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Friday, January 8, 2010, 1:06AM ET - U.S. Markets open in 8 hours and 24 minutes. Dow Up 0.31% Nasdaq Down 0.05%
Adirondack Small Cap (ADKSX)On Jan 7: 11.98  Up 0.09 (0.76%)  
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Profile  As of 30-Nov-09Get Profile for:
Adirondack Small Cap
26 Vly Road Albany NY 12205
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Phone: 888-686-2729
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FUND OVERVIEW 
Category:Small Value
Fund Family:Adirondack Funds
Net Assets:10.65M
Year-to-Date Return:45.88%
Yield:0.00%
Morningstar Rating:4 stars
Fund Inception Date:05-Apr-05
MORNINGSTAR STYLE BOX 
Small Value
[View Category Definition]
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About the Morningstar Style Box
MANAGEMENT INFORMATION 
Matthew P Reiner
Lead Manager since 06-Apr-05
Reiner is the portfolio manager of ARMI, Prior to join it in February 2005; he was a vice president and portfolio manager at Paradigm Capital Management with authority over the selection of investments for assets under management. Reiner began his investment career as a sell-side research associate with CL King & Associates in 1994 and worked as an equity analyst for it from 1996 through 1997. Reiner holds the Chartered Financial Analyst designation.
INVESTMENT INFORMATION 
Min Initial Investment:$0
Min Initial Investment, IRA:$0
Min Initial Investment, AIP:$0
Min Subsequent Investment:$50
Min Subsequent Investment, IRA:$0
Min Subsequent Investment, AIP:N/A
ADKSX can be purchased from brokerages.
FUND SUMMARY 
The investment seeks long-term capital appreciation The fund normally invests at least 80% of total assets in common stocks of small capitalization companies with market capitalizations of less than $3 billion. It may occasionally invest up to 15% of total assets in American Depositary Receipts issued by foreign companies. During periods in which suitable undervalued equity securities are not available, the fund may invest up to 20% of assets in money-market securities and/or shares of investment companies with investment objectives and principal investment strategies similar to those of the fund.
FUND OPERATIONS 
Last Dividend YFT_NOT_APPLICABLE_ABBREVIATION
Last Cap Gain (16-Dec-08): 0.20
Annual Holdings Turnover 72.01%
Average for Category: 86.18%
FEES & EXPENSES 
ExpenseADKSXCategory
Avg
Total Expense Ratio:% 1.52%
Max 12b1 Fee:% N/A
Max Front End Sales Load:% 5.42%
Max Deferred Sales Load:% 2.53%
3 Yr Expense Projection*: $ YFT_NOT_APPLICABLE_ABBREVIATION$638
5 Yr Expense Projection*: $ YFT_NOT_APPLICABLE_ABBREVIATION$1,010
10 Yr Expense Projection*: $ YFT_NOT_APPLICABLE_ABBREVIATION$2,034
* Per $10,000 invested


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