Needham Small Cap Growth Fund

 

Overview

NASDAQ Symbol: NESGX
Load: No-Load
Assets (03/31/13): $51.0M
Inception Date: 5/22/02


 

  • Expertise in growth sectors including technology, healthcare and specialty retail
  • Sound valuation discipline of buying growth companies at a reasonable price
  • Invest in venture-backed Post IPO opportunities
  • Invest for long-term capital appreciation with tax efficiency
  • "Know the management" approach
  • Shorting permitted
  • Experienced investment professionals
  • Total 3-year return since 03/31/10 of 16.38%

 

Investment Objective

The Needham Small Cap Growth Fund (the “Fund”) seeks to create long-term, tax-efficient capital appreciation for its shareholders by investing primarily in equity securities of smaller growth companies which the Fund believes are trading at a discount to their underlying value and have the potential for superior long-term growth.

Portfolio Manager Profile

Chris Retzler

Telephone: (212) 705-0424
Email: cretzler@needhamco.com

Chris Retzler is the Fund Manager of the Needham Small Cap Growth Fund (NESGX) since January 2008. He also co-manages the Needham Growth Fund (NEEGX). He joined Needham Asset Management in 2005, coming from Winterkorn, where he spent the previous three years. Prior to Winterkorn, Chris was part of Merrill Lynch’s Investment Banking from 1994 to 2002. He graduated with a BA from Bucknell University in 1993, moving on to become a Fulbright Scholar in 1994. He received his MBA from Columbia Business School in 1999.

The foregoing should not be deemed as an offer to buy an interest in any of the Needham Funds (the “Funds”). Shares are sold only through the currently effective prospectus. 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. Click here to go to the Download Library. Investment in the Funds involves investment risk, including the possible loss of principal. Please read the prospectus and consider the investment objectives, risks, and charges and expenses of the Funds carefully before you invest. The prospectus and the summary prospectus contain this and other information about the Funds.

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. Performance current to the most recent month-end may be obtained by calling 1-800-625-7071. The Funds’ use of short sales, options and futures strategies and leverage may result in significant capital loss. Although the Fund is classified as “diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”), the Fund may invest its assets in a smaller number of issuers than other, more diversified, funds. The Fund’s net asset value (“NAV”) may be more vulnerable to changes in the market value of a single issuer or group of issuers and may be relatively more susceptible to adverse effects from any single corporate, industry, economic, market, political or regulatory occurrence than if the Fund’s investments consisted of securities issued by a larger number of issuers.

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 60 days or less are subject to a short-term redemption fee of 2%.

Needham & Company, LLC, member FINRA/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.

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