Royce Value Trust

RVT

時価総額 $20.4億

Oldest and largest small-cap closed-end fund Average weekly trading volume of approximately 914,300 shares Fund's adviser has more than 50 years of small- and micro-cap investment experience NEW YORK, Sept. 30, 2026 /PRNewswire/ -- CLOSING PRICES AS OF 08/31/26 NAV 20.47 MKT 18.57   AVERAGE ANNUAL TOTAL RETURN AS OF 08/31/26 NAV (%) MKT (%) One-Month* -0.78 2.65 Year to Date* 19.89 19.51 One-Year 24.10 26.04 Three-Year 18.17 19.73 Five-Year 8.72 8.78 10-Year 12.23 12.91 *Not Annualized Important Performance and Expense Information All performance information reflects past performance, is presented on a total return basis, net of the Fund's investment advisory fee, and reflects the reinvestment of distributions.

The article presents a rigorously screened list of 10 top closed-end funds, or CEFs, for income investors, offering an average 10% plus yield and nearly a 6% NAV discount. Selections emphasize sector diversification, long-term outperformance, sustainable distributions, and attractive valuations, with a focus on both equity and credit-oriented CEFs. CEFs are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone.

NEOS ETFs offer high-yield, monthly income across diverse asset classes, avoiding large-cap tech exposure and enhancing portfolio diversification. Goldman Sachs' planned $2.25B acquisition of NEOS underscores the platform's rapid growth and innovation in options-based income ETFs. Five NEOS funds—NIHI, MLPI, IYRI, IWMI, and IAUI—provide yields from 9.7% to 14.5%, with strategies tailored to international, MLP, real estate, small cap, and gold assets.

Inspired by the horse race in the 2026 Palio di Siena, I made a financial move that I hope will be just as clever as the knight's move in chess. I decided to close out two positions in my Cupolone portfolio that I wasn't entirely convinced about, raising cash to reinvest when the opportunity arises. The purpose of this move is to use this liquidity in securities with better overall NAV performance and a greater likelihood of long-term success.

NEW YORK, Sept. 1, 2026 /PRNewswire/ -- Royce Small-Cap Trust, Inc. (NYSE: RVT) has declared a quarterly distribution of $0.33 per share on its Common Stock.

Oldest and largest small-cap closed-end fund Average weekly trading volume of approximately 1,813,842 shares Fund's adviser has more than 50 years of small- and micro-cap investment experience NEW YORK, Aug. 25, 2026 /PRNewswire/ -- CLOSING PRICES AS OF 07/31/26 NAV 20.63 MKT 18.09 AVERAGE ANNUAL TOTAL RETURN AS OF 07/31/26 NAV (%) MKT (%) One-Month* -2.73 -2.06 Year to Date* 20.83 16.42 One-Year 31.81 29.90 Three-Year 17.43 17.36 Five-Year 9.11 8.92 10-Year 12.45 12.64 *Not Annualized Important Performance and Expense Information All performance information reflects past performance, is presented on a total return basis, net of the Fund's investment advisory fee, and reflects the reinvestment of distributions. Past performance is no guarantee of future results.

The "Base + Commission" Portfolio: Combining fixed-rate debt and preferreds with formulaic, NAV-linked variable CEFs creates a solid baseline of income with automated upside during bull markets. RVT's quarterly payout is tracking up from $0.31 to $0.33 in September, with additional regular and special year-end dividend upside in play. HQH's September payout is set to reach $0.66 per share – its highest single quarterly distribution since 2015 – with strong potential for a year-end special distribution.

A note is the basic element of musical language: each one represents a sound, and through their combination music takes shape. As with notes on a staff, infinite are the combinations of financial instruments through which investors' portfolios take shape. My current portfolio consists of 28 securities that play a music generated by the flow of dividends against the backdrop of a rising NAV for most of them.

NEW YORK, July 23, 2026 /PRNewswire/ -- Oldest and largest small-cap closed-end fund Average weekly trading volume of approximately 1,965,812 shares Fund's adviser has more than 50 years of small- and micro-cap investment experience CLOSING PRICES AS OF 06/30/26 NAV 21.21 MKT 18.47 AVERAGE ANNUAL TOTAL RETURN AS OF 06/30/26 NAV (%) MKT (%) One-Month* 6.24 1.23 Year to Date* 24.23 18.86 One-Year 38.11 33.77 Three-Year 20.21 19.83 Five-Year 9.44 8.62 10-Year 13.31 13.75 *Not Annualized   Important Performance and Expense Information All performance information reflects past performance, is presented on a total return basis, net of the Fund's investment advisory fee, and reflects the reinvestment of distributions. Past performance is no guarantee of future results.

At a CAPE ratio exceeding 41, S&P 500 valuations sit at extreme historical levels, setting up low long-term forward returns for cap-weighted indexes. Monthly living expenses continue regardless of market drawdowns; retirement requires predictable cash flow, not volatile paper valuations. During bull markets, cash flow is a convenience; during market crashes, uncallable dividend income becomes a vital necessity.