Perritt Ultra MicroCap Fund
Name
As of 10/25/2024Price
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
1.2%
1 yr return
15.2%
3 Yr Avg Return
-8.1%
5 Yr Avg Return
5.9%
Net Assets
$9.97 M
Holdings in Top 10
25.9%
52 WEEK LOW AND HIGH
$15.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 3.04%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 25.70%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/25/2024Price
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
PREOX - Profile
Distributions
- YTD Total Return 1.2%
- 3 Yr Annualized Total Return -8.1%
- 5 Yr Annualized Total Return 5.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.85%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NamePerritt Ultra MicroCap Fund
-
Fund Family NamePerritt Funds, Inc.
-
Inception DateFeb 08, 2005
-
Shares Outstanding795673
-
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 $300 million at the time of initial purchase, which the Fund’s investment adviser refers to as “micro-cap” companies. The micro-cap companies in which the Fund may invest include “early stage” micro-cap companies, which are companies that are in a relatively early stage of development with market capitalizations that are below $50 million.
Read More
Micro-cap companies represent the smallest sector of public companies based on market capitalization. Normally, the micro-cap companies in which the Fund invests are in their earliest stages of public development and may offer unique products, services or technologies or may serve special or rapidly expanding niches.
The Fund’s investment adviser uses a “bottom-up” approach of fundamental analysis to look for individual companies that the adviser believes offer significant potential for stock price appreciation. In addition, the adviser seeks to invest in companies with the following attributes:
•Have a high percentage of their shares owned by company management;
•Possess relatively low levels of long-term debt;
•Have a potential for above-average growth in revenues and/or earnings; and
•Possess reasonable valuations based on the ratios of price-to-sales, price-to-earnings, and price-to-book values.
At times, the Fund’s portfolio may contain the shares of unseasoned companies, companies that are undergoing corporate restructuring, initial public offerings, and companies believed to possess undervalued assets.
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 size has expanded beyond the point where it can no longer be considered a small capitalization company; (2) a company’s financial condition deteriorates to the point that, in the opinion of the Fund’s investment adviser, the company’s future growth prospects are impaired; (3) a company’s valuation multiples such as price-to-sales ratio, price-to-earnings ratio, or price-to-book value ratio expand to the point that the Fund’s investment adviser believes the company’s stock is significantly overvalued; or (4) the Fund’s investment adviser believes that another stock has better investment potential.
The Ultra MicroCap 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.
PREOX - Performance
Return Ranking - Trailing
| Period | PREOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.2% | -19.1% | 29.6% | 98.31% |
| 1 Yr | 15.2% | -2.8% | 51.0% | 98.12% |
| 3 Yr | -8.1%* | -13.0% | 42.6% | 98.66% |
| 5 Yr | 5.9%* | -12.5% | 34.0% | 92.61% |
| 10 Yr | 4.3%* | -2.9% | 18.0% | 95.97% |
* Annualized
Return Ranking - Calendar
| Period | PREOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 2.9% | -19.9% | 29.0% | 92.06% |
| 2024 | -26.6% | -59.3% | 118.2% | 84.03% |
| 2023 | 38.5% | -31.6% | 39.3% | 0.97% |
| 2022 | 16.9% | -51.0% | 39.5% | 19.60% |
| 2021 | 1.9% | -5.6% | 37.8% | 97.52% |
Total Return Ranking - Trailing
| Period | PREOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.2% | -19.1% | 29.6% | 98.31% |
| 1 Yr | 15.2% | -2.8% | 51.0% | 98.12% |
| 3 Yr | -8.1%* | -13.0% | 42.6% | 98.66% |
| 5 Yr | 5.9%* | -12.5% | 34.0% | 92.61% |
| 10 Yr | 4.3%* | -2.9% | 18.0% | 95.97% |
* Annualized
Total Return Ranking - Calendar
| Period | PREOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 2.9% | -11.7% | 31.8% | 98.11% |
| 2024 | -25.8% | -45.2% | 123.7% | 98.67% |
| 2023 | 47.7% | 0.0% | 47.7% | 0.19% |
| 2022 | 16.9% | -50.5% | 46.9% | 32.48% |
| 2021 | 2.1% | 2.1% | 40.9% | 100.00% |
NAV & Total Return History
