Silvant Capital Management Performance Results: Small Cap Growth Strategy Composite
January 1, 2001 through December 31, 2011

Silvant Capital Management LLC claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards.  Silvant has been independently verified for the period March 31, 2008 (the date of the Firm’s founding) through December 31, 2010 by Ashland Partners & Company LLP.  A copy of the verification report is available upon request.  Verification assesses whether (1) the firm has complied with all the composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policies and procedures are designed to calculate and present performance in compliance with GIPS standards.  Verification does not ensure the accuracy of any specific composite presentation.

Notes:

1. Silvant Capital Management LLC is an SEC registered investment adviser incorporated in 2008 and is a wholly owned subsidiary of RidgeWorth Capital Management, Inc.  Silvant was created when all of the investment decision-makers associated with the growth equity investment strategies of RidgeWorth became employees of Silvant.  The staff and decision‑making process remains intact and independent within Silvant.  For composite reporting purposes, the Firm is defined as all equity portfolios managed by Silvant.  Composite performance results are linked to performance history generated at RidgeWorth, and Silvant has records that document and support this performance history.  Prior to March 31, 2008, RidgeWorth Capital Management operated under the name of Trusco Capital Management, Inc.
2. The Small Cap Growth Strategy composite includes fully discretionary separately managed investment accounts and registered and unregistered mutual funds managed in accordance with the small cap growth style.  Under normal circumstances, Small Cap Growth Portfolios will have at least 80% of their assets invested in common stocks and other U.S. traded equity securities of small cap companies.  U.S. traded equity securities may include American Depository Receipts (“ADR’s”).  Silvant considers small cap companies to be companies with market capitalizations similar to those of companies in the Russell 2000 Growth Index.  Silvant will seek out securities it believes have strong business fundamentals, such as revenue growth, improving cash flows, increasing margins and positive earnings trends.  The gross of fee return for the mutual funds is calculated by adding back the fund’s published total operating expense ratio to the net of fee mutual fund performance.  A complete description of the composite is available on request.
3. The registered and unregistered mutual funds were added to the composite effective April 1, 2008, immediately after the creation of Silvant Capital Management.  Prior to that date the composite consisted of only separately managed accounts.
4. The benchmark for the Small Cap Growth Strategy composite is the Russell 2000 Growth Index.
5. As of December 31, 2011, the three-year annualized standard deviation (using monthly returns) was 23.4 for the composite and 24.3 for the benchmark index.
6. For the calendar year 2001, the portfolio was over-weighted in the consumer discretionary sector and under-weighted in the healthcare sector relative to the benchmark and the stock selection within these sectors was excellent.  Performance in 2002 and 2003 was also considerably in excess of the benchmark due to superior stock selection in all sectors.  In 2006, stock selection within most sectors under-performed the benchmark.  Due to superior performance, the Small Cap Growth product saw a substantial increase in the number of Clients in the fourth quarter of 2004.  Underperformance in mid-year 2006 led to a reduction in Clients and portfolios.
7. Valuations and returns are computed and stated in U.S. Dollars.
8. Beginning 3/31/2008, composite policy requires the temporary removal of any portfolio incurring a client initiated significant cash inflow or outflow of 10% or greater of portfolio assets.
9. The dispersion of annual returns is measured by the equal-weighted standard deviation of portfolio returns represented within the composite for the full year.  Partial year dispersion is measured by the equal-weighted standard deviation of portfolio returns represented in the composite for the partial year period specified.  No dispersion is reported for periods with five or fewer portfolios (shown as N/A).
10. Returns are presented gross and net of management fees and include the reinvestment of all income.  The management fee schedule applicable to small cap growth equity accounts is as follows:  1.00% on the first $10 million, 0.80% on the next $40 million, and 0.60% on all over $50 million.  The minimum annual fee is $10,000.
11. This composite was created March 31, 2008, the inception date of Silvant, and continues the investment strategy of a composite originally created in 2001.  The composite has performance history with an inception date of January 1, 2001.
12. The minimum portfolio size for the Small Cap Growth Strategy composite is $1 million.  For further information on investment management fees, please refer to Form ADV Part 2.
13. Net of fee performance is calculated assuming a fee of 1.00%, the highest fee for this type of investment account.
14. Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request.
15. A complete list and description of firm composites and performance results is available upon request.
16. Past performance is not indicative of future results and no investment is guaranteed for return of principal and/or return on investments.  All information provided and used in calculations is believed to be correct, but accuracy cannot be guaranteed.  Please consult with a financial professional before investing.

 © 2012 Silvant Capital Management LLC. Silvant Capital Management is a registered investment adviser with the SEC and a member of the RidgeWorth Capital Management, Inc. network of investment firms.