Description

The Royce Micro-Cap Trust, Inc. functions as a closed-end equity mutual fund, which was both created and is actively managed by Royce & Associates, LLC. This investment vehicle concentrates its holdings within the publicly traded companies of the United States. Its primary objective is to seek out value stocks from a diverse range of sectors, specifically targeting businesses with a market capitalization below $500 million. To gauge its performance, the fund benchmarks itself against the Russell 2000 Index. Established in the United States, Royce Micro-Cap Trust, Inc. began its operations on December 14, 1993.