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Trending ETFs

Name

As of 04/15/2024

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

$25.68

$1.63 B

0.90%

$0.23

0.97%

Vitals

YTD Return

2.8%

1 yr return

19.4%

3 Yr Avg Return

-0.6%

5 Yr Avg Return

4.6%

Net Assets

$1.63 B

Holdings in Top 10

63.1%

52 WEEK LOW AND HIGH

$25.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.97%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 33.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000

IRA

$10,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/15/2024

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

$25.68

$1.63 B

0.90%

$0.23

0.97%

LLSCX - Profile

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return -0.6%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.61%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Longleaf Partners Funds Trust - Longleaf Partners Small Cap Fund
  • Fund Family Name
    Longleaf Partners
  • Inception Date
    Aug 10, 1994
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    O. Hawkins

Fund Description

The Fund seeks superior long-term performance by acquiring equity securities of a limited number of small-cap U.S. companies that we believe meet our qualitative and quantitative criteria:
  
Strong businesses that are understandable, financially sound, competitively entrenched, and will generate growing free cash flow; 
Good management partners who are capable operators, responsible capital allocators, trustworthy, and shareholder-oriented; and 
Good price that is typically 60% or less of our conservative appraisal determined through fundamental financial analysis using disciplines we’ve applied over 44 years. We believe purchasing equities at prices substantially less than their intrinsic worth establishes a margin of safety that should protect capital from significant permanent loss and provide the opportunity for substantial appreciation if the market recognizes the company’s value. 
We sell securities when they approach our appraisals, when we perceive a change in company fundamentals, a decline in attractiveness relative to other issues, or if the original reasons for purchase materially change. 
The Small-Cap Fund normally invests at least 80% of net assets plus any borrowings for investment purposes in the equity securities, including convertible securities, of a limited number of companies whose market capitalizations at the time of purchase are 
considered small cap. The Fund primarily owns 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). 
The Fund is “non-diversified,” which means that it may invest a significant portion of its assets in a relatively small number of issuers, and generally invests in 15 to 25 companies. 
Definition of Small-Cap    Currently, a company will be considered small cap if its market capitalization (including the market capitalization of businesses to which a tracking stock relates) at the time of purchase is within the range of companies in the Russell 2000 Index, the S&P Small-Cap 600 Index, or the Wilshire US Small-Cap Index during the most recent 12‑month period (based on month-end data). This capitalization range will change over time. Fund investments are not limited to companies in these indices, however, and there is no requirement to sell securities of a company if it subsequently exceeds the top of the capitalization range. 
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LLSCX - Performance

Return Ranking - Trailing

Period LLSCX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -10.6% 19.6% 31.32%
1 Yr 19.4% -3.5% 44.6% 14.56%
3 Yr -0.6%* -21.3% 16.4% 91.22%
5 Yr 4.6%* -1.1% 20.1% 95.34%
10 Yr 6.0%* 2.4% 13.1% 86.64%

* Annualized

Return Ranking - Calendar

Period LLSCX Return Category Return Low Category Return High Rank in Category (%)
2023 19.0% -12.9% 28.8% 8.29%
2022 -20.2% -52.6% 20.1% 58.50%
2021 10.3% -43.8% 32.4% 52.84%
2020 -1.7% -10.6% 82.1% 93.20%
2019 9.8% -8.5% 37.5% 92.48%

Total Return Ranking - Trailing

Period LLSCX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -10.6% 19.6% 31.32%
1 Yr 19.4% -3.5% 44.6% 14.56%
3 Yr -0.6%* -21.3% 16.4% 91.22%
5 Yr 4.6%* -1.1% 20.1% 95.34%
10 Yr 6.0%* 2.4% 13.1% 86.64%

* Annualized

Total Return Ranking - Calendar

Period LLSCX Return Category Return Low Category Return High Rank in Category (%)
2023 20.2% 1.2% 31.3% 13.81%
2022 -19.3% -45.7% 21.1% 83.84%
2021 11.2% -30.2% 52.8% 97.16%
2020 7.7% -8.4% 84.3% 86.39%
2019 19.7% 1.0% 43.4% 93.42%

NAV & Total Return History


LLSCX - Holdings

Concentration Analysis

LLSCX Category Low Category High LLSCX % Rank
Net Assets 1.63 B 728 K 160 B 21.68%
Number of Holdings 20 1 2609 98.92%
Net Assets in Top 10 745 M 155 K 11.7 B 8.94%
Weighting of Top 10 63.12% 3.4% 100.0% 2.45%

Top 10 Holdings

  1. Lumen Technologies Inc Ordinary Shares 12.20%
  2. Lumen Technologies Inc Ordinary Shares 10.89%
  3. Eastman Kodak Company 10.38%
  4. CNX Resources Corp 6.86%
  5. PotlatchDeltic Corp 6.68%
  6. Oscar Health Inc Class A 6.29%
  7. Realogy Holdings Corp 5.78%
  8. Empire State Realty Trust Inc Class A 5.71%
  9. Mattel Inc 5.44%
  10. Liberty Braves Group C 5.43%

Asset Allocation

Weighting Return Low Return High LLSCX % Rank
Stocks
89.55% 14.60% 104.46% 97.02%
Cash
5.63% 0.00% 30.96% 9.21%
Preferred Stocks
4.81% 0.00% 14.30% 1.36%
Other
0.00% -1.04% 23.02% 87.80%
Convertible Bonds
0.00% 0.00% 1.78% 89.16%
Bonds
0.00% 0.00% 62.14% 81.57%

Stock Sector Breakdown

Weighting Return Low Return High LLSCX % Rank
Communication Services
25.44% 0.00% 30.98% 1.36%
Financial Services
15.07% 0.00% 46.10% 34.78%
Real Estate
12.83% 0.00% 25.82% 2.99%
Consumer Defense
11.48% 0.00% 32.18% 6.79%
Healthcare
9.80% 0.00% 24.06% 54.62%
Consumer Cyclical
9.61% 2.49% 46.48% 72.28%
Energy
7.66% 0.00% 58.13% 19.29%
Technology
4.85% 0.00% 40.65% 96.47%
Basic Materials
3.24% 0.00% 16.35% 84.78%
Utilities
0.00% 0.00% 18.97% 97.83%
Industrials
0.00% 0.00% 45.89% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High LLSCX % Rank
US
79.44% 14.60% 104.46% 97.56%
Non US
10.11% 0.00% 19.95% 0.81%

LLSCX - Expenses

Operational Fees

LLSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.03% 35.91% 52.19%
Management Fee 0.80% 0.00% 1.50% 84.74%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.30% 52.83%

Sales Fees

LLSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

LLSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

LLSCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 33.00% 0.00% 304.00% 38.79%

LLSCX - Distributions

Dividend Yield Analysis

LLSCX Category Low Category High LLSCX % Rank
Dividend Yield 0.90% 0.00% 30.37% 54.47%

Dividend Distribution Analysis

LLSCX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annual Annual

Net Income Ratio Analysis

LLSCX Category Low Category High LLSCX % Rank
Net Income Ratio 0.61% -2.06% 3.38% 34.60%

Capital Gain Distribution Analysis

LLSCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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LLSCX - Fund Manager Analysis

Managers

O. Hawkins


Start Date

Tenure

Tenure Rank

Dec 31, 1989

32.44

32.4%

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. Cates


Start Date

Tenure

Tenure Rank

Dec 31, 1994

27.43

27.4%

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


Start Date

Tenure

Tenure Rank

May 01, 2014

8.09

8.1%

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 38.44 7.24 5.78