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The Akre Focus Fund (AKRIX) officially converted to the Akre Focus ETF (ticker: AKRE) on October 27, 2025. This conversion from a mutual fund to an ETF is expected to make the investment more tax-efficient and cost-effective for shareholders
Well, the market seems to be giving the middle finger to the newly-morphed AKRE ETF. Hopefully, it's a temporary coincidence, but it's a losing bet so far as AKRE's top 5 holdings (CSU.TO, MA, BN.TO, KKR, & V), which represent almost 50% of its asset value, are having a rough go in this AI-infused market. What the heck is going on with Constellation Software??? AKRE management seems to be chasing their losses as they have invested almost 12% of their $$ into it (and are defending their decision with a letter to investors).
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