Tom Saberhagen is a Partner at Akre Capital Management and has served as Portfolio Manager of the Fund since August 2014. Mr. Saberhagen joined the Advisor in 2009 as a Senior Analyst and became a Partner of the Advisor in January 2013. Prior to joining the Advisor, Mr. Saberhagen served as Senior Analyst for Aegis Financial Corporation, which he joined in 2002. He holds an M.B.A. from Stanford University and a B.A. in Mathematics and Philosophy from Rice University.