Perritt MicroCap Opportunities Fund
Fund
PRCGX
Price as of:
$23.72
- $0.08
- 0.34%
Primary Theme
fund company
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-1.3%
1 yr return
-0.5%
3 Yr Avg Return
-2.3%
5 Yr Avg Return
4.4%
Net Assets
$51.9 M
Holdings in Top 10
34.9%
52 WEEK LOW AND HIGH
$23.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.65%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 23.50%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PRCGX - Profile
Distributions
- YTD Total Return -1.3%
- 3 Yr Annualized Total Return -2.3%
- 5 Yr Annualized Total Return 4.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.53%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NamePerritt MicroCap Opportunities Fund
-
Fund Family NamePerritt Funds, Inc.
-
Inception DateFeb 11, 2013
-
Shares Outstanding2364697
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Corbett
Fund Description
The Fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks of United States companies with market capitalizations that are below $500 million at the time of initial purchase, which the Fund’s investment adviser refers to as “micro-cap” companies. The Fund invests in both value-priced and aggressive growth stocks. Generally, the Fund’s investment adviser seeks to invest in companies with the following attributes:
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•Have demonstrated above-average growth in revenues and/or earnings;
•Possess relatively low levels of long-term debt;
•Have a high percentage of their shares owned by company management; and
•Possess modest price-to-sales ratios and price-to-earnings ratios that are below their long-term annual growth rate.
At times, the Fund may invest in “special situations” such as companies that possess valuable patents, companies undergoing restructuring, and companies involved in large share repurchase programs.
Although the Fund seeks long-term capital appreciation, stocks may be sold in the short-term for several reasons. These include: (1) a company’s market capitalization grows beyond $1.5 billion; (2) a company’s financial condition deteriorates to the point that the Fund’s investment adviser believes that the company’s long-term growth prospects may be impaired; (3) a company receives a purchase offer from another company; or (4) a company’s price-to-sales ratio or price-to-earnings ratio expands to the point that the Fund’s investment adviser believes the company’s stock is significantly overvalued.
The Fund is intended for investors who are willing to withstand the risk of short-term price fluctuations in exchange for potential long-term capital appreciation.
PRCGX - Performance
Return Ranking - Trailing
| Period | PRCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.3% | -11.5% | 15.0% | 43.32% |
| 1 Yr | -0.5% | -15.9% | 43.0% | 97.65% |
| 3 Yr | -2.3%* | -10.6% | 37.4% | 74.77% |
| 5 Yr | 4.4%* | -14.4% | 30.0% | 87.40% |
| 10 Yr | 3.7%* | -3.0% | 16.4% | 96.06% |
* Annualized
Return Ranking - Calendar
| Period | PRCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.8% | -49.6% | 29.0% | 89.93% |
| 2022 | -18.7% | -59.3% | 118.2% | 33.03% |
| 2021 | 14.2% | -31.6% | 39.3% | 31.38% |
| 2020 | 8.9% | -51.0% | 39.5% | 60.45% |
| 2019 | 5.4% | -16.9% | 37.8% | 95.87% |
Total Return Ranking - Trailing
| Period | PRCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.3% | -11.5% | 15.0% | 43.32% |
| 1 Yr | -0.5% | -15.9% | 43.0% | 97.65% |
| 3 Yr | -2.3%* | -10.6% | 37.4% | 74.77% |
| 5 Yr | 4.4%* | -14.4% | 30.0% | 87.40% |
| 10 Yr | 3.7%* | -3.0% | 16.4% | 96.06% |
* Annualized
Total Return Ranking - Calendar
| Period | PRCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.9% | -21.7% | 31.8% | 97.12% |
