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Stock Update: Evolution Petroleum

Evolution Petroleum was our third-worst performer for the quarter with a loss of -$426,772. While Evolution is a high-quality oil producer with a clean balance sheet, earnings and the stock price understandably follow oil prices in the short- to medium-term. Given the wavering in oil prices, it was not a big surprise to see Evolution’s stock price down.
 

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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