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AKREX Akre Focus Retail

  • Fund
  • AKREX
  • Price as of: Sep 17, 2019
  • $44.76 + $0.51 + 1.15%

AKREX - Profile

Vitals

  • YTD Return 31.9%
  • 3 Yr Annualized Return 22.2%
  • 5 Yr Annualized Return 15.0%
  • Net Assets $11.8 B
  • Holdings in Top 10 69.1%

52 WEEK LOW AND HIGH

$44.76
$31.97
$45.65

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

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 31.9%
  • 3 Yr Annualized Total Return 22.5%
  • 5 Yr Annualized Total Return 15.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.48%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Akre Focus Fund
  • Fund Family Name Akre
  • Inception Date Aug 31, 2009
  • Shares Outstanding 126416843
  • Share Class Adv
  • Currency USD
  • Domiciled Country United States
  • Manager Charles T. Akre

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 (%)
YTD 31.9% -34.6% 38.4% 1.05%
1 Yr 18.6% -63.5% 19.0% 0.24%
3 Yr 22.2%* -39.2% 22.7% 0.27%
5 Yr 15.0%* -32.5% 15.3% 0.20%
10 Yr 16.1%* -14.0% 16.4% 0.29%

* Annualized


Return Ranking - Calendar

Period AKREX Return Category Return Low Category Return High Rank in Category (%)
2018 4.7% -65.5% 9.4% 1.42%
2017 29.7% -46.3% 37.5% 5.37%
2016 8.1% -43.3% 13.0% 5.32%
2015 2.5% -38.0% 11.4% 15.83%
2014 8.3% -52.4% 105.4% 17.31%

Total Return Ranking - Trailing

Period AKREX Return Category Return Low Category Return High Rank in Category (%)
YTD 31.9% -34.6% 38.4% 1.05%
1 Yr 18.6% -63.5% 19.9% 0.57%
3 Yr 22.5%* -39.2% 27.5% 0.90%
5 Yr 15.7%* -32.5% 16.4% 0.81%
10 Yr 17.0%* -14.0% 17.3% 0.43%

* Annualized


Total Return Ranking - Calendar

Period AKREX Return Category Return Low Category Return High Rank in Category (%)
2018 4.7% -65.5% 16.5% 3.00%
2017 30.5% -28.2% 51.5% 23.97%
2016 8.3% -43.3% 15.6% 12.04%
2015 2.5% -38.0% 17.3% 45.97%
2014 10.5% -52.4% 120.7% 40.08%

NAV & Total Return History

AKREX - Holdings

Concentration Analysis

AKREX Category Low Category High AKREX % Rank
Net Assets 11.8 B 1.12 M 188 B 10.92%
Number of Holdings 23 7 2106 98.26%
Net Assets in Top 10 7.12 B 301 K 56.6 B 6.33%
Weighting of Top 10 69.08% 11.7% 100.0% 0.87%

Top 10 Holdings

  1. American Tower Corp 11.66%

  2. Mastercard Inc A 10.68%

  3. Moody's Corporation 9.85%

  4. Visa Inc Class A 7.77%

  5. O'Reilly Automotive Inc 5.67%

  6. Roper Technologies Inc 4.92%

  7. SBA Communications Corp 4.87%

  8. Dollar Tree Inc 4.81%

  9. Markel Corp 4.43%

  10. CarMax Inc 4.42%


Asset Allocation

Weighting Return Low Return High AKREX % Rank
Stocks
89.81% 85.30% 101.37% 98.81%
Cash
10.19% -2.02% 14.62% 0.79%
Preferred Stocks
0.00% 0.00% 5.08% 76.66%
Other
0.00% -0.63% 3.74% 74.60%
Convertible Bonds
0.00% 0.00% 0.10% 73.18%
Bonds
0.00% 0.00% 2.29% 74.76%

Stock Sector Breakdown

Weighting Return Low Return High AKREX % Rank
Financial Services
39.16% 0.00% 39.16% 0.16%
Communication Services
11.66% 0.00% 13.96% 0.95%
Consumer Cyclical
10.09% 0.00% 34.07% 93.91%
Technology
8.89% 6.68% 62.82% 99.37%
Industrials
8.20% 0.00% 28.35% 61.87%
Real Estate
4.87% 0.00% 7.16% 3.96%
Consumer Defense
4.81% 0.00% 18.23% 48.42%
Healthcare
2.13% 0.68% 45.99% 99.68%
Utilities
0.00% -0.01% 7.75% 80.93%
Energy
0.00% -0.01% 11.07% 89.56%
Basic Materials
0.00% 0.00% 10.95% 96.12%

Stock Geographic Breakdown

Weighting Return Low Return High AKREX % Rank
US
85.55% 79.62% 100.21% 89.64%
Non US
4.26% 0.00% 16.82% 48.89%

AKREX - Expenses

Operational Fees

AKREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.32% 0.00% 283.30% 33.12%
Management Fee 0.90% 0.00% 1.40% 92.09%
12b-1 Fee 0.25% 0.00% 1.00% 52.59%
Administrative Fee 0.06% 0.00% 1.02% 29.24%

Sales Fees

AKREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 25.00% 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% 0.50% 5.00% 80.16%

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 Return Low Category Return High Rank in Category (%)
Turnover 4.00% 0.00% 476.00% 2.32%

AKREX - Distributions

Dividend Yield Analysis

AKREX Category Low Category High AKREX % Rank
Dividend Yield 0.00% 0.00% 15.70% 82.83%

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
Net Income Ratio -0.48% -7.60% 1.83% 78.06%

Capital Gain Distribution Analysis

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

AKREX - Managers

Charles T. Akre

Manager

Start Date

Tenure

Tenure Rank

Aug 31, 2009

10.01

10.0%

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.


John H. Neff

Manager

Start Date

Tenure

Tenure Rank

Aug 01, 2014

5.08

5.1%

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.


Tenure Analysis

Category Low

0.0

Category High

51.7

Category Average

8.11

Category Mode

0.33