The portfolio is focused when warranted and positions are “confidence weighted”:
| Top Holdings as of 09/30/18* | % Net Assets |
|---|---|
| Mastercard, Inc. | 11.8% |
| American Tower Corp. | 11.0% |
| Moody’s Corp. | 10.6% |
| Visa, Inc. | 9.0% |
| O’Reilly Automotive, Inc. | 6.6% |
| Markel Corp. | 6.2% |
| Roper Technologies, Inc. | 5.1% |
| SBA Communications Corp. | 4.9% |
| CarMax, Inc. | 4.7% |
| Constellation Software, Inc. | 4.5% |
*Fund holdings are subject to change and should not be considered a recommendation to buy or sell any security.
The Fund discloses its top ten quarter-end portfolio holdings on its website within 30 days after the quarter-end. The quarter-end portfolio holdings for the Fund will remain posted on the Fund’s website until the following quarter-end portfolio holdings are posted.
Mutual fund 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 Fund is distributed by Quasar Distributors, LLC.