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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.
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| Period | AKREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 28.5% | -47.7% | 49.8% | 45.42% |
| 1 Yr | 18.9% | -47.7% | 20.6% | 0.38% |
| 3 Yr | 20.7%* | -23.8% | 24.5% | 2.13% |
| 5 Yr | 14.7%* | -30.2% | 15.3% | 0.79% |
| 10 Yr | N/A* | -11.8% | 17.4% | N/A |
* Annualized
| Period | AKREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | 4.7% | -52.1% | 9.2% | 1.72% |
| 2017 | 29.7% | -38.9% | 36.0% | 4.78% |
| 2016 | 8.1% | -61.7% | 27.9% | 15.40% |
| 2015 | 2.5% | -82.5% | 12.2% | 3.51% |
| 2014 | 8.3% | -23.5% | 17.9% | 7.69% |
| Period | AKREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 29.7% | -47.7% | 49.8% | 39.50% |
| 1 Yr | 20.1% | -47.7% | 29.8% | 0.76% |
| 3 Yr | 21.4%* | -22.2% | 28.3% | 3.29% |
| 5 Yr | 15.6%* | -25.3% | 17.4% | 2.36% |
| 10 Yr | N/A* | -6.4% | 18.9% | N/A |
* Annualized
| Period | AKREX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | 4.7% | -51.7% | 12.2% | 2.10% |
| 2017 | 30.5% | -7.0% | 56.2% | 9.37% |
| 2016 | 8.3% | -61.7% | 27.9% | 25.15% |
| 2015 | 2.5% | -54.0% | 12.2% | 17.35% |
| 2014 | 10.5% | -23.5% | 18.1% | 17.00% |
| AKREX | Category Low | Category High | AKREX % Rank | |
|---|---|---|---|---|
| Net Assets | 11 B | 1.44 M | 33.8 B | 6.49% |
| Number of Holdings | 23 | 13 | 2232 | 98.09% |
| Net Assets in Top 10 | 7.12 B | 616 K | 7.12 B | 0.19% |
| Weighting of Top 10 | 69.08% | 6.7% | 148.7% | 3.44% |
| Weighting | Return Low | Return High | AKREX % Rank | |
|---|---|---|---|---|
| Stocks | 89.81% | 20.28% | 127.86% | 93.32% |
| Cash | 10.19% | -48.52% | 36.01% | 6.11% |
| Preferred Stocks | 0.00% | 0.00% | 3.25% | 62.60% |
| Other | 0.00% | -7.94% | 70.89% | 64.69% |
| Convertible Bonds | 0.00% | 0.00% | 8.82% | 61.83% |
| Bonds | 0.00% | -0.48% | 43.05% | 62.79% |
| Weighting | Return Low | Return High | AKREX % Rank | |
|---|---|---|---|---|
| Financial Services | 39.16% | 0.00% | 40.09% | 0.57% |
| Communication Services | 11.66% | 0.00% | 11.66% | 0.19% |
| Consumer Cyclical | 10.09% | 0.00% | 48.02% | 85.50% |
| Technology | 8.89% | 0.00% | 69.27% | 95.04% |
| Industrials | 8.20% | 0.00% | 38.67% | 87.79% |
| Real Estate | 4.87% | 0.00% | 48.22% | 28.24% |
| Consumer Defense | 4.81% | 0.00% | 17.24% | 35.88% |
| Healthcare | 2.13% | 0.00% | 62.34% | 96.37% |
| Utilities | 0.00% | 0.00% | 11.12% | 71.76% |
| Energy | 0.00% | 0.00% | 14.07% | 91.22% |
| Basic Materials | 0.00% | 0.00% | 13.78% | 92.94% |
| Weighting | Return Low | Return High | AKREX % Rank | |
|---|---|---|---|---|
| US | 85.55% | 7.34% | 123.93% | 82.63% |
| Non US | 4.26% | 0.00% | 70.47% | 35.50% |
| AKREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.32% | 0.07% | 6.14% | 41.11% |
| Management Fee | 0.90% | 0.06% | 1.50% | 82.44% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 47.95% |
| Administrative Fee | 0.06% | 0.01% | 0.72% | 24.92% |
| AKREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
| AKREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.00% | 0.05% | 2.00% | 84.06% |
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% | 1.85% | 495.00% | 1.53% |
| AKREX | Category Low | Category High | AKREX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 0.05% | 65.65% |
| AKREX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
| AKREX | Category Low | Category High | AKREX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.48% | -2.55% | 4.79% | 58.70% |
| AKREX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Manager
Start Date
Tenure
Tenure Rank
Aug 31, 2009
9.84
9.8%
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.
Manager
Start Date
Tenure
Tenure Rank
Aug 01, 2014
4.92
4.9%
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
33.38
Category Average
8.62
Category Mode
8.84
MUTUAL FUND EDUCATION
MUTUAL FUND EDUCATION
