 Royce Value Trust Announces Performance Data &
Portfolio Composition as of July 31, 2008
Royce & Associates, Inc.
New York, September 3, 2008 -- Royce Value Trust (RVT)
-- Oldest and largest small-cap closed-end fund
-- Average weekly trading volume of approximately 341,000 shares
-- Fund's adviser has more than 30 years of small- and micro-cap investment experience
Closing Prices - July 31, 2008
NAV $ 16.70
MKT $ 15.68
Total Return Performance
| Periods ended July 31, 2008 |
NAV |
MKT |
| 1 Month* |
1.33% |
0.00% |
| Year to Date* |
-10.50 |
-10.72 |
| One-Year |
-10.57 |
-11.53 |
| Three-Year Average Annual |
5.14 |
1.06 |
| Five-Year Average Annual |
11.45 |
9.83 |
| 10-Year Average Annual |
10.22 |
10.57 |
*Not Annualized
Portfolio Diagnostics
| Wtd. Average Market Cap: |
$1,151 million |
| Wtd. Average P/E Ratio: |
16.4* |
| Wtd. Average P/B Ratio: |
1.9x |
| Wtd. Average Portfolio Yield: |
1.3% |
| Net Assets Attributable to Common Stock: |
$1,351 million |
| Net Leverage: |
4% |
* The Fund'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. Alliance Bernstein |
1.7% |
| 2. Ritchie Bros. |
1.4 |
| 3. Lincoln Electric |
1.4 |
| 4. Ash Grove Cement Cl.B |
1.2 |
| 5. Woodward Governor |
1.2 |
| 6. Nordson Corp. |
1.1 |
| 7. PAREXEL Int'l |
1.1 |
| 8. SEACOR |
1.0 |
| 9. Peerless Manufacturing |
1.0 |
| 10. Sotheby's |
1.0 |
| Top Five Industries |
% of Net Assets |
| 1. Technology |
21% |
| 2. Industrial Products |
21 |
| 3. Industrial Services |
16 |
| 4. Financial Services |
13 |
| 5. Financial Intermediaries |
13 |
Recent Developments
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 the 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 www.roycefunds.com.
Click for more information on Royce & Associates or other Closed-End Funds
|
©1999-2008 Closed-End Fund Association, Inc. All Rights Reserved
 | | Powered by a SySys® data & content management system. Click here to learn more. |
|
|