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 firstname.lastname@example.org.
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.
Andrew F. Boord
Investment Research Analyst
Andrew received a BS from the University of Tennessee and MS from American University, both in Accounting. He also earned his CPA in 1994 (currently inactive). Prior to joining Fenimore in 2005, Andrew spent 10 years in the investment management industry including a position as Vice President and Portfolio Manager with A.G. Edwards Asset Management. Andrew is a firm Principal and Co-Manager of the FAM Small Cap Fund.
As of 3/31/2017
Top 10 Equity Holdings
|Brookfield Asset Management||3.2%|
|Cash & Equivalents||7.14%|
Average Annual Returns: 3/31/2017
Equity Accts. Composite
|Russell MidCap Value Index|
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.