Akre Focus Retail
- AKREX
- Price as of: Jun 14, 2021
-
$59.42
N/A N/A
- Primary Theme
- U.S. Large-Cap Growth Equity
- Fund Company
- Akre
- Share Class
AKREX - Snapshot
Vitals
- YTD Return 11.8%
- 3 Yr Annualized Return 20.4%
- 5 Yr Annualized Return 20.5%
- Net Assets $16 B
- Holdings in Top 10 68.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.31%
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
Fund Classification
-
Primary Theme
U.S. Large-Cap Growth Equity
- Fund Type Open End Mutual Fund
- Investment Style Large Growth
AKREX - Profile
Distributions
- YTD Total Return 11.8%
- 3 Yr Annualized Total Return 20.4%
- 5 Yr Annualized Total Return 20.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.55%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameAkre Focus Fund
-
Fund Family NameAkre
-
Inception DateAug 31, 2009
-
Shares Outstanding98404110
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJohn Neff
Fund Description
The fund invests primarily in securities of companies listed on U.S. stock exchanges. Investments consist primarily of common stocks of companies of any size market capitalization. It may also invest in preferred stocks, warrants, options, and other equity-like instruments, such as partnership interests, limited liability company interests, business trust shares and rights, REITs, and other securities that are convertible into equity securities. The fund is non-diversified.
AKREX - Performance
Return Ranking - Trailing
| Period | AKREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.8% | -89.1% | 109.2% | 22.18% |
| 1 Yr | 22.1% | -9.0% | 133.4% | 99.38% |
| 3 Yr | 20.4%* | 4.6% | 47.4% | 56.45% |
| 5 Yr | 20.5%* | 9.8% | 39.5% | 47.74% |
| 10 Yr | 17.5%* | 9.2% | 22.9% | 13.16% |
* Annualized
Return Ranking - Calendar
| Period | AKREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 20.4% | -67.0% | 145.0% | 68.79% |
| 2019 | 31.1% | -28.8% | 76.0% | 15.89% |
| 2018 | 4.7% | -57.9% | 10.6% | 1.59% |
| 2017 | 29.7% | -68.7% | 64.3% | 7.76% |
| 2016 | 8.1% | -47.1% | 15.4% | 6.47% |
Total Return Ranking - Trailing
| Period | AKREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.8% | -89.0% | 109.2% | 22.33% |
| 1 Yr | 22.1% | -9.0% | 133.4% | 99.06% |
| 3 Yr | 20.4%* | 3.3% | 47.4% | 51.98% |
| 5 Yr | 20.5%* | 9.3% | 39.5% | 44.87% |
| 10 Yr | 17.5%* | 9.2% | 22.9% | 12.77% |
* Annualized
Total Return Ranking - Calendar
| Period | AKREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 20.4% | -67.0% | 145.0% | 68.79% |
| 2019 | 31.1% | -28.8% | 76.0% | 15.89% |
| 2018 | 4.7% | -57.9% | 16.5% | 3.44% |
| 2017 | 30.5% | -24.8% | 64.3% | 26.40% |
| 2016 | 8.3% | -43.3% | 17.1% | 12.85% |
NAV & Total Return History
AKREX - Holdings
Concentration Analysis
| AKREX | Category Low | Category High | AKREX % Rank | |
|---|---|---|---|---|
| Net Assets | 16 B | 10.3 K | 271 B | 13.09% |
| Number of Holdings | 25 | 1 | 2920 | 95.13% |
| Net Assets in Top 10 | 9.84 B | -9.14 M | 95 B | 9.44% |
| Weighting of Top 10 | 67.99% | 10.3% | 100.0% | 2.25% |
Top 10 Holdings
- Mastercard Inc A 10.98%
- American Tower Corp 9.66%
- Moody's Corporation 9.61%
- Visa Inc Class A 6.97%
- CoStar Group Inc 5.84%
- CarMax Inc 5.70%
- Constellation Software Inc 5.29%
- Roper Technologies Inc 4.82%
- SBA Communications Corp 4.58%
- O'Reilly Automotive Inc 4.54%
Asset Allocation
| Weighting | Return Low | Return High | AKREX % Rank | |
|---|---|---|---|---|
| Stocks | 94.29% | 0.00% | 137.73% | 96.20% |
| Cash | 5.18% | -37.73% | 51.67% | 3.35% |
| Preferred Stocks | 0.54% | 0.00% | 4.07% | 3.88% |
| Other | 0.00% | -2.00% | 18.05% | 66.03% |
| Convertible Bonds | 0.00% | 0.00% | 7.04% | 58.34% |
| Bonds | 0.00% | -0.70% | 99.91% | 59.68% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | AKREX % Rank | |
|---|---|---|---|---|
| Financial Services | 38.14% | 0.00% | 42.02% | 0.38% |
| Real Estate | 21.30% | 0.00% | 21.30% | 0.23% |
| Technology | 12.83% | 0.00% | 61.05% | 98.55% |
| Consumer Cyclical | 10.86% | 0.00% | 53.84% | 89.41% |
| Industrials | 8.34% | 0.00% | 46.15% | 27.59% |
| Consumer Defense | 2.98% | 0.00% | 17.52% | 55.56% |
| Healthcare | 2.89% | 0.00% | 38.99% | 98.17% |
| Communication Services | 2.66% | 0.00% | 67.80% | 97.03% |
| Utilities | 0.00% | 0.00% | 10.87% | 70.96% |
| Energy | 0.00% | 0.00% | 11.09% | 73.86% |
| Basic Materials | 0.00% | 0.00% | 27.03% | 87.96% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | AKREX % Rank | |
|---|---|---|---|---|
| US | 84.79% | 0.00% | 136.06% | 86.60% |
| Non US | 9.50% | 0.00% | 88.21% | 23.38% |
AKREX - Expenses
Operational Fees
| AKREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.31% | 0.01% | 46.74% | 27.98% |
| Management Fee | 0.90% | 0.00% | 1.50% | 92.71% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 46.14% |
| Administrative Fee | N/A | 0.01% | 1.02% | 47.79% |
Sales Fees
| AKREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| AKREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.00% | 1.00% | 5.00% | 79.03% |
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 Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 4.00% | 0.00% | 414.00% | 1.18% |
AKREX - Distributions
Dividend Yield Analysis
| AKREX | Category Low | Category High | AKREX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 5.64% | 59.49% |
Dividend Distribution Analysis
| AKREX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| AKREX | Category Low | Category High | AKREX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.55% | -56.00% | 1.83% | 77.44% |
Capital Gain Distribution Analysis
| AKREX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
AKREX - Fund Manager Analysis
Managers
John Neff
Start Date
Tenure
Tenure Rank
Aug 01, 2014
6.84
6.8%
John Neff is a Partner at Akre Capital Management. Previously, 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
Chris Cerrone
Start Date
Tenure
Tenure Rank
Jan 01, 2020
1.41
1.4%
Chris Cerrone is a Partner at Akre Capital Management. Prior to joining Akre Capital Management in 2012, Chris served as an equity research analyst for Goldman Sachs & Co. in New York from 2010 to 2012. In that position, he covered restaurant and retail companies. He began his investment management career in 2007 as a junior equity research analyst with Century Capital Management in Boston. Chris graduated summa cum laude with a B.A. in economics from Tufts University
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.02 | 53.45 | 7.57 | 1.41 |