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FYI: Akre Focus Fund (AKREX) takes buy-and-hold investing to heart, often holding the same small group of stocks for years at a time.
The $9.8 billion mutual fund, which was up more than 19% in the first quarter of this year, currently has 22 holdings that the fund managers believe compound shareholder capital at above-average rates of return. Investments are made based on four criteria, says John Neff, one of the fund’s portfolio managers. Regards, Ted https://www.wsj.com/articles/a-funds-long-time-frame-forever-11554688920
I've admired this managers skills even way back when he ran FBR Focus. When I moved my retirement money to Schwab back in 2014, I think I remember AKREX had a TF to buy, so decided not to hold it.
Long story short, I noticed no TF at schwab now so I decided to do a 1 for 1 swap. Back in Feb. I bought AKREX to take the place of GTLOX, another really good large cap growth fund. So now I hold the manager I've wanted for the last 10 years.
OJ-just a hint, it's not for the customers yachts. Good fund though. I'm thinking that shareholders are not crying on the way to the bank or anywhere else for that matter.
Chuck Akre has been in my portfolio for decades. I've always searched for a backup fund due to his age, to no avail. I've watched his former analyst over at HFCSX but haven't been impressed. My original purchase in 2009 is up 300+ and I have sold portions as Akre's portfolio exceeded 15% of my total holdings. A good portion of my AKRIX is now house money. I wish I could meet the dude..... I also owned FBRVX once upon a time.
Agreed! I'd pay up to maybe .90 for that (which I do for PRBLX) but 1.32 is too much.
Also noted this fund has only been around for 5-ish years so it's really thrived as growth funds thrived. Let's see how it handles the ext GFC before getting too excited..
We have AKREX in three different family accounts. Latest shareholder letter points out that cash is building up because of new purchases. Now that AUM are north of $10B, it's no longer under the radar. For our money, the ER charged is well worth it. Akre is so good and so steady that the only possible complaint is boredom or complacency. What's exciting about American Tower? Just kidding...I love those returns and low tax bill.
Comments
Long story short, I noticed no TF at schwab now so I decided to do a 1 for 1 swap. Back in Feb. I bought AKREX to take the place of GTLOX, another really good large cap growth fund. So now I hold the manager I've wanted for the last 10 years.
all look good
http://portfolios.morningstar.com/fund/holdings?t=AKRIX®ion=usa&culture=en-US
Also noted this fund has only been around for 5-ish years so it's really thrived as growth funds thrived. Let's see how it handles the ext GFC before getting too excited..