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LLPFX Longleaf Partners

  • Fund
  • LLPFX
  • Price as of: Aug 08, 2016
  • $24.69
  • + $0.19
  • + 0.78%
  • Category
  • Large Cap Blend Equities

LLPFX - Profile

Vitals

  • YTD Return -6.0%
  • 3 Yr Annualized Return 3.5%
  • 5 Yr Annualized Return 6.4%
  • Net Assets $3.55 B
  • Holdings in Top 10 61.5%

52 WEEK LOW AND HIGH

$24.69
$21.83
$26.47

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.93%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 46.25%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$10,000

IRA

$10,000

Investment Themes

CATEGORY

Large Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return -6.0%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 6.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.92%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Longleaf Partners Fund
  • Fund Family Name Longleaf Partners
  • Inception Date Apr 08, 1987
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager G. Staley Cates

Fund Description

The fund primarily owns common stock or securities convertible into common stock but may purchase other types of securities. The fund may invest up to 30% of assets in non-U.S. securities, which could include emerging market issuers, and may achieve its exposure to non-U.S. securities through investing in American depositary receipts (ADRs). It is non-diversified.

LLPFX - Performance

Return Ranking - Trailing

Period LLPFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -6.0% -82.7% 66.9% 90.53% 5
1 Yr -0.5% -18.8% 20.8% 69.89% 4
3 Yr 3.5% * -3.8% 21.2% 94.78% 5
5 Yr 6.4% * -1.7% 21.8% 92.39% 5
10 Yr 4.0% * 0.6% 11.3% 93.74% 5

* Annualized


Return Ranking - Calendar

Period LLPFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -15.9% -58.7% 5.7% 87.48% 5
2014 N/A 0.2% 11.5% N/A N/A
2013 N/A 12.5% 31.1% N/A N/A
2012 N/A 9.2% 16.4% N/A N/A
2011 N/A -3.8% 5.9% N/A N/A

Total Return Ranking - Trailing

Period LLPFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -6.0% -82.7% 66.9% 90.66% 5
1 Yr -0.5% -21.2% 20.8% 58.92% 3
3 Yr 3.5% * -3.8% 21.2% 93.52% 5
5 Yr 6.4% * -1.7% 21.8% 91.84% 5
10 Yr 4.0% * 0.6% 11.3% 93.53% 5

* Annualized


Total Return Ranking - Calendar

Period LLPFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -15.9% -58.7% 5.7% 87.52% 5
2014 N/A 2.0% 13.2% N/A N/A
2013 N/A 23.2% 39.5% N/A N/A
2012 N/A 11.6% 23.6% N/A N/A
2011 N/A -2.1% 8.0% N/A N/A

NAV & Total Return History

LLPFX - Holdings

Filings data as of: Mar 31, 2016

Concentration Analysis

LLPFX Category Low Category High LLPFX % Rank Quintile
Net Assets 3.55 B 9.87 K 458 B 5.17% 1
Number of Holdings 23 1 3780 16.91% 5
Net Assets in Top 10 2.21 B -18.9 K 63.6 B 2.23% 1
Weighting of Top 10 61.5% 0.0% 299.6% 5.40% 1

Top 10 Holdings

  1. Level 3 Communications Inc 8.53%
  2. CK Hutchison Holdings Ltd 8.46%
  3. FedEx Corp 7.95%
  4. Scripps Networks Interactive Inc 5.14%
  5. Alphabet Inc C 5.97%
  6. Cheung Kong Property Holdings Ltd 4.91%
  7. Wynn Resorts Ltd 6.10%
  8. LafargeHolcim Ltd 4.85%
  9. Royal Philips NV 4.90%
  10. E.I. du Pont de Nemours & Co 4.72%

