Loading...
RGT

Royce Global Trust, Inc.NYSE:RGT Stock Report

Market Cap US$92.3m
Share Price
n/a
1Y17.9%
7D-1.3%
1D0.1%
Portfolio Value
​
View

Royce Global Trust, Inc.

NYSE:RGT Stock Report

Market Cap: US$92.3m

Royce Global Trust (RGT) Stock Overview

Royce Global Trust, Inc. is domiciled in the United States. More details

RGT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

RGT Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

View all narratives

Royce Global Trust, Inc. Competitors

 
 
 
 
 
 
 
 
 
 
 
 

Price History & Performance

Summary of share price highs, lows and changes for Royce Global Trust
Historical stock prices
Current Share PriceUS$14.18
52 Week HighUS$14.99
52 Week LowUS$11.88
Beta0
1 Month Change-2.14%
3 Month Change6.12%
1 Year Change17.87%
3 Year Change53.13%
5 Year Change-6.34%
Change since IPO66.04%

Recent News & Updates

Seeking Alpha • Mar 17

Royce Global Trust Manager FY 2025 Commentary

Summary The Fund gained 23.2% on a net asset value basis and 24.1% on a market price basis in 2025, outperforming its benchmark, the MSCI ACWI Small Cap Index, which was up 19.7% for the same period. The Fund also beat the global small-cap index on an NAV and market price basis for the 3- and 10-year periods ended 12/31/25. At the end of December, the Fund’s biggest sector weights were Financials, Industrials, and Materials, each overweighted versus the MSCI ACWI Small Cap. Read the full article on Seeking Alpha
Seeking Alpha • May 23

RGT: Global Exposure With A Tilt Toward Small-Caps

Summary Royce Global Trust provides exposure to a globally diversified equity portfolio with a focus on small-cap companies. RGT trades at a rather wide discount, but relative to its historical levels, it doesn't look like too much of a deal today. RGT's performance has been mixed compared to its benchmark, but it could be an option for investors seeking some diversification. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Mar 17

Royce Global Trust Manager FY 2025 Commentary

Summary The Fund gained 23.2% on a net asset value basis and 24.1% on a market price basis in 2025, outperforming its benchmark, the MSCI ACWI Small Cap Index, which was up 19.7% for the same period. The Fund also beat the global small-cap index on an NAV and market price basis for the 3- and 10-year periods ended 12/31/25. At the end of December, the Fund’s biggest sector weights were Financials, Industrials, and Materials, each overweighted versus the MSCI ACWI Small Cap. Read the full article on Seeking Alpha
Seeking Alpha • May 23

RGT: Global Exposure With A Tilt Toward Small-Caps

Summary Royce Global Trust provides exposure to a globally diversified equity portfolio with a focus on small-cap companies. RGT trades at a rather wide discount, but relative to its historical levels, it doesn't look like too much of a deal today. RGT's performance has been mixed compared to its benchmark, but it could be an option for investors seeking some diversification. Read the full article on Seeking Alpha
Seeking Alpha • Feb 15

