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Akre Focus performed well while Chuck Akre managed the fund. It delivered strong returns with relatively low volatility. After Chuck Akre retired in 2020, all experienced investment personnel left except for John Neff. Neff was backed by two somewhat new analysts. Akre Focus isn't the same fund now...
Did Chuck really hold tech stocks though? It is a quality value fund so even in Chuck’s prime in this market I don’t think it would have done much better.
AKRIX was a suggestion from an advisor several years back and I've been generally happy with its moderate, consistent performance. The CGs have been consistent as well for the past 5 years.
Question for anyone who has experienced an MF to ETF conversion: Are the divs distributed over the year anything compared to the prior EOY CGs?
I guess we'll see. The board seems overwhelmingly supportive of the ETF conversion.
As a final gift to shareholders before it morphs into an ETF, AKRIX distributed a CG of $3.02/sh this week. I presume only divs (quarterly?) moving forward and no more xaction fees.
Comments
It delivered strong returns with relatively low volatility.
After Chuck Akre retired in 2020, all experienced investment personnel left except for John Neff.
Neff was backed by two somewhat new analysts.
Akre Focus isn't the same fund now...
BTW, just voted on ETF conversion.
Question for anyone who has experienced an MF to ETF conversion: Are the divs distributed over the year anything compared to the prior EOY CGs?
I guess we'll see. The board seems overwhelmingly supportive of the ETF conversion.
https://www.sec.gov/Archives/edgar/data/811030/000089418925005619/combined485a.htm