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WEFIX Weitz Short Duration Income Instl

  • Fund
  • WEFIX
  • Price as of: Dec 14, 2018
  • $12.12
  • + $0.01
  • + 0.08%
  • Category
  • Total Bond Market

WEFIX - Profile

Vitals

  • YTD Return -0.7%
  • 3 Yr Annualized Return 1.7%
  • 5 Yr Annualized Return 1.5%
  • Net Assets $955 M
  • Holdings in Top 10 16.9%

52 WEEK LOW AND HIGH

$12.12
$12.04
$12.27

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.62%

SALES FEES

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

BROKERAGE FEES

  • Turnover 34.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

$1,000,000

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return -0.7%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.12%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Weitz Short Duration Income Fund
  • Fund Family Name Weitz
  • Inception Date Dec 23, 1988
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Thomas D. Carney

WEFIX - Performance

Return Ranking - Trailing

Period WEFIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.7% -36.4% 14.2% 15.91% 2
1 Yr 1.0% -15.5% 21.5% 21.17% 2
3 Yr 1.7% * -6.1% 11.1% 40.50% 3
5 Yr 1.5% * -2.4% 14.8% 55.70% 3
10 Yr 3.2% * -0.7% 12.1% 66.03% 4

* Annualized


Return Ranking - Calendar

Period WEFIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -0.6% -10.9% 25.1% 57.86% 5
2016 0.7% -11.1% 192.8% 30.03% 3
2015 -2.1% -33.0% 5.1% 27.69% 3
2014 -0.3% -24.1% 20.8% 42.37% 4
2013 -0.8% -13.1% 40.4% 16.95% 2

Total Return Ranking - Trailing

Period WEFIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.7% -100.0% 14.2% 15.85% 2
1 Yr 1.0% -15.5% 21.5% 17.37% 1
3 Yr 1.7% * -7.0% 11.1% 36.17% 2
5 Yr 1.5% * -3.2% 14.8% 49.16% 3
10 Yr 3.2% * -0.7% 12.1% 65.33% 4

* Annualized


Total Return Ranking - Calendar

Period WEFIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -0.6% -9.5% 25.1% 58.61% 5
2016 2.3% -11.1% 195.3% 21.20% 2
2015 0.3% -32.5% 16.5% 13.71% 1
2014 1.8% -9.9% 58.5% 41.14% 3
2013 1.2% -12.9% 58.3% 12.47% 1

NAV & Total Return History

WEFIX - Holdings

Filings data as of: Sep 30, 2018

Concentration Analysis

WEFIX Category Low Category High WEFIX % Rank Quintile
Net Assets 955 M 319 K 199 B 14.75% 3
Number of Holdings 222 1 17406 19.89% 4
Net Assets in Top 10 165 M -36 B 52.1 B 15.06% 3
Weighting of Top 10 16.9% 0.0% 1093.9% 25.18% 4

Top 10 Holdings

  1. United States Treasury Notes 0.88% 2.53%
  2. United States Treasury Notes 2% 2.01%
  3. United States Treasury Notes 2% 1.68%
  4. RWT HOLDINGS INC 5.62% 1.54%
  5. United States Treasury Notes 1.25% 1.53%
  6. United States Treasury Notes 1.5% 1.52%
  7. United States Treasury Notes 2.12% 1.52%
  8. United States Treasury Notes 1.62% 1.51%
  9. United States Treasury Notes 1.38% 1.51%
  10. Equity CommonWealth 5.88% 1.50%

Asset Allocation

Weighting Category Low Category High WEFIX % Rank Quintile
Bonds
95.16% -175.98% 562.01% 13.28% 3
Convertible Bonds
3.54% 0.00% 13.10% 1.27% 1
Cash
0.89% -461.99% 275.92% 24.01% 4
Stocks
0.42% -2.63% 98.80% 4.27% 1
Preferred Stocks
0.00% 0.00% 20.37% 6.87% 3
Other
0.00% -147.74% 99.99% 10.12% 3

