Royce Value Trust (NYSE: RVT) as of August 31, 2013

Royce Value Trust (NYSE: RVT) as of August 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, Inc. (NYSE: RVT) :

Closing Prices - August 31, 2013

NAV

$17.54

MKT

$15.40

Total Return Performance

Periods ended August 31, 2013

NAV

MKT

Month*

-2.23%

-2.78%

Year to Date*

16.81

17.69

One-Year

26.95

28.29

Three-Year Average Annual

17.22

18.97

Five-Year Average Annual

6.28

4.05

10-Year Average Annual

8.52

7.09

*Not Annualized

Portfolio Diagnostics

Wtd. Average Geometric Mkt. Cap:

$1802 million

Wtd. Average P/E Ratio:

18.1*

Wtd. Average P/B Ratio:

1.8x

Net Assets:

$1246 million

Net Leverage:

1.9%

*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. HEICO Corp.

1.1%

2. Reliance Steel & Aluminum

0.9

3. On Assignment

0.9

4. E-L Financial

0.9

5. LKQ Corp.

0.9

6. FLIR Systems

0.8

7. Federated Investors Inc. Cl. B

0.8

8. Tejon Ranch Co.

0.8

9. Wabtec Corp.

0.8

10. Ash Grove Cement Co.

0.8

Top Five Sectors

% of Net Assets

1. Industrials

28%

2. Information Technology

21

3. Financials

16

4. Consumer Discretionary

14

5. HealthCare

7

Recent Developments

Royce Value Trust, Inc. ("Royce Value Trust") (NYS: RVT) announced that stockholders at its 2013 Special Meeting approved the contribution of approximately $100 million of its cash and/or securities to Royce Global Value Trust, Inc. ("Royce Global Value Trust"), a newly formed closed-end investment company, in exchange for a corresponding amount of common stock of Royce Global Value Trust, and the subsequent distribution of such Royce Global Value Trust common stock to Royce Value Trust common stockholders (the "spin-off"). The final amount of capital to be contributed by Royce Value Trust to Royce Global Value Trust, the number of shares of Royce Global Value Trust to be distributed in the spin-off, and the record and distribution dates for the spin-off will be announced at a later time.

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, Inc.
John D. Diederich, 212-355-7311

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS:

The article Royce Value Trust (NYS: RVT) as of August 31, 2013 originally appeared on Fool.com.

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