Akros Absolute Return
615 East Michigan Street Milwaukee, WI, 53202
Map
Phone: 877-257-6748
| Category: | Mid-Cap Value | | Fund Family: | Akros Capital | | Net Assets: | 2.68M | | Year-to-Date Return: | 5.80% | | Yield: | 1.68% | | Morningstar Rating: | N/A | | Fund Inception Date: | 30-Sep-05 |
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Brady Lipp
Lead Manager since
30-Sep-05 | | | Lipp founded Akros Capital, LLC in 2003 and serves as managing principal and chief executive officer. Prior to that, he was a managing director at Credit Suisse Asset Management from 1999 to 2003 and a member of the global post-venture capital investment team. Lipp also served as a managing director at Warburg Pincus Asset Management from 1994 to 1999, and was an institutional relationship manager at Strong Capital Management from 1987 to 1994. |
| Min Initial Investment: | $2,500 | | Min Initial Investment, IRA: | $1,000 | | Min Initial Investment, AIP: | $2,500 | | Min Subsequent Investment: | $100 | | Min Subsequent Investment, IRA: | $100 | | Min Subsequent Investment, AIP: | $100 |
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| The investment seeks long-term capital appreciation and income, while seeking to protect principal during unfavorable market conditions. The fund normally invests in securities that offer strategic opportunities to employ absolute return strategies utilizing a variety of publicly and non-publicly traded securities. It may invest in companies of any size. The fund may also invest up to 100% of net assets in debt instruments including convertible debt, options and futures, as well as privately negotiated options and 30% of net assets in foreign securities, including ADRs and EDRs. It is nondiversified. |
| Last Dividend
(27-Dec-07):
| 0.16 | | Last Cap Gain
(27-Dec-07):
| 0.33 | | Annual Holdings Turnover
| 301.00% | | Average for Category:
| 79.50% |
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| Expense | AARFX | Category
Avg | | Total Expense Ratio: | 2.45%
| 1.36% | | Max 12b1 Fee: | 0.25%
| N/A | | Max Front End Sales Load: | 0.00%
| 5.43% | | Max Deferred Sales Load: | 0.00%
| 2.54% | | 3 Yr Expense Projection*: |
$624 | $632 | | 5 Yr Expense Projection*: |
$1,073 | $957 | | 10 Yr Expense Projection*: |
$2,317 | $1,921 |
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