Akre Focus Fund Replaces FBR Focus Fund in Kiplinger 25
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MIDDLEBURG, Va., Oct. 23 /PRNewswire/ -- Akre Capital Management is pleased to announce that the Akre Focus Fund has been added to the venerable Kiplinger 25, the list of highly regarded mutual funds identified by Kiplinger as being standouts among the vast array of mutual funds available to investors.
With Chuck Akre having left the helm of the FBR Focus Fund in August of this year, many investors have wondered about the fate of that fund. Similar to the conclusion reached by Adam Bold on his Mutual Fund Store radio broadcast recently, the Kiplinger research team sees the key role played by Chuck's instincts, traits and skills that have been honed by years of experience.
Chuck Akre is clearly honored by Kiplinger's recognition, saying, "I'm pleased that an investor publication of Kiplinger's stature would choose us for their top 25." Akre Capital Management President, Drew Schaefer, noting the rapid growth of the Akre Focus Fund, adds, "We're thrilled that so many informed investors have followed Chuck to his new fund, recognizing there's no substitute for experience."
The Akre Focus Fund is open to retail (AKREX) and institutional (AKRIX) investors, and is available on many brokerage platforms, including Fidelity, Schwab, TD Ameritrade, and Pershing.
About Kiplinger's top 25 funds
Kiplinger's selects its top 25 fund choices based on a managers consistent results, well thought out investment process, low expense ratios and no sales charges, funds that are not exceeding reasonable capacity limits for their assets class, and pure stock or bond funds, rather than balanced or asset allocation funds.
About the Akre Capital Management, LLC
Akre Capital Management is registered as an investment adviser under the Investment Advisers Act of 1940. Charles Akre established Akre Capital Management in 1989 and for a time operated it as part of Friedman, Billings, Ramsey Investment Management, Inc. (FBR), ending in 1999. In 2000, Akre Capital Management registered as an investment adviser independently of FBR.
Akre Capital Management offers separately managed accounts, limited partnerships and a mutual fund. Additional information about the fund is available at www.akrefund.com.
Past performance is not a guarantee of future results.
Mutual fund investing involves risk, including the potential loss of principal. 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.
The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 877-862-9556, or visiting http://www.akrefund.com. Read the prospectus carefully before investing.
References to other mutual funds should not be interpreted as an offer of these securities.
Akre Focus Fund is distributed by Quasar Distributors, LLC.
SOURCE Akre Capital Management, LLC
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