Here's a look at the Akre Focus Fund, one of the strongest recent performers in the mid-cap growth stock mutual fund category. Just two of the hundreds of funds in its peer group have topped its 34 percent return over the past 12 months. Top contributors to the fund's recent performance have been stocks of discount retailers that are among the fund's top 10 holdings, including Ross Stores and Dollar Tree. Other contributors include payment processors MasterCard and Visa.
TICKER: AKREX
STOCK INVESTMENT CATEGORY: Mid-Cap Growth
YEAR-TO-DATE RETURN: 11.3 percent
S&P 500 TOTAL RETURN: 12.9 percent
12-MONTH RETURN: 34 percent
S&P 500: 28.1 percent
FUND ASSETS: $1.1 billion
EXPENSE RATIO: 1.45 percent
MINIMUM INITIAL INVESTMENT: $2,000
MANAGER: Chuck Akre
FUND LAUNCH DATE: August 2009
RECENT TOP 10 HOLDINGS
— MasterCard (9.7 percent of portfolio)
— Ross Stores (7.6 percent)
__ Moody's Corp. (6.2 percent)
— American Tower (5.9 percent)
— Markel Corp. (5 percent
__ Dollar Tree Stores (4.8 percent)
— Visa Inc. (4.3 percent)
__ DirecTV (4.1 percent)
__ TD Ameritrade Holding (4 percent)
__ LPL Financial Holdings (4 percent)
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Note: Data through August 8; portfolio holdings as of June 30
Sources: Morningstar, Akre Capital Management