PREOX - Holdings
Concentration Analysis
| PREOX | Category Low | Category High | PREOX % Rank | |
|---|---|---|---|---|
| Net Assets | 9.97 M | 529 K | 145 B | 98.31% |
| Number of Holdings | 81 | 2 | 2445 | 78.20% |
| Net Assets in Top 10 | 2.66 M | 120 K | 9.87 B | 98.50% |
| Weighting of Top 10 | 25.91% | 3.5% | 100.1% | 24.72% |
Top 10 Holdings
- DLH Holdings Corp 3.66%
- Natural Gas Services Group Inc 2.99%
- Willdan Group Inc 2.64%
- Quest Resource Holding Corp 2.63%
- Northern Technologies International Corp 2.56%
- First Internet Bancorp 2.35%
- Creative Realities Inc 2.34%
- U.S. Bank Money Market Deposit Account 2.33%
- Taylor Devices Inc 2.25%
- Gencor Industries Inc 2.16%
Asset Allocation
| Weighting | Return Low | Return High | PREOX % Rank | |
|---|---|---|---|---|
| Stocks | 97.91% | 7.51% | 107.74% | 66.73% |
| Cash | 3.67% | 0.00% | 42.24% | 27.07% |
| Other | 0.01% | -0.07% | 49.08% | 39.10% |
| Preferred Stocks | 0.00% | 0.00% | 6.06% | 94.55% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 94.54% |
| Bonds | 0.00% | 0.00% | 87.66% | 94.74% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PREOX % Rank | |
|---|---|---|---|---|
| Industrials | 27.80% | 2.46% | 37.42% | 7.60% |
| Technology | 25.25% | 0.00% | 43.95% | 3.23% |
| Healthcare | 16.64% | 0.00% | 26.53% | 9.89% |
| Consumer Cyclical | 9.09% | 0.99% | 47.79% | 78.52% |
| Real Estate | 5.09% | 0.00% | 29.43% | 72.05% |
| Financial Services | 4.49% | 0.00% | 35.52% | 99.43% |
| Utilities | 2.84% | 0.00% | 18.58% | 40.87% |
| Basic Materials | 2.65% | 0.00% | 18.66% | 90.87% |
| Consumer Defense | 2.57% | 0.00% | 18.87% | 82.32% |
| Communication Services | 2.35% | 0.00% | 14.85% | 58.17% |
| Energy | 1.23% | 0.00% | 37.72% | 88.40% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PREOX % Rank | |
|---|---|---|---|---|
| US | 97.91% | 4.48% | 107.74% | 59.96% |
| Non US | 0.00% | 0.00% | 94.62% | 95.49% |
PREOX - Expenses
Operational Fees
| PREOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 3.04% | 0.01% | 38.30% | 2.83% |
| Management Fee | 1.25% | 0.00% | 1.50% | 99.62% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| PREOX 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
| PREOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 71.74% |
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.
| PREOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 25.70% | 1.00% | 314.00% | 26.14% |
PREOX - Distributions
Dividend Yield Analysis
| PREOX | Category Low | Category High | PREOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 42.47% | 99.06% |
Dividend Distribution Analysis
| PREOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| PREOX | Category Low | Category High | PREOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.85% | -2.40% | 2.49% | 99.62% |
Capital Gain Distribution Analysis
| PREOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 23, 2024 | $0.270 | CapitalGainLongTerm |
| Nov 23, 2022 | $0.184 | CapitalGainLongTerm |
| Nov 23, 2021 | $1.369 | CapitalGainLongTerm |
| Nov 22, 2019 | $0.023 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.101 | CapitalGainShortTerm |
| Nov 14, 2018 | $0.991 | CapitalGainLongTerm |
| Nov 17, 2017 | $1.927 | CapitalGainLongTerm |
| Nov 18, 2016 | $0.021 | CapitalGainShortTerm |
| Nov 18, 2016 | $0.710 | CapitalGainLongTerm |
| Nov 20, 2015 | $0.218 | CapitalGainLongTerm |
| Nov 18, 2014 | $2.286 | CapitalGainLongTerm |
| Nov 20, 2013 | $0.393 | CapitalGainLongTerm |
| Nov 15, 2007 | $0.871 | CapitalGainLongTerm |
| Nov 15, 2007 | $0.722 | OrdinaryDividend |
| Nov 15, 2006 | $0.210 | OrdinaryDividend |
| Nov 15, 2006 | $0.552 | CapitalGainLongTerm |
| Sep 26, 2006 | $0.012 | CapitalGainShortTerm |
| Nov 30, 2005 | $0.220 | OrdinaryDividend |
| Nov 30, 2005 | $0.012 | CapitalGainLongTerm |
PREOX - Fund Manager Analysis
Managers
Michael Corbett
Start Date
Tenure
Tenure Rank
Aug 30, 2004
17.76
17.8%
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.
Matthew Brackmann
Start Date
Tenure
Tenure Rank
Feb 28, 2014
8.26
8.3%
Matthew Brackmann joined Perritt Capital Management, Inc as a research analyst in 2004, and was named Director of Trading in 2012. Mr. Brackmann received his B.A. in Finance from the University of Iowa in 2004 and is a Level 3 CFA Charter candidate.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.18 | 2.58 |