Adirondack Funds(1)

Out-of-Favor Small Caps

Adirondack Small Cap Fund

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Aug 07, 2008

The Adirondack Small Cap Fund seeks to achieve its objective by investing in a diversified portfolio of undervalued equity securities (traded on U.S. exchanges) of companies with market capitalizations of less than $3 billion. Fund managers Matt Reiner and Greg Roeder employ a contrarian selection strategy, which primarily focuses on out-of-favor securities. Market expectations for such companies are low, resulting in attractive valuations in certain cases.