Less-Liquid Holdings Could Mean More-Solid Results, an analysis by Roger Ibbotson and Morningstar Research indicating that investing in less-liquid stocks produces risk-adjusted returns that rival or exceed those of the three best-known market anomalies: size, value, and momentum.
The Truth About Small Caps and Rising Rates, a research paper by Fidelity Investments which finds that small caps equities have historically performed well in rising rate environments, both in absolute terms and relative to large caps.
Ibbotson Finds Liquidity Rules, a Financial Advisor Magazine feature of a working paper by Roger Ibbotson and Zhiwu Chen demonstrating the positive historical impact of illiquid securities on investor returns.
Is U.S. Small Cap a Viable Alternative to U.S. Private Equity? Bruce Grantier, The Brandes Institute, April, 2009; a study by The Brandes Institute demonstrating how small cap equity can offer investors a viable alternative to private equity.
MicroCaps + Informational Inefficiency Active Opportunities. Steve Swartley, The Journal of Indexes, July/August 2010, a white paper by The Journal of Indexes demonstrating the potential advantage micro-cap investors can gain from the informational inefficiency of the micro cap asset class.
Before you invest in the Perritt MicroCap Opportunities Fund or Perritt Ultra MicroCap Fund, please refer to the prospectus for important information about the investment company, including investment objectives, risks, charges and expenses. You may also obtain a hard copy of the prospectus by calling 800-331-8936. The prospectus should be read carefully before you invest.
Mutual fund investing involves risk. Principal loss is possible. The Funds invest in smaller companies, which involve additional risks such as limited liquidity and greater volatility. The Funds invest in micro cap companies which tend to perform poorly during times of economic stress. The Ultra MicroCap Fund may invest in early stage companies which tend to be more volatile and somewhat more speculative than investments in more established companies.
Shares of the Perritt MicroCap Opportunities Fund and Perritt Ultra MicroCap Fund are offered only to United States residents, and information on this site is intended for such persons.
The Perritt Funds are distributed by Quasar Distributors, LLC.