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TICKER:KGSCX
Fund PerformanceThe Kalmar “Growth-with-Value” Small Cap Fund seeks to provide above average returns with below average risk over full market cycles. Throughout the years, the Fund has done just that—rewarding investors with a favorable risk/return relationship. Over time, the Kalmar approach to smaller company investing has produced meaningful account value differences for investors.
Risk Characteristics as of 12/31/11
| Morningstar's Rating as of 12/31/111  Among 676 Small Growth Funds The Overall Morningstar Rating is based on risk adjusted return, derived from a weighted average of the 3-, 5-, and 10-year Morningstar metrics.
Morningstar Style Box™
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Fund Performance as of 12/31/11
| Morningstar Category: Small Growth | Average Annualized Total Return | |||||
| Inception Date: 4/11/97 | Quarter | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception |
| Kalmar "Growth-with-Value" Small Cap Fund |
14.32% | 0.50% | 21.77% | 3.96% | 6.25% | 7.84% |
| Russell 2000® Growth Index | 14.99% | -2.91% | 19.00% | 2.09% | 4.48% | 4.74% |
| Russell 2000® Index | 15.47% | -4.18% | 15.63% | 0.15% | 5.62% | 6.69% |
| Morningstar Small Growth Cat. | 13.54% | -3.55% | 18.45% | 1.31% | 4.38% | NA |
| Percentile Rank (based on Total Return) | NA | 19% | 21% | 14% | 17% | NA |
| # Funds in Small Growth Cat. | NA | 764 | 676 | 573 | 368 | NA |
The Fund's annual operating expense ratio, as stated in the current propectus, is 1.48%. The Fund's annual operating expense ratio can fluctuate and may differ from that found in the prospectus. The Fund imposes a 2.00% redemption fee on shares redeemed within 90 days of purchase. |
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The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain performance data current to the most recent month-end, contact the investment advisor at 800-463-6670. To speak with a representative about the Kalmar “Growth-with-Value” Small Cap Fund, please call a fund representative at 800-282-2319.
Risk Considerations: The Fund primarily invests in growth stocks with the potential for significant growth and may be more volatile because they are more sensitive to market conditions. The Fund may seek to buy these stocks at undervalued prices and this involves the risk that the securities may remain undervalued for an extended period of time and may not realize its full potential. Investments in small cap securities may involve greater risks due to higher volatility and less liquidity than larger more established companies.
Morningstar Small Growth Category measures the performance of the small capitalization stocks that are growing faster than the rest of the market. Russell 2000® Index is an unmanaged total return index of the smallest 2000 companies in the Russell 3000 Index, as ranked by total market capitalization. Russell 2000® Growth Index measures the performance of the small-cap growth segment of the U.S. equity universe. It includes those Russell 2000 companies with higher price-to-value ratios and higher forecasted growth values. The indices mentioned here-in are unmanaged and not available for direct investment. Unlike a mutual fund, the performance of these indices assumes no taxes, transaction costs, management fees or other expenses.
Standard deviation shows the degree of variation in the Fund's returns and can serve as a useful measure of a Fund's risk. Higher standard deviation represents higher volatility.
1Star ratings are based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The overall rating is a weighted average of the 3-, 5-, and 10-year (if applicable) returns. 5 stars = top 10% of funds in a category; 4 stars = next 22.5% of funds; 3 stars = middle 35%; 2 stars = next 22.5%; 1 star = bottom 10%. Ratings are subject to change monthly. The Fund received 4 stars for the 3-year, 5-year and 10-year periods ended 9/30/11 among 661, 564 and 358 small growth funds, respectively.
The highest or most favorable Morningstar percentile rank is 1 and the lowest percentile rank is 100. The top-performing fund in a category will always receive a rank of 1. Various rating agencies categorize funds differently. Past performance is no guarantee of future results.
©2011 Morningstar, Inc. All Rights Reserved. Morningstar and/or its content providers are the proprietors of this information; do not permit its unauthorized copying or distribution; do not warrant it to be accurate, complete or timely; and are not responsible for damages or losses arising from its use.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. This and other important information can be found in the Fund’s prospectus. To obtain a free prospectus, please call 800-282-2319 or visit www.kalmarinvestments.com. Please read the prospectus carefully before investing.
Shares of the Kalmar Pooled Investment Trust are distributed by BNY Mellon Distributors Inc., King of Prussia, PA., not an adviser affiliate.