Investment objective & strategy
As of April 29, 2025 · prospectusObjective. FAM Value Funds investment objective is to maximize long-term return on capital.
Strategy. Fenimore Asset Management, Inc. (Fenimore), the investment advisor to the Fund, employs a value approach in making its common stock selections. This approach is based on Fenimores belief that at any given point in time the stock price of a company may sell below the companys true business worth. Factors considered in evaluating the true business worth include the companys current earnings and Fenimores opinion as to its future earnings potential. After identifying a company whose securities are determined to have a favorable price-to-earnings relationship, Fenimore plans to invest in such securities until the true business worth nears the market price of the companys securities. Generally, the Fund will attempt to remain fully invested in common stocks and securities that … Fenimore Asset Management, Inc. (Fenimore), the investment advisor to the Fund, employs a value approach in making its common stock selections. This approach is based on Fenimores belief that at any given point in time the stock price of a company may sell below the companys true business worth. Factors considered in evaluating the true business worth include the companys current earnings and Fenimores opinion as to its future earnings potential. After identifying a company whose securities are determined to have a favorable price-to-earnings relationship, Fenimore plans to invest in such securities until the true business worth nears the market price of the companys securities. Generally, the Fund will attempt to remain fully invested in common stocks and securities that are convertible into common stocks, such as convertible bonds and convertible preferred stocks. The Fund may invest in the securities of issuers of all sizes and market capitalizations. The Fund may also invest in the securities of both domestic and foreign issuers and it may invest in shares of other investment companies, including exchange-traded funds (ETFs).
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ROSS STORES INC | — | $137.74M | 8.11% |
| MARKEL GROUP INC | — | $103.07M | 6.07% |
| ANALOG DEVICES INC | — | $91.82M | 5.41% |
| AMPHENOL CORPORATION CL A | — | $88.96M | 5.24% |
| KEYSIGHT TECHNOLOGIES INC | — | $87.78M | 5.17% |
| BROOKFIELD CORP CL A | — | $84.49M | 4.98% |
| BROWN & BROWN | — | $81.99M | 4.83% |
| IDEX CORPORATION | — | $81.80M | 4.82% |
| VULCAN MATERIALS CO | — | $81.13M | 4.78% |
| FASTENAL CO | — | $72.47M | 4.27% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| FAM DIVIDEND FOCUS FUND · FAMEX | 31% | 1.11% |
| Madison Mid Cap Fund · MERAX, GTSGX, MMCRX, MDCIX | 22% | 0.72% |
| Mid Cap Fund | 22% | 0.92% |
Advisers
| Firm | Role |
|---|---|
| Fenimore Asset Management, Inc. | Adviser |
Footnotes
- Expense ratio as of April 29, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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