Business & Finance
Business and Finance
Business and Finance
Wed, June 23, 2010
Tue, June 22, 2010 
NEW YORK--([ BUSINESS WIRE ])--Royce Value Trust (NYSE: RVT)
Closing Prices a" May 31, 2010 | ||||||
| NAV $13.44 | ||||||
| MKT $11.26 | ||||||
Total Return Performance | ||||||
Periods ended May 31, 2010 | NAV | MKT | ||||
| 1 Month* | -8.32% | -10.56% | ||||
| Year to Date* | 4.43 | 4.36 | ||||
| One-Year | 36.72 | 34.37 | ||||
| Three-Year Average Annual | -7.83 | -13.28 | ||||
| Five-Year Average Annual | 3.48 | -1.85 | ||||
| 10-Year Average Annual | 7.85 | 7.80 | ||||
| *Not Annualized | ||||||
Portfolio Diagnostics | ||
| Wtd. Average Geometric Mkt. Cap: | $1126 million | |
| Wtd. Average P/E Ratio: | 16.9* | |
| Wtd. Average P/B Ratio: | 1.8x | |
| Net Assets Attributable to Common Stock: | $1107 million | |
| Net Leverage: | 15.1 % | |
| ||
*The Funda™s P/E ratio calculation excludes companies with zero or negative earnings.
Net leverage is the percentage, in excess of 100%, of the total value of equity type investments, divided by net assets, applicable to common stock.
Portfolio Composition | ||
Top 10 Positions | % of Net Assets | |
| 1. Sothebya™s | 1.2% | |
| 2. Ash Grove Cement Cl. B | 1.0 | |
| 3. Alleghany Corp. | 0.9 | |
| 4. AllianceBernstein Holding L.P. | 0.9 | |
| 5. Sapient Corp. | 0.9 | |
| 6. Coherent | 0.9 | |
| 7. Simpson Manufacturing | 0.8 | |
| 8. Rofin Sinar Technologies | 0.8 | |
| 9. PAREXEL International | 0.8 | |
| 10. HEICO Corp. | 0.8 | |
Top Five Industries | % of Net Assets | |
| 1. Industrial Products | 23% | |
| 2. Technology | 20 | |
| 3. Industrial Services | 16 | |
| 4. Financial Services | 12 | |
| 5. Financial Intermediaries | 12 | |
Recent Developments
Royce Value Trust, Inc. has declared a cash dividend of $0.36875 per share on its Cumulative Preferred Stock, based on an annual rate of 5.90% of the initial liquidation preference of $25.00 per share. The dividend is to be paid on June 23, 2010 to stockholders of record at the close of business on June 7, 2010 (ex-dividend on June 3, 2010).
Royce Value Trust is a closed-end diversified management investment company whose shares of Common (RVT) and 5.90% Cumulative Preferred Stock (RVTprb) are listed and traded on the New York Stock Exchange. Its primary investment goal is long-term capital growth, which it seeks by investing at least 75% of its assets in equity securities primarily of small- and micro-cap companies.
Daily net asset values (NAVs) for Royce Value Trust are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XRVTX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at [ www.roycefunds.com ].
