Separately Managed Accounts — Equity Strategy
Fenimore’s Equity-Income strategy invests at least 80% of a portfolio’s market value (excluding cash and cash equivalents) in small- to mid-cap equities that pay a dividend, and consistently grow their annual dividend, utilizing a value approach. The focus of the Equity-Income strategy is total return, seeking to invest primarily in stocks of dividend-paying companies with potential for long-term capital appreciation. Industry research illustrates that cash dividends can be important to overall investment returns. Dividends are also predictable and can provide stability during tumultuous market environments. The Equity-Income strategy is most appropriate for investors seeking a growing income stream and long-term capital appreciation, not necessarily current yield.