Needham Aggressive Growth  NEAGX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Mid-Cap Growth Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Small
   Growth
  
  
As of 2009-09-30
Day Change
$ -0.02
  
NAV (2009-11-20)
$ 11.78
  
YTD Return % (2009-11-20)
24.82%
  
Total Assets ($ mil)
21
View Data Definitions
  Performance    
Growth of $10,000 Fund: Needham Aggressive Growth
(from 2001-09-04 to 2009-10-31) Category: Mid-Cap Growth
Index: S&P 500 TR
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2001-09-04 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 24.82 41.77 1.78 6.91 --- 6.24
+/- Category -0.98 25.54 7.14 5.23 --- ---
+/- S&P 500 TR 1.30 -7.03 7.68 6.23 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 26.67 7.34 5.01 8.46 --- 6.92
Month-End (as of 2009-10-31) 20.95 18.03 2.03 6.99 --- 6.24
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 16.67 0.43 5.90 --- ---
On Distribution & Sale of Shares --- 13.04 1.64 5.98 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 749 funds), (5 yrs : out of 636 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is 2.00%.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
Information 29.76
Software 9.92
Hardware 11.93
Media 0.07
Telecommunications 7.84
Service 63.21
Healthcare 44.13
Consumer Services 13.72
Business Services 3.43
Financial Services 1.92
Manufacturing 7.04
Consumer Goods 2.22
Industrial Materials 4.81
Energy 0.00
Utilities 0.00
Asset Allocation
% of Net Assets
Cash 21.6
Stocks 78.4
Bonds 0.0
Other 0.0
Foreign Stocks 3.4
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings 58 Turnover % 45
Total Number of Bond Holdings 0 30 Day SEC Yield % ---
% of Assets in Top 10 Holdings 29.00 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %		 % of Net
Assets
Dreyfus Treasury Pr Cash Mgmt Inst --- --- --- 21.59
Varian Medical Systems, Inc. 14.51 30.17 3.82
Gilead Sciences, Inc. 24.33 -9.29 3.52
Express Scripts 17.73 54.77 3.51
Precision Castparts Corp. 8.00 73.66 2.82
Apple, Inc. 15.85 134.24 2.80
NuVasive, Inc. --- -2.45 2.63
Actuate Corporation 14.10 39.86 2.62
Candela Corporation --- 489.80 2.49
Dick's Sporting Goods, Inc. 11.60 52.94 2.42
Data through 2009-09-30
YTD Return through 2009-11-20
  Other Information
Fund Inception: 2001-09-04
Portfolio Manager  (Start Date)
Bernard Lirola  (2008-01-17)
Lirola is the Portfolio Manager and Executive Vice President of the Growth Fund and the Aggressive Growth Fund. Prior to joining Needham in 1994, he worked at Smith Barney, Harris Upham & Co. (1976-1978), CS First Boston (1978-1990) and Swiss Bank Corporation (1990-1994). Lirola was an early member of CS First Boston’s M&A group (1978), recruited by Joseph Perella and Bruce Wasserstein and headed CS First Boston’s M&A healthcare group (1985-1990). At Swiss Bank Corporation, he was Head of U.S. M&A activities (1990-1994). Lirola joined Needham in 1994 and was successively a Co-Head of Health Care, Co-Head of Investment Banking and a member of its Operating Committee. Between 1996 and 1999, he was also an equity research analyst covering the health care services industry. His current duties include portfolio management-related activities, including stock selection, research, company visits and market analysis.
Sales Charge %
(taken from prospectus dated 2009-08-26)
Front: None
Deferred: None
Expense Ratio % 2.50
based on net assets
(taken from annual report dated 2008-12-31)
Correspondence Information
445 Park Ave

New York,  NY  10022
USA
Telephone:
800-625-7071
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.