TRRVF - The GoodHaven Fund 2023 Annual Letter To Shareholders
2024-02-21 05:15:00 ET
Summary
- We are value investors focusing our efforts on making a few intelligent business decisions for our shareholders and ourselves in order to earn competitive long-term returns when compared to low-risk alternatives and broad market indexes.
- The GoodHaven Fund was up 20.25% versus the S&P 500’s rise of 13.84%.
- Our biggest purchase in the period (by far) was a material increase in our existing holding in Bank of America.
- Our biggest dollar gainer in the period by far was our long-time holding in Builders FirstSource.
| PERFORMANCE as of November |
| 30, 2023 |
| 2 Year |
| 3 Year |
| 5 Years |
| 10 Years |
| Since Incept. 1 |
| 1 Year |
| Annualized |
| Annualized |
| Annualized |
| Annualized |
| Annualized |
| Ended |
| as of |
| as of |
| as of |
| as of |
| as of |
| 11/30/2023 |
| 11/30/2023 |
| 11/30/2023 |
| 11/30/2023 |
| 11/30/2023 |
| 11/30/2023 |
| GOODX |
| 20.25% |
| 7.99% |
| 16.16% |
| 12.35% |
| 4.91% |
| 6.89% |
| S&P 500 Index 2 |
| 13.84% |
| 1.65% |
| 9.76% |
| 12.51% |
| 11.82% |
| 12.43% |
| FT Wilshire 5000 Full Cap Index |
| 10.85% |
| -2.13% |
| 5.91% |
| 9.58% |
| 8.87% |
| 9.58% |
| CS Hedge Fund Index 3 |
| 5.20% |
| 3.06% |
| 6.06% |
| 5.72% |
| 3.92% |
| 3.96% |