(PUB) Investing 2015

32

Historical Performance

Historical Risk

Morningstar Rating vs.Category 5  Best

Total Return % 12-31-14

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) Champlain Small Company Adv CIPSX

YTD 1 Yr

3 Yr

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

(R²)

— 2.4 2.4 18.1 15.5 8.0 — — — — — — 13.65 (61) —

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

4.1 4.1 16.2 15.2 10.2 36 36 77 58 5 0.0 11.22 (56) 3.6 3.6 17.8 13.9 7.6 42 42 54 79 69 0.0 13.44 (63) 15.1 14.6 8.5 97 97 88 69 39 0.0 14.8 (46) 9.5 9.5 20.2 18.6 — 4 4 22 10 — 0.0 10.66 (69) -8.0 -8.0

Low Avg

Columbia Acorn USA Z AUSAX

Conestoga Small Cap Investors CCASX

+Avg

Janus Triton T JATTX Janus Venture T JAVTX

Low Low Avg Avg Avg Low

10.2 10.2 22.3 18.8 10.0

2 2 6 8 7 0.0 11.53 (63)

Kalmar Growth-with-Value Sm Cp Inv KGSCX

-7.2 -7.2 14.7 15.3 7.4 96 96 90 55 73 0.0 13.86 (56) 12.8 14.8 7.7 88 88 96 64 65 0.0 13.97 (63) 0.8 0.8 17.7 17.1 10.5 70 70 56 25 4 0.0 13.79 (49) -3.1 -3.1

LKCM Small Cap Equity Instl LKSCX

Loomis Sayles Small Cap Growth Retail LCGRX

Meridian Growth Legacy MERDX

9.4 9.4 16.4 16.0 9.3

4 4 74 41 17 0.0 10.7 (66)

20.3 20.3

Meridian Small Cap Growth Investor MISGX

— — — 1 1 — — — 0.0 — (—)

Royce Pennsylvania Mutual Invmt PENNX

-0.7 -0.7 15.5 12.8 8.0 78 78 85 89 57 0.3 12.63 (71)

-Avg +Avg -Avg

3.9 3.9 16.6 11.3

Royce Value Plus Svc RYVPX

7.1 38 38 72 95 77 0.0 14.51 (65)

T. Rowe Price Diversified Sm Cap Growth PRDSX

6.4 6.4 21.1 19.2 10.2 17 17 16 5 5 0.0 12.55 (72) 6.1 6.1 22.5 21.4 11.5 19 19 6 1 3 0.0 12.94 (59) 6.9 6.9 20.2 18.1 9.8 13 13 22 14 8 0.1 11.89 (68)

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

Avg

-Avg

Vanguard Explorer Inv VEXPX

3.9 3.9 19.9 16.6 8.2 38 38 25 32 49 0.1 12.59 (73)

-Avg -Avg Low Low +Avg

Vanguard Small Cap Growth Index Admiral VSGAX

4.0 4.0 19.2 16.8 9.5

36 36 30

28 13

1.0 12.55 (71)

Wasatch Core Growth WGROX Wasatch Small Cap Growth WAAEX Wasatch Ultra Growth WAMCX

6.1 6.1 18.1 16.7 7.4 19 19 49 31 73 0.0 11.18 (69) 2.6 2.6 16.3 15.2 8.1 54 54 75 57 54 0.0 10.93 (55)

6.0

QQ

—

3.4 3.4 16.4 15.2

44 44 74 57 90 0.0 14.45 (47)

22.8 13.3 6.6 54 54 4 85 82 0.0 13.28 (62)

QQQ

William Blair Small Cap Growth N WBSNX

—

2.6 2.6

Avg

Small Blend

— 3.8 3.8 17.8 14.6 7.5 — — — — — — 12.81 (70) —

´ QQQQQ

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

4.0 4.0 23.5 18.4 9.7 57 57 2 5 7 0.0 14.32 (70) -0.3 -0.3 13.7 12.3 — 86 86 90 87 — 0.0 10.65 (64) -0.4 -0.4 13.9 11.4 — 88 88 89 91 — 0.0 10.98 (63) 15.3 14.7 7.8 96 96 82 56 42 0.0 14.51 (64) 2.3 2.3 23.7 18.3 8.4 73 73 2 5 26 0.0 14.8 (75) -4.6 -4.6 4.6 4.6 23.7 16.8 6.2 49 49 2 18 83 0.8 14.06 (63) 3.1 3.1 18.8 16.0 9.6 68 68 44 30 8 0.0 13.26 (73) 2.9 2.9 20.9 17.5 7.8 68 68 17 10 43 0.7 13.66 (68) 4.4 4.4 20.7 17.4 8.8 52 52 18 10 18 0.8 12.94 (72) 1.0 1.0 21.7 15.4 10.4 80 80 10 42 3 0.0 15.32 (62)

High Low Low High High

QQ QQ

— —

„ [QQ „ QQQQ

Berwyn BERWX

Bogle Small Cap Growth Inv BOGLX

´ QQQ

Bridgeway Ultra-Small Company Market BRSIX

High

QQQQ

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

—

Avg

ΠQQQQ ΠQQQQ

+Avg

Avg

QQQ

Dreyfus Opportunistic Small Cap DSCVX

—

High

7.0 7.0 22.4 19.5 12.0

ΠQQQQQ

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

17 17 6 2 1 0.2 12.45 (68)

Avg

´ QQ ˇ QQ

7.2 7.2 16.3 10.3 7.1 15 15 74 94 66 0.5 12.04 (77) 3.5 3.5 16.6 15.6 7.0 65 65 70 36 67 0.3 12.54 (71) -4.1 -4.1 15.9 13.8 6.4 95 95 78 70 78 0.0 12.89 (63)

-Avg

Avg Avg Avg

[QQ

Litman Gregory Masters Smlr Coms Instl MSSFX —

24.6

QQQQQ

Mairs & Power Small Cap MSCFX

—

6.7 6.7

— — 20 20 1 — — 0.3 12.23 (62)

´ [QQ ˇ Q

Perritt MicroCap Opportunities Investor PRCGX

0.2 0.2 19.7 13.5 7.5 83 83 30 74 55 0.0 14.19 (64)

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

4.5 5.1 5.3

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

-3.4 -3.4

94 94 99 99 94 0.0 15.12 (57)

QQ

—

-4.1 -4.1 7.9 7.5 6.8 95 95 97 97 72 0.0 14.44 (57) 1.1 1.1 14.7 12.5 8.2 79 79 85 86 31 0.5 12.15 (64) 1.3 1.3 15.5 13.3 7.5 79 79 80 77 53 1.8 10.87 (76) 3.1 3.1 18.2 15.3 8.2 67 67 50 43 32 0.0 11.41 (76) 0.1 0.1 16.1 14.3 8.3 83 83 76 63 27 0.7 11.9 (68) 4.8 4.8 19.8 — — 46 46 29 — — 0.8 11.7 (78) 20.5 16.9 9.1 13 13 20 17 13 1.4 12.03 (78) 6.2 6.2 20.2 17.3 9.1 25 25 24 13 14 1.0 12.44 (69) 7.5 7.5

ΠQQQ

QQQ

—

QQQQ

Stratton Small Cap Value STSCX 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

—

´ QQQ

QQQQ

—

ΠQQQQ ΠQQQQ

Avg

Russell 2000 Growth Index

5.9 5.9 20.3 16.9 8.6 5.0 5.0 19.3 15.6 7.8

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.