Portfolio Position Sizing:
- Core positions are those in which we have the highest conviction
- Workbench positions are newer investments that are being monitored as our theses develop
Portfolio Parameters:
- Not more than 25% of the Fund's total assets will be invested in the securities of a single issuer
- Not more than 35% of the Fund's total assets will be invested in international securities
- With respect to 50% of the Fund’s total assets, not more than 5% of the Fund’s total assets will be invested in the securities of a single issuer and the Fund will not own more than 10% of the outstanding voting securities of a single issuer
Top Ten Holdings*
Last updated: TBD
*Fund holdings are subject to change and should not be considered a recommendation to buy or sell any security.
Fund Facts
| Ticker | AKRE |
| CUSIP | 74316P579 |
| Primary Exchange | NYSE Arca |
| Inception Date | 08/31/2009 |
| Expense Ratio | 0.98% |
| Benchmark | S&P 500 TR |
| Fund Assets as of TBD | TBD |
| 30 Day Median Bid/Ask Spread as of TBD | TBD |
Performance
| Akre Focus ETF | 3 Mo. | YTD | 1 Yr. | 3 Yr. | 5 Yr. | 10 Yr. | 15 Yr. | Since Inception* |
|---|---|---|---|---|---|---|---|---|
| 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.
| Akre Focus ETF | 1 Mo. | 3 Mo. | YTD | 1 Yr. | 3 Yr. | 5 Yr. | 10 Yr. | 15 Yr. | Since Inception* |
|---|---|---|---|---|---|---|---|---|---|
| NAV | 13.37% | 14.50% | 1 | ||||||
| Market Price | 13.35% | 14.49% | |||||||
| S&P 500 TR | 14.63% | 14.55% |
Performance as of 10/31/25.
*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.
Daily NAV
| NAV | Closing Price | Premium/Discount |
|---|---|---|
| TBD | TBD | TBD |
Last updated: TBD
Days At Premium/Discount
| Days at premium |
| Days at NAV |
| Days at discount |
Last updated: TBD
Historical Premium/Discount
Last updated: TBD