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ASTON/Fairpointe Mid Cap Fund

CUSIP 00078H31500078H158
Share Class Inception 9/19/19947/6/2004
Gross Exp Ratio (%) 1.110.86
Net Exp Ratio (%) 1.100.85
NAV Change (%) 0.18 0.18
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 354 Mid-Cap Blend funds derived from a weighted average of the Fund’s 3-, 5- and 10-year risk-adjusted returns as of 9/30/15.

Portfolio Managers

Thyra E.  Zerhusen
Thyra E. Zerhusen

Thyra E. Zerhusen

Thyra E.  Zerhusen

Ms. Zerhusen is the founder, Chief Executive Officer, and Chief Investment Officer of Fairpointe Capital, and has served as Lead Portfolio Manager of the ASTON/Fairpointe Mid Cap Fund since April 1999. Prior to founding Fairpointe Capital, Ms. Zerhusen was the Chief Investment Officer for Mid-Cap Equities at Optimum Investment Advisors. From April 1999 to September 2003, she was on the investment team of Talon Asset Management. Ms. Zerhusen received her Diploma Ingenieur from the Swiss Federal Institute of Technology and an MA in Economics from the University of Illinois. She 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 is a co-founder of Fairpointe Capital, and has served as Co-Portfolio Manager of the Fund since March 2009. 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 the Keller Graduate School of Management.

Mary L. Pierson
Mary L. Pierson

Mary L. Pierson

Mary L. Pierson

Ms. Pierson is a co-founder and Co-Chief Executive Officer of Fairpointe Capital, and has served as Co-Portfolio Manager of the Fund since March 2009. 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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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 9/30/15) N SharesI Shares
Origin Of Information BaselineBaseline
Sales Load NoneNone
Total Net Assets (11/27/15)$1,825,027,023.23$2,780,651,358.92
Turnover 50%50%
Minimum Investment 2,5001,000,000
Alpha (3 yr.) -2.41-2.14
Beta (3 yr.) 1.101.10
R-Squared (3 yr.) 82.5282.51
Standard Dev (3 yr.) 13.6413.65
Sharpe Ratio (3 yr.) 0.870.89
Current Wtd Average P/E (trailing) 11.5011.50
Current Wtd Average P/B (trailing) 1.401.40
Median Mkt Cap ($Mil) 4,4344,434
Average Wtd Coupon N/AN/A
Effective Maturity N/AN/A
Sector Breakdown (as of 9/30/2015)
Information Technology
Consumer Discretionary
Health Care
Consumer Staples
Cash Equivalents & Other
Top 10 Holdings (as of 9/30/2015)
CompanyTickerCUSIPNumber of SharesMarket Value% of Net Assets
MATTEL INC MAT 577081102 8,155,900 $171,763,254.00 3.88%
JUNIPER NETWORKS INC JNPR 48203R104 6,300,000 $161,973,000.00 3.66%
CREE INC CREE 225447101 6,304,692 $152,762,687.16 3.45%
TERADATA CORP TDC 88076W103 5,211,600 $150,927,936.00 3.41%
FMC TECHNOLOGIES INC FTI 30249U101 4,584,092 $142,106,852.00 3.21%
CON-WAY INC CNW 205944101 2,904,200 $137,804,290.00 3.11%
ALCOA INC AA 013817101 14,203,800 $137,208,708.00 3.10%
OWENS CORNING OC 690742101 3,154,000 $132,184,140.00 2.99%
NUANCE COMMUNICATIONS INC NUAN 67020Y100 7,878,600 $128,972,682.00 2.91%
AGCO CORP AGCO 001084102 2,755,800 $128,502,954.00 2.90%
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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