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The Value Fund reached the halfway point of 2025, down -3.6% net of fees and expenses. (1) The US dollar weakened significantly and has been a drag of over -5.0% year-to-date (YTD). Here’s where the major North American market indices stand YTD: S&P500 ( SP500 ), (SPX) +0.6%; DJIA -1.0%, S&P/TSX +10.2%. (2)...