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Forbes, November 8, 2010 Edition
"The Best Small Companies in America"

Forbes asked Ryan Crane, senior portfolio manager for Stephens Investment Management Group, to participate in Forbes' annual review of America's Best Small Companies.  Mr Crane was one of six small-cap "Gurus" asked to choose companies that he identified as compelling small caps based on several metrics.  The article contains a list of 100 small cap companies that were identified as some of America's best.


PSN Top Guns Special Edition, June 30, 2010
"Stephens Small-Mid Cap Growth Separate Account Strategy Named 5 Star TOP GUN"

The PSN universes were created using the information collected through the PSN investment manager questionnaire and use only gross of fee returns.  Mutual fund and commingled fund products are not included in the universe.  Products must have an R-Squared of 0.80 or greater relative to the style benchmark for a five year period ending June 30, 2010.  Moreover, products must have returns greater than the style benchmark for the three latest three-year rolling periods ending June 30, 2010.  At this point, the top ten performers for the latest 3 year period become the 4 STAR TOP GUNS.  Products are then selected which have a standard deviation fo rthe five year period equal or less than the median standard deviation for the peer group.  The top ten performers for the latest 3 year period become the 5 STAR TOP GUNS.  There were 125 managers and 164 products within the Mid Cap Growth Separate Account Universe for this time period.

"Stephens Small-Mid Cap Growth Separate Account Strategy Named 1 Star TOP GUN"

The PSN universes were created using the information collected through the PSN investment manager questionnaire and use only gross of fee returns.  Mutual fund and commingled fund products are not included in the universe.  The top 10 performers then become the 1 STAR TOP GUNS.  These top performers are strictly based on quarterly returns for the period ending June 30, 2010.  There were 125 managers and 164 products within the Mid Cap Growth Separate Account Universe for this time period.


The Street.com, March 16, 2010
"Get Ready for Oil Prices to Spike Again"

TheStreet.com interviewed Ryan Crane, senior portfolio manager for Stephens Investment Management Group, as part of TheStreet's Fund Manager Five Spot, where America's top mutual fund managers give their best stock picks in five fast and furious questions.  The topic of this interview was energy stocks and the potential for an oil crisis on the horizon.  In addition, Mr. Crane provided his thoughts on a few specific stocks, sectors, and investment themes.

These articles have been prepared solely for informative purposes as of their stated date and are not a solicitation, or an offer, to buy or sell any security. They do not purport to be a complete description of the securities, markets or developments referred to in the materials. Information included in the articles was obtained from sources considered to be reliable, but has not been independently verified and is not guaranteed to be accurate or complete. All expressions of opinion apply on the date of issuance of the articles. No subsequent publication or distribution of these articles shall mean or imply that any such information or opinion remains current at any time after the stated date of the article. You will not be advised of any changes in any such information or opinion. Additional information is available upon request.

PSN Top Guns Special Edition December 31, 2009
"Stephens Small Cap Growth Separate Account Strategy Named 6 Star TOP GUN"
The PSN universes were created using the information collected through the PSN investment manager questionnaire and use only gross of fee returns. Mutual fund and commingled fund products are not included in the universe. Products must have an R-Squared of 0.80 or greater relative to the style benchmark for a five year period ending December 31, 2009. Moreover, products must have returns greater than the style benchmark for the three latest three-year rolling periods ending December 31, 2009. At this point, the top ten performers for the latest 3 year period become the 4 STAR TOP GUNS. Products are then selected which have a standard deviation for the five year period equal or less than the median standard deviation for the peer group. The top ten performers for the latest 3 year period become the 5 STAR TOP GUNS. The top ten information ratios for the latest five-year period ended December 31, 2009 then become the 6 STAR TOP GUNS. There were 182 managers and 239 products within the
Small Cap Growth Separate Account Universe for this time period.


PSN Top Guns Special Edition December 31, 2009
"Stephens Small-Mid Cap Growth Separate Account Strategy Named Bull & Bear Master"
The PSN universes were created using the information collected through the PSN investment manager questionnaire and use only gross of fee returns. Mutual fund and commingled fund products are not included in the universe. Products must have an R-Squared of 0.80 or greater relative to the style benchmark for a three year period ending December 31, 2009. Moreover, products must have an upside market capture over 100 and a downside market capture less than 100 relative to the style benchmark. There were 61 managers and 69 products within the Small-Mid Growth Separate Account Universe for this time period. The top ten ratios of Upside Capture Ratio over Downside Capture Ratio become the PSN Bull & Bear Masters.