| 2022 | -16.1% | -45.2% | 123.7% | 38.63% |
| 2021 | 31.3% | 0.0% | 47.7% | 8.81% |
| 2020 | 8.9% | -50.5% | 46.9% | 71.75% |
| 2019 | 9.4% | -12.6% | 43.7% | 98.62% |
NAV & Total Return History
PRCGX - Holdings
Concentration Analysis
| PRCGX | Category Low | Category High | PRCGX % Rank | |
|---|---|---|---|---|
| Net Assets | 51.9 M | 529 K | 145 B | 87.87% |
| Number of Holdings | 98 | 2 | 2519 | 66.78% |
| Net Assets in Top 10 | 18.2 M | 104 K | 9.83 B | 78.56% |
| Weighting of Top 10 | 34.92% | -2849.0% | 100.5% | 9.88% |
Top 10 Holdings
- Northern Technologies International Corp 5.23%
- Silvercrest Asset Management Group Inc 5.18%
- DLH Holdings Corp 4.45%
- Radiant Logistics Inc 3.75%
- Legacy Housing Corp 3.55%
- Bel Fuse Inc 3.21%
- Miller Industries Inc/TN 3.09%
- Perma-Fix Environmental Services Inc 2.51%
- US Global Investors Inc 2.28%
- Photronics Inc 1.68%
Asset Allocation
| Weighting | Return Low | Return High | PRCGX % Rank | |
|---|---|---|---|---|
| Stocks | 99.61% | -565235.00% | 108.16% | 17.57% |
| Cash | 0.74% | 0.00% | 565934.00% | 76.63% |
| Preferred Stocks | 0.00% | 0.00% | 7.53% | 25.31% |
| Other | 0.00% | -598.74% | 39.24% | 51.85% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 22.71% |
| Bonds | 0.00% | -2.00% | 74.53% | 26.89% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PRCGX % Rank | |
|---|---|---|---|---|
| Industrials | 31.64% | 2.46% | 37.42% | 1.24% |
| Technology | 16.62% | 0.00% | 54.70% | 20.78% |
| Financial Services | 14.81% | 0.00% | 35.52% | 61.10% |
| Consumer Cyclical | 12.44% | 0.99% | 47.79% | 27.18% |
| Basic Materials | 7.28% | 0.00% | 18.66% | 9.95% |
| Healthcare | 6.74% | 0.00% | 26.53% | 88.10% |
| Energy | 3.21% | 0.00% | 37.72% | 80.11% |
| Consumer Defense | 3.06% | 0.00% | 18.87% | 75.67% |
| Communication Services | 2.10% | 0.00% | 14.85% | 66.43% |
| Real Estate | 1.15% | 0.00% | 29.43% | 93.43% |
| Utilities | 0.95% | 0.00% | 18.58% | 83.66% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PRCGX % Rank | |
|---|---|---|---|---|
| US | 99.61% | -565235.00% | 108.16% | 13.18% |
| Non US | 0.00% | 0.00% | 94.14% | 36.91% |
PRCGX - Expenses
Operational Fees
| PRCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.65% | 0.01% | 38.45% | 16.43% |
| Management Fee | 1.00% | 0.00% | 1.50% | 92.42% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| PRCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PRCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 11.54% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PRCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 23.50% | 1.00% | 314.00% | 21.40% |
PRCGX - Distributions
Dividend Yield Analysis
| PRCGX | Category Low | Category High | PRCGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 44.03% | 46.75% |
Dividend Distribution Analysis
| PRCGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| PRCGX | Category Low | Category High | PRCGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.53% | -2.40% | 2.49% | 88.28% |
Capital Gain Distribution Analysis
| PRCGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 22, 2023 | $0.241 | OrdinaryDividend |
| Nov 22, 2019 | $0.803 | OrdinaryDividend |
| Jun 21, 2017 | $0.089 | ExtraDividend |
| Nov 20, 2013 | $0.113 | OrdinaryDividend |
PRCGX - Fund Manager Analysis
Managers
Michael Corbett
Start Date
Tenure
Tenure Rank
Dec 31, 1996
25.43
25.4%
Mr. Corbett joined Perritt Capital Management, Inc. in 1990 as a research analyst and is currently President of Perritt Capital Management, Inc. Mr. Corbett obtained a B.S. degree from DePaul University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.05 | 2.58 |