• Morningstar – The Long View Podcast – Mar. 25, 2020

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The Fund is non-diversified, meaning that it invests its assets in a smaller number of companies than many other funds. As a result, an investment in the Fund has the risk that changes in the value of a single security may have a significant effect, either negative or positive, on the Fund's net asset value per share.

Please click these links to see Sequoia Fund’s most recent Top 10 Holdings or Fact Sheet.