News
November 11, 2015FAM Small Cap Funds receives 5 Stars
FAM Funds today announces that the FAM Small Cap Fund (FAMFX) earned a Morningstar 5-Star Rating, as of October 31, 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.
