Short Duration Income Fund : Performance as of April 30, 2017

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
5.21%
3.36%
1.65%
1.43%
1.82%
0.33%
Bloomberg Barclays 1-3 Year U.S. Aggregate
n/a
2.40%
0.94%
0.99%
0.78%
0.18%
Bloomberg Barclays Intermediate U.S. Government/Credit Index
5.87%
3.77%
1.82%
2.05%
0.78%
0.62%
U.S. Consumer Price Index (CPI) Plus 1.00%
3.55%
2.72%
2.24%
2.05%
3.22%
0.38%
Since Inception return for Bloomberg Barclay's Intermediate U.S. Government/Credit Index and U.S. CPI Plus 1.00% is since 12/31/88.

Performance Data

Growth of $10K

: Bloomberg Barclays Intermediate U.S. Government/Credit Index
: Bloomberg Barclays 1-3 Year U.S. Aggregate
: Short Duration Income Fund - Investor Class
Since Inception 10-Year 5-Year 3-Year 1-Year
05/07
04/17
12/88
04/17
05/12
04/17
05/14
04/17
05/16
04/17

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
2.03%
1.73%
0.30%
2012
3.79%
1.33%
2.46%
2013
0.93%
0.64%
0.29%
2014
1.47%
0.82%
0.65%
2015
-0.07%
0.67%
-0.74%
2016
2.95%
1.31%
1.64%
2017 (04/30/2017)
0.90%
0.59%
0.31%
Since Inception
Short Duration Income Fund
Bloomberg Barclays 1-3 Year U.S. Aggregate
Relative Results
Cumulative Return
322.62%
n/a
n/a
Average Annual Return
5.21%
n/a
n/a
Past performance does not guarantee future results. 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 0.92% (gross) of the Fund’s Investor Class net assets.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 and Investor Class shares to 0.48% and 0.68%, respectively, of each Class’s average daily net assets through July 31, 2018. Investor Class shares became available for sale on August 1, 2011. For performance prior to that date, this tables include the actual performance of the Fund’s Institutional Class (and use the actual expenses of the Fund’s Institutional Class), without adjustment. For any such period of time, the performance of the Fund’s Investor Class would have been similar to the performance of the Fund’s Institutional Class, because the shares of both classes are invested in the same portfolio of securities, but the classes bear different expenses. 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.
Comparative returns are the average returns for the applicable period of the Bloomberg Barclays 1-3 Year U.S. Aggregate Index and Bloomberg Barclays U.S. Government/Credit Index. 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.Bloomberg Barclays U.S. Government/Credit Index is the nonsecuritized portion of the Bloomberg Barclay's U.S. Aggregate Index and includes Treasuries, government-related issues, and corporates. 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. Since inception returns are from 12/31/88 for both indexes. 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 www.weitzinvestments.com/funds_and_performance/fund_performance.fs.

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., 1125 South 103rd Street, Suite 200, Omaha NE 68124-1071, weitzinvestments.com, 800-304-9745 or 402-391-1980.

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