Awards

The Adirondack Small Cap Fund is the proud recipient of a 2013 and 2011 Lipper Fund Award.

In 2013, the Adirondack Small Cap Fund was ranked best out of 186 Small Cap Value Funds for the five-year period from 2008 to 2012.

In 2011, the Adirondack Small Cap Fund was ranked best out of 196 Small Cap Value Funds for the three-year period from 2008 to 2010.

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. The awards are based on a fund’s ability to deliver consistently strong risk-adjusted performance relative to its peers and recognize the world’s top funds, fund management firms, sell-side firms, research analysts, and investor relations teams.

Lipper.2013     Lipper.2011

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