WEFIX: Weitz Short Duration Income Instl

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WEFIX Weitz Short Duration Income Instl


Profile

WEFIX - Profile

Vitals

  • YTD Return 0.7%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $805 M
  • Holdings in Top 10 20.4%

52 WEEK LOW AND HIGH

$12.37
$12.14
$12.38

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.63%

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 N/A

Fund Classification


Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 2.37%
DIVIDENDS
  • Dividend Yield 0.6%
  • 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 Carney

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Categories

Performance

WEFIX - Performance

Return Ranking - Trailing

Period WEFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -1.4% 6.6% 75.35%
1 Yr 1.6% -1.4% 86.3% 88.31%
3 Yr 0.1%* -2.6% 23.0% 91.34%
5 Yr -0.2%* -14.5% 12.5% 85.87%
10 Yr 0.1%* -8.5% 6.7% 74.51%

* Annualized

Return Ranking - Calendar

Period WEFIX Return Category Return Low Category Return High Rank in Category (%)
2019 1.7% -1.7% 83.9% 88.51%
2018 -1.1% -11.7% 4.6% 16.70%
2017 -0.6% -4.4% 8.3% 93.58%
2016 0.7% -58.1% 7.7% 26.42%
2015 -2.1% -18.3% 3.0% 69.70%

Total Return Ranking - Trailing

Period WEFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -1.4% 6.6% 75.35%
1 Yr 1.6% -1.4% 86.3% 88.31%
3 Yr 0.1%* -2.6% 23.0% 93.04%
5 Yr -0.2%* -14.5% 12.5% 89.11%
10 Yr 0.1%* -8.5% 7.1% 82.94%

* Annualized

Total Return Ranking - Calendar

Period WEFIX Return Category Return Low Category Return High Rank in Category (%)
2019 1.7% -1.7% 83.9% 88.69%
2018 -1.1% -11.7% 6.5% 23.75%
2017 -0.6% -4.4% 10.4% 94.61%
2016 0.7% -58.1% 10.7% 33.29%
2015 -2.1% -14.6% 4.2% 76.59%

NAV & Total Return History


Holdings

WEFIX - Holdings

Concentration Analysis

WEFIX Category Low Category High WEFIX % Rank
Net Assets 805 M 690 K 259 B 45.13%
Number of Holdings 253 1 17590 54.41%
Net Assets in Top 10 165 M -216 M 23.5 B 43.08%
Weighting of Top 10 20.43% 2.3% 144.8% 51.68%

Top 10 Holdings

  1. United States Treasury Notes 1.5% 3.08%
  2. United States Treasury Notes 2% 2.35%
  3. United States Treasury Notes 2% 2.12%
  4. United States Treasury Notes 2% 1.88%
  5. United States Treasury Notes 2.75% 1.87%
  6. United States Treasury Notes 2.12% 1.86%
  7. United States Treasury Notes 1.62% 1.85%
  8. United States Treasury Notes 1.12% 1.84%
  9. United States Treasury Notes 1.12% 1.84%
  10. U.S. Bancorp 2.35% 1.74%

Asset Allocation

Weighting Return Low Return High WEFIX % Rank
Bonds
93.45% 80.02% 160.64% 83.01%
Cash
3.52% -60.64% 19.63% 32.94%
Convertible Bonds
2.44% 0.00% 6.13% 5.02%
Stocks
0.58% -0.98% 26.05% 1.65%
Preferred Stocks
0.00% 0.00% 7.43% 86.56%
Other
0.00% -8.60% 31.85% 84.95%

Stock Sector Breakdown

Weighting Return Low Return High WEFIX % Rank
Real Estate
100.00% 0.00% 100.00% 1.33%
Utilities
0.00% 0.00% 100.00% 83.78%
Technology
0.00% 0.00% 100.00% 82.18%
Industrials
0.00% 0.00% 100.00% 84.31%
Healthcare
0.00% 0.00% 37.50% 84.04%
Financial Services
0.00% 0.00% 100.00% 84.04%
Energy
0.00% 0.00% 100.00% 92.55%
Communication Services
0.00% 0.00% 100.00% 84.57%
Consumer Defense
0.00% 0.00% 26.01% 82.45%
Consumer Cyclical
0.00% 0.00% 100.00% 84.31%
Basic Materials
0.00% 0.00% 100.00% 82.18%

Stock Geographic Breakdown

Weighting Return Low Return High WEFIX % Rank
US
0.58% -1.58% 16.58% 1.61%
Non US
0.00% 0.00% 9.62% 84.98%

Bond Sector Breakdown

Weighting Return Low Return High WEFIX % Rank
Securitized
50.38% 0.00% 98.40% 7.96%
Government
24.98% -2.21% 122.41% 26.59%
Corporate
20.94% 0.00% 99.29% 40.72%
Cash & Equivalents
3.54% -29.57% 21.18% 36.31%
Municipal
0.16% 0.00% 100.11% 73.15%
Derivative
0.00% -0.83% 20.88% 86.45%

Bond Geographic Breakdown

Weighting Return Low Return High WEFIX % Rank
US
91.90% 58.28% 160.64% 53.84%
Non US
1.55% -12.34% 26.76% 62.44%

Expenses

WEFIX - Expenses

Operational Fees

WEFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.63% 0.01% 4.78% 65.93%
Management Fee 0.40% 0.00% 1.10% 56.37%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.24% 0.00% 0.50% 95.24%

Sales Fees

WEFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

WEFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

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 Return Low Category Return High Rank in Category (%)
Turnover 23.00% 0.00% 1434.00% 32.07%

Distributions

WEFIX - Distributions

Dividend Yield Analysis

WEFIX Category Low Category High WEFIX % Rank
Dividend Yield 0.61% 0.00% 3.49% 24.67%

Dividend Distribution Analysis

WEFIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Monthly Monthly Monthly

Net Income Ratio Analysis

WEFIX Category Low Category High WEFIX % Rank
Net Income Ratio 2.37% 0.00% 6.30% 62.89%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

WEFIX - Fund Manager Analysis

Managers

Thomas Carney


Start Date

Tenure

Tenure Rank

Jan 31, 1996

24.02

24.0%

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 Anderson


Start Date

Tenure

Tenure Rank

Jul 31, 2017

2.5

2.5%

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 Category High Category Average Category Mode
0.02 33.19 7.45 0.08