Akre Capital’s Three-Legged Stool Investment Approach
Business
Sustainable competitive advantages and the ability to compound free cash flow per share at high rates
Management
Integrity-driven, shareholder-aligned leadership focused on long-term value creation
Reinvestment
Extensive opportunities to reinvest free cash flow supporting long-term above-average returns
Akre Focus ETF
The Akre Focus ETF (AKRE) pursues long-term compounding of shareholder capital at above-average rates. AKRE invests in a select number of extraordinary businesses that meet specific standards related to the business itself, the people who manage it, and the discipline they demonstrate when it comes to reinvesting free cash flow. When we identify a business meeting these criteria, we refer to it as a “compounding machine.” We aim to purchase shares of these businesses at a modest valuation.
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Investing involves risk. Principal loss is possible. The Fund is non-diversified, meaning it may focus its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. The Fund invests in small- and medium-capitalization companies, which involve additional risks such as limited liquidity and greater volatility than larger capitalization companies. Download the prospectus.
The Akre Focus ETF is distributed by Quasar Distributors, LLC.
AKRE FOCUS ETF AVERAGE ANNUAL TOTAL RETURNS
| Akre Focus ETF | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | 15 YR | SINCE INCEPT.* |
|---|---|---|---|---|---|---|---|---|
| NAV | -3.65% | 4.14% | 3.71% | 20.13% | 10.04% | 14.68% | 15.32% | 14.91% |
| Market Price | – | – | – | – | – | – | – | – |
| S&P 500 TR | 8.12% | 14.83% | 17.60% | 24.94% | 16.47% | 15.30% | 14.64% | 14.54% |
Performance as of 09/30/25. The Akre Focus ETF’s gross expense ratio is 0.98%.
*Inception Date is 08/31/09.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted.
The Akre Focus ETF is the successor to the Akre Focus Fund (the “Predecessor Fund”), which operated as a mutual fund. The Predecessor Fund commenced operations on August 31, 2009. The Akre Focus ETF is the successor to the accounting and performance history of the Institutional Share Class of the Predecessor Fund. Any historical information provided for the Akre Focus ETF that relates to the periods prior to October 24, 2025, is that of the Predecessor Fund. The Akre Focus ETF began trading on NYSE Arca October 27, 2025.
The S&P 500 Index is an index of 500 large capitalization companies selected by Standard & Poor’s Financial Services LLC. One cannot invest directly in an index. Free cash flow (FCF) represents the cash that a company is able to generate after laying out the money required to maintain or expand its asset base.
| Akre Focus ETF | 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | 15 YR | SINCE INCEPT.* |
|---|---|---|---|---|---|---|---|---|---|
| NAV | -5.34% | -3.65% | 4.14% | 3.71% | 20.13% | 10.04% | 14.68% | 15.32% | 14.91% |
| Market Price | – | – | – | – | – | – | – | – | – |
| S&P 500 TR | 3.65% | 8.12% | 14.83% | 17.60% | 24.94% | 16.47% | 15.30% | 14.64% | 14.54% |
Performance as of 09/30/25.
*Inception Date is 08/31/09.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted.
The Akre Focus ETF is the successor to the Akre Focus Fund (the “Predecessor Fund”), which operated as a mutual fund. The Predecessor Fund commenced operations on August 31, 2009. The Akre Focus ETF is the successor to the accounting and performance history of the Institutional Share Class of the Predecessor Fund. Any historical information provided for the Akre Focus ETF that relates to the periods prior to October 24, 2025, is that of the Predecessor Fund. The Akre Focus ETF began trading on NYSE Arca October 27, 2025.
The S&P 500 Index is an index of 500 large capitalization companies selected by Standard & Poor’s Financial Services LLC. One cannot invest directly in an index. Free cash flow (FCF) represents the cash that a company is able to generate after laying out the money required to maintain or expand its asset base.
Investing involves risk. Principal loss is possible. The Fund is non-diversified, meaning it may focus its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. In addition to large capitalization companies, the Fund invests in small- and medium- capitalization companies, which involve additional risks such as limited liquidity and greater volatility than larger capitalization companies. Download the prospectus.
This fund is an actively-managed ETF that does not seek to replicate the performance of a specified index. To determine whether to buy or sell a security, the portfolio manager considers, among other things, various fund requirements and standards, along with economic conditions, alternative investments, interest rates and various credit metrics. If the portfolio manager considerations are inaccurate or misapplied, the fund’s performance may suffer.
Exchange-Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.
The Akre Focus ETF is distributed by Quasar Distributors, LLC.