OGN - The Sound Shore Fund Q1 2024 Letter To Shareholders

2024-04-24 07:15:00 ET

Summary

• Sound Shore Fund, Inc. is registered as a diversified, open-end management investment company. The investment objective of the Fund is growth of capital.
• The Sound Shore Fund Investor Class and Institutional Class advanced 17.05% and 17.10%, respectively, in the first quarter of 2024.
• The Fund’s portfolio return was driven by 12 holdings from seven different sectors that were each up 20% or more for the period.
• We are repeatedly tasked with understanding changes within industries and identifying individual companies that are best able to react and take advantage of an evolving landscape.

Dear Investor:

The Sound Shore Fund Investor Class ( SSHFX ) and Institutional Class ( SSHVX ) advanced 17.05% and 17.10%, respectively, in the first quarter of 2024, well ahead of the Russell 1000 Value Index (Russell Value) which advanced 8.99%. The three year annualized advances for SSHFX of 10.96% and for SSHVX of 11.18% were also ahead of the Russell Value's 8.11%. As long-term investors, we highlight that Sound Shore's 35 year annualized returns of 10.32% and 10.61%, for SSHFX and SSHVX, respectively, as of March 31, 2024, were ahead of the Russell Value at 9.98%....

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