RMT: A Unique Small-Cap CEF That Outperforms Its Index And Trades At A Discount

  • The Royce Micro Cap Trust offers unique exposure to U.S. micro-cap stocks, a segment with historically higher long-term returns but greater volatility. Active management has enabled the RMT fund to outperform the Russell Microcap Index over the past decade, though returns lag the S&P 500. The fund's 7.9% yield is fully covered by realized capital gains, and shares currently trade at a compelling 12.65% discount to NAV.