AKREX: Akre Focus Retail

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AKREX Akre Focus Retail


Profile

AKREX - Profile

Vitals

  • YTD Return 9.9%
  • 3 Yr Annualized Return 20.4%
  • 5 Yr Annualized Return 15.5%
  • Net Assets $12.7 B
  • Holdings in Top 10 66.5%

52 WEEK LOW AND HIGH

$48.88
$33.78
$48.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.32%

SALES FEES

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

BROKERAGE FEES

  • Turnover 3.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $2,000
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return 9.9%
  • 3 Yr Annualized Total Return 20.6%
  • 5 Yr Annualized Total Return 15.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.41%
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
    125407242
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Charles Akre

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 range. 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.


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Categories

Performance

AKREX - Performance

Return Ranking - Trailing

Period AKREX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.9% -59.2% 44.5% 4.88%
1 Yr 17.9% -69.1% 71.6% 4.69%
3 Yr 20.4%* -39.5% 32.3% 1.40%
5 Yr 15.5%* -40.1% 31.8% 1.65%
10 Yr 16.8%* -38.7% 32.0% 4.89%

* Annualized

Return Ranking - Calendar

Period AKREX Return Category Return Low Category Return High Rank in Category (%)
2019 31.1% -58.1% 80.6% 7.61%
2018 4.7% -52.1% 23.6% 2.09%
2017 29.7% -55.3% 69.8% 5.23%
2016 8.1% -84.5% 146.1% 40.11%
2015 2.5% -50.8% 22.5% 9.49%

Total Return Ranking - Trailing

Period AKREX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.9% -59.2% 44.5% 4.88%
1 Yr 17.9% -69.1% 71.6% 4.69%
3 Yr 20.6%* -39.5% 32.3% 2.02%
5 Yr 15.6%* -40.1% 31.8% 2.02%
10 Yr 17.6%* -38.7% 32.0% 4.28%

* Annualized

Total Return Ranking - Calendar

Period AKREX Return Category Return Low Category Return High Rank in Category (%)
2019 31.1% -58.1% 80.6% 7.61%
2018 4.7% -47.9% 23.6% 2.54%
2017 30.5% -55.3% 69.8% 6.54%
2016 8.3% -84.5% 146.1% 50.09%
2015 2.5% -50.8% 30.8% 14.04%

NAV & Total Return History


Holdings

AKREX - Holdings

Concentration Analysis

AKREX Category Low Category High AKREX % Rank
Net Assets 12.7 B 273 K 93.7 B 8.28%
Number of Holdings 25 1 5871 85.12%
Net Assets in Top 10 8.53 B -2.14 B 26.6 B 7.30%
Weighting of Top 10 66.49% 0.7% 96.3% 8.59%

Top 10 Holdings

  1. American Tower Corp 11.10%
  2. Mastercard Inc A 10.66%
  3. Moody's Corporation 10.33%
  4. Visa Inc Class A 7.55%
  5. CarMax Inc 5.02%
  6. O'Reilly Automotive Inc 4.88%
  7. SBA Communications Corp 4.79%
  8. Roper Technologies Inc 4.19%
  9. Constellation Software Inc 4.08%
  10. Markel Corp 3.89%

Asset Allocation

Weighting Return Low Return High AKREX % Rank
Stocks
83.16% -203.84% 100.22% 32.09%
Cash
16.85% -0.31% 1041.68% 58.68%
Preferred Stocks
0.00% -0.02% 19.88% 88.98%
Other
0.00% -895.56% 38.46% 86.64%
Convertible Bonds
0.00% 0.00% 18.08% 88.98%
Bonds
0.00% -696.69% 45.33% 88.43%

Stock Sector Breakdown

Weighting Return Low Return High AKREX % Rank
Financial Services
46.74% 0.00% 100.00% 1.72%
Real Estate
20.65% 0.00% 55.75% 3.44%
Consumer Cyclical
11.90% 0.00% 57.49% 28.69%
Industrials
8.69% 0.00% 71.61% 60.69%
Technology
5.89% 0.00% 99.86% 82.93%
Consumer Defense
3.64% 0.00% 68.07% 68.72%
Healthcare
2.50% 0.00% 100.00% 85.94%
Utilities
0.00% 0.00% 99.07% 94.98%
Energy
0.00% 0.00% 100.00% 97.70%
Communication Services
0.00% 0.00% 100.00% 98.42%
Basic Materials
0.00% 0.00% 51.56% 97.13%

Stock Geographic Breakdown

Weighting Return Low Return High AKREX % Rank
US
76.10% -21.87% 80.00% 22.31%
Non US
7.06% -187.06% 62.12% 44.90%

Expenses

AKREX - Expenses

Operational Fees

AKREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.32% 0.04% 27.58% 67.37%
Management Fee 0.90% 0.00% 2.94% 58.18%
12b-1 Fee 0.25% 0.00% 1.00% 54.85%
Administrative Fee N/A 0.01% 1.12% 47.79%

Sales Fees

AKREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AKREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.50% 2.00% 92.44%

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 3.00% 0.00% 485.00% 9.02%

Distributions

AKREX - Distributions

Dividend Yield Analysis

AKREX Category Low Category High AKREX % Rank
Dividend Yield 0.00% 0.00% 11.31% 87.48%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

AKREX Category Low Category High AKREX % Rank
Net Income Ratio -0.41% -4.31% 4.44% 80.65%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

AKREX - Fund Manager Analysis

Managers

Charles Akre


Start Date

Tenure

Tenure Rank

Aug 31, 2009

10.67

10.7%

Chuck founded Akre Capital Management in 1989 after 21 years in the securities business at NYSE member firm Johnston, Lemon & Co. At Johnston, Lemon & Co., he managed various parts of the business, including branch management, research, and asset management. Beginning in June of 1993, Chuck operated the firm under the umbrella of Friedman, Billings, Ramsey & Co. Taking the business private again in 2000, he moved the firm to the rural village of Middleburg, Virginia.

John Neff


Start Date

Tenure

Tenure Rank

Aug 01, 2014

5.75

5.8%

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

0.33

0.3%

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 41.35 8.36 14.34