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AKREX Akre Focus Retail

  • Fund
  • AKREX
  • Price as of: Aug 08, 2016
  • $25.09
  • - $0.07
  • - 0.28%
  • Category
  • Mid Cap Growth Equities

AKREX - Profile

Vitals

  • YTD Return 7.5%
  • 3 Yr Annualized Return 11.4%
  • 5 Yr Annualized Return 16.6%
  • Net Assets $5.21 B
  • Holdings in Top 10 64.2%

52 WEEK LOW AND HIGH

$25.09
$22.07
$25.16

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.34%

SALES FEES

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

BROKERAGE FEES

  • Turnover 16.00%

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 Mid-Cap Growth

Distributions

  • YTD Total Return 7.5%
  • 3 Yr Annualized Total Return 11.4%
  • 5 Yr Annualized Total Return 16.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.64%
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 N/A
  • 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 7.5% -59.7% 14.3% 15.13% 1
1 Yr 4.3% -19.6% 21.1% 7.90% 1
3 Yr 11.4% * -1.9% 13.7% 7.15% 1
5 Yr 16.6% * 0.3% 17.8% 0.51% 1
10 Yr N/A * 1.0% 13.0% N/A N/A

* Annualized


Return Ranking - Calendar

Period AKREX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 3.5% -82.5% 12.2% 2.88% 1
2014 N/A -14.4% 11.1% N/A N/A
2013 N/A 22.6% 52.2% N/A N/A
2012 N/A 10.5% 21.2% N/A N/A
2011 N/A -8.7% -2.4% N/A N/A

Total Return Ranking - Trailing

Period AKREX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.5% -59.7% 14.3% 15.08% 1
1 Yr 4.3% -23.7% 18.3% 6.71% 1
3 Yr 11.4% * -3.0% 13.7% 6.50% 1
5 Yr 16.6% * -0.1% 17.8% 0.51% 1
10 Yr N/A * 1.0% 13.0% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period AKREX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 3.5% -82.5% 12.2% 2.89% 1
2014 N/A -12.6% 11.1% N/A N/A
2013 N/A 33.8% 56.3% N/A N/A
2012 N/A 21.6% 21.9% N/A N/A
2011 N/A -5.7% -0.5% N/A N/A

NAV & Total Return History

AKREX - Holdings

Filings data as of: Apr 30, 2016

Concentration Analysis

AKREX Category Low Category High AKREX % Rank Quintile
Net Assets 5.21 B 281 K 24.3 B 3.42% 1
Number of Holdings 43 3 2247 14.71% 5
Net Assets in Top 10 3.06 B 84.9 K 4.26 B 0.45% 1
Weighting of Top 10 64.2% 6.1% 114.7% 1.49% 1

Top 10 Holdings

  1. American Tower Corp 11.89%
  2. Moody's Corporation 7.02%
  3. Markel Corp 8.04%
  4. MasterCard Inc A 7.53%
  5. Dollar Tree Inc 6.02%
  6. Visa Inc Class A 5.51%
  7. Roper Technologies Inc 4.29%
  8. CarMax Inc 5.05%
  9. SBA Communications Corp 4.03%
  10. Colfax Corp 4.76%

Asset Allocation

Weighting Category Low Category High AKREX % Rank Quintile
Stocks
89.38% 15.06% 129.31% 26.75% 5
Cash
7.52% -29.52% 61.28% 4.01% 1
Preferred Stocks
1.36% 0.00% 4.08% 1.04% 1
Bonds
0.90% 0.00% 57.07% 1.19% 1
Other
0.84% -10.78% 79.22% 5.94% 1
Convertible Bonds
0.00% 0.00% 2.46% 1.34% 5

Stock Sector Breakdown

Weighting Category Low Category High AKREX % Rank Quintile
Financial Services
27.46% 0.00% 29.03% 0.45% 1
Industrials
23.51% 0.00% 37.21% 5.94% 1
Communication Services
15.92% 0.00% 15.92% 0.15% 1
Consumer Cyclical
12.31% 0.00% 46.86% 28.08% 5
Consumer Defense
6.02% -0.01% 60.63% 16.49% 3
Technology
4.16% 0.00% 50.72% 33.14% 5
Utilities
0.00% -0.01% 14.29% 8.77% 5
Energy
0.00% 0.00% 12.68% 24.96% 5
Healthcare
0.00% 0.00% 37.79% 32.84% 5
Real Estate
0.00% 0.00% 30.46% 24.96% 5
Basic Materials
0.00% -0.01% 10.74% 27.64% 5

Stock Geographic Breakdown

Weighting Category Low Category High AKREX % Rank Quintile
US
87.13% 14.94% 120.97% 27.49% 5
Non US
2.25% 0.00% 26.42% 19.61% 4

Bond Sector Breakdown

Weighting Category Low Category High AKREX % Rank Quintile
Cash & Equivalents
7.52% -2.56% 61.31% 4.12% 1
Corporate
1.38% 0.00% 27.25% 2.29% 1
Securitized
0.87% 0.00% 28.32% 0.76% 1
Derivative
0.00% -0.07% 15.01% 0.46% 5
Municipal
0.00% 0.00% 9.62% 0.46% 5
Government
0.00% 0.00% 28.27% 1.22% 5

Bond Geographic Breakdown

Weighting Category Low Category High AKREX % Rank Quintile
US
0.69% 0.00% 51.61% 0.89% 1
Non US
0.21% 0.00% 7.75% 0.74% 1

AKREX - Expenses

Operational Fees

AKREX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.34% 0.08% 111.05% 19.52% 3
Management Fee 0.90% 0.05% 1.50% 2.08% 4
12b-1 Fee 0.25% 0.00% 1.00% 2.61% 3
Administrative Fee 0.06% 0.00% 25000.00% 6.22% 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% 2.33% 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 16.00% 0.00% 611.00% 21.16% 1

AKREX - Distributions

Dividend Yield Analysis

AKREX Category Low Category High AKREX % Rank Quintile
Dividend Yield 0.1% 0.00% 5.39% 49.78% 3

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 -0.64% -2.29% 6.10% 19.67% 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

2.0

Tenure Rank

14.6%

Tom Saberhagen is Co-Portfolio Manager of the Akre Focus Fund. Prior to joining Akre Capital Management in 2009, he served as senior analyst for Aegis Financial Corporation from 2002 to 2009. Before entering the securities industry, he worked side-by-side with corporate clients as an operations management consultant with Pittiglio, Rabin, Todd & McGrath from 1999 to 2002. Tom received his M.B.A. from Stanford University in 1999, and he holds a B.A. in mathematics and philosophy from Rice University.


John H. Neff

Manager

Start Date

Aug 01, 2014

Tenure

2.0

Tenure Rank

14.6%

John Neff is Co-Portfolio Manager of the Akre Focus Fund. Prior to joining Akre Capital Management in 2009, he worked for ten years at William Blair & Company in the firm’s equity research department, the last seven years as a senior analyst. John worked at First Chicago NBD Corporation from 1996 to 1999 after beginning his career in the securities industry at Merrill Lynch in 1994. John received his M.B.A. from the University of Chicago in 1999 and holds a B.A. in English from Colgate University.


Charles T. Akre

Manager

Start Date

Aug 31, 2009

Tenure

6.92

Tenure Rank

8.5%

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

47.1

Category Average

7.27

Category Mode

1.6