Royce Value Trust (NYSE: RVT) As Of  February 29, 2012

Royce Value Trust (NYSE: RVT):

Closing Prices – February 29, 2012
 
NAV $16.09
MKT $14.13

Total Return Performance
   

Periods ended February 29, 2012

NAV

MKT
 
Month* 3.87% 4.98%
Year to Date* 13.47 15.16
One-Year -2.77 -1.81
Three-Year Average Annual 35.01 34.92
Five-Year Average Annual 1.41 -2.96
10-Year Average Annual 7.32 6.51
 
*Not Annualized

Portfolio Diagnostics
 
 
Wtd. Average Geometric Mkt. Cap: $1461 million
Wtd. Average P/E Ratio: 15.7*
Wtd. Average P/B Ratio: 1.8x
Net Assets Applicable to Common Stock: $1317 million
Net Leverage: 11.8 %
 

*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. Coherent 1.0%
2. HEICO Corp. 0.9
3. Nordson Corp. 0.9
4. Oil States International, Inc. 0.8
5. Alleghany Corp. 0.8
6. Carter’s Inc. 0.8
7. Cognex Corp. 0.8
8. Lincoln Electric Holdings, Inc. 0.7
9. Lazard, Ltd. 0.7
10. Advisory Board Co. (The) 0.7
 

Top Five Sectors

% of Net Assets
1. Industrials 28%
2. Information Technology 23
3. Financials 21
4. Consumer Discretionary 14
5. Materials 11

Recent Developments

Royce Value Trust, Inc. (NYSE - RVT) has declared a quarterly distribution of $0.19 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock, or in cash by specific stockholder election, is to be paid on March 23, 2012 to stockholders of record at the close of business on March 6, 2012 (ex-dividend on March 2, 2012). The price of shares issued for reinvestment will be determined on March 13, 2012. Royce Value Trust currently has a quarterly distribution policy for Common Stockholders, at the annual rate of 5%.

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