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Morningstar

Longleaf Partners LLPFX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 20.95  /  0.29 %
  • Total Assets 1.4 Bil
  • Adj. Expense Ratio
    0.790%
  • Expense Ratio 0.790%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Mid-Cap Value
  • Investment Style Mid Value
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 1.03%
  • Turnover 35%

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis LLPFX

Will LLPFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LLPFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the LLPFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of LLPFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Standout stock-picking has been absent here for many years.

Analyst

Summary

| by Paul Ruppe

Longleaf Partners' managers have never lacked the courage of their convictions, but they have struggled to execute their narrowly focused approach over the short and long run, warranting a Morningstar Analyst Rating of Neutral.

Unlock our full analysis with Morningstar Investor