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Supplemental Tax Information - 2019

  Value Partners Value Partners III Opportunity Hickory Balanced
NASDAQ Symbol WVAIX WVALX WPVIX WPVLX WPOPX WPOIX WEHIX WBAIX WBALX
Share Class Institutional Investor Institutional Investor Institutional Investor   Institutional Investor
CUSIP 94904P856 94904P203 94904P849 94904P609 94904P708 94904P872 94904P500 94904P815 94904P104
Per Share Information
Capital Gain $2.2034 $2.2034 $2.2433 $2.2433 $1.0433 $1.0433 $0.9625 $0.0653 $0.0653
Ordinary Income N/A N/A N/A N/A N/A N/A N/A $0.2169 $0.2119
Total Distributions $2.2034 $2.2034 $2.2433 $2.2433 $1.0433 $1.0433 $0.9625 $0.2822 $0.2772
U.S. Treasury Income* N/A N/A N/A N/A 30.86%
U.S. Government Agency Income N/A N/A N/A N/A 0.00%
Total U.S. Treasury/Government Agency Income N/A N/A N/A N/A 30.86%
Qualified Dividends N/A N/A N/A N/A 25.78%

 

  Core Plus Income Short Duration Income Ultra Short Government
NASDAQ Symbol WCPBX WCPNX WEFIX WSHNX SAFEX
Share Class Institutional Investor Institutional Investor Institutional
CUSIP 94904P831 94904P823 94904P302 94904P864 94904P401
Per Share Information
Capital Gain $0.0128 $0.0128 N/A N/A N/A
Ordinary Income $0.3168 $0.2978 $0.3060 $0.2810 $0.2360
Total Distributions $0.3296 $0.3106 $0.3060 $0.2810 $0.2360
U.S. Treasury Income* 19.54% 17.10% 78.59%
U.S. Government Agency Income 0.00% 0.00% 0.00%
Total U.S. Treasury/Government Agency Income 19.54% 17.10% 78.59%
Qualified Dividends 0.00% 0.00% N/A

U.S. Treasury and Government Agency Obligations
Mutual fund dividends that include income from certain U.S. Treasury and Government Agency obligations may be exempt from state income taxes. A portion of the ordinary income dividends paid to you by the Weitz Funds may qualify for this pass-through exemption. State law varies as to whether and what percentage of dividend income attributable to Federal obligations is exempt from state income tax. Please consult your tax adviser for more information.

Qualified Dividends
The amount eligible for qualified dividend treatment is shown above as a percentage of total ordinary income. This amount is reported to you on your Form 1099-DIV, Box 1b. Qualified dividends are taxed at a maximum federal tax rate of 20%. A shareholder must satisfy a 61-day holding period with respect to any distributions of qualifying dividends in order to obtain the benefit of the lower tax rate. Please consult your tax adviser for more information.

Corporate Dividends Received Deduction
The amount eligible for the corporate dividends received deduction as a percentage of total ordinary income is: Balanced–19.47%; Core Plus Income–0.00%; Short Duration Income–0.00%. [This information is relevant only to corporate shareholders and does not apply to non-corporate shareholders.]

Form 1099-DIV
Distributions of less than $10 are not required to be reported on Form 1099-DIV. These amounts are reported to you on your year-end account statement and are required to be included on your income tax return.

 

Nebraska Tax-Free Income

NASDAQ Symbol: WNTFX

CUSIP: 94904P807

Per Share Information
Capital Gain N/A
Ordinary Income $0.0001
Tax-Exempt $0.1249
Total Distributions $0.1250
U.S. Treasury Income* 0.00%
U.S. Government Agency Income 0.00%
Total U.S. Treasury/Government Agency Income 0.00%

 

State Tax-Exempt Interest Dividends by State Assets by State
California 0.86% 0.74%
Colorado 0.34% 0.34%
Florida 0.63% 0.00%
Nebraska 92.28% 92.75%
Texas 2.98% 0.95%
Washington 0.86% 0.75%

Tax-Exempt Interest Dividends
Of the tax-exempt interest dividends reported to you on your Form 1099-DIV, Box 11, 100% is tax-exempt for federal income tax purposes. A portion of these tax-exempt interest dividends may also be exempt from state or local tax, depending on the state and local tax laws that apply where you file your return. For Nebraska residents, 92.28% of the amount reported in Box 11 is exempt from Nebraska income tax. Please consult your tax adviser for more information.

Alternative Minimum Tax
A portion of the tax-exempt interest dividends is from private activity bonds issued after August 7, 1986, and is a tax preference item subject to the Federal Alternative Minimum Tax. Your share of the tax-exempt interest dividends for such bonds is 3.78% of the amount reported on Form 1099-DIV, Box 11. This amount is reported to you on your Form 1099-DIV, Box 12.

Assets by State
State and local governments may require residents to pay intangible or personal property tax on investments. The table above provides the percentage of assets that the Nebraska Tax-Free Income Fund had invested in each state at the end of 2019. Please consult your tax adviser for more information.

Ordinary Interest Dividends
A portion of the total dividends paid by the Nebraska Tax-Free Income Fund is considered taxable for federal and state income tax purposes. This amount is reported to you on your Form 1099-DIV, Box 1a, if applicable.

U.S. Treasury and Government Agency Obligations
Mutual fund dividends that include income from certain U.S. Treasury and Government Agency obligations may be exempt from state income taxes. A portion of the ordinary income dividends paid to you by the Weitz Funds may qualify for this pass-through exemption. State law varies as to whether and what percentage of dividend income attributable to Federal obligations is exempt from state income tax. Please consult your tax adviser for more information.

 

*Income attributable from investments in U.S. Treasury securities expressed as a percentage of ordinary income.
Income attributable from investments in U.S. Government Agency issues expressed as a percentage of ordinary income.

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