GoodHaven Fund (GOODX)

Overview

The fund described is an investment vehicle that specializes in a concentrated portfolio of equity securities. This approach is guided by fundamental research conducted by the Advisor, aimed at identifying total returns that are considered higher than what is currently warranted by the market. In its strategy, the fund is not limited to equities alone but also incorporates fixed-income securities to capitalize on these identified opportunities. This inclusion is not restricted by the traditional parameters of coupon, duration, maturity, or the credit rating of the issuer, allowing for a broader spectrum of investment options. Additionally, the fund possesses the flexibility to invest in companies of any market capitalization, offering a wide range of investment opportunities. A significant portion of the fund's assets can be allocated to foreign securities, including a notable focus on emerging markets, up to 50% of its net assets. Despite its broad investment horizon, the fund is classified as non-diversified, indicating a potentially higher concentration of investments in fewer securities which might involve increased risks as well as opportunities for higher returns.

Products and Services

• Equity Securities Investments

This product focuses on investing in a select portfolio of equity securities, chosen based on the Advisor's fundamental research. The goal is to identify stocks that are believed to offer higher total returns than what is currently recognized by the market. This strategy allows investors to potentially benefit from the growth and profitability of these selected companies.

• Fixed-Income Securities Investments

Next to equity investments, the fund strategically includes fixed-income securities. These investments are selected not based on traditional metrics like coupon, duration, or maturity, but rather through a fundamental analysis to identify undervalued opportunities. This diversification offers a balance, aiming to benefit from the steady income characteristics of bonds while still seeking higher total returns.

• Foreign Securities Investments

The fund allocates a considerable portion of its assets, up to 100%, to foreign securities, expanding its investment universe beyond domestic markets. This includes up to 50% of its net assets in emerging market securities, which may offer higher growth potential albeit with increased volatility and risk. This strategy aims to exploit global opportunities that align with the fund's investment criteria for elevated returns.

• Investments in Companies of Any Size Market Capitalization

This aspect of the fund's strategy allows for investment in companies across the spectrum of market capitalization. This approach provides the flexibility to invest in small, medium, and large-cap companies, offering a wide range of growth and value investing opportunities across various industries and sectors.