The Adirondack Small Cap Fund (ADKSX) is an owner operated, no-load mutual fund managed by Adirondack Research and Management since the fund’s inception in April 2005. In 2011 and 2013, the fund was named by Lipper Inc. as the best small cap value fund in the U.S. for the three-year period from 2008 to 2010 and for the five-year period from 2008 to 2012, respectively. The prestigious Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community.
Our investment philosophy: At the Adirondack Small Cap Fund (ADKSX), we incorporate independent thinking, patience, and strict value criteria in choosing companies as investments in the Fund.
As contrarians, we believe that the best opportunities are found in smaller companies that have fallen out of favor with investors. We look for companies that have good balance sheets, solid cash flows and highly motivated management teams with clear and measurable plans to return the business back to optimal operating performance.
We use a “middle-down” research approach that identifies attractive industries for investment, eventually paring down to the few companies in those industries that make attractive additions to the Fund.
By assembling a diverse portfolio of these opportunities, we believe we can offer our shareholders compelling risk-adjusted returns over the long run.
To access the investor forms for the Adirondack Small Cap Fund (ADKSX), click here.
Past performance does not guarantee future results. Read the prospectus carefully before you invest. Please consider the investment objectives, risks, charges and expenses of The Adirondack Small Cap Fund before investing.
© Adirondack Research & Management, Inc., 2006