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AKREX Akre Focus Retail

  • Fund
  • AKREX
  • Price as of: Oct 19, 2018
  • $35.39
  • + $0.08
  • + 0.23%
  • Category
  • Mid Cap Growth Equities

AKREX - Profile

Vitals

  • YTD Return 9.2%
  • 3 Yr Annualized Return 19.5%
  • 5 Yr Annualized Return 15.0%
  • Net Assets $8.14 B
  • Holdings in Top 10 76.0%

52 WEEK LOW AND HIGH

$35.39
$31.22
$37.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.32%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 4.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$1,000

Investment Themes

CATEGORY

Mid Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 9.2%
  • 3 Yr Annualized Total Return 19.5%
  • 5 Yr Annualized Total Return 15.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.48%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Akre Focus Fund
  • Fund Family Name Akre
  • Inception Date Aug 31, 2009
  • Shares Outstanding 113602620
  • Share Class Adv
  • Currency USD
  • Domiciled Country United States
  • Manager Thomas D. Saberhagen

Fund Description

The Akre Focus Fund Retail Class (AKREX) is an actively managed fund that bets on U.S. large-cap growth stocks. AKREX’s managers use a three-tiered approach to picking stocks for the portfolio. By looking at management, cash flows and the underlying business of companies, AKREX’s management picks the best opportunities in the sector. The fund is highly concentrated in these best ideas. AKREX focuses mostly on U.S. stocks, however, it is free to own foreign equities as well.

Given its riskier nature and large bets on single stocks, AKREX is best suited as a satellite position in a portfolio. The fund is managed by Akre Capital Management.

AKREX - Performance

Return Ranking - Trailing

Period AKREX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.2% -98.2% 991.1% 13.55% 1
1 Yr 22.8% -20.6% 57.7% 29.90% 2
3 Yr 19.5% * -19.8% 28.7% 10.13% 1
5 Yr 15.0% * -16.2% 18.0% 5.21% 1
10 Yr N/A * -1.7% 19.5% N/A N/A

* Annualized


Return Ranking - Calendar

Period AKREX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 29.7% -70.5% 158.6% 4.35% 1
2016 8.1% -61.7% 27.9% 13.16% 1
2015 2.5% -82.5% 31.3% 4.23% 1
2014 8.3% -29.3% 35.0% 11.60% 1
2013 36.1% -27.0% 200.0% 9.29% 1

Total Return Ranking - Trailing

Period AKREX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.2% -100.0% 991.1% 13.64% 1
1 Yr 22.8% -35.2% 876.4% 25.53% 2
3 Yr 19.5% * -3.9% 27.8% 9.37% 1
5 Yr 15.0% * -0.2% 18.0% 4.72% 1
10 Yr N/A * 2.0% 19.5% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period AKREX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 29.7% -98.2% 158.6% 4.37% 1
2016 8.1% -61.7% 27.9% 14.79% 1
2015 2.5% -43.1% 62.9% 24.27% 2
2014 10.7% -23.5% 561.9% 36.03% 2
2013 41.1% -22.5% 382.6% 69.72% 4

NAV & Total Return History

AKREX - Holdings

Filings data as of: Jul 31, 2018

Concentration Analysis

AKREX Category Low Category High AKREX % Rank Quintile
Net Assets 8.14 B 281 K 32.6 B 2.08% 1
Number of Holdings 22 3 2272 17.98% 5
Net Assets in Top 10 5.88 B 84.9 K 5.88 B 0.15% 1
Weighting of Top 10 76.0% 6.1% 100.0% 1.49% 1

Top 10 Holdings

  1. American Tower Corp 11.77%
  2. Moody's Corporation 11.41%
  3. Markel Corp 6.44%
  4. Mastercard Inc A 11.07%
  5. Dollar Tree Inc 5.19%
  6. Visa Inc Class A 8.59%
  7. Roper Technologies Inc 5.46%
  8. SBA Communications Corp 5.04%
  9. O'Reilly Automotive Inc 6.10%
  10. CarMax Inc 4.92%

