Edgar Filing: ROYCE GLOBAL VALUE TRUST, INC.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act File Number: 811-22532

Name of Fund: Royce Global Value Trust, Inc. Fund Address: 745 Fifth Avenue New York, NY 10151

Name and address of agent for service:
John E. Denneen, Esq.
Royce & Associates, LP
745 Fifth Avenue
New York, NY 10151

Registrant’s telephone number, including area code: (212) 508-4500

Date of fiscal year end: 12/31/2017

Date of reporting period: 9/30/2017

Item 1 – Schedule of Investments

SCHEDULE OF INVESTMENTS ROYCE GLOBAL VALUE TRUST SEPTEMBER 30, 2017 (UNAUDITED) SHARES VALUE COMMON STOCKS – 103.1% Australia – 2.9%

ALS

126,434 $ 775,547

Austal

43,700 53,303

Berkeley Energia 1

61,600 39,138

Bravura Solutions

160,000 206,454

Cochlear

5,500 686,864

Eureka Group Holdings 1

145,000 37,534

Hansen Technologies

195,000 512,409

HT&E

27,600 44,598

Imdex 1

47,500 33,533

IPH

225,000 801,264

Mantra Group

68,200 170,652

NetComm Wireless 1

13,350 11,519

Seeing Machines 1

542,400 21,805

Tassal Group

48,300 145,863 Total 3,540,483 Austria – 1.2%

Mayr-Melnhof Karton

10,000 1,434,827 Total 1,434,827 Belgium – 0.1%

Agfa-Gevaert 1

15,200 72,506

Greenyard

2,700 61,717 Total 134,223 Bermuda – 1.2%

Lazard Cl. A

32,600 1,474,172 Total 1,474,172 Brazil – 2.5%

32,847 248,389

Brasil Brokers Participacoes 1

205,000 80,261

Construtora Tenda 1

8,700 45,105

Direcional Engenharia 1

14,000 25,815

Industrias Romi 1

50,000 90,460

International Meal Company Alimentacao

20,800 70,008

Minerva

26,250 92,828

MRV Engenharia e Participacoes

21,700 94,278

OdontoPrev

260,000 1,266,691

T4F Entretenimento

50,400 138,128

TOTVS

101,000 998,153 Total 3,150,116 Canada – 8.6%

Aecon Group

5,000 70,407

Agnico Eagle Mines 2

5,000 226,050

AGT Food and Ingredients

3,000 58,762

Aimia 1

45,000 89,080

Altus Group

9,100 231,703

Calfrac Well Services 1

22,500 91,425

Cameco Corporation 2

24,500 236,915

Canaccord Genuity Group

92,000 316,313

Centric Health 1

96,800 60,512

Computer Modelling Group

108,000 792,851

Corsa Coal 1

100,000 113,805

Dundee Corporation Cl. A 1

80,000 205,169

E-L Financial

1,200 813,625

Exco Technologies

15,750 122,314

FirstService Corporation

10,300 677,843

Franco-Nevada Corporation 2,3

10,200 790,296

Genworth MI Canada

13,000 385,806

Gluskin Sheff + Associates

23,000 346,544

Hardwoods Distribution

4,900 79,327

Hudbay Minerals

6,900 51,405

Magellan Aerospace

9,400 134,851

Major Drilling Group International 1

171,300 961,010

Morneau Shepell

45,000 750,150

Pan American Silver 2,3

31,800 542,190

Sandstorm Gold 1

10,000 45,400

Solium Capital 1

69,000 569,585

Sprott

520,600 880,357

Wajax Corporation

4,200 68,600

Western Forest Products

77,800 166,481

Winpak

20,000 822,921 Total 10,701,697 China – 1.0%

China Aircraft Leasing Group Holdings

68,300 70,821

China Communications Services

172,700 88,875

China Lesso Group Holdings

117,600 80,241

Chinasoft International

130,900 72,558

Fufeng Group

198,600 136,017

Hua Hong Semiconductor

53,500 72,323

TravelSky Technology

250,000 651,275

Xingda International Holdings

160,500 60,201

Xtep International Holdings

