In plain terms — Royce Global Trust
Shares currently cost about 17.1% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 14.9% discount, so today's level is somewhat wide for this fund (Z-score -1.7). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 1.3% a year of the share price (1.1% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.21 of assets — a ReinvestCapture™ rate of 1.6%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 17.5% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -14.95% | 1.30% | -2.07 | 64 |
| 6 months | -15.23% | 1.09% | -2.23 | 126 |
| 1 year | -14.93% | 1.57% | -1.74 | 250 |
| 3 years | -14.33% | — | — | — |
| 5 years | -13.66% | — | — | — |
Current contemporaneous premium/discount -17.65% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -17.65% to -1.72%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -2.36% | -3.50% | +7.40% | +9.32% | +18.72% | -1.99% |
| Market price total return | -2.36% | -3.50% | +7.40% | +10.94% | +21.57% | +3.24% |
| NAV return | +0.41% | +0.06% | +12.99% | +16.04% | +18.95% | +0.35% |
| NAV total return | +0.41% | +0.06% | +12.99% | +17.48% | +21.40% | +5.00% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The Royce Global Value Trust, Inc. (RGT) operated as a closed-end equity investment vehicle, established and managed by Royce & Associates, LLC. Its strategy involved allocating capital to publicly traded companies across international markets, ensuring diversification across numerous industries. The fund concentrated its investments on value-oriented equities within the small-capitalization and micro-capitalization segments. Its portfolio's performance was measured against the Russell Global SC Index. Formed in the United States on November 26, 1986, the trust maintained its domicile there.
CEF Explorer research page for Royce Global Trust, Inc.. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.