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Fenimore Private Client Group

 

Fenimore Managed Equity Accounts Composite

The Fenimore Managed Equity Accounts Composite ("Composite") includes all fee paying, taxable and nontaxable accounts invested in equity securities, both of individual and institutional accounts, which were under the discretionary management of Fenimore Asset Management, Inc. As of January 1, 2003 accounts with equity values less than $250,000 have been excluded from composite performance. This composite performance represents market appreciation net of management fees. Returns are calculated in U.S. Dollars. Past performance is not indicative of future results. To receive a complete list and description of our composites and/or full compliant presentation, please contact Fenimore Asset Management, Inc. at 518-234-4393 or email info@famfunds.com.

Thomas O. Putnam

Thomas O. Putnam

Founder & Chairman

Mr. Putnam is Founder and Chairman of Fenimore Asset Management and FAM Funds. Tom reinforces the firm’s vision and provides research, insight, and guidance for its separately managed portfolio business and mutual funds. Mr. Putnam earned his BA from the University of Rochester and MBA from Tulane University before establishing the firm in 1974. Not only is Tom dedicated to Fenimore’s investors, he is passionate about investing in the community. Tom is a former member of the Investment Company Institute (ICI) Board of Governors, Cobleskill Regional Hospital Board, and Reformed Church of America Investment Committee. Tom currently serves on the New York State Historical Association (Fenimore Art Museum) Board, Catskill Area Hospice and Palliative Care Foundation Board, Guideposts Board, and Guideposts Foundation Board. 

John D. Fox, CFA

John D. Fox, CFA

Chief Investment Officer

As Chief Investment Officer, Mr. Fox is responsible for overseeing the development, implementation, and monitoring of Fenimore’s investment strategies and portfolios by coordinating the Investment Research Team's efforts. John also serves as the primary communicator and educator of the firm’s long-term investment philosophy and process. Additionally, John is Co-Manager of the FAM Value Fund, a firm Principal, and active in the community. Prior to joining us in 1996, Mr. Fox spent 10 years in the financial services industry as a financial analyst and life insurance executive. He holds a BS from Fairfield University, MBA from the University of Connecticut, Chartered Financial Consultant (ChFC) designation from the American College in Bryn Mawr, PA, and Chartered Financial Analyst (CFA) designation. 

Portfolio Details

As of 6/30/2017

Top 10 Equity Holdings

CDW Corp.  5.7%
Xilinx 4.0%
Microchip Technology 3.9%
Brookfield Asset Management  3.4%
Stryker Corp.  3.2%
Ross Stores  3.1%
Markel Corp. 3.0%
Waters Corp.  2.9%
Marriott International  2.6%
EOG Resources  2.4%

 

Sector Weightings

Cash & Equivalents     6.07%
Consumer Discretionary                      15.10%
Consumer Staples 2.16%
Energy  2.49%
Financials  26.30%
Healthcare  10.62%
Industrials 14.43%
Information Technology  17.26%
Materials    1.33%
Real Estate  2.05%
Telecom Services  0.00%
Utilities         2.19%

 

Performance

Average Annual Returns: 6/30/2017

  Managed
Equity Accts. Composite 
Russell MidCap Value Index
YTD 6/30/17 5.50% 5.18%
1 Year  18.23% 15.93%
3 Year 10.92% 7.46%
5 Year 14.74% 15.14%
10 Year 6.48% 7.23%
15 Year 8.19% 10.45%
20 Year 8.16% 10.11%


Fenimore Asset Management, Inc. is an independent investment advisory firm. Thomas O. Putnam founded Fenimore in 1974 as a means to manage family money after the Putnams astutely sold their textile business, Fenimore Fabrics, in Upstate New York. The family knew what it takes to run a successful business and based their investment philosophy on finding companies exhibiting those same quality characteristics.

Fenimore Asset Management, Inc. claims compliance with the Global Investment Performance Standards (GIPS®).

Returns include all realized and unrealized capital gains and losses as well as dividends and interest on cash balances. Fenimore’s management fee schedule is as follows: $1 million up to $5 million, 1.00% of AUM; $5 million up to $10 million, 0.85% of AUM; more than $10 million, 0.75% of AUM. For accounts opened on or after October 21, 2013, the annual fee for accounts under $1 million of AUM is 1.5%.

The most relevant composite benchmark is the Russell Midcap Value Index. This benchmark is used for comparative purposes only and very generally reflects the risk or investment style of the investments reported. The Russell Midcap Value Index includes those Russell Midcap Index companies with lower price‐to-book ratios and lower forecasted growth values and measures the performance of the mid-cap value segment of the U.S. equity universe.

Fact Sheet

Date: June 30, 2017

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DISCLOSURE

The investment advisory services and FAM Funds described on our website are available only to persons in certain States within the U.S. More

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800.721.5391 / 384 North Grand Street, Cobleskill, NY 12043 / Established 1974
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Fenimore Asset Management: Managed Equity Accounts Composite
The Fenimore Managed Equity Accounts Composite is for separately managed accounts and the Core Value, Equity-Income, and Small Cap equity strategies.