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FAM Small Cap Fund

FAM Small Cap Fund seeks to maximize long-term return on capital. The Fund is a 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.

Fund Management Team (Investor Shares)
 

Thomas O. Putnam

Thomas O. Putnam

Founder & Chairman, Co-Manager: FAM Small Cap 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. 

Andrew F. Boord

Andrew F. Boord

Investment Research Analyst, Co-Manager: FAM Small Cap Fund

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 6/30/2019
 

Fund Facts  

 Inception Date  3/1/12
 Total Net Assets
 Investor (FAMFX)
 Institutional (FAMDX) 
 $ 181,283,672
 $ 128,665,235
 $   52,618,437
 Ticker Symbol  FAMFX
 CUSIP Number  314465501


Top 10 Holdings as a Percentage of Total Net Assets

Frontdoor Inc. 6.68%
Hostess Brands, Inc. 5.84%
Exlservice Holdings, Inc. 4.96%
Monro, Inc. 4.71%
Choice Hotels International, Inc. 4.66%
Colliers International Group, Inc. 4.50%
CBIZ, Inc. 4.39%
Penske Auto Group, Inc. 4.25%
Centerstate Bank Corp. 4.24%
Pinnacle Financial Partners 4.19%


Portfolio Holdings PDF


Top Five Sectors

Consumer Discretionary 26.63%
Financials 17.27%
Industrials 15.73%
Information Technology 10.71%
Real Estate 8.58%

 

FAM Small Cap Fund (FAMFX) Performance (Investor Shares)

Year to date Returns: + 15.09% as of 07/19/2019

 

Inception Return through  6/30/2019

  FAMFX

Russell 2000 Index

1 Year -0.69% -3.31%
3 Year 8.27% 12.30%
5 Year 6.67% 7.06%
Inception 3/1/12 11.04%

10.85%

 

Disclosure: The Fund’s total annual operating expense ratio as stated in the fee table of the Fund’s most recent prospectus is 1.34% for the Investor Class. The Fund’s total annual operating expense ratio as stated in the fee table of the Fund’s most recent prospectus is 1.21% after fee waivers of (0.02)% for the Institutional Class. 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 FAM Small Cap Fund’s audited financial statements as of 12/31/18 Investor Class is 1.27% and Institutional Class is 1.16% as of 12/31/18.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 Institutional Shares at 1.20%.

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

 

 

Graph & Letters (Investor Shares)

FAMFX 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 (Investor Shares)

FAM Small Cap Fund (FAMFX)

 Record Date  12/26/18
 Ex-Dividend Date  12/27/18
 Payable Date  12/27/18
 Payout $1.4996
 Reinvestment Price $14.74

 

 

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 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.