Royce Micro-Cap Trust (NYSE: RMT) as of June 30, 2017

Closing June 30, 2017

NAV

$ 9.82

MKT

$ 8.65

Total Return Performance

PERIODS ENDED June 30, 2017

NAV (%)

MKT (%)

One Month*

3.67

2.94

Year-To-Date*

5.93

10.12

One-Year

22.60

27.27

Three-Year Average Annual

4.65

3.90

Five-Year Average Annual

13.47

13.64

Ten-Year Average Annual

5.75

4.44

*Not annualized

Portfolio Diagnostics

Weighted Average Geometric Market Cap

$416 million

Weighted Average P/E Ratio

20.1*

Weighted Average P/B Ratio

1.9x

Net Assets

$377 million

Net Leverage

6.3%

*Excludes 21% of portfolio holdings with zero or negative earnings as of 6/30/17.

Net leverage is the percentage, in excess of 100%, of the total value of equity type investments, divided by net assets.

Portfolio Composition

TOP 10 POSITIONS

% OF NET ASSETS

1.     Major Drilling Group International

1.5

2.     Mesa Laboratories

1.3

3.     Surmodics

1.1

4.     IES Holdings

1.1

5.     Atrion Corp.

1.1

6.     Kadant

1.1

7.     Zealand Pharma

1.1

8.     Heritage Crystal Clean

1.0

9.     Quaker Chemical

1.0

10.  Seneca Foods

1.0

TOP 5 SECTORS

% OF NET ASSETS

 1. Industrials

21

 2. Information Technology

20

 3. Health Care

16

 4. Consumer Discretionary

16

 5. Financials

13