PERFORMANCE Average Annual Returns (%) for Period Ended 3/31/2014
  QTR YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS SINCE
INCEPTION
INCEPTION
DATE
I Shares 1.26 1.26 25.66 13.84 22.17 n/a 8.24 4/29/2005
Russell 2000 Index 1.12 1.12 24.90 13.18 24.31 8.53 9.69  
Lipper Small-Cap Core Funds Average 1.46 1.46 23.71 12.47 23.93 8.73 9.42  
Characteristics
  March 31, 2014
  Portfolio Benchmark
Number of Holdings N/A 1,976
W. Avg Cap. (mils) $3,558.2 $1,701.3
W. Median Cap (mils) $1,663.4 $1,433.2
P/E 1-year trailing 14.8 19.9
P/E 1-year forward 15.2 19.6
EPS Growth, past 3 years 12.3% 17.5%
EPS Growth, next 3 - 5 years 10.5% 15.2%
Price to Book 2.0 2.3
Price to Sales 0.8 1.2
Dividend Yield 1.3% 1.3%
Active Share 96.6% N/A
December 31, 2013
Portfolio Benchmark
N/A 2,004
$3,477.2 $1,605.0
$1,670.3 $1,440.6
15.3 19.7
15.4 20.5
11.5% 17.2%
10.8% 15.5%
2.1 2.3
0.8 1.2
1.2% 1.2%
96.6% N/A
December 31, 2012
Portfolio Benchmark
N/A 1,978
$1,343.7 $1,175.3
$1,279.5 $1,025.4
12.3 14.7
12.3 16.3
17.1% 19.8%
13.4% 15.1%
1.5 0.1
0.6 0.9
1.5% 1.5%
96.2% N/A
Returns Based Statistics (3 Year)
  March 31, 2014
  Portfolio Benchmark
Average Annual Return 13.84% 13.18%
Standard Deviation 16.17% 16.78%
Beta vs. Market 0.92 1.00
Excess Return 0.65% 0.00%
R-Squared 91.76% 100.00%
Tracking Error 4.82% 0.00%
Information Ratio 0.14 0.00
Sharpe Ratio 0.85 0.78
December 31, 2013
Portfolio Benchmark
16.43% 15.67%
16.08% 16.68%
0.93 1.00
0.75% 0.00%
92.36% 100.00%
4.61% 0.00%
0.16 0.00
1.02 0.94
December 31, 2012
Portfolio Benchmark
11.26% 12.25%
19.80% 20.48%
0.95 1.00
-0.99% 0.00%
95.90% 100.00%
4.15% 0.00%
-0.24 0.00
0.56 0.59
Sector Weights / Percentage of Holdings (ex-cash)
  March 31, 2014
  Portfolio Benchmark + / -
Consumer Disc. 12.80% 13.04% -0.24%
Consumer Staples 4.54% 3.69% 0.85%
Energy 4.06% 5.61% -1.55%
Financials 20.00% 23.23% -3.23%
Health Care 9.86% 13.39% -3.54%
Industrials 18.75% 14.51% 4.24%
Information Tech 22.44% 17.79% 4.65%
Materials 5.69% 4.88% 0.80%
Telecomm Services 1.87% 0.72% 1.15%
Utilities 0.00% 3.14% -3.14%
December 31, 2013
Portfolio Benchmark + / -
15.15% 13.75% 1.40%
4.48% 3.80% 0.68%
3.14% 5.46% -2.33%
19.06% 22.77% -3.71%
9.68% 13.24% -3.56%
18.54% 14.50% 4.04%
22.93% 17.81% 5.12%
5.53% 4.91% 0.62%
1.49% 0.75% 0.74%
0.00% 3.01% -3.01%
December 31, 2012
Portfolio Benchmark + / -
16.82% 14.02% 2.80%
5.77% 3.51% 2.26%
9.53% 6.05% 3.48%
19.09% 22.90% -3.80%
13.23% 12.09% 1.14%
13.87% 15.48% -1.61%
12.97% 16.60% -3.63%
5.32% 5.29% 0.03%
0.89% 0.70% 0.18%
2.51% 3.36% -0.84%
PERFORMANCE ATTRIBUTIONRelative to the Russell 2000 Index for the quarter ending 3/31/2014
Performance Attribution Chart
Latest Quarter Attribution