95,800 32,990 Total 1,265,301 Denmark – 1.4%

Chr. Hansen Holding

6,500 557,475

Coloplast Cl. B

6,500 527,536

Columbus

29,400 58,368

DFDS

1,200 68,555

Zealand Pharma 1

24,000 463,133 Total 1,675,067 France – 4.1%

Bigben Interactive 1

5,000 59,686

HighCo

18,800 107,544

Interparfums

13,500 538,822

Manutan International

450 42,809

Neurones

22,250 737,639

Prodware

1,800 23,508

Rothschild & Co

33,000 1,248,087

Synergie

1,400 73,963

Thermador Groupe

9,500 1,152,897

Vetoquinol

9,358 602,782

Virbac 1

3,500 514,806 Total 5,102,543 Georgia – 0.1%

BGEO Group

2,200 96,105 Total 96,105 Germany – 4.2%

CANCOM

2,350 176,369

Carl Zeiss Meditec

17,500 913,476

CompuGroup Medical

9,000 509,730

Deutsche EuroShop

1,700 63,753

Energiekontor

2,400 44,704

Fielmann

8,000 693,161

FinTech Group 1

4,100 98,418

Heidelberger Druckmaschinen 1

20,200 82,367

HolidayCheck Group 1

12,550 39,604

JDC Group 1

8,600 83,348

KWS Saat

1,800 787,677

MorphoSys 1

6,000 506,113

mutares

2,500 39,668

PSI Software

2,000 40,657

STRATEC Biomedical

16,500 987,159

VIB Vermoegen

5,200 132,751 Total 5,198,955 Greece – 0.3%

Aegean Marine Petroleum Network 2,3

1,250 6,188

Hellenic Exchanges - Athens Stock

Exchange

28,000 161,495

JUMBO

5,900 97,555

Sarantis

3,300 48,324 Total 313,562 Hong Kong – 1.8%

Dah Sing Financial Holdings

9,100 61,858

First Pacific

180,000 143,556

HKBN

52,950 55,311

I.T

182,900 98,572

International Housewares Retail

380,000 72,482

Oriental Watch Holdings

232,950 50,099

Perfect Shape Beauty Technology

600,000 72,200

Pico Far East Holdings

263,200 110,178

Television Broadcasts

54,000 179,387

Texhong Textile Group

47,600 64,713

Value Partners Group

1,350,500 1,218,832

Xinyi Glass Holdings

81,300 80,347 Total 2,207,535 India – 2.8%

Bajaj Finance

50,000 1,405,465

CCL Products India

10,600 50,055

Dewan Housing Finance

5,800 49,258

Edelweiss Financial Services

13,600 55,778

Hinduja Global Solutions

5,300 46,411

IIFL Holdings

2,750 25,597

Indo Count Industries

42,200 64,476

KEI Industries

9,600 47,912

Kewal Kiran Clothing

6,488 169,848

Manappuram Finance

74,100 109,585

Mphasis

2,400 22,742

Multi Commodity Exchange of India

5,300 84,316

NIIT 1

26,500 40,164

Radico Khaitan

15,000 38,625

SH Kelkar & Company

95,000 363,958

Shriram Transport Finance

2,800 45,224

Vakrangee

115,000 869,278 Total 3,488,692 Indonesia – 0.5%

Global Mediacom

850,000 35,656

Media Nusantara Citra

378,800 37,123

Selamat Sempurna

6,700,000 554,644 Total 627,423 Ireland – 0.6%

Ardmore Shipping 1,2,3

6,150 50,738

Irish Residential Properties REIT

28,640 49,928

Keywords Studios

37,500 695,962 Total 796,628 Israel – 0.4%

Frutarom Industries

5,000 384,604

Nova Measuring Instruments 1,2

5,800 163,038

Sarine Technologies

12,850 11,084 Total 558,726 Italy – 0.9%

Banca Farmafactoring 1

6,800 46,212

DiaSorin

10,000 891,744

Openjobmetis 1

11,900 187,763 Total 1,125,719 Japan – 9.3%

Ai Holdings

33,000 824,084

As One

5,000 266,163

Ateam

5,800 152,210

C. Uyemura & Co.

1,100 66,865

Financial Products Group

5,700 63,269

GCA

5,500 50,442

G-Tekt

3,400 70,221

H.I.S.

