Needham Funds - Mutual Funds - Needham Aggressive Growth Fund

Fund Facts and Proxy Voting Record

Needham Aggressive Growth Fund Proxy Voting Record
To view the Needham Aggressive Growth Fund Proxy Voting Record, click here.

Top 10 Holdings *
Security	Ticker	% of Total Investments **
Varian Medical Systems, Inc.	VAR	4.10%
Express Scripts, Inc.	ESRX	3.80%
Gilead Sciences, Inc.	GILD	3.80%
Super Micro Computer, Inc.	SMSC	3.60%
Volcano Corp.	VOLC	3.50%
Iron Mountain, Inc.	IRM	3.20%
Apple Computer, Inc.	APPL	2.90%
Netezza Corp.	NZ	2.90%
Precision Castparts Corp.	PCP	2.90%
ViaSat, Inc.	VSAT	2.90%
Top Ten Holdings		33.40%
As of 03/31/10. Current portfolio holdings may not be indicative of future portfolio holdings. *Percentage of total investments as of 03/31/10.

Capitalization Exposure *
Class	% of Total Long Investments
Micro Cap	16.23%
Small Cap	52.88%
Mid Cap	21.40%
Large Cap	9.49%
	100.00%
*Based on total long portfolio as of 03/31/10.

Sector Weightings*
Sector	Long	(Short)	Total
Healthcare	29.1%	-	29.1%
Energy	-	-	-
Industrial/Defense/Chemicals	2.5%	(0.4)%	2.1%
Financial Services	0.5%	(0.4)%	0.1%
Business Services/Software	9.8%	(0.6)%	9.2%
Consumer/Retail/Airline	8.7%	(0.7)%	8.0%
Technology	28.0%	(1.6)%	26.4%
Telecommunications/Cable	6.9%	-	6.9%
Cash	18.2%	-	18.2%
*Percentage of total investments as of 03/31/10, which includes all stocks plus cash minus all short positions.

Fund Information & Statistics
Net Assets	$29.3 million
NAV	$13.69
Minimum Initial Investment	$5,000 / $1,500 for IRA
Minimum Subsequent Investment	$500 / No minimum for IRA
NASDAQ Symbol	NEAGX
Load	No-Load
Inception Date	9/4/01
Expense Ratio	2.18%
12b-1 Fees	0.25%
Redemption Fee	2.00% within 60 days
Shareholder Services	Citi Fund Services Ohio, Inc. 3435 Stelzer Road Columbus, OH 43219
Adviser	Needham Investment Management, LLC 445 Park Avenue New York, NY 10022-2606
Contact	Investor Services 1-800-625-7071

Needham & Company, LLC is a wholly owned subsidiary of The Needham Group, Inc. and a privately held full-service investment bank with the mission of helping emerging growth companies achieve their potential. The firm is headquartered in New York City with offices in Boston, Menlo Park and San Francisco. In addition to investment banking, Needham's principal activities include institutional sales and trading, asset management and venture capital. To serve its institutional clients, Needham & Company, LLC produces comprehensive equity research on more than 375 companies in the technology, healthcare, consumer, and industrial growth industries. For more information, please visit www.needhamco.com.

Needham Asset Management, LLC is a wholly owned subsidiary of The Needham Group, Inc. and an investment management firm specializing in investing in the equity securities of growth companies, with a focus on the technology, healthcare, business services and consumer sectors. The firm's product offerings include public mutual funds, limited partnerships and private equity funds.

Needham Investment Management, LLC, an SEC registered investment adviser, is the Investment Adviser of the Needham Growth Fund and an affiliate of Needham & Company, LLC.

Includes Barclays Capital, Brown Brothers Harriman, Charles Schwab Mutual Fund OneSource®, E*TRADE Securities, Fidelity Funds Network®, Fiserv, JP Morgan, Lazard Capital Markets, Morgan Stanley, Needham & Company, LLC, Pershing, Prudential Investment Management Services, Raymond James, T.D. AMERITRADE, and Vanguard.

The foregoing should not be deemed as an offer to buy an interest in any of the Needham Funds. Shares are sold only through the currently effective prospectus, which must precede or accompany this site. Please read the prospectus and consider the investment objectives, risks, and charges and expenses of the Funds carefully before you invest. The prospectus contains this and other information about the Funds. Total return figures include reinvestment of all dividends and capital gains. Investment returns and principal value will fluctuate and when redeemed, shares may be worth more or less than their original cost. Shares held less than 60 days are subject to a short-term redemption fee of 2%. The results contained on this site represent past performance of the Funds. Past performance does not guarantee future results and current performance may be higher or lower than these results. The investment risks of the Funds are increased by the Funds' non-diversified status, by the Funds' ability to invest in smaller company stocks, privately-held companies and IPOs. Also, the Fund's use of short sales, options and futures strategies and leverage may result in significant capital loss.

Needham & Company, LLC, member NASD/SIPC, is the distributor of The Needham Funds, Inc.

THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

Complete information on the Needham Funds, including a current prospectus, is available for downloading and should be read prior to making any decision to invest. Investment in the Fund involves investment risk, including the possible loss of principal. Click here to go to the Download Library

For details regarding the Needham Funds, please contact Needham Investment Management, LLC at 1-800-625-7071.