Fairpointe Mid Cap Fund  (ABIZX)

Fund Overview

Fund Overview

Share Class


Morningstar | Style Box


NAV | as of 03/25/2019

+$0.01 (+0.03%)

Quarterly Performance (%) |
vs. Benchmark as of 12/31/2018

Fund Inception 09/29/2017

ABIZX -18.31 -18.31 - - - -11.25
S&P MidCap 400 Index -11.08 -11.08 7.66 6.03 13.68 -4.46
Russell Midcap® Index -9.06 -9.06 7.04 6.26 14.03 -2.85
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: 0.80%
  • Net Expense Ratio: 0.80%
  • Expense Cap Expiration Date: N/A

Read Important Investment Disclosures


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

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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Returns & Distributions

As of 12/31/2018

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 27, 2018 $2.973900 $0.316900 $2.657000
      Dec 27, 2017 $2.879300 $0.067800 $2.811500

Sector Allocation (Equity)

As of: 12/31/2018

Top Holdings (Equity)

As of: 12/31/2018

TEGNA Inc 4.26%
Teradata Corp 3.41%
Juniper Networks Inc 3.40%
Meredith Corp 3.32%
Molson Coors Brewing Co, Class B 3.20%
New York Times Co, Class A 2.93%
Northern Trust Corp 2.89%
Jabil Inc 2.86%
Mattel Inc 2.84%
Bunge Ltd 2.76%
% in Top 10 Holdings 31.87%
View Holding Details Read Important Investment Disclosures

Characteristics & Stats

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Investment Approach

Investment Approach

Fairpointe Mid Cap Fund

The Fund invests at least 80% of its assets in stocks of mid-cap companies, defined as being within the capitalization range of the Russell Midcap® Index. 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 Fairpointe Capital


Fairpointe Capital 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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Fund Detail Read Important Investment Disclosures

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