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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

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

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.

Portfolio Details

As of 12/31/2016

Fund Facts 

 Inception Date  4/1/96
 Total Net Assets  $198,520,045
 Ticker Symbol  FAMEX
 CUSIP Number  314465204


Top 10 Holdings as a Percentage of Total Net Assets 

CDW Corp. 5.6%
Stryker Corp. 5.1%
Flowers Foods, Inc. 5.0%
Arthur J. Gallagher & Co. 4.7%
Xilinx, Inc. 4.7%
Ross Stores, Inc. 4.2%
EOG Resources, Inc. 3.9%
Microchip Technology 3.7%
Interpublic Group 3.4%
Air Products & Chemicals, Inc. 3.4%


Portfolio Holdings pdf


Top Five Industries

 Semiconductors & Related Devices  8.4%
 State Commercial Banks  7.2%
 Retail - Catalog & Mail Order  5.6%
 Industrial Gases 5.4%
 Surgical & Medical Instruments  5.1%

 

Performance

Average Annual Returns: 1/31/17

FAM Equity-Income Fund (FAMEX)

 

  FAMEX  Russell Midcap Index
 YTD 2/24/17   3.45%  
 1 Year 23.95% 24.72%
 3 Year 10.76% 9.50%
 5 Year 12.64% 13.92%
 10 Year 6.78% 7.76%
 Inception 4/1/96 8.80% 10.29%

 


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%. 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 1.27% as of 12/31/15.

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.

 

Graph & Letters

FAMEX Graph

Date: December 31, 2016

Download PDF

Annual Managers' Letter

Date: December 31, 2016

Download PDF

Annual Chairman's Letter

Date: December 31, 2016

Download PDF

 

Distribution Detail  

FAM Equity-Income Fund 

  Q1 Q2
Record Date 3/29/16 6/28/16
Ex-Dividend Date 3/30/16 6/29/16
Payable Date 3/30/16 6/29/16
Payout $0.075 $0.068
Reinvestment Price
$25.51 $25.69
  Q3 Q4
Record Date 9/28/16 12/28/16
Ex-Dividend Date 9/29/16 12/29/16
Payable Date 9/29/16 12/29/16
Payout $0.057 $2.16887
Reinvestment Price $26.87 $27.03

 

2016 Tax Supplement

800.932.3271 / 384 North Grand Street, Cobleskill, NY 12043
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FAM Funds; FAM Equity-Income Fund (FAMEX)
FAMEX seeks to provide current income as well as long-term capital appreciation by investing primarily in income-producing stocks that pay dividends.