Royce Value Trust (NYSE: RVT) as of January 31, 2007.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Royce Value Trust, Inc. (NYSE NYSE See: New York Stock Exchange : RVT RVT Royce Value Trust RVT Registered Veterinary Technician RVT Registered Vascular Technologist (American Registry of Diagnostic Medical Sonographers) RVT RV Trader (recreational vehicles) ): * Oldest and largest small-cap closed-end fund Closed-end fund An investment company that issues shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-end fund. * Average weekly trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. of approximately 307,000 shares * Fund's adviser has more than 30 years of small- and micro-cap investment experience Closing Prices - January 31, 2007 NAV 21.04 MKT $22.57 Total Return Performance Periods ended January 31, 2007 NAV MKT 1 Month* 2.04% 1.62% Year to Date* 2.04 1.62 One-Year 12.02 19.06 Three-Year Average Annual 15.26 17.99 Five-Year Average Annual 13.31 17.56 10-Year Average Annual 14.02 16.69 *Not Annualized Portfolio Diagnostics Wtd. Average Market Cap: $1,830 million Wtd. Average P/E Ratio: 20.2x* Wtd. Average P/B Ratio: 2.2x Wtd. Average Yield: 0.9% Net Assets Attributable to Common Stock: $1,424 million Net Leverage: 6% * The Fund's P/E ratio P/E ratio Current stock price divided by trailing annual earnings per share or expected annual earnings per share. Assume XYZ Co. sells for $25.50 per share and has earned $2.55 per share this year; $25.50 = 10 times $2.55. XYZ stock sells for ten times earnings. 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 Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. , applicable to common stock. Portfolio Composition Top 10 Positions % of Net Assets 1. AllianceBernstein Holding L.P. 2.3% 2. Ritchie Bros. Auctioneers 1.4 3. Sotheby's 1.3 4. SEACOR Holdings 1.3 5. Lincoln Electric Holdings 1.2 6. Newport Corporation 1.1 7. Universal Compression Holdings 1.0 8. Adaptec 1.0 9. Brady Corporation Cl. A 0.9 10. Ash Grove Cement Company Cl. B 0.9 Top Five Industries % of Net Assets 1. Technology 24% 2. Industrial Products 19 3. Industrial Services 14 4. Financial Intermediaries 12 5. Natural Resources 11 Recent Developments Royce Value Trust is a closed-end diversified management investment company whose shares of Common (RVT) and 5.90% Cumulative Preferred Stock Cumulative preferred stock Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: Non-cumulative preferred stock. (RVTprb) are listed and traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Its primary investment goal is long-term capital growth, which it seeks by investing at least 75% 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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