Perritt Micro Cap Opportunities Fund.
PRCGX
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- Perritt MicroCap Opportunities Fund (PRCGX) is a no-load mutual fund that seeks long-term capital appreciation through a diversified portfolio of equity securities in micro-cap companies with market capitalizations of $500 million or less at the time of purchase; the fund employs a bottom-up, fundamental stock selection process focusing on niche businesses with innovative products or services, superior management, favorable operating characteristics, and exceptional factors, blending value and growth stocks across sectors with typically 90-110 holdings, low turnover around 20%, and a gross expense ratio of 1.73%; it targets U.S. micro-cap equities exhibiting growth at a reasonable price (GARP) to deep value characteristics, confirmed via nine-point financial evaluations, fundamental research including executive meetings, and valuation assessments. Managed by Perritt Capital Management Inc., the fund operates from headquarters at 300 South Wacker Drive, Suite 2880, Chicago, Illinois; founded on April 11, 1988, as a successor to its predecessor fund with performance history dating to inception under the same adviser and strategies, it maintains assets under management of approximately $54.8 million as of early 2024 and imposes a 2% redemption fee on shares held less than 90 days. In a significant recent development, the fund acquired the assets and liabilities of the Perritt Ultra MicroCap Fund (PREOX), effective after the close of business on October 25, 2024, to consolidate operations, reduce expense ratios, leverage overlapping investment policies, and enhance scale while preserving the micro-cap focus; this tax-free reorganization, approved by the Board of Directors on August 5, 2024, integrates PREOX shareholders into PRCGX, providing continued exposure to ultra-micro-cap opportunities within the broader portfolio.