FAM Funds
Fenimore Private Client Group
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FAM Funds

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FAM Value Fund

FAM Value Fund seeks to maximize long-term return on capital. The Fund may be appropriate for a shareholder whose focus is capital appreciation. Distributions are paid annually and it is a no-load mutual fund. 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. 

John D. Fox, CFA

John D. Fox, CFA

Chief Investment Officer

As Chief Investment Officer, Mr. Fox is responsible for overseeing the development, implementation, and monitoring of Fenimore’s investment strategies and portfolios by coordinating the Investment Research Team's efforts. John also serves as the primary communicator and educator of the firm’s long-term investment philosophy and process. Additionally, John is Co-Manager of the FAM Value Fund, a firm Principal, and active in the community. Prior to joining us in 1996, Mr. Fox spent 10 years in the financial services industry as a financial analyst and life insurance executive. He holds a BS from Fairfield University, MBA from the University of Connecticut, Chartered Financial Consultant (ChFC) designation from the American College in Bryn Mawr, PA, and Chartered Financial Analyst (CFA) designation. 

Portfolio Details (Investor Shares)

As of  12/31/16
 

Fund Facts 

 Inception Date  1/2/87
 Total Net Assets   $1,099,819,250
 Ticker Symbol  FAMVX
 CUSIP Number  314465105


Top 10 Holdings as a Percentage of Total Investments

Brown & Brown, Inc.  5.0%
Ross Stores, Inc.  4.9%
IDEX Corp.  4.7%
Markel Corp.  4.5%
CDW Corp.  4.1%
Illinois Tool Works  3.8%
Berkshire Hathaway  3.6%
CarMax  3.6%
Brookfield Asset Management  3.3%
EOG Resources, Inc.  3.2%


Portfolio Holdings pdf
 

Top Five Industries

 Fire, Marine & Casualty Insurance  12.2%
 State Commercial Banks  6.6%
 Pumps & Pumping Equipment  6.4%
 Insurance Agents, Brokers  4.9%
 Retail-Family Clothing 4.9%

 

Performance (Investor Shares)

Average Annual Returns: 2/28/2017

FAM Value Fund (FAMVX)
 

  FAMVX

Russell Midcap Index

YTD 3/22/17

2.02%

 
1 Year 23.51% 26.81%
3 Year 9.70% 8.44%
5 Year 13.24% 13.63%
10 Year 6.83% 8.04%
Inception 1/2/87 10.54% 11.67%


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 1.18%. When excluding Acquired Funds Fees and Expenses, which are not direct costs paid by the Funds Shareholders, the total annual operating expense as reported in the Fund's audited financial statements is 1.18% 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)

 

FAMVX 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 Value Fund (FAMVX)

Record Date  12/28/16
Ex-Dividend Date  12/29/16
Payable Date  12/29/16
Payout $3.42800
Reinvestment Price $65.96

 

2016 Tax Supplement

FAM Funds: FAM Value Fund
FAMVX seeks to maximize long-term return on capital and may be appropriate for a shareholder whose focus is capital appreciation. Distributions are paid annually and it is a no-load mutual fund.