Longleaf Partners Global Fund

Longleaf Partners Global Fund

Top Holdings at 12/31/16

Holding Country Industry Percent
Level 3 Communications United States Diversified Telecommunication Services 9.3
FedEx United States Air Freight & Logistics 6.6
LafargeHolcim Switzerland Construction Materials 6.3
Melco International Hong Kong Hotels, Restaurants & Leisure 6.0
Wynn Resorts United States Hotels, Restaurants & Leisure 5.8
CK Hutchison Hong Kong Industrial Conglomerates 5.4
EXOR Netherlands Diversified Financial Services 4.9
Yum China China Hotels, Restaurants & Leisure 4.9
United Technologies United States Aerospace & Defense 4.5
OCI Netherlands Chemicals 4.3
Total 58.0

Portfolio Composition at 12/31/16

 Equities & Other 89.2
 Bonds 0.0
 Cash 10.8
   
Total 100.0%

Sector Composition at 12/31/16

 Industrials 22.7
 Consumer Discretionary 19.8
 Materials 10.6
 Telecommunication Services 9.3
 Real Estate 9.0
 Financials 7.3
 Energy 6.5
 Information Technology 4.0
 Cash 10.8
   
Total 100.0%

Country Composition at 12/31/16

 United States 39.1
 Hong Kong 20.4
 Netherlands 12.3
 Switzerland 6.3
 China 4.9
 Spain 3.1
 Malaysia 1.7
 Singapore 1.4
 Cash 10.8
   
Total 100.0%

Primary Contributors to Return

10/1/16 to 12/31/16
Holding Percent
Level 3 Communications 1.51
Chesapeake Energy 0.81
OCI 0.75

Primary Detractors to Return

10/1/16 to 12/31/16
Holding Percent
Cheung Kong Property -0.84
CK Hutchison -0.77
Wynn Resorts -0.72

View current month-end performance Returns reflect reinvested capital gains and dividends but not the deduction of taxes an investor would pay on distributions or share redemptions. The performance data quoted represents past performance and is no guarantee of future results. The return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the past performance quoted.

Before investing in any Longleaf Partners fund, you should carefully consider the Fund’s investment objectives, risks, charges, and expenses. The Prospectus and Summary Prospectus contain this and other important information. Please read the Prospectus and Summary Prospectus carefully before investing.

The above holdings do not represent all of the securities purchased, sold, or recommended for the Fund. Discussion of particular investments is not a recommendation to buy or sell any security and holdings are subject to change.

The information above contains links to sites not controlled or maintained by Longleaf or Southeastern. The links do not imply any endorsement or verification of the information on those websites.