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Discover Key Insights from the Jefferies Industrial Conference

Discover Key Insights from the Jefferies Industrial Conference

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    The Fenimore research team recently attended the prestigious Jefferies Industrial Conference, engaging with a diverse spectrum of industrial companies, including:

    • Industrial Distribution
    • HVAC Systems
    • Trucking
    • Aerospace
    • Industrial Gases
    • Building Materials
    • Aggregates
  • RESEARCH ON THE ROAD - JEFFERIES INDUSTRIAL CONFERENCE

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Here are a few important takeaways that are shaping the industrial landscape in 2023:

  1. Inventory Normalization: In the wake of supply chain disruptions and surging demand, 2023 saw many industries grappling with elevated inventory levels. However, the tide appears to be turning as destocking took center stage in the first half of the year. The good news? Many companies expect this trend to find resolution in the latter half of 2023, and highly confident that destocking woes would not linger into 2024.
  1. Pricing Dynamics: Companies, faced with relentless cost inflation, have responded aggressively by implementing record price hikes over the past few years. Remarkably, companies across the board are fairly resolute in their ability to return to “typical” price increases throughout 2024 and beyond, with little to no concern for deflation.
  1. Resilience in Capital Spending: Despite the impact of higher interest rates, companies are demonstrating unwavering commitment to their capital spending strategies. Capital costs may be on the rise, and customer demand may be showing signs of softening, but this hasn’t deterred companies from pursuing their reinvestment and M&A goals.

As part of our research process, our Portfolio Managers meet with company executives, attend conferences, and engage in face-to-face interactions throughout the year. This ‘X factor’ is what truly distinguishes us, giving us unparalleled insights into companies, their operations, competitive advantages, and challenges. It’s what fuels our confidence in every investment we make.

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FAM Funds’ 37th Annual Investor Meeting

FAM Funds’ 37th Annual Investor Meeting

Fenimore Asset Management, manager of the FAM Funds, welcomes you to join us & hear:

  • How our new generation of leadership continues to focus on in-depth, firsthand research and service excellence.
  • The latest insights from our investment research analysts’ company visits.
  • An evaluation on long-term investing through various market cycles — despite the news headlines at any given time.
Tuesday, October 10, 2023
4:00–5:00 p.m.

Cobleskill-Richmondville High School Auditorium
1353 State Route 7, Richmondville, NY
Refreshments & Complimentary Gift

BRING A GUESTIt’s a great opportunity to meet our team.

MEETING Q&A — Questions can be submitted when you RSVP or asked during the meeting.

RSVP

or call 800-932-3271
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37th Annual Investor Meeting


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Makayla Tebano joins Fenimore as Vice President, Marketing

Makayla Tebano joins Fenimore as Vice President, Marketing

Fenimore Asset Management, an independent, Capital Region-based investment advisory firm and manager of the FAM Funds family of mutual funds, has appointed Makayla Tebano to Vice President of Marketing. Makayla, a Capital Region native, leads the firm’s marketing and brand strategy.

“Makayla brings more than 20 years of experience working across different marketing channels and will be a valuable asset to the firm’s marketing strategy as we look to grow our presence within the Capital Region,” said Fenimore’s President Christian Snyder, J.D., CFA®. “Her expertise will strengthen the firm’s initiatives while remaining true to the core of what we provide — a distinctive investment research approach and high-touch, personalized service.”

Prior to joining Fenimore, Mrs. Tebano was the Sr. Director of Marketing for MVP Health Care where she spent 20 years in a variety of marketing and leadership roles. She is a Leadership Capital Region Class of 2016 alumna and earned a BA from The College of Saint Rose. 

Founded in 1974, Fenimore Asset Management is an independent, nationally recognized investment manager with more than $4.27 billion in assets under management (as of 6/30/2023) through its Cobleskill and Albany offices. Fenimore offers both individually managed portfolios and a family of mutual funds (FAM Funds) that can be used for retirement and other long-term investment planning. The firm’s team focuses on in-depth research, investing in carefully selected quality businesses, and providing its investors with highly personalized investment services.

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Makayla Tebano


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Shaun Fagant

Fenimore Promotes Shaun Fagant

Fenimore Promotes Shaun Fagant

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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, has promoted Shaun Fagant to Regional Director. In his new role, Mr. Fagant will share Fenimore’s distinctive investment approach and solutions with individuals, families, nonprofits, small businesses, and other organizations.

    “Shaun’s extensive experience in working one-on-one with investors and helping them achieve their financial goals should be a great benefit to people in our region,” said Fenimore Senior Vice President Anne Putnam. “He is dedicated to service excellence and developing caring, long-term relationships with our investors that are anchored in trust.”

    Prior to his promotion, Mr. Fagant served on the FAM Funds Shareholder Services team as a Shareholder Relations professional. Previously, he was a Team Leader at Ayco (a Goldman Sachs Company) overseeing a group of financial planners. Mr. Fagant has more than 17 years of financial planning experience and earned his master’s degree in Business Administration from the University of Massachusetts.

  • Shaun Fagant, Regional Director

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    Shaun Fagant, Regional Director

Founded in 1974, Fenimore Asset Management is an independent, nationally recognized investment manager with more than $4.08 billion in assets under management (as of 3/31/2023) through its Cobleskill and Albany offices. Fenimore offers both individually managed portfolios and a family of mutual funds (FAM Funds) that can be used for retirement and other long-term investment planning. The firm’s team focuses on in-depth research, investing in carefully selected quality businesses, and providing its investors with highly personalized investment services.

