ASTON/Fairpointe Mid Cap Fund
| N | I | |
|---|---|---|
| CUSIP | 00078H315 | 00078H158 |
| Ticker | CHTTX | ABMIX |
| Share Class Inception | 9/19/1994 | 7/6/2004 |
| Gross Exp Ratio (%) | 1.14 | 0.89 |
| Net Exp Ratio (%) | 1.14 | 0.89 |
| NAV | 29.25 | 29.66 |
| NAV Change |  1.55 | 1.53 |
| Dividend Frequency | Annual |
| Benchmark | S&P MidCap 400 Index |
| Morningstar Category | Mid-Cap Blend |
Overall Morningstar Rating™
Among 384 Mid-Cap Blend funds derived from a weighted average of the Fund’s 3-, 5- and 10-year risk-adjusted returns as of 4/30/12.
Fund Resources
Portfolio Managers
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
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
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
All investments contain risks and investors should consider the risks associated with investing in the Fund. Investments made in small and mid-size capitalization companies are subject to a higher degree of market risk because they tend to be more volatile and less liquid when compared to larger more established companies.
Mid-cap stocks are generally riskier than large-cap stocks due to greater volatility and less liquidity.
| Fund Stats (as of 3/31/12) | N Shares | I Shares |
|---|---|---|
| Origin Of Information | Baseline | Baseline |
| Sales Load | None | None |
| Total Net Assets (5/18/12) | $1,438,525,279.51 | $1,270,494,947.65 |
| Turnover | 20% | 20% |
| Minimum Investment | 2,500 | 1,000,000 |
| Alpha (3 yr.) | -0.36 | -0.12 |
| Beta (3 yr.) | 1.12 | 1.12 |
| R-Squared (3 yr.) | 0.94 | 0.94 |
| Standard Dev (3 yr.) | 23.39 | 23.38 |
| Sharpe Ratio (3 yr.) | 0.38 | 0.38 |
| Current Wtd Average P/E (trailing) | 13.20 | 13.20 |
| Current Wtd Average P/B (trailing) | 2.00 | 2.00 |
| Median Mkt Cap ($Mil) | 5,111 | 5,111 |
| Average Wtd Coupon | N/A | N/A |
| Effective Maturity | N/A | N/A |
| Sector Breakdown (as of 3/30/2012) | |
|---|---|
| Information Technology | 26.10% |
| Consumer Discretionary | 23.03% |
| Health Care | 15.67% |
| Industrials | 10.88% |
| Financials | 6.62% |
| Energy | 4.81% |
| Cash Equivalents & Other | 4.42% |
| Materials | 4.30% |
| Consumer Staples | 4.17% |
| Top Ten Holdings (as of 3/30/2012) | |||||
|---|---|---|---|---|---|
| Company | Ticker | CUSIP | Number of Shares | Market Value | % of Net Assets |
| H&R BLOCK INC | HRB | 093671105 | 7,620,664 | $125,512,336.08 | 3.98% |
| BOSTON SCIENTIFIC CORP | BSX | 101137107 | 20,579,936 | $123,068,017.28 | 3.91% |
| AKAMAI TECHNOLOGIES INC | AKAM | 00971T101 | 3,179,164 | $116,675,318.80 | 3.70% |
| GANNETT CO | GCI | 364730101 | 6,715,800 | $102,953,214.00 | 3.27% |
| ITRON INC | ITRI | 465741106 | 2,208,698 | $100,296,976.18 | 3.18% |
| INTERPUBLIC GROUP OF COS INC | IPG | 460690100 | 8,212,368 | $93,703,118.88 | 2.97% |
| FOREST LABORATORIES INC | FRX | 345838106 | 2,573,868 | $89,287,480.92 | 2.83% |
| NEW YORK TIMES CO-A | NYT | 650111107 | 13,103,754 | $88,974,489.66 | 2.82% |
| MCGRAW-HILL COMPANIES INC | MHP | 580645109 | 1,741,555 | $84,413,170.85 | 2.68% |
| HOSPIRA INC | HSP | 441060100 | 2,206,081 | $82,485,368.59 | 2.62% |
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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