Weitz Investment Management, INC.

Weitz Investment Management's fees depend on the services provided and the type of client. Fees are generally negotiated on a case-by-case basis. Weitz manages investments for funds and separate accounts. The fees for each are different and are listed below:

Funds:

• Conservative Allocation: 0.60% of the fund's value
• Core Plus Income: 0.40% of the fund's value
• Large Cap Equity: 0.75% on the first $5 billion, 0.70% on anything over that
• Multi Cap Equity: 0.75% on the first $5 billion, 0.70% on anything over that
• Nebraska Tax Free Income: 0.40% of the fund's value
• Partners III Opportunity: 1.00% on the first $1 billion, 0.95% on the next $1 billion, 0.90% on the next $1 billion, 0.85% on the next $2 billion, and 0.80% on anything over $5 billion
• Short Duration Income: 0.40% of the fund's value
• Ultra Short Government: 0.30% of the fund's value
• Weitz Core Plus Bond ETF: 0.40% of the fund's value
• Weitz Multisector Bond ETF: 0.50% of the fund's value

Separate Accounts:

Fees are negotiated with the client on a case-by-case basis. The minimum investment required to open separate accounts is as follows:

• Conservative Allocation: $35 million minimum
• Core Plus Income: $25 million minimum
• Large Cap Equity: $10 million minimum
• Moderate Allocation: $25 million minimum
• Multi Cap Alternative: $25 million minimum
• Multi-Cap Equity: $10 million minimum
• Short Duration Income: $25 million minimum