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: 3/31/2017

Item 1 - Schedule of Investments

SCHEDULE OF INVESTMENTS

ROYCE GLOBAL VALUE TRUST

MARCH 31, 2017 (UNAUDITED)

	SHARES		VALUE
COMMON STOCKS – 101.6%
Australia – 1.8%
ALS		100,000	$	469,096
Austal		95,500		126,224
Berkeley Energia 1		56,800		32,112
Cochlear		5,500		568,236
IPH		145,000		539,498
NetComm Wireless 1		26,700		31,618
Quintis		137,045		108,891
Seeing Machines 1		1,676,800		84,035
Total				1,959,710
Austria – 0.9%
Mayr-Melnhof Karton		7,900		919,885
UBM Development		1,800		62,216
Total				982,101
Belgium – 0.1%
Barco		1,100		110,190
Total				110,190
Bermuda – 1.4%
Lazard Cl. A		32,600		1,499,274
Total				1,499,274
Brazil – 1.7%
BM&FBOVESPA		32,847		202,397
Brasil Brokers Participacoes 1		205,000		112,630
Minerva 1		52,500		163,675
OdontoPrev		200,000		721,906
T4F Entretenimento		44,000		90,091
TOTVS		63,000		558,439
Total				1,849,138
Canada – 8.2%
Agnico Eagle Mines 2, 3		5,000		212,200
AGT Food and Ingredients		6,000		140,677
Altus Group		5,900		129,105
Cameco Corporation 3		24,500		271,215
Canaccord Genuity Group 1		92,000		352,130
Canfor Corporation 1		17,000		231,763
Computer Modelling Group		108,000		840,546
Dream Global Real Estate
Investment Trust		14,700		106,338
Dundee Corporation Cl. A 1		80,000		244,840
E-L Financial		1,200		739,031
Exco Technologies		23,500		202,688
FirstService Corporation		10,300		621,090
Franco-Nevada Corporation 2, 3		10,200		668,202
Genworth MI Canada		13,000		359,447
Gluskin Sheff + Associates		23,000		304,049
Magellan Aerospace		18,800		276,377
Major Drilling Group International 1		110,500		586,630
Morneau Shepell		35,000		525,586
Pan American Silver 3		31,800		557,136
Questor Technology 1		94,500		54,006
Sandstorm Gold 1		14,200		60,634
Solium Capital 1		24,800		141,730
Sprott		280,600		470,533
Western Forest Products		123,100		200,870
Winpak		13,500		539,046
Total				8,835,869
China – 0.7%
China Communications Services		118,400		77,547
TravelSky Technology		250,000		590,619
Xtep International Holdings		191,600		75,442
Total				743,608
Cyprus – 0.3%
Globaltrans Investment GDR		42,000		302,400
Total				302,400
Denmark – 2.2%
Chr. Hansen Holding		9,000		577,664
Coloplast Cl. B		7,000		546,561
SimCorp		14,000		843,180
Zealand Pharma 1		24,000		387,175
Total				2,354,580
Finland – 0.1%
Vaisala Cl. A		1,800		67,247
Total				67,247
France – 4.2%
Groupe Crit		700		54,424
HighCo		16,200		111,470
Interparfums		15,000		497,502
Manutan International		900		66,824
Neurones		22,250		567,297
Rothschild & Co		33,000		945,766
Thermador Groupe		10,500		1,008,126
Vetoquinol		10,000		563,057
Virbac 1		4,500		704,488
Total				4,518,954
Georgia – 0.1%
BGEO Group		2,200		88,811
Total				88,811
Germany – 4.4%
Allgeier		3,700		77,581
CANCOM		3,700		208,923
Carl Zeiss Meditec		17,500		746,387
CompuGroup Medical		12,500		556,336
Fielmann		9,000		695,511
HolidayCheck Group 1		25,100		68,441
KWS Saat		2,500		775,964
MorphoSys 1		6,000		352,492
mutares		5,000		73,609
PNE Wind		51,600		141,305
STRATEC Biomedical		15,000		900,112
VIB Vermoegen		4,900		111,760
Total				4,708,421
Greece – 0.2%
Aegean Marine Petroleum Network		5,000		60,250
Hellenic Exchanges - Athens Stock
Exchange		28,000		138,001
Total				198,251
Hong Kong – 2.2%
Anxin-China Holdings 1,4		2,500,000		9,329
China Metal International Holdings		430,000		135,006
First Pacific		180,000		130,631
HKBN		105,900		118,416
I.T		365,800		158,624
Oriental Watch Holdings		465,900		107,310
Pico Far East Holdings		470,500		189,496
Television Broadcasts		54,000		218,182
Value Partners Group		1,325,000		1,261,661
Total				2,328,655
India – 2.2%
