FAM Small Cap Fund Investor Class
FAMFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 384 N Grand St Cobleskill NY United States of America 12043
- IPO Date
- Mar 1, 2012
- CIK
- 0000797136
- Website
- fenimoreasset.com
- Similar Companies
- Business
- FAM Small Cap Fund Investor Class (FAMFX) is an open-end mutual fund that seeks to maximize long-term return on capital through a value-oriented investment approach, focusing primarily on securities of small-cap companies defined as those with market capitalizations within or below the range of the Russell 2000 Index at the time of initial purchase; the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in such small-cap equities of both domestic and foreign issuers. Managed by Fenimore Asset Management, Inc., the fund offers Investor Class shares (FAMFX) with a net expense ratio of approximately 1.23% and a minimum initial investment of $500, alongside an Institutional Class (FAMDX) with lower fees and a $500,000 minimum; key portfolio characteristics include a median market cap of around $5.2 billion, low turnover of 16%, and diversified sector allocations led by industrials (approximately 30%), financials (17%), and consumer discretionary (14%), with top holdings such as ExlService Holdings, CBIZ, Dutch Bros, Colliers International Group, and Pinnacle Financial Partners. The fund, launched on March 1, 2012, is based in the United States and operates nationally, serving individual and institutional investors seeking small-cap exposure with a quality-biased value strategy. Fenimore Asset Management, the fund's adviser founded in 1974 and headquartered in Cobleskill, New York, employs portfolio managers Andrew F. Boord (since 2016) and Kevin D. Gioia, CFA (since 2019), leveraging over 50 years of independent research to select profitable, established small-cap businesses while navigating risks such as stock market volatility, small-cap price fluctuations, and value stock selection challenges. In recent developments during the first half of 2025, the fund initiated a new position in Baldwin Insurance Group (BWIN), an insurance broker and program manager, replacing the prior holding in Hagerty Insurance (HGTY) due to superior growth potential and better liquidity; portfolio managers added to existing stakes in construction-related firms including Dream Finders Homes (DFH), Floor & Decor Holdings (FND), and SiteOne Landscape Supply (SITE) amid temporary market dips, while top performers included Dutch Bros (BROS), Trisura Group (TRRSF), and Frontdoor (FTDR), reflecting strong operational growth in beverages, specialty insurance, and home warranties, respectively. The fund reported total net assets of approximately $416 million as of June 30, 2025, with an annualized return since inception of 10.56% for Investor Class shares through that period, outperforming the Russell 2000 Index.