Royce Value Trust (NYSE: RVT) as of March 31, 2013
Royce Value Trust (NYSE: RVT) as ofMarch 31, 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 - March 31, 2013 | ||
NAV | $16.81 | |
MKT | $15.06 | |
Total Return Performance | ||||||
Periods ended March 31, 2013 | NAV | MKT | ||||
Month* | 3.06% | 2.99% | ||||
Year to Date* | 10.56 | 13.66 | ||||
One-Year | 11.99 | 15.14 | ||||
Three-Year Average Annual | 11.36 | 13.32 | ||||
Five-Year Average Annual | 5.64 | 5.17 | ||||
10-Year Average Annual | 11.35 | 9.95 | ||||
*Not Annualized | ||||||
Portfolio Diagnostics | ||
Wtd. Average Geometric Mkt. Cap: | $1572 million | |
Wtd. Average P/E Ratio: | 17.0* | |
Wtd. Average P/B Ratio: | 1.8x | |
Net Assets: | $1187 million | |
Net Leverage: | 4% | |
*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. | PAREXEL International | 1.0 | % | ||
2. | Reliance Steel & Aluminum | 1.0 | |||
3. | Carter's | 1.0 | |||
4. | Ethan Allen Interiors | 1.0 | |||
5. | HEICO Corp. | 1.0 | |||
6. | Lincoln Electric Holdings | 0.9 | |||
7. | Coherent | 0.9 | |||
8. | Advisory Board (The) | 0.8 | |||
9. | On Assignment | 0.8 | |||
10. | Mohawk Industries | 0.8 | |||
Top Five Sectors | % of Net Assets | ||||
1. | Industrials | 29 | % | ||
2. | Information Technology | 21 | |||
3. | Financials | 18 | |||
4. | Consumer Discretionary | 13 | |||
5. | Materials | 8 | |||
Recent Developments
Royce Value Trust, Inc. (NYSE - RVT) has declared a quarterly distribution of $0.19 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock, or in cash by specific stockholder election, was paid on March 25, 2013 to stockholders of record at the close of business on March 6, 2013 (ex-dividend on March 4, 2013). The price of shares issued for reinvestment determined on March 13, 2013 was $14.81.
The Board of Directors of Royce Value Trust, Inc. has approved, subject to stockholder and other regulatory approvals, the contribution of approximately $100 million of RVT's assets to a newly formed non-diversified, closed-end investment company, Royce Global Value Trust, Inc. ("RGT"). All of RGT's common stock would then be distributed to the common stockholders of RVT. There is no assurance that necessary stockholder and regulatory approvals 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:
The article Royce Value Trust (NYS: RVT) as of March 31, 2013 originally appeared on Fool.com.
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