DEO - Weitz Conservative Allocation Fund Q1 2024 Commentary

2024-04-26 06:20:00 ET

Summary

• The Conservative Allocation Fund's Institutional Class returned +4.22% for the first quarter compared to +2.52% for the Morningstar Moderately Conservative Target Risk Index.
• The stock market rally powered ahead in the first quarter, adding an exclamation point to the Fund's strong one-year results.
• We modestly trimmed several of the Fund's biggest winners, including all five stocks on the one-year contributor leaderboard.

The Conservative Allocation Fund's Institutional Class returned +4.22% for the first quarter compared to +2.52% for the Morningstar Moderately Conservative Target Risk Index. For the one-year period ended March 31, 2024, the Fund's Institutional Class returned +12.32% compared to +9.42% for the index....

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