Fund Evaluator:
FAM Small Cap Investor (FAMFX)
Follow This Fund
Best Performing in Small Growth Over the Last Year
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Fund Details
FAM Small Cap Investor Overview
FAM Small Cap Investor (FAMFX) is an actively managed U.S. Equity Small Growth fund. FAM launched the fund in 2012.
The investment seeks to maximize long-term return on capital. The investment advisor employs a "value approach" in making its common stock selections. It invests at least 80% of its net assets plus the amount of any borrowings for investment purposes in securities of small-cap companies. The investment advisor considers small-cap companies to be those issuers that, at the time of initial purchase, have a market capitalization that is within or below the range of companies in the Russell 2000 Index as of the latest reconstitution.
About FAM Small Cap Investor (FAMFX)
There are 2 members of the management team with an average tenure of 8.72 years: Andrew Boord (2016), Kevin Gioia (2019). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 2000 TR USD index with a weighting of 100%. FAM Small Cap Investor has 26 securities in its portfolio. The top 10 holdings constitute 45.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
FAM Small Cap Investor is part of the Equity global asset class and is within the U.S. Equity fund group. FAM Small Cap Investor has 22.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 73.9%. There is 22.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). FAM Small Cap Investor has 4.1% of the portfolio in cash.
Assets Under Management
The fund has $191 million in total assets, which is below the $431 million average for the Small Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FAMFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The FAM Small Cap Investor expense ratio is high compared to funds in the Small Growth category. FAM Small Cap Investor has an expense ratio of 1.25%, which is 6% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. FAM Small Cap Investor has a portfolio turnover rate of 18%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 78% for the Small Growth category.
Recently, in the month of July 2026, FAM Small Cap Investor returned 4.4%, which earned it a grade of A, as the Small Growth category had an average return of -6.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
FAM Small Cap Investor has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
FAM Small Cap Investor Grades
Year to date, the fund has returned 2.9%, 10.7 percentage points worse than the category, which translates into a grade of F. The fund has returned -3.8% over the past year (grade of F), 2.7% over the past three years (grade of F) and 3.0% per year over the past five years (grade of C) and 7.3% per year over the past 10 years (grade of F).
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FAMFX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FAMFX Return (NAV) | 4.4% | 9.6% | -3.8% | 2.7% | 3.0% | 7.3% |
| FAMFX Grade | A | A | F | F | C | F |
| +/- Category | 11.1% | 6.0% | -26.5% | -9.6% | -0.4% | -3.9% |
| Small Growth Avg | -6.7% | 3.7% | 22.7% | 12.4% | 3.3% | 11.2% |
| FAMFX Tax Cost Ratio | na | na | 0.8% | 1.1% | 1.0% | 0.8% |
FAMFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FAMFX Return (NAV) | 2.9% | -11.6% | 12.5% | 20.1% | -12.4% | 27.7% | 10.1% | 26.9% | -9.4% | 4.6% | 24.2% |
| FAMFX Grade | F | F | D | B | A | A | F | D | F | F | A |
| +/- Category | -10.7% | -19.6% | -3.0% | 3.4% | 15.5% | 17.2% | -31.7% | -3.0% | -5.2% | -19.5% | 14.0% |
| Small Growth Avg | 13.6% | 8.0% | 15.5% | 16.7% | -27.9% | 10.5% | 41.8% | 29.9% | -4.1% | 24.1% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 17.7% |
| Total Risk Index: | 1.44 - High |
| Category Risk Index: | 0.86 - Low |
| Category Risk Grade: | A (18% Rank) |
| Beta: | 0.89 |
| R-Squared: | 43% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $320 Mil |
| Fund Total Assets: | $ 192 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 18% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 10.6 years | |||
| Average Tenure: 8.7 years | |||
| Managers (Year): Boord Andrew (2016), Gioia Kevin (2019) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 26 |
| % in Top 10 Holdings: | 45.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 22.0% |
Portfolio Allocation |
|
| Domestic Stock: | 73.9% |
| Foreign Stock: | 22.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.1% |
Purchase Information
| Fund Family: | FAM |
| Phone Number: | 800-932-3271 |
| Website: | www.famfunds.com |
| Status: | Open |
| Inception Date: | March 1, 2012 |
| Min. Initial Purchase: | $ 500 |
| Min. Initial IRA Purchase: | $ 100 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.25% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.18% |
| Share Class: | FAM Small Cap Investor |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
