SMALL CAP GROWTH

BEST OVERALL SMALL CAP GROWTH FUND

Nicholas Limited Edition N (NNLEX)

WE DON'T LIKE: We wanted a lowish fee, low minimum, SMALL fund to replace previous favorite Janus Triton that isn't throwing the dice but isn't a closet index either. We also didn't want a fund loaded with mining stocks, like many Royce funds. Big fish can consider the lower fee, 100k min Nicholas Limited Edition I (NCLEX).

A FAVORITE BECAUSE: Not the best fund for a big turnaround in small cap growth stocks (which we are not expecting). Not as techy as some smaller cap growth funds

Named Favorite: 09/11
Return While Favorite: 65.51%
VS. S&P While Favorite: -22.33%
MAXrating: 55
Outlook: -1%
Expense Ratio: 1.21%

SMALL CAP GROWTH SPECIAL CRITERIA WINNERS

BEST OPEN-END SMALL CAP GROWTH FUND

Nicholas Limited Edition N (NNLEX)

Named Favorite: 09/11
Return While Favorite: 65.51%
VS. S&P While Favorite: -22.33%
MAXrating: 55
Outlook: -1%
Expense Ratio: 1.21%

BEST SMALL CAP GROWTH ETF

Vanguard Small Cap Growth ETF (VBK)

Named Favorite: 11/09
Return While Favorite: 42.15%
VS. S&P While Favorite: 23.60%
MAXrating: NA
Outlook: NA
Expense Ratio: NA

BEST LOW MINIMUM SMALL CAP GROWTH FUND

Nicholas Limited Edition N (NNLEX)

Named Favorite: 09/11
Return While Favorite: 65.51%
VS. S&P While Favorite: -22.33%
MAXrating: 55
Outlook: -1%
Expense Ratio: 1.21%

BEST NTF SMALL CAP GROWTH FUND

Nicholas Limited Edition N (NNLEX)

Named Favorite: 09/11
Return While Favorite: 65.51%
VS. S&P While Favorite: -22.33%
MAXrating: 55
Outlook: -1%
Expense Ratio: 1.21%

SMALL CAP GROWTH PREVIOUS FAVORITES

Fund Name/Ticker: Added Removed Return Vs. S&P
Janus Fd Inc-Triton Fund (JATTX) 05/0709/1139.90%47.78%
UMB Scout Small Cap Fund (UMBHX) 11/0909/1139.86%18.26%
Meridian Growth Fund (MERDX) 09/0111/0971.59%58.19%
Schroder US Opportunities Inv (SCUIX) 09/0111/0988.65%75.25%
Fidelity Small Cap Growth Fund (FCPGX) 05/0511/096.97%13.54%
Neuberger Berman Fasciano Inv (NBFSX) 08/0205/0768.23%-11.28%
J Hancock Small Cap Fund A (DSISX) 08/0202/0549.04%12.14%
Buffalo Small Cap Fund (BUFSX) 09/0112/0344.93%34.23%
KAYNE ANDRSN RDNICK SM-MD (KASMX) 09/0112/0316.48%5.52%
Wasatch Small Cap Growth (WAAEX) 09/0108/02-1.32%9.50%

SMALL CAP GROWTH TRANSACTIONS

10/11 - Removed Janus Fd Inc-Triton Fund (JATTX). Reason for removal: Fund became too fat (asset bloat).

10/11 - Added Nicholas Limited Edition N (NNLEX). Added as Best Open-End and Best Overall Small Cap Growth fund.

11/09 - Added UMB Scout Small Cap Fund (UMBHX). Added as Best Small Cap Growth Low Minimum Fund.

11/09 - Added Vanguard Small Cap Growth ETF (VBK). Added as Best Small Cap Growth Exchange Trade Fund.

11/09 - Removed Meridian Growth Fund (MERDX). Reason for removal: Better option in special criteria sub-category.

11/09 - Removed Schroder US Opportunities Inv (SCUIX). Reason for removal: Better option in special criteria sub-category.

11/09 - Removed Fidelity Small Cap Growth Fund (FCPGX). Reason for removal: Better option in special criteria sub-category.

05/07 - Removed Neuberger Berman Fasciano Inv (NBFSX). Reason for removal: Erratic or inconsistent performance.

05/07 - Added UMB Scout Small Cap Fund (UMBHX). Named a favorite Small Cap Growth fund.

02/05 - Removed J Hancock Small Cap Fund A (DSISX). Reason for removal: No load fund converted to load fund class structure.

12/03 - Removed Buffalo Small Cap Fund (BUFSX). Reason for removal: Fund became too fat (asset bloat).

12/03 - Removed KAYNE ANDRSN RDNICK SM-MD (KASMX). Reason for removal: No load fund converted to load fund class structure.

08/02 - Removed Wasatch Small Cap Growth (WAAEX). Reason for removal: Closed to new investors.