Royce Global Value Trust lowers non-U.S. investment minimum from 65% to 40% of net assets
The board of Royce Global Value Trust approved reducing the fund's required non-U.S. equity allocation from 65% to 40% of net assets, effective on or about May 1, 2021. The fund said the change gives its adviser, Royce Investment Partners, flexibility to bring the fund's U.S. and non-U.S. allocation closer to its benchmark index.
- Board approved the change on February 18, 2021
- Required minimum in companies headquartered in at least three countries outside the U.S. cut from 65% to 40% of net assets
- Change effective on or about May 1, 2021
- Fund issued a press release on February 19, 2021