Fairpointe Mid Cap Fund  (ABMIX)

Fund Overview

Fund Overview

Share Class

I

Morningstar | Style Box

V B G L M S

NAV | as of 09/19/2018

$43.22
+$0.10 (+0.23%)

Overall Morningstar Rating



Rated against 372 Mid-Cap Value funds as of 08/31/2018

View Morningstar Details

Quarterly Performance (%) |
vs. Benchmark as of 06/30/2018

Fund Inception 07/06/2004

YTD 1YR 3YR 5YR 10YR INCEP.
ABMIX -3.70 2.31 6.33 9.38 9.70 9.76
S&P MidCap 400 Index 3.49 13.50 10.89 12.69 10.78 10.41
Russell Midcap® Index 2.35 12.33 9.58 12.22 10.23 10.09
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: 0.89%
  • Net Expense Ratio: 0.89%
  • Expense Cap Expiration Date: N/A

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

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 06/30/2018

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 27, 2017 $2.844500 $0.033000 $2.811500
      Dec 27, 2016 $1.992400 $0.242700 $1.749700
      Dec 30, 2015 $2.278200 $0.230400 $2.047800
      Dec 30, 2014 $7.641500 $0.064800 $1.243700 $6.333000
      Dec 30, 2013 $4.326600 $0.061400 $4.265200
      Dec 28, 2012 $1.130200 $0.388000 $0.017200 $0.725000
      Dec 29, 2011 $0.342000 $0.134900 $0.207100
      Dec 29, 2010 $0.168600 $0.093100 $0.075500
      Dec 29, 2009 $0.092800 $0.092800
      Dec 29, 2008 $0.492800 $0.198900 $0.293900
      Dec 14, 2007 $2.186900 $0.281900 $1.905000
      Dec 15, 2006 $1.831077 $1.831077
      Dec 16, 2005 $0.912600 $0.113300 $0.799300
      Dec 17, 2004 $0.744600 $0.744600

Growth of $10,000 (Hypothetical)

Since Inception 07/06/2004 to 08/31/2018 = $37,711.52

  • 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: 06/30/2018

McDermott International Inc 4.43%
Mattel Inc 4.18%
Juniper Networks Inc 3.69%
Hormel Foods Corp 3.58%
Teradata Corp 3.19%
TEGNA Inc 3.11%
Stericycle Inc 2.93%
Domtar Corp 2.79%
New York Times Co, Class A 2.78%
LKQ Corp 2.61%
% in Top 10 Holdings 33.29%
View Holding Details Read Important Investment Disclosures

MPT Stats

As of: 08/31/2018

View All Characteristics & Stats

Sector Allocation (Equity)

As of: 06/30/2018

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

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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