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Stock Update: EOG Resources

EOG was the third-best performing company in the Fund with a gain of $2.36 million. EOG is an energy exploration, development, and production firm (an oil company). Similar to other oil companies, the stock price moves in tandem with the price of oil. In February 2016, the price of oil bottomed out around $30 per barrel and then rebounded strongly to more than $50 per barrel.  EOG’s stock price followed suit. We like EOG not only because they are good operators in the industry, but they also have a strong balance sheet which reduces risk when the price of oil goes down. This strong balance sheet gives them the ability to make acquisitions.

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

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

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