(PUB) Investing 2015

32

Historical Performance

Historical Risk

Morningstar Rating vs.Category 5  Best

Total Return % 10-31-15

Total Return % Category Rank

12- Mo Yld %

Stand- ard Devia- tion (R²)

Risk Relative to Category

Morningstar Analyst Rating

1  Best, 100  Worst

A N N U A L I Z E D

Morningstar 500 Domestic Equity Small Growth (cont’d) Champlain Small Company Adv CIPSX

YTD 1 Yr

3 Yr

5 Yr

10 Yr YTD 1 Yr 3 Yr 5 Yr 10 Yr

— -0.9 1.5 13.8 12.1 7.9 — — — — — — 14.12 (54) —

„ QQQQ ˇ QQQ „ QQQQ ˇ QQQQQ ˇ ]QQQQQ

-1.0 0.6 13.1 12.4 9.4 55 62 65 45 11 0.0 12.44 (59) 0.3 2.4 13.5 12.0 7.0 36 46 57 56 77 0.0 13.32 (57)

-Avg -Avg +Avg

Columbia Acorn USA Z AUSAX

Conestoga Small Cap Investors CCASX

6.2 6.2 14.5 13.5 9.0

6 15 37 26 18 0.0 15.27 (46)

Janus Triton T JATTX

1.2 5.9 16.7 14.9 12.4 25 17 14 11 1 0.0 12.16 (68)

Low

Janus Venture T JAVTX

-0.3 5.1 17.1 15.7 10.3 45 20 10 5 4 0.0 13.38 (63) -3.2 -1.5 10.6 10.6 7.0 75 77 87 80 77 0.0 15.16 (57) -1.8 -0.9 9.9 10.8 6.6 62 73 90 78 82 0.0 13.92 (53) 1.4 3.2 15.4 14.0 10.2 23 34 25 20 5 0.0 15.23 (44) -3.9 -0.2 11.7 11.0 9.4 78 67 81 74 10 0.0 11.45 (64) -4.9 -1.7 — — — 82 78 — — — 0.0 — (—) 3.0 4.1 12.8 12.6 8.5 15 26 70 41 35 0.3 11.7 (70)

Avg

]QQQ

Kalmar Growth-with-Value Sm Cp Inv KGSCX

—

+Avg

„ QQ

LKCM Small Cap Equity Instl LKSCX

Avg

„ ]QQQQQ ´ QQQQ

Loomis Sayles Small Cap Growth Retail LCGRX

+Avg

Meridian Growth Legacy MERDX

Low

´

Meridian Small Cap Growth Investor MISGX Neuberger Berman Genesis Inv NBGNX Royce Pennsylvania Mutual Invmt PENNX

NR

´ ]QQQQ ˇ QQ „ QQ

Low -Avg -Avg Avg -Avg -Avg -Avg -Avg -Avg Low Low +Avg

-7.4 -6.8 -5.3 -6.6

9.3 8.7 6.6 93 95 93 92 83 0.3 13.49 (67)

7.2 8.2

Royce Premier Invmt RYPRX

7.9 83 94 98 94 53 0.4 13.38 (69)

QQ

Royce Smaller-Companies Growth Svc RYVPX

—

-0.7 0.9 12.3 9.6 6.7 50 60 77 87 79 0.0 14.47 (56)

„ QQQQQ „ QQQQQ „ QQQQ ˇ QQQ „ QQQ „ QQQQ Œ QQQ

T. Rowe Price Diversified Sm Cap Growth PRDSX

4.3 6.3 18.3 16.0 10.1 12 15 6 4 5 0.0 12.88 (67)

5.5 7.9 19.8 18.5 11.5

T. Rowe Price New Horizons PRNHX T. Rowe Price Small-Cap Stock OTCFX

8 11 2 1 1 0.0 12.89 (57)

-1.8 1.2 14.5 13.9 9.3 63 58 37 21 12 0.1 12.58 (63) -2.6 -0.6 15.4 12.7 7.6 70 71 25 38 62 0.1 13.32 (69)

Vanguard Explorer Inv VEXPX

Vanguard Small Cap Growth Index Admiral VSGAX

-1.5 0.1 13.9 13.0 9.0

58 65 50

34 19

1.6 12.72 (63)

Wasatch Core Growth WGROX Wasatch Small Cap Growth WAAEX Wasatch Ultra Growth WAMCX William Blair Small Cap Growth N WBSNX

4.4 6.5 14.3 14.6 8.2 12 14 43 15 44 0.0 11.95 (58) -1.8 0.7 10.8 11.3 7.8 62 62 86 69 55 0.0 12.38 (51)

QQ

6.1

— —

-0.6 3.0 13.0 10.4

49 37 67 83 89 0.0 14.99 (41)

]QQQ

-5.2 -3.6 15.0 11.3 6.2 83 83 31 70 88 0.0 13.74 (53)

