Firm’s Three Funds Recognized for Consistently Strong Risk-Adjusted Performance
NEW YORK, March 10, 2022–(BUSINESS WIRE)–Needham Investment Management, a boutique growth equity asset manager, today announced that it is one of eight fund families in the nation to receive a 2022 Refinitiv Lipper Fund Award for superior firm-wide results. The firm was awarded Best Group for Small Company Equity based on risk-adjusted performance for the past three years. Additionally, each of its three mutual funds won 2022 Refinitiv Lipper Fund Awards for delivering strong risk-adjusted returns over three-year or five-year time periods ending December 31, 2021.
"We are honored that Refinitiv has recognized Needham Investment Management as well as each Needham mutual fund," said George Needham, Chairman of the Board of The Needham Group. "We believe our style of active small- and mid-cap stock picking can generate long-term alpha, and John Barr and Chris Retzler, the funds’ portfolio managers, have done outstanding jobs in delivering strong risk-adjusted results to Needham Funds’ shareholders. We believe the U.S. remains the best place in the world to be investing, and we continue to see opportunities to invest in small- and mid-cap growth stocks."
Needham Small Cap Growth Fund, managed by Chris Retzler since 2008, invests primarily in smaller growth companies that he believes are trading at a discount to their underlying value, yet have the potential for superior long-term growth. The fund has now been recognized by Refinitiv Lipper for three consecutive years. Refinitiv Lipper ranked the fund among top "Small Cap Core" funds for the three and five-year periods ending December 31, 2021.
Needham Aggressive Growth Fund, managed by John Barr since 2010, seeks to invest in undervalued equities and to hold them for many years. Refinitiv Lipper ranked the fund among top "Small Cap Growth" funds for the three-year period ending December 31, 2021.
Needham Growth Fund, launched in 1996 and managed by both Mr. Retzler and Mr. Barr since 2009 and 2010, respectively, is a multi-cap strategy fund that seeks to invest in undervalued equities and to hold them for many years. Refinitiv Lipper ranked the fund among top "Multi Cap Core" funds for the three-year period ending December 31, 2021.
Robert Jenkins, Global Head of Research, Refinitiv Lipper, said:
"The 2022 Refinitiv Lipper Fund Awards recognize award winning managers who are successfully facing down market factors not seen in decades, including rising inflation, a thinning labor pool and continuing constraints on the global supply chain. Markets are ebbing and flowing along with the sentiments and emotions of investors as the pandemic continues to cloud outlooks and change perspectives. Fund managers find themselves looking beyond earnings statements and factoring in impacts of viral waves – making active management more challenging than ever. We applaud the 2022 Refinitiv Lipper Fund Award winners, such as Needham Investment Management, for delivering outperformance and the accompanying comfort of consistency to investors’ portfolios in a time of unprecedented change."
About Needham Investment Management
Needham Investment Management, LLC ("NIM") manages over $850 million in public equity investments. With an emphasis on tax-efficient capital appreciation and preservation, NIM’s investment strategies seek above-average growth at value prices in varying styles of market capitalization and rate of growth targets.
Refinitiv Lipper Fund Awards United States 2022 Winner, Needham Small Cap Growth Fund, Best Small Cap Core Fund Over Three and Five Years.
Refinitiv Lipper Fund Awards United States 2022 Winner, Needham Aggressive Growth Fund, Best Small Cap Growth Fund Over Three Years.
Refinitiv Lipper Fund Awards United States 2022 Winner, Needham Growth Fund, Best Multi Cap Core Fund Over Three Years.
Refinitiv Lipper Fund Awards Winner United States 2022, Best Equity Small Company Fund Family Group Over Three Years.
About Refinitiv Lipper Awards
The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see www.lipperfundawards.com. Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.
The Lipper Fund Awards Methodology:
The merit of the winners is based on objective, quantitative criteria. The influential and prestigious Refinitiv Lipper Fund Awards are based on our Lipper Leaders Rating for Consistent Return. Individual classifications of three, five, and 10-year periods, as well as fund families with high average scores for the three-year period, are also recognized. The awards are based on Refinitiv Lipper’s proven proprietary methodology, which can be viewed here.
The information presented is not intended as personalized investment advice and does not constitute a recommendation to buy or sell a particular security or other investments. Past performance is no guarantee of future results.
This message is not an offer of the Needham Growth Fund, the Needham Aggressive Growth Fund or the Needham Small Cap Growth Fund. Shares are sold only through the currently effective prospectus. Please read the prospectus or summary prospectus carefully and consider the investment objectives, risks and charges and expenses of the Funds carefully before you invest. The prospectus and summary prospectus contain this and other information about the Funds and can be obtained on our website, www.needhamfunds.com, or by contacting the Funds’ transfer agent U.S. Bancorp Fund Services LLC doing business as U.S. Bank Global Fund Services ("Fund Services") at 1-800-625-7071.
Investment returns and principal value will fluctuate, and when redeemed, shares may be worth more or less than their original cost. Performance data quoted represents past performance, and does not guarantee future results. Current performance may be higher or lower than these results. Performance current to the most recent month-end may be obtained by calling our transfer agent at 1-800-625-7071. Total return figures include reinvestment of all dividends and capital gains.
All three of the Needham Funds have substantial exposure to small and micro capitalized companies. Funds holding smaller capitalized companies are subject to greater price fluctuation than those of larger companies. The coronavirus disease 2019 (COVID-19) global pandemic and the aggressive responses taken by many governments or voluntarily imposed by private parties, including closing borders, restricting travel and imposing prolonged quarantines or similar restrictions, as well as the closure of, or operational changes to, many retail and other businesses, have had negative impacts, and in many cases severe negative impacts, on markets worldwide. It is not known how long such impacts, or any future impacts of other significant events described above, will or would last, but there could be a prolonged period of global economic slowdown, which may impact your Fund investment. Needham & Company, LLC, member FINRA/SIPC, is the distributor of The Needham Funds, Inc.
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Firm’s Three Funds Recognized for Consistently Strong Risk-Adjusted Performance