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Investment Advisor – June 2012

Investment Advisor Magazine features Michael Corbett, Portfolio Manager of the Perritt Funds, in the article “Managing Through the Micro-Cap Mania.” Corbett discusses why small-cap volatility doesn’t faze the investment team at Perritt Capital Management. Asked about volatility, Corbett notes that, “The possibility of shareholder value is significant because of how strong the balance sheets are.”

Both Perritt Funds are discussed in detail, including mention that “The Ultra MicroCap Fund has the lowest average market cap [for the companies which it invests] of any mutual fund out there,” according to

To view “Managing Through the Micro-Cap Mania” visit Investment Advisor Magazine.

By clicking on the article/video links you will leave the Perritt Capital Management website and enter a third-party website. Perritt is not responsible for, nor can it guarantee the accuracy of any information contained on a third-party website.

The views expressed in this article are those of the authors as of the dates of the article. The opinions expressed are subject to change, are not guaranteed and are not intended as a forecast or as a recommendation to buy or sell any security.

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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 their original cost. 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.

Fund holdings and sector allocations are subject to change at any time and are not recommendations to buy or sell any security. For PRCGX holdings click here. For PREOX holdings click here.

The average market capitalization of a fund’s equity portfolio gives you a measure of the size of the companies in which the fund invests. Price to Earnings ratio is calculated by dividing current price of the stock by the company’s trailing 12 months’ earnings 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. Beta measures the sensitivity of rates of return on a fund to general market movements. A beta above 1 is generally more volatile than the overall market, while a beta below 1 is generally less volatile. Alpha is the excess return of a fund relative to the return of the benchmark index. R-Squared is a statistical measure that represents the percentage of a fund’s or security’s movements that are explained by movements in a benchmark index. Standard Deviation is a statistical measure of the historical volatility of a mutual fund or portfolio, usually computed using 36 monthly returns. Mean is The simple mathematical average of a set of two or more numbers. The S&P 500 Index is a broad based unmanaged index of 500 stocks, which is widely recognized as representative of the equity market in general. The Russell 2000 Index consists of the smallest 2,000 companies in a group of 3,000 U.S. companies in the Russell 3000 Index, as ranked by market capitalization. The Russell Microcap index is a capitalization weighted index of 2,000 small-cap and micro-cap stocks that captures the smallest 1,000 companies in the Russell 2000, plus 1,000 smaller U.S.-based listed stocks. You cannot invest directly in an index

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