Sector
Portfolio
Average Weight
Benchmark
Average Weight
Portfolio
Return
Benchmark
Return
Sector
Selection
Stock
Selection
Total
Effect
Information Tech 22.53% 18.00% 0.52% 0.36% -0.02% 0.02% 0.00%
Financials 19.50% 22.83% 0.94% 1.37% 0.01% -0.05% -0.04%
Industrials 18.51% 14.36% -2.67% 0.84% -0.01% -0.68% -0.68%
Consumer Disc. 14.28% 13.14% 7.28% -3.18% -0.14% 1.53% 1.38%
Health Care 10.04% 13.99% 0.32% 3.73% -0.07% -0.43% -0.50%
Materials 5.58% 4.84% -1.30% 0.84% 0.00% -0.13% -0.12%
Consumer Staples 4.44% 3.64% -2.64% 1.94% 0.02% -0.20% -0.18%
Energy 3.46% 5.40% 25.62% 5.01% -0.04% 0.65% 0.61%
Telecomm Services 1.66% 0.77% 20.24% 1.67% 0.00% 0.31% 0.31%
Utilities 0.00% 3.04% 0.00% 5.37% -0.12% 0.00% -0.12%
Total 100.00% 100.00% 1.79% 1.12% -0.37% 1.02% 0.67%
Top 10 Stock Contributors to Relative Return
Company Sector Impact
CEC Entertainment, Inc . Consumer Disc. 0.65%
Exterran Holdings, Inc. Energy 0.38%
McClatchy Company Class A Consumer Disc. 0.38%
EPL Oil & Gas, Inc. Energy 0.24%
Becton, Dickinson and Company Health Care 0.19%
SVB Financial Group Financials 0.18%
ICF International, Inc. Industrials 0.17%
Atlantic Tele-Network, Inc. Telecomm Services 0.15%
Knightsbridge Tankers Limited Energy 0.15%
DST Systems, Inc. Information Tech 0.15%
Top 3 Sector Contributors to Relative Return
Sector Relative Weight Impact
Consumer Staples Overweight 0.02%
Financials Underweight 0.01%
Telecomm Services Overweight 0.00%
 
Top 5 Stock Contributors to Absolute Return
Stock Name Sector Contribution
CEC Entertainment, Inc . Consumer Disc. 0.66%
Exterran Holdings, Inc. Energy 0.44%
McClatchy Company Class A Consumer Disc. 0.40%
EPL Oil & Gas, Inc. Energy 0.27%
Becton, Dickinson and Company Health Care 0.26%
Bottom 10 Stock Contributors to Relative Return
Company Sector Impact
SkyWest, Inc Industrials -0.36%
Unisys Corporation Information Tech -0.29%
Worthington Industries, Inc. Materials -0.22%
Mindray Medical International Ltd. Sponsored ADR Class A Health Care -0.22%
Matson, Inc. Industrials -0.19%
Brown Shoe Company, Inc. Consumer Disc. -0.19%
Ducommun Incorporated Industrials -0.18%
Plexus Corp. Information Tech -0.17%
Insperity, Inc. Industrials -0.16%
Kemper Corporation Financials -0.15%
Bottom 3 Sector Contributors to Relative Return
Sector Relative Weight Impact
Consumer Disc. Overweight -0.14%
Utilities Underweight -0.12%
Health Care Underweight -0.07%
 
Bottom 5 Stock Contributors to Absolute Return
Stock Name Sector Contribution
SkyWest, Inc Industrials -0.36%
Unisys Corporation Information Tech -0.26%
Worthington Industries, Inc. Materials -0.22%
Mindray Medical International Ltd. Sponsored ADR Class A Health Care -0.17%
Ducommun Incorporated Industrials -0.17%
PERFORMANCE ATTRIBUTIONRelative to the Russell 2000 Index for the period ending 3/31/2014
Performance Attribution Chart
1-Year Attribution

