Needham Funds - Mutual Funds - Needham Aggressive Growth Fund

Performance

Performance

An initial investment of $10,000 as of September 4, 2001 (inception) would be worth $19,652 as of March 31, 2010.

Average annual total return since inception 9/4/01 – 03/31/10

Total return for the 12 months ended 03/31/10

Total return for the quarter ended 03/31/10

1. S&P 500 Index is a broad unmanaged measure of the U.S. stock market.
2. NASDAQ Composite Index is a broad-based capitalization-weighted index of all NASDAQ Global Market and Small Cap stocks
3. Russell 2000 Index is a broad unmanaged index comprised of the smallest 2,000 companies in the Russell 3000 Index.

Comparative Performance (as percentage)
	1^st Quarter^A	1 Year^B	3 Years^C	5 Years^D	Since Inception^E
Needham Aggressive Growth Fund	10.58%	54.89%	4.80%	9.35%	8.20%
Needham Aggressive Growth Fund (after taxes on distributions)	10.58%	54.86%	3.69%	7.84%	7.22%
Needham Aggressive Growth Fund (after taxes on distributions and redemption)	6.88%	35.71%	3.92%	7.53%	6.79%
S&P 500 Index†	5.39%	49.77%	-4.15%	1.92%	3.35%
NASDAQ Composite Index††	5.91%	58.36%	0.59%	4.60%	6.42%
Russell 2000 Index†††	8.85%	62.77%	-3.99%	3.38%	7.68%
(A) 1/1/10–03/31/10 (B) 03/31/09–03/31/10 (C) 03/31/07–03/31/10 (annualized return) (D) 03/31/05–03/31/10 (annualized return) (E) 9/4/01–03/31/10 (annualized return)		† The S&P 500 is a broad unmanaged measure of the U.S. stock market. †† The NASDAQ Composite Index is a broad-based capitalization-weighted index of all NASDAQ Global Market and Small-Cap stocks. ††† The Russell 2000 Index is a broad unmanaged index composed of the smallest 2,000 companies in the Russell 3000 Index.

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.