Partners III Opportunity Fund : Performance
as of January 31, 2017

 
Annualized
1-Year
Month
Since
Inception
(6/1/83)
10-Year
5-Year
3-Year
Partners III Opportunity Fund
12.51%
5.82%
8.77%
2.59%
16.08%
4.35%
S&P 500®
10.83%
6.99%
14.09%
10.85%
20.04%
1.90%
Russell 3000®
10.63%
7.07%
13.97%
10.28%
21.73%
1.88%
Russell 3000® Value
11.20%
5.69%
14.05%
10.10%
25.76%
0.60%

Performance Data

Growth of $10K

: Russell 3000® Value
: Russell 3000®
: S&P 500®
: Partners III Opportunity Fund - Investor Class
Since Inception 10-Year 5-Year 3-Year 1-Year
02/07
01/17
06/83
01/17
02/12
01/17
02/14
01/17
02/16
01/17

Summary of Returns

Year
Partners III Opportunity Fund
S&P 500®
Relative Results
1983 (06/01/1983)
8.60%
4.15%
4.45%
1984
11.20%
6.10%
5.10%
1985
38.55%
31.60%
6.95%
1986
8.45%
18.60%
-10.15%
1987
-1.38%
5.10%
-6.48%
1988
19.48%
16.61%
2.87%
1989
19.36%
31.69%
-12.33%
1990
-5.47%
-3.10%
-2.37%
1991
23.19%
30.47%
-7.28%
1992
13.53%
7.62%
5.91%
1993
32.29%
10.08%
22.21%
1994
-11.13%
1.32%
-12.45%
1995
43.33%
37.58%
5.75%
1996
25.02%
22.96%
2.06%
1997
37.07%
33.36%
3.71%
1998
10.88%
28.58%
-17.70%
1999
10.56%
21.04%
-10.48%
2000
32.40%
-9.10%
41.50%
2001
6.63%
-11.89%
18.52%
2002
-16.12%
-22.10%
5.98%
2003
42.64%
28.68%
13.96%
2004
22.11%
10.88%
11.23%
2005
-0.69%
4.91%
-5.60%
2006
20.39%
15.79%
4.60%
2007
-12.86%
5.49%
-18.35%
2008
-34.45%
-37.00%
2.55%
2009
42.05%
26.46%
15.59%
2010
33.03%
15.06%
17.97%
2011
5.39%
2.11%
3.28%
2012
12.69%
16.00%
-3.31%
2013
32.38%
32.39%
-0.01%
2014
4.26%
13.69%
-9.43%
2015
-7.56%
1.38%
-8.94%
2016
5.70%
11.96%
-6.26%
2017 (01/31/2017)
4.35%
1.90%
2.45%
Since Inception
Partners III Opportunity Fund
S&P 500®
Relative Results
Cumulative Return
5,213.77%
3,098.26%
2,115.51%
Average Annual Return
12.51%
10.83%
1.68%
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 2.33% of the Fund’s Investor Class net assets. 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 S&P 500 Index, the Russell 3000 Index and the Russell 3000® Value Index. The S&P 500 is an unmanaged index consisting of 500 companies generally representative of the market for the stocks of large-size U.S. companies. The Russell 3000 Index measures the performance of the largest 3,000 U.S. companies representing approximately 98% of the investable U.S. equity market.The Russell 3000 Value Index measures the performance of the broad value segment of U.S. equity value universe. It includes those Russell 3000 companies with lower price-to-book ratios and lower forecasted growth values. 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. On the last business day of 2005, the Fund succeeded to substantially all of the assets of Weitz Partners III Limited Partnership (the "Partnership"). The investment objectives, policies and restrictions of the Fund are materially equivalent to those of the Partnership, and the Partnership was managed at all times with full investment authority by the Investment Adviser. The performance information includes performance for the Partnership. The Partnership was not registered under the Investment Company Act of 1940 and, therefore, was not subject to certain investment or other restrictions or requirements imposed by the 1940 Act or the Internal Revenue Code. If the Partnerships had been registered under the 1940 Act, the Partnership's performance might have been adversely affected. Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is the trademark of Russell Investment Group. 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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