Royce Small-Cap Trust Reports August 2026 NAV and Market Price
RVT's NAV stood at $20.47 against a market price of $18.57 as of August 31, 2026, reflecting a discount typical of closed-end funds.
Royce Small-Cap Trust (NYSE: RVT), the oldest and largest small-cap closed-end fund in the United States, reported a net asset value of $20.47 per share against a market closing price of $18.57 as of August 31, 2026, according to a disclosure released September 30, 2026.
The gap between NAV and market price — a common feature of closed-end funds — indicates shares were trading at a discount to the underlying portfolio value. Investors in closed-end funds can purchase assets at below-NAV prices but are also exposed to the risk that discounts widen over time.
Read more Royce Micro-Cap Trust Reports August 2026 Performance Data →
The fund's adviser brings more than 50 years of specialized experience managing small- and micro-cap equities, a segment of the market historically characterized by higher volatility but also greater long-term return potential compared with large-cap peers. RVT's average weekly trading volume of approximately 914,300 shares underscores its relative liquidity within the closed-end fund universe.
Small-cap stocks have faced a complex environment heading into late 2026, with interest rate uncertainty and tighter credit conditions weighing on smaller companies that typically carry more floating-rate debt than their large-cap counterparts. RVT's scale and the adviser's tenure position it as a closely watched barometer for institutional sentiment toward the small-cap asset class.
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