AKREX: Akre Focus Retail

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AKREX Akre Focus Retail


Profile

AKREX - Profile

Vitals

  • YTD Return -13.0%
  • 3 Yr Annualized Return 13.8%
  • 5 Yr Annualized Return 10.7%
  • Net Assets $12.3 B
  • Holdings in Top 10 65.0%

52 WEEK LOW AND HIGH

$38.71
$33.78
$48.85

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 -15.1%
  • 3 Yr Annualized Total Return 13.1%
  • 5 Yr Annualized Total Return 10.3%
  • 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
    128905649
  • 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 -13.0% -77.6% 684.0% 28.78%
1 Yr -5.4% -80.9% 734.0% 17.70%
3 Yr 13.8%* -48.0% 19.6% 1.01%
5 Yr 10.7%* -36.7% 22.1% 1.99%
10 Yr 13.7%* -12.1% 24.2% 2.70%

* Annualized

Return Ranking - Calendar

Period AKREX Return Category Return Low Category Return High Rank in Category (%)
2019 31.1% -58.1% 80.6% 7.59%
2018 4.7% -93.5% 23.6% 1.74%
2017 29.7% -55.3% 69.8% 5.68%
2016 8.1% -56.6% 68.2% 43.02%
2015 2.5% -50.8% 127.1% 8.30%

Total Return Ranking - Trailing

Period AKREX Return Category Return Low Category Return High Rank in Category (%)
YTD -15.1% -79.1% 672.0% 30.40%
1 Yr -7.8% -82.2% 721.3% 22.24%
3 Yr 13.1%* -49.2% 109.4% 1.18%
5 Yr 10.3%* -37.6% 55.7% 2.39%
10 Yr 14.2%* -13.1% 23.7% 2.36%

* Annualized

Total Return Ranking - Calendar

Period AKREX Return Category Return Low Category Return High Rank in Category (%)
2019 31.1% -58.1% 80.6% 7.59%
2018 4.7% -47.9% 23.6% 2.84%
2017 30.5% -55.3% 69.8% 6.02%
2016 8.3% -56.6% 70.7% 54.56%
2015 2.5% -50.8% 127.1% 13.56%

NAV & Total Return History


Holdings

AKREX - Holdings

Concentration Analysis

AKREX Category Low Category High AKREX % Rank
Net Assets 12.3 B 382 K 98.7 B 8.81%
Number of Holdings 23 2 5851 87.22%
Net Assets in Top 10 7.86 B -635 M 29.5 B 7.78%
Weighting of Top 10 64.99% 0.0% 100.0% 10.09%

Top 10 Holdings

  1. American Tower Corp 11.09%
  2. Mastercard Inc A 9.91%
  3. Moody's Corporation 9.42%
  4. Visa Inc Class A 7.20%
  5. O'Reilly Automotive Inc 5.56%
  6. SBA Communications Corp 4.90%
  7. CarMax Inc 4.66%
  8. Markel Corp 4.12%
  9. Dollar Tree Inc 4.07%
  10. Constellation Software Inc 4.06%

Asset Allocation

Weighting Return Low Return High AKREX % Rank
Stocks
81.03% -174.78% 100.76% 38.86%
Cash
18.97% -5.05% 1041.68% 51.69%
Preferred Stocks
0.00% -0.68% 19.88% 93.98%
Other
0.00% -895.56% 37.72% 88.25%
Convertible Bonds
0.00% 0.00% 18.08% 91.04%
Bonds
0.00% -27.42% 55.92% 93.11%

Stock Sector Breakdown

Weighting Return Low Return High AKREX % Rank
Financial Services
45.04% 0.00% 100.00% 2.31%
Real Estate
20.99% 0.00% 97.67% 2.62%
Consumer Cyclical
12.62% 0.00% 57.06% 26.00%
Industrials
8.38% 0.00% 73.35% 69.85%
Technology
5.63% 0.00% 99.85% 82.77%
Consumer Defense
5.02% 0.00% 69.28% 59.38%
Healthcare
2.33% 0.00% 100.00% 87.08%
Utilities
0.00% 0.00% 99.02% 96.00%
Energy
0.00% 0.00% 99.88% 98.31%
Communication Services
0.00% 0.00% 99.45% 98.92%
Basic Materials
0.00% 0.00% 51.56% 99.38%

Stock Geographic Breakdown

Weighting Return Low Return High AKREX % Rank
US
74.45% -173.66% 79.99% 35.39%
Non US
6.58% -48.75% 62.12% 49.34%

Expenses

AKREX - Expenses

Operational Fees

AKREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.32% 0.04% 12.16% 63.08%
Management Fee 0.90% 0.00% 2.94% 61.64%
12b-1 Fee 0.25% 0.00% 1.00% 54.19%
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 2.50% 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% 93.16%

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% 531.00% 7.50%

Distributions

AKREX - Distributions

Dividend Yield Analysis

AKREX Category Low Category High AKREX % Rank
Dividend Yield 0.00% 0.00% 11.31% 90.34%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

AKREX Category Low Category High AKREX % Rank
Net Income Ratio -0.41% -8.87% 8.14% 80.12%

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

10.5

10.5%

Akre is the portfolio manager and the managing member of Akre Capital Management. 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 Neff


Start Date

Tenure

Tenure Rank

Aug 01, 2014

5.58

5.6%

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.

Chris Cerrone


Start Date

Tenure

Tenure Rank

Jan 01, 2020

0.16

0.2%

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
0.01 36.19 8.12 6.42