Akre Focus Retail
Fund
AKREX
Price as of:
$50.34
+ $0.45
+ 0.90%
Primary Theme
fund company
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
8.6%
1 yr return
-14.6%
3 Yr Avg Return
2.2%
5 Yr Avg Return
9.1%
Net Assets
$14.2 B
Holdings in Top 10
70.2%
52 WEEK LOW AND HIGH
$49.9
$44.34
$58.33
Expenses
OPERATING FEES
Expense Ratio 1.30%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 10.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$2,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AKREX - Profile
Distributions
- YTD Total Return 8.6%
- 3 Yr Annualized Total Return 2.2%
- 5 Yr Annualized Total Return 9.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.32%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameAkre Focus Fund
-
Fund Family NameAkre
-
Inception DateAug 31, 2009
-
Shares Outstanding88868810
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJohn Neff
Fund Description
Under normal market conditions, 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. The Fund 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, Real Estate Investment Trusts (“REITs”), and other securities that are convertible into equity securities. The Fund may invest up to 25% of its total assets in securities issued by foreign issuers, including in American Depositary Receipts (“ADRs”), European Depositary Receipts (“EDRs”), Global Depositary Receipts (“GDRs”), and directly in foreign equity securities. Additionally, the Fund may participate in securities lending arrangements of up to 33-1/3% of its total asset value with brokers, dealers, and financial institutions (but not individuals) in order to increase the return on its portfolio. The Fund may, from time to time, have significant exposure to one or more sectors of the market. As of July 31, 2022, 42.8% of the Fund’s net assets were invested in securities of issuers within the information technology sector.
Although the Fund normally holds a focused portfolio of equity securities, the Fund is not required to be fully invested in such securities and may maintain a significant portion of its total assets in cash and securities generally considered to be cash equivalents. In certain market conditions, the Advisor may determine that it is appropriate for the Fund to hold a significant cash position for an extended period of time.
Akre Capital Management, LLC (the “Advisor”) principally seeks to identify companies which may earn higher-than-average returns on shareholders’ equity; are managed, in the Advisor’s judgment, by individuals who have a history of treating public shareholders like partners; and have ample opportunity to reinvest excess profits at above-average rates. Once a potential investment is identified, the Advisor attempts to purchase shares at valuations the Advisor considers modest-to-reasonable, relative to the nature of the business, and the expected growth in economic value per share. The Fund is non-diversified under the Investment Company Act of 1940, as amended (the “1940 Act”), and may invest a larger percentage of its assets in fewer issuers than diversified mutual funds.
The Advisor may sell a security for a variety of reasons, including, without limitation, when: (1) a security subsequently fails to meet the Advisor’s initial investment criteria; (2) an issuer specific event, such as an acquisition or recapitalization, changes the fundamental operations of the company; (3) upon comparative analysis, a new security is judged to be more attractive than a current holding; (4) views change of the individual holdings as well as the general market; or (5) something changes for the worse in the business model, management or governance, or future opportunity for reinvestment.
AKREX - Performance
Return Ranking - Trailing
| Period | AKREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.6% | -44.2% | 28.0% | 76.86% |
| 1 Yr | -14.6% | -98.6% | 122.0% | 20.81% |
| 3 Yr | 2.2%* | -76.9% | 26.3% | 27.21% |
| 5 Yr | 9.1%* | -60.2% | 24.2% | 11.88% |
| 10 Yr | 12.0%* | -35.0% | 19.2% | 7.68% |
* Annualized
Return Ranking - Calendar
| Period | AKREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -27.7% | -98.8% | 81.6% | 25.02% |
| 2021 | 9.4% | -39.5% | 48.7% | 18.33% |
