Ultra Short Government Fund : Performance as of January 31, 2017

Effective December 16, 2016, the Ultra Short Government Fund is not a “money market fund” and does not seek to maintain a stable net asset value (NAV).
 
Annualized
1-Year
Month
Since
Inception
(8/1/91)
10-Year
5-Year
3-Year
Ultra Short Government Fund
2.44%
0.70%
0.05%
0.07%
0.19%
0.04%
Bank of America Merrill Lynch 6-Month Treasury Bill Index
3.05%
1.13%
0.29%
0.35%
0.66%
0.07%

Performance Data

Growth of $10K

: Bank of America Merrill Lynch 6-Month Treasury Bill Index
: Ultra Short Government Fund
Since Inception 10-Year 5-Year 3-Year 1-Year
02/07
01/17
07/91
01/17
02/12
01/17
02/14
01/17
02/16
01/17

Summary of Returns

Year
Ultra Short Government Fund
Bank of America Merrill Lynch 6-Month Treasury Bill Index
Relative Results
1991 (08/01/1991)
2.05%
3.00%
-0.95%
1992
3.55%
4.27%
-0.72%
1993
2.84%
3.39%
-0.55%
1994
3.66%
3.88%
-0.22%
1995
5.25%
6.54%
-1.29%
1996
4.83%
5.31%
-0.48%
1997
5.01%
5.57%
-0.56%
1998
4.89%
5.58%
-0.69%
1999
4.44%
4.64%
-0.20%
2000
5.74%
6.51%
-0.77%
2001
3.54%
5.21%
-1.67%
2002
1.18%
2.21%
-1.03%
2003
0.55%
1.29%
-0.74%
2004
0.72%
1.22%
-0.50%
2005
2.47%
3.10%
-0.63%
2006
4.47%
4.81%
-0.34%
2007
4.88%
5.61%
-0.73%
2008
2.00%
3.58%
-1.58%
2009
0.30%
0.58%
-0.28%
2010
0.07%
0.36%
-0.29%
2011
0.03%
0.27%
-0.24%
2012
0.03%
0.17%
-0.14%
2013
0.01%
0.18%
-0.17%
2014
0.01%
0.12%
-0.11%
2015
0.01%
0.22%
-0.21%
2016
0.15%
0.67%
-0.52%
2017 (01/31/2017)
0.04%
0.07%
-0.03%
Since Inception
Ultra Short Government Fund
Bank of America Merrill Lynch 6-Month Treasury Bill Index
Relative Results
Cumulative Return
84.89%
115.15%
-30.26%
Average Annual Return
2.44%
3.05%
-0.61%
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 0.60% (gross) of the Fund’s net assets. The investment advisor has agreed in writing to limit the total annual fund operating expenses (excluding taxes, interest, brokerage costs, acquired fund fees and expenses and extraordinary expenses) to 0.20% of the Institutional Class shares’ average daily net assets through July 31, 2018, and voluntarily limited total expenses to 0.05% for the year ended March 31, 2016. The voluntary limit may be changed at any time. 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. 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.
Comparative returns are the average returns for the applicable period of the Bank of American Merrill Lynch 6-Month Treasury Bill Index. The Bank of America Merrill Lynch 6-Month Treasury Bill Index is an unmanaged index that is generally representative of the market for U.S. Treasury Bills.
The Fund’s past performance is not necessarily an indication of how the Fund will perform in the future.  Prior to December 16, 2016, the Fund operated as a “government money market fund” and maintained a stable net asset value of $1.00 per share.  The Fund’s performance above for the period prior to December 16, 2016 reflects the Fund’s performance as a “government money market fund” and may not be indicative of future performance results.
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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