FMFAX

The primary objective of this fund is to achieve long-term capital growth for its investors. It predominantly allocates its capital to common stocks, with a mandate to commit at least 80% of its total assets to companies whose core operations involve the creation, extraction, processing, or distribution of fundamental raw materials and semi-finished products. The portfolio encompasses both domestic and international businesses. Investment selections are driven by a thorough fundamental analysis, scrutinizing each issuer's financial stability, its competitive standing within its industry, and the broader economic and market conditions. It is important to note that this fund operates as a non-diversified investment vehicle.