Longleaf Partners Mutual Funds: Funds Detail: International Fund

As of 6/30/10
NKSJ Holdings	Japanese non-life insurance	12.0%
Fairfax Financial Holdings	property/casualty insurance	8.8%
Cheung Kong	ports, real estate, & telecom	8.0%
Accor	corporate services & hotels	7.6%
ACS Actividades	construction, infrastructure, & energy	6.9%
Genting Berhad	casino operator	6.1%
Willis Group	insurance broker	4.5%
Yum! Brands	franchisor/owner- Taco Bell, KFC, Pizza Hut	4.5%
Seven Bank	ATM network and services	4.4%
Carrefour	global retailer	4.4%
Total		67.2%
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As of 8/31/10
Equities	97.3%
Cash & Other	2.4%
Bonds	(0.3)%
Total	100%

As of 6/30/10
Energy	3.8%
Materials	4.4%
Industrials	11.3%
Consumer Discretionary	21.6%
Consumer Staples	7.3%
Health Care	4.2%
Financials	38.3%
Information Technology	6.9%
Telecomm Service	2.2%
Utilities	0.0%
Miscellaneous	0.0%
Total	100%

As of 6/30/10
Japan	27.8%
France	12.3%
Canada	8.9%
United States	8.8%
Hong Kong	8.2%
Spain	7.1%
Malaysia	6.2%
United Kingdom	5.0%
Ireland	4.6%
Mexico	4.4%
Germany	4.1%
China	2.6%
Total	100%

Top 3 Contributors for Quarter Ended 6/30/10
Genting Berhad
Yum! Brands
Benesse

Bottom 3 Contributors for Quarter Ended 6/30/10
NKSJ Holdings
Hochtief
ACS Actividades

The holdings identified above do not represent all of the securities purchased, sold, or recommended for the Longleaf Partners International Fund or advisory clients of Southeastern Asset Management, Inc. A discussion of the methodology used to choose the holdings shown, along with a list showing every holding’s contribution to the Fund’s overall performance, can be obtained by calling 1-800-761-2474.

Please call 1-800-445-9469 or click here to view current monthly performance, or click here for a current copy of the Prospectus and Summary Prospectus, both of which should be read carefully before investing to learn about the investment objectives, risks, charges and expenses of the Longleaf Partners Funds. Discussion of particular investments should not be viewed as a recommendation to buy or sell any security.