Fenimore Asset Management is the investment advisor to the Fenimore Private Client Group (separately managed accounts) and FAM Funds (mutual funds). Our mission is to help investors preserve their wealth and grow it over the long term. To accomplish this, our team of seasoned professionals conducts in-depth, independent research and analyzes the companies behind the investments to gain unique insights. Fenimore uses this first-hand knowledge and a time-tested process to help achieve our investors’ long-term financial goals. Fenimore History Thomas O. Putnam founded Fenimore Asset Management in 1974 as a means to manage family money after the Putnams astutely sold their textile business, Fenimore Fabrics, in Upstate New York. The family knew what it takes to run a successful business and based their investment philosophy on finding companies exhibiting those same quality characteristics. Fenimore Disclosure Fenimore Asset Management, the investment advisor to FAM Funds, does not endorse and is not responsible and assumes no liability for content, products, or services posted by third-parties on this or any Internet or social media site. Past performance is not indicative of future results, current performance may be lower or higher than the performance date quoted. Investment returns may fluctuate; the value of your investment upon redemption may be more or less than the initial amount invested. In part, the purpose of this presentation is to provide investors with an update on financial market conditions. 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 or a recommendation. More disclosure info: https://www.famfunds.com/fenimore-asset-management-disclosure

In 1896, Wilmot Stephens founded The Stephens Company in Binghamton, NY. “Stephen’s Climbers” were handcrafted in his blacksmith shop and formed the genesis of entire product lines serving linemen and arborists. Several years later in 1913, W.H Buckingham purchased The Stephens Company and changed the name to what is now known as Buckingham Manufacturing Co., Inc. At that point in time, manufacturing was expanded beyond climbers to include linemen’s body belts, safety straps, climber pads, knives, and other tools. Andy Batty Jr. and a new management team took ownership in 1984 and grew the company substantially over the next several decades, solidifying Buckingham’s role as the world’s leading and most trusted manufacturer of equipment for major electric utilities, telecommunications companies, wireless and cable providers, and arborists. Today, Andy and his son Tim continue to guide the company and have expanded, improved, and introduced new products; built, maintained, and grew a robust sales and distribution system that spans the globe, and introduced new technology to the industries Buckingham serves as well as its own production facility. According to a catalog from the 1940’s, “Mr. Buckingham always demanded the utmost in fine workmanship and made no compromise with quality.” That laser-like focus on quality remains today amongst a continually growing and dedicated workforce at the same exact Binghamton, NY location. Today: Buckingham Manufacturing is ISO 9001:2015 certified and follows all applicable industry standards including OSHA, ANSI, ASTM, CSA and CE requirements. Our factory is located in its original location and we still manufacture our products right here in America. The BuckLab, where we research, design and test products is ISO 17025 Certified. Knowing the dangers of the industries we serve, our products are inspected BuckTough™ and from raw materials, through in-process manufacturing, to the final product.

At PracticeLink, we connect health care providers in all specialties with hiring health care organizations and career opportunities nationwide. As the nation’s leading and most trusted online recruitment resource, we’re passionate about helping job-seeking medical professionals explore career potential with organizations around the country to find the right practice and start healing their communities. Who we serve: 🔶 Job-seeking residents, fellows, physicians, physician assistants, nurse practitioners and advanced practice providers have FREE access to all of our exclusive career advancement resources. 🔶 Recruiters from hiring hospitals, medical groups, health systems, clinics, academic institutions, and military and government organizations can access a suite of integrated recruitment resources—everything they need to recruit and hire the best physicians to heal their communities. Today, PracticeLink has two locations; Hinton, WV and St. Louis, MO.

Bothar Construction LLC is a construction company based out of 170 E Service Hwy, Binghamton, NY, United States.

Preserving – Engaging – Educating Fenimore Art Museum, Cooperstown, NY, is dedicated to welcoming and connecting people to our shared cultural heritage through exhibitions and programs that engage, delight and inspire.

We are a multi-site regional independent certified public accounting firm committed to providing our clients with responsible, value-added services that will help them succeed. Our Firm is proud of its excellent reputation with our clients and other business professionals, for providing timely and reliable financial information and advice. Our principal office is located at 92 Hawley Street Binghamton, New York 13901. Our Firm also has an additional office in Syracuse New York. We provide a wide range of audit, accounting, tax, and consulting services for , individuals, businesses, non-profits and governments. Our practice originated over 60 years ago in the Southern Tier of New York State and has since experienced substantial growth, requiring a significant commitment of professional personnel and resources. We are very proud of the very special qualities that have made and continue to make Piaker & Lyons the choice of many talented individuals and successful companies.

The Watershed Agricultural Council partners with hundreds of farm and forest landowners in the New York City Watershed region to ensure their lands stay within a working context. Keeping over 2,000 miles of Watershed lands productive and part of a growing economy is no easy task. Add in the challenge of delivering over one billion gallons of fresh, clean drinking water to nine million New Yorkers each day. Together with Watershed landowners and various partnering agencies, the Council achieves a two-part solution to a growing need: protecting clean water by ensuring working landscapes in agriculture and forestry. These working landscapes, in turn, provide pure food raised on family farms and strong local economies based on thriving farm operations and wood businesses based on healthy forests. All three are a direct result of innovative approaches in Watershed management. The Council uses: • Whole Farms Plans, • Forest Management Plans, • Conservation Easements and • Economic Initiatives to help farmers, forest professionals and private landholders address water pollution concerns on properties located in the Croton and Catskill/Delaware Watersheds.

Lamont Engineers is a civil engineering company based out of 197 Elm Street, Cobleskill, New York, United States.

Established in 1973, Doron Precision Systems, Inc. is the only company with over forty (49) years experience in driving simulation. Doron offers a broad line of off-the-shelf, proven, state-of-the art, cost-effective systems for training of Law Enforcement, Fire and EMS, Commercial Truck, Transit Bus and Novice Drivers. Doron has an in-house staff of professionals who have broad experience and career commitments to traffic safety training. This in-house staff is supported by curriculum committee(s) of nationally recognized traffic safety education experts. This team supports the ongoing development of related materials and the advancement of simulation technology as it relates to driver training and traffic safety education. The Company’s professional training personnel have wide experience in the effective use of driving simulation systems. Their responsibilities include continuing development and administration of training programs including development of user guides and manuals and training of customer instructional staff in effective use of the systems.

Johnson, Lauder & Savidge, LLP is a certified public accounting (CPA) firm that presently has a capable staff of professionals with expertise in various areas ready to serve your needs. The firm’s main office is located in Binghamton, NY with a satellite office in Montrose, PA. As part of our commitment to quality and excellence, Johnson, Lauder & Savidge, LLP encourages all professionals, CPA’s and non-CPA’s, to meet continuing education requirements required by CPA’s to maintain licensure. The firm is subject to peer review by an outside accounting firm on a triennial basis to ensure compliance with current standards. The firm enjoys a multi-disciplinary practice and has developed a depth of experience in the areas of mutual insurance companies, small business matters, estates and trusts, and individual taxation. The firm’s broad range of experience and the diverse experience of the firms staff and partners allow us to provide services ranging from complex audits, financial statements, statutory filings and management consulting.

ANDRE & SON, INC. is a company based out of 17150 STATE ROUTE 706, MONTROSE, Pennsylvania, United States.

Pecks Market is a supermarkets company based out of P.O. BOX 744, Livingston Manor, New York, United States.