FAM Equity-Income Fund Marks 20-Year Anniversary: Same Fund Managers
& 4 Stars
COBLESKILL, N.Y.--(BUSINESS WIRE)--FAM Funds today announces that the FAM Equity-Income Fund (FAMEX) marked its 20-Year Anniversary on April 1, 2016. Paul Hogan and Thomas Putnam have managed the Fund together since its inception. This is very unusual in the industry because the average tenure of a mutual fund manager is about 4.5 to 5 years. The FAM Equity-Income Fund also earned a 4-Star Overall Morningstar RatingTM, as of March 31, 2016, due to performance returns and risk-adjusted returns. Morningstar, an independent investment research firm, currently follows 383 mutual funds in its Mid-Cap 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 rates in the category not just in the short term, but over time,” said Paul Hogan, Co-Manager of the FAM Equity-Income Fund. “Our focus is long-term performance through complete economic and market cycles.” Mr. Hogan 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 mitigate risk. The FAM Equity-Income Fund 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. It focuses on quality companies in the mid-cap space and seeks dividend growth, not simply high current dividends. 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 & FAMDX). For more information please visit famfunds.com. Performance The Fund’s total annual operating expense ratio as stated in the fee table of the Fund’s most recent prospectus is 1.26%. 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 1.27% as of 12/31/15. 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. 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.
Apr 12, 2016 | www.businesswire.com
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