September 13, 2023 Weitz Core Plus Income Fund Featured on CNBC Download PDF READ NOW Weitz's Tom Carney, CFA, sits down with CNBC to discuss the success of the Core Plus Income Fund, our active approach to fixed income, and how our process is allowing us to find attractive risk/reward opportunities in 2023. The article titled “This Income Fund has a Yield of More Than 5%, and is Cheap Compared to its Peers” provides a detailed look about how we aim to cast a wider net in the bond markets, investing beyond broad bond indexes. Tom explains how our flexible mandate has allowed us to produce a differentiated overall fixed income portfolio. Average Annual Total Returns (%) as of 8.31.2023 YTD 1 YR 3 YR 5 YR Since Inception* Core Plus Income Fund - Institutional (WCPBX) 3.30 1.47 -0.95 2.59 2.76 Bloomberg U.S. Aggregate Bond Index 1.37 -1.19 -4.41 0.49 1.14 Morningstar U.S. Intermediate Core-Plus Bond Category 1.97 -0.75 -3.67 0.69 1.28 *07/31/2014 Morningstar Ranking as of 8.31.2023 Category: Intermediate Core-Plus Bond 1 YR 3 YR 5 YR Percentile Ranking 6 3 2 Ranking/number of funds in category 19 / 620 9 / 552 6 / 518 Morningstar Rankings are based on total returns Yields (%) as of 8.31.2023 30-Day SEC Yield (Subsidized) 5.58 30-Day SEC Yield (Unsubsidized) 5.49 Expenses (%) as of 8.31.2023 WCPBX Morningstar Intermediate Core-Plus Bond Category Gross Expense Ratio 0.59 1.34 Net Expense Ratio 0.45 0.75 FACT SHEET FUND DETAILS /sitefiles/live/documents/CNBC_Sep_2023_article_reprint_Updated.pdf This material must be preceded or accompanied by a prospectus or summary prospectus. Data is as of 8/31/2023. 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 the date of publication, 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. Data quoted is past performance and current performance may be lower or higher. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Please click here for the most recent month-end performance. Investment results reflect applicable fees and expenses and assume all distributions are reinvested but do not reflect the deduction of taxes an investor would pay on distributions or share redemptions. Net and Gross Expense Ratios are as of the Fund's most recent prospectus. Certain Funds have entered into fee waiver and/or expense reimbursement arrangements with the Investment Advisor. In these cases, the Advisor has contractually agreed to waive a portion of the Advisor's fee 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 of the Class's average daily net assets through 07/31/2024. The Gross Expense Ratio reflects the total annual operating expenses of the fund before any fee waivers or reimbursements. The Net Expense Ratio reflects the total annual operating expenses of the Fund after taking into account any such fee waiver and/or expense reimbursement. The net expense ratio represents what investors are ultimately charged to be invested in a mutual fund. Index performance is hypothetical and is shown for illustrative purposes only. You cannot invest directly in an index. The Bloomberg U.S. Aggregate Bond index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. Holdings are subject to change and may not be representative of the Fund's current or future investments. ©2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Morningstar rated the Core Plus Income Fund Institutional Class shares 5 and 5 stars, among 552 and 518 Intermediate Core Plus-Bond funds for the 3- and 5-year periods ended 8/31/2023, respectively. Consider these risks before investing: All investments involve risks, including possible loss of principal. Market risk includes political, regulatory, economic, social and health risks (including the risks presented by the spread of infectious diseases). Changing interest rates may have sudden and unpredictable effects in the markets and on the Fund's investments. The Fund may purchase lower-rated and unrated fixed-income securities, which involve an increased possibility that the issuers of these may not be able to make payments of interest and principal. See the Fund's prospectus for a further discussion of risks.