Royce Micro-Cap Trust Reports Strong Mid-Year Performance

The fund closed the second quarter with a net asset value of $16.75 per share, while the market price settled at $14.64. Trading activity remained steady, with an average weekly volume of approximately 735,990 shares. These results reflect a broader trend for the fund, which has posted a 46.65% return year-to-date, bolstered by a portfolio currently managing $907.5 million in net assets.

Portfolio diagnostics reveal a strategic concentration in the industrial and technology sectors, which comprise 28.6% and 25.5% of net assets, respectively. Top holdings include companies such as Ichor Holdings and Ultra Clean Holdings, each representing 1.8% of the fund. While the fund maintains a diversified approach, it operates with a 2.6% net leverage, reflecting its strategy of seeking long-term capital growth through micro-cap equities. As with all closed-end investments, shares are subject to market fluctuations and may trade at a discount to their underlying net asset value.