FAM Funds
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FAM Small Cap Fund

FAM Small Cap Fund seeks to maximize long-term return on capital. The Fund is a non-diversified, no-load mutual fund and may be appropriate for a shareholder whose focus is capital appreciation. Distributions are paid annually. We offer both Investor Shares, with low minimums, as well as Institutional Shares that require a much higher minimum and are only available through Investment Advisors and Financial Professionals. Of the three FAM Funds, the FAM Equity-Income Fund is our only fund that does not offer Institutional Shares.

Fund Management Team (Investor Shares)
 

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. 

Andrew F. Boord

Andrew F. Boord

Investment Research Analyst

Andrew received a BS from the University of Tennessee and MS from American University, both in Accounting. He also earned his CPA in 1994 (currently inactive). Prior to joining Fenimore in 2005, Andrew spent 10 years in the investment management industry including a position as Vice President and Portfolio Manager with A.G. Edwards Asset Management. Andrew is a firm Principal and Co-Manager of the FAM Small Cap Fund.

Portfolio Details (Investor Shares)

As of 12/31/2016
 

Fund Facts  

 Inception Date  3/1/12
 Total Net Assets
 Investor (FAMFX)
 Institutional (FAMDX) 
 $ 144,927,335
 $ 110,966,068
 $   33,961,267
 Ticker Symbol  FAMFX
 CUSIP Number  314465501


Top 10 Holdings as a Percentage of Total Net Assets

National Commerce Corp.  5.2%
Stonegate Bank  4.6%
PC Connection  4.5%
Echo Global Logistics, Inc.  4.1%
ScanSource, Inc. 4.1%
Multi-Color Corp.  4.1%
Diamond Hill Investment Group, Inc.  4.0%
Westwood Holdings Group  3.7%
Consolidated-Tomoka Land Co.
 3.7%
Lindsay Corp.  3.7%


Portfolio Holdings PDF


Top Five Industries

 Investment Advice  7.7%
 Real Estate   7.1%
 State Commercial Banks   6.7%
 National Commercial Bank   5.2%
 REITS-Diversified   4.9%

 

Performance (Investor Shares)

Inception Return through 1/31/2017
FAM Small Cap Fund (FAMFX)
 

  FAMFX

Russell 2000 Index

YTD 2/24/17  0.06%  
1 Year 26.36% 33.53%
3 Year 9.17% 7.89%
Inception 3/1/12 14.39%

12.56%


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 1.42%. 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 1.36% 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 (Investor Shares)

FAMFX 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 (Investor Shares)

FAM Small Cap Fund (FAMFX)

 Record Date  12/28/16
 Ex-Dividend Date  12/29/16
 Payable Date  12/29/16
 Payout $0.53230
 Reinvestment Price $17.81

 

2016 Tax Supplement

FAM Funds: FAM Small Cap Fund
FAM Small Cap Fund seeks to maximize long-term return on capital and is a non-diversified fund. This no-load mutual fund may be appropriate for a shareholder whose focus is capital appreciation.