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ASTON/Fairpointe Mid Cap Fund

 NI
CUSIP 00078H31500078H158
Ticker CHTTXABMIX
Share Class Inception 9/19/19947/6/2004
Gross Exp Ratio (%) 1.120.87
Net Exp Ratio (%) 1.110.86
NAV47.9748.86
NAV Change (%) 1.12 1.12
Dividend Frequency Annual
Benchmark S&P MidCap 400 Index
Morningstar Category Mid-Cap Blend

Overall Morningstar Rating

ASTON/Fairpointe Mid Cap  Shares received a Morningstar rating.

Among 306 Mid-Cap Blend funds derived from a weighted average of the Fund’s 3-, 5- and 10-year risk-adjusted returns as of 11/30/14.

Portfolio Managers

Thyra E.  Zerhusen
Thyra E. Zerhusen

Thyra E. Zerhusen

Thyra E.  Zerhusen

Ms. Zerhusen, Lead Manager since May 1999, is principal owner of Fairpointe Capital. Ms. Zerhusen previously served as the Chief Investment Officer and co-portfolio manager of the investment team at Optimum since October 2003. From April 1999 to September 2003, Ms. Zerhusen was employed at Talon Asset Management. She received her Diploma Ingenieur from the Swiss Federal Institute of Technology, and an MA in Economics from the University of Illinois. Ms. Zerhusen is a member of the Financial Analysts Federation, and is fluent in English, French, and German.

Marie L.  Lorden
Marie L. Lorden

Marie L. Lorden

Marie L.  Lorden

Ms. Lorden, co-Manager of the Fund since March 2009, joined Fairpointe Capital on April 30, 2011. Prior experience includes Optimum Investment Advisors from September 2003 to April 2011, Zurich Insurance Group, Driehaus Capital Management, and The Burridge Group. Ms. Lorden received her BS from Elmhurst College and her MBA from Keller Graduate School of Management.

Mary L. Pierson
Mary L. Pierson

Mary L. Pierson

Mary L. Pierson

Ms. Pierson, co-Manager of the Fund since March 2009, joined Fairpointe Capital on April 30, 2011. Prior experience includes Optimum Investment Advisors from May 2004 to April 2011, as well as 15 years with Harris Bankcorp and Harris Futures Corp. Ms. Pierson received her BA in Economics from DePauw University, her MA in Economics from Northwestern University, and her MBA in Finance from the University of Chicago.

Investment Strategy

The ASTON/Fairpointe Mid Cap Fund invests in mid-sized companies with strong franchises that management views as priced inefficiently relative to their earnings growth potential.

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Objective

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

Risk Considerations

Small- and mid-cap stocks are considered riskier than large-cap stocks due to greater potential volatility and less liquidity.

 

Top 25 Holdings


Fund Stats (as of 9/30/14) N SharesI Shares
Origin Of Information BaselineBaseline
Sales Load NoneNone
Total Net Assets (12/19/14)$2,475,316,339.65$3,456,080,295.10
Turnover 40%40%
Minimum Investment 2,5001,000,000
Alpha (3 yr.) 1.581.84
Beta (3 yr.) 1.141.14
R-Squared (3 yr.) 88.4588.47
Standard Dev (3 yr.) 16.1916.18
Sharpe Ratio (3 yr.) 1.591.6
Current Wtd Average P/E (trailing) 17.517.5
Current Wtd Average P/B (trailing) 1.81.8
Median Mkt Cap ($Mil) 6,4566,456
Average Wtd Coupon N/AN/A
Effective Maturity N/AN/A
Sector Breakdown (as of 9/30/2014)
Information Technology
28.71%
Consumer Discretionary
23.00%
Industrials
14.62%
Health Care
8.30%
Financials
6.52%
Materials
5.95%
Energy
5.89%
Cash Equivalents & Other
3.96%
Consumer Staples
3.05%
Top 10 Holdings (as of 9/30/2014)
CompanyTickerCUSIPNumber of SharesMarket Value% of Net Assets
STAPLES INC SPLS 855030102 17,909,300 $216,702,530.00 3.70%
OWENS CORNING OC 690742101 6,058,600 $192,360,550.00 3.28%
MATTEL INC MAT 577081102 6,093,000 $186,750,450.00 3.19%
JUNIPER NETWORKS INC JNPR 48203R104 7,995,100 $177,091,465.00 3.02%
CITRIX SYSTEMS INC CTXS 177376100 2,426,200 $173,085,108.00 2.95%
AGCO CORP AGCO 001084102 3,780,300 $171,852,438.00 2.93%
NUANCE COMMUNICATIONS INC NUAN 67020Y100 10,886,200 $167,810,773.00 2.86%
TERADATA CORP TDC 88076W103 3,780,700 $158,486,944.00 2.70%
CREE INC CREE 225447101 3,794,992 $155,404,922.40 2.65%
FMC TECHNOLOGIES INC FTI 30249U101 2,811,992 $152,719,285.52 2.61%
Past performance does not guarantee future results. Investment return and principal value of mutual funds will vary with market conditions, so that shares, when redeemed, may be worth more or less than their original cost.

As the fund is actively managed, the securities as presented may not represent the current or future composition of the portfolio.

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