Bajaj Finance		60,000		1,084,731
IIFL Holdings		14,800		91,282
Kewal Kiran Clothing		6,500		173,674
Manappuram Finance		55,100		83,496
Quess Corporation 1		7,200		75,953
SH Kelkar & Company 1		85,000		387,595
Vakrangee		90,000		455,995
Total				2,352,726
Indonesia – 0.6%
Selamat Sempurna		8,000,000		651,383
Total				651,383
Ireland – 0.8%
Ardmore Shipping 3		12,300		99,015
Irish Continental Group		43,700		230,765
Irish Residential Properties REIT		148,481		196,415
Keywords Studios		37,500		303,985
Total				830,180
Israel – 0.2%
Nova Measuring Instruments 1,3		7,500		139,425
Sarine Technologies		86,800		119,448
Total				258,873
Italy – 0.8%
Banca Sistema		47,800		139,211
DiaSorin		11,000		742,813
Total				882,024
Japan – 10.3%
Ai Holdings		30,000		712,746
Ateam		4,900		117,119
BML		2,600		57,241
C. Uyemura & Co.		1,300		70,763
EM Systems		4,500		73,080
en-japan		3,100		69,056
GCA		11,000		93,470
G-Tekt		3,100		54,771
Horiba		13,500		723,929
Inabata & Co.		6,500		79,228
Investors Cloud		2,600		109,530
Itochu Techno-Solutions		3,000		88,116
Kenedix		16,900		67,248
Kenko Mayonnaise		2,300		56,545
Kintetsu World Express		4,000		60,433
Leopalace21		10,600		54,747
Mandom Corporation		1,600		75,020
Maruwa Unyu Kikan		1,900		43,690
Meitec Corporation		28,300		1,148,981
Miraca Holdings		1,400		64,385
MISUMI Group		50,800		918,078
Nabtesco		2,400		63,595
Nifco		1,300		65,274
Nihon Kohden		35,000		782,493
NS Solutions		4,900		105,896
Open House		2,900		69,394
Outsourcing		2,200		87,344
Pressance		3,700		44,534
Relo Group		73,000		1,210,437
Ryobi		16,100		69,994
Santen Pharmaceutical		80,000		1,158,358
Shimano		3,500		510,869
SPARX Group		55,100		104,429
Sugi Holdings		12,000		550,795
Sun Frontier Fudousan		7,300		63,604
Tokai Corporation		1,800		65,804
Tokuyama Corporation 1		19,800		95,683
Trancom		1,700		87,955
USS		62,500		1,041,947
Yumeshin Holdings		13,500		98,464
Zenkoku Hosho		4,000		136,172
Total				11,151,217
Mexico – 0.5%
Bolsa Mexicana de Valores		250,000		415,281
Rassini		23,400		104,863
Total				520,144
Netherlands – 0.1%
Constellium Cl. A 1		8,900		57,850
Total				57,850
New Zealand – 0.7%
Fisher & Paykel Healthcare		100,891		686,028
New Zealand Refining		43,100		71,907
Total				757,935
Norway – 1.0%
Nordic Semiconductor 1		28,300		103,164
NRC Group 1		10,900		71,726
TGS-NOPEC Geophysical		42,200		894,505
Total				1,069,395
Philippines – 0.2%
Integrated Micro-Electronics		756,900		110,122
Universal Robina		22,500		73,318
Total				183,440
Poland – 0.3%
Warsaw Stock Exchange		33,000		369,385
Total				369,385
Singapore – 1.5%
ARA Asset Management		600,000		763,484
CSE Global		320,300		121,356
Duty Free International		402,200		112,134
XP Power		25,000		660,905
Total				1,657,879
South Africa – 0.7%
Adcock Ingram Holdings		24,100		111,821
Coronation Fund Managers		59,000		278,108
JSE		15,000		144,072
Net 1 UEPS Technologies 1		10,500		128,415
Raubex Group		46,100		87,690
Total				750,106
South Korea – 0.5%
Koh Young Technology		4,100		188,080
KT Skylife		11,600		171,153
Modetour Network		5,400		186,631
Total				545,864
Spain – 0.1%
Atento 1,3		16,400		150,060
Total				150,060
Sweden – 2.1%
AcadeMedia 1		18,200		113,234
Addtech Cl. B		53,960		894,250
Bravida Holding		100,000		648,390
Byggmax Group		21,400		146,876
Dustin Group		24,000		180,790
Hoist Finance		8,000		70,084
Knowit		6,200		81,992
Proact IT Group		7,600		149,275
Total				2,284,891
Switzerland – 3.9%
Burckhardt Compression Holding		3,500		947,811
dormakaba Holding		800		636,550
LEM Holding		600		559,477
Partners Group Holding		1,600		860,181
VZ Holding		4,600		1,262,916
Total				4,266,935
Taiwan – 1.2%
Chipbond Technology		50,700		81,040
