PREOX Fees and Costs — Perritt Ultra MicroCap Fund, Investor Class
Data updated: 2024-09-23
The net expense ratio is 3.04%: a 1.25% management fee plus 1.79% other expenses. This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $33K in broker commissions, 0.2901% of average net assets, and portfolio turnover was 27%.
PREOX Fees and Expenses
Annual operating expenses and sales charges of PREOX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.79% |
| Gross expense ratio | 3.04% |
| Fee waiver | — |
| Net expense ratio | 3.04% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PREOX Costs Over Time
On $10,000 invested in PREOX, assuming 5% a year before costs, total costs come to $1,988 over 5 years, cutting the return by 3.50% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 3.04%) | $319 | $972 | $1,645 |
| Trading costs (broker commissions) | $30 | $93 | $157 |
| Lost growth on money paid in costs | $0 | $54 | $187 |
| Total costs | $350 | $1,118 | $1,988 |
| Value after costs | $10,150 | $10,458 | $10,775 |
| Impact on return, per year | 3.50% | 3.50% | 3.50% |
PREOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.2901%
- Total broker commissions: $33K
- Bought from dealers (principal trades, not a cost): $257K
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $132K
- Net income from securities lending: $6K (0.053% of average net assets)
PREOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Clear Street, LLC. | $7K | 21.24% |
| Wedbush Securities Inc. | $7K | 21.18% |
| Roth Capital Partners LLC | $6K | 19.31% |
| BTIG LLC | $4K | 12.38% |
| Barrington Research Associates Inc. | $4K | 11.54% |
| Northland Securities, Inc. | $1K | 3.60% |
| RBC Capital Markets, LLC. | $1K | 3.46% |
| D.A. Davidson & Co. | $862 | 2.74% |
| Alliance Global Partners, LLC. | $724 | 2.30% |
| Jonestrading Institutional Services LLC | $711 | 2.26% |
PREOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Craig Hallum Capital Group LLC | $108K | 42.02% |
| RBC Capital Markets, LLC. | $99K | 38.52% |
| Alliance Global Partners, LLC. | $50K | 19.46% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.