The FAM Funds Shareholder Advisory Council (SAC) is an extremely valuable resource. This diverse group of shareholders gives advice and guidance in a variety of areas that enhance our ability to provide the best possible service. The SAC:

• Helps FAM Funds identify and focus on the best ways to serve shareholders.
• Advises us as to what shareholders look for in a mutual fund.
• Provides shareholder-related projects that they believe are relevant and beneficial.
• Recommends shareholder service standards.
• Suggests more effective methods for shareholder communications.

The SAC consists of 8-12 volunteer members serving a limited term. The council meets annually at FAM Funds for a one day retreat. We value the exchange of ideas and extend special thanks to the participants.