Small Cap Growth Opportunities

FRMPX

Objective

Growth of capital.

Fund Facts

318941580
Small Growth
Small-Cap Growth
5.50%
$2500
1.48%
1.80%

Daily PriceChange as of 7/29/2010

Nav
Day ($)
Day (%)
YTD (%)
$17.29 -0.08 0.00 +4.66
Total Net Assets (All Classes)
$170.10 million as of 6/30/2010

Fund Performance

 
Total Returns as of 6/30/2010
Average Annualized Returns as of 6/30/2010
Fund Name
1 mth
3 mth
YTD
1 yr
3 yr
5 yr
10 yr
Since Incept.
Inception Date
NAV -7.20 -8.99 -0.12 25.86 -5.77 0.94 1.71 14.11 8/1/1995
POP -12.28 -14.02 -5.61 18.96 -7.52 -0.20 1.13 13.68 8/1/1995
Lipper Small Cap Growth Funds Category Average -6.36 -9.20 -2.50 19.13 -8.71 0.23 -0.81 -- --
Russell 2000 Growth Index -6.71 -9.22 -2.31 17.96 -7.54 1.14 -1.72 -- --

Distinguishing Characteristics

  • Collaboration with our fundamental and quantitative research teams, as well as the Small Cap Select and Small Cap Value teams, to identify what we believe are the best opportunities in the small-cap growth arena, and to make timely buy and sell decisions.
  • Identification of secular trends (e.g., changing demographics, shift from analog to digital, difficulty in replacing energy reserves) that may provide the opportunity for above-average growth for particular industries.

Portfolio Managers

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Robert S. McDougall, CFA

Equity Portfolio Manager
  • Began working in the financial industry in 1988
  • B.B.A. from the University of Michigan and M.B.A. from the University of Chicago; CFA Institute member; Milwaukee Investment Analysts Society member
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Jon Loth, CFA

Equity Portfolio Manager
  • Began working in the financial industry in 1994
  • B.S. from the University of Minnesota Carlson School of Management; CFA Institute member; CFA Society of Minnesota member

Net and gross expense ratios are based on the fund's most recent fiscal year end.  The net expense ratio reflects an agreement by the fund's advisor to cap fund expenses, not including the expenses of any other investment companies in which the fund invests ("acquired fund fees and expenses"), at a certain level as set forth in the fund's prospectus.  The advisor's contractual expense cap agreement will be in effect at least through the date listed in the table below, and may not be terminated before then without the approval of the fund's board of directors.  However, because the fund's net expense ratio includes acquired fund fees and expenses, the fund's net expense ratio at any point in time may differ from the ratio presented.

Fee Waivers- contractual agreements in effect by asset category:


Apply to Agreement in effect until

Equity funds:Small Cap Growth Opportunities, Mid Cap Select

February 28, 2011

Equity funds: Quantitative funds

February 28, 2011

Equity funds: Index funds

February 28, 2011

Equity funds: Global Infrastructure, International, International Select

February 28, 2011

Equity funds: Tactical Market Opportunities

February 28, 2011

Taxable Fixed Income funds

October 31, 2010

Tax-Exempt Fixed Income funds

October 31, 2010

Asset Allocation funds

December 31, 2010


 

 

 

Performance shown is historical and does not guarantee future results. Current performance may be lower or higher. Because share price, principal value, and return will vary, you may have a gain or loss when you sell fund shares. For current month-end performance information, call 800.677.FUND. Performance assumes the reinvestment of dividends and capital gains.

Net Asset Value(NAV) performance does not reflect the current maximum sales charge(load).  Had the sales charge been included, the fund's returns would have been lower.

Public offering price (POP) returns are based on the price at which shares are offered to the public and reflect the fund's NAV as increased by the maximum sales charge(load) for purchases.

Investment performance reflects fee waivers. Without such waivers, total returns would be reduced.

The fund invests in small-cap companies, which involve additional risks such as limited liquidity and greater volatility.
Morningstar Category:  Morningstar categories represent a universe of funds with similar investment objectives, and are provided by Morningstar, Inc
Lipper Category: Lipper categories represent a universe of funds with similar investment objectives, and are provided by Lipper, Inc.
Russell 2000 Growth Index:
The unmanaged Russell 2000 Growth Index tracks the performance of companies within the Russell 2000 with a greater-than-average growth orientation.

You cannot invest directly in an index or average.