Asset Allocation

Weighting Category Low Category High LLPFX % Rank Quintile
Stocks
76.98% -0.95% 136.86% 25.41% 5
Cash
19.40% -98.69% 132.07% 1.65% 1
Bonds
1.74% -37.58% 98.94% 3.95% 1
Preferred Stocks
1.49% 0.00% 10.32% 0.65% 1
Convertible Bonds
0.39% 0.00% 85.35% 0.43% 1
Other
0.00% -81.75% 100.00% 9.50% 4

Stock Sector Breakdown

Weighting Category Low Category High LLPFX % Rank Quintile
Industrials
30.58% 0.00% 41.49% 0.36% 1
Consumer Cyclical
11.25% 0.00% 70.69% 13.32% 3
Basic Materials
9.56% 0.00% 24.37% 1.38% 1
Communication Services
8.53% -0.78% 17.25% 0.87% 1
Energy
6.19% -2.91% 25.38% 14.48% 3
Technology
5.97% 0.00% 51.32% 27.95% 5
Real Estate
4.91% -0.11% 11.80% 2.75% 1
Financial Services
0.00% 0.00% 47.89% 30.20% 5
Consumer Defense
0.00% 0.00% 51.54% 28.96% 5
Healthcare
0.00% 0.00% 29.64% 29.33% 5
Utilities
0.00% -3.20% 25.88% 19.55% 5

Stock Geographic Breakdown

Weighting Category Low Category High LLPFX % Rank Quintile
US
49.17% -0.95% 136.86% 31.08% 5
Non US
27.81% -0.69% 94.73% 1.73% 1

Bond Sector Breakdown

Weighting Category Low Category High LLPFX % Rank Quintile
Cash & Equivalents
19.40% -97.89% 131.77% 1.74% 1
Corporate
3.62% 0.00% 95.68% 2.76% 1
Securitized
0.00% -3.93% 49.07% 2.90% 3
Derivative
0.00% -69.44% 46.77% 0.94% 3
Municipal
0.00% 0.00% 55.13% 2.03% 3
Government
0.00% -37.58% 86.65% 4.42% 3

Bond Geographic Breakdown

Weighting Category Low Category High LLPFX % Rank Quintile
US
1.74% -37.58% 87.80% 3.67% 1
Non US
0.00% 0.00% 88.97% 4.03% 3

LLPFX - Expenses

Operational Fees

LLPFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.93% 0.02% 303.36% 16.23% 2
Management Fee 0.77% 0.00% 2.25% 2.01% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.10% 0.00% 0.45% 3.41% 3

Sales Fees

LLPFX Fees (% of AUM) Category Low Category High LLPFX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.00% 5.00% N/A N/A

Trading Fees

LLPFX Fees (% of AUM) Category Low Category High LLPFX Rank Quintile
Max Redemption Fee N/A 0.15% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LLPFX Fees (% of AUM) Category Low Category High LLPFX Rank Quintile
Turnover 46.25% 0.00% 1596.00% 10.16% 3

LLPFX - Distributions

Dividend Yield Analysis

LLPFX Category Low Category High LLPFX % Rank Quintile
Dividend Yield 0.1% 0.00% 11.20% 62.49% 4

Dividend Distribution Analysis

LLPFX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

LLPFX Category Low Category High LLPFX % Rank Quintile
Net Income Ratio 0.92% -2.19% 5.26% 11.90% 3

Capital Gain Distribution Analysis

LLPFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

LLPFX - Managers

G. Staley Cates

Manager

Start Date

Apr 01, 1994

Tenure

22.35

Tenure Rank

0.7%

Cates is president and Chief Investment Officer with Southeastern Asset Management since 1986. Prior to joining the firm, he was a research associate with Morgan Keegan & Company. Cates holds the Chartered Financial Analyst designation.


O. Mason Hawkins

Manager

Start Date

Apr 08, 1987

Tenure

29.33

Tenure Rank

0.2%

Hawkins has been in the investment business for more than 25 years and was Chairman and Chief Executive Officer, Southeastern since 1975. Hawkins holds the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

80.8

Category Average

6.03

Category Mode

1.6