Royce Small-Cap Trust posts 38.11% NAV gain
Royce’s closed-end funds focus on small-cap and micro-cap equities, guided by an adviser with more than 50 years of experience, while stressing that past performance is not indicative of future results and that risks include volatility and potential foreign exposure. The funds report metrics such as geometric and harmonic averages and price ratios (P/E and P/B), with June 30, 2026 positioning and holdings described for NYSE-listed trusts.