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Stock Update: Monro Muffler Brake

Monro Muffler Brake was the best performing stock for the third quarter, on a dollar-weighted basis, contributing profits of $1.70 million. We monitored Monro, the nation’s largest automotive care chain, for a period of years before purchasing shares during the second quarter on weakness. The stock price had suffered on concerns over the impact of consecutive warm winters on auto repair volumes, but rebounded over the third quarter. We anticipate maintaining the position for an extended period.

The portfolio is actively managed. For the FAM Small Cap Fund's current Top 10 Holdings to the most recent quarter-end, view its Portfolio Details.

To obtain the FAM Small Cap Fund's performance data that is current to the most recent month-end, click here.

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