Fund Evaluator:
Weitz Conservative Allocation-Inv Cl (WBALX)
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Best Performing in Moderately Conservative Allocation Over the Last Year
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Fund Details
Weitz Conservative Allocation-Inv Cl Overview
Weitz Conservative Allocation-Inv Cl (WBALX) is an actively managed Allocation Moderately Conservative Allocation fund. Weitz launched the fund in 2003.
The investment seeks long-term capital appreciation, capital preservation and current income. The fund invests primarily in a portfolio of equity and debt securities. It normally invests at least 25% of its total assets in equity securities, such as common stocks and a variety of securities convertible into common stock such as rights, warrants and convertible preferred stock. The fund will invest at least 25% of its total assets in investment-grade debt securities. The fund may invest in the equity securities of issuers of all sizes.
About Weitz Conservative Allocation-Inv Cl (WBALX)
There are 2 members of the management team with an average tenure of 13.93 years: Nolan Anderson (2021), Bradley Hinton (2003). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Weitz Conservative Allocation-Inv Cl has 176 securities in its portfolio. The top 10 holdings constitute 23.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Weitz Conservative Allocation-Inv Cl is part of the Allocation global asset class and is within the Allocation fund group. Weitz Conservative Allocation-Inv Cl has 0.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 43.9%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 53.9% (53.3% domestic bond, 0.6% foreign bond and 0.0% convertible bond). Weitz Conservative Allocation-Inv Cl has 2.2% of the portfolio in cash.
Assets Under Management
The fund has $28 million in total assets, which is below the $561 million average for the Moderately Conservative Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
WBALX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Weitz Conservative Allocation-Inv Cl expense ratio is high compared to funds in the Moderately Conservative Allocation category. Weitz Conservative Allocation-Inv Cl has an expense ratio of 0.85%, which is 16% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Weitz Conservative Allocation-Inv Cl has a portfolio turnover rate of 18%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 43% for the Moderately Conservative Allocation category.
Recently, in the month of July 2026, Weitz Conservative Allocation-Inv Cl returned 1.6%, which earned it a grade of A, as the Moderately Conservative Allocation category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Weitz Conservative Allocation-Inv Cl has a trailing yield of 2.04%, which is below the 3.29% category average. The fund normally distributes its income semi-annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Weitz Conservative Allocation-Inv Cl Grades
Year to date, the fund has returned 1.7%, 3.0 percentage points worse than the category, which translates into a grade of F. The fund has returned 4.3% over the past year (grade of F), 5.0% over the past three years (grade of F) and 2.8% per year over the past five years (grade of F) and 5.8% per year over the past 10 years (grade of C).
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WBALX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| WBALX Return (NAV) | 1.6% | 2.4% | 4.3% | 5.0% | 2.8% | 5.8% |
| WBALX Grade | A | A | F | F | F | C |
| +/- Category | 1.9% | 1.2% | -6.1% | -4.4% | -1.8% | -0.2% |
| Moderately Conservative Allocation Avg | -0.3% | 1.2% | 10.4% | 9.4% | 4.6% | 6.0% |
| WBALX Tax Cost Ratio | na | na | 1.9% | 1.4% | 1.1% | 1.1% |
WBALX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WBALX Return (NAV) | 1.7% | 3.7% | 6.8% | 10.3% | -9.9% | 13.1% | 8.1% | 17.9% | -1.8% | 11.1% | 4.1% |
| WBALX Grade | F | F | D | C | B | A | C | A | A | B | F |
| +/- Category | -3.0% | -7.7% | -1.5% | 0.3% | 1.9% | 3.1% | 0.1% | 2.3% | 2.5% | 1.3% | -4.4% |
| Moderately Conservative Allocation Avg | 4.8% | 11.5% | 8.3% | 10.0% | -11.8% | 10.0% | 8.1% | 15.6% | -4.3% | 9.8% | 8.5% |
| Risk Measures | |
| Standard Deviation: | 5.8% |
| Total Risk Index: | 0.47 - Below Average |
| Category Risk Index: | 0.79 - Low |
| Category Risk Grade: | A (5% Rank) |
| Beta: | 0.52 |
| R-Squared: | 73% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 2.0% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $162 Mil |
| Fund Total Assets: | $ 29 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 18% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 22.9 years | |||
| Average Tenure: 13.9 years | |||
| Managers (Year): Hinton Bradley (2003), Anderson Nolan (2021) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 176 |
| % in Top 10 Holdings: | 23.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.6% |
Portfolio Allocation |
|
| Domestic Stock: | 43.9% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 53.3% |
| Foreign Bond: | 0.6% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.2% |
Purchase Information
| Fund Family: | Weitz |
| Phone Number: | 888-859-0698 |
| Website: | www.weitzfunds.com |
| Status: | Open |
| Inception Date: | October 1, 2003 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.85% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.01% |
| Share Class: | Weitz Conservative Allocation-Inv Cl |
| Min. Subsequent Purchase: | $ 25 |
| Min. Subsequent IRA Purchase: | $ 0 |