Egis Technology 1		9,600		77,832
Flytech Technology		32,780		108,574
Gourmet Master		10,300		97,424
Posiflex Technology		17,404		97,796
Realtek Semiconductor		28,800		102,984
Shih Her Technologies		85,600		84,916
Sinmag Equipment		19,700		90,246
Sitronix Technology		40,400		131,283
Sporton International		26,997		158,819
Taiwan Paiho		42,500		145,670
TCI		26,800		151,477
Total				1,328,061
Turkey – 0.1%
Tat Gida Sanayi		74,700		155,794
Total				155,794
United Kingdom – 12.4%
Abcam		30,000		310,281
Ashmore Group		279,000		1,235,692
AVEVA Group		18,500		451,984
Avon Rubber		8,700		104,806
Berendsen		55,000		505,107
BrainJuicer Group		6,700		66,106
Character Group		11,400		69,273
Clarkson		41,300		1,345,365
Computacenter		15,600		145,710
Connect Group		68,500		115,647
Consort Medical		64,800		841,107
Conviviality		63,900		218,164
Diploma		30,000		398,046
dotdigital group		189,700		161,619
Elementis		175,000		634,093
Epwin Group		47,500		61,670
Equiniti Group		200,000		491,137
Exova Group		175,000		541,566
Ferroglobe		41,100		424,563
Ferroglobe (Warranty Insurance Trust) 1,4		41,100		0
Finsbury Food Group		66,400		88,184
Hilton Food Group		19,200		155,279
Inspired Energy		568,400		113,054
ITE Group		325,000		655,580
Jupiter Fund Management		36,000		192,145
Norcros		64,360		122,568
Pendragon		258,000		113,137
Polypipe Group		60,000		286,413
Rank Group		48,300		126,295
Real Estate Investors		99,300		74,026
Rotork		160,000		487,729
Spirax-Sarco Engineering		18,000		1,075,515
Stallergenes Greer 1		10,800		367,534
Victrex		40,000		952,204
Xaar		115,000		511,497
Total				13,443,096
United States – 32.6%
Air Lease Cl. A		30,700		1,189,625
Brooks Automation 3		18,100		405,440
Century Casinos 1		21,400		161,784
CIRCOR International		9,000		534,960
Cognex Corporation		17,100		1,435,545
Coherent 1		5,000		1,028,200
Commercial Metals		42,000		803,460
Copart 1		18,600		1,151,898
Diebold Nixdorf 2, 3		28,800		884,160
Diodes 1		20,500		493,025
DST Systems		5,800		710,500
EnerSys 3		11,000		868,340
Expeditors International of Washington 2, 3		13,300		751,317
FLIR Systems 2, 3		14,100		511,548
Greif Cl. A 3		8,700		479,283
Innospec 3		12,457		806,591
Kadant		7,800		462,930
KBR 3		73,400		1,103,202
Kirby Corporation 1, 2, 3		32,900		2,321,095
Lindsay Corporation		13,700		1,207,244
Littelfuse		5,000		799,550
ManpowerGroup		11,000		1,128,270
MBIA 1		80,300		680,141
Nanometrics 1,3		44,500		1,355,470
National Instruments 3		19,000		618,640
Oaktree Capital Group LLC Cl. A		10,400		471,120
Popular		13,100		533,563
Quaker Chemical 3		8,400		1,105,944
Raven Industries		50,000		1,452,500
Rogers Corporation 1,3		6,000		515,220
Schnitzer Steel Industries Cl. A 3		19,100		394,415
SEACOR Holdings 1		20,200		1,397,638
SEI Investments 3		40,600		2,047,864
Sensient Technologies 2, 3		9,500		752,970
Signet Jewelers		5,500		380,985
Standard Motor Products		11,200		550,368
Sun Hydraulics 3		15,139		546,669
Tennant Company 3		11,600		842,740
Valmont Industries		4,500		699,750
Virtu Financial Cl. A		74,300		1,263,100
World Fuel Services		12,000		435,000
Total				35,282,064
Uruguay – 0.3%
Arcos Dorados Holdings Cl. A 1		46,800		376,740
Total				376,740
TOTAL COMMON STOCKS
(Cost $98,806,876)				109,873,251
REPURCHASE AGREEMENT – 5.5%
Fixed Income Clearing Corporation, 0.09% dated 3/31/17, due 4/3/17, maturity value $5,892,044 (collateralized by obligations of various U.S. Government Agencies, 2.00% due 2/15/23, valued at $6,010,374) (Cost $5,892,000)				5,892,000
TOTAL INVESTMENTS – 107.1%
(Cost $104,698,876)				115,765,251
LIABILITIES LESS CASH
AND OTHER ASSETS – (7.1)%				(7,652,064	)
NET ASSETS – 100.0%			$	108,113,187

