The fund, which leverages over 50 years of investment experience in the micro-cap sector, recorded a net asset value (NAV) of $15.30 per share against a market price of $13.62 at the close of July. While the one-month performance dipped, the three-year and five-year annualized returns stand at 23.20% and 11.79% respectively on a market price basis. Investors should note that performance reflects total returns net of advisory fees, with market prices subject to fluctuation.

Portfolio diagnostics reveal a geometric average market capitalization of $937.4 million, supported by a weighted average price-to-book ratio of 2.2x. The fund’s holdings are concentrated in the industrials and information technology sectors, which comprise 25.7% and 21.6% of net assets. Top positions include Lindblad Expeditions Holdings and Graham Corporation. Royce Micro-Cap Trust continues to trade on the New York Stock Exchange, with daily NAV updates available via the ticker XOTCX.