Fund Evaluator:
Weitz Short Duration Income Investor (WSHNX)
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Best Performing in Short-Term Bond Over the Last Year
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Fund Details
Weitz Short Duration Income Investor Overview
Weitz Short Duration Income Investor (WSHNX) is an actively managed Taxable Bond Short-Term Bond fund. Weitz launched the fund in 2011.
The investment seeks current income consistent with the preservation of capital. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in debt securities and related derivative instruments. The fund may invest up to 15% of its total assets in debt securities which are unrated or non-investment grade (commonly referred to as “high yield” or “junk bonds”).
About Weitz Short Duration Income Investor (WSHNX)
There are 2 members of the management team with an average tenure of 19.68 years: Nolan Anderson (2017), Thomas Carney (1996). 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 Short Duration Income Investor has 432 securities in its portfolio. The top 10 holdings constitute 14.3% 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 Short Duration Income Investor is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Weitz Short Duration Income Investor has 4.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. 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 94.4% (90.0% domestic bond, 4.4% foreign bond and 0.0% convertible bond). Weitz Short Duration Income Investor has 5.6% of the portfolio in cash.
Assets Under Management
The fund has $30 million in total assets, which is below the $893 million average for the Short-Term Bond 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.
WSHNX 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 Short Duration Income Investor expense ratio is above average compared to funds in the Short-Term Bond category. Weitz Short Duration Income Investor has an expense ratio of 0.62%, which is 6% 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 Short Duration Income Investor has a portfolio turnover rate of 41%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 134% for the Short-Term Bond category.
Recently, in the month of June 2026, Weitz Short Duration Income Investor returned 0.2%, which earned it a grade of A, as the Short-Term Bond category had an average return of 0.1%. 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 Short Duration Income Investor has a trailing yield of 4.35%, which is above the 4.15% category average. The fund normally distributes its income monthly 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 Short Duration Income Investor Grades
Year to date, the fund has returned 1.4%, 0.5 percentage points better than the category, which translates into a grade of A. The fund has returned 3.8% over the past year (grade of B), 5.3% over the past three years (grade of B) and 3.1% per year over the past five years (grade of A) and 2.6% per year over the past 10 years (grade of B).
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WSHNX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| WSHNX Return (NAV) | 0.2% | 0.9% | 3.8% | 5.3% | 3.1% | 2.6% |
| WSHNX Grade | A | B | B | B | A | B |
| +/- Category | 0.1% | 0.1% | 0.3% | 0.1% | 0.8% | 0.3% |
| Short-Term Bond Avg | 0.1% | 0.8% | 3.5% | 5.2% | 2.3% | 2.3% |
| WSHNX Tax Cost Ratio | na | na | 1.7% | 1.8% | 1.5% | 1.2% |
WSHNX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WSHNX Return (NAV) | 1.4% | 5.5% | 5.6% | 6.3% | -2.9% | 1.0% | 3.3% | 4.0% | 1.1% | 1.3% | 2.9% |
| WSHNX Grade | A | D | B | B | A | A | D | D | B | D | B |
| +/- Category | 0.5% | -0.4% | 0.6% | 0.7% | 2.2% | 1.0% | -0.9% | -0.7% | 0.4% | -0.5% | 0.4% |
| Short-Term Bond Avg | 0.9% | 5.9% | 4.9% | 5.6% | -5.0% | -0.0% | 4.2% | 4.8% | 0.7% | 1.8% | 2.5% |
| Risk Measures | |
| Standard Deviation: | 1.3% |
| Total Risk Index: | 0.10 - Low |
| Category Risk Index: | 0.64 - Low |
| Category Risk Grade: | A (2% Rank) |
| Beta: | 0.20 |
| R-Squared: | 84% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 4.4% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1551 Mil |
| Fund Total Assets: | $ 31 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 41% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 30.4 years | |||
| Average Tenure: 19.7 years | |||
| Managers (Year): Carney Thomas (1996), Anderson Nolan (2017) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 432 |
| % in Top 10 Holdings: | 14.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.4% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 90.0% |
| Foreign Bond: | 4.4% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 5.6% |
Purchase Information
| Fund Family: | Weitz |
| Phone Number: | 888-859-0698 |
| Website: | www.weitzfunds.com |
| Status: | Open |
| Inception Date: | August 1, 2011 |
| 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 (%): | 0.62% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.66% |
| Share Class: | Weitz Short Duration Income Instl |
| Min. Subsequent Purchase: | $ 25 |
| Min. Subsequent IRA Purchase: | $ 0 |
