(PUB) Morningstar FundInvestor

32

Historical Performance

Historical Risk

Morningstar Rating vs.Category 5  Best

Total Return % 03-31-14

Total Return % Category Rank

12- Mo Yld %

Stand- ard Devia- tion

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) Brown Capital Mgmt Small Co Inv BCSIX

YTD 1 Yr

3 Yr

5 Yr 10 Yr YTD 1 Yr 3 Yr 5 Yr 10 Yr

(R²)

— 0.4 26.1 12.2 23.6 7.7 — — — — — — 17.1 (83) —

Œ QQQQQ ´ QQQ „ QQQ „ ]QQQ ´ QQQ „ QQQQ ˇ [QQQQ ˇ QQQQ ´ QQQ

-2.3 27.2 16.1 26.0 12.0 89 37 9 28 3 0.0 16.42 (69) -3.5 26.7 14.6 20.8 8.8 96 40 24 94 48 0.0 17.99 (83) 0.9 23.5 11.7 23.8 7.2 36 65 68 60 85 0.0 16.66 (86) -1.8 18.4 12.3 21.6 — 85 95 57 89 — 0.0 13.39 (84) 0.6 20.9 12.0 23.8 8.8 42 85 63 59 49 0.0 17.34 (84) -6.0 23.2 14.4 23.2 10.2 100 68 25 70 14 0.0 16.17 (75) -1.8 22.1 13.7 26.1 — 85 77 34 26 — 0.0 14.15 (86) -2.7 24.2 14.9 27.2 10.1 90 59 20 13 16 0.0 14.54 (86) -3.5 25.3 12.9 25.0 8.7 96 49 47 42 54 0.0 16.37 (80)

Avg

Buffalo Small Cap BUFSX

+Avg Avg Low Avg -Avg Low Low -Avg

Century Small Cap Select Inv CSMVX Champlain Small Company Adv CIPSX

Columbia Acorn USA Z AUSAX

Conestoga Small Cap CCASX

Janus Triton T JATTX Janus Venture T JAVTX

Kalmar Growth-with-Value Sm Cp Inv KGSCX

3.7 24.5 14.8 28.5 8.5

QQQQ

Litman Gregory Masters Smlr Coms Instl MSSFX —

5 56 20 5 61 0.0 16.43 (85)

Avg

„ QQQ

LKCM Small Cap Equity Instl LKSCX

-1.3 22.3 10.7 24.2 9.6 80 76 80 53 24 0.0 16.48 (84) 1.5 31.4 14.7 26.1 11.3 23 15 22 26 5 0.0 15.62 (81)

Avg

QQQQQ

Loomis Sayles Small Cap Growth Retail LCGRX Royce Low Priced Stock Svc RYLPX Royce Pennsylvania Mutual Invmt PENNX

—

-Avg +Avg

-1.3 17.6

„ Q „ QQQ

2.1 13.7

6.4 16 98 99 99 92 0.0 19.31 (79)

0.3 23.2 11.0 23.4 9.4 53 69 78 68 32 0.0 16.60 (89)

Avg

QQ

Royce Value Plus Svc RYVPX

—

3.4 25.3 10.0 20.8 8.6

7 49 86 94 57 0.0 18.45 (85)

+Avg

´ QQQQ ´ QQQQQ „ QQQQQ ˇ ]QQQQ „ WWWW „ QQQQ Œ QQQQ — [QQ

T. Rowe Price Diversified Sm Cap Growth PRDSX

-0.4 27.6 14.8 27.5 10.0 69 35 20 11 17 0.0 17.18 (88)

Avg

1.7 33.7 19.5 30.5 12.0

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

20 9 1 1 3 0.0 15.06 (83)

-Avg -Avg +Avg

2.1 24.9 14.9 27.4 10.7 16 53 19 12 7 0.0 16.10 (91) -1.8 23.4 9.9 23.4 8.5 86 66 87 67 60 0.0 18.66 (83) 0.8 29.3 14.5 25.2 8.8 37 24 24 36 52 0.0 16.77 (90)

Vanguard Explorer Inv VEXPX

Avg

Vanguard Small Cap Growth Index Admiral VSGAX Wasatch Core Growth WGROX Wasatch Small Cap Growth WAAEX Wasatch Ultra Growth WAMCX William Blair Small Cap Growth N WBSNX

1.6 25.0

13.7 27.1 10.2

22 52

33 15 14

0.6 — (—)

