Weitz Conservative Allocation Fund – Investor Class (WBALX)

Overview

The fund described focuses on investing primarily in U.S. government debt obligations, showcasing a conservative investment strategy that prioritizes assets guaranteed or issued by the U.S. government, along with its agencies and instrumentalities. It aims to leverage the security and stability associated with government-backed securities, making it an attractive option for investors seeking lower-risk investments. The fund's strategy of dedicating at least 80% of its net assets, in addition to any borrowed funds for investment purposes, towards these secure financial instruments indicates a strong commitment to investing within a framework designed to provide safety and predictability. Furthermore, the use of repurchase agreements on such securities allows the fund to potentially enhance its returns while maintaining a focus on U.S. government obligations.

Products and Services

• Debt Obligations Issued or Guaranteed by the U.S. Government

This forms the core of the fund's investment strategy, encompassing a broad range of securities backed by the full faith and credit of the United States. These may include treasury bonds, bills, and notes, among others, that offer guaranteed returns, thereby presenting a secure investment option for the fund’s portfolio.

• Repurchase Agreements on U.S. Government Securities

Through engaging in repurchase agreements involving U.S. government securities, the fund aims to enhance its liquidity and potentially secure additional returns. Repurchase agreements are essentially short-term loans that involve the sale of securities with an agreement to repurchase them at a pre-determined price, thus offering a low-risk tool to increase the fund's asset value.

• Investment in Unrated Securities

While the fund predominantly invests in rated securities, it also considers unrated securities if deemed of investment-grade quality by the adviser. This flexibility allows for the exploration of potentially undervalued assets that meet the fund’s stringent investment criteria, offering a balance between risk and reward.

• Government Money Market Funds and Exchange Traded Funds (ETFs)

In addition to direct investments, the fund may allocate assets to government money market funds or ETFs that primarily invest in U.S. government securities. This strategy enables diversification and access to a broader array of government-backed assets, further spreading risk and potentially enhancing the fund’s return profile.