NEW
YORK, July 29, 2024 /PRNewswire/ --
- A closed-end fund that invests in global equities using a
disciplined value approach
- Average weekly trading volume of approximately 44,435
shares
- Fund's adviser has more than 50 years of small- and micro-cap
investment experience
|
CLOSING PRICES AS OF
06/30/24
|
|
|
NAV
|
12.55
|
|
MKT
|
11.12
|
|
AVERAGE ANNUAL TOTAL
RETURN AS OF 06/30/24
|
NAV
(%)
|
MKT
(%)
|
|
One-Month*
|
-1.88
|
-3.30
|
|
Year to
Date*
|
7.08
|
14.05
|
|
One-Year
|
16.63
|
22.25
|
|
Three-Year
|
-1.21
|
-2.27
|
|
Five-Year
|
6.82
|
7.72
|
|
10-Year
|
5.68
|
5.67
|
|
*Not
Annualized
|
Important Performance and Expense Information
All performance information reflects past performance, is
presented on a total return basis, and reflects the reinvestment of
distributions. Past performance is no guarantee of future results.
Current performance may be higher or lower than performance quoted.
Returns as of the most recent month-end may be obtained at
www.royceinvest.com. 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.
The Fund invests primarily in securities of small-cap and
mid-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. From
time to time, the Fund may invest a significant portion of its net
assets in foreign securities, which may involve political,
economic, currency and other risks not encountered in U.S.
investments.
|
PORTFOLIO
DIAGNOSTICS
|
|
|
Average Market
Cap1
|
$2203.8M
|
|
Weighted Average
P/E2
|
22.2x
|
|
Weighted Average
P/B2
|
2.8x
|
|
Net Assets
|
$79.8M
|
|
Net Leverage
|
3.6 %
|
|
1Geometric Average: This weighted
calculation uses each portfolio holding's market cap in a way
designed to not skew the effect of very large or small holdings;
instead, it aims to better identify the portfolio's center, which
Royce believes offers a more accurate measure of average market cap
than a simple mean or median.
2Harmonic
Average: This weighted calculation evaluates a portfolio as if
it were a single stock and measures it overall. It compares the
total market value of the portfolio to the portfolio's share in the
earnings of its underlying stocks.
The
Price-Earnings, or P/E, ratio is calculated by dividing a
company's share price by its trailing 12-month earnings-per-share
(EPS). The Fund's P/E ratio calculation excludes companies with
zero or negative earnings (15% of portfolio holdings as of
06/30/24). The Price-to-Book, or P/B, Ratio is calculated by
dividing a company's share price by its book value per
share.
The
Price-to-Book, or P/B, Ratio is calculated by dividing a
company's share price by its book value per share.
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
(SUBJECT TO CHANGE)
|
|
Vistry Group
|
3.8
|
|
FTAI
Aviation
|
2.8
|
|
Transcat
|
2.5
|
|
Sprott
|
2.4
|
|
APi Group
|
2.2
|
|
Protector
Forsikring
|
2.1
|
|
Tel Aviv Stock
Exchange
|
2.0
|
|
SEI
Investments
|
2.0
|
|
Morningstar
|
1.9
|
|
EVI
Industries
|
1.9
|
|
TOP FIVE
SECTORS
|
% OF NET ASSETS
(SUBJECT TO CHANGE)
|
|
Industrials
|
36.4
|
|
Financials
|
23.2
|
|
Information
Technology
|
15.0
|
|
Materials
|
7.7
|
|
Consumer
Discretionary
|
7.1
|
Recent Developments
The investment goal of Royce
Global Trust is long-term growth of capital. Under normal market
circumstances, the Fund will invest at least 80% of its net assets
in equity securities, such as common stock and preferred stock, and
at least 65% of its net assets in the equity securities of
companies located in at least three countries outside of
the United States. Royce &
Associates, LP manages the Fund.
Daily net asset values (NAVs) for Royce Global Trust are now
available on our website and online through most ticker symbol
lookup services and on broker terminals under the symbol XRGTX. For
more information, please call The Royce Funds at (800) 221-4268 or
visit our website at www.royceinvest.com.
An investor in Royce Global Trust should consider the Fund's
investment goals, risks, fees, charges, and expenses carefully
before purchasing share's of the Fund's common stock.
Important Disclosure Information
Closed-End Funds are
registered investment companies whose shares of common stock may
trade at a discount to their net asset value. Shares of each Fund's
common stock are also subject to the market risks of investing in
the underlying portfolio securities held by the Fund. Royce Fund
Services, LLC. ("RFS") is a member of FINRA and has filed this
material with FINRA on behalf of each Fund. RFS does not serve as a
distributor or as an underwriter to the closed-end funds.
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SOURCE Royce Global Value Trust, Inc.
