Royce Value Trust (NYSE:RVT) As Of October 31, 2013

Royce Value Trust, Inc. (NYSE:RVT):
 

Closing Prices – October 31, 2013
 
NAV     $17.56
MKT $15.27
 

Total Return Performance

Periods ended October 31, 2013
           

NAV
     

MKT
 
Month* 2.95% 2.42%
Year to Date* 27.93 27.66
One-Year 35.03 34.01
Three-Year Average Annual 14.04 15.00
Five-Year Average Annual 18.48 17.31
10-Year Average Annual 9.09 7.24
 
*Not Annualized
 

Portfolio Diagnostics
           
 
Wtd. Average Geometric Mkt. Cap: $2741million
Wtd. Average P/E Ratio: 20.3*
Wtd. Average P/B Ratio: 2.0x
Net Assets: $1255 million
Net Leverage: 2.5%
 

*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. HEICO Corp. 1.1%
2. Tejon Ranch Co. 1.0
3. LKQ Corp. 1.0
4. E-L Financial Corp. 1.0
5. On Assignment, Inc. 0.9
6. The Advisory Board Co. 0.9
7. Reliance Steel & Aluminum 0.9
8. Wabtec Corp. 0.9
9. Coherent, Inc. 0.8
10. Telephone & Data Systems 0.8
 

Top Five Sectors

% of Net Assets
1. Industrials 30%
2. Information Technology 20
3. Financials 16
4. Consumer Discretionary 14
5. Health Care 7
 

Recent Developments

The spin-off of Royce Global Value Trust, Inc. (NYSE:RGT) , a newly organized, diversified, closed-end fund from Royce Value Trust, Inc. was completed on October 18, 2013 at a ratio of one (1) share of Royce Global Value Trust common stock for every seven (7) shares of Royce Value Trust common stock owned.

Royce Value Trust is a closed-end diversified management investment company whose shares of Common Stock (RVT) 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 65% 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.

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