Chuck Akre

Letters 17

www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000811030&type=N-CSR&dateb=&owner=include&count=100

akrefund.com exposes only the current quarter's commentary and the two most recent financial statements, so the fund's own site is not the archive. The archive is SEC EDGAR: the Akre Focus Fund is a series of Professionally Managed Portfolios (CIK 0000811030), and its N-CSR annual reports for fiscal years ended 31 July 2010 through 31 July 2025 each open with the portfolio managers' letter to shareholders, signed by Charles T. Akre Jr. through the 2020 report and by the Akre Capital team thereafter. EDGAR full-text search for "Akre Focus Fund" restricted to N-CSR returns all 17 filings (16 annual reports plus one amendment). The fund converted to the Akre Focus ETF in October 2025. One standalone Akre letter, from 1988, sits on the Akre Capital site.

• Akre Focus Fund Annual Report, fiscal year ended July 31, 2025 — shareholder letter2025
• Akre Focus Fund Annual Report, fiscal year ended July 31, 2024 — shareholder letter2024
• Akre Focus Fund Annual Report, fiscal year ended July 31, 2023 — shareholder letter2023
• Akre Focus Fund Annual Report, fiscal year ended July 31, 2022 — shareholder letter2022
• Akre Focus Fund Annual Report, fiscal year ended July 31, 2022 (amended) — shareholder letter2022
• Akre Focus Fund Annual Report, fiscal year ended July 31, 2021 — shareholder letter2021
• Akre Focus Fund Annual Report, fiscal year ended July 31, 2020 — shareholder letter2020
• Akre Focus Fund Annual Report, fiscal year ended July 31, 2019 — shareholder letter2019
• Akre Focus Fund Annual Report, fiscal year ended July 31, 2018 — shareholder letter2018
• Akre Focus Fund Annual Report, fiscal year ended July 31, 2017 — shareholder letter2017
• Akre Focus Fund Annual Report, fiscal year ended July 31, 2016 — shareholder letter2016
• Akre Focus Fund Annual Report, fiscal year ended July 31, 2015 — shareholder letter2015
• Akre Focus Fund Annual Report, fiscal year ended July 31, 2014 — shareholder letter2014
• Akre Focus Fund Annual Report, fiscal year ended July 31, 2013 — shareholder letter2013
• Akre Focus Fund Annual Report, fiscal year ended July 31, 2012 — shareholder letter2012
• Akre Focus Fund Annual Report, fiscal year ended July 31, 2011 — shareholder letter2011
• Akre Focus Fund Annual Report, fiscal year ended July 31, 2010 — shareholder letter2010

Articles and essays 3

• The Bottom Line of All Investing Is Rate of ReturnAkre Capital Management, 2021
• What Do We Mean By Reinvestment?Akre Capital Management, 2014
• 1988 Shareholder LetterAkre Capital Management, 1988

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