Adirondack Small Cap Fund

contact: Steve Gonick
sgonick@adirondackfunds.com
(518) 690-0470
www.adirondackfunds.com

Capital Region mutual fund winning
national attention for performance

Adirondack Small Cap Fund (ADKSX), an owner-managed,
no-load mutual fund headquartered in Guilderland, is gaining national attention since being recognized by Lipper Inc. as the best small cap value fund in the U.S. in March. The mutual fund was ranked best out of 196 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.

ADKSX’s philosophy of incorporating independent thinking, patience and strict value criteria in choosing companies as investments in the fund is paying off for its shareholders. Mutual fund managers Greg Roeder and Matt Reiner look for certain characteristics when investing, including companies that are out of favor (not followed by Wall Street or industries in transition), companies in sectors with encouraging trends, companies with improving competitive positions and companies that manage assets wisely.

“With much of our own money invested in the fund, we are strong believers that portfolio managers should eat their own cooking,” says Reiner.

The fund began operation in April 2005 and has enjoyed strong growth during the past two years, with approximately $65 million of assets under management today. Earlier this month, the Adirondack Small Cap Fund achieved a five-star rating for overall performance by Morningstar, an independent company that tracks mutual fund performance.