Stock Sector Breakdown

Weighting Category Low Category High WEFIX % Rank Quintile
Real Estate
0.42% -0.15% 14.09% 3.10% 1
Utilities
0.00% -0.78% 9.04% 5.14% 2
Technology
0.00% -1.56% 21.00% 4.94% 1
Industrials
0.00% -0.11% 11.47% 5.62% 2
Healthcare
0.00% -0.69% 18.80% 4.26% 2
Financial Services
0.00% -0.22% 19.78% 6.78% 2
Energy
0.00% -0.88% 10.47% 5.23% 2
Communication Services
0.00% -0.07% 4.28% 3.97% 2
Consumer Defense
0.00% -0.17% 11.96% 4.26% 1
Consumer Cyclical
0.00% -0.36% 12.13% 5.72% 2
Basic Materials
0.00% -0.43% 8.45% 4.26% 2

Stock Geographic Breakdown

Weighting Category Low Category High WEFIX % Rank Quintile
US
0.42% -2.63% 96.34% 3.76% 1
Non US
0.00% -0.82% 93.79% 3.10% 1

Bond Sector Breakdown

Weighting Category Low Category High WEFIX % Rank Quintile
Corporate
39.60% 0.00% 221.70% 13.99% 3
Securitized
31.25% 0.00% 118.59% 14.80% 3
Government
27.63% -389.49% 503.27% 11.85% 2
Cash & Equivalents
0.89% -462.00% 275.92% 24.11% 4
Municipal
0.23% 0.00% 96.08% 11.24% 3
Derivative
0.00% -138.52% 239.83% 3.87% 1

Bond Geographic Breakdown

Weighting Category Low Category High WEFIX % Rank Quintile
US
95.16% -370.09% 500.82% 4.37% 1
Non US
0.00% -192.19% 351.70% 29.60% 5

WEFIX - Expenses

Operational Fees

WEFIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.62% 0.00% 44.72% 11.09% 2
Management Fee 0.40% 0.00% 2.15% 2.90% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.25% 0.00% 0.63% 1.04% 5

Sales Fees

WEFIX Fees (% of AUM) Category Low Category High WEFIX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

WEFIX Fees (% of AUM) Category Low Category High WEFIX Rank Quintile
Max Redemption Fee N/A 0.25% 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.

WEFIX Fees (% of AUM) Category Low Category High WEFIX Rank Quintile
Turnover 34.00% 0.00% 1576.00% 16.02% 1

WEFIX - Distributions

Dividend Yield Analysis

WEFIX Category Low Category High WEFIX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.06% 14.75% 2

Dividend Distribution Analysis

WEFIX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

WEFIX Category Low Category High WEFIX % Rank Quintile
Net Income Ratio 2.12% -1.56% 7.22% 12.52% 3

Capital Gain Distribution Analysis

WEFIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Daily Annually

WEFIX - Managers

Thomas D. Carney

Manager

Start Date

Jan 31, 1996

Tenure

22.85

Tenure Rank

0.4%

Tom joined Weitz Investments in 1995 as a research analyst. In 1996, he was promoted to portfolio manager. Prior to joining the firm, Tom held several positions at Chiles, Heider & Co., Inc. Previously, he was a municipal securities professional with Smith Barney. Tom has a bachelor’s in finance from the University of Nebraska at Omaha.


Nolan P. Anderson

Manager

Start Date

Jul 31, 2017

Tenure

1.33

Tenure Rank

9.4%

Nolan joined Weitz Investments in 2011 as a fixed income research analyst. In 2014, he was promoted to portfolio manager. Prior to joining the firm, Nolan performed financial modeling and due diligence on leveraged buyout transactions for Wells Fargo Bank. Previously, he worked for Woodmen of the World Life Insurance Society. Nolan has a bachelor’s in real estate and land use economics and a master’s in business administration from the University of Nebraska Omaha.


Tenure Analysis

Category Low

0.0

Category High

29.9

Category Average

6.57

Category Mode

0.5