Longleaf Partners International Fund

Longleaf Partners International Fund

Top Holdings at 3/31/18

Holding Country Industry Percent
EXOR Netherlands Diversified Financial Services 8.3
LafargeHolcim Switzerland Construction Materials 7.2
Hikma Pharmaceuticals United Kingdom Pharmaceuticals 6.6
CK Hutchison Hong Kong Industrial Conglomerates 6.3
Fairfax Financial Canada Insurance 5.9
OCI Netherlands Chemicals 5.7
CK Asset Holdings Hong Kong Real Estate Management & Development 5.2
Ferrovial Spain Construction & Engineering 4.6
Great Eagle Hong Kong Real Estate Management & Development 4.6
Melco International Hong Kong Hotels, Restaurants & Leisure 4.5
Total 58.9

Portfolio Composition at 3/31/18

 Equities & Other 84.7
 Bonds 1.9
 Cash 13.4
   
Total 100.0%

Sector Composition at 3/31/18

 Industrials 16.6
 Materials 14.8
 Financials 14.2
 Consumer Discretionary 11.1
 Real Estate 9.8
 Health Care 6.6
 Consumer Staples 6.4
 Information Technology 4.3
 Telecommunication Services 2.8
 Cash 13.4
   
Total 100.0%

Country Composition at 3/31/18

 Hong Kong 20.6
 Netherlands 14.0
 United Kingdom 10.1
 Switzerland 7.2
 Canada 5.9
 Japan 4.8
 Spain 4.6
 China 4.3
 Mexico 4.0
 Denmark 3.8
 Ireland 3.5
 Sweden 2.8
 Malaysia 1.0
 Brazil 0.0
 Cash 13.4
   
Total 100.0%

Primary Contributors to Return

1/1/18 to 3/31/18
Holding Percent
EXOR 1.49
Hikma Pharmaceuticals 0.69
AIN Holdings Inc. 0.62

Primary Detractors to Return

1/1/18 to 3/31/18
Holding Percent
OCI -0.46
Ferrovial -0.34
CK Hutchison -0.32

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.