October 4, 2023 Weitz Research Analyst Mo Spolan on Business Breakdowns Podcast In a recent episode of the Business Breakdowns podcast, Weitz Research Analyst Mo Spolan breaks down his thoughts on Equifax - one of the three major U.S. credit bureaus. Mo discusses the company's history, its evolution, and how the credit rating industry has changed over the years. The wide-ranging discussion also covers Equifax's business model, competitive positioning, risks facing the business, and much more. Mo's insights provide a glimpse into the depth of our research process and how we identify above-average to excellent companies that fit into our Quality at a Discount framework. LISTEN NOW The opinions expressed are those of Weitz Investment Management and are not meant as investment advice or to predict or project the future performance of any investment product. The opinions are current as of 09/30/2023, are subject to change at any time based on market and other current conditions, and no forecasts can be guaranteed. This commentary is being provided as a general source of information and is not intended as a recommendation to purchase, sell, or hold any specific security or to engage in any investment strategy. Investment decisions should always be made based on an investor’s specific objectives, financial needs, risk tolerance and time horizon. Holdings are subject to change and may not be representative of a Fund's current or future investments. Past performance is not a guarantee of future results. As of 09/30/2023, the following portfolio company constituted a portion of the net assets of Conservative Allocation Fund, Partners III Opportunity Fund, Multi Cap Equity Fund, and Large Cap Equity Fund as follows: Amazon.com, Inc. (AMZN): 0.0%, 4.8%, 0.0%, and 3.7%. Automatic Data Processing, Inc. (ADP): 0.0%, 0.0%, 0.0%, and 0.0%. Equifax, Inc. (EFX): 0.0%, 0.0%, 1.9%, and 1.9%. Experian plc (EXPN): 0.0%, 0.0%, 0.0%, and 0.0%. Fair Isaac Corp. (FICO): 0.0%, 0.0%, 0.0%, and 0.0%. First Advantage Corp. (FA): 0.0%, 0.0%, 0.0%, and 0.0%. HireRight Holdings Corp. (HRT): 0.0%, 0.0%, 0.0%, and 0.0%. Intuit, Inc. (owner of Credit Karma) (INTU): 0.0%, 0.0%, 0.0%, and 0.0%. Moody's Corp. (MCO): 0.0%, 0.0%, 0.0%, and 0.0%. S&P Global, Inc. (SPGI): 1.3%, 0.0%, 0.0%, and 2.8%. Sterling Check Corp. (STER): 0.0%, 0.0%, 0.0%, and 0.0%. The Boeing Company (owner of McDonnell Douglas) (BA): 0.0%, 0.0%, 0.0%, and 0.0%. TransUnion (TRU): 0.0%, 0.0%, 0.0%, and 0.0%. Wells Fargo & Co. (WFC): 0.0%, 0.0%, 0.0%, and 0.0%. Consider these risks before investing: All investments involve risks, including possible loss of principal. These risks include market risks, such as political, regulatory, economic, social and health risks (including the risks presented by the spread of infectious diseases). In addition, because the Fund may have a more concentrated portfolio than certain other mutual funds, the performance of each holding in the Fund has a greater impact upon the overall portfolio, which increases risk. See the Fund's prospectus for a further discussion of risks related to the Fund.