1	Non-income producing.
2	At March 31, 2017, a portion of these securities were rehypothecated in connection with the revolving credit agreement in the aggregate amount of $3,571,462.
3	All or a portion of these securities were pledged as collateral in connection with the revolving credit agreement at March 31, 2017. Total market value of pledged securities at March 31, 2017, was $13,861,074.
4	Securities for which market quotations are not readily available represent 0.0% of net assets. These securities have been valued at their fair value under procedures approved by the Fund’s Board of Directors. These securities are defined as Level 3 securities 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 $104,765,385. At March 31, 2017, net unrealized appreciation for all securities was $10,999,866, consisting of aggregate gross unrealized appreciation of $18,143,751 and aggregate gross unrealized depreciation of $7,143,885. 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 March 31, 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	$109,593,481	$    270,441	$9,329	$109,873,251
Cash Equivalents	–	5,892,000	–	5,892,000

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 three months ended March 31, 2017, securities valued at $60,198,506 were transferred from Level 2 to Level 1 within the fair value hierarchy.

Level 3 Reconciliation:

		Unrealized
	Balance as of 12/31/16	Gain (Loss)	Balance as of 3/31/17
Common Stocks	$9,349	$(20)	$9,329

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 March 31, 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 March 31, 2017, the Fund has outstanding borrowings of $8,000,000. During the period ended March 31, 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: May 26, 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: May 26, 2017

By:

/s/ Peter K. Hoglund

Peter K. Hoglund

Treasurer, Royce Global Value Trust, Inc.

Date: May 26, 2017