View the Annual Report of Proxy Voting Record of Registered Management Investment Company.
USA Patriot Act – Money Laundering Notification
In response to the terrorist attacks on September 11, 2001, the U.S. Congress passed the USA Patriot Act. To help the government fight the funding of terrorism and money laundering activities, the USA Patriot Act requires all financial institutions, including mutual funds, to obtain, verify and record information that identifies each person who opens an account. For all new accounts, this means that the following information must be obtained: Name, Date of Birth, Physical Residential Address (post office boxes are permitted for mailing purposes only), and Taxpayer Identification Number, such as a Social Security Number. We may also ask to see your driver’s license or passport in order to verify your identity.
Until such verification is made, FAM Funds may be required to not open your account, close your account or take other steps we deem reasonable if we are unable to verify your identity and ensure that the information you supply is correct.
Fenimore Securities, Inc. Business Continuity Planning
Fenimore Securities, Inc., a broker-dealer and distributor of the FAM Funds, has developed a Business Continuity Plan on how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, and in compliance with FINRA Rule 4370, we are providing you with this information on our business continuity plan.
After a significant business disruption, please contact us as you normally would at 800.932.3271 or visit www.fenimoreasset.com. FAM Funds Shareholder Services, our service provider, will seek to continue to provide access to your account at FAM Funds.
Our Business Continuity Plan
We plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm’s books and records, and allowing our customers to transact business. In short, our business continuity plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption.
Our Business Continuity Plan Addresses
Data back up and recovery; all mission critical systems; financial and operational assessments; alternative communications with customers, employees, and regulators; alternate physical location of employees; critical supplier, contractor, bank and counter-party impact; regulatory reporting; and assuring our customers prompt access to their funds and securities if we are unable to continue our business.
Our service provider, FAM Funds Shareholder Services, backs up our important records in a geographically separate area. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, we have been advised by FAM Funds Shareholder Services that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments within 24 hours. Your transactions could be delayed during this period.
Significant business disruptions can vary in their scope, such as the single building housing our firm, the city where we are located, or the whole region. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In a disruption to our firm, our city, or our region, we will seek to transfer our operations to our emergency site when needed and expect to recover and resume business within 24 hours. In each situation, we plan to continue in business and notify you through our website www.fenimoreasset.com
While Fenimore Securities and FAM Funds Shareholder Services plan to resume business as expeditiously as possible, should a significant business disruption occur such that FAM Funds does not calculate its net asset value (e.g., a disruption that affects trading on the NYSE or Nasdaq), your transaction may be delayed until such time as the net asset value is next calculated.
For More Information
Any material changes to the above information will be available on our website or upon request. If you have questions about our business continuity planning, you can contact us at (800) 932-3271.