|
Total Returns# |
Average Annual Total Returns# |
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| Inception |
Since |
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|
Fund Name |
Date | 3 Mos. | 1 Year | 3 Year | 5 Year | 10 Year | 15 Year | 20 Year | 25 Year |
Inception |
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| Value | 5/09/86 | 3.3% | 27.6% | -12.1% | -4.3% | 1.8% | 10.1% | 9.6% | N/A% | 9.8% | |||||||||||||
| Partners Value* | 6/01/83 | 1.3 | 31.3 | -9.4 | -2.3 | 2.5 | 10.8 | 10.4 | 11.8 | 12.0 | |||||||||||||
| Hickory | 4/01/93 | 1.7 | 36.5 | -11.5 | -3.2 | -1.5 | 9.9 | N/A | N/A | 8.8 | |||||||||||||
| Partners III* | 6/01/83 | 2.2 | 42.0 | -6.7 | -0.6 | 7.2 | 12.7 | 11.8 | 12.7 | 12.7 | |||||||||||||
| S&P 500** (a) | 6.0 | 26.5 | -5.6 | 0.4 | -0.9 | 8.0 | 8.2 | 10.5 | N/A | ||||||||||||||
| Russell 2000** (b) | 3.9 | 27.2 | -6.1 | 0.5 | 3.5 | 7.7 | N/A | N/A | N/A | ||||||||||||||
| NASDAQ Composite** (c) | 7.2 | 45.4 | -1.2 | 1.7 | -5.1 | 7.6 | 8.4 | 9.3 | N/A | ||||||||||||||
| Balanced |
10/01/03 |
2.4 | 28.8 | -3.7 | 0.8 | N/A | N/A | N/A | N/A | 3.0 | |||||||||||||
| Blended Index** (d) | 3.7 | 18.0 | -1.0 | 2.1 | N/A | N/A | N/A | N/A | 4.0 | ||||||||||||||
| Short-Intermediate Income |
12/23/88 |
0.7 | 10.8 | 6.4 | 4.9 | 5.6 | 6.1 | 6.1 | N/A | 6.3 | |||||||||||||
| Barclays Intermediate Credit** (e) | 0.3 | 5.2 | 5.9 | 4.7 | 5.9 | 6.3 | 6.6 | N/A | 6.9 | ||||||||||||||
| Nebraska Tax-Free Income* |
10/01/85 |
-0.4 | 7.2 | 4.0 | 3.5 | 4.7 | 5.0 | 5.1 | N/A | 5.5 | |||||||||||||
| Barclays 5-Year Muni. Bond** (f) | 0.5 | 7.4 | 6.1 | 4.5 | 5.2 | 5.4 | 5.7 | N/A | N/A | ||||||||||||||
These performance numbers reflect the deduction of each Fund's annual operating expenses. The current annual operating expenses for the Value, Partners Value, Hickory, Partners III, Balanced, Short-Intermediate Income and Nebraska Tax-Free Income Funds, as stated in the most recent Prospectus are 1.22%, 1.21%, 1.31%, 1.82%, 1.18%, 0.72% and 0.79%, respectively, of each Fund's net assets. The returns assume redemption at the end of each period and reinvestment of dividends. This information represents past performance and past performance does not guarantee future results. The investment return and the principal value of an investment in any of the Funds will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance may be higher or lower than the performance data quoted above. Performance data current to the most recent month end may be obtained at www.weitzfunds.com/performance/monthly.asp.
# All performance numbers assume reinvestment of dividends (except for the 15, 20 and 25 year NASDAQ numbers for which reinvestment of dividend information was not available).
* Performance of the Partners Value and Partners III Opportunity Funds is measured from June 1, 1983, the inception of Weitz Partners II Limited Partnership ("Partners II") and Weitz Partners III Limited Partnership ("Partners III"), respectively. Performance of the Nebraska Tax-Free Income Fund (together with Partners Value and Partners III Opportunity Funds, the "Funds") is measured from October 1, 1985, the inception of Weitz Income Partners Limited Partnership ("Income Partners"). As of December 31, 1993, the Partners Value Fund succeeded to substantially all of the assets of Partners II; as of December 30, 2005, the Partners III Opportunity Fund succeeded to substantially all of the assets of Partners III; and as of December 29, 2006, Nebraska Tax-Free Income Fund succeeded to substantially all of the assets of Income Partners (together with Partners II and Partners III, the "Partnerships"). The investment objectives, policies and restrictions of the Funds are materially equivalent to those of the respective Partnerships and the Partnerships were managed at all times with full investment authority by Wallace R. Weitz & Company. The performance information includes performance for the period before the Funds became investment companies registered with the Securities and Exchange Commission. During these periods, none of the Partnerships were registered under the Investment Company Act of 1940 and therefore were not subject to certain investment restrictions imposed by the 1940 Act. If any of the Partnerships had been registered under the 1940 Act during these periods, the respective Parnerships' performance might have been adversely affected.
** Index performance is hypothetical and is shown for illustrative purposes only.
(a) The S&P 500 is an unmanaged index consisting of 500 companies generally representative of the market for the stocks of large-size U.S. companies.
(b) The Russell 2000 is an unmanaged index of small capitalization common stocks. It consists of the 2,000 smallest companies in the Russell 3000 index, which consists of the 3,000 largest U.S. companies based on market capitalization.
(c) The NASDAQ Composite is an unmanaged market capitalization price-only index that tracks the performance of domestic common stocks traded on the regular NASDAQ market as well as foreign common stocks and ADRs traded on the National Market System.
(d) A blend of 60% S&P 500 and 40% Barclays Capital Intermediate U.S. Government/Credit Index.
(e) Barclays Capital Intermediate U.S. Government/Credit Index is a total return performance benchmark consisting of government securities and publicly issued corporate debt with maturities from one to ten years and rated at least BBB by Standard & Poor's or Baa by Moody's Investor Service.
(f) Barclays Capital 5-Year Municipal Bond Index is an unmanaged index of long-term, fixed-rate, investment-grade, tax-exempt bonds representative of the municipal bond market.