QUALITY INVESTING PART 1: FENIMORE APPROACH

As part of our Quality Investing series, William Preston, Portfolio Manager of the FAM Dividend Focus Fund, and Anne Putnam, Senior Vice President:

• Discuss the current state of the market and economy after a volatile year
• Share the definition of quality as Fenimore uses it in equity research

Quality Investing Part 2: The Importance of Discipline

As part of our Quality Investing series, William Preston, Portfolio Manager of the FAM Dividend Focus Fund, and Anne Putnam, Senior Vice President:

• Review Fenimore’s approach of using quality in active management to structure portfolios
• Help us understand what statistically reinforces investors need to be long-term focused and how to assist in managing emotion in a bear market

Quality Investing Part 3: Risk Analysis at FAM

As part of our Quality Investing series, William Preston, Portfolio Manager of the FAM Dividend Focus Fund, and Anne Putnam, Senior Vice President:

• Define risk as it is considered at Fenimore
• Discuss Fenimore’s investment approach from initial screening through allocation as we seek select, quality businesses

Quality Investing Part 4: Statistic Results

As part of our Quality Investing series, William Preston, Portfolio Manager of the FAM Dividend Focus Fund, and Anne Putnam, Senior Vice President:

• Define downside capture and explain a key measure of success
• Review the downside capture ratio as it relates to the FAM Funds

Know Your Companies

Our Investors Ask, Our Portfolio Managers Answer: Will Preston — Portfolio Manager, FAM Dividend Focus Fund — answers the question, “What gives Fenimore long-term confidence during short-term volatility?”