Needham Funds - Mutual Funds - Needham Aggressive Growth Fund

Strategy

Investment Process

Market Leaders – The Fund targets the equities of companies with strong, above-average prospective growth rates. The Fund invests, in general, in markets and industries with strong growth rates, focusing on the market leaders in these areas. Also important is the long-term sustainability of that leadership position. Thus, the Fund looks for companies with strong management teams, superior balance sheets, above-average margins that can generate excess cash, and strong R&D and brand spending in industries with high barriers to entry.
Risk Management – To moderate the volatility and risk inherent in high-growth companies, the Fund uses hedging techniques, primarily short sales, to foster more consistent returns. The Fund typically targets for short sale companies with small or eroding market shares, weakening balance sheets and low or declining margins in industries with low competitive barriers to entry.
Bottom Up – Central to the Fund’s investment strategy is a sound valuation discipline that seeks to acquire growth companies at reasonable prices. Since we are looking for sound, long-term growth opportunities, we are patient in waiting for attractive valuations to build positions.

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.