FAM Equity-Income Fund
FAM Equity-Income Fund (FAMEX) seeks to provide current income as well as long-term capital appreciation by investing primarily (at least 80% of its total assets) in income-producing stocks that pay dividends. The Fund distributes its income on a quarterly basis. FAMEX may be appropriate for a shareholder seeking income in addition to capital appreciation. It is a no-load mutual fund.
Growing Dividends Pay
Paul Hogan, Co-Manager of the FAM Equity-Income Fund (FAMEX), discusses the benefits of growing dividends and relates these qualities to FAMEX.
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.
Fund Management Team
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.
Paul C. Hogan, CFA
Investment Research Analyst
Paul earned a BA from St. Bonaventure University, MBA from the State University of New York at Binghamton, and Chartered Financial Analyst (CFA) designation. Prior to joining Fenimore in 1991, he was an officer in the United States Army National Guard. Paul is a firm Principal and Co-Manager of the FAM Equity-Income Fund.
As of 3/31/2017
|Total Net Assets||$210,680,526|
Top 10 Holdings as a Percentage of Total Net Assets
|Arthur J. Gallagher & Co.||4.9%|
|Flowers Foods, Inc.||4.7%|
|Ross Stores, Inc.||4.1%|
|Air Products & Chemicals, Inc.||3.9%|
|EOG Resources, Inc.||3.6%|
|Interpublic Group of Companies, Inc.||3.5%|
Top Five Industries
|Semiconductors & Related Devices||8.4%|
|State Commercial Banks||6.8%|
|Retail-Catalog & Mail Orders||5.9%|
|Surigal & Medical Instruments||5.3%|
Average Annual Returns: 3/31/17
FAM Equity-Income Fund (FAMEX)
|FAMEX||Russell Midcap Index|
Performance data quoted above is historical. Past performance is no guarantee of future results. Current performance may be higher or lower 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.
The Fund’s total annual operating expense ratio as stated in the fee table of the Fund’s most recent prospectus is 1.26% after fee waivers of (0.01)%. The total operating expense as reported in the FAM Equity-Income Fund’s audited financial statements as of 12/31/16 is 1.26%. The Advisor has contractually agreed, until May 1, 2017, to waive fees and/or reimburse the Fund certain expenses (excluding interest, taxes, brokerage costs, Acquired Fund Fees and Expenses, dividend expense and extraordinary expenses) to the extent necessary to maintain Net Fund Operating Expenses for Investor Shares at 1.26%.
You should consider the Fund's investment objectives, risks, and charges and expenses carefully before investing. The Fund's return and principal value will fluctuate with market conditions. Small-cap stocks, with their potential for greater long-term return, are more volatile and less liquid than stocks of larger companies. These risks may increase share price volatility. The Fund's ability to invest in options, futures contracts, and the Fund's ability to engage in short sale transactions involves special risks. These and other risks are described more fully in the Fund's prospectus.
FAM Equity-Income Fund