| Performance | Average Annual Returns % as of 09/30/24 | ||||||
|---|---|---|---|---|---|---|---|
| FUND/INDEX | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | SINCE INCEPT.* |
| Akre Focus Fund Retail (AKREX) | 11.82% | 18.55% | 38.25% | 7.83% | 12.64% | 14.47% | 15.39% |
| Akre Focus Fund Institutional (AKRIX) | 11.89% | 18.76% | 38.60% | 8.12% | 12.93% | 14.77% | 15.70% |
| S&P 500 TR | 5.89% | 22.08% | 36.35% | 11.91% | 15.98% | 13.38% | 14.34% |
*Inception Date is 08/31/09.
Performance data quoted represents past performance and 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. Fund performance current to the most recent month–end may be lower or higher than the performance quoted and can be obtained by calling 1-877-862-9556. All returns under 1 year are not average annual returns. The Fund imposes a 1.00% redemption fee on shares held less than 30 days. Performance data does not reflect the redemption fee, and if reflected, total returns would be reduced. Per the Prospectus, the Fund’s annual operating expense (gross) for the 1Retail Class shares is 1.33%; minimum investment $2,000/$1,000/$250 for non-qualified/qualified/subsequent investments. The Fund’s annual operating expense (gross) for the 2Institutional Class shares is 1.06%; minimum investment $250,000/$25,000 for all accounts initial/subsequent.
The S&P 500 TR index is an Index of 500 large capitalization companies selected by Standard & Poor’s Corporation. One cannot invest directly in an Index.
Opinions expressed are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice. Nothing contained on this communication constitutes tax, legal, or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation.
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.
Fund holdings and allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.
NAV: Net asset value
AUM: Assets under management
R&D: Research and development
EPS: Earnings per share, which measures a company’s profitability, calculated as the net income attributable to common shareholders (after deducting dividends on preferred stock) divided by the weighted average number of outstanding common shares during a specific period.
AFFO: Funds from operations (FFO) is a metric used in real estate and is calculated by adding depreciation, amortization, and losses (subtracts gains) on sales of properties back to net income. It measures operating performance. Additional funds from operations (AFFO) subtracts recurring capital expenditures and other adjustments to provide a more precise measure of the cash flow generated by a real estate investment
RFP: Request for proposal, a document issued by an organization to solicit bids from potential vendors or service providers.
EBITDA: Earnings before interest, tax, depreciation, and amortization.
Leverage Ratio: Total debt, inclusive of capitalized rental expense, divided by EBITDAR (earnings before interest, tax, depreciation, amortization, and rental expense). Rental expense is capitalized by multiplying annual rental expense by six.
Basis Points: A unit of measure equal to 0.01%.
Margin of Safety: difference between the intrinsic value of an investment and its current market price.
12 Times Free Cash Flow: Free cash flow is the cash a company can generate after deducting capital expenditures needed to maintain or expand its asset base, representing the cash available to shareholders, creditors, and for other investments. “12 times” indicates that the market price of an investment is equal to the free cash flow of the investment multiplied by 12.
Link to Top Ten Holdings: https://www.akrefund.com/about-the-akre-focus-fund/portfolio-construction/
Link to Prospectus: https://www.akrefund.com/documents-and-forms/
Quasar Distributors, LLC