Investor Shares [Member] | FAM Small Cap Fund

FAM Small Cap Fund - Investor Shares

Investment Objective:

FAM Small Cap Fund's investment objective is to maximize long-term returnon capital.

Fees and Expenses of the Fund:

The tables below describe the fees and expenses that you may pay if youbuy and hold shares of the Fund.

SHAREHOLDER FEES

(fees paid directly from your investment)

Shareholder Fees - {FAM Small Cap Fund Investor Shares}	Investor Shares [Member] FAM Small Cap Fund Investor
Maximum sales charge (load) on purchase	none
Maximum deferred sales charge (load)	none
Redemption fee	none

ANNUAL  FUND OPERATING EXPENSES

(expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses - {FAM Small Cap Fund Investor Shares}	Investor Shares [Member] FAM Small Cap Fund Investor
Management Fees	0.90%
Distribution and Service (12b-1) Fees	none
Other Expenses	0.46%	[1]
Acquired Fund Fees and Expenses	0.01%
Total Fund Operating Expenses	1.37%

Expense Example:

This Example is intended to help you compare the cost of investing in the Fund withthe cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example alsoassumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

EXPENSE EXAMPLE

Expense Example- {FAM Small Cap Fund Investor Shares}	1 Year	3 Years	5 Years	10 Years
Investor Shares [Member] | FAM Small Cap Fund | Investor | USD ($)	139	434	750	1,646

Portfolio Turnover:

The Fund pays transaction costs, such as commissions, when it buys and sellssecurities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 26.84% of the average value of its portfolio.

Principal Investment Strategies:

Fenimore Asset Management, Inc. ("Fenimore"), the investmentadvisor to the Fund, employs a "value approach" in making its common stock selections. This approach is based on Fenimore's belief that at any given point in time the stock price of a company may sell below the company's "true business worth". Factors considered in evaluating the true business worth include the company'scur- rent earnings, and Fenimore's opinion as to its future potential. After identifying a company whosesecurities are determined to have a favorable price-to-earnings relationship, Fenimore plans to invest in such securities until the "true business worth" nears the market price of the company's securities.

Under normal market conditions the Fund invests at least 80% of its net assets, plus the amount of anyborrowings for investment purposes, in securities of small-cap companies. The Fund considers small-capcompanies 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. As of May 31, 2015, the market capitalization range for the Russell 2000 Index was approximately $177 million to $4.3 billion.

The Fund may invest in securities of both domestic and foreign issuers and it may invest in shares of other investment companies, including exchange-traded funds ("ETFs"). The Fund's policy of investing at least 80% of its net assets in smallcap companies may only be changed upon 60 days prior notice to shareholders.

Principal Risks:

• Small-CapRisk-smallcapitalizationcompaniesmaynothavethesize,resourcesorotherassetsoflarge capitalization companies.

• Non-diversificationRisk–theFundisclassifiedasa"non-diversified"fundwhichmeansthattheFund mayownlargerpositionsinasmallernumberofissuers.Afundthatislessdiversified,suchasthe Fund, may be more susceptible to adverse economic, political, or regulatory developments affectinga single issuer than a fund that is more broadly diversified.

• StockMarketRisk-thevalueofstocksfluctuateinresponsetotheactivitiesofindividualcompanies andgeneralstockmarketandeconomicconditions.Stockpricesmaydeclineovershortorextended periods of time. Stocks are more volatile and riskier than some other forms of investments.

• StockSelectionRisk-thevaluestockschosenfortheFundaresubjecttotheriskthatthemarketmay never realize their intrinsic value or their prices may go down.

• MarketRisk-thevalueofyourinvestmentwillgoupanddown,whichmeansthatyoucouldlosemoney.

• Foreign Investment Risk – the Fund may invest in securities of foreign issuers that are traded inforeign markets or may be represented by American Depository Receipts that are traded in the United States. Investments in non-U.S. securities may involve additional risk including exchange ratefluctuation, political or economic instability, the imposition of exchange controls, expropriation, limited disclosure and illiquid markets.

• Investment in Other Investment Companies Risk – the Fund may invest in shares of other investment companies, including ETFs. Shareholders of the Fund will indirectly be subject to the fees andexpenses of the other investment companies in which the Fund invests. In addition, shareholders will be exposed to the investment risks associated with investments in other investment companies.

Annual Total Return:

The following bar chart and table show some indication of the risks of investing inthe Fund.ThebarchartshowstheInvestorSharesperformancefor2013,2014and2015.Thetableshowsthe Investor Shares average annual returns (before and after taxes) for the one year period ended December31, 2015andsincetheFund'sinceptiononMarch1,2012comparedtothoseoftheRussell2000Index,theFund's primary benchmark. The Fund's past performance (before and after taxes) is not necessarily an indicationof how the Fund will perform in the future. Updated performance information may be obtained at theFund's website famfunds.com.

Average Annual Total Returns

Average Annual Total Returns- {FAM Small Cap Fund Investor Shares} - Investor Shares [Member] - FAM Small Cap Fund - Investor	1 Year	Since Inception	Inception Date
Before Taxes	(3.49%)	12.65%	Mar. 01, 2012
after taxes on distributions	(3.54%)	12.10%
after taxes on distributions and sale of fund shares	(2.07%)	10.27%
Russell 2000 Index	(4.41%)	10.55%

 Theafter-taxreturnsshowninthetablearecalculatedusingthehistoricalhighestindividualfederalmarginal income tax rates, and do not reflect the impact of state and local taxes. Actual after-tax returnsdepend ontheinvestor'staxsituationandmaydifferfromthoseshown.Theafter-taxreturnsarenotrelevantto investors who hold their Fund shares through tax-deferred arrangements such as 401(k) plans orindividual retirement accounts, or to investors who are tax exempt.

[1] "Other Expenses" have been restated based on current contractual arrangements and are estimated for the current fiscal year`.