Royce Value Trust Inc : Royce Value Trust (NYSE:RVT) as of December 31, 2013
January 15, 2014 at 04:41 pm
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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
Royce Value Trust, Inc. (NYSE:RVT):
Closing Prices - December 31, 2013
NAV $18.17
MKT $16.01
Total Return Performance
Periods ended December 31, 2013
NAV
MKT
1 Month*
2.70%
4.87%
Year to Date
34.22
35.71
One-Year
34.22
35.71
Three-Year Average Annual
11.69
12.20
Five-Year Average Annual
21.28
20.89
10-Year Average Annual
8.96
7.47
*Not Annualized
Portfolio Diagnostics
Wtd. Average Geometric Mkt. Cap:
$1782 million
Wtd. Average P/E Ratio:
21.6*
Wtd. Average P/B Ratio:
2.1x
Net Assets:
$1307 million
Net Leverage:
2.0%
*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.
1.2%
2.
Tejon Ranch Co.
1.0
3.
On Assignment
0.9
4.
Reliance Steel & Aluminum
0.9
5.
Wabtec Corp.
0.9
6.
Federated Investors, Cl. B
0.9
7.
E-L Financial Corp.
0.8
8.
Coherent
0.8
9.
Helmerich & Payne
0.8
10.
Kennametal
0.8
Top Five Sectors
% of Net Assets
1.
Industrials
29%
2.
Information Technology
19
3.
Financials
13
4.
Consumer Discretionary
12
5.
Materials
7
Recent Developments
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
Royce Small-Cap Trust, Inc. (the Fund), formerly Royce Value Trust, Inc., is a diversified, closed-end investment company. The investment objective of the Fund is long-term growth of capital. The Fund primarily invests in small-cap securities. Under normally circumstances, the Fund invests approximately 80% of its assets in the equity securities of small-cap companies. The Fund may also invest up to 25% of its assets in securities of issuers headquartered outside the United States. The Fund invests in various sectors, which include industrials, financials, information technology, health care, consumer discretionary, materials, real estate, communication services, energy, consumer staples and utilities. The Fundâs investment advisor is Royce & Associates, LP. Royce & Associates, LP primarily conducts business using the name Royce Investment Partners.
ROYCE SMALL-CAP TRUST, INC. 
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