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Antonio Hebert Earns the Chartered Financial Analyst® (CFA®) Designation

Antonio Hebert Earns the Chartered Financial Analyst® (CFA®) Designation

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    Fenimore Asset Management is pleased to announce that Antonio Hebert earned the Chartered Financial Analyst® (CFA®) designation and is among several of the research analysts at Fenimore Asset Management, the investment advisor to FAM Funds, to become a CFA® charterholder member. The CFA® designation introduces Antonio into a select professional community of ethical financial experts around the world.

    Antonio joined Fenimore in 2019, as an Investment Research Associate, conducting firsthand, individual company research as part of Fenimore’s time-tested investment approach. Antonio graduated third in his class from Fordham University before joining Fenimore. He earned a BS in Finance with a secondary concentration in Value Investing.

    “We are very proud of Antonio for achieving this milestone,” said John Fox, Chief Executive Officer. “This designation coupled with his commitment to our investment process, intelligence, and character will continue to make a positive difference at Fenimore.”

    Congratulations, Antonio!

  • Antonio Hebert

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WSJ Category King – FAM Small Cap Fund

WSJ Category King – FAM Small Cap Fund

The FAM Small Cap Fund was recognized again as a “Category King” in The Wall Street Journal.*

“We are proud to receive this recognition,” said Andrew Boord, Portfolio Manager of the FAM Small Cap Fund. “At the same time, we don’t focus on categories or consider the portfolio to be a growth fund. Our focus is on researching and owning what we believe are quality companies that can grow and produce attractive returns over the long term.”

Learn more about the FAM Small Cap Fund

FAM SMALL CAP FUND DETAILS

THE QUEST FOR QUALITY SMALL CAP STOCKS

Andrew Boord

*The FAM Small Cap Fund (Investor Class Shares) was listed in the “Small-Cap Growth” category. “Category Kings in 9 Realms” selection criteria: “Top-performing funds in each category, ranked by one-year total returns (changes in net asset values with reinvested distributions) as of March 31, 2023; assets are as of Feb. 28. All data are final.” Year-to-date, 1-year, 3-yr, 5-year, and 10-year performance are also shown in the listing. The FAM Small Cap Fund is listed as number five on this one-year ranking out of 931 funds.


Past performance is not indicative of future results. All investing involves risk including the possible loss of principal. Before investing, carefully read the fund’s investment objectives, risks, charges and expenses. FAM Funds’ prospectus or summary prospectus contains this and other important information about FAM Funds and should be read carefully before you invest or send money.

To obtain a prospectus or summary prospectus and performance data that is current to the most recent month-end for each fund as well as other information, please go to fenimoreasset.com or call (800) 932-3271.

The principal risks of investing in the fund are: stock market risk (stocks fluctuate in response to the activities of individual companies and to general stock market and economic conditions), stock selection risk (Fenimore utilizes a value approach to stock selection and there is risk that the stocks selected may not realize their intrinsic value, or their price may go down over time), and small-cap risk (prices of small-cap companies can fluctuate more than the stocks of larger companies and may not correspond to changes in the stock market in general).

Neither this presentation nor any of its contents may be distributed or used for any other purpose without the prior written consent of Fenimore. The description of certain aspects of the market herein is a condensed summary only. This summary does not purport to be complete and no obligation to update or otherwise revise such information is being assumed. These materials are provided for informational purposes only and are not otherwise intended as an offer to sell, or the solicitation of an offer to purchase, any security or other financial instrument. This summary is not advice, a recommendation or an offer to enter into any transaction with Fenimore or any of their affiliated funds. This presentation may contain statements based on the current beliefs and expectations of Fenimore’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Any references herein to any of Fenimore’s past or present investments, portfolio characteristics, or performance, have been provided for illustrative purposes only. It should not be assumed that these investments were or will be profitable or that any future investments will be profitable or will equal the performance of these investments. There can be no guarantee that the investment objectives of Fenimore will be achieved. Any investment entails a risk of loss. Unless otherwise noted, information included herein is presented as of the date indicated on the cover page and may change at any time without notice.

Securities offered through Fenimore Securities, Inc. Member FINRA/SIPC, and advisory services offered through Fenimore Asset Management, Inc.

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Fenimore’s 2022 Year-End Newsletter

Fenimore’s 2022 Year-End Newsletter

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Fenimore’s 2022 newsletter features:

  • Investment Insights from CEO John Fox: “The good news is these turbulent times will come to an end and our ship is built for the long haul with what we believe are quality companies that can survive and navigate difficult surroundings.”
  • President Christian Snyder’s Message: “With Fenimore’s heritage and differentiated approach to serving our investors resting on such sound footing, my plan is to ensure, elevate, and expand.”
  • IRA News: Details are provided on the 2022 contribution deadline and 2023 limits.
  • Team Highlights: Fenimore welcomes new team members and a board member while recognizing four retirees for their decades of faithful service.
  • Supporting Our Community: The FAM 5K — Off and Running!
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Fenimore’s 2022 Year-End Newsletter


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Christian Snyder & The Albany Business Review Leader Board

Christian Snyder & The Albany Business Review Leader Board

Christian Snyder, J.D., CFA®, President, was named in the Albany Business Review’s Leader Board series as one of the ‘54 Capital Region senior executives you should know’ on December 11th. This series features ‘well-known executives making career moves and those new to the region.’*

Christian Snyder, J.D., CFA®, joined Fenimore as President in October 2022. He succeeds Debra Pollard who is retiring from Fenimore at the end of 2022 after a tenure of more than 30 years, the last six as President. He previously held the position of Chief Operating Officer of the Wealth Strategies Group at Goldman Sachs Ayco Personal Financial Management.
Congratulations Christian!

*The Albany Business Review Leader Board is a quarterly series that introduces readers to the newest top executives.

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Christian Snyder


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