Weitz Partners III Opportunity Fund (WPOPX)
The fundâs investment strategy is to buy above-average to highest-quality businesses, at prices that the advisor believes are less than what the companies are worth. The fund is a "multi-cap" fund and may invest in securities of any market capitalization. It invests in long positions in stocks and other securities, when the managers anticipate that the value of such securities will increase. The fund also invests in short positions in stocks and other securities, including short sales of exchange traded funds, when the managers anticipate a decline in the value of such securities.
Fund Info
ISIN | US94904P7087 |
---|---|
CUSIP | 94904P708 |
Issuer | Weitz |
Inception Date | Dec 29, 2005 |
Category | Long-Short |
Min. Investment | $1,000,000 |
Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
WPOPX has a high expense ratio of 1.43%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: WPOPX vs. RPXIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Weitz Partners III Opportunity 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 Partners III Opportunity Fund had a return of 12.15% year-to-date (YTD) and 14.01% in the last 12 months. Over the past 10 years, Weitz Partners III Opportunity Fund had an annualized return of 5.40%, while the S&P 500 had an annualized return of 10.87%, indicating that Weitz Partners III Opportunity Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 12.15% | 18.10% |
1 month | 3.41% | 1.42% |
6 months | 5.97% | 10.08% |
1 year | 14.01% | 26.58% |
5 years (annualized) | 5.01% | 13.42% |
10 years (annualized) | 5.40% | 10.87% |
Monthly Returns
The table below presents the monthly returns of WPOPX, 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 | 2.38% | 3.37% | 2.25% | -5.46% | 0.88% | 1.75% | 5.08% | 2.08% | 12.15% | ||||
2023 | 8.45% | -3.65% | -1.38% | 2.53% | -0.77% | 6.18% | 2.99% | 0.86% | -4.28% | -4.22% | 6.53% | 4.00% | 17.47% |
2022 | -1.48% | -4.38% | 0.75% | -7.73% | 2.06% | -8.50% | 7.01% | -5.30% | -11.27% | 4.90% | 6.93% | -6.09% | -22.53% |
2021 | -1.29% | 5.50% | 3.04% | 3.61% | 0.12% | 0.17% | 1.68% | 1.14% | -2.82% | 0.87% | -3.62% | 3.89% | 12.55% |
2020 | 0.94% | -4.08% | -13.41% | 7.45% | 3.05% | 0.62% | 3.65% | 5.83% | -1.92% | -1.63% | 8.43% | 2.12% | 9.45% |
2019 | 11.70% | 0.98% | 5.92% | 4.01% | -5.63% | 5.69% | 7.64% | -0.60% | -3.78% | 3.05% | 1.69% | 0.37% | 34.24% |
2018 | 5.61% | -3.54% | -0.07% | -2.65% | 1.96% | 1.63% | 2.52% | 2.10% | -0.07% | -6.12% | 0.95% | -6.94% | -5.26% |
2017 | 4.40% | 0.47% | 0.33% | 1.73% | -2.15% | 1.10% | 4.02% | -0.59% | -1.32% | -2.54% | -0.96% | 1.12% | 5.48% |
2016 | -4.90% | 2.15% | 5.12% | 1.00% | -0.78% | -1.65% | 4.13% | -0.42% | 0.36% | -1.35% | 3.16% | -0.28% | 6.29% |
2015 | -2.59% | 7.67% | -0.52% | -0.35% | 0.06% | -3.28% | 0.78% | -3.28% | -5.26% | 2.67% | -1.03% | -1.76% | -7.23% |
2014 | -1.53% | 3.42% | -0.60% | 0.06% | 1.39% | 0.97% | -2.04% | 1.35% | -1.63% | 1.84% | 2.59% | -1.19% | 4.54% |
2013 | 6.91% | 1.11% | 5.29% | 0.21% | 4.04% | -0.07% | 3.50% | -0.52% | 2.48% | 1.59% | 2.76% | 1.68% | 32.81% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of WPOPX is 22, indicating that it is in the bottom 22% 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 Partners III Opportunity Fund (WPOPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Weitz Partners III Opportunity Fund granted a 6.20% dividend yield in the last twelve months. The annual payout for that period amounted to $0.85 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.85 | $0.85 | $0.94 | $1.84 | $1.93 | $1.04 | $1.02 | $0.67 | $0.19 | $1.84 | $0.50 | $0.37 |
Dividend yield | 6.20% | 6.95% | 8.47% | 11.86% | 12.50% | 6.51% | 7.99% | 4.65% | 1.35% | 13.50% | 3.02% | 2.28% |
Monthly Dividends
The table displays the monthly dividend distributions for Weitz Partners III Opportunity 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.85 | $0.85 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.94 | $0.94 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.84 | $1.84 |
2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.74 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.19 | $1.93 |
2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.85 | $1.04 |
2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.92 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $1.02 |
2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.67 |
2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 |
2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.31 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $1.84 |
2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.50 |
2013 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.37 |
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 Partners III Opportunity 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 Partners III Opportunity Fund was 55.70%, occurring on Nov 20, 2008. Recovery took 515 trading sessions.
The current Weitz Partners III Opportunity Fund drawdown is 0.44%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-55.7% | Jun 5, 2007 | 370 | Nov 20, 2008 | 515 | Dec 8, 2010 | 885 |
-28.73% | Nov 15, 2021 | 245 | Nov 3, 2022 | 456 | Aug 29, 2024 | 701 |
-28.4% | Feb 21, 2020 | 22 | Mar 23, 2020 | 163 | Nov 11, 2020 | 185 |
-21.05% | Apr 16, 2015 | 209 | Feb 11, 2016 | 362 | Jul 20, 2017 | 571 |
-18.13% | Jul 8, 2011 | 61 | Oct 3, 2011 | 83 | Feb 1, 2012 | 144 |
Volatility
Volatility Chart
The current Weitz Partners III Opportunity Fund volatility is 2.55%, 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.