Royce Value Trust (NYSE: RVT) As Of October 31, 2010

Royce Value Trust (NYSE: RVT):
  • Oldest and largest small-cap closed-end fund
  • Average weekly trading volume of approximately 341,000 shares
  • Fund’s adviser has more than 35 years of small- and micro-cap investment experience

Closing Prices – October 31, 2010

NAV   $15.01MKT   $12.73

Total Return Performance
           

Periods ended October 31, 2010

NAV

MKT
 
Month* 4.45% 4.86%
Year to Date* 16.63 17.98
One-Year 29.06 31.51
Three-Year Average Annual -4.88 -6.25
Five-Year Average Annual 4.00 -1.06
10-Year Average Annual 7.95 8.04

*Not Annualized

Portfolio Diagnostics
     
 
Wtd. Average Geometric Mkt. Cap: $1237 million
Wtd. Average P/E Ratio:

 16.7*
Wtd. Average P/B Ratio:

 1.8x
Net Assets Applicable to Common Stock:

$1211 million
Net Leverage:

 7.6 %

*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. Sotheby’s 1.1%
2. Sapient Corp. 1.0
3. SEACOR Holdings 1.0
4. HEICO Corp. 0.9
5. Rofin-Sinar Technologies 0.9
6. Coherent 0.9
7. Alleghany Corp. 0.9
8. Oil States International 0.9
9. Nordson Corp. 0.8
10. SEI Investments 0.8
 

Top Five Industries

% of Net Assets
1. Industrial Products 23%
2. Technology 20
3. Industrial Services 14
4. Natural Resources 12
5. Financial Services 11

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 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.

Copyright Business Wire 2010

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