PROSPECTUS

An updated prospectus will be available by May 1 of the current calendar year. More detailed information about the Sequoia Fund is available in the statement of additional information (SAI) at the bottom of this page.

May 1st, 2014 Prospectus | PDF

XBRL Data

The XBRL file is not the Fund's complete prospectus. XBRL is an interactive data format and is provided in addition to the Fund's prospectus as linked to this page. An XBRL file is not viewable without a viewer tool. A viewer tool is available on the SEC website at www.sec.gov. You can download an XBRL zip file and view it on the SEC website or use the data for analysis with any compatible comparison tool.

May 1st, 2014 Risk and Return | XBRL

Statement of Additional Information

This Statement of Additional Information (“SAI”) is not a prospectus and is only authorized for distribution when preceded or accompanied by the Fund’s Prospectus dated May 1, 2014 (the “Prospectus”). This SAI contains additional and more detailed information than that set forth in the Prospectus and should be read in conjunction with the Prospectus. The Fund’s financial statements for the fiscal year ended December 31, 2013, included in the Fund’s Annual Report to Shareholders, are incorporated into this SAI by reference.

May 1st, 2014 Statement of Additional Information | PDF

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  Sequoia Fund Privacy Policy | Terms of Use
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.