1,500 47,323

Horiba

5,000 282,604

IDOM

16,800 103,764

Information Services International-
Dentsu

1,700 38,585

Investors Cloud

2,400 142,688

Itochu Techno-Solutions

3,300 123,173

Kenedix

17,400 96,645

Kenko Mayonnaise

1,650 40,368

Kintetsu World Express

2,000 33,166

Kyowa Exeo

4,000 79,449

Leopalace21

11,500 80,124

Mandom Corporation

3,200 88,016

Meitec Corporation

26,400 1,323,226

Miraca Holdings

800 37,183

MISUMI Group

1,900 50,031

Nifco

650 39,684

Nihon Kohden

35,000 756,454

Nitto Kohki

3,100 75,651

NS Solutions

8,000 176,459

NSD

3,600 66,769

Open House

3,300 115,254

Osaka Soda

2,540 65,461

Outsourcing

5,500 76,494

Pressance

7,800 105,571

Relia

8,100 93,435

Relo Group

57,500 1,313,264

Ryobi

1,040 28,004

Santen Pharmaceutical

80,000 1,260,520

Shimano

3,500 466,252

SPARX Group

27,550 50,681

Sugi Holdings

12,500 664,297

Sun Frontier Fudousan

12,700 137,129

Takara Leben

12,600 61,586

Tokai Corporation

2,200 93,846

Tokuyama Corporation

4,420 104,603

Trancom

1,900 104,350

USS

62,500 1,260,831

Yumeshin Holdings

16,200 112,151

Zenkoku Hosho

4,600 193,157 Total 11,481,502 Malaysia – 0.1%

CB Industrial Product Holding

151,200 68,394 Total 68,394 Mexico – 0.7%

Becle 1

200,000 335,420

Bolsa Mexicana de Valores

268,700 448,424

Rassini

23,400 100,153 Total 883,997 Mongolia – 0.0%

Mongolian Mining 1

862,000 26,153 Total 26,153 Netherlands – 0.1%

AMG Advanced Metallurgical Group

2,700 116,428

DP Eurasia 1

8,700 23,666 Total 140,094 New Zealand – 1.0%

Fisher & Paykel Healthcare

102,089 942,383

New Zealand Refining

21,550 39,692

Trade Me Group

80,000 264,073 Total 1,246,148 Norway – 2.0%

Nordic Semiconductor 1

19,100 105,518

NRC Group

10,900 82,799

Protector Forsikring

16,200 159,163

TGS-NOPEC Geophysical

90,000 2,141,377 Total 2,488,857 Peru – 0.1%

Ferreycorp

113,400 73,993 Total 73,993 Philippines – 0.2%

Integrated Micro-Electronics

128,650 47,105

Pryce Corporation 1

387,900 50,397

Robinsons Retail Holdings

44,500 86,723

Universal Robina

22,500 67,678 Total 251,903 Poland – 0.3%

Warsaw Stock Exchange

33,000 403,343 Total 403,343 Russia – 0.4%

Globaltrans Investment GDR

47,500 444,600 Total 444,600 Singapore – 1.0%

CSE Global

535,150 134,138

Duty Free International

317,700 66,751

Duty Free International (Warrants) 1

80,440 593

Tat Hong Holdings 1

200,000 67,087

XP Power

25,000 929,959

Yanlord Land Group

54,400 74,194 Total 1,272,722 South Africa – 0.6%

Adcock Ingram Holdings

28,900 129,144

Coronation Fund Managers

59,000 293,284

JSE

15,000 137,217

MiX Telematics ADR

11,500 114,080

Raubex Group

88,900 130,014 Total 803,739 South Korea – 0.6%

Hanssem

300 39,682

Huchems Fine Chemical

4,800 100,371

KIWOOM Securities

700 44,248

Koh Young Technology

3,300 193,041

KT Skylife

5,800 72,921

Modetour Network

3,747 79,334

Samjin Pharmaceutical

2,700 76,968

SK Materials

400 61,675

Tera Semicon

1,700 44,454 Total 712,694 Spain – 0.1%

Atento 1,2

15,200 176,320 Total 176,320 Sweden – 2.2%

Addtech Cl. B

61,460 1,233,743

Bravida Holding

100,000 732,360

Byggmax Group

20,900 175,773

Dustin Group

24,300 205,113

Hoist Finance

8,800 90,756

Knowit

7,200 115,360

Proact IT Group

7,900 192,046 Total 2,745,151 Switzerland – 3.7%

Burckhardt Compression Holding

1,500 468,968

Burkhalter Holding

4,300 548,407

LEM Holding

600 767,697

Partners Group Holding

1,800 1,221,253

VZ Holding

4,827 1,540,293 Total 4,546,618 Taiwan – 1.1%

Egis Technology 1

12,000 107,835

Flytech Technology

34,580 103,202

Formosa Laboratories

63,200 146,725

Gourmet Master

12,130 129,004

Posiflex Technology

8,874 40,092

Sinmag Equipment

18,500 93,952

Sitronix Technology

51,400 149,162

Sporton International

29,581 148,276

Taiwan Paiho

41,100 189,073

TCI

29,070 183,102

Tehmag Foods

6,000 44,222 Total 1,334,645 Thailand – 0.1%

Erawan Group (The)

