RGT, or Royce Global Trust, Inc., is a closed-end fund that primarily invests in global equities using a disciplined value approach. The fund aims for long-term growth of capital by investing at least 80% of its net assets in equity securities, such as common and preferred stocks. RGT generally focuses on U.S. and non-U.S. small- and mid-cap stocks, with market capitalizations up to $10 billion.
- Equity Securities - Invests in common and preferred stocks, focusing on small- and mid-cap companies with market capitalizations up to $10 billion.
- Global Investments - Allocates at least 40% of net assets in companies headquartered in at least three countries outside the United States.
- Sector Investments - Concentrates investments in sectors such as Industrials, Financials, and Information Technology.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Christopher D. Clark Executive | President | Chief Executive Officer of Royce Investment Partners; Co-Chief Investment Officer of Royce Investment Partners; Member of the Board of Managers of Royce Investment Partners; Managing Director of Royce Investment Partners | Christopher D. Clark has served as President of RGT since July 2014, bringing over 25 years of investment experience. He also holds leadership roles such as Chief Executive Officer and Co-Chief Investment Officer at Royce Investment Partners, reflecting his broad expertise in the financial sector. | |
Daniel A. O’Byrne Executive | Vice President | Daniel A. O’Byrne has been serving as Vice President at Royce Global Trust, Inc. since 1994. He began his career at Royce in October 1986 and has had roles including Equity Portfolio Manager at Scudder, Stevens & Clark and President/CEO of Campbell, Cowperthwait & Co. | ||
Francis D. Gannon Executive | Vice President | Francis D. Gannon has served as Vice President at RGT since 2014 and holds additional roles as Co-Chief Investment Officer (since January 2014) and Managing Director of Royce Investment Partners, having joined Royce in September 2006. | ||
John E. Denneen Executive | Secretary and Chief Legal Officer | John E. Denneen has served as Secretary and Chief Legal Officer of RGT since 2002, following his initial tenure from 1996 to 2001, and holds additional high-level roles at Royce Investment Partners as General Counsel, Managing Director, Chief Legal and Compliance Officer, and Member of the Board of Managers. | ||
John P. Schwartz Executive | Chief Compliance Officer | John P. Schwartz has served as the Chief Compliance Officer at RGT since May 2022 and has been the Associate General Counsel and Compliance Officer at Royce since March 2013. | ||
Peter K. Hoglund Executive | Treasurer | Chief Financial Officer at Royce Investment Partners; Chief Administrative Officer at Royce Investment Partners; Managing Director at Royce Investment Partners | Peter K. Hoglund has served as Treasurer at RGT since 2015. He previously held key financial roles, including CFO and Managing Director at Munder Capital Management for over 20 years. | |
Cecile B. Harper Board | Director/Trustee | Chief Financial Officer and Chief Operating Officer at the College Foundation at the University of Virginia (since October 2019); Director of Alarm.com Holdings, Inc. (since May 2024) | Cecile B. Harper has served as a Director/Trustee of The Royce Funds at RGT since 2020, bringing over 25 years of asset management experience. She also served as CFO and COO at the College Foundation at the University of Virginia since October 2019. | |
Christopher C. Grisanti Board | Class III Director | Chief Equity Strategist and Senior Portfolio Manager at MAI Capital Management LLC | Christopher C. Grisanti serves as the Class III Director and Lead Independent Director at RGT since 2017. He brings over 20 years of investment industry experience and currently serves as Chief Equity Strategist and Senior Portfolio Manager at MAI Capital Management LLC since May 2020. | |
G. Peter O’Brien Board | Class I Director | Trustee Emeritus, Colgate University (since 2005); Emeritus Board Member, Hill House, Inc. (since 2019) | G. Peter O’Brien has been serving as a Class I Director at RGT since 2001 with his term expiring in 2024, and he is an active member of both the Audit and Nominating Committees. He has extensive prior experience from his roles at Merrill Lynch & Co. (1971–1999) and TICC Capital Corp. (2003–2017). | |
Julia W. Poston Board | Class I Director | AuguStar Variable Insurance Products Fund, Inc.: Member of Audit Committee (since 2022) ; The James Advantage Funds: Chair of Audit Committee (since 2022) ; Al. Neyer Corporation: Director, Member of Nominating/Governance Committee, and Chair of Audit Committee (since 2020) ; Master Fluid Solutions: Director, Member of Governance Committee, and Chair of Audit Committee (since 2021) ; Cincinnati Museum Center: Trustee and Chair of Finance/Audit Committee (since 2015) ; Cincinnati Women’s Executive Forum: Director and Founder (since 2010) | Julia W. Poston has been serving as Class I Director at RGT since July 12, 2023 and chairs the Audit Committee, bringing over 40 years of experience in corporate governance and finance. | |
Michael K. Shields Board | Class II Director | Chairman, UNC Charlotte Investment Fund Board; Chairman, Halftime Carolinas Board | Michael K. Shields is a Class II Director at RGT since 2015 with his term expiring in 2025. He brings extensive financial sector experience and currently serves as Chairman of the UNC Charlotte Investment Fund Board since February 2016 and Chairman of the Halftime Carolinas Board since February 2011. | |
Patricia W. Chadwick Board | Class II Director | Consultant and President, Ravengate Partners LLC | Patricia W. Chadwick has served as a Class II Director at RGT since 2011, overseeing 16 portfolios and leveraging over 30 years of investment experience. She is also the Consultant and President of Ravengate Partners LLC since 2000. |
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Recent press releases and 8-K filings for RGT.
- Royce Global Trust (RGT) is a closed-end fund aiming for long-term capital growth by investing at least 80% of net assets in global equity securities, with 65% in non-U.S. companies.
- As of July 31, 2025, the fund's Net Asset Value (NAV) was $14.14 and its Market Price (MKT) was $12.12, with total Net Assets of $92.2 million.
- The portfolio's key diagnostics include an Average Market Cap of $3008.1 million, a Weighted Average P/E of 25.8x, and a Weighted Average P/B of 3.0x.
- The top sector allocations are Financials (29.5%) and Industrials (28.3%) of net assets.
- Royce Global Trust (RGT) is a closed-end fund that invests in global equities using a disciplined value approach, primarily focusing on small- and mid-cap companies.
- As of April 30, 2025, the fund's Net Asset Value (NAV) was $12.60 and its market price was $10.63.
- The fund's one-year total returns as of April 30, 2025, were 8.90% (NAV) and 8.49% (MKT), with Net Assets totaling $82.1 million.
- Key portfolio diagnostics as of April 30, 2025, include an Average Market Cap of $2,658.1 million, a Weighted Average P/E of 23.7x, and a Weighted Average P/B of 2.7x.
- The top five sectors in the portfolio as of April 30, 2025, are Industrials (30.2%), Financials (28.0%), Materials (11.5%), Information Technology (10.5%), and Health Care (5.0%).