AKREX Fees and Costs — Akre Focus Fund, Retail Class
Data updated: 2025-09-26
The net expense ratio is 1.33%: a 0.90% management fee, a 0.25% 12b-1 fee plus 0.18% other expenses. This share class carries a redemption fee of 1.00%. In fiscal 2024 the fund paid $538K in broker commissions, 0.0043% of average net assets, and portfolio turnover was 5%.
AKREX Fees and Expenses
Annual operating expenses and sales charges of AKREX. Prospectus, as of September 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.18% |
| Gross expense ratio | 1.33% |
| Fee waiver | — |
| Net expense ratio | 1.33% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
AKREX Costs Over Time
On $10,000 invested in AKREX, assuming 5% a year before costs, total costs come to $829 over 5 years, cutting the return by 1.40% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.33%) | $140 | $434 | $750 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $140 | $457 | $829 |
| Value after costs | $10,360 | $11,119 | $11,934 |
| Impact on return, per year | 1.40% | 1.40% | 1.40% |
AKREX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0043%
- Total broker commissions: $538K
- Bought from dealers (principal trades, not a cost): $872.4M
- Portfolio turnover (prospectus): 5%
- Securities on loan, average value: $10.5M
- Net income from securities lending: $12K (0.000% of average net assets)
AKREX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| William Blair & Company L.L.C. | $154K | 28.60% |
| RAYMOND JAMES & ASSOCIATES, INC. | $121K | 22.44% |
| GOLDMAN SACHS & CO. LLC | $116K | 21.52% |
| RBC CAPITAL MARKETS, LLC | $107K | 19.87% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $35K | 6.44% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $6K | 1.12% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $121 | 0.02% |
AKREX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $872.4M | 100.00% |
Akre Focus Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AKRSX | Supra Institutional Class | 0.98% | — |
| AKRIX | Institutional Class | 1.06% | — |
| AKREX | Retail Class | 1.33% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.