130,000 25,922

Forth Smart Service

42,400 24,283

Krungthai Card

18,500 62,684 Total 112,889 Turkey – 0.1%

Soda Sanayii

57,900 82,716

Tat Gida Sanayi

56,850 84,885 Total 167,601 United Kingdom – 12.2%

Abcam

30,000 410,040

Alliance Pharma

100,000 73,365

Ashmore Group

279,000 1,268,133

Avon Rubber

4,350 54,647

Biffa

31,000 97,515

Character Group

5,700 36,662

Clarkson

38,100 1,460,654

Connect Group

117,650 159,227

Consort Medical

64,800 943,863

Conviviality

16,400 90,541

Diploma

30,000 427,728

dotdigital group

124,300 117,426

Elementis

195,000 707,861

EMIS Group

4,700 58,099

Epwin Group

116,800 122,862

Equiniti Group

200,000 807,216

Equiniti Group (Rights) 1

42,857 66,043

Ferroglobe

41,100 540,876

Ferroglobe (Warranty Insurance Trust) 1,4

41,100 0

Fidessa Group

10,000 301,098

Finsbury Food Group

67,900 99,175

Gattaca

6,000 24,200

Hilton Food Group

18,600 180,948

Inspired Energy

68,650 18,168

ITE Group

353,401 851,219

Jupiter Fund Management

36,000 266,285

Just Eat 1

3,000 26,874

Macfarlane Group

45,500 42,222

McBride

13,898 39,202

Micro Focus International

2,871 91,831

NCC Group

31,000 89,934

Norcros

47,360 107,886

Pendragon

139,300 59,732

Polypipe Group

60,000 338,966

Rank Group

20,000 59,496

Real Estate Investors

45,000 36,180

Restaurant Group

7,600 30,746

Robert Walters

5,600 42,022

Rotork

195,000 680,425

RPC Group

12,800 169,890

SIG

46,400 110,611

Spirax-Sarco Engineering

18,000 1,332,629

Staffline Group

2,600 40,589

Stallergenes Greer 1

10,800 545,939

STV Group

17,500 86,237

Topps Tiles

84,000 84,983

Victrex

40,000 1,270,855

Wincanton

17,000 53,704

Xaar

90,000 537,273 Total 15,062,077 United States – 32.2%

Air Lease Cl. A

30,700 1,308,434

Brooks Automation 2

18,100 549,516

Century Casinos 1

10,700 87,847

CIRCOR International

18,100 985,183

Cognex Corporation

17,100 1,885,788

Coherent 1

5,000 1,175,850

Commercial Metals

42,000 799,260

Copart 1

37,200 1,278,564

Diebold Nixdorf 2

28,800 658,080

Diodes 1

20,500 613,565

DST Systems

11,600 636,608

EnerSys 2

11,000 760,870

Expeditors International of Washington 2

13,300 796,138

FLIR Systems 2

42,400 1,649,784

Greif Cl. A 2

8,700 509,298

Innospec 2,3

12,457 767,974

Kadant

7,800 768,690

KBR 2

73,400 1,312,392

Kirby Corporation 1,2,3

32,900 2,169,755

Lindsay Corporation

13,700 1,259,030

Littelfuse

5,000 979,400

ManpowerGroup

11,000 1,296,020

MBIA 1

80,300 698,610

Nanometrics 1,2,3

44,500 1,281,600

National Instruments 2,3

19,000 801,230

New York REIT 1

50,000 392,500

Oaktree Capital Group LLC Cl. A

10,400 489,320

Popular

13,100 470,814

Quaker Chemical 2

8,400 1,242,780

Raven Industries

50,000 1,620,000

Rogers Corporation 1,2,3

6,000 799,680

Schnitzer Steel Industries Cl. A 2

19,100 537,665

SEACOR Holdings 1

20,200 931,422

SEACOR Marine Holdings 1

20,309 317,633

SEI Investments 2

40,600 2,479,036

Sensient Technologies 2,3

9,500 730,740

Signet Jewelers

5,500 366,025

Standard Motor Products

11,200 540,400

Sun Hydraulics 2

15,139 817,506

Tennant Company 2

11,600 767,920

Valmont Industries

4,500 711,450

Virtu Financial Cl. A 2

74,300 1,203,660

World Fuel Services

12,000 406,920 Total 39,854,957 Uruguay – 0.4%

Arcos Dorados Holdings Cl. A 1

46,800 470,340 Total 470,340 TOTAL COMMON STOCKS

(Cost $104,415,045)

