Royce Global Trust (NYSE: RGT) as of Nov 30, 2025
MWN-AI** Summary
As of November 30, 2025, Royce Global Trust (NYSE: RGT) is a closed-end fund specializing in global equities, managed by Royce & Associates, LP, which boasts over 50 years of experience in small- and micro-cap investments. The trust primarily focuses on small-cap and mid-cap companies, offering investors a diversified portfolio across various geographic regions. The fund's investment philosophy centers on a disciplined value approach, seeking long-term capital growth.
As of the end of November 2025, Royce Global Trust reported a net asset value (NAV) of $15.07, while shares were trading at a market price of $12.65. The fund has delivered an average annual total return of 20.08% year-to-date, and 14.01% over the past year, significantly outperforming its market return of 17.98% and 12.05%, respectively. Over a three-year period, the NAV return stood at 14.38%, reflecting a robust growth trajectory.
The fund’s portfolio held total net assets of approximately $98.2 million, with an average market capitalization of $331.2 million. It featured a weighted average price-to-earnings (P/E) ratio of 26.1x and a price-to-book (P/B) ratio of 23.1x. The diversification of its investments was evident, with significant allocations in financials (29.9%), industrials (26.5%), and materials (11.4%).
Recent performance reflects its ability to navigate market fluctuations, though potential investors should be mindful of the inherent risks associated with small- and mid-cap equities and international investments. With at least 80% of its assets invested in equity securities, Royce Global Trust remains poised for capital growth, appealing to investors seeking global diversification within their portfolios.
MWN-AI** Analysis
As of November 30, 2025, Royce Global Trust (NYSE: RGT) presents intriguing opportunities for investors seeking exposure to global equities through a disciplined value approach. The fund’s structure as a closed-end fund focusing on small- and mid-cap companies reveals both potential for growth and inherent risks.
With a net asset value (NAV) of $15.07 and a market price of $12.65, RGT's shares currently trade at a notable discount to their NAV. This could indicate an attractive buying opportunity, particularly for value-oriented investors looking to capitalize on the disparity between market perception and underlying asset value. The fund's year-to-date returns of 20.08% (NAV) and 17.98% (Market) underscore its strong performance in the current market landscape, driven largely by companies within the financials and industrials sectors, which constitute nearly 56.4% of the portfolio.
Investors should note the fund's weighted average price-to-earnings (P/E) ratio of 26.1x, higher than typical benchmarks for value stocks. This suggests that while the fund has enjoyed robust growth, it may also be priced for continued performance, posing a risk if earnings growth doesn't meet expectations.
While the diversified nature of RGT—holding 80% of net assets in equities across multiple countries—offers some risk mitigation, it also introduces foreign market exposure, subjecting investors to geopolitical and currency risks that could affect returns.
Overall, RGT may be suitable for investors with a long-term horizon who are comfortable with the volatility associated with small-cap investments. A position in Royce Global Trust could provide a balanced approach to enhancing a diversified portfolio, especially for those inclined towards growth opportunities stemming from international markets. However, due diligence on individual holdings and market conditions is recommended before committing capital.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
- A closed-end fund that invests in global equities using a disciplined value approach
- Average weekly trading volume of approximately 149,316 shares
- Fund's adviser has more than 50 years of small- and micro-cap investment experience
NEW YORK, Dec. 23, 2025 /PRNewswire/ --
CLOSING PRICES AS OF 11/30/25 | |
NAV | 15.07 |
MKT | 12.65 |
AVERAGE ANNUAL TOTAL RETURN AS OF 11/30/25 | NAV %) | MKT(%) |
One-Month* | 1.96 | -1.17 |
Year to Date* | 20.08 | 17.98 |
One-Year | 14.01 | 12.05 |
Three-Year | 14.38 | 12.63 |
Five-Year | 7.22 | 4.51 |
10-Year | 9.57 | 9.84 |
*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 | $3312.2M |
Weighted Average P/E2 | 26.1x |
Weighted Average P/B2 | 3.1x |
Net Assets | $98.2M |
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 (7% of portfolio holdings as of 11/30/25). 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.
Portfolio Composition
TOP 10 POSITIONS | % OF NET ASSETS (SUBJECT TO |
Tel Aviv Stock Exchange | 5.3 |
Sprott | 4.3 |
Alamos Gold Cl. A | 3.6 |
Protector Forsikring | 3.1 |
Stadio Holdings | 2.8 |
APi Group | 2.6 |
Phoenix Financial | 2.0 |
Littelfuse | 1.9 |
OEM International Cl. B | 1.9 |
TMX Group | 1.8 |
TOP FIVE SECTORS | % OF NET ASSETS (SUBJECT TO |
Financials | 29.9 |
Industrials | 26.5 |
Materials | 11.4 |
Information Technology | 11.1 |
Cash and Cash Equivalents | 6.4 |
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.
SOURCE Royce Global Trust
FAQ**
How has the performance of Royce Global Value Trust Inc. RGT compared to its average annual total return over the last year, specifically in terms of NAV and market prices as of November 30, 2025?
Given the portfolio's average market capitalization of approximately $3312.2M, what strategies does Royce Global Value Trust Inc. RGT utilize to manage the inherent risks associated with investing in small-cap and mid-cap companies?
Considering that 29.9% of the portfolio is allocated to financials, how does Royce Global Value Trust Inc. RGT assess the potential impacts of economic changes on this sector moving forward from November 30, 2025?
With the fund investing at least 65% of its assets in international equities, how does Royce Global Value Trust Inc. RGT mitigate the risks associated with foreign investments, particularly regarding currency and political uncertainties?
**MWN-AI FAQ is based on asking OpenAI questions about Royce Global Value Trust Inc. (NYSE: RGT).
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