Akre Capital Management, LLC (ACM) has named John H. Neff and Thomas D. Saberhagen as Co-Portfolio Managers of the Akre Focus Fund (AKREX; AKRIX), effective August 1, 2014, with Charles (Chuck) T. Akre, Jr. continuing to serve as Portfolio Manager.

“This is a natural evolution in the growth of our business and a recognition of the value Tom and John have brought to Fund shareholders,” said Chuck Akre. “Since the Fund’s launch almost five years ago, Tom and John have been instrumental in providing the research and analysis that underpins our search for extraordinary investments and the results we have enjoyed as a team. They both have a deep understanding of our investment process and have enhanced the culture of the firm in large and small ways. I believe having them as co-managers provides consistent direction for the Fund for many years to come.”

John Neff and Tom Saberhagen, who became Partners at ACM in January 2013, joined the firm’s investment team as Senior Analysts in 2009.

Before joining ACM, John served as a Senior Equity Analyst for William Blair beginning in 2002 after joining its Equity Research department in 1999. He holds an M.B.A. from the University of Chicago and a B.A. from Colgate University.

Prior to joining ACM, Tom served as Senior Analyst for Aegis Financial Corporation, which he joined in 2002. He holds an M.B.A. from Stanford University and a B.A. in Mathematics and Philosophy from Rice University.

In addition to serving as the Fund’s portfolio manager, Chuck serves as the managing member of ACM which he founded in 1989.

About The Akre Focus Fund

The Akre Focus Fund is a multi-cap equity fund. The goal of the fund is to achieve above average investment returns for our investors, while incurring below average market risk. We believe the simplest way to meet this goal is to hold concentrated positions in what we believe to be extraordinary businesses with the following characteristics: 1) a strong and durable business model, often evidenced by pricing power or high cash returns on invested capital, 2) best-in-class managers who treat shareholders as partners, and 3) extensive histories and opportunities to reinvest cash at above average rates of return. We seek to buy such businesses at attractive prices and continue to hold them for as long as we feel they remain extraordinary.

About Akre Capital Management, LLC

From its offices in Middleburg, Virginia, Akre Capital Management, LLC is an investment adviser to the Akre Focus Fund and private partnerships with adviser assets under management of just under $4 billion as of July 30, 2014.

Mutual fund investing involves risk. Principal loss is possible. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. The Fund invests in small- and medium-capitalization companies, which involve additional risks such as limited liquidity and greater volatility than larger capitalization companies.

Past performance does not guarantee future results.

The Fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The summary and statutory prospectus contains this and other important information about the investment company, and it may be obtained by calling 877-862-9556, or visiting www.akrefund.com. Read it carefully before investing.

The Akre Focus Fund is distributed by Quasar Distributors, LLC.

Kanter & CompanyVictoria Odinotska, 703-534-3735