NEW YORK--(BUSINESS WIRE)--Needham Asset Management, a specialized growth equity manager, today announced that Needham Small Cap Growth Fund (NESGX) has won 2021 Refinitiv Lipper Fund Awards in the Small-Cap Core category for delivering strong risk-adjusted returns over three-year and five-year time periods ended December 31, 2020. The Fund also won Refinitiv Lipper’s 2020 Awards for three- and five-year performance. The 2021 awards were announced March 11, 2021.
The Fund, managed by Chris Retzler since 2008, seeks long-term capital appreciation by primarily investing 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.
“We are honored that Refinitiv has once again recognized Needham Small Cap Growth Fund’s performance,” said Mr. Retzler. “We believe our style of active, eclectic small-cap stock picking can generate long-term alpha and has a place in investors’ portfolios. 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 stocks. Most importantly, we see a revolution happening in technology that has created and continues to create investment opportunities. We see opportunity in our strategy of investing in companies that we know well and that we believe are positioned with secular growth drivers.”
“This year’s Refinitiv Lipper Fund Awards recognized the steadfast resolve of award-winning managers and firms who successfully navigated one of the sharpest market downturns and recoveries on record enabling investors to maintain a level of economic confidence amidst a backdrop of uncertainty,” said Robert Jenkins, Head of Research, Lipper, Refinitiv. “In a year that endured the impacts of an unprecedented global humanitarian crisis, in which markets reflected investors’ emotions of shock and optimism, there was a degree of solace in having one’s financial fortunes overseen by the stewardship of professional money managers. We congratulate the 2021 Refinitiv Lipper Fund Award winners and wish Needham Small Cap Growth Fund continued success.”
About Needham Asset Management
Needham Asset Management, LLC manages over $750 million in public equity investments. With an emphasis on tax-efficient capital appreciation and preservation, our investment strategies seek above-average growth at value prices in varying styles of market capitalization and rate of growth targets.
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 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 in this commentary is not intended as personalized investment advice and does not constitute a recommendation to buy or sell a particular security or other investments.
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 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.
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.
Needham & Company, LLC, member FINRA/SIPC, is the distributor of The Needham Funds, Inc.