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Trending ETFs

Name

As of 03/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Large Cap Equity Fund

WVALX | Fund

$55.08

$828 M

0.00%

$0.00

1.04%

Vitals

YTD Return

6.8%

1 yr return

34.9%

3 Yr Avg Return

7.9%

5 Yr Avg Return

13.5%

Net Assets

$828 M

Holdings in Top 10

46.8%

52 WEEK LOW AND HIGH

$55.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.04%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Large Cap Equity Fund

WVALX | Fund

$55.08

$828 M

0.00%

$0.00

1.04%

WVALX - Profile

Distributions

  • YTD Total Return 6.8%
  • 3 Yr Annualized Total Return 7.9%
  • 5 Yr Annualized Total Return 13.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.53%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    Large Cap Equity Fund
  • Fund Family Name
    WEITZFUNDS
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    10953989
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Bradley Hinton

Fund Description

The Fund’s investment strategy (which we call “Quality at a Discount”) is to buy above-average to highest-quality businesses, at prices that we believe are less than what the companies are worth. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of large-cap companies. The Fund considers large-cap companies to be those with market capitalizations that would be included in the Russell 1000 Index. As of April 28, 2023, the market capitalization range for the Russell 1000 Index was approximately $2.4 billion to $2,685 billion. The Fund may invest in securities issued by non-U.S. companies, which may be denominated in U.S. dollars or foreign currencies. As part of the Fund’s strategy, the Fund may concentrate its investments in securities of relatively few issuers.

We assess a company’s quality based on its competitive position, return on invested capital, ability to redeploy capital, cash flow consistency, financial leverage and management team. We compare the company’s stock price to our estimate of business value, i.e., all the cash that the company will generate for its owners in the future. For each company, we look at a range of business value estimates. We then seek to buy stocks of companies that meet our quality criteria when they are priced are at a discount to our estimates of business value.

We invest with a multiple-year time horizon. We believe that purchasing stocks at prices less than our business value estimates provides opportunities for stock price appreciation, both as business values grow and as the market recognizes companies’ values. Typically, we consider selling stocks as they approach or exceed our business value estimates. We may also sell stocks for other reasons, including for the purchase of stocks that we believe offer better investment opportunities.

We do not try to “time” the market. However, if there is cash available for investment and there are not securities that meet the Fund’s investment criteria, the Fund may invest without limitation in high-quality cash and cash equivalents such as U.S. government securities or government money market fund shares. If the Fund takes such a defensive position, it may be temporarily unable to achieve its investment objective.

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WVALX - Performance

Return Ranking - Trailing

Period WVALX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% 0.4% 17.9% 82.11%
1 Yr 34.9% 3.1% 55.0% 18.54%
3 Yr 7.9%* -9.6% 31.7% 74.57%
5 Yr 13.5%* -7.9% 109.6% 53.54%
10 Yr 9.6%* 0.4% 20.9% 86.37%

* Annualized

Return Ranking - Calendar

Period WVALX Return Category Return Low Category Return High Rank in Category (%)
2023 22.9% -42.6% 47.4% 27.05%
2022 -32.1% -56.3% -4.2% 94.97%
2021 22.1% -27.2% 53.7% 25.57%
2020 7.9% -36.2% 2181.7% 73.61%
2019 27.8% -22.7% 40.4% 23.23%

Total Return Ranking - Trailing

Period WVALX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% 0.4% 17.9% 82.11%
1 Yr 34.9% 3.1% 55.0% 18.54%
3 Yr 7.9%* -9.6% 31.7% 74.57%
5 Yr 13.5%* -7.9% 109.6% 53.54%
10 Yr 9.6%* 0.4% 20.9% 86.37%

* Annualized

Total Return Ranking - Calendar

Period WVALX Return Category Return Low Category Return High Rank in Category (%)
2023 29.6% -5.0% 47.4% 7.56%
2022 -22.8% -36.8% -2.2% 93.62%
2021 26.8% 3.0% 124.3% 48.62%
2020 18.4% -15.8% 2266.0% 35.33%
2019 34.1% -0.4% 241.3% 5.12%

NAV & Total Return History


WVALX - Holdings

Concentration Analysis

WVALX Category Low Category High WVALX % Rank
Net Assets 828 M 2.59 M 1.55 T 56.53%
Number of Holdings 32 1 4053 92.81%
Net Assets in Top 10 414 M 885 K 387 B 49.88%
Weighting of Top 10 46.80% 0.3% 112.0% 12.48%

