New Managers Who Are Enthusiastic Buyers of Their Own Funds – Morningstar

New Managers Who Are Enthusiastic Buyers of Their Own Funds – Morningstar
June 6, 2013 Akre Focus Fund

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The S&P 500 Index is a capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The Russell 1000 Index is an index of approximately 1,000 of the largest companies in the U.S. equity markets and is a subset of the Russell 3000 Index. The Russell 1000 is a market capitalization-weighted index, meaning that the largest companies constitute the largest percentages in the index and will affect performance more than the smallest index members. You cannot invest directly in an index.

You may find the fund’s current gross expense ratio for Retail and Institutional shares per the current prospectus by clicking here.

References to other mutual funds should not to be interpreted as an offer of these securities.

Opinions expressed in the article are those of the author. These opinions are subject to change at any time, are not guaranteed, and should not be considered investment advice.

Before you invest in the Akre Focus Fund, please refer to the Statutory Prospectus and Summary Prospectus for important information about the investment company, including investment objectives, risks, charges, and expenses. You may also obtain a hard copy of the prospectus by calling 1-877-862-9556. The prospectus should be read and considered carefully before you invest or send money.

The Akre Focus Fund is distributed by Quasar Distributors, LLC.

Mutual fund investing involves risk. Principal loss is possible. The Fund is non-diversified, meaning it may concentrate 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. Click here.