Weitz Introduces Core Plus Income Fund

Tom Carney and Nolan Anderson to co-manage New Intermediate Term Bond Fund

OMAHA, NE, August 18, 2014-- Weitz Investment Management, Inc. today announced that the firm has launched Weitz Core Plus Income Fund (Investor Class: WCPNX; Institutional Class: WCPBX), the 10th fund in the Weitz fund family. The new intermediate-term bond fund invests in domestic investment-grade debt issues, as well as debt in non-benchmark sectors. It will be co-managed by Tom Carney and Nolan Anderson.

The Intermediate-term bond category is presently the largest segment of the fixed-income market, with some 37% ($921 billion) of market share according to Morningstar Direct (as of 12/31/13).

The non-benchmark sectors in which Weitz Core Plus Income Fund may invest include global and/or lower-rated debt. The fund is expected to have a longer average maturity than the Weitz Short-Intermediate Income Fund (WEFIX and WSHNX) and will use the Barclays US Aggregate Bond Index as its primary benchmark.

"The ability to utilize non-benchmark sectors can be a tremendous advantage in the fixed income markets, especially over the long-term," said Tom Carney, portfolio manager, Weitz Funds. "This new fund employs an extended tool box that will allow us to go where we see opportunity. We here at Weitz see this fund as a sensible option for those looking for less constrained fixed income exposure."

Tom Carney joined Weitz Investments in 1995 and is currently the portfolio manager on Weitz Short-Intermediate Income Fund, Weitz Nebraska Tax-Free Income Fund, Weitz Government Money Market Fund, and co-portfolio manager on Weitz Core Plus Income Fund.

Nolan Anderson joined the company in November 2011. He is a research analyst and co-portfolio manager on Weitz Core Plus Income Fund.

"At Weitz, we focus on the long term," said Wally Weitz, president and founder of Weitz Investments. "Through its flexible mandate, Weitz Core Plus Income Fund gives investors access to a fixed income strategy that endeavors to both weather downturns and leverage opportunities. As the name clearly states, it's a core fixed income strategy, and a welcome addition to our fund roster."

For more information on Weitz Funds, call a client service representative at 800-304-9745, or email clientservices@weitzinvestments.com.

About Weitz Funds
Weitz Investment Management, Inc. was started in 1983 with about $11 million under management. The firm, a registered investment adviser, now manages more than $6 billion for the Weitz Funds, individuals, corporations, pension plans, foundations, and endowments.

The Weitz family of funds includes the Weitz Value Fund (WVAIX and WVALX), Weitz PartnersValue Fund (WPVIX and WPVLX), Weitz Partners III Opportunity Fund (WPOPX and WPOIX), Weitz Research Fund (WRESX), Weitz Hickory Fund (WEHIX), Weitz Balanced Fund (WBALX), Weitz Core Plus Income Fund (WCPBX and WCPNX)Weitz Short-Intermediate Income Fund (WEFIX and WSHNX), Weitz Nebraska Tax-Free Income Fund (WNTFX), and the Weitz Government Money Market Fund (WGMXX).

Portfolio holdings and asset allocation are 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 each Fund before investing. The Funds’ Prospectus or Summary Prospectus contains this and other information about each Fund. The Prospectus or Summary Prospectus should be read carefully before investing. Weitz Securities, Inc. is the distributor of the Weitz Funds. A Prospectus or Summary Prospectus and additional information is available from the Weitz Funds, 1125 South 103rd Street, Suite 200, Omaha, NE 68124-1071 or weitzfunds.com. You may call us at (402) 391-1980 or (800) 304-9745
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