Shareholders Approve Conversion of the Akre Focus Fund to an ETF

The conversion is expected to result in enhanced tax efficiency, increased transparency, and expense reduction for most shareholders.

Additional details regarding the conversion may be found in the Proxy Statement/Prospectus.

October 27th, 2025 will be the first day of trading for the ETF (ticker "AKRE").

An Investment Strategy Designed to Endure

Akre Capital Management invests in a small number of what we believe to be extraordinary businesses that are run by talented and honest managers who wisely reinvest free cash flow.

We call this intuitive, enduring approach our “three-legged stool.”
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