Royce Value Trust (NYSE: RVT) As Of June 30, 2013

Royce Value Trust (NYSE: RVT):

Closing Prices – June 30, 2013
NAV $16.88
MKT $15.16

Total Return Performance

Periods ended June 30, 2013


Month* -1.42% -1.40%
Year to Date* 12.42 15.86
One-Year 24.64 28.83
Three-Year Average Annual 16.17 18.46
Five-Year Average Annual 6.24 5.02
10-Year Average Annual 9.35 7.72
*Not Annualized

Portfolio Diagnostics
Wtd. Average Geometric Mkt. Cap: $1590 million
Wtd. Average P/E Ratio: 17.3*
Wtd. Average P/B Ratio: 1.8x
Net Assets: $1200 million
Net Leverage: 7%

*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.

Portfolio Composition

Top 10 Positions

% of Net Assets
1. Carter’s 1.2%
2. PAREXEL International 1.0
3. Coherent 1.0
4. Lincoln Electric Holdings 1.0
5. Reliance Steel & Aluminum 1.0
6. E-L Financial 0.9
7. Federated Investors Inc. 0.9
8. HEICO Corp. 0.9
9. On Assignment 0.8
10. Ethan Allen Interiors 0.8

Top Five Sectors

% of Net Assets
1. Industrials 29%
2. Information Technology 22
3. Financials 18
4. Consumer Discretionary 15
5. HealthCare 8

Recent Developments

The Board of Directors of Royce Value Trust, Inc. has approved, subject to stockholder approval, the contribution of approximately $100 million of RVT’s assets to a newly formed non-diversified, closed-end investment company. All of such investment company’s common stock would then be distributed to the common stockholders of RVT. There is no assurance that stockholder approval will be obtained.

If you liked this article you might like

Resist Hopping the Small-Cap Bandwagon

The Lazy Man's Way to Great Returns

Stash Cash and Suffer Holding Penalties

Stash Cash and Suffer Holding Penalties

Valuable Tips for Playing the Value Trend

Valuable Tips for Playing the Value Trend

3 Stocks Going Ex-Dividend Tomorrow: VKI, RVT, CHS