127,660,511 REPURCHASE AGREEMENT – 3.7%

Fixed Income Clearing Corporation,
0.12% dated 9/29/17, due 10/2/17,
maturity value $4,546,045 (collateralized
by obligations of various U.S. Government
Agencies, 2.125% due 5/15/25, valued at $4,640,401)
(Cost $4,546,000)

4,546,000 TOTAL INVESTMENTS – 106.8%

(Cost $108,961,045)

132,206,511 LIABILITIES LESS CASH

AND OTHER ASSETS – (6.8)%

(8,426,100 ) NET ASSETS – 100.0% $ 123,780,411
1 Non-income producing. 2

All or a portion of these securities were pledged as collateral in connection with the Fund’s revolving credit agreement at September 30, 2017. Total market value of pledged securities at September 30, 2017, was $15,458,263.

At September 30, 2017, a portion of these securities were rehypothecated in connection with the Fund’s revolving credit agreement in the aggregate amount of $6,443,556.

A security for which market quotations are not readily available represents 0.0% of net assets. This security has been valued at its fair value under procedures approved by the Fund’s Board of Directors. This security is defined as a Level 3 security due to the use of significant unobservable inputs in the determination of fair value.

Securities of Global/International Funds are categorized by the country of their headquarters, with the exception of exchange-traded funds.

TAX INFORMATION: The cost of total investments for Federal income tax purposes was $109,035,346. At September 30, 2017, net unrealized appreciation for all securities was $23,171,165, consisting of aggregate gross unrealized appreciation of $29,034,801 and aggregate gross unrealized depreciation of $5,863,636. The primary cause of the difference between book and tax basis cost is the timing of the recognition of losses on securities sold.

Valuation of Investments:
Investment transactions are accounted for on the trade date. Securities are valued as of the close of trading on the New York Stock Exchange (NYSE) (generally 4:00 p.m. Eastern time) on the valuation date. Securities that trade on an exchange, and securities traded on Nasdaq’s Electronic Bulletin Board, are valued at their last reported sales price or Nasdaq official closing price taken from the primary market in which each security trades or, if no sale is reported for such day, at their highest bid price. Other over-the-counter securities for which market quotations are readily available are valued at their highest bid price, except in the case of some bonds and other fixed income securities which may be valued by reference to other securities with comparable ratings, interest rates and maturities, using established independent pricing services. The Fund values its non-U.S. dollar denominated securities in U.S. dollars daily at the prevailing foreign currency exchange rates as quoted by a major bank. Securities for which market quotations are not readily available are valued at their fair value in accordance with the provisions of the 1940 Act, under procedures approved by the Fund’s Board of Directors, and are reported as Level 3 securities. As a general principle, the fair value of a security is the amount which the Fund might reasonably expect to receive for the security upon its current sale. However, in light of the judgment involved in fair valuations, there can be no assurance that a fair value assigned to a particular security will be the amount which the Fund might be able to receive upon its current sale. In addition, if, between the time trading ends on a particular security and the close of the customary trading session on the NYSE, events occur that are significant and may make the closing price unreliable, the Fund may fair value the security. The Fund uses an independent pricing service to provide fair value estimates for relevant non-U.S. equity securities on days when the U.S. market volatility exceeds a certain threshold. This pricing service uses proprietary correlations it has developed between the movement of prices of non-U.S. equity securities and indices of U.S.-traded securities, futures contracts and other indications to estimate the fair value of relevant non-U.S. securities. When fair value pricing is employed, the prices of securities used by the Fund may differ from quoted or published prices for the same security. Investments in money market funds are valued at net asset value per share.

Various inputs are used in determining the value of the Fund’s investments, as noted above. These inputs are summarized in the three broad levels below: Level 1 – quoted prices in active markets for identical securities. Level 2 –

other significant observable inputs (including quoted prices for similar securities, foreign securities that may be fair valued and repurchase agreements). The table below includes all Level 2 securities. Any level 2 securities with values based on quoted prices for similar securities would be noted in the Schedule of Investments.

Level 3 –

significant unobservable inputs (including last trade price before trading was suspended, or at a discount thereto for lack of marketability or otherwise, market price information regarding other securities, information received from the company and/or published documents, including SEC filings and financial statements, or other publicly available information).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the inputs used to value the Fund’s investments as of September 30, 2017. For a detailed breakout of common stocks by country, please refer to the Schedule of Investments.

