Fairpointe ESG Equity Fund  (AFPTX)

Fund Overview

Fund Overview

Share Class

N

  • N

Morningstar | Style Box

V B G L M S

NAV | as of 11/13/2018

$11.42
+$0.04 (+0.35%)

Overall Morningstar Rating



Rated against 363 Mid-Cap Value funds as of 10/31/2018

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Quarterly Performance (%) |
vs. Benchmark as of 09/30/2018

Fund Inception 12/24/2014

YTD 1YR 3YR 5YR 10YR INCEP.
AFPTX -0.33 6.44 13.76 - - 6.23
Russell 1000® Index 10.49 17.76 17.07 13.67 12.09 11.46
View Monthly & Quarterly Performance Details

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses.

Expense Ratios

  • Gross Expense Ratio: 1.76%
  • Net Expense Ratio: 1.12%
  • Expense Cap Expiration Date: 03/01/2019

Read Important Investment Disclosures

Objective

The Fund seeks long-term total return through capital appreciation.

Why Consider

  • Fairpointe prefers investment in stocks it deems to have strong environmental, social and governance (ESG) records and seeks to avoid those with inferior ESG records relative to the market and peers
  • To manage risk, the subadviser employs a valuation discipline that attempts to purchase securities trading at a substantial discount to intrinsic value, limits position sizes and sector exposure, and adheres to a strong sell discipline
  • Also, Fairpointe looks for companies with the following characteristics: industry leaders with a focused business plan and the ability to grow their market share and proven, effective management

Fund Managers

Mary L. Pierson

Co-Founder, Co-Chief Executive Officer

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Frances E. Tuite, CFA

Portfolio Manager

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Thyra E. Zerhusen

CEO and Chief Investment Officer

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Performance

Performance

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Returns & Distributions

As of 09/30/2018

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 27, 2017 $0.152400 $0.152400
      Dec 27, 2016 $0.015300 $0.015300
      Dec 30, 2015 $0.085100 $0.085100

Growth of $10,000 (Hypothetical)

Since Inception 12/24/2014 to 10/31/2018 = $11,545.53

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Top Holdings (Equity)

As of: 09/30/2018

McDermott International Inc 4.09%
Scholastic Corp 3.98%
Wabtec Corp 3.97%
Meredith Corp 3.89%
Juniper Networks Inc 3.87%
TEGNA Inc 3.81%
Dean Foods Co 3.65%
QUALCOMM Inc 3.65%
International Business Machines Corp 3.45%
Molson Coors Brewing Co, Class B 3.39%
% in Top 10 Holdings 37.75%
View Holding Details Read Important Investment Disclosures

MPT Stats

As of: 10/31/2018

View All Characteristics & Stats

Sector Allocation (Equity)

As of: 09/30/2018

Investment Approach

Investment Approach

Fairpointe ESG Equity Fund

Preference is given to companies it deems to have strong environmental, social and governance (ESG) records and seeks to avoid those with inferior ESG records relative to the market and peers. The Fund also seeks to monitor and advocate for ESG accountability of portfolio companies through proxy voting and shareholder engagement.

The subadviser further evaluates stocks for selection based on bottom-up fundamental analysis, favoring companies with strong business models, effective management, strong or improving balance sheets and attractive valuations.

Keep Calm and Remain Diversified

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About

About Fairpointe Capital

Background

Fairpointe manages mid cap and all cap equity strategies for institutions and individuals. The Firm employs a disciplined fundamental bottom-up process to select companies that are inefficiently priced relative to their growth outlook.

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