The S&P
500 Index is an unmanaged, capitalization-weighted
index of the common stocks of 500 major US corporations.
The Dow Jones Industrial Average is an unmanaged,
price-weighted index of 30 actively traded blue
chip stocks.
The performance
data shown represents past performance and assumes
reinvestment of dividends. Past performance does
not guarantee future results. The investment return
and principal value of an investment in the Fund
will fluctuate so that an investor's shares, when
redeemed, may be worth more or less than their
original cost. Current performance may be lower
or higher than the performance data quoted.
As reflected
in the current prospectus, the Fund's Annual
Fund Operating Expenses for 2008 were 1.04%.
Ruane, Cunniff & Goldfarb, the Fund's investment
adviser, has agreed to reimburse a portion of
the Fund's operating expenses. This reimbursement
is a provision of Ruane, Cunniff & Goldfarb's
investment advisory agreement with the Fund
and will be in effect only so long as that investment
advisory agreement is in effect.
Year
to date performance as of the most recent
month end can be obtained by calling DST Systems,
Inc. at (800) 686-6884.
SEQUOIA FUND, INC.
| 767 Fifth Avenue | New York, New York 10153
Please consider the
investment objectives, risks and charges and expenses of the Fund carefully
before investing. The Fund's prospectus contains this and other information
about the Fund. You may obtain a copy of the prospectus by clicking
here or by calling 1-800-686-6884. Please read the prospectus carefully
before investing.
Shares of the Fund are offered through the Fund’s distributor, Ruane,
Cunniff & Goldfarb LLC. Ruane, Cunniff & Goldfarb LLC is an affiliate
of Ruane, Cunniff & Goldfarb Inc. and is a member of FINRA. An investment
in the Fund is not a deposit of a bank and is not insured or guaranteed
by the Federal Deposit Insurance Corporation or any other government agency.
The Fund may be offered only to persons in the United States and by way
of a prospectus. This website should not be considered a solicitation or
offering of any product or service to investors residing outside of the
United States.