RGT: Disappointing Small Cap Equity CEF

Summary Royce Global Value Trust is an equities CEF. The fund focuses on international small capitalization stocks. The vehicle has a managed distribution plan, but has failed to beat simple ETFs in the space on 5- and 10-year lookback periods. The CEF is trading with a discount to NAV, but has done so in the past 10 years due to its chronic laggard total return. This article covers CEFs and related analytics. Thesis Royce Global Value Trust (RGT) is an equities CEF. As per its literature, the fund is: A closed-end fund dedicated to investing in both U.S. and non-U.S. small-cap stocks. • Core approach that offers wide exposure to both U.S. and non-U.S. small/mid-cap stocks (generally market caps up to $10 billion). • A fundamentally rooted approach that emphasizes valuation and company quality The vehicle therefore aims to extract dividends from small and mid-cap stocks, both in the U.S. and internationally. Currently the fund is overweight U.S. names which comprise 43% of the portfolio. Canadian and UK stocks are the next largest concentrations. The fund has a granular build, with a diversified portfolio, dominated by Industrials and Financials. From a performance standpoint this is where the fund disappoints - the vehicle is unable to outperform simple ETFs in the sector, and ultimately does not coherently justify its existence. The market is punishing the name by trading it at a -14% discount to net asset value, and we can see that historically it has always done so. Expect the discount to persist until the CEF can consistently outperform simple instruments in the international small cap space. There is not much to like about this fund currently. It does have a managed distribution plan which consistently pays out cash, but without a performance behind it the cash can sometimes be just overwhelmingly ROC. There are much better alternatives in the international small cap arena currently, so new money should steer away from this name. Holdings The fund is overweight U.S. stocks: Country Distribution (Fund Fact Sheet) We can see that the CEF is currently overweight U.S. names, followed by only two jurisdictions with buckets above 10%, namely Canada and the U.K. The fund is heavily concentrated in Industrials: Sectors (Fund Fact Sheet) Financials and Information Technology are the next largest sectors in this name. From a single name perspective, below are the fund's top exposures: Top Holdings (Fund fact sheet) We can note that the fund is fairly granular, without any name representing more than 5% of the portfolio. In effect most stocks do not pass the 3% holding threshold. Performance The fund is down over -12% in the past year: Total Return (Seeking Alpha) The fund is a laggard on a 5-year time frame as well: Total Return (Seeking Alpha) When looking at total returns on a 10-year look-back period we can clearly notice a substantial underperformance in the fund: Total Return (Seeking Alpha) Premium/Discount to NAV The market has rewarded this CEF's underperformance with a healthy discount to net asset value: Discount to NAV (Morningstar)
Seeking Alpha • Sep 02

