Royce Value Trust: Much To Like Except For One Thing

Aug. 12, 2022 11:04 AM ETRoyce Value Trust (RVT)HEI, ZD25 Comments


  • Royce Value Trust has a great management team with a long-term track record of beating the benchmark.
  • Royce Value Trust pursues an attractive strategy as the fund invests in small-cap value.
  • Very well-diversified portfolio that appears to tilt to quality value.
  • Royce Value Trust sports low fees and relatively low turnover.
  • There is one problem that's hard to overlook, which is the discount to net asset value of only ~3%.
  • Looking for more investing ideas like this one? Get them exclusively at Special Situation Report. Learn More »

Businessman holding virtual download icon progress for increasing value added to business product and service concept.

Dilok Klaisataporn

The Royce Value Trust (NYSE:RVT) is a closed-end fund ("CEF") that scours the small-cap universe for opportunities. It has a long-term track record of doing so successfully and has outperformed its benchmark in total and risk-adjusted returns. This also results in

Morningstar Sharpe ratio data

Morningstar Sharpe ratio data (Royce)

Data by YCharts

Data by YCharts

fees and expenses RVT

Fees and expenses RVT (Royce)

RVT top 20 holdings

RVT top 20 holdings (Royce)

RVT sector diversification

RVT sector diversification (Morningstar)

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This article was written by

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Special-Situation And Event-Driven Ideas To Improve Risk Adjusted Returns
15 years of investing and I feel like a rookie in his first year at the academy. My roots are in the value school but over time I've learned to respect different approaches. I'm interested in what quants do, options traders do, and even what WallStreetBets is doing (keep your friends close and...)

I gravitate towards special-situations. That means situations around companies or the market where the price can move in a certain direction based on a specific event or ongoing event. This eclectic and creative style of investing seems to suit my personality and interests most closely.

Since 2020 I host a podcast/videocast where I discuss (special-situation/event-driven) market events and investment ideas with top analysts, portfolio managers, hedge fund managers, experts, and other investment professionals. I highly recommend it (pick episodes around topics that interest you) for the amazing guests that come on with regularity.

I've been writing for Seeking Alpha since 2013 after playing p0ker professionally. In 2018 I founded Starshot Capital B.V. A Dutch AIF manager. Follow me on Twitter @Bramdehaas or email me Dehaas.Bram at Gmail

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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