PSN Top Guns Special Edition September 30, 2009
"Stephens Small-Mid Cap Growth Separate Account Strategy Named Bull & Bear Master"
The PSN universes were created using the information collected through the PSN investment manager questionnaire and use only gross of fee returns. Mutual fund and commingled fund products are not included in the universe. Products must have an R-Squared of 0.80 or greater relative to the style benchmark for a three year period ending September 30, 2009. Moreover, products must have an upside market capture over 100 and a downside market capture less than 100 relative to the style benchmark. There were 59 managers and 61 products within the Small-Mid Growth Separate Account Universe for this time period. The top ten ratios of Upside Capture Ratio over Downside Capture Ratio become the PSN Bull & Bear Masters.


PSN Top Guns Special Edition June 30, 2009
"Stephens Small-Mid Cap Growth Separate Account Strategy Named Bull & Bear Master"
The PSN universes were created using the information collected through the PSN investment manager questionnaire and use only gross of fee returns. Mutual fund and commingled fund products are not included in the universe. Products must have an R-Squared of 0.80 or greater relative to the style benchmark for a three year period ending June 30, 2009. Moreover, products must have an upside market capture over 100 and a downside market capture less than 100 relative to the style benchmark. There were 70 managers and 84 products within the Small-Mid Growth Separate Account Universe for this time period. The top ten ratios of Upside Capture Ratio over Downside Capture Ratio become the PSN Bull & Bear Masters.


PSN Top Guns Special Edition March 31, 2009
"Stephens Small-Mid Cap Growth Separate Account Strategy Named Bull & Bear Master"
The PSN universes were created using the information collected through the PSN investment manager questionnaire and use only gross of fee returns. Mutual fund and commingled fund products are not included in the universe. Products must have an R-Squared of 0.80 or greater relative to the style benchmark for a three year period ending March 31, 2009. Moreover, products must have an upside market capture over 100 and a downside market capture less than 100 relative to the style benchmark. There were 74 managers and 86 products within the Small-Mid Growth Separate Account Universe for this time period. The top ten ratios of Upside Capture Ratio over Downside Capture Ratio become the PSN Bull & Bear Masters.


PSN Top Guns Special Edition December 31, 2008
"Stephens Small-Mid Cap Growth Separate Account Strategy Named Bull & Bear Master"
The PSN universes were created using the information collected through the PSN investment manager questionnaire and use only gross of fee returns. Mutual fund and commingled fund products are not included in the universe. Products must have an R-Squared of 0.80 or greater relative to the style benchmark for a three year period ending December 31, 2008. Moreover, products must have an upside market capture over 100 and a downside market capture less than 100 relative to the style benchmark. There were 73 managers and 86 products within the Small-Mid Growth Separate Account Universe for this time period. The top ten ratios of Upside Capture Ratio over Downside Capture Ratio become the PSN Bull & Bear Masters.


PSN Top Guns Special Edition September 30, 2008
"Stephens Small-Mid Cap Growth Separate Account Strategy Named Bull & Bear Master"
The PSN universes were created using the information collected through the PSN investment manager questionnaire and use only gross of fee returns. Mutual fund and commingled fund products are not included in the universe. Products must have an R-Squared of 0.80 or greater relative to the style benchmark for a three year period ending September 30, 2008. Moreover, products must have an upside market capture over 100 and a downside market
capture less than 100 relative to the style benchmark. There were 76 managers and 91 products within the Small-Mid Growth Separate Account Universe for this time period. The top ten ratios of Upside Capture Ratio over Downside Capture Ratio become the PSN Bull & Bear Masters.


Emerging Manager Monthly May 2007
"Stephens Believes Time Is Right for Small Cap Growth Investing"
Stephens Investment Management Group, LLC ("SIMG") sees a market primed for a return to growth investing. When deciding on stock picks for the firm's small cap growth portfolio, the management and research teams look for two types of growth companies: core growth and earnings catalysts. Core growth is typified by stable, predictable companies with strong business models and steady earnings streams. Earnings catalysts identify new "factors" that may lead to increased earnings growth, such as a new product, a new management team or an acquisition. According to SIMG's Chief Investment Officer Ryan Crane, the investment team also looks for thematic investing opportunities-positioned from a bottom-up research process. Sometimes the investment thesis upon which a company capitalizes is part of a broader issue across a specific industry. When Ryan and his team identify these ideas, they will leverage that knowledge to find additional company investments.


Arkansas Democrat Gazette May 18, 2006
"State pension system's investments post gains"
The Arkansas Public Employees Retirement System's director, Gail Stone, said the trustees decided Tuesday to hire Stephens Investment Management Group's Houston office to manage $50 million for the system in the domestic stock market. Stephens Investment Management Group® is a subsidiary of Little Rock-based Stephens Holding Co. and has offices in Little Rock and Houston.
 
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