-1.1 19.7 14.8 26.1 7.9 77 91 21 26 76 0.0 13.20 (86) 0.9 21.3 13.2 25.1 9.1 35 83 41 40 39 0.0 13.26 (84)

Low Low Low

5.9

QQ

— —

3.6 29.4 12.0 26.3

5 24 63 23 94 0.0 14.29 (80)

QQQ

1.4 33.3 15.6 25.2 8.2 25 10 14 37 69 0.0 17.82 (86)

+Avg

Small Blend

— 1.4 24.1 12.6 24.1 8.2 — — — — — — 16.9 (87) —

QQ

Ariel Discovery Investor ARDFX

—

-0.7 16.4 10.0 — — 94 97 88 — — 0.0 17.05 (76) -0.3 17.3 6.1 19.4 9.1 90 96 96 95 36 0.2 16.20 (85) 12.1 18.5 — 59 98 64 98 — 0.2 13.13 (86) 1.0 14.2

Avg

Œ QQ ´ QQ ´ QQ „ QQQQ „ QQQQ ´ QQQ „ QQQQ Œ QQQQ Œ QQQQ Œ QQQQQ ´ Q ´ ]QQQ Œ QQQ ´ QQQ ´ QQQQ ´ QQQ — QQ — QQQ ˇ [QQ

Artisan Small Cap Value Investor ARTVX ASTON/River Road Select Value N ARSMX ASTON/River Road Small Cap Value N ARSVX

-Avg Low Low +Avg High +Avg +Avg

2.0 18.5 12.3 18.3

— 24 92 61 98 — 0.2 13.45 (84)

Berwyn BERWX

0.4 24.1 13.5 26.6 10.2 84 50 38 15 16 0.0 18.57 (86)

17.7 30.9 8.9 23 3 3 2 41 0.1 19.30 (89)

Bogle Small Cap Growth Inv BOGLX

2.1 31.8 2.2 35.3

7.0

Bridgeway Ultra-Small Company Market BRSIX

16.8 25.2

21 2 7 31 84 1.0 17.90 (85)

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

1.1 26.3 13.6 25.6 10.0 57 27 37 25 19 0.0 17.85 (87) 0.6 30.2 15.6 27.3 8.7 78 6 16 11 47 0.5 17.14 (90) 0.8 27.5 14.8 27.7 9.6 69 18 23 9 27 0.8 16.89 (91) 1.0 31.7 13.0 27.8 11.2 62 3 48 8 6 0.0 22.51 (85) 1.1 23.5 11.5 25.4 7.8 53 57 76 28 69 0.1 16.67 (91)

Avg Avg

Dreyfus Opportunistic Small Cap DSCVX Fidelity Advisor Stock Selector Sm Cp FDSCX

High

Avg Avg

0.5 20.0 16.9 30.9 12.3

Fidelity Small Cap Discovery FSCRX Fidelity Small Cap Stock FSLCX

79 88 7 2 1 0.1 16.77 (87)

0.5 19.2 5.3 21.1 7.3 80 90 96 85 80 0.3 19.41 (89) 0.7 29.1 12.1 25.9 8.5 73 9 65 21 51 0.0 18.37 (83)

High High +Avg Low Low -Avg -Avg

Perritt MicroCap Opportunities Investor PRCGX

-0.8 17.5

2.1 20.0 7.9 95 95 99 92 69 0.1 18.13 (81)

Royce Micro-Cap Invmt RYOTX Royce Special Equity Invmt RYSEX Royce Total Return Invmt RYTRX Stratton Small Cap Value STSCX T. Rowe Price Small-Cap Value PRSVX

-0.8 18.2 12.0 20.0 8.9 95 94 68 92 42 0.1 13.90 (84) 0.6 20.7 12.2 21.6 8.7 79 84 62 81 47 0.8 13.71 (93)

4.9 27.3 15.9 24.0 10.3

3 19 12 52 14 0.0 15.21 (91)

1.0 20.8 13.3 24.1 10.2 62 83 41 49 15 0.3 15.53 (90)

QQQQ

Vanguard Explorer Value Inv VEVFX

—

1.9 23.0 14.7 — — 26 61 24 — — 0.5 15.60 (93)

-Avg

Russell 2000 Growth Index

0.5 27.2 13.6 25.2 8.9 1.1 24.9 13.2 24.3 8.5

Russell 2000 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.