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FAM Value Fund Receives 4 Stars

November 13, 2015

FAM Funds today announces that the FAM Value Fund (FAMVX) earned a Morningstar 4-Star Rating, as of October 31, 2015, due to performance returns and risk-adjusted returns. The FAM Value Fund seeks to maximize long-term return on capital and focuses on quality companies primarily in the small- and mid-cap space.

Morningstar, an independent investment research firm, currently follows 643 mutual funds in its Mid-Cap Growth Category. The Morningstar RatingTM 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 RatingTM 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.

“Since we launched the Value Fund in 1987, our focus has always been on long-term results for our shareholders,” said John Fox, Chief Investment Officer and Co-Manager of the FAM Value Fund. “This rating reinforces our commitment to a time-tested process and that investing is a marathon ─ not a sprint.”


About FAM Funds

Fenimore Asset Management, the independent investment advisor to FAM Funds, was established in 1974 with a focus on long-term, value investing. Its genesis came from the astute sale of a quality, successful, family business. Fenimore invests in companies that exhibit those same top-notch characteristics at what it appraises to be discounted prices.

While having the upside potential of concentrated small- to mid-cap portfolios, the manager seeks to mitigate risk and preserve capital through its in-depth research process and active management. It is this same steadfast investment approach that has helped Fenimore navigate multiple economic and financial market cycles.

FAM Funds includes the FAM Value Fund (FAMVX), FAM Equity-Income Fund (FAMEX), and FAM Small Cap Fund (FAMFX). For more information please visit famfunds.com.



 As of 9/30/15 

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 FAM Value Fund






The Fund’s total annual operating expense ratio as stated in the fee table of the Fund’s most recent prospectus is 1.18%. When excluding Acquired Funds Fees and Expenses, which are not direct costs paid by the Fund’s shareholders and fee waivers, the total annual operating expense as reported in the Fund’s audited financial statements is 1.18% as of 12/31/14.


Past performance is not indicative of future results, current performance may be higher or lower than the performance date quoted. Investment returns may fluctuate; the value of your investment upon redemption may be more or less than the initial amount invested.

Please consider a fund's investment objectives, risks, charges and expenses carefully before investing. The FAM Funds prospectus or summary prospectus contains this and other important information about the FAM Value Fund and should be read carefully before you invest or send money. The principal risks of investing in the fund are: stock market risk (stocks fluctuate in response to the activities of individual companies and to general stock market and economic conditions), stock selection risk (Fenimore utilizes a value approach to stock selection and there is risk that the stocks selected may not realize their intrinsic value, or their price may go down over time), and small-cap risk (prices of small-cap companies can fluctuate more than the stocks of larger companies and may not correspond to changes in the stock market in general).

To obtain a prospectus or summary prospectus and performance data that is current to the most recent month-end for each fund as well as other information on the FAM Value Fund, please go to famfunds.com or call (800) 932-3271.

Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Please consider a fund’s investment objectives, risks, charges and expenses carefully before investing. Read our prospectus or summary prospectus.

Fenimore Asset Management is an independent investment advisory firm located in Cobleskill, NY since 1974. Fenimore’s affiliates are the Fenimore Private Client Group & FAM Funds – offering separately managed accounts and mutual funds. In-depth research. Insightful investing.





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All investing involves risk including the possible loss of principal. Before investing, carefully read the fund’s prospectus which includes investment objectives, risks, charges, expenses and other information about the fund. Please call us at 800-932-3271 or visit famfunds.com for a prospectus or summary prospectus.

Securities offered through Fenimore Securities, Inc., Member FINRA/SIPC and advisory services offered through Fenimore Asset Management, Inc.

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