Royce Value Trust (NYSE: RVT) as of June 30, 2013

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Royce Value Trust (NYSE: RVT) as ofJune 30, 2013

  • 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

NEW YORK--(BUSINESS WIRE)-- Royce Value Trust (NYS: RVT) :

Closing Prices - June 30, 2013

 
NAV $16.88
MKT $15.16
 

Total Return Performance

Periods ended June 30, 2013

NAV

MKT

 
Month*-1.42%-1.40%
Year to Date*12.4215.86
One-Year24.6428.83
Three-Year Average Annual16.1718.46
Five-Year Average Annual6.245.02
10-Year Average Annual9.357.72
 
*Not Annualized
 

Portfolio Diagnostics

 
Wtd. Average Geometric Mkt. Cap:$1590 million
Wtd. Average P/E Ratio:17.3*
Wtd. Average P/B Ratio:1.8x
Net Assets:$1200 million
Net Leverage:7%
 

*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.
 
 

Portfolio Composition

 

Top 10 Positions

% of Net Assets

1. Carter's1.2%
2. PAREXEL International1.0
3. Coherent1.0
4. Lincoln Electric Holdings1.0
5. Reliance Steel & Aluminum1.0
6. E-L Financial0.9
7. Federated Investors Inc.0.9
8. HEICO Corp.0.9
9. On Assignment0.8
10. Ethan Allen Interiors0.8
 

Top Five Sectors

% of Net Assets

1. Industrials29%
2. Information Technology22
3. Financials18
4. Consumer Discretionary15
5. HealthCare8
 

Recent Developments


The Board of Directors of Royce Value Trust, Inc. has approved, subject to stockholder approval, the contribution of approximately $100 million of RVT's assets to a newly formed non-diversified, closed-end investment company. All of such investment company's common stock would then be distributed to the common stockholders of RVT. There is no assurance that stockholder approval will be obtained.

Royce Value Trust is a closed-end diversified management investment company whose shares of Common Stock (RVT) 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 65% 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.



Royce Value Trust
John D. Diederich, 212-355-7311

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

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