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FAM Small Cap Fund Receives 5 Stars

November 6, 2015

FAM Funds today announces that the FAM Small Cap Fund (FAMFX) earned a Morningstar 5-Star Rating, as of October 31, 2015, due to performance returns and risk-adjusted returns. The FAM Small Cap Fund seeks to maximize long-term return on capital with a concentrated portfolio of 20 to 30 holdings and focuses on quality companies in the smaller end of the small-cap space.

Morningstar, an independent investment research firm, currently follows 636 mutual funds in its Small Blend Category. The Morningstar RatingTM is a quantitative assessment of a fund’s past performance — both return and risk — as measured from 1 to 5 stars. It uses focused comparison groups to better measure fund manager skill. As always, the Morningstar RatingTM is intended for use as the first step in the fund evaluation process. A high rating alone is not a sufficient basis for investment decisions.

“We are certainly pleased to see how the Fund continues to rate in its category,” said Marc Roberts, Co-Manager of the FAM Small Cap Fund. “At the same time, our focus is on long-term performance through complete economic and market cycles.” Mr. Roberts emphasizes that Fenimore Asset Management, the investment advisor to FAM Funds, has followed a consistent and rigorous investment process for more than four decades that meticulously evaluates the businesses behind the stocks in order to be confident in what they own and help manage risk.

 

About FAM Funds

Fenimore Asset Management, the independent investment advisor to FAM Funds, was established in 1974 with a focus on long-term, value investing. Its genesis came from the astute sale of a quality, successful, family business. Fenimore invests in companies that exhibit those same top-notch characteristics at what it appraises to be discounted prices.

While having the upside potential of concentrated small- to mid-cap portfolios, the manager seeks to mitigate risk and preserve capital through its in-depth research process and active management. It is this same steadfast investment approach that has helped Fenimore navigate multiple economic and financial market cycles.

FAM Funds includes the FAM Value Fund (FAMVX), FAM Equity-Income Fund (FAMEX), and FAM Small Cap Fund (FAMFX). For more information please visit famfunds.com.

 

Performance

 

 As of 9/30/15 

1 Year

3 Year

Inception
3/1/12

 FAM Small Cap Fund

4.87%

12.99%

12.55%

 

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 1.42% as of 12/31/14.

 

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.

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.

Fenimore Asset Management is an independent investment advisory firm located in Cobleskill, NY since 1974. Fenimore’s affiliates are the Fenimore Private Client Group & FAM Funds – offering separately managed accounts and mutual funds. In-depth research. Insightful investing.

 

 

 

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