Lucy’s real-life story about her college education fund illustrates how dollar-cost averaging is working in her particular circumstance. Soon after she was born, Lucy’s parents opened her FAM Value Fund account. Each month thereafter, Lucy’s parents have added the same amount to her account. Although Lucy’s account may not be representative of the experience of other FAM Value Fund investors, it is a good example of investing a fixed-dollar amount over a long period of time.

Lucy’s investment in the FAM Value Fund is no guarantee of future performance or success, but you can see after reviewing her annual statements that systematically investing and reinvesting all capital gains and dividends has already provided her with considerable education funds.

Thomas O. Putnam founded Fenimore in 1974 with two passions: conduct in-depth, firsthand, independent investment research and serve investors with excellence and integrity. Today Fenimore Asset Management, manager of the FAM Funds, is nationally recognized, yet locally rooted and independently owned. Decades have passed, but our approach endures.

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