# Royce Micro-Cap Trust, Inc. (RMT): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rmt for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Passive Index · Inception: 1993-12-14 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. ## Key Facts | Metric | Value | |---|---| | Price | $12.77 | | Expense Ratio | 1.39% | | Assets Under Management | $671.6M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 6.81% | | Annual Distribution (TTM) | $0.87 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $9.52 – $14.78 | | Beta | 1.24 | ## Latest Distribution - Amount: $0.2300 /share - Ex-date: 2026-09-11 - Pay date: 2026-09-29 ## Frequently Asked Questions ### 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. ### Does RMT pay a dividend? Royce Micro-Cap Trust, Inc. (RMT) currently distributes little or no income. Trailing-twelve-month yield is 6.81%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does RMT pay dividends? Royce Micro-Cap Trust, Inc. pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is RMT's dividend yield? RMT's trailing-twelve-month yield is 6.81%, calculated from the sum of dividends over the past year divided by the current price. ### When is RMT's next ex-dividend date? The most recently announced ex-dividend date for RMT was 2026-09-11. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will RMT's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.39% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does RMT charge its expense ratio? The expense ratio is deducted in tiny daily slices from RMT's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does RMT cost more than a fund like VOO? RMT is a passive index fund (current expense ratio 1.39%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to RMT? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as RMT (1.39%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/rmt - Distribution history: https://www.dividenddata.com/funds/rmt/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rmt/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rmt/expenses - Peer comparison: https://www.dividenddata.com/funds/rmt/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.