Needham Small Cap Growth Fund

  • Retail Share: NESGX | Institutional Share: NESIX
    Assets (03/31/17): $33M | Inception Date: 5/22/02

Performance as of 3/31/2017

Comparative Performance (as percentage)
   1st Quarter 1 Year 3 Years 5 Years 10 Years Since Inception
Needham Small Cap Growth Fund Retail Class 1.51% 23.97% 7.58% 7.49% 7.31% 10.23%
After Taxes on Distributions 1.51% 21.60% 5.73% 6.38% 6.10% 9.02%
After Taxes on Distributions & Redemptions 0.85% 14.57% 5.51% 5.67% 5.73% 8.54%
S&P 500 TR† 6.07% 17.17% 10.37% 13.30% 7.51% 7.54%
NASDAQ Composite Index†† 10.13% 22.95% 13.53% 15.40% 10.61% 8.64%
Russell 2000 Total Return Index††† 2.47% 26.22% 7.22% 12.35% 7.12% 8.64%

The Needham Small Cap Growth Fund inception date is 5/22/02. Performance data quoted represents past performance and does not guarantee future results. Figures include changes in principal value, reinvested dividends and capital gains distributions. Investment return and principal value will vary, and shares may be worth more or less at redemption than at original purchase. Current performance may be lower or higher than the performance data quoted. Please visit www. needhamfunds.com or call 1-800-625-7071 for the most current month-end performance data.

**Performance for any periods prior to the inception date of Institutional Class Shares are based on the historical performance of the Retail Class Shares adjusted to assume the expenses associated with Institutional Class Shares.

Growth of $10,000 Investment

An initial investment of $10,000 as of May 22, 2002 (inception) would be worth $42,480 (Retail Shares) and $46,005 (Institutional Shares) as of March 31, 2017.

NESGX Q3 2013
Retail Institutional
Average annual return since inception 05/22/02 – 3/31/17   10.23%   10.82%
Total return for the 12 months ended 3/31/17   24.97%   24.63%
Total return for the quarter ended 3/31/17   1.51%   1.64%

The chart illustrates the performance of a hypothetical $10,000 investment made in the Fund since the fund's inception. Assumes reinvestment of dividends and capital gains, but does not reflect the effect of redemption fees. This chart does not imply any future performance.
† S&P 500 Stock Index is a broad unmanaged measure of the U.S. stock market.
†† NASDAQ Composite Index is broad-based capitalization-weighted index of all NASDAQ Global Market and Small Cap Stocks
††† Russell 2000 Index is a broad unmanaged index comprised of the smallest 2000 companies in the Russell 3000 Index.