Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
12.6%
1 yr return
26.4%
3 Yr Avg Return
4.5%
5 Yr Avg Return
11.8%
Net Assets
$927 M
Holdings in Top 10
45.9%
Expense Ratio 1.03%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
$2,500
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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 May 31, 2024, the market capitalization range for the Russell 1000 Index was approximately $351 million to $3,085 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.
Period | WVALX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.6% | 3.1% | 37.0% | 92.55% |
1 Yr | 26.4% | 7.0% | 64.2% | 79.85% |
3 Yr | 4.5%* | -6.6% | 15.3% | 90.47% |
5 Yr | 11.8%* | -0.9% | 110.5% | 79.86% |
10 Yr | 9.7%* | 2.6% | 52.4% | 86.90% |
* Annualized
Period | WVALX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 22.9% | -42.6% | 47.4% | 27.30% |
2022 | -32.1% | -56.3% | -4.2% | 95.16% |
2021 | 22.1% | -27.2% | 537.8% | 26.17% |
2020 | 7.9% | -22.5% | 2181.7% | 73.53% |
2019 | 27.8% | -13.5% | 40.4% | 23.59% |
Period | WVALX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.6% | 3.1% | 37.0% | 92.55% |
1 Yr | 26.4% | 7.0% | 64.2% | 79.85% |
3 Yr | 4.5%* | -6.6% | 15.3% | 90.47% |
5 Yr | 11.8%* | -0.9% | 110.5% | 79.86% |
10 Yr | 9.7%* | 2.6% | 52.4% | 86.90% |
* Annualized
Period | WVALX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 29.6% | -5.0% | 47.4% | 7.66% |
2022 | -22.8% | -36.8% | -2.2% | 93.52% |
2021 | 26.8% | 3.0% | 537.8% | 49.33% |
2020 | 18.4% | -15.8% | 2266.0% | 35.90% |
2019 | 34.1% | -0.4% | 241.3% | 5.26% |
WVALX | Category Low | Category High | WVALX % Rank | |
---|---|---|---|---|
Net Assets | 927 M | 2.34 M | 1.55 T | 58.16% |
Number of Holdings | 31 | 2 | 3963 | 94.39% |
Net Assets in Top 10 | 409 M | 1.07 M | 517 B | 55.40% |
Weighting of Top 10 | 45.92% | 0.3% | 112.9% | 15.01% |
Weighting | Return Low | Return High | WVALX % Rank | |
---|---|---|---|---|
Stocks | 98.90% | 0.00% | 105.85% | 52.88% |
Cash | 1.10% | 0.00% | 99.07% | 47.12% |
Preferred Stocks | 0.00% | 0.00% | 2.53% | 99.43% |
Other | 0.00% | -13.91% | 100.00% | 91.71% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 99.35% |
Bonds | 0.00% | 0.00% | 94.06% | 99.43% |
Weighting | Return Low | Return High | WVALX % Rank | |
---|---|---|---|---|
Financial Services | 22.65% | 0.00% | 55.59% | 5.29% |
Communication Services | 22.65% | 0.00% | 27.94% | 1.32% |
Technology | 18.54% | 0.00% | 48.94% | 82.71% |
Healthcare | 12.40% | 0.00% | 52.29% | 84.86% |
Consumer Cyclical | 9.03% | 0.00% | 30.33% | 73.37% |
Basic Materials | 6.53% | 0.00% | 25.70% | 7.03% |
Real Estate | 4.66% | 0.00% | 31.91% | 9.26% |
Industrials | 3.55% | 0.00% | 29.90% | 98.51% |
Utilities | 0.00% | 0.00% | 20.91% | 99.75% |
Energy | 0.00% | 0.00% | 41.64% | 99.92% |
Consumer Defense | 0.00% | 0.00% | 47.71% | 100.00% |
Weighting | Return Low | Return High | WVALX % Rank | |
---|---|---|---|---|
US | 96.48% | 0.00% | 105.85% | 75.22% |
Non US | 2.43% | 0.00% | 64.54% | 13.40% |
WVALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.03% | 0.01% | 19.75% | 33.28% |
Management Fee | 0.75% | 0.00% | 1.90% | 91.43% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.03% | 0.00% | 0.85% | 12.20% |
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 |
WVALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
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% | 268.00% | 29.61% |
WVALX | Category Low | Category High | WVALX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 25.47% | 99.92% |
WVALX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annual | SemiAnnual | Annual |
WVALX | Category Low | Category High | WVALX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.53% | -54.00% | 2.44% | 95.02% |
WVALX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 13, 2023 | $2.773 | CapitalGainLongTerm |
Dec 14, 2022 | $5.936 | CapitalGainLongTerm |
Dec 15, 2021 | $2.328 | OrdinaryDividend |
Dec 16, 2020 | $3.350 | CapitalGainLongTerm |
Jun 17, 2020 | $1.260 | CapitalGainLongTerm |
Dec 17, 2019 | $0.950 | CapitalGainLongTerm |
Jun 18, 2019 | $1.253 | CapitalGainLongTerm |
Dec 27, 2018 | $2.040 | CapitalGainLongTerm |
Jun 27, 2018 | $1.979 | CapitalGainLongTerm |
Dec 27, 2017 | $1.350 | CapitalGainLongTerm |
Jun 28, 2017 | $1.705 | CapitalGainLongTerm |
Dec 29, 2015 | $1.920 | CapitalGainLongTerm |
Jun 26, 2015 | $3.063 | CapitalGainLongTerm |
Dec 29, 2014 | $2.045 | CapitalGainLongTerm |
Jun 26, 2014 | $1.740 | CapitalGainLongTerm |
Jun 28, 2012 | $0.034 | OrdinaryDividend |
Jun 28, 2011 | $0.070 | OrdinaryDividend |
Jun 26, 2009 | $0.056 | OrdinaryDividend |
Jun 27, 2008 | $0.192 | OrdinaryDividend |
Dec 28, 2007 | $0.100 | OrdinaryDividend |
Dec 28, 2007 | $0.332 | CapitalGainShortTerm |
Dec 28, 2007 | $2.145 | CapitalGainLongTerm |
Jun 28, 2007 | $0.182 | OrdinaryDividend |
Jun 28, 2007 | $0.068 | CapitalGainShortTerm |
Jun 28, 2007 | $1.868 | CapitalGainLongTerm |
Dec 28, 2006 | $0.100 | OrdinaryDividend |
Dec 28, 2006 | $0.171 | CapitalGainShortTerm |
Dec 28, 2006 | $2.083 | CapitalGainLongTerm |
Jun 29, 2006 | $0.184 | OrdinaryDividend |
Jun 29, 2006 | $0.096 | CapitalGainShortTerm |
Jun 29, 2006 | $0.198 | CapitalGainLongTerm |
Dec 28, 2005 | $0.384 | CapitalGainShortTerm |
Dec 28, 2005 | $0.466 | CapitalGainLongTerm |
Jun 28, 2005 | $0.273 | OrdinaryDividend |
Jun 28, 2005 | $0.015 | CapitalGainLongTerm |
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.24 | 2.42 |
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