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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, Co-Manager: FAM Equity-Income Fund

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 Fenimore Art Museum Board, Catskill Area Hospice and Palliative Care Foundation Board, Koinonia Primary Care Board, Guideposts Board, and Guideposts Foundation Board. 

Paul C. Hogan, CFA

Paul C. Hogan, CFA

Investment Research Analyst, Co-Manager: FAM Equity-Income Fund

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 3/31/2019

Fund Facts 

 Inception Date  4/1/96
 Total Net Assets  $291,363,109
 Ticker Symbol  FAMEX
 CUSIP Number  314465204


Top 10 Holdings as a Percentage of Total Net Assets 

CDW Corp. 7.18%
Stryker Corporation 5.80%
Air Products & Chemicals 5.70%
Arthur J Gallagher & Co. 4.93%
Ross Stores, Inc. 4.91%
Ingersoll Rand 4.59%
Avery Dennison Corp. 4.58%
Xilinx, Inc. 4.15%
Digital Realty Trust 4.04%
Microchip Technology, Inc. 4.01%


Portfolio Holdings pdf


Top Five Sectors

Information Technology 20.89%
Industrials 20.42%
Financials 11.82%
Materials 11.65%
Consumer Discretionary  9.55%

 

FAM Equity-Income Fund (FAMEX) Performance

Year to date Returns: + 20.20% as of 06/17/2019

 

Average Annual Returns: 5/31/19

  FAMEX  Russell Midcap Index
 1 Year 12.93% 1.59%
 3 Year 13.60% 9.87%
 5 Year 10.51% 7.89%
 10 Year 13.69% 14.43%
 Inception 4/1/96 9.09% 10.05%

 

Disclosure: The Fund’s total annual operating expense ratio as stated in the fee table of the Fund’s most recent prospectus is 1.26%. The total operating expense as reported in the FAM Equity­Income Fund’s audited financial statements as of 12/31/18 is 1.23%. The Advisor has contractually agreed, until May 1, 2022, 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%.

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 Equity-Income 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 Equity-Income Fund, please go to famfunds.com or call (800) 932-3271.

Graph & Letters

FAMEX Graph

Date: March 31, 2019

Download PDF

Annual Chairman's Letter

Date: December 31, 2018

Download PDF

Annual Managers' Letter

Date: December 31, 2018

Download PDF

 

Distribution Detail  

FAM Equity-Income Fund 

  Q1 Q2
Record Date 3/27/19 6/26/19
Ex-Dividend Date 3/28/19 6/27/19
Payable Date 3/28/19 6/27/19
Payout $0.044  
Reinvestment Price
$34.09  
  Q3 Q4
Record Date 9/26/19 12/26/19
Ex-Dividend Date 9/27/19 12/27/19
Payable Date 9/27/19 12/27/19
Payout    
Reinvestment Price    

 

 

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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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.