LLSCX : LONGLEAF PARTNERS SMALL-CAP FUND

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ZACKS RANK: 1 - STRONG BUY

Ticker: LLSCX
Manager: O. Mason Hawkins
Manager Since: 12/89
NAV (07/30/2014): 35.47
Objective: Small Cap Value
Peer: SC SV
Net Assets ($mil): 4126.63
Inception: 02/21/1989
LLSCX : Description

The fund was incepted in December 1988 and is managed by Southeastern Asset Management, Inc. The fund seeks long-term capital growth. The fund normally invests in a limited number of companies whose market capitalizations at the time of purchase are within the range of companies in the Russell 2000 Index, the S&P Small-Cap 600 Index, or the Wilshire Small-Cap 1750 Index. These companies are believed to be significantly undervalued. The fund may invest up to 30% of its assets in foreign securities and 15% of its assets in non-registered or illiquid securities. Dividends and capital gains are distributed annually.

LLSCX : Composition - 07/14
Stocks 62.65%
Foreign Stocks 4.77%
Cash 37.17%
Bonds 0.00%
Foreign Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.18%
Foreign Hedged 0.00%
Composition Horizontal Bar Chart
LLSCX : Style Analysis - 07/14
Large Growth 0.00%
Large Value 23.20%
Small Growth 15.52%
Small Value 0.00%
Foreign Stock 0.00%
Emerging Market 10.22%
Precious Metals 0.00%
Intermediate Bond 17.13%
High Yield Bond 0.00%
Foreign Bond 0.00%
Style Analysis Horizontal Bar Chart
LLSCX : Risk Analysis
Beta v. S&P 500 0.50
Beta v. EAFE 0.31
Beta v. Barclays Agg Bond -0.93
Alpha 3 Yr 0.95
Alpha 5 Yr 4.18
R-Sq 3 Yr 0.75
R-Sq 5 Yr 0.75
Std Dev 3 Yr 13.15
Std Dev 5 Yr 15.77
Sharpe 3 Yr 1.30
Sharpe 5 Yr 1.59
LLSCX : Fees
Expense Ratio 0.91
% Max Load NA
% Min Load NA
% Deferred Load NA
% Redemption NA
% Max 12 B1 Fee 0.00
% Max Mgt Fee 0.77
LLSCX : Purchase Choices:
Min Initial Investment 10000
Min Subsequent Investment 0
LLSCX : Returns Analysis - Annual

Line chart

  2004200520062007200820092010201120122013YTD
NAV ($) 29.8527.0230.1227.0414.5821.7726.5225.2328.8832.4635.47
Total Return (%) 14.7810.7422.332.81-43.9049.3122.321.7822.9630.449.24
Annual Dividend Yield (%) 1.241.691.630.610.820.000.390.030.090.000.00
Relative Performance
Rel Performance-S&P500(%) 39.1158.5865.42-26.84-68.96228.9372.57-3.1269.75-19.3321.27
Rel Performance-Obj.Ret.(%) -9.0343.7692.441.40-59.73165.75-25.4960.2987.86-59.4860.32
Ret.Quintile vs Obj(1 is best) 42135151151
Turnover, Yields, and Gains
Fund Assets Net($mil) 2,6742,8133,4473,5361,8042,5013,0573,0383,3854,1274,127
Annual Turnover (%) 29.0817.2834.4528.2822.6112.9316.6737.3314.7020.410.00
Annual Dividend Paid ($) 0.420.570.550.200.130.000.110.010.030.000.00
Annual Capital Gains Paid($) 2.705.272.333.960.440.000.001.772.024.960.00
LLSCX : Returns Analysis - Trailing Total Return
  1 Month 3 Month 6 Month YTD 1 Year 3 Year 5 Year 10 Year 15 Year 20 Year
Total Return (through 07/14) 2.96% 3.86% 9.24% 9.24% 24.00% 16.19% 23.78% 10.76% 10.59% 13.22%
Ret. Percentile vs. Obj. (1 is best) 95 16 1 1 41 15 5 6 18 6
LLSCX : Stock Portfolio Snapshot - 07/14
Average Price/Earnings 25.27
Average Price/Book 4.62
Average EPS Growth -13.49
Average Market Value 5,197.00
LLSCX : Stock Sector Breakout - 07/14
Stock Sector Breakout
LLSCX : Top Holdings - 07/14
Name Weight Shares
TEXAS INDUSTRIES INC 15.66 7,510,757
LEVEL 3 COMMUNICATIONS INC 7.89 8,662,900
GRAHAM HOLDINGS COMPANY 7.01 428,000
EVEREST RE GROUP 5.16 1,449,600
SCRIPPS NETWORKS INTER CL A 3.62 2,052,600
VAIL RESORTS INC 4.02 2,477,000
TW TELECOM INC 3.91 5,382,000
FAIRFAX FINANCIAL HOLDINGS 3.70 366,000
EMPIRE STATE REALTY TRUST IN 4.31 12,270,850