Asset Allocation

Weighting Category Low Category High AKREX % Rank Quintile
Stocks
100.00% 15.06% 120.97% 0.59% 1
Preferred Stocks
0.00% 0.00% 7.47% 3.71% 5
Other
0.00% -11.48% 99.00% 7.88% 5
Convertible Bonds
0.00% 0.00% 0.37% 0.74% 5
Cash
0.00% -59.00% 42.36% 30.16% 5
Bonds
0.00% 0.00% 40.22% 2.82% 5

Stock Sector Breakdown

Weighting Category Low Category High AKREX % Rank Quintile
Financial Services
47.49% -0.52% 47.49% 0.15% 1
Communication Services
16.81% 0.00% 16.81% 0.15% 1
Consumer Cyclical
11.01% 0.00% 52.82% 30.16% 5
Industrials
8.89% 0.00% 39.08% 31.80% 5
Technology
8.42% 0.00% 58.88% 36.40% 5
Consumer Defense
5.19% 0.00% 22.39% 12.78% 2
Healthcare
2.19% 0.00% 33.41% 35.81% 5
Utilities
0.00% 0.00% 10.92% 9.81% 5
Real Estate
0.00% 0.00% 43.85% 27.19% 5
Energy
0.00% 0.00% 20.72% 26.75% 5
Basic Materials
0.00% 0.00% 12.44% 29.27% 5

Stock Geographic Breakdown

Weighting Category Low Category High AKREX % Rank Quintile
US
94.66% 14.94% 115.87% 16.79% 3
Non US
5.34% 0.00% 41.39% 10.70% 2

AKREX - Expenses

Operational Fees

AKREX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.32% 0.07% 111.05% 20.12% 3
Management Fee 0.90% 0.06% 1.50% 2.08% 5
12b-1 Fee 0.25% 0.00% 1.00% 2.56% 3
Administrative Fee 0.06% 0.00% 25000.00% 6.70% 2

Sales Fees

AKREX Fees (% of AUM) Category Low Category High AKREX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

AKREX Fees (% of AUM) Category Low Category High AKREX Rank Quintile
Max Redemption Fee 1.00% 0.05% 2.00% 2.25% 2

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AKREX Fees (% of AUM) Category Low Category High AKREX Rank Quintile
Turnover 4.00% 0.00% 495.00% 23.99% 1

AKREX - Distributions

Dividend Yield Analysis

AKREX Category Low Category High AKREX % Rank Quintile
Dividend Yield 0.1% 0.00% 2.73% 26.55% 2

Dividend Distribution Analysis

AKREX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

AKREX Category Low Category High AKREX % Rank Quintile
Net Income Ratio -0.48% -2.25% 1.71% 17.44% 4

Capital Gain Distribution Analysis

AKREX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

AKREX - Managers

Thomas D. Saberhagen

Manager

Start Date

Aug 01, 2014

Tenure

4.17

Tenure Rank

13.8%

Thomas D. Saberhagen joined Akre Capital Management, LLC in 2009 as a Senior Analyst and became a Partner of Akre Capital Management, LLC in January 2013. Prior to joining Akre Capital Management, LLC, Mr. Saberhagen served as Senior Analyst for Aegis Financial Corporation, which he joined in 2002. He holds an M.B.A. from Stanford University and a B.A. in Mathematics and Philosophy from Rice University.


John H. Neff

Manager

Start Date

Aug 01, 2014

Tenure

4.17

Tenure Rank

13.8%

John H. Neff joined Akre Capital Management, LLC in 2009 as a Senior Analyst and became a Partner of the Advisor in January 2013. Prior to joining Akre Capital Management, LLC, Mr. Neff served as a Senior Equity Analyst for William Blair since 2002 after starting in its Equity Research department in 1999. He holds an M.B.A. from the University of Chicago and a B.A. from Colgate University.


Charles T. Akre

Lead Manager

Start Date

Aug 31, 2009

Tenure

9.09

Tenure Rank

8.2%

Akre is the portfolio manager and the managing member of Akre Capital Management. Prior to managing this Fund, he was the sole portfolio manager of the FBR Focus Fund from its inception in 1997. He established Akre Capital Management in 1989 and for a time operated it as part of Friedman, Billings, Ramsey & Co ending in 1999. He has also held positions such as director and CEO of the Asset Management Division and director of research at Johnston, Lemon & Co. Akre has been in the securities business since 1968.


Tenure Analysis

Category Low

0.0

Category High

32.6

Category Average

7.84

Category Mode

3.8