Weitz Short Duration Income Fund (WEFIX)
Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in debt securities. These debt securities may include U.S. government securities (including agency securities, and securities issued by government-sponsored enterprises such as Fannie Mae and Freddie Mac, including their mortgage-backed securities), corporate debt securities, other mortgage-backed securities, asset-backed securities and securities issued by foreign governments, which may include sovereign debt.
Fund Info
| ISIN | US94904P3029 |
|---|---|
| CUSIP | 94904P302 |
| Issuer | Weitz |
| Inception Date | Dec 23, 1988 |
| Category | Short-Term Bond |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
WEFIX features an expense ratio of 0.48%, falling within the medium range.
Share Price Chart
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Popular comparisons: WEFIX vs. FCNVX, WEFIX vs. FTHRX, WEFIX vs. FTBFX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Weitz Short Duration Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Weitz Short Duration Income Fund had a return of 5.26% year-to-date (YTD) and 6.74% in the last 12 months. Over the past 10 years, Weitz Short Duration Income Fund had an annualized return of 2.19%, while the S&P 500 had an annualized return of 11.39%, indicating that Weitz Short Duration Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.26% | 25.48% |
| 1 month | 0.06% | 2.14% |
| 6 months | 3.20% | 12.76% |
| 1 year | 6.74% | 33.14% |
| 5 years (annualized) | 2.50% | 13.96% |
| 10 years (annualized) | 2.19% | 11.39% |
Monthly Returns
The table below presents the monthly returns of WEFIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.60% | 0.05% | 0.54% | -0.11% | 1.16% | 0.63% | 1.08% | 0.77% | 0.78% | -0.27% | 5.26% | ||
| 2023 | 1.06% | -0.21% | 0.82% | 0.60% | -0.13% | 0.17% | 0.53% | 0.33% | 0.19% | 0.03% | 1.23% | 1.15% | 5.92% |
| 2022 | -0.41% | -0.41% | -0.96% | -0.67% | 0.00% | -0.64% | 0.68% | -0.42% | -1.05% | -0.17% | 0.95% | 0.30% | -2.79% |
| 2021 | 0.40% | 0.24% | 0.02% | 0.32% | 0.08% | 0.09% | 0.16% | 0.08% | -0.12% | -0.16% | 0.00% | -0.25% | 0.87% |
| 2020 | 0.65% | 0.57% | -3.33% | 1.42% | 1.32% | 0.97% | 0.49% | 0.24% | 0.20% | 0.08% | 0.32% | 0.27% | 3.17% |
| 2019 | 0.58% | 0.16% | 0.78% | 0.16% | 0.57% | 0.59% | 0.08% | 0.65% | 0.05% | 0.24% | 0.08% | 0.19% | 4.23% |
| 2018 | -0.33% | -0.16% | 0.21% | -0.08% | 0.41% | 0.13% | 0.08% | 0.41% | -0.14% | 0.00% | 0.33% | 0.46% | 1.34% |
| 2017 | 0.24% | 0.32% | 0.05% | 0.33% | 0.24% | 0.02% | 0.24% | 0.24% | -0.06% | -0.08% | -0.16% | 0.14% | 1.54% |
| 2016 | -0.00% | 0.41% | 0.92% | 0.65% | 0.32% | 0.70% | 0.24% | 0.16% | 0.13% | -0.08% | -0.56% | -0.11% | 2.81% |
| 2015 | 0.72% | -0.16% | 0.19% | 0.08% | -0.08% | -0.44% | 0.16% | -0.32% | 0.27% | 0.00% | -0.00% | -0.51% | -0.09% |
| 2014 | 0.40% | 0.32% | -0.16% | 0.48% | 0.16% | 0.18% | -0.24% | 0.32% | -0.42% | 0.56% | 0.24% | -0.22% | 1.63% |
| 2013 | 0.40% | 0.32% | 0.39% | 0.24% | -0.71% | -0.78% | 0.24% | 0.08% | 0.71% | 0.08% | 0.16% | -0.01% | 1.11% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of WEFIX is 95, placing it in the top 5% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Weitz Short Duration Income Fund (WEFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Weitz Short Duration Income Fund provided a 4.72% dividend yield over the last twelve months, with an annual payout of $0.56 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.45 | $0.29 | $0.21 | $0.29 | $0.31 | $0.29 | $0.26 | $0.26 | $0.25 | $0.24 | $0.24 |
Dividend yield | 4.72% | 3.75% | 2.47% | 1.70% | 2.38% | 2.49% | 2.41% | 2.11% | 2.13% | 2.05% | 1.95% | 1.91% |
Monthly Dividends
The table displays the monthly dividend distributions for Weitz Short Duration Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.05 | $0.04 | $0.05 | $0.10 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.00 | $0.52 | |
| 2023 | $0.00 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.45 |
| 2022 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.12 | $0.29 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.21 |
| 2020 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.29 |
| 2019 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.31 |
| 2018 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.29 |
| 2017 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.26 |
| 2016 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.26 |
| 2015 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.25 |
| 2014 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.24 |
| 2013 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Weitz Short Duration Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Weitz Short Duration Income Fund was 5.98%, occurring on Mar 25, 2020. Recovery took 70 trading sessions.
The current Weitz Short Duration Income Fund drawdown is 0.43%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.98% | Mar 9, 2020 | 13 | Mar 25, 2020 | 70 | Jul 6, 2020 | 83 |
| -4.9% | Sep 15, 2021 | 278 | Oct 20, 2022 | 237 | Oct 2, 2023 | 515 |
| -4.73% | Apr 10, 2008 | 140 | Oct 28, 2008 | 49 | Jan 8, 2009 | 189 |
| -2.44% | Nov 8, 2001 | 27 | Dec 17, 2001 | 185 | Sep 13, 2002 | 212 |
| -2.27% | Apr 11, 2000 | 27 | May 18, 2000 | 13 | Jun 7, 2000 | 40 |
Volatility
Volatility Chart
The current Weitz Short Duration Income Fund volatility is 0.58%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.