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Weitz Partners III Opportunity Fund on the Straight and Narrow

WPOPX invests with earnest management, offers legit returns


If you’re looking to invest in companies that rely on good management skills to grow assets rather than gimmicks, you may want to consider the Weitz Partners III Opportunity Fund (MUFT:WPOPX). While this IRA fund seeks long-term capital appreciation by investing in companies of any size and industry, its main criteria for investing is how well-managed, honest and competent the leaders of the companies are.

Here are the specifics for the Weitz Partners III Opportunity Fund for today’s mutual fund spotlight:

Investing Strategy: The fund likes to buy shares of a company that are trading at a significant discount to the market value. It also likes to hold those shares for three to five years. Currently, 85% of the fund’s assets are in stocks, and the remaining assets are held in cash.

Expense Ratio: The fund has a 1.80 expense ratio and $75 transaction fee, making it expensive. It has a Morningstar Rating of five stars.

Top 5 Holdings: The top stocks in the Weitz Partners III Opportunity Fund include online commerce and media holding company Liberty Media Corp., I Active Shares A (NASDAQ:LINTA) at 5.65%, pharmaceutical services company Omnicare, Inc. (NYSE:OCR) at 5.51%, global nonfiction media and entertainment company Discovery Communications, Inc. A (NASDAQ:DISCA) at 5.36%, diversified businesses holding company Berkshire Hathaway Inc. B (NYSE:BRK.B) at 5.18%, and small-cap trading exchange iShares Russell 2000 Index (NYSE:IWM) at 4.89%.

Returns: The Weitz Partners III Opportunity Fund’s 12-month return of about 29% beat the broader markets’ approximate 21% return over the same period. Its five-year return of about 26% also outperformed the Dow Jones Industrial Average’s approximate 13% return and the S&P 500’s approximate 6% return over the same period.

Other Fund Statistics

  • Total Assets: $508 million (as of 7/22/11)
  • Minimum Investment: $2,500
  • Fund manager: Wallace R. Weitz
  • Manager’s Tenure: Since December 2005

Article printed from InvestorPlace Media,

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