Longleaf Partners International Fund

Longleaf Partners International Fund

Top Holdings at 12/31/16

Holding Country Industry Percent
EXOR Netherlands Diversified Financial Services 8.9
LafargeHolcim Switzerland Construction Materials 8.2
CK Hutchison Hong Kong Industrial Conglomerates 7.0
Melco International Hong Kong Hotels, Restaurants & Leisure 6.7
Great Eagle Hong Kong Real Estate Management & Development 6.0
OCI Netherlands Chemicals 5.7
CEMEX (bond) Mexico Construction Materials 5.1
C&C Ireland Beverages 4.8
Cheung Kong Property Hong Kong Real Estate Management & Development 4.7
Yum China China Hotels, Restaurants & Leisure 4.5
Total 61.6

Portfolio Composition at 12/31/16

 Equities & Other 77.2
 Bonds 5.1
 Cash 17.7
   
Total 100.0%

Sector Composition at 12/31/16

 Materials 22.3
 Consumer Discretionary 14.8
 Real Estate 13.5
 Industrials 11.2
 Financials 8.9
 Consumer Staples 4.8
 Information Technology 4.3
 Health Care 2.5
 Cash 17.7
   
Total 100.0%

Country Composition at 12/31/16

 Hong Kong 27.2
 Netherlands 14.6
 Switzerland 10.9
 China 8.8
 Mexico 5.1
 Ireland 4.8
 Spain 4.2
 Singapore 2.6
 Germany 2.5
 Malaysia 1.0
 Brazil 0.6
 Cash 17.7
   
Total 100.0%

Primary Contributors to Return

10/1/16 to 12/31/16
Holding Percent
OCI 0.71
EXOR 0.44
Great Eagle 0.31

Primary Detractors to Return

10/1/16 to 12/31/16
Holding Percent
Cheung Kong Property -0.75
CK Hutchison -0.72
K. Wah -0.43

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.