Royce Value Closed Fund

Royce Small-Cap Trust, Inc. is a closed-end equity mutual fund launched and managed by Royce & Associates, LLC. It invests in publicly traded U.S. equities across diversified sectors, focusing on value-oriented small-cap and micro-cap companies. The fund benchmarks its performance against the Russell 2000 Index. It was formed on July 1, 1986 and is domiciled in the United States.