Short Duration Income Fund : Performance as of October 31, 2018

Effective December 16, 2016, the Short Duration Income Fund expects to manage its portfolio to have an average effective duration of between one and 3½ years.
 
Annualized
1-Year
Month
Since
Inception
(12/23/88)
10-Year
5-Year
3-Year
Short Duration Income Fund
5.03%
3.31%
1.45%
1.58%
0.51%
0.00%
Bloomberg Barclays 1-3 Year U.S. Aggregate
n/a
1.77%
0.84%
0.79%
0.34%
0.11%
Since Inception return for U.S. CPI Plus 1.00% is since 12/31/88.

Performance Data

Growth of $10K

: Bloomberg Barclays 1-3 Year U.S. Aggregate
: Short Duration Income Fund - Institutional Class
Since Inception 10-Year 5-Year 3-Year 1-Year
11/08
10/18
12/88
10/18
11/13
10/18
11/15
10/18
11/17
10/18

Yield Calculations : As of October 31, 2018

30-Day SEC Yield
2.80%

Summary of Returns

Year
Short Duration Income Fund
Bloomberg Barclays 1-3 Year U.S. Aggregate
Relative Results
1988 (12/23/1988)
0.08%
n/a
n/a
1989
9.09%
n/a
n/a
1990
9.06%
n/a
n/a
1991
11.18%
n/a
n/a
1992
5.53%
n/a
n/a
1993
8.06%
4.44%
3.62%
1994
-2.38%
0.62%
-3.00%
1995
15.75%
11.00%
4.75%
1996
4.43%
5.19%
-0.76%
1997
8.64%
6.68%
1.96%
1998
6.76%
6.83%
-0.07%
1999
0.92%
3.32%
-2.40%
2000
9.66%
8.15%
1.51%
2001
8.45%
8.77%
-0.32%
2002
4.18%
6.29%
-2.11%
2003
6.30%
2.42%
3.88%
2004
2.64%
1.44%
1.20%
2005
1.60%
1.82%
-0.22%
2006
4.04%
4.34%
-0.30%
2007
6.10%
6.73%
-0.63%
2008
2.29%
4.62%
-2.33%
2009
10.85%
5.00%
5.85%
2010
4.74%
2.62%
2.12%
2011
2.11%
1.73%
0.38%
2012
4.04%
1.33%
2.71%
2013
1.11%
0.64%
0.47%
2014
1.69%
0.82%
0.87%
2015
0.25%
0.67%
-0.42%
2016
3.11%
1.31%
1.80%
2017
1.54%
0.86%
0.68%
2018 (10/31/2018)
0.54%
0.52%
0.02%
Since Inception
Short Duration Income Fund
Bloomberg Barclays 1-3 Year U.S. Aggregate
Relative Results
Cumulative Return
332.72%
n/a
n/a
Average Annual Return
5.03%
n/a
n/a
Performance data represents past performance, which does not guarantee future results. 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 weitzinvestments.com.

Returns 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 0.62% (gross) of the Fund’s Institutional Class net assets. Returns also include fee waivers and/or expense reimbursements, if any; total returns would have been lower had there been no waivers or reimbursements. The Investment Adviser has agreed in writing to waive its fees and reimburse certain expenses (excluding taxes, interest, brokerage costs, acquired fund fees and expenses and extraordinary expenses) to limit the total annual fund operating expenses for Institutional Class shares to 0.48% of the Class’s average daily net assets through July 31, 2019.

Index performance is hypothetical and is shown for illustrative purposes only. Comparative returns are the average returns for the applicable period of the reflected indices. The Bloomberg Barclays 1-3 Year U.S. Aggregate Index is generally representative of the market for investment grade, U.S. dollar denominated, fixed-rate taxable bonds with maturities from one to three years. The Bloomberg Barclays Intermediate U.S. Government/Credit Index (“BIGC”) is the non-securitized portion of the Bloomberg Barclay’s U.S. Aggregate Index and includes Treasuries, government-related issues, and corporates. The CPI + 1% is created by adding 1% to the annual percentage change in the Consumer Price Index (“CPI”) as determined by the U.S. Department of Labor Statistics. There can be no guarantee that CPI will reflect the exact level of inflation at any time.

Portfolio composition is subject to change at any time. 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. 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. Weitz Securities, Inc. is the distributor of the Weitz Funds.
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