Fund Information
Investment Objective
The Perritt Funds seek to capture the benefits of the "small firm effect" through bottom-up, fundamental stock selection.
What 20 Years of Investment Experience Tells Us
- The Small Firm Effect – smaller companies have historically provided higher absolute and risk-adjusted returns
- Investing in fundamentally and financially sound companies can enhance growth potential while decreasing downside risk
- Ensuring that reasonable valuations are paid for sound companies can contribute to long term returns
- Employing a well diversified portfolio reduces company and industry specific risk
- Active trading and market timing can reduce returns over the long-run
The Perritt MicroCap Opportunities Fund invests in a diversified portfolio of equity securities that at the time of purchase have a market capitalization (equity market value) of $500 million or less. The Fund seeks micro-cap companies that management believes have the potential for long-term capital appreciation based on superior or niche products or services, favorable operating characteristics, superior management, and/or other exceptional factors. Investors should expect the Fund to contain a mix of both value and growth stocks.
The Perritt Emerging Opportunities Fund invests in a diversified portfolio of equity securities that at the time of purchase have a market capitalization (equity market value) of $300 million or less. The Fund seeks to invest in very small companies that have a significant percentage of stock owned by management, low levels of long-term debt, above average revenue and earnings growth rates, and those that possess reasonable valuations based on the ratios of price-to-sales, price-to-earnings, and price-to-book values.
| Average Annualized Performance As Of: 2009-12-31 | ||||||
| Fund Name | YTD | 1 year | 3 year | 5 year | 10 year | Since Inception |
|---|---|---|---|---|---|---|
|
Perritt MicroCap Opportunities Fund (PRCGX) (4/11/1988) |
52.89 | 52.89 | -5.78 | 1.72 | 11.58 | 9.05 |
|
Perritt Emerging Opportunities Fund (PREOX) (8/27/2004) |
60.66 | 60.66 | -11.40 | -1.41 | NA | 0.98 |
Perritt MicroCap Opportunities Fund Expense Ratio: 1.42%
Perritt Emerging Opportunities Fund Expense Ratio: 2.12%
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-800-331-8936. The funds impose a 2% redemption fee for shares held less than 90 days. Performance data quoted does not reflect the redemption fee. If reflected, total return would be reduced.
| As Of: 2009-12-31 | ||||||
| Ticker | Category | Overall Leader / # Funds | 3 Years Leader / # Funds | 5 Years Leader / # Funds | 10 Years Leader / # Funds |
|
|---|---|---|---|---|---|---|
| PRCGX | Total Return Sm. Core |  / 631 |
 / 631 |
/ 522 |
 / 269 |
|
| PREOX | Total Return Sm. Value |  / 266 |
/ 266 |
 / 209 |
 |
|
Mutual fund investing involves risk. Principal loss is possible. The Funds invest in smaller companies, which involve additional risks such as limited liquidity and greater volatility. The Funds invest in micro cap companies which tend to perform poorly during times of economic stress. The Emerging Opportunities Fund may invest in early stage companies which tend to be more volatile and somewhat more speculative than investments in more established companies.
The Advisor has an agreement in place to limit expenses for the MicroCap Opportunities Fund. However, the expense levels have not been exceeded.
Lipper ratings for Total Return reflect funds' historical total return performance relative to peers as of 12/31/2009. The ratings are subject to change every month and are based on an equal-weighted average of percentile ranks for the Total Return metrics over three-, five-, and ten-year periods (if applicable). The highest 20% of funds in each peer group are named Lipper Leader or a score of 5 for Total Return, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2, and the lowest 20% are scored 1. Lipper Leader ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. More information is available at www.lipperweb.com. Lipper Leader Copyright 2008, Reuters, All Rights Reserved.
Price to Sales: a tool for calculating a stock's valuation relative to other companies, calculated by dividing a stock's current price by its revenue per share.
Price to Earnings: (P/E) Ratio is calculated by dividing current price of the stock by the company's trailing 12 months' earnings per share.
Price to Book Value: (P/B) Ratio is calculated by dividing the current price of the stock by the company's book value per share.