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Fidelity Investments – February, 2014
The Perritt Ultra MicroCap Fund (PREOX) was named as a Fidelity Fund Pick in the Small Value Category as of 2/28/2014. Fund Picks from Fidelity identify funds according to their historical investment styles as measured by portfolio statistics and composition over the past three years. Fidelity screens for Fund Picks using the following criteria and based on Morningstar asset classes, investment styles, and categories:
1. The universe of funds available for consideration are:
- Open End, No Transaction Fee mutual funds that are open to new investors and are available on Fidelity’s platform with a minimum investment of no more than $2500*
- $300 million in total assets (except for mid-cap and small cap categories which are $200 million and $100 million, respectively)
- Funds that have a minimum 3 year performance
- Funds in the bottom 3 year performance quartile are eliminated
2. Funds are screened for each investment category and the top five Fidelity and top 5 non-Fidelity mutual funds are chosen as “Fund Picks” based on:
- Funds with the highest three-year historical risk-adjusted returns within their respective investment category
