Energy Prospectus

Just a question on the updated Watchlist(July 12,2013). I've noticed that a number of these companies are now in your Small Cap Portfolio and I was wondering why they are still on the Watchlist? Also, some companies you have done a company profile and have a fair value set--yet I do not see them on the watchlist like FANG--there maybe others. Is there a reason these are not on the Watchlist?

Rick

The companies in the Small-Cap Growth Portfolio will remain on the Watch List so you can compare them to the peer groups. For most of them you will find a profile and detailed forecast model under the Watch List Tab.

FANG will be added to the Watch List. I like it.