Akre Focus ETF

AKRE

Akre Focus Fund is converting from a mutual fund to an ETF, becoming AKRE, effective October 27. Certain mutual fund operating and distribution costs are eliminated, which means we can reduce the expense ratio. The Fund's more than 16-year track record of compounding continues uninterrupted.

MIDDLEBURG, Va., June 05, 2025 (GLOBE NEWSWIRE) -- Akre Capital Management, LLC (“Akre Capital”), a boutique asset manager with a 35-year history of managing concentrated, active equity portfolios, is pleased to announce the proposed conversion of the Akre Focus Fund (the “Fund”) to a transparent, actively-managed exchange-traded fund (ETF), the Akre Focus ETF (Ticker: AKRE). The Board of Trustees of Professionally Managed Portfolios approved the proposed conversion at its meeting held on May 21, 2025. If approved by Fund shareholders, the conversion is scheduled to occur (subject to customary closing conditions) in the fall of 2025. Please find additional details regarding the proposed conversion in the supplement to the Fund's Prospectus.