Performance / Small-Cap Annualized

© 2008-2012 Daruma Asset Management, Inc.

Small-Cap Composite Net of Fees Annualized Returns vs. the Russell 2000

(as of 9/30/11)

Returns are stated gross of fees. For returns net of fees please refer to the Notes to Performance.

Performance from inception (07/28/95) through 09/30/11.

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