FAM DIVIDEND FOCUS FUND MARKS 30 YEARS
FAM DIVIDEND FOCUS FUND MARKS 30 YEARS
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Fenimore Asset Management, an independent, Capital Region-based investment advisory firm and manager of the FAM Funds family of mutual funds, is proud to celebrate the 30th Anniversary of the FAM Dividend Focus Fund (FAMEX).
When Fenimore Founder Tom Putnam and Portfolio Manager Paul Hogan established the firm’s second mutual fund on April 1, 1996, they set out with a clear and disciplined objective: invest in quality mid‑cap companies with the potential to grow their dividends over time. The goal was straightforward—build a portfolio designed to provide resilience during periods of uncertainty while pursuing long‑term capital appreciation across full market cycles. Thirty years later, that philosophy remains firmly in place.
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A Disciplined Approach Through Uncertainty
Over the past three decades, the FAM Dividend Focus Fund has navigated a wide range of market environments—including the dot‑com bubble, the Global Financial Crisis, the COVID‑era market disruption, and more recent periods marked by elevated speculation and heightened geopolitical risk.
Through it all, Fenimore has maintained a repeatable, research‑driven process, emphasizing companies with durable cash flows, strong balance sheets, and management teams positioned to navigate uncertainty and support growing dividends over time.
Continuity of Leadership
April 1 marks 30 years of Paul Hogan’s leadership of the FAM Dividend Focus Fund and 35 years with Fenimore—an uncommon level of continuity in an industry where the average manager tenure is approximately seven years.[1] In May 2020, he was joined by Portfolio Manager William Preston, who celebrates his 10th anniversary with the firm this year.
Looking Ahead
As the FAM Dividend Focus Fund enters its fourth decade, Fenimore remains committed to the principles that have guided the strategy since 1996: quality businesses, dividend growth, and disciplined long‑term stewardship.
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“The FAM Dividend Focus Fund reflects Fenimore’s enduring commitment to investing in high‑quality businesses that can compound value over time,” said Mr. Hogan. “While markets and benchmarks evolve, our focus remains on owning companies we understand, with the financial strength to navigate uncertainty and reward long‑term investors.”
“Periods of market speculation can be challenging for disciplined strategies,” added Mr. Preston. “But we believe consistency of process, quality of holdings, and a long‑term perspective remain essential to building durable investment outcomes over time.”
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Founded in Cobleskill in 1974, Fenimore Asset Management is an independent, nationally recognized investment advisor with more than $5.06 billion in assets under management (as of 12/31/2025) through its Albany and Cobleskill offices. Fenimore offers both separately managed accounts and a family of mutual funds that can be used for retirement and other long-term investment planning. The firm’s team of professionals prides itself on investing in carefully selected quality businesses and providing its investors with highly personalized investment services.
Learn More
Dividends are not guaranteed and a company’s future ability to pay dividends may be limited. See the prospectus for additional important information.
All investing involves risk including the possible loss of principal. Before investing, carefully read the fund prospectus which includes investment objectives, risks, charges, expenses and other information about the fund. Please call us at 800-932-3271 and/or visiting www.fenimoreasset.com for a prospectus or summary prospectus. Securities offered through Fenimore Securities, Inc. Member FINRA, and advisory services offered through Fenimore Asset Management, Inc.
[1] “How Does Manager Tenure Impact Fund Performance?” YCharts May 2023, (https://get.ycharts.com/resources/blog/how-does-manager-tenure-impact-fund-performance/)
