Royce Micro-Cap Trust, Inc.

Frequently Asked Questions About RMT

What does RMT invest in?

Royce Micro-Cap Trust, Inc. is a closed-ended equity mutual fund launched and managed Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies with market capitalization of less than $500 million. The fund benchmarks the performance of its portfolios against Russell 2000 Index. Royce Micro-Cap Trust, Inc was formed on December 14, 1993 and is domiciled in the United States.

What is the expense ratio of RMT?

Royce Micro-Cap Trust, Inc. (RMT) charges an expense ratio of 1.39%. This is the annual fee deducted from fund assets to cover management and operations.

How big is RMT?

Royce Micro-Cap Trust, Inc. (RMT) manages $671.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is RMT actively managed or an index fund?

RMT is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (RMT's is 1.39%) because there's no security selection cost.

When was RMT launched?

Royce Micro-Cap Trust, Inc. (RMT) launched in December 1993 and is managed by the fund issuer.

How has RMT performed?

RMT's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.