Fund returns include reinvested dividends and distributions, but do not reflect the eduction 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. Historic numbers include periods in which the Funds used currency hedging as an investment strategy. Beginning in the third quarter 2009, and following a transition period ending by 6/30/10, hedging as an investment strategy ended. 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 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.
