Small-Mid-Cap Growth Portfolio


Composite Annualized Through
June 30, 2010
1
Small/Mid-Cap
Growth1
Russell 2500® Growth2, 4
Year-To-Date
-3.75%
-1.82%
One Year
14.30%
21.44%
Three Year
-13.82%
-7.10%
Five Year
1.98%
1.81%
Inception
3.65%
3.89%
Strategy Inception Date
October 1, 2004

Investment Objective  
To invest in the fastest growing companies.
Small/Mid-Cap Growth Portfolio  
• Portfolio Manager: Lee Molendyk, CFA; Lance Swanson
• Equity Analyst: Mike Ashton, CFA
• Target market capitalization range: Reflects the Russell 2500 Growth Index
• Benchmark Russell 2500 Growth Index

Portfolio Characteristics3, 4, 6  
• EPS Growth - Current Fiscal Year 198%
• PE - Next Fiscal Year 18
• Long-Term Growth Rate 21%
• PEG Ratio - Next Fiscal Year 0.84
• Weighted Average Market Cap (mil) $1,691
• Number of Holdings 34

Ten Largest Holdings 5,6  
• Acme Packet Inc • Rubicon Technology Inc
• Allied Nevada Gold Corp • Salix Pharmaceuticals
• Capella Education Co • Sketchers USA Inc
• Coinstar Inc • SXC Health Solutions
• Netflix Inc • US Airways Group Inc

1 Composite as of June 30, 2010. The net performance presented herein reflects the reinvestment of dividends, the deduction of transaction costs and the deduction of investment management fees. Performance returns may reflect the effect of material economic and market factors not anticipated by Insight Capital Research & Management, Inc.
2 The composite’s benchmark is the Russell 2500® Growth Index with income. The Russell 2500 Growth Index is an unmanaged index that is constructed to provide a comprehensive and unbiased barometer of the small/mid-cap growth market measuring the performance of those companies in the Russell 2500 Index with higher price-to-book ratios and higher forecasted growth values. The Russell 2500 Growth Index reflects no deduction of fees, expenses, charges or taxes and the performance is calculated assuming the reinvestment of all distributions and income. The index returns have been taken from published sources, do not include any transaction costs, management fees, or other costs, and are not covered by the report of independent verifiers. Due to the differences between Insight’s investment strategies and the market index shown, Insight believes that no single index is directly comparable to the investment strategy of Insight.
3 Portfolio Characteristics Source: Frank Russell Co., Baseline.
4 Source of the data is deemed reliable but Insight Capital Research & Management, Inc. cannot guarantee its accuracy and completeness.
5 The ten largest holdings included herein are based on weight in the portfolio and are for illustrative purposes only and should not be considered a recommendation to purchase or sell any particular security. There is no guarantee that the same or similar holdings will be purchased or held in accounts in the future. It should not be assumed that any of the holdings listed were or will prove to be profitable. A list of all securities held in the past 12 months, are available upon request.
6 The portfolio characteristics and largest holdings are presented as supplemental information and complement the full disclosure presentation.

Please see complete performance disclosure.

Insight Capital Research and Management, Inc.®
2121 N. California Boulevard, Suite 560
Walnut Creek, CA 94596
(800) 878.8863
ph  (925) 274-5000
fax (925) 946-2660
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Today is Thursday
July 29, 2010
July 26, 2010

Stocks found support after another round of upbeat earnings and reassuring words from Federal Reserve Chairman Ben Bernanke. The Nasdaq Composite soared 4.2% for the week, while the S&P 500 jumped 3.6% and the Dow Jones Industrial Average added 3.2%.