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RVTBullishIndustry Newsnews
High materiality7/10

Royce Small-Cap Trust reports NAV and discount to market as of July 31, 2026

Aug 25, 2026, 2:15 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

A meaningful NAV discount (NAV 20.63 vs. price 18.09; ~12%) creates a near-term upside potential if the discount narrows, aided by liquidity (1.81M avg weekly volume) and a long-tenured adviser pedigree. Historical CEF patterns show discounts often tighten during favorable small-cap/CEE environments, providing a catalyst for RVT’s price convergence toward NAV.

AI summary

What happened, with direct paths to the underlying reporting

Royce Small-Cap Trust released its as-of date NAV and performance data for 07/31/2026, showing a NAV of 20.63 with a market price of 18.09, indicating a meaningful discount to NAV. The report emphasizes a long track record and a portfolio concentrated in small- and micro-cap names, managed by an adviser with over 50 years of experience. The key takeaway is potential upside if the fund’s discount to NAV narrows in the near term.

  • Royce Small-Cap Trust is the oldest and largest small-cap closed-end fund.
  • NAV as of 07/31/26: 20.63; market price: 18.09.
  • One-month NAV return -2.73%; market -2.06%.
  • Top 10 positions include IES Holdings at 3.6% of net assets.
  • Average weekly volume ~1,813,842 shares; adviser has 50+ years experience.

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