Our Funds

What 30 Years of Investment Experience Tells Us

The Perritt Funds seek to capture the benefits of the "small firm effect"1 through bottom-up, fundamental stock selection. We are devoted to the micro-cap space and focuses only on investing in micro-cap companies. Our two micro-cap investment strategies offer investors distinct exposure to the micro-cap asset class without risk of style drift.

Perritt MicroCap Opportunities Fund (PRCGX)

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.

Perritt Ultra MicroCap Fund (PREOX)

The Perritt Ultra MicroCap 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.

Perritt Low Priced Stock Fund (PLOWX)

The Perritt Low Priced Stock Fund is a no load mutual fund that seeks long-term capital appreciation by investing mainly in common stocks of companies with market capitalizations that are below $3 billion at the time of initial purchase. The Fund will invest in low priced stocks which we define as those companies trading at or below $15 per share at the time of initial purchase. Investments will be made in companies in which we believe 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.
ANNUALIZED Monthly TOTAL RETURNS (%) As of October 31, 2017
YTD 1-YR 3-YR 5-YR 10-YR 20-YR SINCE INCEP.*
PRCGX -- *4/11/1988 6.25 24.20 8.75 14.24 5.87 9.18 9.74
PREOX -- *8/27/2004 13.16 25.27 10.67 15.18 4.71 - 8.16
PLOWX -- *6/30/2012 12.01 28.28 12.15 15.89 - - 15.20
ANNUALIZED QUARTERLY TOTAL RETURNS (%) As of September 30, 2017
YTD 1-YR 3-YR 5-YR 10-YR 20-YR SINCE INCEP.*
PRCGX -- *4/11/1988 4.63 17.59 9.37 13.33 5.88 8.70 9.71
PRCGX Net Expense Ratio N/A PRCGX Gross Expense Ratio 1.23%
PREOX -- *8/27/2004 13.46 20.99 10.57 15.16 4.94 - 8.24
PREOX Net Expense Ratio N/A PREOX Gross Expense Ratio 1.78%
PLOWX -- *6/30/2012 11.22 23.34 13.07 14.84 - - 15.31
PLOWX Net Expense Ratio 1.40% PLOWX Gross Expense Ratio 3.26%

For The Low Priced Stock Fund, the investment adviser has voluntarily agreed to waive fees and/or reimburse operating expenses (other than interest, brokerage commissions, dividend expense on short sales, taxes, extraordinary expenses and acquired fund fees and expenses) so that total annual operating expenses are not expected to exceed 1.39% through February 2017. The net expense ratio represents what investors have paid.

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 800-331-8936. The funds impose a 2% exchange and redemption fee for shares held 90 days or less. Performance data quoted does not reflect the redemption or exchange fee. If reflected, total return would be reduced.

Performance data quoted of the Low Priced Stock Fund for periods on or prior to 2/28/14 represents past performance of the fund’s predecessor, a separately managed account. The fund is the successor to a separately managed account. The investment policies, objectives, guidelines and restrictions of the fund are in all material respects equivalent to those of the predecessor, and the predecessor’s portfolio managers are the current portfolio managers of the fund. However, the predecessor was not a registered investment company. Had the predecessor been registered under the Investment Company Act and been subject to the provisions of the Investment Company Act and the Internal Revenue Code to which the fund is subject, its investment performance may have been adversely affected. The performance information reflects the gross expenses of the predecessor adjusted to reflect the higher fees and expenses of the fund. The performance is shown net of the annual management fee of 1.00% and other expenses. The performance was achieved by the predecessor when assets were relatively small; the same strategies may not be available, and similar performance may not be achieved, when the fund’s assets are larger.

The MicroCap Opportunities Fund (PRCGX) is a successor to the investment performance of the Perritt MicroCap Opportunities Fund, the fund’s predecessor. Performance information shown for periods on or prior to March 31, 2014 is that of the fund’s predecessor. The MicroCap Opportunities Fund was advised by the same adviser, has the same investment objective and strategies as the predecessor fund.

1 “The Neglected and Small Firm Effects.” Avner Arbel & Paul Strebel, The Financial Review, vol. 18, issue 4, 1982.

Price to Cash Flow is calculated by dividing the current price of the stock by the company’s cash flow per share.

Price to Book Value Ratio is calculated by dividing the current price of the stock by the company’s book value per share.

Price to Sales Ratio is 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 Ratio is calculated by dividing current price of the stock by the company’s trailing 12 months’ earnings per share.

Earnings Growth is the measurement of any increase in company earnings over a set time period.

Diversification does not assure a profit or protect against a loss in a declining market.

Earnings Growth is not representative of the fund’s future performance.

While the fund is no-load, management and other expenses still apply.

 

Invest With Us