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LLPFX Longleaf Partners

  • Fund
  • LLPFX
  • Price as of: May 22, 2019
  • $19.27 - $0.20 - 1.03%
  • Category
  • Large Cap Blend Equities

LLPFX - Profile

Vitals

  • YTD Return 5.0%
  • 3 Yr Annualized Return -5.1%
  • 5 Yr Annualized Return -11.3%
  • Net Assets $2.14 B
  • Holdings in Top 10 61.3%

52 WEEK LOW AND HIGH

$19.27
$17.97
$28.48

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.97%

SALES FEES

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

BROKERAGE FEES

  • Turnover 37.00%

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 Value

Distributions

  • YTD Total Return 6.1%
  • 3 Yr Annualized Total Return 4.9%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.59%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 O. Mason Hawkins

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 (%)
YTD 5.0% -14.1% 31.7% 90.21%
1 Yr -29.3% -61.3% 33.4% 97.98%
3 Yr -5.1%* -31.9% 21.1% 93.56%
5 Yr -11.3%* -23.5% 12.0% 98.18%
10 Yr 0.3%* -6.2% 19.0% 96.14%

* Annualized


Return Ranking - Calendar

Period LLPFX Return Category Return Low Category Return High Rank in Category (%)
2018 -31.6% -67.0% 16.7% 96.45%
2017 5.8% -32.8% 34.8% 80.49%
2016 18.2% -28.0% 20.8% 0.92%
2015 -31.3% -46.9% 5.7% 98.66%
2014 -7.4% -31.3% 53.8% 92.17%

Total Return Ranking - Trailing

Period LLPFX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% -14.1% 31.7% 90.21%
1 Yr -14.2% -61.3% 34.2% 87.26%
3 Yr 4.9%* -29.3% 21.6% 70.99%
5 Yr -0.1%* -19.4% 13.9% 83.23%
10 Yr 8.9%* -4.0% 23.7% 72.85%

* Annualized


Total Return Ranking - Calendar

Period LLPFX Return Category Return Low Category Return High Rank in Category (%)
2018 -17.9% -67.0% 17.4% 78.22%
2017 15.6% -22.1% 34.8% 64.43%
2016 20.7% -14.7% 21.8% 0.31%
2015 -18.9% -40.3% 7.0% 99.08%
2014 4.9% -24.8% 56.3% 74.65%

NAV & Total Return History

LLPFX - Holdings

Concentration Analysis

LLPFX Category Low Category High LLPFX % Rank
Net Assets 2.14 B 1.88 M 804 B 31.02%
Number of Holdings 18 7 3615 94.98%
Net Assets in Top 10 1.27 B -57.2 M 135 B 16.77%
Weighting of Top 10 61.26% 2.4% 936.4% 12.55%

Top 10 Holdings

  1. CenturyLink Inc 8.14%

  2. General Electric Co 7.66%

  3. CK Hutchison Holdings Ltd 7.43%

  4. FedEx Corp 6.55%

  5. Mattel Inc 6.24%

  6. CNX Resources Corp 5.51%

  7. Affiliated Managers Group Inc 5.04%

  8. LafargeHolcim Ltd 4.93%

  9. Park Hotels & Resorts Inc 4.92%

  10. United Technologies Corp 4.84%


Asset Allocation

Weighting Return Low Return High LLPFX % Rank
Stocks
93.93% -6.79% 687.17% 82.23%
Cash
6.07% -187.97% 80.44% 11.35%
Preferred Stocks
0.00% -0.37% 6.87% 36.45%
Other
0.00% -4.04% 22.06% 40.26%
Convertible Bonds
0.00% 0.00% 6.54% 32.93%
Bonds
0.00% -595.81% 186.14% 40.86%

Stock Sector Breakdown

Weighting Return Low Return High LLPFX % Rank
Industrials
31.28% 0.00% 77.42% 0.60%
Communication Services
12.24% -0.65% 14.58% 0.70%
Consumer Cyclical
10.99% -0.92% 33.07% 58.85%
Financial Services
9.83% 0.00% 187.22% 86.22%
Real Estate
9.68% -1.87% 13.40% 1.41%
Energy
5.51% -1.65% 306.37% 33.40%
Basic Materials
4.93% 0.00% 90.41% 11.87%
Healthcare
4.79% 0.00% 47.60% 91.15%
Technology
4.69% -67.56% 52.42% 93.56%
Utilities
0.00% -1.30% 19.90% 84.71%
Consumer Defense
0.00% 0.00% 64.11% 97.59%

Stock Geographic Breakdown

Weighting Return Low Return High LLPFX % Rank
US
72.02% -6.79% 223.50% 83.53%
Non US
21.91% 0.00% 463.67% 10.14%

LLPFX - Expenses

Operational Fees

LLPFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.00% 153.75% 52.53%
Management Fee 0.78% 0.00% 1.50% 83.73%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.00% 0.85% 44.16%

Sales Fees

LLPFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

LLPFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.15% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 37.00% 0.00% 836.00% 49.39%

LLPFX - Distributions

Dividend Yield Analysis

LLPFX Category Low Category High LLPFX % Rank
Dividend Yield 0.02% 0.00% 0.10% 4.22%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

LLPFX Category Low Category High LLPFX % Rank
Net Income Ratio 1.59% -1.49% 3.64% 18.18%

Capital Gain Distribution Analysis

LLPFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

LLPFX - Managers

O. Mason Hawkins

Manager

Start Date

Tenure

Tenure Rank

Apr 08, 1987

32.08

32.1%

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.


G. Staley Cates

Manager

Start Date

Tenure

Tenure Rank

Apr 01, 1994

25.1

25.1%

Cates, Vice Chairman, 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.


Ross Glotzbach

Manager

Start Date

Tenure

Tenure Rank

Jul 10, 2017

1.81

1.8%

Ross Glotzbach is President and Head of Research and Deputy Director of Research for Southeastern Asset Management, Inc since 2014.


Tenure Analysis

Category Low

0.0

Category High

83.5

Category Average

6.99

Category Mode

3.62