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WEFIX Weitz Short Duration Income Instl

  • Fund
  • WEFIX
  • Price as of: Mar 27, 2017
  • $12.35
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

WEFIX - Profile

Vitals

  • YTD Return 0.6%
  • 3 Yr Annualized Return 1.6%
  • 5 Yr Annualized Return 1.9%
  • Net Assets $1.2 B
  • Holdings in Top 10 19.2%

52 WEEK LOW AND HIGH

$12.35
$12.26
$12.51

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.62%

SALES FEES

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

BROKERAGE FEES

  • Turnover 23.00%

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 0.6%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.00%
DIVIDENDS
  • Dividend Yield 0.2%
  • 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 0.6% -9.5% 7.9% 28.81% 3
1 Yr 3.3% -12.6% 50.7% 44.31% 3
3 Yr 1.6% * -5.9% 9.3% 56.41% 3
5 Yr 1.9% * -3.2% 12.8% 57.56% 3
10 Yr 3.5% * -2.1% 9.7% 55.37% 3

* Annualized


Return Ranking - Calendar

Period WEFIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 0.7% -10.9% 192.8% 29.86% 3
2015 -2.1% -33.0% 4.2% 25.25% 3
2014 -0.3% -9.3% 14.9% 42.16% 4
2013 -0.8% -24.1% 40.4% 14.37% 2
2012 1.9% -100.0% 18.7% 43.58% 4

Total Return Ranking - Trailing

Period WEFIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.6% -7.3% 7.9% 28.74% 2
1 Yr 3.3% -12.6% 50.7% 37.48% 2
3 Yr 1.6% * -7.0% 9.3% 48.51% 3
5 Yr 1.9% * -4.1% 12.8% 53.27% 3
10 Yr 3.5% * -2.1% 9.7% 53.25% 3

* Annualized


Total Return Ranking - Calendar

Period WEFIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 2.3% -9.5% 195.3% 21.06% 2
2015 0.3% -32.5% 7.4% 11.02% 1
2014 1.8% -8.3% 16.8% 41.43% 3
2013 1.2% -12.9% 58.5% 9.49% 1
2012 4.5% -100.0% 35.2% 38.12% 3

NAV & Total Return History

WEFIX - Holdings

Filings data as of: Dec 31, 2016

Concentration Analysis

WEFIX Category Low Category High WEFIX % Rank Quintile
Net Assets 1.2 B 319 K 176 B 10.99% 3
Number of Holdings 211 1 17739 17.90% 4
Net Assets in Top 10 226 M -36 B 36.7 B 10.48% 2
Weighting of Top 10 19.2% 0.0% 1093.9% 21.87% 4

Top 10 Holdings

  1. Redwood Tr Cv 4.625% 2.76%
  2. US Treasury Note 1.375% 2.13%
  3. US Treasury Note 1% 2.13%
  4. US Treasury Note 0.875% 2.10%
  5. US Treasury Note 2% 1.72%
  6. US Treasury Note 0.75% 1.70%
  7. US Treasury Note 0.875% 1.70%
  8. US Treasury Note 0.75% 1.69%
  9. Regency Engy Partners 6.5% 1.70%
  10. FNMA 3.5% 1.59%

Asset Allocation

Weighting Category Low Category High WEFIX % Rank Quintile
Bonds
87.74% -175.98% 562.01% 19.53% 4
Cash
7.05% -461.99% 275.92% 12.00% 2
Convertible Bonds
2.76% 0.00% 13.10% 0.76% 1
Other
1.43% -18.77% 99.99% 8.39% 2
Stocks
1.03% -2.63% 98.43% 3.10% 1
Preferred Stocks
0.00% 0.00% 17.19% 7.83% 3

Stock Sector Breakdown

Weighting Category Low Category High WEFIX % Rank Quintile
Real Estate
1.03% -0.15% 16.34% 2.19% 1
Utilities
0.00% -0.13% 5.57% 6.26% 2
Technology
0.00% -1.56% 17.65% 4.80% 1
Industrials
0.00% -0.38% 10.13% 4.70% 2
Healthcare
0.00% -0.69% 12.21% 4.18% 1
Financial Services
0.00% -0.51% 20.57% 7.20% 2
Energy
0.00% -0.88% 11.33% 5.11% 2
Communication Services
0.00% -0.15% 7.25% 3.97% 2
Consumer Defense
0.00% -0.34% 10.09% 4.18% 1
Consumer Cyclical
0.00% -0.36% 11.23% 4.80% 2
Basic Materials
0.00% -0.61% 11.87% 4.49% 2

Stock Geographic Breakdown

Weighting Category Low Category High WEFIX % Rank Quintile
US
1.03% -2.63% 89.45% 2.75% 1
Non US
0.00% -1.06% 96.81% 2.80% 1

Bond Sector Breakdown

Weighting Category Low Category High WEFIX % Rank Quintile
Corporate
42.09% 0.00% 221.70% 12.92% 2
Securitized
26.15% 0.00% 116.76% 16.28% 3
Government
20.77% -389.49% 503.27% 14.09% 3
Cash & Equivalents
7.05% -462.00% 275.92% 12.36% 2
Municipal
0.47% 0.00% 102.05% 11.44% 3
Derivative
0.00% -160.06% 38.63% 2.39% 1

Bond Geographic Breakdown

Weighting Category Low Category High WEFIX % Rank Quintile
US
86.98% -370.09% 500.82% 9.00% 2
Non US
0.76% -221.41% 351.70% 28.08% 5

WEFIX - Expenses

Operational Fees

WEFIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.62% 0.00% 42.51% 11.40% 2
Management Fee 0.40% 0.00% 2.15% 2.85% 2
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 23.00% 0.00% 1856.00% 16.18% 1

WEFIX - Distributions

Dividend Yield Analysis

WEFIX Category Low Category High WEFIX % Rank Quintile
Dividend Yield 0.2% 0.00% 1.30% 18.07% 3

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 2.00% -1.76% 13.35% 14.05% 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

21.09

Tenure Rank

0.4%

Carney has been a fixed income analyst and securities trader for Weitz & Co. since February, 1995. He has been a portfolio manager for the Predecessor Partnership since January, 1996. Carney was previously a municipal securities analyst with Smith Barney. Carney has a Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

28.2

Category Average

6.2

Category Mode

2.2