Annual Chairman & Fund Manager Letters

We hope you read the 2015 Annual Chairman and Fund Managers’ letters for a detailed recap of each mutual fund along with insights from the portfolio managers and their 2016 outlook. At the heart of our philosophy is the relentless pursuit of investing in quality companies. Quality means low debt, high profits, and generous cash flow.

 

Chairman
Annual Chairman’s Letter

 

FAMFX
Annual FAM Small Cap Fund Letter
For more details on the FAM Small Cap Fund

 

FAMVX
Annual FAM Value Fund Letter
For more details on the FAM Value Fund

 

FAMEX
Annual FAM Equity-Income Letter
For more details on the FAM Equity-Income Fund

 

Please see Fenimore disclosure.