RGT: One Fund For Global Value Stocks Not Best Strategy

Summary The Royce Global Value Trust offers wide exposure to both U.S. and non-U.S. small/mid-cap Value stocks; generally with market caps up to $10b. The article includes and compares data for RGT's targeted stocks against other possible equity choices. I find that Value is a plus; International a negative. My analysis says if you want Value stocks, use separate funds so you control the allocation. For International Value, Small-Cap does seem the place to invest. Use AVDV for that. (This article was co-produced with Hoya Capital Real Estate) Introduction Is it time for Value stocks, and in the case of the Royce Global Value Trust (RGT), with its mostly Small-Cap Value stock anywhere on earth focus? Since the COVID recovery started, US Small-Cap have been the best Value stocks as measured by CAGR and the Sortino ratio; almost by the Sharpe ratio too. PortfolioVisualizer.com PortfolioVisualizer doesn't breakdown International Value by market-cap but overall, non-US Value was the poorest performing group. The above shows US Small-Caps were the place to be for Value stocks. The next data set compares those stocks against other equity investment choices. PortfolioVisualizer.com Here we see that Small-Cap Value outperformed the total US market and total Small-Cap stocks. On the International side, Value was better than the overall International market but trailed US stocks by a wide margin. Royce Global Value Trust review Seeking Alpha describes this CEF as: Royce Global Value Trust, Inc. was a closed ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets across the globe. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small-cap and micro-cap companies. At least 65% of its net assets in the equity securities of companies located in at least three countries outside of the United States, with long-term growth of capital as the main objective. RGT benchmarks against the MSCI ACWI SC Index. RGT started in 2013. Source: seekingalpha.com RGT RGT has $69m in assets and comes with a 174bps fee. Recent leverage was under 6%. Distributions occur at year-end only and vary based on capital gains available as investment income for payouts has never climbed above $.15. While RGT is actively managed, resulting in a 52% turnover rate in 2021, it has chosen to benchmark against the MSCI ACWI SC Index and not the MSCI ACWI SC Value Index. In reality, since 2000, the indices differ by 5bps in favor of the Value index. Since RGT doesn't actually invest based on the Index, I left out its analysis but here is a link for those interested. Holdings review This first chart, Morningstar's Style box, aligns RGT more as a Growth fund than Value fund. RGT holds about 120 stocks. Morningstar.com The Weight map confirms that finding and brings into question how well RGT stays within its mandate, both for market-Cap and Value stocks. Morningstar.com Royce provided some basic portfolio data points as of 6/30/22. royceinvest.com The country allocations from the same time are: Morningstar.com With 54% of the portfolio non-US, the initial charts showing the poor returns for international stocks is of some importance. Europe is the largest region outside of North America, with Africa/Middle East next. Only about 12% is spread across the Asia/Pacific region. The sector data is more recent, from 7/31/22. Royceinvest.com Sector diversification is limited with the Top 3 accounting for almost 75% of the allocation. Top 20 holdings royceinvest.com; compiled by Author To have more details, I used the 6/30/22 data, not the 7/31/22 data. The top holdings reflect the same stocks but different weights from the July data. As mentioned earlier, in 2021 RGT experienced a 52% turnover ratio, equivalent to owning every stock for only six months! Distribution review As mentioned above, distributions are each December. RoyceInvest.com RGT generates little income for distributions and was the sole source of its distributions most years. Both 2020 and 2021 had a capital gain payout and 2019 for ROC (very small). Not a CEF for income investors for sure! Unlike its sister CEFs, RGT does not have a Managed Distribution Policy. Price, NAV and CAGR review RGT data by YCharts The first set of charts shows how investors did depending on what they did with the payouts. dividendchannel.com Thanks to the recent price drop in RGT, investors who took all the payouts since inception had a CAGR of 5.62% compared to only 4.77% for those who reinvested the payouts. With 450 more shares held, re-investors will do better when RGT rallies. The next chart shows the relationship between Price and NAV since inception. cefconnect.com RGT The current discount is 11.3%. While deeper than recent levels, prior to 2020, that would have been seen as a small discount. The potential is there for investors to get a "bump up", but with RVT showing the same pattern, odds are not in the investors favor as I see it. Portfolio strategy So the dilemma seems to be yes to Value, no to International, which means a split decision on RGT. Here are some options for investors who want global exposure to Value stocks. Find a better Global SC Value fund PortfolioVisualizer.com The Gabelli Global Small and Mid Cap Value Trust (GGZ) mirrors RGT, though with more Mid-Cap weight yet comes up with similar results in both returns and risk data. Other Global Value funds invested little in the Small-Cap space. For the next two choices, I set the percent allocation between US/INTL stocks to match the 45/55% split currently held by RGT. Combine US-only and INTL-only SC Value funds Some of the best I have reviewed is the Avantis International Small Cap Value ETF (AVDV) and the iShares S&P Small-Cap 600 Value ETF (IJS). Royce also has a US-only SCV CEF, the Royce Value Trust (RVT). Under this option, the investor can set the percentage split between US and INTL Value stocks. Two examples are provided along with 100% RGT allocation.

Shareholder Returns

RGTUS Capital MarketsUS Market
7D-1.3%-5.8%0.3%
1Y17.9%-0.7%19.9%

Return vs Industry: RGT exceeded the US Capital Markets industry which returned 0.7% over the past year.

Return vs Market: RGT underperformed the US Market which returned 19% over the past year.

Price Volatility

Is RGT's price volatile compared to industry and market?
RGT volatility
RGT Average Weekly Movement2.4%
Capital Markets Industry Average Movement3.8%
Market Average Movement7.3%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: RGT has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: RGT's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1986n/an/an/a

Royce Global Trust, Inc. is domiciled in the United States.

Royce Global Trust, Inc. Fundamentals Summary

How do Royce Global Trust's earnings and revenue compare to its market cap?
RGT fundamental statistics
Market capUS$92.31m
Earnings (TTM)US$0
Revenue (TTM)n/a
n/a
P/E Ratio
n/a
P/S Ratio

Is RGT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RGT income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$0
EarningsUS$0

Last Reported Earnings

n/a

Next Earnings Date

n/a

Earnings per share (EPS)0
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did RGT perform over the long term?

See historical performance and comparison

Dividends

1.3%
Current Dividend Yield
n/a
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/29 04:07
End of Day Share Price 2026/06/29 00:00
EarningsN/A
Annual EarningsN/A

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Royce Global Trust, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.