Royce Small-Cap Trust Trades at 7.8% Discount with $2.30B Assets
Royce Small-Cap Trust reported a net asset value of $18.82 and a market price of $17.37 as of January 31, 2026, implying a 7.8% discount to NAV. The fund posted market-based returns of 7.89% over one month and 16.85% over one year, with net assets of $2.30 billion.
1. NAV and Market Price
As of January 31, 2026 the fund’s NAV stood at $18.82 per share while shares traded at $17.37, representing a 7.8% discount to net asset value.
2. Recent Total Returns
For the one-month period ending January 31 the fund delivered a 6.39% NAV return and a 7.89% market price return, and achieved 18.73% and 16.85% respectively over the past year.
3. Portfolio Diagnostics and Composition
The $2.30 billion portfolio has a geometric average market cap of $3.5 billion, a weighted average P/E of 20.0x and P/B of 2.4x, with top sector weights in Industrials (26.2%), Financials (19.7%) and Information Technology (14.3%).
4. Fund Profile and Distribution
Royce Small-Cap Trust is a closed-end fund seeking long-term capital growth through small- and micro-cap equities, trading on the NYSE under RVT. Daily NAVs are available online under ticker XRVTX, and investors should review the fund’s risks, fees and discount history before investing.