Longleaf Partners Fund (LLPFX)
Performance at 12/31/13
|Fund||Inception†||20 Yr||10 Yr||5 Yr||3 Yr||1 Yr||YTD||4Q||1 Mo|
|S&P 500 Index||1063.85||483.53||104.30||128.19||56.82||32.39||32.39||10.51||2.53|
|Average Annual Returns||Total Return|
|S&P 500 Index||9.61||9.22||7.41||17.94||16.18||32.39||32.39||10.51||2.53|
Outperformance History over Quarterly Rolling Periods at 12/31/13
Southeastern's disciplined, patient investment approach has produced consistent long-term outperformance through multiple economic cycles and world crises. The chart shows that the longer the holding period, the more often the Fund beat the benchmark, including 100% of the time for 15 and 20 year rolling periods.
Percent of Periods Fund Outperformed S&P 500 Index1
Calendar Year Total Returns
The inception date is 4/8/87. During the inception year, the S&P 500 Index was available only at month-end; therefore the S&P 500 value at 3/31/87 was used to calculate performance since inception.
Number of observations for each period were the following: 1 Year – 103 observations, 5 Year – 87 observations, 10 Year – 67 observations, 15 Year – 47 observations, 20 Year – 27 observations
Fund returns include reinvested dividends and distributions, but do not reflect the reduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Returns of the unmanaged and unhedged S&P 500 Index include reinvested dividends and distributions. Prior to 2010 the Fund used currency hedging as an investment strategy. Current performance may be lower or higher than the performance quoted. The Prospectus and Summary Prospectus should be read carefully before investing 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 risks associated with an investment in the Longleaf Partners Fund are detailed on page 2 of the Prospectus. These risks include stock market risk, investment selection risk, corporate ownership risk, non-diversification risk, non-US investment risk, and derivatives risk.
S&P 500® is a trademark of The McGraw-Hill Companies, Inc.