News
April 13, 2016FAM Equity-Income Fund Marks 20-Year Anniversary
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.
