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FAM Value Fund Investor Class

FAMVX · NASDAQ

Market closed$106.37$-1.03 (-0.96%)

Key statistics

Previous close$107.40
Open$106.37
Day high$106.37
Day low$106.37
52-week high$107.44
52-week low$95.55
Market cap1.80B
Volume—
Average volume—
P/E ratio27.29
Forward P/E—
EPS3.90
Dividend yield0.00%

Market context

Why it moved

FAMVX declined modestly today amid low trading volume and broader market pressure, with no specific catalysts identified to offset selling activity in the fund.

Tickeron

What is happening

Recent company-specific developments and publisher coverage.

July 15, 2026FAM Value Fund held steady after hours against a broadly constructive backdrop for financial services, as the XLF sector ETF closed near its 52-week high and the S&P 500 remained within striking distance of record levels. The day's dominant narrative was a blowout Q2 earnings season for asset managers and Wall Street banks — BlackRock topped estimates with record iShares inflows surpassing $6 trillion in AUM, BNY raised its full-year revenue forecast, and Goldman Sachs posted record equities revenue — all tailwinds for value-oriented funds with financial sector holdings. Cooler June CPI data (3.5% vs. 3.8% expected) also reduced near-term rate hike fears, supporting equity valuations broadly.
July 14, 2026FAM Value Fund held steady after hours as its financial services sector backdrop was dominated by blowout Q2 earnings from major Wall Street banks—JPMorgan posted the highest quarterly profit ever by a U.S. bank, while Goldman Sachs and Wells Fargo also topped estimates on surging dealmaking and trading revenue. The XLF sector ETF edged slightly lower in after-hours trade despite the strong bank earnings, as investors weighed Iran-related geopolitical risks, a cooler-than-expected June CPI print of 3.5%, and Morningstar's cautious view that financial stocks remain the second-worst-performing sector over the past year amid AI disruption concerns and cracks in private credit.

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July 10, 2026FAM Value Fund (FAMVX) closed near its 52-week high of $107.44, holding steady amid a mixed but broadly constructive backdrop for financial services. The broader XLF sector ETF dipped modestly in after-hours trading, while the S&P 500 hovered near its own 52-week highs as Q2 bank earnings season approaches — with JPMorgan, Goldman Sachs, and others set to report next week. Asset managers like FAMVX, which holds value-oriented equities, are benefiting from strong capital markets momentum and resilient consumer fundamentals, even as geopolitical volatility from the U.S.-Iran conflict earlier in the week created brief turbulence across global markets.

0.59931

July 8, 2026FAM Value Fund closed essentially unchanged amid a broad risk-off session on Wall Street, as geopolitical tensions dominated financial markets. President Trump's declaration that the Iran peace framework was 'over' sent oil surging over 5% and triggered a global selloff, with the S&P 500 and Nasdaq both declining as investors fled risk assets. The financial sector ETF (XLF) retreated during the session, reflecting broader pressure on asset managers and financials, though XLF held near flat in after-hours trade. With Q2 earnings season approaching for major financial names and Goldman Sachs cautioning that AI-driven earnings surprises may fade, value-oriented fund investors are watching macro headwinds closely.

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July 2, 2026FAM Value Fund (FAMVX) closed at its 52-week high of $107.33, holding steady as the financial services sector posted strong Q2 gains. The Zacks Finance sector surged 10.9% in Q2 2026, driven by a revival in retail trading, higher capital market volumes, and fading recession fears, with asset managers like Franklin Resources and State Street among the top performers. Macro attention now turns to the June jobs report, with Fed Chair Warsh's recent comments pricing out a July rate hike and softer private payroll data reinforcing a more cautious monetary policy outlook.

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June 24, 2026FAM Value Fund held steady after markets stabilized on June 24, with the S&P 500 recovering modestly following a brutal tech-led selloff the prior session. The financial sector ETF (XLF) closed slightly lower on the day amid concerns over asset manager valuations — underscored by BlackRock declining over 3% — as shifting interest rate expectations and equity market volatility weighed on fee-dependent business models. The Fed's annual bank stress test, which confirmed resilience across major banks, offered some sector support, though the broader asset management industry remained under pressure from uncertain AUM trajectories.

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Peers

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