Micro Cap Fund
Commentary
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Manager Commentary as of 12/31/10 After a summer slowdown markets were reignited in the second half of 2010. In the fourth quarter, the confirmation of additional stimulus through quantitative easing (QE2), lower tax rates, and November elections which handed control of the House to the Republicans spurred renewed optimism in the U.S. economic recovery. Smaller companies continued to be the market leaders as the Russell Micro Cap Growth Index was up for the quarter nearly double the S&P 500 Index. Click here for holdings Click here for definitions. |

