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Royce Micro-Cap Trust (NYSE: RMT) As Of  October 31, 2012

Stocks in this article: RMT

Royce Micro-Cap Trust (NYSE: RMT):

Closing Prices October 31, 2012
     

NAV

$ 10.52

MKT

$ 9.11

 
       

Total Return Performance

Periods ended October 31, 2012

NAV

MKT

 

1 Month*

-2.14%

-3.60%

Year to Date*

11.24

8.30

One-Year

10.74

12.42

Three-Year Average Annual

13.18

14.64

Five-Year Average Annual

-0.40

-1.05

10-Year Average Annual

10.37

9.86
 
*Not annualized
 

Portfolio Diagnostics

   
 
Wtd Average Geometric Market Cap:

$330 million

Wtd. Average P/E Ratio: 16.1x*
Wtd. Average P/B Ratio: 1.4x
Net Assets Applicable to Common Stock: $365 million
Net Leverage: 9.7%
 

*Excludes 21% of portfolio holdings with zero or negative earnings as of 10/31/12.

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. Kennedy-Wilson Holdings 2.2%
2. Integrated Electrical Services 1.9
3. Epoch Holding Corp. 1.6
4. Quaker Chemical 1.4
5. Computer Task Group 1.3
6. Advisory Board (The) 1.3
7. Seneca Foods Cl. B 1.3
8. America’s Car-Mart 1.3
9. Sapient Corp. 1.2
10. Richardson Electronics 1.2
 

Top Five Sectors

 

 

 

% of Net Assets

1. Industrials 29%
2. Information Technology 24
3. Financials

20

4. Consumer Discretionary 12
5. Materials

10

 

Recent Developments

The Board of Directors Royce Micro-Cap Trust, Inc. has approved the redemption of all of the Fund’s outstanding 6.00% Cumulative Preferred Stock (RMTpra) on November 15, 2012. A senior secured credit facility provided by a financial institution will be used to redeem and replace a portion of the outstanding Preferred Shares.

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