Fund returns include reinvested
dividends and distributions, but do not reflect the deduction of taxes that a shareholder would pay on Fund
distributions or the redemption of Fund shares. The performance stated may have been due to extraordinary market conditions, which may not be duplicated in the future. Returns of the
unmanaged and unhedged MSCI EAFE Index include reinvested dividends and distributions. Longleaf may use currency hedging as an investment strategy. Current performance may be lower or higher than the performance quoted.
Please call 1-800-445-9469 or click here for current monthly performance or here for the Prospectus.Before investing, please read the
the Prospectus carefully to learn about
the investment objectives, risks, charges and expenses of the Longleaf Partners Funds. Past performance
is no guarantee of future results, fund prices fluctuate, and the value of an investment at redemption may be worth more or less
than the purchase price. The Longleaf Partners Funds are not for offer or sale
outside the United States.