Level 1 Level 2 Level 3 Total Common Stocks $ 127,660,511 $ – $ 0 $ 127,660,511 Cash Equivalents – 4,546,000 – 4,546,000

Certain securities have transferred in and out of Level 1 and Level 2 measurements during the reporting period. The Fund recognizes transfers between levels as of the end of the reporting period. For the nine months ended September 30, 2017, securities valued at $61,720,123 were transferred from Level 2 to Level 1 within the fair value hierarchy.

Level 3 Reconciliation:

Realized and Unrealized Balance as of 12/31/16 Sales Gain (Loss) Balance as of 9/30/17 Common Stocks $9,349 $0 $(9,349) $0

Repurchase Agreements:
The Fund may enter into repurchase agreements with institutions that the Fund’s investment adviser has determined are creditworthy. The Fund restricts repurchase agreements to maturities of no more than seven days. Securities pledged as collateral for repurchase agreements, which are held until maturity of the repurchase agreements, are marked-to-market daily and maintained at a value at least equal to the principal amount of the repurchase agreement (including accrued interest). Repurchase agreements could involve certain risks in the event of default or insolvency of the counter-party, including possible delays or restrictions upon the ability of the Fund to dispose of its underlying securities. The remaining contractual maturity of the repurchase agreement held by the Fund at September 30, 2017 is overnight and continuous.

Borrowings:
The Fund is party to a revolving credit agreement (the credit agreement) with BNP Paribas Prime Brokerage International, Limited (BNPPI). As of September 30, 2017, the Fund has outstanding borrowings of $8,000,000. During the period ended September 30, 2017, the Fund borrowed an average daily balance of $8,000,000. The Fund pays a commitment fee of 0.50% per annum on the unused portion of the credit agreement. The credit agreement has a 360-day rolling term that resets daily; however, if the Fund exceeds certain net asset value triggers, the credit agreement may convert to a 60-day rolling term that resets daily. The Fund is required to pledge portfolio securities as collateral in an amount up to two times the loan balance outstanding or as otherwise required by applicable regulatory standards and has granted a security interest in the securities pledged to, and in favor of, BNPPI as security for the loan balance outstanding. If the Fund fails to meet certain requirements, or maintain other financial covenants required under the credit agreement, the Fund may be required to repay immediately, in part or in full, the loan balance outstanding under the credit agreement which may necessitate the sale of portfolio securities at potentially inopportune times. BNPPI may terminate the credit agreement upon certain ratings downgrades of its corporate parent, which would result in the Fund’s entire loan balance becoming immediately due and payable. The occurrence of such ratings downgrades may necessitate the sale of portfolio securities at potentially inopportune times. The credit agreement also permits, subject to certain conditions, BNPPI to rehypothecate portfolio securities pledged by the Fund up to the amount of the loan balance outstanding. The Fund continues to receive payments in lieu of dividends and interest on rehypothecated securities. The Fund also has the right under the credit agreement to recall the rehypothecated securities from BNPPI on demand. If BNPPI fails to deliver the recalled security in a timely manner, the Fund is compensated by BNPPI for any fees or losses related to the failed delivery or, in the event a recalled security is not returned by BNPPI, the Fund, upon notice to BNPPI, may reduce the loan balance outstanding by the value of the recalled security failed to be returned. The Fund receives a portion of the fees earned by BNPPI in connection with the rehypothecation of portfolio securities.

Other information regarding the Fund is available in the Fund’s most recent Report to Stockholders. This information is available through The Royce Funds (www.roycefunds.com) and on the Securities and Exchange Commission’s website (www.sec.gov).

Item 2 – Controls and Procedures
(a) The Registrant’s principal executive and principal financial officers have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures as of a date within 90 days of the filing date of this report (as required by Rule 30a-3(b) under the Investment Company Act of 1940 (the “Act”)), that the Registrant’s disclosure controls and procedures (as defined by Rule 30a-3(c) under the Act) are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the internal control over financial reporting.

Item 3 – Exhibits
Certifications pursuant to Rule 30a-2(a) under the Act are attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Royce Global Value Trust, Inc.
By:

/s/ Christopher D. Clark Christopher D. Clark President, Royce Global Value Trust, Inc. Date: November 20, 2017

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By: /s/ Christopher D. Clark Christopher D. Clark President, Royce Global Value Trust, Inc. Date: November 20, 2017 By: /s/ Peter K. Hoglund Peter K. Hoglund Treasurer, Royce Global Value Trust, Inc. Date: November 20, 2017