-12.27%
Date 
11/24/2025
NAV  
$11.37
NAV Change  
$0.22
NAV Change (%)  
1.97%
Market Price  
$9.91
Market Price Change  
$0.15
Market Price Change (%)  
1.54%
Avg. of Market Price vs. NAV at Close  
-12.84%
Date 
11/21/2025
NAV  
$11.15
NAV Change  
$0.30
NAV Change (%)  
2.77%
Market Price  
$9.76
Market Price Change  
$0.24
Market Price Change (%)  
2.52%
Avg. of Market Price vs. NAV at Close  
-12.47%
Date 
11/20/2025
NAV  
$10.85
NAV Change  
$-0.25
NAV Change (%)  
-2.25%
Market Price  
$9.52
Market Price Change  
$-0.20
Market Price Change (%)  
-2.06%
Avg. of Market Price vs. NAV at Close  
-12.26%
Date 
11/19/2025
NAV  
$11.10
NAV Change  
$0.03
NAV Change (%)  
0.27%
Market Price  
$9.72
Market Price Change  
$-0.01
Market Price Change (%)  
-0.10%
Avg. of Market Price vs. NAV at Close  
-12.43%
Date 
11/18/2025
NAV  
$11.07
NAV Change  
$0.00
NAV Change (%)  
0.00%
Market Price  
$9.73
Market Price Change  
$0.01
Market Price Change (%)  
0.10%
Avg. of Market Price vs. NAV at Close  
-12.10%
Date 
11/17/2025
NAV  
$11.07
NAV Change  
$-0.27
NAV Change (%)  
-2.38%
Market Price  
$9.72
Market Price Change  
$-0.23
Market Price Change (%)  
-2.31%
Avg. of Market Price vs. NAV at Close  
-12.20%
Date 
11/14/2025
NAV  
$11.34
NAV Change  
$-0.01
NAV Change (%)  
-0.09%
Market Price  
$9.95
Market Price Change  
$0.00
Market Price Change (%)  
0.00%
Avg. of Market Price vs. NAV at Close  
-12.26%
Date 
11/13/2025
NAV  
$11.35
NAV Change  
$-0.33
NAV Change (%)  
-2.83%
Market Price  
$9.95
Market Price Change  
$-0.32
Market Price Change (%)  
-3.12%
Avg. of Market Price vs. NAV at Close  
-12.33%
Date 
11/12/2025
NAV  
$11.68
NAV Change  
$0.03
NAV Change (%)  
0.26%
Market Price  
$10.27
Market Price Change  
$0.06
Market Price Change (%)  
0.59%
Avg. of Market Price vs. NAV at Close  
-12.07%
Date 
11/11/2025
NAV  
$11.65
NAV Change  
$-0.01
NAV Change (%)  
-0.09%
Market Price  
$10.21
Market Price Change  
$-0.08
Market Price Change (%)  
-0.78%
Avg. of Market Price vs. NAV at Close  
-12.36%
Date 
11/10/2025
NAV  
$11.66
NAV Change  
$0.16
NAV Change (%)  
1.39%
Market Price  
$10.29
Market Price Change  
$0.18
Market Price Change (%)  
1.78%
Avg. of Market Price vs. NAV at Close  
-11.75%
Date 
11/07/2025
NAV  
$11.50
NAV Change  
$0.02
NAV Change (%)  
0.17%
Market Price  
$10.11
Market Price Change  
$-0.05
Market Price Change (%)  
-0.49%
Avg. of Market Price vs. NAV at Close  
-12.09%
Date 
11/06/2025
NAV  
$11.48
NAV Change  
$-0.36
NAV Change (%)  
-3.04%
Market Price  
$10.16
Market Price Change  
$-0.17
Market Price Change (%)  
-1.65%
Avg. of Market Price vs. NAV at Close  
-11.50%
Date 
11/05/2025
NAV  
$11.84
NAV Change  
$0.26
NAV Change (%)  
2.25%
Market Price  
$10.33
Market Price Change  
$0.07
Market Price Change (%)  
0.68%
Avg. of Market Price vs. NAV at Close  
-12.75%
Date 
11/04/2025
NAV  
$11.58
NAV Change  
$-0.31
NAV Change (%)  
-2.61%
Market Price  
$10.26
Market Price Change  
$-0.25
Market Price Change (%)  
-2.38%
Avg. of Market Price vs. NAV at Close  
-11.40%
Date 
11/03/2025
NAV  
$11.89
NAV Change  
$0.00
NAV Change (%)  
0.00%
Market Price  
$10.51
Market Price Change  
$-0.04
Market Price Change (%)  
-0.38%
Avg. of Market Price vs. NAV at Close  
-11.61%
Date 
10/31/2025
NAV  
$11.89
NAV Change  
$0.02
NAV Change (%)  
0.17%
Market Price  
$10.55
Market Price Change  
$0.03
Market Price Change (%)  
0.29%
Avg. of Market Price vs. NAV at Close  
-11.27%
Date 
10/30/2025
NAV  
$11.87
NAV Change  
$-0.14
NAV Change (%)  
-1.17%
Market Price  
$10.52
Market Price Change  
$-0.08
Market Price Change (%)  
-0.75%
Avg. of Market Price vs. NAV at Close  
-11.37%
Date 
10/29/2025
NAV  
$12.01
NAV Change  
$-0.14
NAV Change (%)  
-1.15%
Market Price  
$10.60
Market Price Change  
$-0.11
Market Price Change (%)  
-1.03%
Avg. of Market Price vs. NAV at Close  
-11.74%
Date 
10/28/2025
NAV  
$12.15
NAV Change  
$-0.03
NAV Change (%)  
-0.25%
Market Price  
$10.71
Market Price Change  
$-0.03
Market Price Change (%)  
-0.28%
Avg. of Market Price vs. NAV at Close  
-11.85%
Date 
10/27/2025
NAV  
$12.18
NAV Change  
$-0.06
NAV Change (%)  
-0.49%
Market Price  
$10.74
Market Price Change  
$0.03
Market Price Change (%)  
0.28%
Avg. of Market Price vs. NAV at Close  
-11.82%

Premium/Discount

Historical Premium/Discount 4

 As of 11/26/2025 Updated Daily
1 Month Time Period
  • 1 Month
  • 3 Months
  • 6 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Since Inception

Chart

Line chart with 24 data points.
The chart has 1 X axis displaying Time. Data ranges from 2025-10-27 00:00:01 to 2025-11-27 00:00:01.
The chart has 1 Y axis displaying values. Data ranges from -12.8408 to -11.27.
End of interactive chart.

Documents

Fund Literature

PDF Format

Factsheet - Royce Micro-Cap Trust

PDF Format

Closed-End Funds Product Guide

View Fund's SEC Filing

Risks

What Are the Risks?

The Fund normally invests in 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. Distributions are not guaranteed and are subject to change.