Fairpointe Mid Cap Fund  (ABIZX)

Fund Overview

Fund Overview

Share Class

Z

Morningstar | Style Box

V B G L M S

NAV | as of 01/22/2018

$46.16
+$0.17 (+0.37%)

Quarterly Performance (%) |
vs. Benchmark as of 12/31/2017

Fund Inception 09/29/2017

YTD 1YR 3YR 5YR 10YR INCEP.
ABIZX - - - - - 5.39
S&P MidCap 400 Index 16.24 16.24 11.14 15.01 9.97 6.25
Russell Midcap® Index 18.52 18.52 9.58 14.96 9.11 6.07

Expense Ratios

  • Gross Expense Ratio: 0.80%
  • Net Expense Ratio: 0.79%
  • Expense Cap Expiration Date: 10/01/2018

Read Important Investment Disclosures

Objective

The Fund seeks long-term total return through capital appreciation by investing primarily in common and preferred stocks and convertible securities.

Why Consider

  • The Fund may be appropriate for your overall investment allocation if you are looking to further diversify a portfolio with exposure to mid cap companies
  • Fairpointe employs a comprehensive risk management approach that reviews portfolio, investments, and operational risks
  • Fairpointe seeks to select companies that are inefficiently priced relative to their fundamental value, earnings growth outlook and cash flow generation over the next three to five years

Fund Managers

Thyra E. Zerhusen, CFA

CEO and Chief Investment Officer

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Marie L. Lorden

Portfolio Manager and Co-Founder

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Brian Washkowiak, CFA

Portfolio Manager

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Mary L. Pierson

Co-Founder, Co-Chief Executive Officer

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Performance

Performance

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Returns & Distributions

as of 12/31/2017

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 27, 2017 $2.879300 $0.067800 $2.811500

Sector Allocation (Equity)

Quarter Ending: 12/31/2017

Top Holdings (Equity)

Quarter Ending: 12/31/2017

Akamai Technologies Inc 3.69%
Time Inc 3.48%
Juniper Networks Inc 3.36%
Teradata Corp 3.36%
Cree Inc 3.31%
Hormel Foods Corp 3.23%
Domtar Corp 3.15%
New York Times Co, Class A 3.05%
TEGNA Inc 2.96%
Stericycle Inc 2.91%
% in Top 10 Holdings 32.50%
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Characteristics & Stats

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Investment Approach

Investment Approach

Fairpointe Mid Cap Fund

The Fund invests at least 80% of its assets in companies with a market capitalization that falls between $1 billion and $15 billion. Fairpointe identifies these companies by utilizing a fundamental bottom-up approach to filter the number of securities they follow down to the 45-50 securities typically held in the Fund. This proprietary valuation model focuses on mid cap companies with an improving revenue and earnings growth outlook.

Perspective | Oct 20, 2017

WealthManagement.com: Q&A with Thyra Zerhusen

In a recent interview with WealthManagement.com, portfolio manager Thyra Zerhusen discussed a part of the U.S. equity market that investors may be overlooking—mid-cap stocks. According to Zerhusen, mid-cap stocks can offer greater access to management than large-cap stocks while carrying lower risk than small cap stocks.
Read More

Markets Are Cyclical, Your Success Should Not Be

If history has taught us anything, it is that markets are cyclical. They rise and they fall, and just when investors convince themselves that something has changed, the pattern continues. Investors who understand this about the markets possess a distinct advantage.
Read Full Perspective

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.

Learn More

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Fairpointe ESG Equity Fund

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Founded

2011


Headquarters

Chicago, IL


AUM

$5.4B

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