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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

Akre Focus Fund

AKREX | Fund

$50.34

$14.2 B

0.00%

$0.00

1.30%

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

Akre Focus Fund

AKREX | Fund

$50.34

$14.2 B

0.00%

$0.00

1.30%

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%
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
    88868810
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John 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.
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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

  1. Mastercard Inc Class A 11.68%
  2. Moody's Corporation 10.77%
  3. American Tower Corp 9.30%
  4. Visa Inc Class A 7.10%
  5. Constellation Software Inc 6.51%
  6. KKR & Co Inc Ordinary Shares 6.22%
  7. O'Reilly Automotive Inc 5.05%
  8. Adobe Inc 4.70%
  9. SBA Communications Corp 4.58%
  10. 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

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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