Past performance does not guarantee future results.

The Russell 2000® Growth Index measures the performance of those Russell 2000® Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell 2000® Index and Russell 2000® Growth Index are trademarks/service marks of the Frank Russell Company. The Russell Midcap® Growth Index measures the performance of those Russell Midcap® companies with higher price-to-book ratios and higher forecasted growth values. The stocks are also members of the Russell 1000® Growth Index. The Russell Midcap® Growth Index is a trademark/service mark of the Frank Russell. The S&P 500® Index is an unmanaged index of 500 widely held common stocks representing, among others, industrial, financial, utility and transportation companies listed or traded on national exchanges or over-the-counter markets. You cannot invest directly in an index.

Mutual fund investing involves risk; principal loss is possible. The Funds invest in smaller companies, which involve additional risks such as limited liquidity and greater volatility than large companies. The funds may also invest in foreign securities which involve political, economic and currency risks, greater volatility and differences in accounting methods.
The Stephens Funds^® are distributed by Quasar Distributors, LLC