Longleaf Partners International Fund

Longleaf Partners International Fund

Top Holdings at 6/30/17

Holding Country Industry Percent
EXOR Netherlands Diversified Financial Services 7.9
LafargeHolcim Switzerland Construction Materials 7.4
CK Hutchison Hong Kong Industrial Conglomerates 6.5
OCI Netherlands Chemicals 6.0
Melco International Hong Kong Hotels, Restaurants & Leisure 5.0
Cheung Kong Property Hong Kong Real Estate Management & Development 5.0
Fairfax Financial Canada Insurance 5.0
Great Eagle Hong Kong Real Estate Management & Development 4.6
Yum China China Hotels, Restaurants & Leisure 4.4
Baidu China Internet Software & Services 3.9
Total 55.7

Portfolio Composition at 6/30/17

 Equities & Other 69.0
 Bonds 2.1
 Cash 28.9
   
Total 100.0%

Sector Composition at 6/30/17

 Materials 15.8
 Financials 12.9
 Real Estate 11.0
 Industrials 10.8
 Consumer Discretionary 10.5
 Information Technology 3.9
 Consumer Staples 3.8
 Telecommunication Services 2.4
 Cash 28.9
   
Total 100.0%

Country Composition at 6/30/17

 Hong Kong 22.5
 Netherlands 13.9
 China 8.3
 Switzerland 7.4
 Canada 5.0
 Spain 4.3
 Ireland 3.8
 Sweden 2.4
 Mexico 2.1
 Malaysia 0.9
 Brazil 0.3
 United Kingdom 0.2
 Cash 28.9
   
Total 100.0%

Primary Contributors to Return

4/1/17 to 6/30/17
Holding Percent
Melco International 2.83
Yum China 2.17
Cheung Kong Property 0.87

Primary Detractors to Return

4/1/17 to 6/30/17
Holding Percent
Fairfax Financial -0.21
K. Wah International -0.12
C&C -0.11

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.