Royce Global Value Trust Overview as of January 31, 2025

Royce Global Value Trust (NYSE: RGT) is a closed-end fund focused on investing in global equities through a disciplined value investing strategy. This approach emphasizes the identification of undervalued stocks with strong growth potential. As of January 31, 2025, the fund has an average weekly trading volume of about 74,235 shares, indicating a healthy level of market activity.

Performance Metrics

The fund’s performance is evaluated based on its net asset value (NAV) and market price (MKT). As of the end of January 2025, the NAV stands at $12.69 while the market price is $10.93. The average annual total returns reveal a strong one-year return of 15.31% based on NAV and 14.57% based on market prices. For shorter periods, the one-month return is 1.12% for NAV and slightly better at 1.94% for market price.

Investment Strategy and Management

Managed by Royce & Associates, LP, the fund's adviser possesses over 50 years of experience specifically in small-cap and micro-cap investments. This expertise is crucial in navigating the more volatile sectors of global equity markets. The investment strategy of Royce Global Value Trust primarily revolves around equity securities, with a target of at least 80% of its net assets invested in stocks and a minimum of 65% allocated to companies based in three or more countries outside of the United States.

Portfolio Details

According to recent analyses, the fund's average market capitalization is approximately $2.7 billion, with a weighted average price-to-earnings (P/E) ratio of 23.4x and a price-to-book (P/B) ratio of 2.9x. The net assets managed by the fund total around $82.7 million, highlighting its robust investment capabilities.

Top Holdings and Sector Allocations

The fund's top ten positions include a mix of companies such as SEI Investments, Tel Aviv Stock Exchange, and FTAI Aviation, with each representing a small fraction of the net assets. The portfolio is well-diversified, with significant allocations to various sectors including Industrials (31.7%), Financials (26.8%), and Information Technology (12.9%). This diversification helps manage risk across different market conditions.

Performance and Risk Considerations

Investors should note that while past performance can provide insights into the fund's potential, it does not guarantee future results. The market price of shares can fluctuate, leading to possible gains or losses for investors when selling shares. Additionally, investments in small and mid-cap companies often carry higher risks compared to larger-cap investments. The fund's diversification and foreign investments may also expose it to various political, economic, and currency risks not present in U.S. markets.

Conclusion and Investor Information

Royce Global Value Trust aims for long-term capital growth while managing risks associated with equity investments. It is essential for potential investors to carefully consider the fund's investment goals, risks, fees, and expenses before investing. For further details on the fund’s performance, daily NAV, and more, please visit the official Royce Investments website.

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