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Weitz Funds, Weitz Investment Management, Inc. and Weitz Securities, Inc. disclaim any liability for information contained in this article and are not affiliated with GuruFocus. Past performance does not guarantee future results. Weitz Partners III Opportunity Fund-Institutional Class (WPOPX) average annual total returns for the one, five, and ten-year periods ended March 31, 2015, were 7.76%, 14.64% and 8.76%. The returns above assume reinvestment of dividends and redemption at the end of each period, and reflect the deduction of annual operating expenses, which as stated in the most recent Prospectus are 1.45% of the Fund’s Institutional Class net assets. The returns above also include fee waivers and/or expense reimbursements, if any total returns would have been lower had there been no waivers or reimbursements. Portfolio composition is subject to change at any time and references to specific securities, industries, and sectors in this letter/presentation are not recommendations to purchase or sell any particular security.Current and future portfolio holdings are subject to risk. As of December 30, 2005, the Partners III Opportunity Fund succeeded to substantially all of the assets of Weitz Partners III Limited Partnership (the"Partnership"), which commenced operations on June 1, 1983. The investment objectives, policies and restrictions of the Fund are materially equivalent to those of the Partnership,and the Partnership was managed at all times with full investment authority by the Investment Adviser. The performance information set forth in the article includes performance for the period before the Fund became an investment company registered with the Securities and Exchange Commission. During this period, the Partnership was not registered under the Investment Company Act of 1940 and, therefore, was not subject to certain investment or other restrictions or requirements imposed by the 1940 Act or the Internal Revenue Code. If the Partnership had been registered under the 1940 Act during this period, the Partnership's performance might have been adversely affected.
Investors should consider carefully the investment objectives, risks, and charges and expenses of the Fund before investing. The Fund's Prospectus contains this and other information about the Fund and should be read carefully before investing. The Prospectus is available from Weitz Investment Management, Inc., 1125 South 103rd Street, Suite 200, Omaha NE 68124-1071,,800-304-9745 or 402-391-1980.Weitz Securities, Inc. is the distributor of the Weitz Funds.