Guardian Fund’s Q4 2021 Investor Letter

Guardian Fund, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. In 2021, the return of the Guardian Fund was 3.27%, measured in euros and net of fees and expenses. This compares to 28.71% for the S&P 500 Index, measured in U.S. dollars, and including dividends. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.