Royce Micro-Cap Trust/$RMT

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About Royce Micro-Cap Trust

Royce Micro-Cap Trust Inc is a diversified closed-end investment company. The company is engaged in investing in micro-cap securities. It invests in the consumer discretionary sector including auto components, automobiles, diversified consumer services, hotels, restaurants and leisure, household durables, internet and catalog retail, leisure products, media, multiline retail, textiles, apparels, and luxury goods, Consumer staples sector including beverages, food, and staples retailing, food products, and personal products, Energy sector including energy equipment and services, and oil, gas, and consumable fuels. The company also invests in other sectors including healthcare, financials, industrials, IT, telecommunications, and materials.

Ticker

$RMT
Sector

Primary listing

NYSE

Employees

-

RMT Metrics

BasicAdvanced
$540M
12.97
$0.79
1.23
$0.76
7.02%

Bulls say / Bears say

In 2Q 2025, RMT declared a quarterly distribution of $0.18 per share fully funded by net realized long-term gains, with no return of capital, underscoring the sustainability of its managed payout (PRNewswire).
As of May 31, 2025, RMT achieved a five-year average annual NAV total return of 12.71%, demonstrating strong long-term outperformance in its micro-cap strategy (PRNewswire).
RMT’s portfolio showed robust recent recovery: in June 2025, NAV rose 8.32% vs market price up 7.89%, and year-to-date NAV gained 0.33% vs a –1.03% market decline, highlighting manager skill in capitalizing on micro-cap rebounds (PRNewswire).
Trading at a roughly 11.9% discount to NAV as of July 31, 2025, RMT’s shares remain deeply undervalued relative to its net asset value, reflecting persistent market skepticism and liquidity concerns (PRNewswire).
The fund’s total expense ratio of 1.22% as of December 31, 2024 is above the average for equity closed-end funds, which can materially erode net returns over time (CEF Connect).
For the fiscal year through May 31, 2025, RMT posted a cumulative NAV total return of –7.37%, indicating the portfolio has struggled to recover from earlier market pressures (PRNewswire)).
Data summarised monthly by Lightyear AI. Last updated on 4 Oct 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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