Top 10 Holdings

  1. ALPHABET INC CLASS C 6.37%
  2. VISA INC CLASS A 5.00%
  3. BERKSHIRE HATHAWAY INC CLASS B 4.64%
  4. MATERCARD INC CLASS A 4.58%
  5. THERMO FISHER SCIENTIFIC INC 4.50%
  6. ANALOG DEVICES INC 4.49%
  7. META PLATFORMS INC 4.40%
  8. DANAHER CORP 4.38%
  9. VULCAN MATERIALS CO 4.23%
  10. COSTAR GROUP INC 4.20%

Asset Allocation

Weighting Return Low Return High WVALX % Rank
Stocks
97.84% 0.00% 124.03% 69.12%
Cash
1.69% 0.00% 99.06% 37.76%
Bonds
0.56% -0.50% 94.15% 4.07%
Preferred Stocks
0.00% 0.00% 2.38% 92.49%
Other
0.00% -13.91% 100.00% 85.93%
Convertible Bonds
0.00% 0.00% 5.54% 92.16%

Stock Sector Breakdown

Weighting Return Low Return High WVALX % Rank
Financial Services
22.65% 0.00% 55.59% 5.25%
Communication Services
22.65% 0.00% 27.94% 1.27%
Technology
18.54% 0.00% 48.94% 82.42%
Healthcare
12.40% 0.00% 60.70% 84.09%
Consumer Cyclical
9.03% 0.00% 30.33% 73.59%
Basic Materials
6.53% 0.00% 25.70% 6.76%
Real Estate
4.66% 0.00% 31.91% 8.99%
Industrials
3.55% 0.00% 29.90% 98.57%
Utilities
0.00% 0.00% 20.91% 99.28%
Energy
0.00% 0.00% 41.64% 99.20%
Consumer Defense
0.00% 0.00% 47.71% 99.76%

Stock Geographic Breakdown

Weighting Return Low Return High WVALX % Rank
US
97.84% 0.00% 124.03% 57.47%
Non US
0.00% 0.00% 62.81% 94.37%

Bond Sector Breakdown

Weighting Return Low Return High WVALX % Rank
Cash & Equivalents
1.69% 0.00% 100.00% 37.82%
Derivative
0.00% -7.59% 18.04% 83.87%
Securitized
0.00% 0.00% 52.16% 91.55%
Corporate
0.00% 0.00% 100.00% 92.95%
Municipal
0.00% 0.00% 2.10% 91.39%
Government
0.00% 0.00% 100.00% 92.12%

Bond Geographic Breakdown

Weighting Return Low Return High WVALX % Rank
US
0.56% -0.50% 93.78% 4.07%
Non US
0.00% 0.00% 11.16% 91.63%

WVALX - Expenses

Operational Fees

WVALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.04% 0.01% 16.07% 34.15%
Management Fee 0.75% 0.00% 1.89% 90.81%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.03% 0.00% 0.85% 11.14%

Sales Fees

WVALX 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 1.00% 5.00% N/A

Trading Fees

WVALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

WVALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 496.00% 29.61%

WVALX - Distributions

Dividend Yield Analysis

WVALX Category Low Category High WVALX % Rank
Dividend Yield 0.00% 0.00% 25.03% 99.69%

Dividend Distribution Analysis

WVALX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annual Monthly Annual

Net Income Ratio Analysis

WVALX Category Low Category High WVALX % Rank
Net Income Ratio -0.53% -54.00% 6.06% 94.97%

Capital Gain Distribution Analysis

WVALX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Distributions History

View More +

WVALX - Fund Manager Analysis

Managers

Bradley Hinton


Start Date

Tenure

Tenure Rank

Aug 01, 2006

15.84

15.8%

Co-Chief Investment Officer Portfolio Manager Conservative Allocation / Balanced Fund (Since October 2003) Multi-Cap Value / Partners Value Fund (Since August 2006) Large-Cap Value / Value Fund (Since August 2006) Investment industry experience since 1990 Brad Hinton joined Weitz Investment Management in 2001 as a research analyst. Mr. Hinton was promoted to portfolio manager in 2003, director of research in 2004 and co-CIO in 2017. Previously, he was a debt manager and trading associate for ConAgra Foods. Mr. Hinton has a bachelor's in finance from the University of Nebraska-Lincoln and an MBA from Dartmouth.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.21 2.42