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"Omaha's second-largest value investor to let 2 co-managers take over firm's flagship mutual fund in 2016"

Past performance is no guarantee of future results. Weitz Value Fund-Investor Class (WVALX) average annual total returns for the one, five, and ten-year periods ended March 31, 2015, were 10.19%, 14.34% and 6.08%. Weitz Value Fund-Institutional Class (WVAIX) average annual total returns for the one, five, and ten-year periods ended March 31, 2015, were 10.32%, 14.37% and 6.09%.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 1.21% (gross) and 1.11% (gross) of the Fund’s Investor and Institutional Class net assets, respectively. The Investment Adviser has agreed in writing to limit the total annual operating expenses of Investor Class shares and Institutional Class shares (excluding taxes, interest, portfolio transaction expenses, acquired fund fees and expenses and extraordinary expenses) to 1.18% and 0.99% of the respective Class’ average daily net assets through July 31, 2015.
The investment return and the principal value of an investment in the Fund 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. Performance data current to the most recent month end may be obtained at  Effective June 30, 2008, Value Fund adopted its current principal investment strategy of investing the majority of its assets in larger-sized companies.  Current and future portfolio holdings are subject to risk. Investors should consider carefully the investment objectives, risks, and charges and expenses of the Fund before investing.  Institutional Class shares became available for sale on July 31, 2014. For performance prior to that date, this report includes the actual performance of the Fund’s Investor Class (and use the actual expenses of the Fund’s Investor Class), without adjustment. For any such period of time, the performance of the Fund’s Institutional Class would have been similar to the performance of the Fund’s Investor Class, because the shares of both classes are invested in the same portfolio of securities, but the classes bear different expenses. 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 or402-391-1980. Weitz Securities, Inc. is the distributor of the Weitz Funds.
Weitz Funds, Weitz Investment Management, Inc. and Weitz Securities, Inc. disclaim any liability for information contained in this article and are not affiliated with or Omaha World-Herald.