Avg

Small Blend

— -2.4 -0.5 13.1 11.4 7.0 — — — — — — 13.2 (64) —

´ [QQQQ

AMG Managers Skyline Special Equities SKSEX ASTON/River Road Select Value N ARSMX ASTON/River Road Small Cap Value N ARSVX

-2.1 0.3 18.5 15.0 8.7 51 51 1 2 9 0.0 14.37 (57) 1.1 3.3 10.3 10.2 — 15 16 85 78 — 0.0 12.05 (68)

High Low Low

]QQQ

— —

QQQ

2.4 5.1 11.5 10.2 6.9

5 7 78 78 58 0.0 11.71 (64)

„ QQ

Berwyn BERWX

-9.3 -10.5 7.8 9.5 5.7 95 95 93 85 81 0.0 13.81 (52) -5.3 -5.7 14.6 13.8 6.7 85 87 35 16 62 0.0 15.24 (69) -7.3 -3.7 14.4 12.6 5.4 90 83 39 32 85 0.9 13.76 (50) -6.7 -4.2 13.7 11.2 8.9 87 84 51 60 8 0.0 12.92 (57) -1.5 1.1 15.5 13.7 7.5 44 41 21 18 38 0.8 13.96 (58) -0.3 2.3 15.6 13.8 8.6 29 26 19 15 12 1.0 13.45 (65) -2.4 2.2 15.7 11.4 10.2 55 27 18 56 3 0.0 16.08 (53)

Avg

QQQ QQQ

Bogle Small Cap Growth Inv BOGLX

—

High

Bridgeway Ultra-Small Company Market BRSIX

—

+Avg

„ QQQQ Œ QQQQ Œ QQQQ

Broadview Opportunity BVAOX DFA US Micro Cap I DFSCX DFA US Small Cap I DFSTX

Avg

+Avg

Avg

QQQ

Dreyfus Opportunistic Small Cap DSCVX

—

High

Œ QQQQQ ´ ]QQQ

-1.7 2.3 15.4 15.4 11.2

Fidelity Small Cap Discovery FSCRX Fidelity Small Cap Stock FSLCX Fidelity Stock Selector Small Cap FDSCX

47 27 22 1 1 0.3 12.74 (63) 2 2 30 88 41 0.6 11.96 (72)

Avg Low Avg Avg Avg Avg Avg -Avg Low -Avg -Avg -Avg -Avg Avg

5.1 7.4

14.9 9.0 7.4

QQQ

—

0.9 4.5 13.6 12.1 6.6 16 10 53 41 66 0.3 12.8 (65) -3.0 -2.4 14.4 — — 64 78 38 — — 0.4 12.93 (65) -5.1 -3.1 13.6 9.6 5.9 83 81 53 83 78 0.0 12.91 (52)

„ QQQ

Mairs & Power Small Cap MSCFX

QQ

Perritt MicroCap Opportunities Investor PRCGX

—

ˇ Q

1.0 0.5 4.4

Royce Low Priced Stock Svc RYLPX Royce Micro-Cap Invmt RYOTX Royce Special Equity Invmt RYSEX Royce Total Return Invmt RYTRX Stratton Small Cap Value STSCX

-7.7 -9.3 -12.0 -11.6

92 94 97 99 96 0.0 14.06 (50)

QQ

—

2.0 1.8 4.9 98 97 97 98 92 0.0 13.52 (49)

ΠQQQ

-7.3 -6.1 8.3 8.9 7.9 90 88 93 89 29 0.5 12.97 (58) -3.0 -2.4 10.4 9.8 6.8 66 77 85 81 61 2.0 11.69 (74) -2.7 -1.9 13.0 12.3 7.3 60 74 62 38 42 0.0 12.19 (67) -1.6 -0.3 10.9 11.3 7.6 44 58 82 58 37 0.7 12.25 (64) -0.7 1.9 14.5 13.2 — 33 32 38 24 — 0.8 12.44 (73) -1.2 1.0 15.1 13.3 8.7 41 43 27 21 11 2.3 12.32 (73) 0.5 3.3 16.2 14.5 8.7 21 16 12 6 11 1.8 12.75 (64)

QQQ

— —

QQQQ

´ QQQ

T. Rowe Price Small-Cap Value PRSVX Vanguard Explorer Value Inv VEVFX Vanguard Small Cap Index Adm VSMAX Vanguard Tax-Managed Small Cap Adm VTMSX

QQQQ

—

ΠQQQQ ΠQQQQ

Russell 2000 Index

-2.6 0.3 13.9 12.1 7.6 0.0 3.7 16.4 13.6 8.8

Russell 2000 Growth Index

Legend

Red  Lowest return in group Green  Highest return in group Italic  Extended performance

E  New this month ][  Increase/decrease in rating NR  No Morningstar Rating; fund less than three years old.