Opportunity comes to the prepared mind.

Charlie Munger

At GoodHaven, we believe successful value investing is owning quality businesses run by exceptional leadership that can be purchased at a price significantly below intrinsic value.
Our Investment Philosophy

Morningstar Rating

GOODX as of 9/30/2024

Total # of Funds: 375 (Mid-Cap Value)

The GoodHaven Fund's overall Morningstar Rating is derived from a weighted average of the fund's three-, five- and ten-year (if applicable) Morningstar Ratings metrics which are based on risk-adjusted return performance. Past performance does not guarantee future results.

Recent Perspectives

  • Curious about where GoodHaven is making investments globally? Watch Larry on Bloomberg Radio to hear what’s on his mind! – October 8, 2024

  • GoodHaven 2.0 Rebounds – May 31, 2024

  • This Manager Sees a Margin of Safety in Stocks Such as KKR and EXOR

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Performance

Performance as of 06/30/2024
YTD 1 Yr 3 Yr 5 Yr* 10 Yr Annualized Since Inception
GOODX 10.60% 38.15% 17.30% 16.26% 6.34% 8.04%
S&P 500 10.56% 29.88% 11.49% 15.05% 12.96% 13.35%
Learn More: Download Fact Sheet Read Shareholder Letter

Performance data quoted represents past performance which is no guarantee of future results. Investment returns and principal values may fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. All returns assume reinvestment of all dividend and capital gain distributions. Current performance of the fund may be lower or higher than the performance quoted. Total Annual Fund Operating Expenses 1.10%. Performance data current to the most recent month end may be obtained by calling 1-855-654-6639.

* Larry Pitkowksy was appointed Sole Managing Partner of GoodHaven Capital Management, and Chairman of the Board and Trustee of the GoodHaven Funds Trust as of December 2019.

Recent Communications

Beginning July 2024, a new U.S. Securities and Exchange Commission (SEC) rule requires that all mutual funds and exchange-traded funds (ETFs) create summary versions of their annual and semiannual reports. These summary reports—called Tailored Shareholder Reports (TSRs) will replace the full shareholder reports going forward.

  • 2024 Form N-PORT Schedule as of August 31, 2024
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  • 2024 Semi-Annual Letter to Shareholders as of May 31, 2024
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  • 2024 Semi-Annual Tailored Shareholder Report (TSR) as of May 31, 2024
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GoodHaven has a track record of delivering attractive returns through a repeatable investment process and investing in quality businesses.

Concentrated Portfolio
Focus in the highest conviction ideas with a private equity investment holding period, generally greater than 2-3 years.

Undervalued Businesses
Focus on owning high quality companies that are trading at significant discounts to intrinsic value, with a bias towards businesses with growth tailwinds and competitive advantages.

Fundamental Research
Deep research focus in each portfolio company and the industry with an owner’s mentality approach.

Opportunistic
Opportunistically invest during periods of market dislocation.

Ownership Alignment
Portfolio manager has the majority of his net worth in the GoodHaven Fund and products.

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