Sector
Portfolio
Average Weight
Benchmark
Average Weight
Portfolio
Return
Benchmark
Return
Sector
Selection
Stock
Selection
Total
Effect
Financials 19.86% 22.94% 28.79% 16.76% 0.28% 2.25% 2.53%
Information Tech 17.23% 17.55% 35.70% 30.36% -0.18% 0.73% 0.55%
Industrials 15.77% 14.44% 16.74% 26.83% 0.07% -1.66% -1.59%
Consumer Disc. 15.36% 13.86% 47.17% 25.03% 0.02% 2.70% 2.72%
Health Care 12.32% 13.05% 15.82% 36.63% -0.06% -2.10% -2.16%
Energy 6.01% 5.65% 41.64% 22.11% 0.01% 0.60% 0.61%
Materials 5.47% 4.92% 32.82% 14.46% -0.02% 0.99% 0.97%
Consumer Staples 5.34% 3.72% 17.63% 32.87% 0.20% -0.31% -0.11%
Utilities 1.35% 3.13% -0.86% 12.95% 0.09% -0.15% -0.06%
Telecomm Services 1.28% 0.74% 54.26% 28.82% -0.01% 0.32% 0.31%
Total 100.00% 100.00% 28.55% 24.79% 0.39% 3.38% 3.76%
Top 10 Stock Contributors to Relative Return
Company Sector Impact
Grand Canyon Education, Inc. Consumer Disc. 1.18%
Exterran Holdings, Inc. Energy 0.75%
Sanmina-SCI Corporation Information Tech 0.74%
Brown Shoe Company, Inc. Consumer Disc. 0.71%
SVB Financial Group Financials 0.64%
USANA Health Sciences, Inc. Consumer Staples 0.60%
ViroPharma Incorporated Health Care 0.53%
Plexus Corp. Information Tech 0.45%
PrivateBancorp, Inc. Financials 0.45%
Jones Group Inc. Consumer Disc. 0.42%
Top 3 Sector Contributors to Relative Return
Sector Relative Weight Impact
Financials Underweight 0.28%
Consumer Staples Overweight 0.20%
Utilities Underweight 0.09%
 
Top 5 Stock Contributors to Absolute Return
Stock Name Sector Contribution
Grand Canyon Education, Inc. Consumer Disc. 1.83%
Sanmina-SCI Corporation Information Tech 1.61%
Brown Shoe Company, Inc. Consumer Disc. 1.30%
Exterran Holdings, Inc. Energy 1.24%
SVB Financial Group Financials 1.16%
Bottom 10 Stock Contributors to Relative Return
Company Sector Impact
SkyWest, Inc Industrials -1.32%
Mindray Medical International Ltd. Sponsored ADR Class A Health Care -0.96%
Casey's General Stores, Inc. Consumer Staples -0.56%
Ship Finance International Limited Energy -0.48%
Matson, Inc. Industrials -0.48%
ProAssurance Corporation Financials -0.42%
Portland General Electric Company Utilities -0.42%
Madison Square Garden Company Class A Consumer Disc. -0.39%
Acorda Therapeutics, Inc. Health Care -0.38%
TeleTech Holdings, Inc. Information Tech -0.38%
Bottom 3 Sector Contributors to Relative Return
Sector Relative Weight Impact
Information Tech Underweight -0.18%
Health Care Underweight -0.06%
Materials Overweight -0.02%
 
Bottom 5 Stock Contributors to Absolute Return
Stock Name Sector Contribution
SkyWest, Inc Industrials -0.74%
Mindray Medical International Ltd. Sponsored ADR Class A Health Care -0.41%
Casey's General Stores, Inc. Consumer Staples -0.33%
Matson, Inc. Industrials -0.29%
TeleTech Holdings, Inc. Information Tech -0.17%

Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Fund or the Fund could underperform because of the following risks: the market prices of stocks held by the Fund may fall; the individual investments of the Fund may not perform as expected; and/or the Fund's portfolio management practices may not achieve the desired result. Prices of small cap stocks can be more volatile than those of larger, more established companies. Small cap companies are more likely to have more limited product lines, fewer capital resources and less depth of management than larger companies.

I800ATT FOR INSTITUTIONAL INVESTOR AND BROKER/DEALER USE ONLY. NOT FOR PUBLIC DISTRIBUTION.