Royce Value Trust

RVT

Market cap $2.19B

The risk-return tradeoff is the financial principle according to which potentially higher returns require accepting higher risk. Risk is the potential for monetary loss or default stemming from market volatility, excessive debt, or unexpected economic downturns. When it comes to volatility, the main culprit is often leverage—the use of borrowed money to fund investments with the goal of multiplying returns.

Royce Small-Cap Trust is rated Buy for 2026, driven by small-cap recovery, strong NAV performance, and a double-digit discount to NAV. RVT's actively managed, diversified small-cap portfolio outperformed the Russell 2000 in most downturns and is overweight sectors benefiting from reshoring and infrastructure trends. The fund's ~13% discount to NAV and 7% managed distribution offer a compelling entry, but distributions are variable and not bond-like income.

NEW YORK, June 24, 2026 /PRNewswire/ --  Oldest and largest small-cap closed-end fund Average weekly trading volume of approximately 773,762 shares Fund's adviser has more than 50 years of small- and micro-cap investment experience CLOSING PRICES AS OF 05/31/26 NAV 20.31 MKT 18.56 AVERAGE ANNUAL TOTAL RETURN AS OF 05/31/26 NAV (%) MKT (%) One-Month* 2.06 0.87 Year to Date* 16.94 17.41 One-Year 35.93 36.51 Three-Year 21.12 23.57 Five-Year 8.10 8.50 10-Year 12.64 13.61 *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.

Always build your portfolio around your unique lifestyle goals—don't end up standing on a beach in snow pants. Mimicking ultra-wealthy founders is dangerous. Billionaires have completely different financial goals, skills, and timelines than retirees. Warren Buffett's empire relies on controlling operating companies and a massive Treasury bill hoard, not simple stock-picking.

NEW YORK, June 1, 2026 /PRNewswire/ -- Royce Small-Cap Trust, Inc. (NYSE-RVT) has declared a quarterly distribution of $0.31 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock, or in cash by specific stockholder election, is to be paid on June 29, 2026, to stockholders of record at the close of business on June 11, 2026 (ex-dividend on June 11, 2026).

Dividend investing provides a consistent income stream, beneficial for those seeking passive income, while growth stocks may require selling shares to realize gains. Seeking dividend income does not rule out focusing on the growth of the portfolio's nominal value, thanks to many funds that see their NAV grow over time. These securities offer a dual advantage: immediate returns through regular, periodic distributions, and capital appreciation through long-term NAV increase.

Large-caps are trading at a staggering 20.8x P/E, a dangerous valuation disconnect last seen in 2001. Without valuation expansion over the last 15 years, the S&P 500 would be 33% lower. Small and mid-caps are locked in at a historically reasonable and highly attractive 16x P/E.

NEW YORK, May 20, 2026 /PRNewswire/ --  Oldest and largest small-cap closed-end fund Average weekly trading volume of approximately 885,839 shares Fund's adviser has more than 50 years of small- and micro-cap investment experience CLOSING PRICES AS OF 04/30/26 NAV 19.90 MKT 18.40 AVERAGE ANNUAL TOTAL RETURN AS OF 04/30/26 NAV (%) MKT (%) One-Month* 10.01 10.84 Year to Date* 14.58 16.40 One-Year 42.25 44.16 Three-Year 19.82 22.22 Five-Year 7.79 8.61 10-Year 12.57 13.52 *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.

NEW YORK, May 4, 2026 /PRNewswire/ -- Oldest and largest small-cap closed-end fund Average weekly trading volume of approximately 1,197,609 shares Fund's adviser has more than 50 years of small- and micro-cap investment experience CLOSING PRICES AS OF 03/31/26 NAV 18.09 MKT 16.60 AVERAGE ANNUAL TOTAL RETURN AS OF 03/31/26 NAV (%) MKT (%) One-Month* -5.85 -7.91 Year to Date* 4.15 5.01 One-Year 27.47 27.41 Three-Year 15.20 16.33 Five-Year 6.63 7.30 10-Year 11.72 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.

Dividend strategies aim to generate steady streams of passive income over time. At the same time, they should not neglect capital growth, so demonstrating that dividend payouts do not erode their underlying value over the long term. A significant portion of my holdings currently show a positive NAV performance since their launch, which remains for me an equally important goal for the long run.