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Royce Micro-Cap Trust (MARKET: RMT | NAV: XOTCX)
Closed-End Fund
- NAV as of 8/7/2008 $11.40
- Daily NAV change
Management Team
Portfolio Managers
- Charles M. Royce
- 45 Years of Experience;
- 35 Years at Royce
Assistant Portfolio Managers
- Chris E. Flynn
- 24 Years of Experience;
- 15 Years at Royce
- Jenifer Taylor
- 20 Years of Experience;
- 6 Years at Royce
- James J. Harvey
- 16 Years of Experience;
- 10 Years at Royce
Top 10 Positions
| Share of Net Assets | |
|---|---|
| Pegasystems | 1.7% |
| ASA | 1.5% |
| Peerless Manufacturing | 1.4% |
| Seneca Foods Cl. B | 1.3% |
| Exponent | 1.3% |
| Dril-Quip | 1.2% |
| Pason Systems | 1.2% |
| GulfMark Offshore | 1.1% |
| Sapient Corporation | 1.1% |
| Weyco Group | 1.1% |
| Top 10 as % of Total | 12.9% |
Special Closed-End Fund Info
How to Puchase Shares
Overview of the DRIP Plan
What is Preferred Stock?
SEC Filings
Objective and Strategy
Royce Micro-Cap Trust is s closed-end fund that invests primarily in companies with market capitalizations less than $500 million. Due to this sector's size and limited research coverage, there is more opportunity to find pricing inefficiencies. Therefore, we believe that the potential for higher returns, commensurate with a higher level of risk, is greater than for any other sector of the domestic equity marketplace.
Performance
Average Annual Total Returns
| 2Q* | YTD* | 1YR | 3YR | |
|---|---|---|---|---|
| XOTCX | -1.21% | -11.70% | -18.64% | 5.62% |
| Russell 2000 | 0.58% | -9.37% | -16.19% | 3.79% |
| 5YR | 10YR | Since Incept | |
|---|---|---|---|
| XOTCX | 12.44% | 9.70% | 12.08% |
| Russell 2000 | 10.29% | 5.53% | N/A |
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. 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 normally invests micro-cap companies, which may involve considerably more risk than investing in a more diversified portfolio of larger-cap companies. The Russell 2000 is an unmanaged, capitalization-weighted index of domestic small-cap stocks. It measures the performance of the 2,000 smallest publicly traded U.S. companies in the Russell 3000 index.
Fund Statistics
| Symbol: Market Price | RMT |
|---|---|
| Symbol: NAV | XOTCX |
| Fund Net Assets (Attributable to Common Stock) | $345 million |
| Number of Holdings | 546 |
| Minimum Investment | n/a |
| Cusip Number | 780915104 |
| Inception Date | 12/14/1993 |
| Benchmark Index | Russell 2000 |
Growth of Hypothetical $10,000
Invested 12/14/1993
Capital Structure:
Publicly Traded Securities Outstanding at 3/31/08
24.6 Million Shares of Common Stock
|
6.00% Cumulative Preferred Stock
|
© Royce & Associates, LLC, 1414 Avenue of the Americas, New York, NY
10019, (800) 221-4268. All rights reserved. Distributor of The Royce
Fund and Royce Capital Fund: Royce Fund Services, Inc., a wholly owned
subsidiary of Royce & Associates. View our Policies & Procedures, including, among others, our Sarbanes-Oxley Code of Ethics, Privacy Policy and Proxy Voting Guidelines and Procedures.