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FAM Funds Overall Morningstar Rating™

Overall Morningstar Rating as of 2/28/17 (Investor Share Class)

Rating/Number of Funds in the Category 

Fund Name Overall Rating 3-Year 5-Year 10-year Category
FAM Value Fund Mid-Cap Growth
out of 583 out of 583 out of 507 out of 370
FAM Equity-Income Fund Mid-Cap
Blend
out of 379 out of 379 out of 342 out of 220
FAM Small Cap Fund* Small Blend
out of 625 out of 625

 

The Morningstar Rating™ is a quantitative assessment of a fund’s past performance — both return and risk — as measured from 1 to 5 stars. It uses focused comparison groups to better measure fund manager skill. As always, the Morningstar Rating™ is intended for use as the first step in the fund evaluation process. A high rating alone is not a sufficient basis for investment decisions.

The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

The FAM Value Fund received a 5-Star Overall Morningstar Rating™ for the 3-Year, 5-Star Overall Morningstar Rating™ for the 5-Year, and 4-Star Overall Morningstar Rating™ for the 10-Year periods ending 2/28/2017 among 583, 507, and 370 Mid-Cap Growth funds, respectively. It is important to keep in mind that different share classes of the Fund may have different ratings. 

The FAM Equity-Income Fund received a 5-Star Overall Morningstar Rating™ for the 3-Year, 4-Star Overall Morningstar Rating™ for the 5-Year, and 4-Star Overall Morningstar Rating™ for the 10-Year periods ending 2/28/2017 among 379, 342, and 220 Mid-Cap Blend funds, respectively. 

The FAM Small Cap Fund received a 4-Star Overall Morningstar Rating™ for the 3-Year period ending 2/28/2017 among 625 Small Blend funds. *The inception date of the FAM Small Cap Fund is 3/1/12. It is important to keep in mind that different share classes of the Fund may have different ratings. 

© 2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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FAM Funds Overall Morningstar Rating™
Resource for Investment Advisors - The Morningstar Rating™ is a quantitative assessment of a fund’s past performance — both return and risk — as measured from 1 to 5 stars.