| 2020 | 6.4% | -13.0% | 34.8% | 69.66% |
| 2019 | 7.0% | -27.1% | 10.6% | 15.19% |
| 2018 | 0.9% | -15.9% | 33.2% | 6.42% |
Total Return Ranking - Trailing
| Period | AKREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.6% | -44.2% | 28.0% | 76.86% |
| 1 Yr | -14.6% | -98.6% | 122.0% | 21.73% |
| 3 Yr | 2.2%* | -76.9% | 32.9% | 28.01% |
| 5 Yr | 9.1%* | -60.2% | 24.2% | 14.23% |
| 10 Yr | 12.6%* | -35.0% | 19.2% | 9.05% |
* Annualized
Total Return Ranking - Calendar
| Period | AKREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -27.7% | -98.8% | 81.6% | 25.10% |
| 2021 | 9.4% | -39.5% | 48.7% | 18.25% |
| 2020 | 6.4% | -13.0% | 34.8% | 69.66% |
| 2019 | 7.0% | -16.8% | 10.6% | 15.19% |
| 2018 | 0.9% | -15.9% | 35.6% | 8.28% |
NAV & Total Return History
AKREX - Holdings
Concentration Analysis
| AKREX | Category Low | Category High | AKREX % Rank | |
|---|---|---|---|---|
| Net Assets | 14.2 B | 189 K | 222 B | 11.91% |
| Number of Holdings | 22 | 1 | 3509 | 97.41% |
| Net Assets in Top 10 | 11.7 B | -1.37 M | 104 B | 7.17% |
| Weighting of Top 10 | 70.15% | 9.4% | 100.0% | 1.84% |
Top 10 Holdings
- Mastercard Inc Class A 11.68%
- Moody's Corporation 10.77%
- American Tower Corp 9.30%
- Visa Inc Class A 7.10%
- Constellation Software Inc 6.51%
- KKR & Co Inc Ordinary Shares 6.22%
- O'Reilly Automotive Inc 5.05%
- Adobe Inc 4.70%
- SBA Communications Corp 4.58%
- Salesforce.com Inc 4.55%
Asset Allocation
| Weighting | Return Low | Return High | AKREX % Rank | |
|---|---|---|---|---|
| Stocks | 95.23% | 0.00% | 107.71% | 88.63% |
| Cash | 4.18% | -10.83% | 100.00% | 12.05% |
| Preferred Stocks | 0.59% | 0.00% | 4.41% | 1.98% |
| Other | 0.00% | -2.66% | 17.15% | 61.02% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 56.14% |
| Bonds | 0.00% | -1.84% | 98.58% | 55.84% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | AKREX % Rank | |
|---|---|---|---|---|
| Financial Services | 42.11% | 0.00% | 43.06% | 0.23% |
| Technology | 21.44% | 0.00% | 69.82% | 91.98% |
| Real Estate | 16.05% | 0.00% | 29.57% | 0.23% |
| Consumer Cyclical | 10.02% | 0.00% | 62.57% | 85.33% |
| Industrials | 7.39% | 0.00% | 30.65% | 34.99% |
| Healthcare | 2.99% | 0.00% | 39.76% | 97.48% |
| Utilities | 0.00% | 0.00% | 16.07% | 69.67% |
| Energy | 0.00% | 0.00% | 41.09% | 79.53% |
| Communication Services | 0.00% | 0.00% | 66.40% | 98.85% |
| Consumer Defense | 0.00% | 0.00% | 25.50% | 94.19% |
| Basic Materials | 0.00% | 0.00% | 22.00% | 88.16% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | AKREX % Rank | |
|---|---|---|---|---|
| US | 81.09% | 0.00% | 105.43% | 94.58% |
| Non US | 14.14% | 0.00% | 54.22% | 6.10% |
AKREX - Expenses
Operational Fees
| AKREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.30% | 0.01% | 7.09% | 19.51% |
| Management Fee | 0.90% | 0.00% | 1.50% | 92.93% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 46.07% |
| Administrative Fee | N/A | 0.00% | 1.02% | 47.79% |
Sales Fees
| AKREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 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% | 73.58% |
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 | 10.00% | 0.00% | 316.74% | 9.46% |
AKREX - Distributions
Dividend Yield Analysis
| AKREX | Category Low | Category High | AKREX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 7.02% | 61.92% |
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 | -0.32% | -6.13% | 2.90% | 51.36% |
Capital Gain Distribution Analysis
| AKREX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2012 | $0.051 | OrdinaryDividend |
| Dec 15, 2011 | $0.014 | OrdinaryDividend |
AKREX - Fund Manager Analysis
Managers
John Neff
Start Date
Tenure
Tenure Rank
Aug 01, 2014
7.84
7.8%
Mr. Neff joined Akre Capital in 2009 as a Senior Analyst and became a Partner of Akre Capital in January 2013. Previously, Mr. Neff served as a Senior Equity Analyst for William Blair since 2002 after starting in its Equity Research department in 1999. 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. from Colgate University.
Chris Cerrone
Start Date
Tenure
Tenure Rank
Jan 01, 2020
2.41
2.4%
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 |
|---|---|---|---|
| 0.04 | 54.45 | 8.08 | 2.92 |