Le Lézard
Classified in: Business

Royce Global Value Trust (NYSE: RGT) as of Feb 29, 2020


NEW YORK, March 30, 2020 /PRNewswire/ --

 

CLOSING PRICES AS OF 02/29/20


NAV

12.09

MKT

11.15

 

AVERAGE ANNUAL TOTAL RETURN AS OF 02/29/20

NAV (%)

MKT (%)

One-Month*

-9.10

-2.90

Year to Date*

-11.10

-4.62

One-Year

2.82

10.93

Three-Year

6.55

9.69

Five-Year

6.09

7.46

Since Inception(10/17/13)*

4.53

4.61

*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

$1494.9M

Weighted Average P/E2

23.9x

Weighted Average P/B2

2.7x

Net Assets

$127.0M

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 (8% of portfolio holdings as of 02/29/20). 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 CHANGE)

Tel Aviv Stock Exchange

2.4

Virtu Financial Cl. A

1.8

FLIR Systems

1.5

Quaker Chemical

1.4

IPH

1.3

KBR

1.3

Altus Group

1.2

Computer Modelling Group

1.2

Colfax Corporation

1.1

Cabot Microelectronics

1.1

 

TOP FIVE SECTORS

% OF NET ASSETS (SUBJECT TO CHANGE)

Industrials

32.2

Information Technology

23.6

Financials

14.5

Materials

8.3

Health Care

7.3

Recent Developments

The investment goal of Royce Global Value 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 Value 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 Value 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 Value Trust


These press releases may also interest you

at 07:35
PHINIA Inc. , a leader in premium fuel systems, electrical systems and aftermarket parts, will report first quarter 2024 results on Thursday, April 25, 2024. PHINIA's earnings press release, earnings presentation and other materials will be available...

at 07:35
Consolidated copper production is expected to average 153,000i tonnes per year over the next three years, representing a 16% increase from 2023 and demonstrating Hudbay's strong and stable operating portfolio with three long-life operations in...

at 07:30
AGF Investments Inc. (AGF Investments)  today announced the proposed termination of AGF Global Opportunities Bond ETF (ticker: AGLB), AGF Systematic Canadian Equity ETF (ticker: QCD) and AGF Systematic Emerging Markets Equity ETF (ticker: QEM) (each...

at 07:30
Bridgemarq Real Estate Services Inc. ("Bridgemarq" or the "Company") today released its annual consolidated financial results. HIGHLIGHTS Revenue for 2023 was $48.5 million compared to $49.9 million the prior year, due to weakness in the Canadian...

at 07:30
Hakluyt, the global strategic advisory firm for businesses and investors, recorded another period of robust financial growth in the year ending 30 June 2023, expanding its core advisory business while investing for the future. The firm's financial...

at 07:30
Vizcom, a company deploying AI to transform the future of industrial design, announced today that it has raised $20 million in Series A funding. The round was led by Index Ventures with participation from a high-profile roster of angel investors,...



News published on and distributed by: